DESCRIPTION Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018. For Live Trades & Market, analysis Join my Telegram channel for Free Search ITJegan in the Telegram app & follow @ITJegan on Twitter t.me/itjegan --------------------------------------------------------------------------------------- Discount Offer for Sensibull & tradetron Subscription, click here. Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney Sensibull Subscription link: pages.razorpay.com/itjegan --------------------------------------------------------------------------------------- To Open a Trading and Demat Account, you can use the below link, ZebueTrade: zebuetrade.com/itjegan/ Zerodha: zerodha.com/open-account?c=ZM... Motilal Oswal: www.motilaloswal.com/open-dem... Alice Blue: abopening.online/CAPITALZONE/ ---------------------------------------------------------------------------------------- Subscribe to CapitalZone : th-cam.com/users/CapitalZone Subscribe to our தமிழ் Channel CapitalZone: th-cam.com/channels/ke6ygIkcouKm7R3nLSyalA.html ---------------------------------------------------------------------------------------- WORKSHOP DETAILS: Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders. 👉Topics: capitalzone.in/topics/ 👉Enroll Here: rzp.io/l/G1rrn8POy 👉Schedules: capitalzone.in/schedules/ ---------------------------------------------------------------------------------------- For Trading Account Opening and Other financial services, can reach us at: Phone\Whatsapp\Telegram: +91 9962143422 Free Telegram Channel: t.me/itjegan Twitter: twitter.com/itjegan/ Facebook:facebook.com/capitalzoneitjegan LinkedIn:www.linkedin.com/company/capi... Instagram: instagram.com/capitalzone_itjegan/ Website: www.capitalzone.in/
When i attended ur sensibull Webinar, did not understand much abt ur open Infy positions, while u opened ur account for showing Nifty position, I took a screenshot and tried to figure it out and was not able to findout the actual adjustment made. Cant even imagine how much others would have charged to teach these adjustment, and here u are giving it for free. I can feel you as person went from Zero to Hero, and trying ur level best to educate retail trader to become a profession. Plz dont pause these work.
Thanks Jegan . This is wonderful piece of information and its very kind of you to let us know. Loads of love for your genunity and being a great human. .thanks again
SIR, SUPERB EXPLANATION. FEARFUL WORDS LIKE SCARED, AFRAID ARE NOT FROM YOUR STATURE AS YOU CAN HANDLE ANY RISKY SITUATION. THANK U VERY MUCH SIR.THE DAYS SEEM TO BE NOT 14 & 15 JULY, IT WAS 15 & 16 JULY (AS GAP UP WAS ON 16 JULY(OFCOURSE STRATEGIES AND ADJUSTMENTS ARE IMPORTANT- NOT DATES.
Sir, Invaluable information. Mostly shared by many youtubers for a cost. Kneeling down I would like to thank you for your generosity and humbleness. Kindly keep sharing the knowledge. Many retailers would be benefited. I will watch this video for atleast 10 times sir. Regards.
"I don't mix my covered calls with investment at all. I don't give delivery at all." THEN why you call it covered call at all. It effectively becomes a naked call sold.
sirji .. he is not naked as he don't have to buy shares to give delivery, in which he losses intrinsic value.he is trying his best to protect investment , so that to give only 10% tax as LTCG.
Abhinandan is correct. You cannot call this a covered call. It's a naked put to start with. It has no semblance of a covered call because the idea of a covered call is to give delivery if the price moves above your sold call. Anything else, whatever may be the reason, cannot be termed as a covered call in any circumstance. Being a teacher he cannot make such basic mistakes. This is elementary.
@@KT-rx5nk I see your point, but it is still a form of a psychological covered call. When you hold the underlying stock, you get to lean on the upside in case things go very wrong.
Thanks Jagan for this video. To do videos like this you must have big heart. I kindly request you to do more videos like this for small retail people like me learn from it and educate ourselves. At least do 1 video like this MoM.
Why buy the future to protect straddle, you can unwind the call which will achieve the same result, will reduce youe margin needed and give charges will also be less. Buying future with an ITM call sold is basically shutting off all upside risk and all downside profit, which is same as unwinding the call
@@manojmishra9377 buying a future does the same thing mate, assuming you buy infy future at 960 when your call is in loss of 60rs, you will always have loss of 60rs because profit made in future will always be equal to additional loss in call or loss made in future and also the other way around. Want to understand if there is any reason to buy future and increase margin needed + incur additional charges over unwinding the call
@@BandiShreyas my understanding is basically his profitable range was 850-950 and his upper breakeven was challenged with infy at 951, hence he wanted to neutralize the upside risk, until he is sure that the upside is safe. This gave him time to think about upside challenge and maybe gain more premium in coming days by selling more calls. I usually do a ratio debit spread on the challenged side too, but of course because i don't have unlimited capital :)
Jegan, thanks very much for this post. With your kind of portfolio, if you were in panic, consider what will happen to others with a small portfolio. Surely small portfolio holders need to develop a lot of patience, knowledge in options and courage before entering such trades.
11:32 This happens to me almost every time. I feel, it's me only. Now I know many have this experience. :D You are a fighter bro. Wish you all the best.
Jegan - very nice explanation. Looking for more video.. Still I was waiting for how much margin need on this whole adjustment.. suggestion- it will be good to explain with opstra definedge site for more clarity..
One could have closed 900 call option of the current month and sold 950 call option of the next month and would still have retained some profit. This is also an adjustment but less complex.
@@CapitalZone it's ok. Thank you jagan. But your videos are advance stage. After watching your video workshop 2.45 hr. I am started options selling with iron Condor method. This is 4 th week. 2 weeks I am in profit side. One week I am in loss, because lack of knowledge in adjustments. I like your style of training and trading.
Hi, I watched your 2 years back Trades Carnival video for Option Selling and loved it. For this video- Couldn't understand 2 things. 1. When you sold 850 PE why didn't the breakeven extended on downside as you collected premium for the same. Be it upside or downside. 2. On final trade I couldn't understand how breakeven of 1020 arrived?
Hi Rahul I have the same questions.. Did you found out the answers..? I think IT Jagan miscalculated the breakeven points. For u r 1 st question, I think the BE is 850. He loses money in 850 PE, if and only if the stock is below 850. For the second question, I think 1020 is correct. he is selling 1000 rs CE and collects 20 Premium. therefore he losses if INFY crosses 1020. Correct me if I am wrong.
Do you realize that after adjustments on 21st till 27, your downside breakeven was around 888 (not below 850 as you said)? Check out your PL diagrams after each adjustment. It was god's grace, infy stayed above 900 in this week, and you got to make this video.
Very informative video. Sir I have one doubt. Why didn't you did martingale if INFY triple in first week ? You would have sold double quantity in upper side. Please guide.
Sir. This is good fire-fighting. But how much capital you deployed to keep all these positions open. We need to have atleast 8 Lakhs to open the above positions as you have hedged with futures also. Kindly let us know sir.
What's wrong in this? Lawrance Mcmillan in his book Option as a strategic Investment has terms selling put after a strong bull ( in covered call) as "A too Serious but all too common mistake" . Why? Suppose after you sell put market reverse back !! then? You are already in loss in CE and PE sell will give horrendous losses. So Larry suggest that in such a situation, book your future and CE position both( cash as described by you). And then relax for a while and make a new strategy.
Thanks for sharing your trading idea. But, please let me know if you really made profits as your brokerage+taxes for selling so many call & put options and buying in future also should have costed you more.
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DESCRIPTION
Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018.
For Live Trades & Market, analysis Join my Telegram channel for Free
Search ITJegan in the Telegram app & follow @ITJegan on Twitter
t.me/itjegan
---------------------------------------------------------------------------------------
Discount Offer for Sensibull & tradetron Subscription, click here.
Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney
Sensibull Subscription link: pages.razorpay.com/itjegan
---------------------------------------------------------------------------------------
To Open a Trading and Demat Account, you can use the below link,
ZebueTrade: zebuetrade.com/itjegan/
Zerodha: zerodha.com/open-account?c=ZM...
Motilal Oswal: www.motilaloswal.com/open-dem...
Alice Blue: abopening.online/CAPITALZONE/
----------------------------------------------------------------------------------------
Subscribe to CapitalZone : th-cam.com/users/CapitalZone
Subscribe to our தமிழ் Channel CapitalZone: th-cam.com/channels/ke6ygIkcouKm7R3nLSyalA.html
----------------------------------------------------------------------------------------
WORKSHOP DETAILS:
Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders.
👉Topics: capitalzone.in/topics/
👉Enroll Here: rzp.io/l/G1rrn8POy
👉Schedules: capitalzone.in/schedules/
----------------------------------------------------------------------------------------
For Trading Account Opening and Other financial services, can reach us at:
Phone\Whatsapp\Telegram: +91 9962143422
Free Telegram Channel: t.me/itjegan
Twitter: twitter.com/itjegan/
Facebook:facebook.com/capitalzoneitjegan
LinkedIn:www.linkedin.com/company/capi...
Instagram: instagram.com/capitalzone_itjegan/
Website: www.capitalzone.in/
Missing this genuine man from many days here🔥
Wonderful to see this type of person in the world.. Always shares core knowledge to others free of cost. Thanks THALA!!!
I am doing only covered call. Your adjustments in INFY looks more logical and I learned a lot.
Mindblowing strategy on adjustments. Your guru's video on INFY and RELIANCE is confusing.. You provided a clear cut video.. Thank you sir.
When i attended ur sensibull Webinar, did not understand much abt ur open Infy positions, while u opened ur account for showing Nifty position, I took a screenshot and tried to figure it out and was not able to findout the actual adjustment made. Cant even imagine how much others would have charged to teach these adjustment, and here u are giving it for free.
I can feel you as person went from Zero to Hero, and trying ur level best to educate retail trader to become a profession. Plz dont pause these work.
Thanks Jegan . This is wonderful piece of information and its very kind of you to let us know. Loads of love for your genunity and being a great human. .thanks again
Sir your knowledge is like diamond . And you are pure gold ... God bless you sir ...Thanks
SIR, SUPERB EXPLANATION. FEARFUL WORDS LIKE SCARED, AFRAID ARE NOT FROM YOUR STATURE AS YOU CAN HANDLE ANY RISKY SITUATION. THANK U VERY MUCH SIR.THE DAYS SEEM TO BE NOT 14 & 15 JULY, IT WAS 15 & 16 JULY (AS GAP UP WAS ON 16 JULY(OFCOURSE STRATEGIES AND ADJUSTMENTS ARE IMPORTANT- NOT DATES.
Dear Jegan,
I just watched this video now. Simply superb. Your psychology in doing these adjustments needs a Hats off. Great.....
Thanks for the video. I was searching adjustment trades for covered call and after long time now only got the result.👍👍
Sir, Invaluable information. Mostly shared by many youtubers for a cost. Kneeling down I would like to thank you for your generosity and humbleness. Kindly keep sharing the knowledge. Many retailers would be benefited. I will watch this video for atleast 10 times sir. Regards.
Jagan, u r one of the best teachers on youtube along with the trader
The best video I have ever seen on you tube or on any social media. Thanks a lot jegan bhai
back with a bang . extremely appreciated full of knowledge video thnx sir
WOW MR JAGAN you are VERY GOOD AT EXPLAINING complex subjects VERY SIMPLY. YOU MUST have your own COMMUNITY.
Awesome mind set and determination to make sure the trade is adjusted in whichever way the market goes . Great Jegan!
Superb Sir....I will not miss your any video
You're really one of a character sir your speed and command over knowledge is just awesome. Keep continuing these kind of strategy videos.
Welcome back! It is mind blowing explanation! Couldn’t understand any thing!
"I don't mix my covered calls with investment at all. I don't give delivery at all."
THEN why you call it covered call at all. It effectively becomes a naked call sold.
sirji .. he is not naked as he don't have to buy shares to give delivery, in which he losses intrinsic value.he is trying his best to protect investment , so that to give only 10% tax as LTCG.
Abhinandan is correct. You cannot call this a covered call. It's a naked put to start with. It has no semblance of a covered call because the idea of a covered call is to give delivery if the price moves above your sold call. Anything else, whatever may be the reason, cannot be termed as a covered call in any circumstance.
Being a teacher he cannot make such basic mistakes. This is elementary.
@@KT-rx5nk I see your point, but it is still a form of a psychological covered call. When you hold the underlying stock, you get to lean on the upside in case things go very wrong.
@@vijayjan8608 yaaa... Psychology play a big role in the market
@@KT-rx5nk agree
Finally good required information and power of adjustmentments
Sir this is best video i every seen on adjustment
Really glad to see you back.... Wonderful and informative video
Excellent video jegan sir.. it will be in my library for future..
Our boss is back 🔙
Thanks Jagan for this video. To do videos like this you must have big heart. I kindly request you to do more videos like this for small retail people like me learn from it and educate ourselves. At least do 1 video like this MoM.
Why buy the future to protect straddle, you can unwind the call which will achieve the same result, will reduce youe margin needed and give charges will also be less. Buying future with an ITM call sold is basically shutting off all upside risk and all downside profit, which is same as unwinding the call
He was in loss in the call option, that's why he is doing these adjustments. So he can't unwind the position at loss
@@manojmishra9377 buying a future does the same thing mate, assuming you buy infy future at 960 when your call is in loss of 60rs, you will always have loss of 60rs because profit made in future will always be equal to additional loss in call or loss made in future and also the other way around. Want to understand if there is any reason to buy future and increase margin needed + incur additional charges over unwinding the call
@@BandiShreyas my understanding is basically his profitable range was 850-950 and his upper breakeven was challenged with infy at 951, hence he wanted to neutralize the upside risk, until he is sure that the upside is safe. This gave him time to think about upside challenge and maybe gain more premium in coming days by selling more calls.
I usually do a ratio debit spread on the challenged side too, but of course because i don't have unlimited capital :)
Maybe to keep the time value in sold option
@@rudys3649 the future will also be at a premium, if not then selling an ITM call and buying a future at spot price will be an arbitrage opportunity
Great video @CapitalZone Jegan ! Thanks.....Could you please do a series on Index trades and some interesting adjustments
Much needed learning lesson I was looking for, that too from Jagan Sir..thank you sir...
Jegan, thanks very much for this post. With your kind of portfolio, if you were in panic, consider what will happen to others with a small portfolio. Surely small portfolio holders need to develop a lot of patience, knowledge in options and courage before entering such trades.
Excellent stuff Jegan and very well explained. Everything was explained slowly and clearly.
Excellent way of explaining the things.
11:32 This happens to me almost every time. I feel, it's me only. Now I know many have this experience. :D
You are a fighter bro. Wish you all the best.
Wow...No one can explain like you sir...Hats off to you...Upload more adjustments videos we are eagerly waiting for that.
Thanks a lot...
What's the capital employed and what's the return on capital employed?
This knowledge is priceless ❤️👍🙏
Thank u so much Jegan for sharing ur experiences … my biggest understandings of options r from u. My best wishes for ur continued success!
Why carry a call sell position when there’s an earning report coming?
Very nice narrative. Thank you, it will give us training and confidence.
wonderful explanation sir
thanks for shareing ur valuable knowledje
Fabulous & Fantastic Sir 👌
Dear Jagan
Nice to see you on youtube after long time.
u being experienced did it effortlessly but not everyone's cup of tea. however learning was wortrhwhile. thanks
How to do adjustment when Stock comes in f&o ban.
King is back
Jegan - very nice explanation. Looking for more video.. Still I was waiting for how much margin need on this whole adjustment.. suggestion- it will be good to explain with opstra definedge site for more clarity..
Really feel good to watch ur strategy, tq for sharing sirrr
excellent explanation sir!!!!
Really good work you done.
One could have closed 900 call option of the current month and sold 950 call option of the next month and would still have retained some profit. This is also an adjustment but less complex.
Hi jagan. Thanks for sharing your views on adjustments. Can you suggest any book for more types of adjustments.
I think Mr.Jegan needs to write one. :)
@@CapitalZone Then why don't you write a book?
@@eskchakrawarthy8761 Yes. Doing the same on TH-cam.
@@CapitalZone it's ok. Thank you jagan. But your videos are advance stage. After watching your video workshop 2.45 hr. I am started options selling with iron Condor method. This is 4 th week. 2 weeks I am in profit side. One week I am in loss, because lack of knowledge in adjustments. I like your style of training and trading.
Really great video sir
great explanation, thank you for the knowledge.
What if nifty went back to 900 then what should be the plan?
Sir your call option in ITM then what happen to delivery.
I'm not able to understand. Can you clearify it
Thanks for explaining the concept of Adjustment in such a simple way. Nice mind opening video sir
Thank You So much for the Info and Wisdom. Great !!!
Hi,
I watched your 2 years back Trades Carnival video for Option Selling and loved it.
For this video-
Couldn't understand 2 things.
1. When you sold 850 PE why didn't the breakeven extended on downside as you collected premium for the same. Be it upside or downside.
2. On final trade I couldn't understand how breakeven of 1020 arrived?
Hi Rahul I have the same questions.. Did you found out the answers..? I think IT Jagan miscalculated the breakeven points. For u r 1 st question, I think the BE is 850. He loses money in 850 PE, if and only if the stock is below 850. For the second question, I think 1020 is correct. he is selling 1000 rs CE and collects 20 Premium. therefore he losses if INFY crosses 1020. Correct me if I am wrong.
excellent sir
simply super
explanation is marvellous
Great of you to explain the strategy.. How much should we have capital to manage these adjustments?
Sir, huge difference between new and old option chain data..new option chain data data doesn't match at all..have you noticed or am i incorrect ?
Everything is fine but what about the capital required, for all this
wow, what an explanation dear......
Do you realize that after adjustments on 21st till 27, your downside breakeven was around 888 (not below 850 as you said)? Check out your PL diagrams after each adjustment. It was god's grace, infy stayed above 900 in this week, and you got to make this video.
Yeh Banda retail traders ko nanga karwayega aise adjustment karwake.
can you explain how you got breakeven 888, i think it is 850
Sir,
Excellent explanation, but at last you must tell about margin required for such firefighting adjustments.
Sir , what is the margin amount you spent on this adjustments.please let us know.
Thank you .
i think he may used another 5 L to mange this since he sold 2 PE and 2 CE and 1 Future
Hi Jagan...one point is left to discuss...how much extra margin was used in these adjustments
Where u went...we missed ur sessions jegan
I was waiting for your videos sir
Super strategy Sir.
How much capital have you used for this adjustment??
Awesome.. in how many days after Entry the trade was closed..
Very informative video. Sir I have one doubt. Why didn't you did martingale if INFY triple in first week ? You would have sold double quantity in upper side. Please guide.
Welcome back sir.
For Selling Put, did you need to Put down collateral for the stock? Since you already had tied the stock by Selling 900 call?
Sir. This is good fire-fighting. But how much capital you deployed to keep all these positions open. We need to have atleast 8 Lakhs to open the above positions as you have hedged with futures also. Kindly let us know sir.
So honest and genuine
Wonderful approach
What's wrong in this? Lawrance Mcmillan in his book Option as a strategic Investment has terms selling put after a strong bull ( in covered call) as "A too Serious but all too common mistake" .
Why? Suppose after you sell put market reverse back !! then? You are already in loss in CE and PE sell will give horrendous losses. So Larry suggest that in such a situation, book your future and CE position both( cash as described by you). And then relax for a while and make a new strategy.
Superb and big fan of u
Jegan eagerly expecting a covered call and adjustments video from you.
Excellent 👌👍 Sir
Thanks sir, welcome back 🙏
nicely explained sir hats off to you thanks for sharing your knowledge with us
Thanks sir
Iwe miss ur video
Happy to see u
Is there a video for adjustment strategies for gap down?
மிக்க நன்றி நண்பரே..
Is it possible to hedge the covered call by buying a call
Thumbnail superb
Very nice sir
Well explained Jegan !
very helpful, thanks!!
Thanks for sharing your trading idea. But, please let me know if you really made profits as your brokerage+taxes for selling so many call & put options and buying in future also should have costed you more.
Very nicely explained sir.
Holding two Naked Puts in a stock is like " a girl walking in bikini midnight on Delhi roads".
hahahahaha Nicely Said
😄 HAHAAHA YOU have a good sense of humour. Take 2 GUARD DOGS 🐕 or Buy 1 Itm PUT .
@@pbose698 no need bikini dress, alone girls 👗 fine 😂
Looks like this is a library video like your talk in TC.
I'm the First Viewer & I am the First to like it. 😊
great job
Wlcm back after a long time
Same thing PR also did but never revealed,, Why I am losing trust in PR .....
Sorry, to say but pr looks troller to me rather then a teacher.