Best Option trading Strategy in AMBUJACEM for November Expiry

How to trade options?

Signup to get my curated emails that tell what options are and how I'm trading them to generate my monthly cheque!


Spread the love

Hey Folks! I hope you are doing well. Through this blog, I try to share some options strategies so that we can earn together. Today I’m sharing a “best option trading strategy” in AMBUJACEM for the November Expiry. Read this post till the end to know the strategy and adjustments.

If we talk about what is the best Option trading Strategy, the first strategy that comes to mind is the Iron Condor Options Strategy. I love the strategy because it helps manage risk while trading passively. I have written a detailed article where I share what an “iron condor” strategy is and how one can use it.

So, before you deploy this strategy in a live account, you should have a proper understanding of this strategy and its behavior. So, spend some time learning the strategy first.

If you are looking for some mentoring for these limited risk options strategies like the Iron Condor Options Strategy with proper adjustments, you must click on the below button.

Best Option trading Strategy in AMBUJACEM

The first step to launching a Best Option trading Strategy is to find the range of that stock. Let us look at the chart and analyze option chain data to find the range for coming sessions.

AMBUJACEM chart analysis for High probability options Strategy

After a sharp decline, you can see that AMBUJACEM is trading in a range. We need that type of stock only for the Best Option trading Strategy. Based on the chart, 575 is acting as a strong support level and 480 is acting as a resistance level for coming sessions.

.

So based on this range (480-570), we can select our strikes based on the above range and open interest data. Let us look at the option chain data to confirm this range.

Open Interest analysis of AMBUJACEM

AMBUJACEM open Interest -High probability options Strategy

Based on the open interest chart, we can see that 580 is acting as an immediate resistance zone and 480 is acting as an immediate support zone. An indication of expiry level, max pain is at 370.

This is confirmed with open interest that 480 to 580 can be the range in AMBUJACEM for the coming sessions. So, we can use this range to make the Iron Condor Options strategy.

Best Option trading Strategy in AMBUJACEM

High Probability Options Strategy in AMBUJACEM

Possible adjustments for this Options Strategy

This strategy requires some adjustments if it breaks even. To get these adjustments in real-time, you can join our premium Telegram Channel.

I hope my articles are helping to trade with these options strategies. Which strategy are you using to generate your monthly paycheck? Do let me know in the comment box.


Options Strategies – A Mentorship Program

Learn about trading options in a course led by an industry expert. It doesn’t matter how old you are, the mentorship program is open to everyone who wants to learn more about the various option trading strategies. You’ll learn everything you need to know about these strategies and more. Don’t wait, Enroll today!


DISCLAIMER: We do not work as SEBI research analysts. Views and the options strategy are provided for educational purposes only. There is no liability for any loss caused by the use of this article or its contents. This product is not a buy or sell recommendation, but rather a guideline for interpreting specific analysis methods. This information should only be used by investors and traders who are aware of the risks associated with trading securities.


Spread the love

Join our list of 10K+ Successful Traders!

Get my Weekly Tips on How To Get Ahead!


Sachin Sival is the founder and CEO of Replete Equities, an options trading company that specializes in delta hedging. A self-taught trader, Sachin has a passion for volatility trading and stock trading. Sachin loves to hone his skills by reading up on new strategies and techniques as well as taking part in industry events. In addition to being a successful entrepreneur, Sachin also takes pleasure in photography - as a hobby.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.