r/IndiaOptionsSelling

I’ve been selling options for a few years and have tried quite a few different approaches. At some point I got comfortable with the basics, but consistency was still the difficult part.

I recently read The Premium Selling System and decided to actually trade the approach rather than just read it and move on.

It surprised me how well it fit the way I like to trade.

The strategy isn’t overly complicated, but the way the positions are structured and managed made a lot of sense to me. I’ve been trading it with real money and, so far, the results have been consistently positive.

I’ve only been using it for a while, so I’m not going to call it a holy grail. But after spending years trying different approaches, this is one of the few where I found myself thinking, “Yeah, this actually makes sense,” and then being able to stick with it.

Sharing it because I know there are a lot of experienced option sellers here who are already familiar with the usual theta strategies but may still be struggling with consistency.

This one is worth a look if you’re in that situation.

Full video on my Youtube here

Hey Jaipur folks,

Sharing this for anyone here who’s been looking to understand technical analysis and options a little better.

Zerodha Varsity is hosting a practical session on Technical Analysis & Options Strategies, covering market signals, trends, volatility and options strategies through real market examples and case studies.

 • Date: Saturday, 22nd August
• Time: 10:30 AM – 1:00 PM
• Venue: V Sarovar Portico, Jaipur
• Free to attend
• Hi-tea & lunch included 

If this sounds useful, you can register here:
Technical Analysis & Options Strategies | Zerodha Bootcamp | Jaipur Edition · Luma

Thought some of you might find this useful!

Every flag is timestamped live when it fires, then graded against the close — winners and losers both.

Image is Monday's flags at Tuesday's close:

• NAUKRI 1300 CE — ₹21.35 → ₹77.50 (+263%)

• MCX 2850 CE — ₹46.55 → ₹117.30 (+152%), one leg of a four-strike call ladder that built through Monday

• ETERNAL 310 CE +41% · DELHIVERY 485 PE +27% · BIOCON 440 PE +22%

Method, up front:

• Flags are timestamped BEFORE the move — nothing is picked afterwards

• % = premium change from the flagged price to the last pre-auction mark. Auction prints are excluded on purpose; since the 3-Aug close-auction change that final print is a lottery, not a market

• This is the top of the board, not the average

On that last point, the actual record: across 27 graded sessions, 2,904 flags, only 41.6% ended higher and the average was −1.2%. Today (NIFTY expiry) was worse — 422 flags graded, 24.6% higher, index options averaging −34.7% into the close.

Which is the whole point of showing the ladder ones. Single expiry-day bets decay; positions that build across sessions are where the fat tail lives.

Not advice, options can go to zero. Methodology questions welcome.

Tip : Don’t Let your Losses impact you , just follow the principle and make money , Sometimes your knowledge can be wrong but not always .

Happy Trading

So I posted this 12 days back about how I generated 72% returns in 2 months: https://www.reddit.com/r/IndiaOptionsSelling/comments/1v6cjsb/started_option_selling_2_months_ago_with_a/

Some of your comments helped me think through.

What it made me realise fully was the impact a black swan event can have. Also, I was getting addicted to trading. So I took a break for 1 week and then started working on a new OTM strategy and then backtested it for the last 2 years and figured out the net return would be ~1.2% every trading day inclusive of draw downs. I traded using the strategy for the last 2 days and made a profit of 1.47% and 1.28% respectively on the employed capital.

I share my trades on Twitter. You can follow me there: https://x.com/dwipayan

Verified pnl: https://console.zerodha.com/verified/3b3c2911

Once I run this strategy live in the next 2 months and if things go as expected, I will give a detailed breakdown of the strategy on X.

P.S:

1. Reposting because the difference in the Zerodha Console report pnl and the Zerodha verified pnl was confusing people.
2. The reason why the Zerodha Console report screenshot has all green while the verified pnl has a couple of reds is because Zerodha verified pnl attributes profits to the day you close the trade whereas charges are attributed to the day you initiate the trade. So if you open a trade on a certain day but don't close in the same day, it will be a net debit(red) for that day. In the Zerodha Console P&L report, they just show the gross profit and not the charges

Though have recovered a lot, but options trading has become really difficult. If you trade with big size, you’ll be mostly squeezed.

So I posted this 12 days back about how I generated 72% returns in 2 months: https://www.reddit.com/r/IndiaOptionsSelling/comments/1v6cjsb/started_option_selling_2_months_ago_with_a/

Some folks appreciated, some cast aspersions in spite of already sharing the verified pnl link whereas some of you helped me think through.

What it made me realise fully was the impact a black swan event can have. Also I was getting addicted to trading. So I took a break for 1 week and then started working on a new OTM strategy and then backtested it for the last 2 years and figured out the net return would be ~1.2% every trading day inclusive of draw downs. I traded using the strategy for the last 2 days and made a profit of 1.47% and 1.28% respectively on the employed capital.

I share my trades on Twitter. You can follow me there: https://x.com/dwipayan

Verified pnl: https://console.zerodha.com/verified/3b3c2911

Once I run this strategy live in the next 2 months and if things goes expected, I will give a detailed breakdown of the strategy on X.