Who is the best options trader in the world

In trading, only about 0. If you are true to yourself, within a year or two you would come to know if you will be successful. A: I do all kind of trades but my focus is on income trading. This form of trading generates a steady monthly income. The idea is to take the same type of trades every month and earn a steady income. I mainly trade an income generating strategy called Weirdor, it is also known as the Jeep strategy because of the shape of the payoff diagram that represents a jeep.

The trade is taken in tranches. It would be better understood with an example. If the Nifty is trading at say 10, I would sell 10 lots of every out of the money put, say the 9, put. For every 10 put I sell, I will buy 1 put that is slightly closer. So in this case I would buy one 10, put. I prefer this strategy over the strangle because the breakeven in Weirdor is wider and a small move or day-to-day volatility in the market does not impact the trade.

However, the return on investment is slightly lower, but so is the risk in the trade. In the case of Nifty, a points move will not impact the Weirdor trade. Furthermore, adjustments in the Weirdor is simpler and more cost effective. In case the Nifty falls by say points all I have to do is buy one more put which would bring my breakeven point lower by points.

I do such adjustments times. I trade the Weirdor on the Nifty where each tranche has a potential of generating Rs 25, — 30, If the delta is not getting adjusted or if the loss is double of the reward then I would take the loss.

You have to be clinical in taking naked strategies. In case the market moves higher, I would simply move the put side higher and come out of the call options that were written earlier. A: I also trade strangles as part of the income strategy, but not on the weekly Bank Nifty. What kills you in a naked strategy are the gap openings. In the case of Bank Nifty, a move of one standard deviation would mean a move of points.

This kind of move happens very frequently these days. When I used to trade Bank Nifty strangle, even on low volatility I was trading a 2, point widespread and getting Rs on it, which was roughly percent return on investment.

In the high volatility environment as seen in September and October, the same spread of deltas wide was 3, points wide. In the case of Nifty, I ensure that I am at least points away. What I look for is time to be on my side before I place a trade. I normally place my trade 40 days before expiry. It is said that there are two certainties — death and taxes.

But when it comes to options there is only one certainty — time decay. Volatility and price cannot be predicted so you need time and distance to make adjustments to your trade. Wide distance between the call and put options helps you keep your losses small even if there is a fast move.

Take the case of demonetisation which saw a 1, points move on the Nifty in a single day. My strangle trade was 1, point wide. I had sold the put at which I covered at and the call option which was sold at 90 went to zero. I booked a small loss and was comfortable in taking the loss.

In such situations, it is better to book your loss and stay out for a few days before taking the next trade. A recent incident where a hedge fund that was trading options got wiped because natural gas prices shot up could have been prevented by taking quick action.

For me, the sharp move in Bank Nifty a few months back was a testing time. The index moved 1, points from the point where I entered the trade. Adjusting almost on a daily basis by moving my put side forward I could save points. Should they have this capability?

Well, that's for legislatures to decide. New York Times. Harvard Business School. Library of Congress. Securities and Exchange Commission. Kellogg School of Management at Northwestern University. Warren Buffett. Actively scan device characteristics for identification.

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Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The majority of traders struggle to earn big profits with only a handful managing to strike it rich. Tina Gadodia. Gurumoorthy P Iyer. Abhijit Pathak. Dharmik Thakker. Murli Deshpande. Sivakumar Jayachandran. Nitish Narang.

Santosh Pasi. Ashok Devanampriya. Puneet Tewani. Saketh Ramakrishna. She is an expert in generating Option based trading Strategies both on directional and non-directional front. Gurumoorthy P Iyer — popularly known as Guru — Alchemist is into trading since He has developed a unique method of identifying what the market is upto on the basis of charts of Options, and also straddles, OI of options and Put Call ratio at various strike prices.

He has observed on many occasions how options charts have a different story to tell, sometimes exactly opposite to what the chart of the underlying is showing. He is specialized in options trading and is presently a full-time Professional trader focusing on index options in Indian and US market.

He has his proprietary trend finding method. He now teaches individual traders the techniques and methods he used every day to consistently make a profit in the options markets. Murli also teaches professional and retail traders through webinars, onsite training, and one on one mentoring: A conservative and risk-averse trader who believes in defined risk market neutral strategies.

Sivakumar Jayachandran is one of the successful option scalpers popularly known as justsiva in twitter. He is a serial entrepreneur who took successful exit from his BPO business before venturing into the world of financial markets. Siva currently mentors budding professional traders to swim in the world of options. He has been a trader in the Indian stock markets with an overall experience of 14 years, specialising in Options Trading while focusing on volatility.

He is a non-directional option strategy trader, considering volatility as edge. He has been conducting Option Trading workshops all pan India. He has also trained over participants across India and other parts of the world. His hobbies include Swimming, Ice skating, roller skating, bungee jumping, sky diving and is a certified scuba diver. He has also visited Australia, Singapore and Sweden. He is a seasoned stock market investment professional with a decade of experience in investing and trading.

He is the co founder of www. He preaches the concept of Techno Fundamental Analysis of stocks to generate better returns and long term growth in Indian equity markets. He has been a Gann practitioner and working on Algo models to be built on Gann methods. He uses price action methods along with Gann levels for positional trading. He is also an algorithmic trader in the Indian derivative market. His robots run automatically without any manual intervention in the intraday setups.

Ashok holds a bachelor degree in Mechanical Engineering from P. I'm Intraday Trader, mainly trades in Banknifty options. I run few bunch of strategies using automated algo infrastructure. He is an active trader and a passionate investor for the past 8 years. After graduation, Saketh started Optionables Fintech LLP as a partnership firm with the goal to make this his full-time profession.

At the age of 20 years he started the firm along with his partner focusing on building trading system and developing algo models to deploy it in real time trades.