How many of you will do long strangle on budget day?

F&O
41

Then you can cut this budget crap and wait for some days. I assume you might have some directional view on the market along with strategy since you have taken a monthly expiry.

However something doesn’t add up, you said you are beginner then why long options? It is very risky and slowly bleeds out your money if your directional view on markets is wrong. Rule of thumb for F&O says Intraday --> weekly expiry --> monthly expiry, this should be your trading path. We should only move to next level only if we mastered the previous for a better grip on options trading.

2 Likes
42

Ok thanks. That’s all I needed to know. I was beginning to panic because all over there is so much hype and people are inducing fear psychosis that your account will be empty by Monday and all. I am like what the…is there something about options I am yet to know or what. :crazy_face:
PS: Pardon my ignorance.