Option trading just landed on Sunday!
Come trade with a bot that finds mis-priced ATM options
Check the screenshot below of alert from this bot on Sunday Slack —
Screenshot of Option bot alert from Slack
At around 10.55am today (14th June; DTE 0), MIDCPNIFTY was trading at 11970.1, and it’s ATM CE was priced at 11.45 and ATM PE at 22.85. That’s a whopping 66% skew between prices.
Opportunity:
Statistically, these prices tend to converge once before they diverge again.
I like this bot for option buying. I tend to buy the cheaper option and scalp a few points. Because the skew is already quite high, the cheaper option has very little downside risk. Trend followers will enjoy the screenshot below.
MIDCPNIFTY 11975CE rocketed from 11 to 77 today 🚀
That’s it. More on our slack.
— Aakash
PS. Ready to become a power trader? For a limited time use coupon code FRIENDS50 when you signup here 👉🏽
Sneak peak of what Madhur did this week
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