DESCRIPTION Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018. For Live Trades & Market, analysis Join my Telegram channel for Free Search ITJegan in the Telegram app & follow @ITJegan on Twitter t.me/itjegan --------------------------------------------------------------------------------------- Discount Offer for Sensibull & tradetron Subscription, click here. Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney Sensibull Subscription link: pages.razorpay.com/itjegan --------------------------------------------------------------------------------------- To Open a Trading and Demat Account, you can use the below link, ZebueTrade: zebuetrade.com/itjegan/ Zerodha: zerodha.com/open-account?c=ZM... Motilal Oswal: www.motilaloswal.com/open-dem... Alice Blue: abopening.online/CAPITALZONE/ ---------------------------------------------------------------------------------------- Subscribe to CapitalZone : ruclips.net/user/CapitalZone Subscribe to our தமிழ் Channel CapitalZone: ruclips.net/channel/UCke6ygIkcouKm7R3nLSyalA ---------------------------------------------------------------------------------------- WORKSHOP DETAILS: Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders. 👉Topics: capitalzone.in/topics/ 👉Enroll Here: rzp.io/l/G1rrn8POy 👉Schedules: capitalzone.in/schedules/ ---------------------------------------------------------------------------------------- For Trading Account Opening and Other financial services, can reach us at: Phone\Whatsapp\Telegram: +91 9962143422 Free Telegram Channel: t.me/itjegan Twitter: twitter.com/itjegan/ Facebook:facebook.com/capitalzoneitjegan LinkedIn:www.linkedin.com/company/capi... Instagram: instagram.com/capitalzone_itjegan/ Website: www.capitalzone.in/
When i attended ur sensibull Webinar, did not understand much abt ur open Infy positions, while u opened ur account for showing Nifty position, I took a screenshot and tried to figure it out and was not able to findout the actual adjustment made. Cant even imagine how much others would have charged to teach these adjustment, and here u are giving it for free. I can feel you as person went from Zero to Hero, and trying ur level best to educate retail trader to become a profession. Plz dont pause these work.
Thanks Jegan . This is wonderful piece of information and its very kind of you to let us know. Loads of love for your genunity and being a great human. .thanks again
SIR, SUPERB EXPLANATION. FEARFUL WORDS LIKE SCARED, AFRAID ARE NOT FROM YOUR STATURE AS YOU CAN HANDLE ANY RISKY SITUATION. THANK U VERY MUCH SIR.THE DAYS SEEM TO BE NOT 14 & 15 JULY, IT WAS 15 & 16 JULY (AS GAP UP WAS ON 16 JULY(OFCOURSE STRATEGIES AND ADJUSTMENTS ARE IMPORTANT- NOT DATES.
Sir, Invaluable information. Mostly shared by many youtubers for a cost. Kneeling down I would like to thank you for your generosity and humbleness. Kindly keep sharing the knowledge. Many retailers would be benefited. I will watch this video for atleast 10 times sir. Regards.
Thanks Jagan for this video. To do videos like this you must have big heart. I kindly request you to do more videos like this for small retail people like me learn from it and educate ourselves. At least do 1 video like this MoM.
Jegan, thanks very much for this post. With your kind of portfolio, if you were in panic, consider what will happen to others with a small portfolio. Surely small portfolio holders need to develop a lot of patience, knowledge in options and courage before entering such trades.
11:32 This happens to me almost every time. I feel, it's me only. Now I know many have this experience. :D You are a fighter bro. Wish you all the best.
"I don't mix my covered calls with investment at all. I don't give delivery at all." THEN why you call it covered call at all. It effectively becomes a naked call sold.
sirji .. he is not naked as he don't have to buy shares to give delivery, in which he losses intrinsic value.he is trying his best to protect investment , so that to give only 10% tax as LTCG.
Abhinandan is correct. You cannot call this a covered call. It's a naked put to start with. It has no semblance of a covered call because the idea of a covered call is to give delivery if the price moves above your sold call. Anything else, whatever may be the reason, cannot be termed as a covered call in any circumstance. Being a teacher he cannot make such basic mistakes. This is elementary.
@@KT-rx5nk I see your point, but it is still a form of a psychological covered call. When you hold the underlying stock, you get to lean on the upside in case things go very wrong.
Why buy the future to protect straddle, you can unwind the call which will achieve the same result, will reduce youe margin needed and give charges will also be less. Buying future with an ITM call sold is basically shutting off all upside risk and all downside profit, which is same as unwinding the call
@@manojmishra9377 buying a future does the same thing mate, assuming you buy infy future at 960 when your call is in loss of 60rs, you will always have loss of 60rs because profit made in future will always be equal to additional loss in call or loss made in future and also the other way around. Want to understand if there is any reason to buy future and increase margin needed + incur additional charges over unwinding the call
@@BandiShreyas my understanding is basically his profitable range was 850-950 and his upper breakeven was challenged with infy at 951, hence he wanted to neutralize the upside risk, until he is sure that the upside is safe. This gave him time to think about upside challenge and maybe gain more premium in coming days by selling more calls. I usually do a ratio debit spread on the challenged side too, but of course because i don't have unlimited capital :)
Jegan - very nice explanation. Looking for more video.. Still I was waiting for how much margin need on this whole adjustment.. suggestion- it will be good to explain with opstra definedge site for more clarity..
Do you realize that after adjustments on 21st till 27, your downside breakeven was around 888 (not below 850 as you said)? Check out your PL diagrams after each adjustment. It was god's grace, infy stayed above 900 in this week, and you got to make this video.
One could have closed 900 call option of the current month and sold 950 call option of the next month and would still have retained some profit. This is also an adjustment but less complex.
What's wrong in this? Lawrance Mcmillan in his book Option as a strategic Investment has terms selling put after a strong bull ( in covered call) as "A too Serious but all too common mistake" . Why? Suppose after you sell put market reverse back !! then? You are already in loss in CE and PE sell will give horrendous losses. So Larry suggest that in such a situation, book your future and CE position both( cash as described by you). And then relax for a while and make a new strategy.
Sir , your Guru PR Sundar used the same strategy in Infosys and went to loss. He told he sold many put options and reduced his losses. But I really thank you for being more transparent than PR Sundar in revealing your trading secrets without much build-up like Sundar. I again appreciate your attitude Sir, thank you :)
Sir. This is good fire-fighting. But how much capital you deployed to keep all these positions open. We need to have atleast 8 Lakhs to open the above positions as you have hedged with futures also. Kindly let us know sir.
DESCRIPTION
Mr. Jegathesan Durairaj (itjegan) is a professional Option trader, strategist, Expiry trader, Trainer, and Investor. He is a mathematician by qualification, an Ex-software professional, and now a full-time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity on Twitter as IT Jegan, with huge followers. He has won 12 times on the Zerodha platform. He founded his own firm CapitalZone in the year 2018.
For Live Trades & Market, analysis Join my Telegram channel for Free
Search ITJegan in the Telegram app & follow @ITJegan on Twitter
t.me/itjegan
---------------------------------------------------------------------------------------
Discount Offer for Sensibull & tradetron Subscription, click here.
Tradetron subscription link: www.tradetron.tech/?ref=capitalzoney
Sensibull Subscription link: pages.razorpay.com/itjegan
---------------------------------------------------------------------------------------
To Open a Trading and Demat Account, you can use the below link,
ZebueTrade: zebuetrade.com/itjegan/
Zerodha: zerodha.com/open-account?c=ZM...
Motilal Oswal: www.motilaloswal.com/open-dem...
Alice Blue: abopening.online/CAPITALZONE/
----------------------------------------------------------------------------------------
Subscribe to CapitalZone : ruclips.net/user/CapitalZone
Subscribe to our தமிழ் Channel CapitalZone: ruclips.net/channel/UCke6ygIkcouKm7R3nLSyalA
----------------------------------------------------------------------------------------
WORKSHOP DETAILS:
Conducting workshops in all Metro Cities (Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kerala, and Coimbatore) is often based on queries from Traders.
👉Topics: capitalzone.in/topics/
👉Enroll Here: rzp.io/l/G1rrn8POy
👉Schedules: capitalzone.in/schedules/
----------------------------------------------------------------------------------------
For Trading Account Opening and Other financial services, can reach us at:
Phone\Whatsapp\Telegram: +91 9962143422
Free Telegram Channel: t.me/itjegan
Twitter: twitter.com/itjegan/
Facebook:facebook.com/capitalzoneitjegan
LinkedIn:www.linkedin.com/company/capi...
Instagram: instagram.com/capitalzone_itjegan/
Website: www.capitalzone.in/
Missing this genuine man from many days here🔥
Wonderful to see this type of person in the world.. Always shares core knowledge to others free of cost. Thanks THALA!!!
When i attended ur sensibull Webinar, did not understand much abt ur open Infy positions, while u opened ur account for showing Nifty position, I took a screenshot and tried to figure it out and was not able to findout the actual adjustment made. Cant even imagine how much others would have charged to teach these adjustment, and here u are giving it for free.
I can feel you as person went from Zero to Hero, and trying ur level best to educate retail trader to become a profession. Plz dont pause these work.
Thanks Jegan . This is wonderful piece of information and its very kind of you to let us know. Loads of love for your genunity and being a great human. .thanks again
I am doing only covered call. Your adjustments in INFY looks more logical and I learned a lot.
Mindblowing strategy on adjustments. Your guru's video on INFY and RELIANCE is confusing.. You provided a clear cut video.. Thank you sir.
Jagan, u r one of the best teachers on youtube along with the trader
SIR, SUPERB EXPLANATION. FEARFUL WORDS LIKE SCARED, AFRAID ARE NOT FROM YOUR STATURE AS YOU CAN HANDLE ANY RISKY SITUATION. THANK U VERY MUCH SIR.THE DAYS SEEM TO BE NOT 14 & 15 JULY, IT WAS 15 & 16 JULY (AS GAP UP WAS ON 16 JULY(OFCOURSE STRATEGIES AND ADJUSTMENTS ARE IMPORTANT- NOT DATES.
Thanks for the video. I was searching adjustment trades for covered call and after long time now only got the result.👍👍
Dear Jegan,
I just watched this video now. Simply superb. Your psychology in doing these adjustments needs a Hats off. Great.....
Sir your knowledge is like diamond . And you are pure gold ... God bless you sir ...Thanks
Sir, Invaluable information. Mostly shared by many youtubers for a cost. Kneeling down I would like to thank you for your generosity and humbleness. Kindly keep sharing the knowledge. Many retailers would be benefited. I will watch this video for atleast 10 times sir. Regards.
The best video I have ever seen on you tube or on any social media. Thanks a lot jegan bhai
WOW MR JAGAN you are VERY GOOD AT EXPLAINING complex subjects VERY SIMPLY. YOU MUST have your own COMMUNITY.
back with a bang . extremely appreciated full of knowledge video thnx sir
You're really one of a character sir your speed and command over knowledge is just awesome. Keep continuing these kind of strategy videos.
Sir this is best video i every seen on adjustment
wonderful explanation sir
thanks for shareing ur valuable knowledje
Finally good required information and power of adjustmentments
Thanks Jagan for this video. To do videos like this you must have big heart. I kindly request you to do more videos like this for small retail people like me learn from it and educate ourselves. At least do 1 video like this MoM.
Awesome mind set and determination to make sure the trade is adjusted in whichever way the market goes . Great Jegan!
Excellent way of explaining the things.
Much needed learning lesson I was looking for, that too from Jagan Sir..thank you sir...
This knowledge is priceless ❤️👍🙏
u being experienced did it effortlessly but not everyone's cup of tea. however learning was wortrhwhile. thanks
Welcome back! It is mind blowing explanation! Couldn’t understand any thing!
Excellent video jegan sir.. it will be in my library for future..
Really glad to see you back.... Wonderful and informative video
Really feel good to watch ur strategy, tq for sharing sirrr
Very nice narrative. Thank you, it will give us training and confidence.
Jegan, thanks very much for this post. With your kind of portfolio, if you were in panic, consider what will happen to others with a small portfolio. Surely small portfolio holders need to develop a lot of patience, knowledge in options and courage before entering such trades.
Thank u so much Jegan for sharing ur experiences … my biggest understandings of options r from u. My best wishes for ur continued success!
excellent explanation sir!!!!
Wow...No one can explain like you sir...Hats off to you...Upload more adjustments videos we are eagerly waiting for that.
Thanks a lot...
King is back
Really great video sir
Thank You So much for the Info and Wisdom. Great !!!
Great video @CapitalZone Jegan ! Thanks.....Could you please do a series on Index trades and some interesting adjustments
Our boss is back 🔙
Excellent stuff Jegan and very well explained. Everything was explained slowly and clearly.
Really good work you done.
Dear Jagan
Nice to see you on youtube after long time.
11:32 This happens to me almost every time. I feel, it's me only. Now I know many have this experience. :D
You are a fighter bro. Wish you all the best.
Superb Sir....I will not miss your any video
great explanation, thank you for the knowledge.
Thanks for explaining the concept of Adjustment in such a simple way. Nice mind opening video sir
"I don't mix my covered calls with investment at all. I don't give delivery at all."
THEN why you call it covered call at all. It effectively becomes a naked call sold.
sirji .. he is not naked as he don't have to buy shares to give delivery, in which he losses intrinsic value.he is trying his best to protect investment , so that to give only 10% tax as LTCG.
Abhinandan is correct. You cannot call this a covered call. It's a naked put to start with. It has no semblance of a covered call because the idea of a covered call is to give delivery if the price moves above your sold call. Anything else, whatever may be the reason, cannot be termed as a covered call in any circumstance.
Being a teacher he cannot make such basic mistakes. This is elementary.
@@KT-rx5nk I see your point, but it is still a form of a psychological covered call. When you hold the underlying stock, you get to lean on the upside in case things go very wrong.
@@vijayjan8608 yaaa... Psychology play a big role in the market
@@KT-rx5nk agree
nicely explained sir hats off to you thanks for sharing your knowledge with us
Why buy the future to protect straddle, you can unwind the call which will achieve the same result, will reduce youe margin needed and give charges will also be less. Buying future with an ITM call sold is basically shutting off all upside risk and all downside profit, which is same as unwinding the call
He was in loss in the call option, that's why he is doing these adjustments. So he can't unwind the position at loss
@@manojmishra9377 buying a future does the same thing mate, assuming you buy infy future at 960 when your call is in loss of 60rs, you will always have loss of 60rs because profit made in future will always be equal to additional loss in call or loss made in future and also the other way around. Want to understand if there is any reason to buy future and increase margin needed + incur additional charges over unwinding the call
@@BandiShreyas my understanding is basically his profitable range was 850-950 and his upper breakeven was challenged with infy at 951, hence he wanted to neutralize the upside risk, until he is sure that the upside is safe. This gave him time to think about upside challenge and maybe gain more premium in coming days by selling more calls.
I usually do a ratio debit spread on the challenged side too, but of course because i don't have unlimited capital :)
Maybe to keep the time value in sold option
@@rudys3649 the future will also be at a premium, if not then selling an ITM call and buying a future at spot price will be an arbitrage opportunity
Jegan - very nice explanation. Looking for more video.. Still I was waiting for how much margin need on this whole adjustment.. suggestion- it will be good to explain with opstra definedge site for more clarity..
Excellent 👌👍 Sir
Fabulous & Fantastic Sir 👌
excellent sir
simply super
explanation is marvellous
Wonderful approach
excellent teaching
I was waiting for your videos sir
மிக்க நன்றி நண்பரே..
Great video brother. Such a wonderful learning. That too absolutely of no cost. Thank you so much
Super strategy Sir.
Many thanks sir
Very nicely explained sir.
great job
Sir,
Excellent explanation, but at last you must tell about margin required for such firefighting adjustments.
So honest and genuine
Jegan eagerly expecting a covered call and adjustments video from you.
I'm the First Viewer & I am the First to like it. 😊
Do you realize that after adjustments on 21st till 27, your downside breakeven was around 888 (not below 850 as you said)? Check out your PL diagrams after each adjustment. It was god's grace, infy stayed above 900 in this week, and you got to make this video.
Yeh Banda retail traders ko nanga karwayega aise adjustment karwake.
can you explain how you got breakeven 888, i think it is 850
One could have closed 900 call option of the current month and sold 950 call option of the next month and would still have retained some profit. This is also an adjustment but less complex.
very helpful, thanks!!
Very nice sir
What's wrong in this? Lawrance Mcmillan in his book Option as a strategic Investment has terms selling put after a strong bull ( in covered call) as "A too Serious but all too common mistake" .
Why? Suppose after you sell put market reverse back !! then? You are already in loss in CE and PE sell will give horrendous losses. So Larry suggest that in such a situation, book your future and CE position both( cash as described by you). And then relax for a while and make a new strategy.
Thanks sir
Iwe miss ur video
Happy to see u
Big respect for u 🙏
Sir , your Guru PR Sundar used the same strategy in Infosys and went to loss. He told he sold many put options and reduced his losses. But I really thank you for being more transparent than PR Sundar in revealing your trading secrets without much build-up like Sundar. I again appreciate your attitude Sir, thank you :)
mindblowing sir
What a adjustments sir.. most of us square off their positions
Why don't you explain in opstra or Sensible so that we can understand easily. Very nicely explained 👏 👌 👍
Thanks sir, welcome back 🙏
Super adjustment strategies. I think for adjustments we need huge margin money
Nope
Great of you to explain the strategy.. How much should we have capital to manage these adjustments?
Wlcm back after a long time
Nicely explained
What's the capital employed and what's the return on capital employed?
Superb and big fan of u
Sir. This is good fire-fighting. But how much capital you deployed to keep all these positions open. We need to have atleast 8 Lakhs to open the above positions as you have hedged with futures also. Kindly let us know sir.
First to like Jegan!
Thanks for adjustment vedio
Plz make video bought call option in bank nifty 900 premimbecome 50 bcz bank nifty moving down huge loss
Amazing
Welcome welcome sir
Welcome back sir.
Thumbnail superb
super sir
Awesome.. in how many days after Entry the trade was closed..
Jagan u great bro...
More videos Sir 👌♥️
wow, what an explanation dear......
Holding two Naked Puts in a stock is like " a girl walking in bikini midnight on Delhi roads".
hahahahaha Nicely Said
😄 HAHAAHA YOU have a good sense of humour. Take 2 GUARD DOGS 🐕 or Buy 1 Itm PUT .
@@pbose698 no need bikini dress, alone girls 👗 fine 😂
Sir your call option in ITM then what happen to delivery.
I'm not able to understand. Can you clearify it
Why carry a call sell position when there’s an earning report coming?
Great sir