Straddle Charts - Live
Description :
This indicator is designed to display live prices for both call and put options of a straddle strategy, helping traders visualize the real-time performance of their options positions. The indicator allows users to select the symbols for specific call and put options and fetches their prices on a 1-minute timeframe, ensuring updated information.
Key Features :
Live Call and Put Option Prices: View individual prices for both call and put options of the straddle, plotted separately.
Straddle Price Calculation: The total price of the straddle (sum of call and put) is displayed, allowing for easy monitoring of the straddle’s combined movement.
Customizable Inputs: Easily change the call and put option symbols directly from the settings.
Use this indicator to stay on top of your straddle's value and make informed trading decisions based on real-time data.
Putoption
Weekly Put SaleWeekly Put Sale
This study is a tool I use for selling weekly puts at the suggested strike prices.
1. The suggested strike prices are based on the weekly high minus an ATR multiple which can be adjusted in the settings
2. You can also adjust the settings to Monthly strike prices if you prefer selling options further out
3. I suggest looking for Put sale premium that is between 0.25% to 0.75% of the strike price for weekly Puts and 1% to 3% of the strike price for monthly Puts
Disclaimers: Selling Puts is an advanced strategy that is risky if you are not prepared to acquire the stock at the strike price you sell at on the expiration date. You must make your own decisions as you will bear the risks associated with any trades you place. To sum it up, trading is risky, and do so at your own risk.
