Option buying ko Indian stock market mein “Formula 1 Racing” kaha jata hai. Yahan speed hi sab kuch hai. Agar aapne sahi time par entry li aur sahi time par exit nahi kiya, toh aapka profit loss mein badalne mein sirf kuch minutes lagenge. Retail traders (khaaskar beginners) option buying ki taraf isliye attract hote hain kyunki yahan capital kam lagta hai aur ROI (Return on Investment) unlimited ho sakta hai. Lekin kadwi sachai ye hai ki 90% option buyers apna poora capital zero kar dete hain kyunki wo “Time Decay” (Theta) ke khilaaf lad rahe hote hain.
Is article mein hum koi theoretical gyaan nahi baatenge. Hum seedha us strategy par focus karenge jo intraday mein momentum pakadne ke liye bani hai. Option buyer ke paas market mein rukne ka luxury nahi hai; use market mein ghusna hai, profit cheenna hai, aur bhaag jana hai.
The Core Philosophy: Momentum is God
Option buyer ka sabse bada dushman market ka direction nahi, balki market ka “Rukna” (Consolidation) hai. Agar market side-ways ho gaya, toh aap sahi direction mein hokar bhi paisa lose kar denge. Isliye, best strategy wahi hai jo high momentum breakout ko capture kare.
Humein wo points dhoondhne hain jahan price “Blast” hone wala ho. Ise “Gamma Blast” ya momentum burst kehte hain. Jab price tezi se badhta hai, toh option premiums (khaaskar ATM aur ITM) rocket ki tarah badhte hain.
| Factor | Critical Rule |
| Time Horizon | Option buying trades should ideally last between 5 to 15 minutes max; holding longer kills premium. |
| Direction | Never trade against the trend; option buyers need the wind (trend) at their back to win. |
| Momentum | Enter only when there is a volume spike; low volume buying is a trap for buyers. |
The 5-Minute “Inside Candle” Breakout Strategy
Ye strategy Nifty aur Bank Nifty mein intraday trading ke liye sabse powerful maani jati hai. Logic simple hai: Market mein “Compression” ke baad hi “Expansion” aata hai. Inside candle wo compression hai.
Jab ek badi candle (Mother Candle) ke andar ek choti candle (Baby Candle) ban jati hai, iska matlab hai market confusion mode mein hai aur energy store kar raha hai. Jaise hi Mother Candle ka High ya Low toot-ta hai, ek zabardast move aata hai jo option premiums ko 20-30% tak spike kar deta hai.
Setup Rules:
- Timeframe: 5 Minutes.
- Condition: Ek Mother Candle bane, aur agli candle poori tarah uske High aur Low ke beech mein ho.
- Entry: Jis taraf bhi Baby Candle break kare (Mother candle range ke bahar), wahan entry lein.
Selecting the Right Strike Price (The Delta Logic)
Aapki strategy kitni bhi achi ho, agar aapne galat Strike Price select kiya, toh paisa nahi banega. Beginners aksar “Sasta Option” (Deep OTM) khareedte hain ye sochkar ki ₹20 wala premium ₹100 ho jayega. Ye gambling hai.
Intraday mein aapko kam se kam 0.5 ya 0.6 Delta chahiye. Iska matlab agar Index 100 point move kare, toh aapka option kam se kam 50-60 point move karna chahiye. Isliye hamesha “In The Money” (ITM) ya “At The Money” (ATM) mein hi kaam karein. OTM options mein Delta kam hota hai aur Theta decay zyada hota hai.
| Strike Type | Why It Matters |
| Deep OTM | Strictly avoid; low Delta means price won’t move even if the market moves in your favor. |
| ATM (At The Money) | Best balance of liquidity and movement; recommended for most breakout trades. |
| ITM (In The Money) | High Delta (fast movement) but requires higher capital; best for capturing sharp spikes. |
Confirmation with VWAP and RSI
Sirf price action par trade lena kabhi-kabhi risky ho sakta hai (Fake Breakouts). Isliye humein ek “Filter” chahiye. VWAP (Volume Weighted Average Price) institutional activity ka footprint hai.
Agar price VWAP ke upar hai aur Inside Candle ka breakout upside mein ho raha hai, toh ye “Double Confirmation” hai. Iska matlab hai ki buyers control mein hain aur average price ke upar khareedne ko taiyaar hain. Saath hi, RSI (Relative Strength Index) ko check karein. Agar RSI 60 ke upar hai, toh momentum strong hai.
Agar price VWAP ke neeche hai aur breakout upar ki taraf aa raha hai, toh wo trade avoid karein. Wo “Bull Trap” ho sakta hai.
Stop Loss and Trailing: The Survival Kit
Option selling mein aap stop loss ko thoda breathing room de sakte hain, lekin option buying mein nahi. Yahan “System Stop Loss” lagana mandatory hai. Agar trade aapke against 10-15 point chala gaya, toh umeed mat lagayein ki wapas aayega. Turant kaat dein.
Option buying mein targets fix nahi hote. Market kabhi 50 point dega, kabhi 200 point. Isliye “Trailing Stop Loss” ka use karein. Jaise hi option price 20 point badhe, apne SL ko cost-to-cost le aayen. Isse aapka risk zero ho jayega.
| Risk Parameter | Execution Discipline |
| Stop Loss Rule | Place SL at the low of the breakout candle or max 10% of premium; never average a losing trade. |
| Profit Booking | Book 70% quantity at 1:2 risk-reward; trail the rest to capture big trending moves. |
| Overtrading | Limit yourself to 2-3 trades a day; overtrading leads to brokerage eating up your profits. |
The Psychology of Fear and Greed
Option buyer ki psychology option seller se bilkul alag hoti hai. Seller shanti se baithta hai, buyer ko hamesha anxiety rehti hai. Jab screen par profit dikhta hai, toh darr lagta hai ki kahin chala na jaye, aur hum jaldi exit kar dete hain. Aur jab loss dikhta hai, toh hum wait karte hain.
Ise sudharna hoga. “Cut your losses fast and let your winners run.” Jab momentum aapke saath ho, toh darr ko side mein rakhein. Market volatility se mat dariye, volatility hi aapki dost hai. Shanti se baithne ka kaam investor ka hai, aapka kaam hai “Sniper” ki tarah mauke ka intezaar karna aur trigger dabana.
Frequently Asked Questions
1. Which timeframe is best for intraday option buying?
Option buying ke liye 5-minute aur 15-minute timeframes sabse best maane jate hain. 1-minute timeframe bohot zyada noise aur false signals deta hai, jabki 1-hour timeframe bohot slow hota hai aur stop loss bada ho jata hai. 5-minute chart par entry aur exit plan karna ideal hai.
2. Should I buy Call or Put options on Expiry Day?
Expiry day (Thursday/Wednesday) par option buying “Hero or Zero” jaisi hoti hai. Is din Gamma effect ki wajah se premiums bohot tezi se badhte aur girte hain. Beginners ko expiry day par next week ki expiry mein trade karna chahiye taaki Theta decay ka asar kam ho aur capital safe rahe.
3. How much capital is required to start option buying?
Aap ₹5,000 – ₹10,000 se bhi option buying start kar sakte hain (ek lot Nifty/Bank Nifty). Lekin, safe trading ke liye kam se kam ₹25,000 – ₹50,000 ka capital hona chahiye taaki aap drawdowns (lagatar losses) ko bardasht kar sakein aur market se bahar na hon.
4. What is the best time to trade options intraday?
Option buying ke liye best time subah 9:15 AM se 10:30 AM aur dopehar 1:30 PM se 3:00 PM hota hai. In periods mein volatility aur momentum sabse zyada hota hai. 11:00 AM se 1:00 PM ke beech market aksar side-ways rehta hai, jahan option buyers ka premium time decay mein chala jata hai.
5. Why do I lose money even if the market moves in my direction?
Iska kaaran hai “Time Decay” (Theta) aur “IV Crush” (Implied Volatility girna). Agar aapne OTM option khareeda hai aur market dheere-dheere upar ja raha hai, toh premium nahi badhega. Isse bachne ke liye hamesha ITM (In The Money) options khareedein jinka Delta high hota hai.