[00:05] when I was in school I was very fascinated about lottery ticket there was one particular lottery ticket which I used to buy very regularly on weekly basis I'm from a small town from the coastal part of Karnataka and there was
[00:17] a particular Goa state lottery ticket which was very famous because it had a pricee money of 5 lakh rupees plus maruti car during that time 5 lakh was a very big amount and also it had a prize money as a maruti 800 and when I was in
[00:32] school we did not have any vehicle at my home we did not have even a bicycle at home so I was thinking that if I win that lottery ticket I will get a maruti 800 and same time I'll get a cash price of 5 lakhs I started buying lottery
[00:46] ticket every week it went on for months and months and finally I stopped buying lottery ticket because I was so frustrated that I was not winning the buying lottery ticket and wasting my money and finally I stopped buying the
[00:59] lottery ticket last year I was reading in a newspaper one of the auto driver in Kera who bought lottery ticket worth 500 rupees and he was richer by 25 crores he won the prize money of 25 crores by buying just one lottery ticket he said
[01:13] in one of the interview that he did not have even 500 Rupees to buy the lottery ticket somehow he borrowed from somebody and he bought that lottery ticket and when the result was announced he was richer by 25 crores and reason I'm
[01:26] telling this story in this video because you can take it as a discl claimer for today's video how to identify Zero to Hero trades in option buying why I said ticket when you buy a lottery ticket you
[01:40] ticket will go waste but same time there are also instances where people have win a prize money huge jackpot they won with the lottery ticket they must have spent 100 rupes 500 rupees for a lottery ticket and they became cor with the
[01:54] lottery same like Zero to Hero option buying it doesn't happen every time that you buy option with a single digit one rupe 2 rupes and it becomes 30 40 rupees it doesn't happen but it can happen sometime just for example yesterday 20th
[02:08] of June it was fin Nifty expiry and 19450 call option which was trading around 2 rupees around 12:00 it went to almost 50 rupees by 330 if you have invested 2,000 Rupees it would have become 50,000 by 330 if somebody
[02:23] invested 2 lakh rupees he would have been Reed by 50 lakhs by 330 yes it is easier set than it doesn't happen very frequently but yes once in a while it can happen if winning a jackpot in a lottery ticket is chance of one in
[02:37] millions but buying Zero to Hero option it's not one in millions it is much better than buying a lottery ticket so another disclaimer is that even though I'm making this video on Zero to Hero option but I myself don't do this I
[02:51] I stopped buying lottery ticket and most of the time I a option seller so this video is only for people who believe in z Z to Hero option where they want to invest a small amount and want to make a
[03:04] big amount because whenever they lose they lose small amount but if they hit and also most of the option buyers they lose money because they buy this kind of cheap options expecting that it becomes
[03:16] 10 times 20 times 30 times but most of the time they lose the money because they buy at random places without having any knowledge they don't know when to buy where to buy and they randomly buy it and they lose money so that is why
[03:28] I'm making this video instead of buying at the random places I'll show you on the chart where all you can buy it where probability is slightly higher compared to buying at the random places buying at the right place right location slightly
[03:42] probability can be higher side so that next time when you see this kind of disclaimer most of the time you see that such option become zero so before even prepared that it is going to become zero most of the time but sometimes if you
[03:57] are lucky then such times such option can become a jackpot where one rupe 2 rupe option can become 20 rupees 30 rupees in no time and you can make a big profit but before jumping into the chart let us discuss why it happens what is
[04:10] the reason that it it happens because of the one option Greek called option gamma there are total five options Greeks Delta gamma Theta Vega and row row is not that much important so let's not discuss about row let us discuss about
[04:24] if you know option then you know the option Greeks also but for people who are very new to option for them just I'll explain briefly what is this option Greek so first I'll discuss Vega Vega is nothing but volatility it is good for
[04:39] option sellers when volatility High it is good for option buyers when volatility low because volatility high mean premium price will be very high volatility low mean premium price will be very low next is Theta that is time
[04:51] Decay it is good for option sellers but it is bad for option buyers next comes it is bad for option buyers next comes Delta Delta and Gamma are in link Delta much your option price will move for a
[05:05] sometimes you see that Nifty went by almost 100 points but your option went by only 20 30 points sometimes you see that Nifty went by 100 points and your option went by 60 70 points so that is what Delta will determine how much your
[05:18] option price will move and now finally we come to the gamma and that is the reason why this kind of option price goes from Zero to Hero and Gamma is very high near to expiry so that's why you see that this kind of option moves from
[05:32] single digit it it goes to 20 30 rupees in no time because of the gamma effect what is difference between Delta and Gamma if suppose you want to travel from Mumbai to Pune by your car you go to your car you sit in your driver's seat
[05:47] and you start the engine will the car start moving just because you started the engine no right car will move only once you press the accelerator same thing gamma if your car is Delta then your accelerator is gamma so that is
[06:01] what the difference between Delta and Gamma now let us go to the chart and now let me discuss much detail along with the charts also I'll discuss which at the money out of the money in the money everything I'm going to discuss
[06:15] along with the charts okay guys now I'll discuss few points where you can think discuss few points where you can think about taking Zero to Hero options and first I'll discuss what kind of Market structure can give Zero to Hero
[06:30] opportunities that mean what kind of Market structure total six kind of Market structure I'll discuss which kind of Market structure you can expect Zero to Hero option and next I'll which are the preferred location where you can
[06:44] expect 0o to Hero options that mean where if you take a long or short trade chances of getting a good Zero to Hero options are higher next I'll discuss
[06:56] which are the strike price to choose for Zero to Hero options because many Traders even don't know which options to choose at the money out of the money in the money so that is why I will also show you with the chart which options
[07:10] which strike price if you choose you can get better Zero to Hero options and finally I'll discuss what is the preferred Market time where you can get this kind of movement whether at the opening or mid afternoon or late afterno
[07:28] with my experience I seen seen most of the time 0o to Hero happens on trending day so I hope all of you know what is the trending day trending day either it the trending day trending day either it can be upside or it can be downside
[07:43] having said that trending day now you will now you can say that yes trending day every options will go up so what is the big thing about that so that is what I'll tell you where you have to take the trade for Zero to Hero option see
[07:57] trending day the there are two things happens in trending day one is market closes at the high of the day that mean it goes in the trend and it will never
[08:10] it goes in the trend and it will never reverse another way where Trend reverses at the late afteron late afternoon after 2 230 Trend suddenly reverses one Trend
[08:22] never reverses it keeps going up and closes at 3:30 another one it it closes at 3:30 another one it it reverses at before 3:30 around 2 230 3:00 that mean it will keep going up going up going up and finally at 2:30
[08:35] 3:00 it will reverse that is the one thing happens on the trending day or another one is keep going up keep going up keep going up and 3:30 it closes here it never reverses upside and downside both one is it will never reverses it
[08:52] closes at 3:30 at low of the day another one is it goes goes down and around 2 23 3:00 it it will go like this now you should know that where you have to enter right where whether you have to enter here here here and if you are taking a
[09:07] reversal where you have to enter enter what are the parameters or criteria that I'll show you along with the chart and also remember this have not seen working
[09:19] on Range days so if you don't know what is the range days range days are like this it is not a sideway days sideway days it will be very tight for most part of the time but range days it will be going up comes down goes up comes down
[09:37] that is what the range is such days don't even think about 0 To Hero because I've seen most of the time it doesn't work okay can you see this chart if you can see this chart this is called range day it opened here it went
[09:53] called range day it opened here it went here it went here again It reversed and closed here so this is the range day right it made two ranges and entire day it traded between this range in such days normally you can't see Z to Hero RS
[10:11] okay this is the trending day right you can see here nift opened with a Nifty opened near the 20 ma and it kept on going up kept on going up kept on going up it is true that if you bought call option here if you bought call option
[10:26] here if you bought call option here wherever you bought thought you would have made profit right because it was a pure trending day but we are talking about only Zero to Hero trades right if you ask me this is the candle you can go
[10:41] you ask me this is the candle you can go short that mean instead of following the trend most of the time I have seen around 2 2:30 or 3:00 it breaks the structure what is the structure structure is bullish trending day when
[10:55] candle breaks the 20 ma that means structure broken then you can start buying the put option expecting Market to reverse and make the profit which
[11:07] strike price to choose that I'm going to discuss in some time but just let us remember about the structure of the market where you can take a by the Zero market where you can take a by the Zero to Hero traes okay so one I said against
[11:20] the trend and against the trend if it happens here then I don't like it if it happens here I don't like I like it only l afteron like 2 2:30 3:00 you will see
[11:33] most of the time it revers okay another one reversal can happen on the downside also it is also trending day right it was trending day making a lower highs lower highs lower high lower eyes and finally around 2:00 it made a bullish
[11:50] finally around 2:00 it made a bullish candle and closed above the 20 now yes now if you go and take a call option for 0 To Hero chances of making profit is slightly higher because I said earlier now also I see that say that it is a
[12:07] lottery ticket either it can give you big profit or you can lose lose entire premium so what I'm saying is that after 2 230 see if any candles makes this kind
[12:19] of candle that mean it is in the strong downtrend then candle closing above the 20 you may say that it closed here also why I can't go long this p s only happens late afternoon then High prob if it happens anytime in 12 12:30 1:00 I
[12:37] don't like that I like only when it happens late after okay we have discussed the reversal trades on trending day for Zer to her another one
[12:49] I said going in the direction right going in the direction then where you going in the direction then where you can take for example this is the pure can take for example this is the pure trending there right pure downward now
[13:02] where you will go short you will go short on this C this candle go short on this criteria is how I said criteria in earlier chart how I said criteria that
[13:14] candle has to be bullish preferably power candle if you don't know what is power candle I made a video on three entry technique in scalping there I discussed about the power candle power candle is candle without any Wick or
[13:29] candle is candle without any Wick or very very small weeks right here power candle has to break some important support here which support it has broken support here which support it has broken it has broken the swing low and d low
[13:43] right it has broken the swing low and d slow and just look at the candle size after the opening this is the only candle which opening this is the only candle which looks like a pure power candle right so
[13:56] this is the candle you can go short this is the candle you can go and buy put is the candle you can go and buy put option for zero to here so that's about first point which I discussed which kind of Market structure you can see this
[14:10] of Market structure you can see this kind of zero to here next let us discuss where you can expect locations preferred locations for Z to Z and preferred location for that you have to go to daily time this is the yesterday's chart
[14:25] okay this is the yesterday chart this is the bank Nifty chart if you remember yesterday 20th of June Bank Nifty started breaking the previous day low and then came here and then made a sudden reversal right and if you go to
[14:42] daily time frame you can see that there were many supports here there were many supports here and exactly that is where it took the support if you see on daily time frame any important support resistance swing High swing low or
[14:57] especially gaps gaps also I have seen working very well for Z to Hero trades working very well for Z to Hero trades then you can go for Z to Hero if it is taking support then maybe buying a call option if it is taking resistance then
[15:13] you can go for a good option another thing is that here you don't have to wait for late afternoon okay it can happen in the mid afternoon also this is where Bank Nifty took the support yesterday and made a big all right and
[15:27] remember yesterday it was fin Nifty expiry not Bank Nifty expiry but fin Nifty most of the time follows Bank Nifty so Bank Nifty took the support and started going up fin Nifty also started going this is the fin Nifty chart fin
[15:43] Nifty did not have any big support on daily time frame but still it started going up because of the bank if you want to trade in fin Nifty keep Bank Nifty Nifty also more than Nifty I've seen pin Nifty follows bank nift now next will
[15:59] discuss which strike price to choose right you should know which strike price to choose otherwise you will choose some wrong strike and you see that why my option is not moving why I'm not even though Market is going in my direction
[16:14] why I'm not able to make profit for that choosing strike is very important okay look at this yesterday's spin Nifty chart yesterday somewhere here 1:00 fin Nifty started going fin Nifty was trading around 19,35
[16:29] and closed at 19520 or 515 like that so which is the 19520 or 515 like that so which is the in the money the here 19,400 in the in the money the here 19,400 in the money 19450 in the money 19,500 you can
[16:44] say at the money right so when it was trading here around 19,33 340 19,400 was otm 19450 was otm 19 ,500
[17:00] 340 19,400 was otm 19450 was otm 19 ,500 otm only 19,300 was a slightly itm now which strike price to choose if you expected that market will go like this okay either here you went along here wherever you went long which strike
[17:15] price to choose let's go to option this is the 19450 call option which was trading around say I think around 2 rupees it went to almost 50 rupees 2
[17:27] rupees went to 50 rupes right it gave you 25 right it gave you 25 times next let us see next option 19,400 call option which was trading somewhere
[17:41] option which was trading somewhere around 10 Rupees it made closed at2 let us take as a 100 so it gave you how many times 10 times right times 10 times right 19450 call option gave you 25 times
[17:55] 19450 call option gave you 25 times 19,400 call option gave you 10 times and 19,500 call option did not give you anything because it was trading less than one rupe it made a high of 4 rupees and finally closed so it did not made
[18:09] much move 19,500 did not made much move 19450 and 400 gave you big right it was 19450 and 400 gave you big right it was a Zero to Hero because it was in almost a Zero to Hero because it was in almost single digits but 19,4 500 did not give
[18:23] you Z to Hero even though fin Nifty made a big Mo so what it say it says that which strike price you have to choose depends on where you have taken a long
[18:36] depends on where you have taken a long trade had you taken a long trade at 3:00 trade had you taken a long trade at 3:00 or 2:30 2:00 12:00 so if you ask me with my experience I say that you should go for
[18:49] otm okay that is why it is known as 0 To Hero because otm option will be very Hero because otm option will be very less premium will be very less like in you may see that 2 rupees 3 rupees and all this around 2 230 if it is 2 three
[19:04] strike away and Bank Nifty maybe 10 15 rupees like that okay you have to go for rupees like that okay you have to go for otm but same time don't go for otm which otm but same time don't go for otm which is too far don't go for too far otm for
[19:18] example if you bought 19,500 call option and after that it 19,500 call option and after that it went almost 150 points in fin nift but look at this did you make any big profit you did not make profit even
[19:34] though fin Nifty went like that right it was trading say around one rupee and it could give you only up to four rupees only four times and finally it closed only four times and finally it closed around 2.7 but same time 19,400 call
[19:47] option give you almost 10 times 10 Rupees went to 100 rupees and 19450 call option from 2 rupees it went to 50 rupees almost
[19:59] times so my advice is when you want to choose the strike if you are choosing in the Mida afternoon then it is okay even if you go two strikes away that mean if
[20:11] it is trading at 19350 you can go up to 19450 that is true strike away but if you are trading near the market close around 233 o00
[20:24] then my advice is if it is trading at 19,400 go go for only one strike away don't go for two strike three three strike if you go for too far near the
[20:36] market close you know what happens even though Market goes in your direction it will be like this zigzag and you will not make big profit so that mean when Market close the strike whichever whichever you have chosen it has to
[20:50] whichever you have chosen it has to become itm it was a otm when you have taken a cheap option but it has to become itm to make a big profit if you bought otm and it stayed otm only even though Market went because you
[21:04] bought too far otm then you don't make much profit okay even Market goes in your direction so that's what what I suggest is if it is around 11:00 12:00
[21:16] you want to go for otm if you want to go for Zero to Hero you can go up to two strikes away OTF because there only you can get cheaper if you go one strike
[21:28] away you will not get cheaper options but near 2:30 3:00 only go for one strike okay so that is what guys my experience but whatever I observed after
[21:42] back testing I'm sharing it please do your own analysis before taking the trade because as I said most of the time it becomes zero all right now another thing I said if you are going in the trend then wait for some important level
[21:59] to break this is the level you have broke right so what interesting you can see here interesting you can see here it gave you two signals one it gave you signal to go long you bought a call option for 0 To Hero because it met our
[22:17] selection criteria that bullish candle closes about 20 ma after 2 pm but It closes about 20 ma after 2 pm but It reversed so here you lost right when it reversed immediately instead of waiting for option to become
[22:31] zero square off your position and close the trade and what happened here it made a breakout from the day slow and made a power candle this is the power candle without any weeks square off your position with a small loss by selling
[22:45] your call option which you thought it will go like this and take a put option take a put option for 0 to hero and that would have given you big profit now let us see option chart before that where break
[22:59] happened breakout happened near the 43,800 right let us see the option now so 43,500 put option it was a otm right it
[23:11] was a otm what time breakout happened breakout happened around 230 okay and around 230 breakout happened let us see on the option chart and from 4 rupees it
[23:24] went up to 40 rupees 10 times right but can you see 330 where market closed it closed at around one rupe so that mean it went 10 times again reverse so what it went 10 times again reverse so what it says it says that Zero to Hero
[23:39] doesn't mean it will stay hero it can go and become a hero again it can come down and again it can become zero you can see that around 330 it was not much slightly in the money right 43500 slightly in the money
[23:56] but 43,600 put option deep in the money right right 43,500 was slightly in the money but 43,600 deep in the money so that's why
[24:08] it was trading around 10 Rupees and it went up to 100 and 330 it closed at 100 but still even this one also went almost at 100 came to 10 and again it went and
[24:21] at 100 came to 10 and again it went and became 100 it became hero what I suggest is that don't wait for 10 Rupees to become 100 rupes 200 rupees if you see become 100 rupes 200 rupees if you see 10 Rupees becomes 30 rupees or 40 rupees
[24:35] book your profit that itself is a good profit three times four times right and profit three times four times right and this is the 43,700 put option which is much more deep in the MD and you can see that where it closed it was trading
[24:48] around 5 rupees and where it went it went almost 200 it gave you 40 times can you just imagine 5 rupees it was around 5 rupees here it went almost 200 rup why
[25:02] because it was in the money 43,700 put option was in the money so what I said earlier when you enter it then it should be otm slightly one
[25:14] strike away but when market closes it should become deep in the money then only you can expect a huge profit so that's why if you are entering here late afternoon just to go one strike away because it happened at 43,000 ,800
[25:29] around next strike is this one this otm fots you can buy okay don't buy somewhere here here and all this don't buy it here don't go too far so that is
[25:41] buy it here don't go too far so that is how how to choose trke finally I said most of the time where normally happens this 0 to her times like 2 p.m. 2:30
[25:53] this 0 to her times like 2 p.m. 2:30 p.m. and most importantly 3 p.m. this is p.m. and most importantly 3 p.m. this is something you 10 expect 0 To Hero at 300 p.m. sudden move comes in the market so 2: p.m. 2:30 3 p.m. is the most Ideal
[26:07] Time one can expect 0 To Hero 230 doesn't mean that exact 230 sometime it doesn't mean that exact 230 sometime it can be 235 sometime it can be 225 but 3 p.m. I have seen most accurate compared to anything okay guys and that's about
[26:21] today's Zero to Hero trades whatever I have observed with my experience with my back testing I have shared it here if you remember around 6 months back I made a video on the Zero to Hero where I said is it possible to catch such moves I
[26:38] said it is not possible to catch such moves because psychology comes into the role that mean that mean once you see it is going in your direction you'll get confused whether to book profit or hold on to your trades all right and after
[26:50] that I decided let me do some back testing and I started back testing on historical options chart and historical Nifty Bank nift chart and I observed some points where all it can happen and that is what I'm sharing please remember
[27:04] becomes zero so before even buying the option just think like how you buy the lottery ticket before buying lottery ticket you know that you know that most of the time you're not going to win but still you try a luck same thing like
[27:17] Zero to Hero also before buying Zero to Hero options also you should be mentally prepared that it is likely to become zero so that's about today's video on how to identify Zero to Hero option if you want to learn more about day trading
[27:29] then I have day trading webinar which I conduct normally on Saturday Sundays go below this video in the description section and see when is my next day trading webinar in my day trading webinar I discuss almost 25 day trading
[27:41] strategies in Nifty and Bank Nifty and also I have launch a new course that is sculping course that is one minute sculping strategy in Nifty Bank Nifty you can check the details but remember sculping is very difficult one need to
[27:54] have some experience as a day trader and also it is only for discipline Trader so buying the sculping course so that's it guys about today's video about how to identify zer2 hero options I hope you have likeed this video if you are new to
[28:08] my YouTube channel then go below this video and hit that subscribe button I'll see you soon with a new video Until then bye and take care