1️⃣ Current Trading Method

Simple and clean

  • Position Size : Maximum 3 lots per Bull Put Spread.
  • Lot Premium : Premium received per lot 4k-5K.
  • Entry : Enter only when RSI is between 30–39.
  • Averaging : Average only when option premium reaches 2.5Γ— the original premium using 3 additional lots.
  • Average Exit : Exit the averaging position after capturing 50–60% profit. Continue holding the original position.
  • Profit Booking : Exit profitable positions during the 2nd last week before expiry.
  • Fallback Exit : If not exited, close in the expiry week (latest by Thursday).
  • New Positions : Open fresh positions only in the last week of the expiry cycle.
  • Roll Over : Roll over only loss-making positions with the same strike and same 3 lots. Close the old position before opening the new one.
  • Event Filter : Avoid taking positions before major events (Results, RBI Policy, Budget, etc.).
  • Incremental Position Size : Increment the postion size by 3 lots for every 10 lakh made. Check wealth roadmap for this timeline.

2️⃣ Safety-First BPS Framework

Market Environment Checks

  • Prefer neutral to mildly bullish market structure
  • Avoid strong downtrends
  • Prefer elevated IV percentile environments
  • Prefer setups after panic moves for theta decay + IV crush advantage
  • Avoid major event risk / binary events
  • Prefer stable large-cap stocks with strong liquidity and institutional participation

OI / Support Checks

  • Identify strongest institutional Put OI support zones
  • Ensure Put OI support is stable or building
  • Avoid aggressive Put OI unwinding
  • Choose short strikes ONLY below strong institutional Put OI support zones

Short Put Selection Rules

  • Prioritize survivability over premium collection
  • Preferred short put delta range :0.15–0.22
  • Prefer far OTM strikes
  • Maintain 5–8% safety buffer from spot during high IV conditions
  • Avoid aggressive directional positioning

Hedge (Long Put) Selection Rules

  • Buy further OTM protective put
  • Preferred hedge delta range : 0.03–0.10
  • Hedge exists for :
    • tail-risk protection
    • defined risk
    • margin reduction
  • Keep spread width controlled and reasonable

Greeks Filters

  • Prefer very low gamma
  • Prefer positive theta
  • Prefer negative vega when possible
  • Avoid setups where gamma expands rapidly
  • Avoid short strikes where delta may quickly exceed 0.30

POP & Probability Rules

  • Prefer high probability setups
  • Target POP :preferably > 70%
  • Favor consistency over high reward

Entry Rules

  • Enter only when :
    • price remains above support
    • institutional Put support remains intact
    • delta is within preferred range
    • gamma remains controlled
    • IV environment is favorable
  • Focus on entry quality to minimize future adjustments
  • Use controlled/small position sizing
  • Max loss per Investment should remain manageable

Exit & Profit Booking Rules

  • Book profits at :
    • 50–60% of maximum profit
  • Do NOT hold till expiry unnecessarily
  • Prioritize smooth equity curve over maximizing final decay

Defensive / Exit Triggers

  • Exit or defend if :
    • short put delta expands above 0.30
    • major support breaks
    • Put OI unwinds aggressively
    • downside momentum accelerates
    • IV expands sharply during downside move

Core Philosophy

  • Capital preservation first
  • Minimize adjustments
  • Prefer high survivability setups
  • Accept lower reward for higher consistency
  • Focus on low-stress premium collection
  • Build smooth long-term compounding rather than aggressive returns

3️⃣ New Trade Analysis Prompt

Prompt

Analyse the attached option-chain and Greeks screenshots for this stock and determine the SAFEST professional Bull Put Spread strategy based on my saved safety-first framework.Focus on :* strongest Put OI support * conservative delta selection * low gamma risk * high probability setup * minimal adjustment probability* capital preservation over premiumShare :1. Best strike to sell and why 2. Best strike to buy and why 3. POP 4. Max profit 5. Max loss 6. Risk-reward 7. Greeks analysis 8. OI analysis9. Exit/defensive trigger levels10. Final recommendation :* Aggressive * Balanced * Conservative * Ultra Conservative provide me a tabular output always - Strikes to buy and sell Max loss and Profit

4️⃣ Existing Trade Analysis

Prompt to analyze my existing BPS

I have shared screenshot(s) of an existing Bull Put Spread position along with option chain / Greeks data.Act as a professional options risk manager and analyze the position using my saved conservative Bull Put Spread framework focused on :* capital preservation * high probability * low gamma risk * minimal adjustments * strong OI support* conservative delta managementPlease determine whether the position currently falls under :1. Healthy Pullback (Usually Safe) 2. Pressure Zone (Monitor Closely)3. Structural Breakdown (Danger)From the screenshots, extract and analyze :* underlying stock price * sold put strike and bought put strike * short-leg Greeks (Delta, Gamma, Theta, Vega) * IV / IV percentile (if visible) * Put OI support zones * Put writing / unwinding activity * distance from support * trend strength and momentum * days to expiry * probability of recovery * gamma risk escalation* whether theta can still help recoveryThen provide :1. Current trade classification (Healthy Pullback / Pressure Zone / Structural Breakdown) 2. Why the trade falls into that category 3. Whether the current support structure is still safe4. Whether the trade can still recover naturally5. Whether to :* hold * reduce position * roll down-and-out * hedge temporarily * convert to Iron Condor * or exit 6. Safest professional action according to my conservative framework 7. Exact adjustment plan if adjustment is required8. Key warning signs to monitor nextImportant :* prioritize survivability over aggressive premium collection * avoid emotional adjustments * focus on probability, Greeks, OI structure, and risk control * if no adjustment is needed, clearly explain why patience is better

5️⃣ Support & Probability Analysis

Prompt to analyze till where can the stock fall

Analyse the attached option-chain, Greeks, OI and chart screenshots for this stock using my saved Safety-First Bull Put Spread Framework.Perform ALL of the following :1. Delta Probability Analysis * Probability of expiring above short strike * Probability of expiring below short strike * Probability of touching short strike before expiry 2. IV / Standard Deviation Analysis * Expected move * 1Οƒ range * 2Οƒ range * Probability of breach 3. Institutional Support Analysis * Strongest Put OI support * OI additions/unwinding * Support ladder * Institutional defence zones 4. Market Structure Analysis * PCR * Max Pain * OI Buildup * Bullish/Bearish assessment5. Framework ValidationCheck :* Short Delta 0.15–0.22 * Strong Put OI support * High probability setup * Low Gamma risk * Capital preservation * Low adjustment probability6. Probability TableProvide probabilities for :* Expire above short strike * Expire below short strike * Touch short strike * Break major support * Max profit outcome7. Trade RecommendationRank :πŸ₯‡ Best Bull Put Spread πŸ₯ˆ Second BestπŸ₯‰ Aggressive AlternativeProvide :* Short strike * Long strike * Credit * Risk * Why it is selected Prioritize survivability, institutional support, low adjustment probability and capital preservation over premium collection.