In his speech today at a public meeting in Karur, Chief Minister Vijay strongly declared that if anyone, whosoever it may be, asks for a bribe, people should firmly refuse it, assuring them that they have the full support of the Chief Minister of the state on their side.
I see this speech going viral.
As I have been saying, Chief Minister Vijay’s intention to eliminate corruption in Tamil Nadu seems genuine.
With this direct encouragement and assurance he is providing to the public, there is definitely a strong possibility of eliminating corruption in the years to come.
The public and the state need to work together on this.
A corruption free society will be a prosperous society.
MGR was a mass leader. By that, I mean he enjoyed broad acceptance among people of all religions and castes. The trust factor was very high, and few suspected him of bias.
In any society-and especially in a fractured one like India- such widespread, unbiased appeal is rare.
After MGR, Chief Minister Vijay is the one who has earned similar acceptance. This gives him significant political capital, which is why I believe he has the potential to drive the changes Tamil Nadu needs.
🚨Tamil Nadu’s goal of becoming a $1.5-trillion economy(CM Vijay's dream too) by 2036 could face a setback if the proposed greenfield airport at Parandur is delayed, industry leaders and former bureaucrats said..#Parandur#Chennai ✈️ https://t.co/pegwNJC1gC
Few years ago, a minister in Singapore accepted gifts equivalent to roughly US $300,000 (in today's Indian rupees, close to Rs.3 crores). The entire Rs.3 crores was what he accepted totally during 7 years.
The gifts included tickets to Singapore Formula 1 Grand Prix, premium bottles of whiskey, wine, golf clubs and a luxury Brompton bicycle.
On investigation, he was dismissed from the cabinet. Was jailed for one year. Rs.3 crores worth of Singapore dollars was confiscated from his wealth.
And the Government of Singapore even seized and took back the luxury Brompton bicycle from his home.
Most traders look at option selling as a “decay game” but intraday reality is far more dynamic. Short straddles are not just about theta decay.
They are about Managing volatility before capturing decay. If you can survive the spikes, the decay will take care of the profits.
A straddle might:
Open at ₹300
Decay to ₹100 by EOD
But in between, spike to ₹450
And even drop to ₹80 before settling
To study the intraday Straddle Behavior on expiry days created a simple analytical portal using @claudeai code
🔍 Tracks Intraday Straddle Behavior
Captures ATM straddle at 9:16 AM
Note down what strike it is, Dynamically tracks premium movement throughout the day
Monitors CE + PE combined premium
📈 Measures Key Metrics
Straddle High (Max Pain for seller)
Straddle Low (Max Profit zone)
EOD Close
Total Intraday Range
📊 Calculates Risk in Real Term
% move from open → intraday high
% move from open → intraday low
Using these observations, you can create a rules-based Short Straddle System:
🎯 Entry
Sell ATM straddle at 9:16 AM
🛑 Stop Loss = % of combined premium
Based on historical data
Example:
If avg spike = ~30%
Set SL = 35% of combined premium
Either:Stop loss hit ❌
Or hold till EOD decay ✅
Instead of directly jumping into backtest portals and playing with parameters, its wise to analyse/observe market behviour and based on its statistical evidence we can create a strategy. This is one simple example of how to use ai efficiently in designing a simple system. We can add more layers to it and make it more robust.
Short volatility is not about being right on direction. It is about being right on stability. If price stays contained, time becomes your edge.
"Nifty just moved 300 points today, easy money."
Only people who did not trade today, will say this.
Here's what actually happened intraday:
📈 +193 pts rally (0.83%)
📉 −132 pts drop (0.56%)
📉 −173 pts flush (0.74%)
📈 +230 pts bounce (0.98%)
📉 −90 pts dip (0.38%)
📈 +146 pts push (0.62%)
📉 −106 pts fade (0.45%)
That's roughly 1,070 points of total intraday movement. For a net move of just 300.
This is why expiry days destroy option buyers. Every single swing was big enough to trigger a stop loss. Big enough to make you chase. Big enough to make you revenge trade.
The direction doesn't matter. The volatility is the real game, and it's designed to shake out everyone who trades on emotion. Be it option buyer or option seller, If you survived today without blowing up your account, you did better than most.
Budget will be presented on 1st Feb. Here’s how traders are taxed multiple times 👇
👉 2004 (UPA): STT introduced
↳ Govt exempted LTCG on equities in return
👉2018 (NDA): LTCG tax reintroduced
↳ STT was kept as is
👉2024: STT & capital gains both were hiked
Result: Your post income tax money is taxed on entry (STT) and on profit (CGT) plus there is GST, stamp duty, exchange charges, cess and what not!
This is triple taxation, not reform.
STT was meant to replace LTCG, not coexist forever.
Raise your voices and be heard so that taxes rationalisation happens.
#AbolishSTT
#AbolishLTCG
𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗗𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 must be 𝗥𝗲𝘄𝗮𝗿𝗱𝗲𝗱, 𝗻𝗼𝘁 𝗣𝗲𝗻𝗮𝗹𝗶𝘀𝗲𝗱.
I explained in Parliament how Investment in India remains heavily taxed, and why it needs to change.
@pankaj_delta_ex@Delta_Exchange Suggestion : nifty weekly always opens strikes 1800 points from spot for both sides for trading…stable index like nifty has 8% of strikes both sides to trade likewise have at least 20% from spot for trading crypto options due to extreme volatility
@pankaj_delta_ex@Delta_Exchange Hi @pankaj_delta_ex open strikes in weekly options atleast 15% on both sides as most times less than 5% distance strikes are opened whereas index moves 5% in single day . For eg in Oct 3 bitcoin weekly expiry put side only 5% from spot for put side is available for trading.
@pankaj_delta_ex@Delta_Exchange Suggestion : nifty weekly always opens strikes 1800 points from spot for both sides for trading…stable index like nifty has 8% of strikes both sides to trade likewise have at least 20% from spot for trading crypto options due to extreme volatility
SEBI’s proposal to remove weekly expiry will hurt the entire market ecosystem.
The disruption could mean job losses across desks and firms.
This is the time for the trading community to unite.
✊ Pledge your support here:
https://t.co/QqmPxiN6I3
#SaveWeeklyExpiry