November 4, 2018

Manish Dewan: An option seller with a quiver full of trading strategies

Option selling is considered a big boys game and it surely is given the margin required to sell one. Retail traders generally do not like to sell options due to the margin requirement but also because of the myth that option selling entails unlimited risk. But risk management is the key to success in any form of trading. No wonder then the option sellers are level headed and successful.

Even in the elite club of option sellers, most traders stick to a limited number of non-directional strategies. They stick to those with a high probability of success. They are happily taking the singles with higher frequency rather than aiming for the fences.

Manish Dewan can be considered the all-rounder of option sellers. He is as comfortable taking directional trades as he is in taking non-directional ones. He is equally at comfort trading a strangle or straddle as he is creating credit and debit spreads or attempting the more exotic ones like a Jade Lizard.


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