Do traders same Nifty option same din khareedte hain. Ek ₹90 deta hai; doosra, ek hafte baad, usi strike ke liye ₹150 deta hai. Farak stock price nahi hai. Yeh implied volatility hai, aur ise na samajhna hi woh tarika hai jisse beginners un trades pe paisa haarte hain jo unhone sahi ki.
Implied volatility actually kya hai
Implied volatility, ya IV, market ka andaaza hai ki underlying future mein kitna hilega. Kis direction mein nahi, bas kitna. Ise aise socho ki market kitna drama expect kar raha hai.
Simple rule yeh hai: zyada expected drama matlab zyada mehnge options. Jab sab ek bade move ki ummeed karte hain (ek election result, ek company ke earnings, ek budget), woh options khareedne daudte hain, aur woh demand premiums upar push karti hai. Jab market shaant expect karta hai, options saste hote hain. IV bas wahi expectation hai, ek number ke roop mein premium mein baki hui.
Yeh teesri cheez hai jo option ki price hilaati hai, underlying aur time ke saath. Aapka option sirf isliye badh sakta hai ki IV badhi, chahe stock na hila, aur sirf isliye gir sakta hai ki IV giri, chahe aap direction pe sahi the.
IV crush: woh chupa tarika jisse beginners haarte hain
Yahin yeh chubhta hai. IV ek jagah nahi rehti: woh ek bade known event se pehle build hoti hai aur theek baad mein collapse ho jaati hai. Us collapse ko IV crush kehte hain.
Ek stock ki kalpana karo jo quarterly results announce karne wala hai. Pehle ke dino mein, sab ek bade move ki ummeed karte hain, toh IV high hai aur options mehnge. Aap ek call khareedte ho, achhe results ki ummeed mein. Results aate hain, theek-thaak hain, stock thoda upar jaata hai. Aap sahi the. Par aapka option paisa khota hai. Kyun? Kyunki jis pal results bahar hain, uncertainty khatam, IV collapse, aur jo inflated premium aapne pay kiya woh uske saath deflate ho jaata hai. Jis drame ke liye aapne pay kiya woh ho chuka, toh market ab uske liye pay nahi karega.
Yeh options ka sabse cruel sabak hai: aap direction pe sahi ho kar bhi haar sakte ho, kyunki aapne us volatility ke liye overpay kiya jo phir gayab ho gayi. Beginners ismein lagataar girte hain, results ya bade events se theek pehle options khareedte hue, jab IV apne sabse mehnge pe hai.
Iske baare mein kya kare
Jaano kab IV high hai. Ek known event se pehle, results, RBI policy, ek bada announcement, options ek wajah se mehnge hote hain. Agar aap tab khareedo, toh aapko ek bada move chahiye sirf us IV crush ko overcome karne ke liye jo baad mein aati hai. Kayi experienced traders in events mein options khareedne se bachte hain theek isi liye.
Sasta hamesha sasta nahi, aur mehnga hamesha mehnga nahi. Ek shaant daur mein "high" premium ek fair price ho sakta hai; wahi premium earnings se pehle us IV se inflated ho sakta hai jo gayab hone wali hai. Akela number aapko nahi batata.
Ise chase se jodo. Jab ek stock already violently hil raha hai aur aap andar daudte ho, IV aksar spike kar rahi hoti hai, toh aap sabse bure moment pe inflated premium pay kar rahe ho. Yeh us baat ka hissa hai ki kyun ek move chase karna (FOMO) overpay karta hai: aap ek bura price aur inflated volatility dono khareed rahe ho.
IV option premium ka woh hissa hai jo beginners ko kabhi aata nahi dikhta. Mehsoos karna seekho ki yeh kab high hai, aur aap un trades pe haarna band kar doge jo aapne actually sahi ki.
SubTrades aapke tradebook ko padh kar woh trades dikhata hai jahan aap direction pe sahi the par phir bhi haare, har options trade ka asli nateeja. Psychological patterns ka auto-detection. Apni Zerodha, Dhan, Upstox, ya Angel One trades import karo aur day one pe dekho. Founding beta ke dauraan free.