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Trader’s Edge | Two brothers make a killing in the market with a simple options strategy

The simple strategy can earn you money but you also need to be wary of risks. It is better to keep your position hedged.

January 25, 2023 / 07:39 PM IST
Paresh Gada(Left) and Hasmukh Gada (Right) did not know even the basics of stock trading but after learning the ropes they are now making good money.

Paresh Gada(Left) and Hasmukh Gada (Right) did not know even the basics of stock trading but after learning the ropes they are now making good money.

For many traders, the market is like a temple. Similar to how each devotee has different reasons to come to a temple, each trader has a different driving force that brings him to the market. For Hasmukh Gada (@iamhasu) and Paresh Gada (@pareshgada) – Mumbai-based brother duo – it was boredom handling their family business.

About four years ago, these two businessmen didn't even knew the basics of stock trading but after learning the ropes they are now generating good supplementary income for themselves. However, they deny that becoming experts and believe that their learning phase is still ongoing.

Gada brothers prefer option selling using various strategies with a target to generate at least 2 percent profit each month. They said they have generated 36 percent returns from their trade in the first nine months of FY23.

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