MCX
Medley Capital Corporation 6.50% Notes due 2021
stock NYSE

Guys looking to start Forex trading with 20-30k budget , so which app is geniune to trade commodities like crude, gold and silver along with crypto futures, as I'm tired of paying higher margin and premiums for options in NSE & MCX, let me know your suggestions

No, I go for rollover with defined SL at 50% increase in option price - else accept loss + rollover if price is still above sell price on expiry. So far this has only happened when I didn’t follow step 4 properly and got greedy (eg: BSE3600PE that gave \~15k loss)
My problem with hedges is that they end up limiting the upside and are only effective if options are held throughout the month.
No hedge + SL gives me ability to close positions which went in my favor rather quickly due to underlying stock price movement.
Tried hedging with INFY. You can see it was less risky but the RoI was over 30 days - non hedges like in BSE and MCX give me ability to monetise on quick price actions that go in my favor.

My general strategy is theta squeezing on equity derivates by selling options which go against the trend:

1. I prefer to accumulate bluechip monopoly stocks. My portfolio includes majorly of BSE, MCX and KFintech. The stocks don't need to be monopolies but the type you are bullish in the long run on. There is also a good mix of Goldcase, Silvercase, Liquidcase and some high div stocks like Coal India in the mix (purely for pledging - no derivative trading on these).
2. Start by buying on dips and accumulating 25% of a lot through dips. In this process, I get a sense of various resistances, supports and intraday behaviour of the stocks I intend to trade derivatives on.
3. Once significant stocks have been accumulated (enough to get 2x of margin needed to take delivery of 1 lot of the stock you wish to trade derivates for), pledge them.
4. In the first week of every month look for stocks in your portfolio which have either:
* Dipped below the "max pain" of that month's derivatives by 2 option strikes: Sell puts which are 3 strikes lower than current price. I prefer the put-call-ratio to be between 0.5 to 0.7 while entering the trade.
* Risen above the "max pain" of that month's derivatives by 2 option strikes: Sell calls 3 strikes above from current price. I prefer the put-call-ratio to be between 1.1 to 1.2 while entering the trade. I usually avoid selling calls as I believe that in the long run, stocks tend to go up, and selling calls contradicts the selection criteria of the stocks to begin with.
* If the stock is at max pain (+- 1 strike price) and has put-call-ration between 0.75 to 1 or so, then I prefer to buy a FUT + sell call (3 - 4 strikes away). Though I now think it might be better to just buy the stock instead in such scenarios. This part is something I am still unsure of.

5. Square off your position if sold option has lost 50% of it's value 15 days before expiry. Rollover if you fail. DO NOT ATTEMPT DELIVERY. I LEARNT THIS THE HARD WAY.
6. 30% of the profits generated should go to Liquidcase, 30% to gold and silver, remaining to be used for step 1 (or third scenario in step 4).
So far this setup is working well for me. Happy to know thoughts on improving this.
P.S.: None of this is investment advice, I am not a pro or a licensed advisor.
Verified PnL link: [https://console.zerodha.com/verified/d9871799](https://console.zerodha.com/verified/d9871799)

Dhan vs Groww for F&O/active trading:
- **Costs**: basically identical — both ₹20/order on F&O. Only real gap is equity delivery (Dhan ₹0 vs Groww ₹20/0.1%), which won't matter much if you're mainly trading derivatives.
- **Tools**: Dhan wins clearly — native TradingView charts, real-time option chain with Greeks/IV/Max Pain, strategy builder, and a free trading API for algo/webhook use. Groww is more manual/basic, no bracket orders.
- **Reliability**: mixed bag both sides. Groww had a SEBI-settled outage (₹34L fine) after a 2024 glitch locked users out with zero backup support. Dhan gets recurring complaints about stop-loss misfires and connectivity drops during volatile sessions.
- **Segments**: Groww doesn't support commodities or currency derivatives at all — Dhan does (though not currency). If you trade MCX, Groww's out regardless.
- **Positioning**: Groww = investor-first app that added trading; Dhan = trader-first app built around execution speed and analytics. Scale differs a lot too — Groww has ~10x Dhan's active client base.
TL;DR: for casual equity/MF investing, Groww's simplicity is fine. For active F&O/options trading, Dhan's tooling is the better fit — just budget for occasional platform hiccups either way.

MCX?

MCX seems to have faster recovery than bse while bse will steadily climb back to top?
What are your takes on both of stocks?

Guys looking to start Forex trading with 20-30k budget , so which app is geniune to trade commodities like crude, gold and silver along with crypto futures, as I'm tired of paying higher margin and premiums for options in NSE & MCX, let me know your suggestions

No, I go for rollover with defined SL at 50% increase in option price - else accept loss + rollover if price is still above sell price on expiry. So far this has only happened when I didn’t follow step 4 properly and got greedy (eg: BSE3600PE that gave \~15k loss)
My problem with hedges is that they end up limiting the upside and are only effective if options are held throughout the month.
No hedge + SL gives me ability to close positions which went in my favor rather quickly due to underlying stock price movement.
Tried hedging with INFY. You can see it was less risky but the RoI was over 30 days - non hedges like in BSE and MCX give me ability to monetise on quick price actions that go in my favor.

My general strategy is theta squeezing on equity derivates by selling options which go against the trend:

1. I prefer to accumulate bluechip monopoly stocks. My portfolio includes majorly of BSE, MCX and KFintech. The stocks don't need to be monopolies but the type you are bullish in the long run on. There is also a good mix of Goldcase, Silvercase, Liquidcase and some high div stocks like Coal India in the mix (purely for pledging - no derivative trading on these).
2. Start by buying on dips and accumulating 25% of a lot through dips. In this process, I get a sense of various resistances, supports and intraday behaviour of the stocks I intend to trade derivatives on.
3. Once significant stocks have been accumulated (enough to get 2x of margin needed to take delivery of 1 lot of the stock you wish to trade derivates for), pledge them.
4. In the first week of every month look for stocks in your portfolio which have either:
* Dipped below the "max pain" of that month's derivatives by 2 option strikes: Sell puts which are 3 strikes lower than current price. I prefer the put-call-ratio to be between 0.5 to 0.7 while entering the trade.
* Risen above the "max pain" of that month's derivatives by 2 option strikes: Sell calls 3 strikes above from current price. I prefer the put-call-ratio to be between 1.1 to 1.2 while entering the trade. I usually avoid selling calls as I believe that in the long run, stocks tend to go up, and selling calls contradicts the selection criteria of the stocks to begin with.
* If the stock is at max pain (+- 1 strike price) and has put-call-ration between 0.75 to 1 or so, then I prefer to buy a FUT + sell call (3 - 4 strikes away). Though I now think it might be better to just buy the stock instead in such scenarios. This part is something I am still unsure of.

5. Square off your position if sold option has lost 50% of it's value 15 days before expiry. Rollover if you fail. DO NOT ATTEMPT DELIVERY. I LEARNT THIS THE HARD WAY.
6. 30% of the profits generated should go to Liquidcase, 30% to gold and silver, remaining to be used for step 1 (or third scenario in step 4).
So far this setup is working well for me. Happy to know thoughts on improving this.
P.S.: None of this is investment advice, I am not a pro or a licensed advisor.
Verified PnL link: [https://console.zerodha.com/verified/d9871799](https://console.zerodha.com/verified/d9871799)

Dhan vs Groww for F&O/active trading:
- **Costs**: basically identical — both ₹20/order on F&O. Only real gap is equity delivery (Dhan ₹0 vs Groww ₹20/0.1%), which won't matter much if you're mainly trading derivatives.
- **Tools**: Dhan wins clearly — native TradingView charts, real-time option chain with Greeks/IV/Max Pain, strategy builder, and a free trading API for algo/webhook use. Groww is more manual/basic, no bracket orders.
- **Reliability**: mixed bag both sides. Groww had a SEBI-settled outage (₹34L fine) after a 2024 glitch locked users out with zero backup support. Dhan gets recurring complaints about stop-loss misfires and connectivity drops during volatile sessions.
- **Segments**: Groww doesn't support commodities or currency derivatives at all — Dhan does (though not currency). If you trade MCX, Groww's out regardless.
- **Positioning**: Groww = investor-first app that added trading; Dhan = trader-first app built around execution speed and analytics. Scale differs a lot too — Groww has ~10x Dhan's active client base.
TL;DR: for casual equity/MF investing, Groww's simplicity is fine. For active F&O/options trading, Dhan's tooling is the better fit — just budget for occasional platform hiccups either way.

MCX?

MCX seems to have faster recovery than bse while bse will steadily climb back to top?
What are your takes on both of stocks?