I was asking about Stop loss, not profit booking.
1. Anyway, what do you mean by price above 200?
2. Did you know that if IV jumped even by a mere 5%, 5-7 days of profit can be wiped out even if nifty was in that middle range?
Anyway, I've mentioned here and in some posts earlier, most retail traders do not have the capital required to write options given its risks. Ideally they're written very early.
Thread for selling options is now a frequent topic here.