Just a thought : Would it be less risky to trade equal positions in Call and Put. We select such stock which is in Uptrend to Buy Call and another stock in downtrend to Buy a Put! You use whatever parameters u are using to select the stocks but select stocks with opposing trends. Like : Buy Nifty Call and Buy Relaince Put (ofcourse if your parameters have given Buy in Nifty and a Sell in Reliance!!
This may be more true if the stocks are in the same Sector. People use this strategy to do "Pair Trading"!!
This may be more true if the stocks are in the same Sector. People use this strategy to do "Pair Trading"!!