Option selling

It would fall substantially on 9th ...tomo likely gonna be choppy ....with quarterly results domestically n edgy in US

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I Think we are going to know election result after Indian markets closes tomorrow.
So I will try to sell options on 10th Nov, after market settles.

One may get guestimate of election results, tomorrow during NSE trading time.

Could not dare to sell any option.
will try tomorrow.

Can you share your strategy on how you plan to sell options?

Short Straddle and Short Strangles are High Probability of Profit Trades but they are the most dangerous strategies of all time in history of options.
One should be aware of Vega and Gama Risk to manage risk properly.

Any strategy works in option provided you know to control delta. You should know how greeks in options work

Travi
My strategy is simple.
1. If market is bullish sell ATM put and if bearish sell ATM call for intra.
2. If positional sell call/put with highest OI.
3. sl 2-3% of margin money
Stay away when markets are highly volatile.

If not comfortable in selling then buy 200 points ITM Strike options

Lets start selling tomorrow if conditions are favorable!

If one can figure out when market is bullish or bearish he can make unlimited money by simply buying or selling future.

when you know market is whether bullish or bearish then what is the point in shorting options for small gain. Go for big killing through future.

As in option selling when right you will make normal profit when wrong you will face abnormal loss.



Such gimmicks work for short time and lure, and then one not-so-fine day they drive you into big losses, as risk reward ratio is highly negatively skewed in option selling



How do you define the volatility?