Long NF, covered with a couple of PEs. Risk is completely covered.
PEs because they are dirt cheap compared to CEs at this point in time.... @40% sale!
We intend to earn 30 to 50 points per NF lot. With COVERED risk and minimum effort.
We will be acting EOD (mostly).
Idea is to act when market goes at an extreme against the trend and take profit as it normalizes. In this, we want to pull out a difference of around 50 points per lot.
In this manner, we assume we will get ONLY 5 chances in this period of 2 months to extract our profit and time-decay. In the last month, we will sell the PEs to avoid max. decay.
Lets see how it goes.