Recently I have got an idea of option writing on intraday basis which increases the probability of success overall and even if the view goes wrong, losses are less.
So let's bank nifty is at 30000 and 30000 is a resistence. Sell a naked call of 30500. If the prices dont break the resistence, enjoy the ride. If it breaks and sustains above, sell 29500 pe.
Now after this if prices move in either direction, we further gotta manage it. Not sure what we can do afterwards
Please guys share your view on this
So let's bank nifty is at 30000 and 30000 is a resistence. Sell a naked call of 30500. If the prices dont break the resistence, enjoy the ride. If it breaks and sustains above, sell 29500 pe.
Now after this if prices move in either direction, we further gotta manage it. Not sure what we can do afterwards
Please guys share your view on this