HI,
OPTION STRATEGIES R BASED ON LOTS OF PARAMETERS WHICH U NEED TO MODIFY ACCORDING TO UR RISK TAKING CAPACITY, MONEY MGMT NEEDS, MARKET UNDERSTANDING (VOLATILITY, TIME EROSION & VARIABLE FACTORS LIKE DELTA, THETA, GAMMA ETC.)
FOR A COMPREHENSIVE UNDERSTANDING U CAN CHECK THREADS UNDER "DERIVATIVES -OPTION" CATEGORY OF THIS FORUM HOMEPAGE. THREADS BY AW 10 "Low Risk Options Trading Strategy - Option Spreads" OR BY GHOSH_AK34 "Option Buy Recomendations" OR BY soumyaranjanin "Make money in risk less option positional trade " R EXTREMELY HELPFUL FOR AN OPTION TRADER OF ANY STAGE. GO THRU THE ENTIRE THREADS IN DETAIL. ONCE U UNDERSTAND PAPER TRADE FOR ATLEAST 3 - 6 MONTHS B4 PUTTING REAL MONEY.
ALL THE BEST.