Taking Advantage Of Time Decay

[ronakzz]

Taking Advantage Of Time Decay
Hello Guys I am new Option Trader.
I want some reviews for this strategy.
Nifty Spot 6294
Sell Fut Feb 6394
Buy CE Jan 6400 107
Sell PE Jan 6300 100

Reply whether it is a good strategy.

If Nifty goes below 6200 Then Profit of 70+ points
If Nifty goes above 6400 Then Profit of 20 to 30 Points Due to Time Decay in Future.

 

[essem]

Taking Advantage Of Time Decay
Hello Guys I am new Option Trader.
I want some reviews for this strategy.
Nifty Spot 6294
Sell Fut Feb 6394
Buy CE Jan 6400 107
Sell PE Jan 6300 100

Reply whether it is a good strategy.

If Nifty goes below 6200 Then Profit of 70+ points
If Nifty goes above 6400 Then Profit of 20 to 30 Points Due to Time Decay in Future.

which position will wind up first?

 

[Robin2808]

Boss what if nifty closes above 6400

Say , it closed at 6404 ,
Ur CE - 4( loss of 103 points)
Futures sold - loss of 100 points
Put sold - loss of 100 points

But if nifty comes down , you will get good return.

This is not a best method Bro