Todays Trade Summary as below:

Strategy: SELL CALL 6200 @ 81 (5 Lots), @ 89 (5 Lots) with SL as 100

Trades Done: 81 Premium Captured

78 Premium Returned

Net Points Gain: 3

Total Gain = 3*50*5

= **Rs 750**

Tomorrow strategy will be combinational of VWAP and binomial distribution.

Don't miss that one.

Hi Ankur,

First of all, I find your strategy very useful although I have not taken any trades so far.

While I have understood the general principles, I would like to know :

How the pair of call and put strike prices is chosen?

How do you calculate the VWAP of the call and put options of the chosen strike prices from nse data ?

What is the time when you decide whether to take trade or not?

Does one wait till say 3.15 or close trade earlier depending on profit or loss accrued?

I know that binomial distribution is a term used in statisics. How does one apply the concept for intraday trading?