I have gone through you thread and value your opinion, so just want your view about the drawbacks of the following strategy if any, I am not comfortable with unlimited loss diagram ,so I want to hedge 400 +/- short strangle of MONTHLY option hedged with weekly option every week , is it feasible ? for e.g now nifty is 11724 , will short 11400 pe and 12000 ce of 30 May19 and want to hedge it with 11400 pe and 12000ce of 9/5/16 , will take profit / loss as on 09/5/19 weekly expiry and will again create position of +-300 from nifty hedging with CE / PE of 16/5/19.