Nifty Option Selling strategy 30th January 2020 Expiry

Option selling or Option writing strategy for Nifty50

Weekly profit target (1500₹ - 2000₹ per 2 lots)

23rd January 2020, Thursday 

At 3.10 PM

Nifty 12,179

Our strategy is to select call and put options of 200-250 points ahead of current Nifty strike price. Current Nifty strike price is around 12,179 so we will select call option of 12,400 and put option of 11,950

Sell 12,400 call at 13.50₹ and
Sell 11,950 put at 13.00₹

24th January 2020, Friday

At 3.30 PM

Nifty 12,248

Nifty is up by around 68 points

hold 12,400 call at 17.25₹ (in loss) and
hold 11,950 put at 6.10₹ (in profit)

27th January 2020, Monday

At 3.30 PM

Nifty 12,119

Nifty is down by around 130 points

Buy 12,400 call at 4₹ (Profit margin 9.50₹, Profit on one lot around 700₹)
hold 11,950 put at 18.15₹ (in loss)
Sell 12,300 call at 10₹