The Below Strategy will be Helpful for Option Writers, We are using Historical Volatility of Index to predict the probable range of market in next 5 trading sessions.
We get this Range of Expiry day close and take position next day at Open.
We have 2 methodology where we have 70% Probability of Winning and 90% Probability of Winning.
As the Portability of Winning increase the returns also come down.
Always Keep SL 50% of premium you got. Suppose you get 50 point premium in Shorting both Call and Put So SL for this Trade should be Kept at 75 Points.
Below is the Range for NIFTY 17 June Expiry with 70% Probability of Winning
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Traders can Short 16000 CE and 15300 PE
Below is the Range for NIFTY 03 June Expiry with 90% Probability of Winning
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Traders can Short 16200 CE and 15100 PE
Below is the Range for Bank Nifty 03 June Expiry with 70% Probability of Winning
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Traders can Short 36400 CE and 33600 PE
Below is the Range for Bank Nifty 03 June Expiry with 90% Probability of Winning
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Traders can Short 37500 CE and 32500 PE