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 18 Aug Expiry with 70% Probability of Winning
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Traders can Short 16500 CE and 16000 PE
Below is the Range for NIFTY 18 Aug Expiry with 90% Probability of Winning
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Traders can Short 16600 CE and 15900 PE
Below is the Range for Bank Nifty 18 August Expiry with 70% Probability of Winning
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Traders can Short 37000 CE and 34500 PE
Below is the Range for Bank Nifty 18 August Expiry with 90% Probability of Winning
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Traders can Short 38000 CE and 33500 PE