Nifty Bank Nifty Weekly Option Selling Strategy for Union Budget 2021

The Below Option Selling Strategy will be Helpful for Option Writers  trading on Union Budget Day. We are using Historical Volatility of Index to predict the probable range of market on Union Budget Day.

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 100% of premium you got as Volatality will be very high during the day. Suppose you get 50 point premium in Shorting both Call and Put So SL for this Trade should be Kept at 100 Points.

Below is the Range for NIFTY  04 Feb Expiry with 70% Probability of Winning

  • Traders can Short 14200 CE and 13000 PE

Below is the Range for NIFTY 04 Feb  Expiry with 90% Probability of Winning

  • Traders can Short 14700 CE and 12500 PE

Below is the Range for Bank Nifty 04 Feb Expiry with 70% Probability of Winning

  • Traders can Short 31900 CE and 2920 PE

Below is the Range for Bank Nifty 04 Feb  Expiry with 90% Probability of Winning

  • Traders can Short 33200 CE and 27900 PE

Be Strict with SL and maintain a proper Position size

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