Hi all,
I'm new to trading and slowly learning daily. I'm looking on Strategy to write nifty option on intraday basis on expiry day. The positions I'm looking to write are (after market opens and analysing NSE options chain)
Nifty spot + and - 100 points strike, say if nifty opens at 12150 then write 12250 ce and 12050 pe.
The premiums will be approx 2 rs for both so for one lot 75*2 = 150 rs profit (given nifty stays in between these strikes)
Also I've seen that ASTHA brokerage is giving very good leverage to write options on intraday basis. They need just 2500 rs to write one lot of nifty and brokerage is just 10 rs per lot.
I'm looking to write a total of 100 lots for example and collect the premiums. So is it a good strategy to follow by maintaining strict stop loss.
Am I missing something. Seniors please enlighten.
Thanks.
I'm new to trading and slowly learning daily. I'm looking on Strategy to write nifty option on intraday basis on expiry day. The positions I'm looking to write are (after market opens and analysing NSE options chain)
Nifty spot + and - 100 points strike, say if nifty opens at 12150 then write 12250 ce and 12050 pe.
The premiums will be approx 2 rs for both so for one lot 75*2 = 150 rs profit (given nifty stays in between these strikes)
Also I've seen that ASTHA brokerage is giving very good leverage to write options on intraday basis. They need just 2500 rs to write one lot of nifty and brokerage is just 10 rs per lot.
I'm looking to write a total of 100 lots for example and collect the premiums. So is it a good strategy to follow by maintaining strict stop loss.
Am I missing something. Seniors please enlighten.
Thanks.