Hi Amit,
How you select the pair?
How you select the pair?
You have to make sure that both the strike prices are equidistant from current spot value. Well, as much as possible.
For eg:
if NS 5112, then take 5000 PE and 5200 CE pair.
if NS 5150, then take 5000 PE and 5300 CE pair.
Idea is to have Strike prices equidistant.
Earlier I used to wait for round figures (4900, 5000...etc) on the Spot to come. Now, I think 150 is okay. RR won't be affected.