*** Positional option selling strategy in Bank nifty ***
1. Entry 3.20 PM
2. Exit Next day 9.30 AM
Over night risk is defined and reward is too Good.
Capital Below 1L . Return 0.5 to 1% return in over night .
if your view went wrong also you can make good money by doing this.

Now Bank nifty closing spot price is 39300.
Your view is side ways to mild bullish for next day. So you can enter put butterfly at 3.20 PM
Buy - 39500 pe ITM
sell - 39100 pe just OTM
buy - 38800 pe OTM
R:R is 3 times
Case 1: As per your view market opened bullish you will be in profit.
Case 2: As per your view market opened side ways you will be in profit
Case 3: Market opened against your view till 1% gap down you will be in profit and loss also defined .
If market opened against to your direction by move 38800 pe to 38900 pe you can minimize loss on down side .
Your view is side ways to mild bearish for next day. So you can enter call butterfly at 3.20 PM
Buy - 39100 ce ITM
sell - 39300 ce ATM
buy - 39500 ce OTM
R:R is 4 times
Case 1: As per your view market opened bearish you will be in profit.
Case 2: As per your view market opened side ways you will be in profit
Case 3: Market opened against your view till 0.5% gap up you will be in profit and loss also defined .
If market opened against to your direction by move 39500 ce to 39400 ce you can minimize loss on up side .

Trading is probability game so choose high probability strategy so that you will in game for long run.
In this strategy choose strikes depends on your risk . If you have more capital if market open against your view next day loss is defined so no problem simply sell opposite side then you will be in good profit. Happy learning 😍😍✌️✌️
You can deploy with loss free also for over night call side and put side.😍😍

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MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold

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