My september month option selling strategy

As I am into optionselling ,i try to sell the options of banknifty each month as well as for each week. This week that is august 27 expiry will be monthly expiry too.

Many traders like me like to place the next month expiry positions in this month only as we gets the good premiums.

For the September expiry I have sold the call option of the banknifty at a price of 100 rs for the 24500 ce strike price. 

Why 24500

This strike is too far from the current price and also the premiums at that level are too good and even if the banknifty will reach to that level I will sell all my holdings and will get good amount of profit.

Simple Strategy

I tries to follow the simple option selling strategies that has the highest chances of success. These strategies are easy to use and gives good result.

Not only that but I am somhow hedged for the downside as well. I dont like to buy the put for the downside hedging but instead I try to sell the call for the same purpose , I have long term view but at the same time I am ready to take short term trades as well.

Total earnings from this

As I sold the call at 100 rs premium and one lot is of 25 shares and hence premium received is 2500 rs .  

In the coming posts i will be sharing the risks and rewards ofy strategies as per the various price change .