July and August months have been a combination of Trending in July and then mostly consolidation in August month. Traded mostly Non-Directional strategies and some Directional strategies such as Iron Condor, Bear Call Spread and Call Writing. Mostly traded monthly strategies in July as VIX was high and moved to mostly weekly strategies in August as VIX cooled off a bit. Closed every trade with profit by managing through adjustments as underlying moved. Made total ROI of 9% in July and August month together by spending only few hours before system as these are positional trades.
Options Writing / Selling strategies are best way to make consistent profits and regular income from markets, however it is possible only if you know How and When to do adjustments. It is very important to know how and when to make proper adjustments to your positions to make consistent profits. You may find some free resources in internet to manage your positions but you can’t get when and how exactly you need to do adjustments for your underlying (such as NIFTY, BANK NIFTY, etc.) from free resources in internet. Life is short to experience everything on your own, so learn and gain from experts and proven traders experience to build your profits.
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