This is my best Expiry so far as i made an ROI of 4.85% with profit of Rs.1,71,000/-. Started Expiry Day trading on 7th May around 10.15 am by selling safe strike of 9400 CALL options. NIFTY filled the market opening gap down of around 35 points and couldn’t go beyond 9275 level and also faced resistance at 50 EMA on 5 min chart. Sold more 9400 CALL options as market started coming down. Then sold 8950 and 9000 PUT options when NIFTY went close to days low to sell some premium on PUT side.
My opinion was market may fall down but not go up, so i was comfortable to sell more CALL options premium compared to PUT options premium. Sold 9350, 9300 CALL options and 9050, 9100 PUT options as day moved forward. NIFTY traded in a narrow range (which is very good for option sellers) throughout the day, so i was comfortable to sell even 50 points away strikes like 9250 CALL and 9150 PUT option after 2 pm. NIFTY faced Resistance at 50 EMA throughout the day and finally closed at 9205. It was a fantastic day for option sellers. There was no need for any adjustments and retained all the sold premium as absolute profit.
Learn the art of Options Expiry Trading and Options Trading Strategies to earn 6 to 10% monthly return on your capital consistently month on month. Reach out to me on +91-8838410023 for more details. Join my Telegram group to stay updated on my live trades and lot more for FREE.
