Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38600 CE and Short 37900 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle if breakout at 38600 happens then we can exit from short CE position and hold short PE until achieve the target of 38700 if breakdown at 37900 happens then we can exit from short PE position and hold the short CE until achieve the target of 37800
i hope that it will help a lot , if you like it do follow for more, have nice day