🛑 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 40000 CE and Short 38400 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 39900 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40300 if breakdown at 38800 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38500
🛑 Take Position after 11 to 11:30 AM if market still in between our range - from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot , if you like it do follow for more have a nice day