Not a calm expiry but a nifty pause

NSE:NIFTY   Nifty 50 Index
Looking at the chart of 200 point intraday movement now becomes calm expiry. but it's good to see nifty in a range of 17400 to 17200. Option sellers make money, but premium spikes are crazy. Price action speaks. After a trending market, there is a consolidation. That is how the market behaves. The market is still not stable. Global clues are still confusing the market. We can see more news-driven movements. Let's keep an eye on 17450 and 17250 for the last 2 days, respected. Let's keep an eye on these levels. If any of these breaks, we can see another quick move from here.
Coming to my option of selling the sitting on top of near 2% profit this week. On Wednesday, the market gapped up, so I booked profit on my 16700PE. When the market started moving down, I was able to get the same position with a good premium, and I averaged the PE side twice, which added good profit to the PE side. I roll down to my CE of 17700. At the end of the day, I rolled my PE to 16900. At the end, my 16900 showed some red, but I had already booked some good profit from 16700, so the position was all good. I hold on to it. When the day started, my position almost melted away. I booked a profit. The market moved down and took support at 17250, a good premium spike of 17900, with the same safety roll down to my CE of 17600. I was expecting a quick down move, so I entered 17500CE and it went and hit SL. After that, it moved my positions to the downside, 17200PE and 17450CE, ending the week on a high. but i was bit worried about the premium spike SL set up saved from the volatile day. 17500CE only hit SL. End the week on a high.

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