Keeping neutral to bullish view applied Bull put spread as volatility is very high but as the nifty contineously stucking below 15800. 15800 PE going in LOSS day by day squared off the positions and sold CE of two strike price 15900 & 16000 as in any case nifty not going to cross it and sold PE of 15500 because after falling 400 points either nifty shows recovery which didn't shown and remains in range so total of 1CE sold 15900(@46.40)+ 3CE sold 16000(@22.18) + 3PE sold 15500(@33.58). "Key element is view and knowledge what and how i am doing so toal range for me now becomes 15900 to 15500 if closes in between or today remains in between banks most of premium and HAPPY
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Still having stick to plan and holding all sold PE's and CE's idea is the THETA Decay of arround 11700/- is maximum and if gaps down or up in range of 15428.77 to 16028.42 still makes decent profit.
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