At such high levels, it is a bit risky to trade with naked or options. Strategies are the safer, hence better means to ride a trend.
Consider the following strategy :
Buy one lot Nifty Future at 12338
Buy one lot Nifty 12250 Put at 105
Sell 1 lot Nifty 12450 Call at 80.85
Sell 2 lots of Nifty 12600 Call at 35.2 each
Sell 2 lots of Nifty 11900 Put at 31.8
All Jan 30 series.
This position will remain in profit if Nifty expires between 11890 and 12710,
Max. profit will be 16639, if Nifty settles between 12450 to 12600.
For more details of this strategy and more of such low risk trading options, you may follow me on this forum, send me a direct message or follow me on popular social media platforms using my handle @i2gain.
Even though this is a very low risk strategy, it is important to consult your financial consultant before taking any position in financial markets.
This post does not encourage speculative trading in stock markets in anyway, it can be used for education or research.