We are up to the March 3rd expiry. Looking back, we are going through such a dramatic market condition. Last week was so tough as an option seller. but looking at the chart nifty at an important range. nifty cross between 16750 and 16850 with strength, but it couldn't be sustained. As it is currently a news-driven market, we can see wild movement at any time. Gaps up and down make a nightmare for option sellers. Carrying overnight risk will hit you hard. But looking at the premium everywhere, it's tempting to be in a long position. But still, the vix spike gives MTM fear. What I am looking at is above 16850, 17040 and below 16350, 16000. Let's see if the wild moves in between the range or if it breaks. Currently, I have 15550PE and 17550. Let's see if I can squeeze those premiums and make a good adjustment.
