Just re posting my friends idea for Option Strategy
This is a combined straddle for expiry date Jan 27th. We monitor this straddle for eod every day and apply correction on monday by 3.00 PM if required.
Total cost is around 1.3 lacs max profit at 12906 if nifty hits 17620 on Jan 27th
cut off :17320 and 17920
Strategy : Sell 1 CE17600 @300 and 1 PE17600 jan 27@62
You can see the related ideas for updates/adjustments on the link ( the original idea)
He has posted a video on the same : https://youtu.be/8sAWUzBRlRQ