🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 18100 CE and Short 17700 PE
🛑 we can observe that market may be stays in between with the range of 18100-17700, only When there's no Volatility .
- if short both side / if we did short strangle â—½if breakout happens at 18050 then we can exit from short CE position and hold short PE until achieve the target of 18110 â—½if breakdown happens at 17750 then we can exit from short PE position and hold the short CE until achieve the target of 17700
🛑 rules to follow while initiating the traide ◽ Take an trade after 11 to 11:30 AM -if market still in between our mentioned shorting strikes - from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's)
â—½i hope that it will help a lot , do like and follow for more, have nice day..