thechama3 Updated   
NSE:NIFTY   Nifty 50 Index
It is higly likely that in the month of March, Nifty might not breach 11150 and hence one can sell 11150 call and eat the premium. One can also trade on weekly Nifty options and can apply the same strategy.

Also there is a chance that nifty might take out the low off 10585 that it made in the month of February at some point in the month of March. Hence the aggressive traders can also buy Puts and await the move.

But just because selling options give you that added advantage of a time decay over the move not happening, it becomes a viable bet. Ofcourse it has a disadvantage of paying a higher margin but it is worth taking. After all a profitable trade is what everyone wants!

One more reason to this is the nation is set for the elections in a couple of months and hence markets might want to take a call post that. Also the tensions with the neighbor is bound to keep the volatility bells ringing.

Hence, do not bite more than what you can chew!!! Have stop losses in place and take regular profits.

Good luck with the trading!
An excellent bounce with the Call Options getting heavy on premium. Keeping the SL in mind one may enter on a further rise in Nifty with a view to eat up the premium by the end of month or as soon as it reaches their target.
One may also want to see this up move get over and then enter. It all depends on the risk that one is willing to take and potential holding time and rewards for the same.
Trade closed: stop reached:
Nifty closes above 11150. Day after election schedule announced. Closing positions.

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