Selling options to be used if you are going to profit from the time decay and/or change in volatility. TP is doing a quick scalp of 1-1.5 points, so why sell options ? So if he feels market is bullish, instead of selling puts, buy in the money calls..it will give him the same movement plus his risk is never unlimited and money needed for buying the calls will be less than selling puts.Just my thoughts....
ST
I too looked idhar udhar.
Settled on Futures.
NF futures with CO looks very very attractive for quick scalps.
a 5 point NF scalp with 25,000 margin, and 2 points brok/exp gives a quick 450 Rs.
I am still experimenting. I am kinda all over the place