Nifty 10800 PE is near zero already.. quoting at Rs 2.45
Is there any calculation that you are using (e.g option greeks) that supports your decision. ?
probably selling 11100
CE or 11000
PE would have been more lucrative .. just asking.
As per me , the move is not likely to go much more than 60 points either side.. seems like a lot of margin for not really much gains..