nifty option short sell strategies

[shahi]

sell call 5600 @ 316.00 (Time value 38) will work as protection for OTM PUT
sell put 5700 @ 27
sell call 6200 @ 12

I think as of now as market look weak this should work.
But if market start moving up in that case we can close 5700 put and 6200 call and will rollover 5600 call to july so taking advantage of theta and may apply simpler strategies with aggressive OTM put and more defensive OTM call.

Please provide your valuable thought.

 

[DanPickUp]

sell call 5600 @ 316.00 (Time value 38) will work as protection for OTM PUT

sell put 5700 @ 27

sell call 6200 @ 12

I think as of now as market look weak this should work.

But if market start moving up in that case we can close 5700 put and 6200 call and will rollover 5600 call to July

So taking advantage of theta and may apply simpler strategies with aggressive OTM put and more defensive OTM call.

Please provide your valuable thought.

Thanks to post it, but out of question. NO WAY. Fantasy for real trading. Don't even think to implement it in real, as you just trade on papers.

Take care / DanPickUp