Arnav your strategies are gud , but the thumb rule in such trades are either book all together or dont book at all. rolling your margin intraday is fine .. if you were bearish for the day and booked your put early in the day .. either at the bottom u shud have sold put agian or shud have covered the call as well.
But that day i made a mistake by not selling back 4200 Put that i covered earlier because nifty bounced back from the support and unlike my thread, i almost took a positional trade and went away with my emotions... (apologies for that)
Should have only Left 4600 calls blank if market was below 4200... But Still as we were already in profit in that strategy, Our stop can always be brought to our Cost price(as i told every1 to do....) and get out of the trade without any loss....