IV has dropped drastically....calls below 20 and puts around 20-22.
Im bit confused by this to take position because there is news from US and IV has dropped in NIFTY...usually as a reaction to news IV should go up.
Option players should be careful now because I doubt there is any increase in IV now for the 2nd half of the month.
Max OI is at 6200CE and a strong support around 6000PE..I think Iron condor should work