avoid being on sell side of options..! high news events normally tends to kill the option writers...!
Sir, the implaid volatilty is raise so the price of option is high. Also sir the market has already down by near to 2% and this also has happen wehn we the market is near the low side of the range in before many days. The range we trade before has bteween 5355 - 5600. So sir there is chance that the market not go down even below today (it alrady down near to 2%) so the market remain here only or go up little only to 5300 - 5320 leval.
So then if the market go up little bit or keep here only then the implaid volatity can has to go down so I thinking my sell CE 5200 and sell PE 5300 price can go down and I has take profit before close time today.
So sir, becasue the implaid volatity is raise as per the option oracal software. I take my before tell positon.
Thank you.