hmm ... I exited today at 64. 2 lots. Went to sleep. Got up and got one 6100CE Dec at 120. i.e. same money invested in Dec CE so no loss of sleep.
And yes .. on DCB (Dead Cat Bounce) from oversold .. what ever I get .. will exit on Thu/Fri ...
also remember Smart Monies need to sell calls at a higher premium as of now for the next expiry ... call premia has moved down much .. so a bounce would ensure a bit of a premium for the next series .. thats what I think .. 6140 or 6180 spot ....
Buy Dec/Jan PE nearest OTM strike.
Lets see .. as usual I could be wrong ...
P.S. : Nifty was entertaining today BUT to the wrong audience