How to Select Correct Strike Price for Trading Nifty Options
Secret of success in nifty options trading lies on its strike price that a trader chooses. A strike price in nifty option has much to do with number of days left for expiry. If expiry is near then you select in the money nifty option, if expiry is far away then you may choose out of money nifty option. Here is how I choose the strike price depending on time left for expiry:
1. When expiry is 15 sessions away you choose options which are out of money, example: If nifty future is trading at 5600, then you buy nifty 5700 call option.
2. When F&O expiry is just 7 sessions away, then I choose in the money nifty option. Example: If nifty future CMP is 5850 then, I’ll buy nifty 5800 call option.
Related Article:
- Trading Nifty Options (Call Put) with Levels of Nifty Future Chart
- Why in the Money Nifty Options Better to Trade in Expiry Week
- How to Multiply Your Money with Nifty Options Trading Strategy
- How Nifty Options has Limited Risk than Nifty Futures Trading
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