Shorting strikes purely based on india vix volatility index - Friday ; vix closed at 15.65 with falling by -3.16% means both the premium in CALL & PUT side were declined which is helped option seller's - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38100 CE and Short 37400 PE
🛑 we can observe that market may be stays in between with the range of 38100 - 37400
- if short both side / if we did short strangle if breakout at 38100 happens then we can exit from short CE position and hold short PE until achieve the target of 38300 if breakdown at 37600 happens then we can exit from short PE position and hold the short CE until achieve the target of 38460
i hope that it will help a lot , if you like it do follow for more, have nice day
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