Options selling as passive way: If by passive, thirty minutes per week is Ok then I can show you with three examples. The core is the same –

  • Capital Protection [Immediate Hedge on BEP Breach]
  • Analysing all events beforehand
  • Not acting unless BEP is breached
  • Diversification

selling options

Strategy 1 – Option Interest:

Sell strike prices based on OI. Then keep eye on BankNIFTY Weekly Option chain from here at the end of the day for any sudden shift.

“BankNIFTY Theta System – Weekly Expiry Strategy (2 Lot)” by trader Amit_Ghosh — published 2018-07-14

Sell 26900 PE at 117.85 and closed at 92
Sell 27000 CE at 145.95 and closed at 0

6872 INR on 130000 INR.

Strategy 2 – Technicals:

Sell strike prices based on results anticipation and technical support and resistance projection towards expiry.

“BankNIFTY Theta14 System – Weekly Expiry Strategy (2 Lot)” by trader Amit_Ghosh — published 2018-07-15

5076 INR on 130000 INR.

Strategy 3 – OTM CE:

Considering you have the margin for one lot only; then take the call options to more further resistance point than Strategy 2.

“BankNIFTY ThetaXE System – Weekly Expiry Strategy (1 Lot)” by trader Amit_Ghosh — published 2018-07-15

sell put option

1760 INR on 65000 INR. Also, you can do intraday by selling an OTM put option on Thursday to get a proper balance.

Each Setup Hardly takes 30 minutes of your entire week.