Today session

Option selling ...session..

Suggestions / inputs received from chennai friends / punit and sheetal..

Views

-  Positional selling options are not viable..(after weekly options introduced)
-  Weekly option swings are almost 100 points to 200 points weekly.
-  Shrinkage of options are very fast in weekly options..

Conclusion....

Based on inputs and suggestions...
Strategy worked out to catch 

Nifty 50 to 80 points.... selling options
Bank Nifty 150 to 250 points...selling options..

To fix the discussed criteria...let us trade 5 lots basis next week onwards (only selling options)...