With today's pricing action - so far, I am not getting any clues for our STM - 5th Entry.....!
There is no problem in entering double side , but Volatility index is expected to come down so sharply - which will reduce the premium tremendously... Double side entry needs to be made careful at this stage...! Single side , can be entered - but that method is not for persons like us - who give real respect to the money...!
For example - when NIFTY is 6950 range - current month 6900 PUT & 7000 CALL combo is being traded at 200 to 205 range...! If NIFTY continued in the range for few hours / a day - easily there will be 25 % to 30% reduction...!
Till, I get the clear signal - I feel no problem to wait for 1 or 2 hours...! Let's see... !
With kind regards,