I follow a simple strategy of price actions for options. No rocket science, trend, price actions, and momentum are enough, including options valuation as per the strikes and underlying.
You are a living proof that options trading is safe when trading with skills more than money. I am referring to price actions as trading skills ofcourse.
If you have 1 crore without skills you cannot make even a penny…but ofcourse when luck favors you will make big also with such a huge amount. But when you posses skills, with even 5k you can grow it to 5 lakhs also. But trading is a long term process be it cash or option…you have to put money, efforts and skills…all are interdependent.
Today’s Bank Nifty move was a classic example and very simple to pick when trading consistently above 45000. Price actions suggested grabbing the Bank Nifty for a rally of at least 700 points as it broke out of the consolidation zone of 44400–45100. But one who made it complicated to analyze the option chains (OI, PCR, etc.) must have missed the rally. For index trading, price action is at the top of the list. This is my personal opinion only, and I may be 100% wrong for others as well.