Hi, I am not very experienced as a trader so kindly excuse if you find this a very basic query.
From what i have read expiry day option selling is highly profitable due to high theta decay. Expert traders like PR Sundar and Jegan trade heavily on expiry day.
I understand they use intraday leverage which compounds their profits but from what i understood the premiums available on expiry day are very very low as theta is maximum. For a strike price which is 300-400 points away in banknifty on thursday the premiums will be very low.
So how much profits % can one practically generate on expiry day ? How does it compare with weekly positional trades held till expiry? Please do share your experiences.
Thanks for your views in advance guys !