Interesting, IIUC 50% of capital is allocated towards CSP and CC using Niftybees. 
Apart from a 10% buffer, the rest of the 40% is allocated towards leveraged CSP/CC using puts, and when âassignedâ (ITM) going long using a futures based PMCC. 
Since the wheel in both normal and leveraged form is a long-only strat, when do you square off all these longs and go short (?) in a correction/downtrend? 
Any hedges to protect from flash crashes like in 2020 
Ah. Thatâs my real concern and i am finding ways to mitigate risks.
Unlevered positions are fine since I am okay to play the patience game.
Levered positions are usually one day before expiry. So itâs just on Mondays and Wednesday. Tuesdays and Thursdays i let them expire worthless.
Yes the risk is definitely there. Otherwise generating returns in excess of 30 percent is difficult.
Only hope is I will make enough before that flash crash happens. For now I have 3x the capital I have ever invested. Out of that I have taken out 0.5 times the capital and put it in pms. The reason being, I canât pledge pms holding and trade again. lol. 
every month I have been moving 20 percent of my monthly profits to PMS. So eventually when I take capital invested out, only my profit is at risk. Hopefully flash crash wonât come in before that. Otherwise I will also make a very lengthy post over here. Hope we donât see that day. 
Hai thereâs an interview with Quant Mutual Fund Founder Sandeep - his net worth he shared in that interview - really interested - he does in have a single stock in his portfolio - all wealth in Mutual fund and some real estate - he skip to hold single stock from 2012 because business climate change rapidly nowadays - he is not believing nowadays long-term holding will reward - all his investment in his mutual fund itself
Theyâll make up a reason and bring in âexpertsâ to validate those reasons whatever happens.
I think a long-short trend following (TF) system could pair very well with your mean reversion strats. 
Zerodhaâs new In the money YT channel has a series on TF, backtesting, etc:
50Lakhs
world market is up - indian market is not going up ----- no neeed to go up , atleast stay in range ok- very bad market last 1.5 years
Nifty stuck in 25000 - but FII pushing Down
World market are green
our market - controlled By trumph by RED
When trump will happy . then only we can see green
Oh God small cap and midcap investor are even more problems - recovery no seen - or no sign
5% is hardly anything at all.
Volatility has been quite low for some time now, only now just picking up for few days.
i dont know what DIIs are buying
Yes. No limit.
When you say close it, you mean close it at expiry or whenever price touches 25000 (meaning could be any day before expiry)?
Usually this. Because there will be time value in it before expiry. But if it goes deep ITM, I close it before. 3 days back we went below 25000 intra day. I didnt close since the time value left was a lot.
Coming Tuesday I will roll over to Feb. premium is good.
