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Options selling strategies India — iron condor, credit spread, covered call — complete Hindi guide.
Published by The Retail Trader · AUG 12, 2026 · Features
Options selling strategies India — iron condor, credit spread, covered call — complete Hindi guide.
Options selling = Premium collecting. High win rate (60-70%), but risk management necessary.
When: Market mildly bullish Setup:
• Sell ATM Put (higher premium)
• Buy OTM Put (protection)
Example (Nifty at 20,000):
• Sell 19,800 PE @ ₹80
• Buy 19,600 PE @ ₹40
• Net credit: ₹40
• Max profit: ₹40 × 25 = ₹1,000
• Max loss: ₹1,500 (spread - credit)
When: Market mildly bearish Setup:
• Sell ATM Call (higher premium)
• Buy OTM Call (protection)
Example (Nifty at 20,000):
• Sell 20,200 CE @ ₹80
• Buy 20,400 CE @ ₹40
• Net credit: ₹40
• Max profit: ₹1,000
• Max loss: ₹1,500
When: Market range-bound Setup: Bull Put + Bear Call combined
Example (Nifty at 20,000):
• Sell 19,800 PE @ ₹80, Buy 19,600 PE @ ₹40
• Sell 20,200 CE @ ₹80, Buy 20,400 CE @ ₹40
• Net credit: ₹80
• Max profit: ₹2,000
• Max loss: ₹3,000
When: Low volatility expected Setup:
• Sell ATM Call + Sell ATM Put
Risk: Unlimited both sides. Advanced only.
When: Range-bound with buffer Setup:
• Sell OTM Call + Sell OTM Put
Risk: Unlimited. Requires margin.
Keep these points in mind:
• 📌 OPTIONS SELLING STRATEGIES
• BULL PUT SPREAD:
• 📊 Mildly bullish
• 📊 Sell ATM Put + Buy OTM Put
• 📊 Limited risk, limited profit
• BEAR CALL SPREAD:
• 📊 Mildly bearish
• 📊 Sell ATM Call + Buy OTM Call
• 📊 Limited risk, limited profit
• IRON CONDOR:
• 📊 Range-bound
• 📊 Bull Put + Bear Call
• 📊 Best for: Low volatility, sideways market
• SHORT STRADDLE:
• 📊 Low volatility
• 📊 Sell ATM Call + Put
• 📊 Risk: Unlimited (advanced only)
• BEST FOR:
• ✅ Range-bound market
• ✅ High IV environment
• ✅ After events (volatility crush)
The Retail Trader — educational market analysis. Not investment advice.
This article is for educational purposes only. It is not a buy or sell recommendation, a claim of guaranteed returns, or advisory guidance. Exchanges, SEBI and RBI change rules, rates and procedures from time to time, so verify every figure with your broker or an official source.