r/IndiaOptionSelling
is strategy 'Arbitrage trading' even profitable? asking Desk Traders.?
Guys, yesterday i was on call with my friend. he used to trade with me as a retail seller but now he work in a firm in Maharashtra and he is earning good and i asked him his job profile he replied he trade based on ARBITRAGE of options like put call parity, i qn is that how do these guy even make money and under what scenerios they make money.
Like i know they trade based on the price difference between the PUT and CALL option of At-The-Money. but in most of the cases that's very less.
u/Appropriate-Face-810 — 7 days ago
Day 64 Option Selling Journal | Nifty 50 | -₹2,327.00 | First Trade Failed Fast. Second Trade Went Nowhere.
📊 Daily Summary
| Metric | Value |
|---|---|
| Date | 13/05/2026 |
| Instrument | Nifty 50 Options (19 May Expiry) |
| Strategy | Bear Call Spread & Bull Put Spread |
| Total P&L | -₹2,327.00 (Red) |
| Capital Used | ₹2,50,000 |
| ROI % | -0.93% |
📝 Trade Breakdown
Trade #1: 23950 CE (The Short Leg)
- Entry: 09:49 AM @ ₹51.00
- Exit: 10:06 AM @ ₹67.00
- Result: -₹2,080.00 (-16.00 pts)
- Note: Instant stop-loss hit. The morning bearish bias was quickly invalidated by a sharp upside move, triggering the SL in less than 20 minutes.
Trade #2: 22800 PE (The Short Leg)
- Entry: 11:46 AM @ ₹45.00
- Exit: 03:06 PM @ ₹46.80
- Result: -₹234.00 (-1.80 pts)
- Note: This trade did not yield any positive results. Nifty stayed sideways/choppy for the rest of the afternoon, preventing any significant theta decay or directional gain before the close.
Hedge Management
- CE Hedge (24800 CE): +₹65.00
- PE Hedge (21500 PE): -₹78.00
- Note: Standard protection legs for the spreads.
🧠 Analysis & Psychology
- The Setup: I attempted to play both sides of the market as the trend shifted. The first trade was a continuation of the bearish momentum which failed immediately. The second was a bullish pivot that simply lacked follow-through.
- The Reality: Today was a "choppy" day. The 19 May expiry provided a much-needed buffer compared to the current expiry, but the lack of a clear intraday trend made it difficult for spreads to work.
- Execution & Discipline: While hitting two stop-losses is discouraging, I successfully limited the daily drawdown to under 1% of my capital. I didn't chase the market or increase lot sizes to recover the morning loss.
- Psychology: Getting hit with an instant SL can be tilting, but I stayed calm enough to wait for a second setup. Even though the second trade didn't work, exiting near cost in the afternoon shows I'm not forcing the market to pay me.
📉 Visuals
💡 Key Takeaways
- Respect the Chop: On days where the first trade is stopped out instantly, the market is signaling high intraday volatility. Be extra cautious with the second entry.
- Expiry Buffer: Using the 19 May expiry saved me from a much larger hit today. The delta movement was manageable despite the morning spike.
- Capital Preservation: Staying under a 1% loss on a double SL day is proof that the risk management system is working.
Disclaimer: This is my personal trading journal for educational purposes. Also, the entire post is formatted via Gemini AI, but the trades and psychology are 100% real.
— IAm#Mansis r/IndiaOptionSelling - Join this community.
u/IAmMansis — 19 hours ago
Day 63 Option Selling Journal | Nifty 50 | +₹2,028.00 | Yesterday Was Chaos. Today Was Control.
📊 Daily Summary
| Metric | Value |
|---|---|
| Date | 12/05/2026 |
| Instrument | Nifty 50 Options (19 May Expiry) |
| Strategy | Bear Call Spread |
| Total P&L | +₹2,028.00 (Green) |
| Capital Used | ₹2,50,000 |
| ROI % | +0.81% |
📝 Trade Breakdown
Trade #1: 24200 CE (The Short Leg)
- Entry: 09:43 AM @ ₹65.00
- Exit: 12:50 PM @ ₹49.00
- Result: +₹2,080.00 (+16.00 pts)
- Note: Pivoted to the next weekly expiry (19 May) to minimize Gamma risk. The trade benefited from sustained bearish momentum and theta decay, allowing for a stress-free exit once the target was reached.
Trade #2: 25050 CE (The Hedge Leg)
- Entry: 09:42 AM @ ₹6.40
- Exit: 12:51 PM @ ₹6.00
- Result: -₹52.00 (-0.40 pts)
- Note: Standard OTM protection for the 19 May spread.
🧠 Analysis & Psychology
- The Setup: After yesterday's high-Gamma disaster, I deliberately chose the 19 May expiry to provide more structural stability. Nifty showed continued bearishness, and I entered the Bear Call Spread early to capture the trend.
- The Reality: Unlike yesterday's whipsaws, the next-week expiry behaved predictably. The premium melted steadily as the market stayed bearish, and I didn't feel the "Gamma panic" even during minor retracement spikes.
- Execution & Discipline: Total recovery of discipline. I followed the plan, chose the correct expiry, and exited the trade based on technical targets rather than emotional fear. Securing a +0.8% return today is a major win for mental capital.
- Psychology: Yesterday was for learning; today was for earning. I successfully silenced the ego that wanted to "revenge trade" and instead focused on the math of the 19 May expiry. This win restores my trust in the system.
📉 Visuals
💡 Key Takeaways
- Expiry Choice Matters: Moving to the 19 May expiry reduced the "noise" and allowed for a much calmer trading session compared to the 12 May volatility.
- Bearish Consistency: When the trend is clear, stay with the trend. The Bear Call Spread remains a reliable tool as long as entry and expiry parameters are respected.
- Green is Good: After a heavy red day, any green close is a victory. Today’s profit covers nearly half of yesterday's drawdown, putting the monthly P&L back on a recovery path.
Disclaimer: This is my personal trading journal for educational purposes. Also, the entire post is formatted via Gemini AI, but the trades and psychology are 100% real.
— IAm#Mansis r/IndiaOptionSelling - Join this community.
u/IAmMansis — 2 days ago
Day 61 Option Selling Journal | Nifty 50 | +₹890.50 | Breaking the Red Streak After 6 Losses
📊 Daily Summary
| Metric | Value |
|---|---|
| Date | 08/05/2026 |
| Instrument | Nifty 50 Options (12 May Expiry) |
| Strategy | Bear Call Spread |
| Total P&L | +₹890.50 (Green) |
| Capital Used | ₹2,50,000 |
| ROI % | +0.36% |
📝 Trade Breakdown
Trade #1: 24500 CE (The Short Leg)
- Entry: 09:57 AM @ ₹60.00
- Exit: 01:27 PM @ ₹53.20
- Result: +₹884.00 (+6.80 pts)
- Note: Entered slightly ahead of the usual 10:00 AM rule. The trade moved into a profitable zone fairly quickly, but I chose to square off early in the afternoon to lock in the gains and protect my mental capital.
Trade #2: 25100 CE (The Hedge Leg)
- Entry: 09:54 AM @ ₹5.40
- Exit: 01:27 PM @ ₹5.45
- Result: +₹6.50 (+0.05 pts)
- Note: Standard OTM protection. Squared off simultaneously with the short leg to keep the spread intact.
🧠 Analysis & Psychology
- The Setup: Identified a bearish opportunity just before the 10:00 AM mark. Despite the slightly early entry, the trade stabilized and began decaying as expected throughout the morning.
- The Reality: After a string of six losing sessions, my primary focus today was psychological survival. Even though the trade had more room to decay, the fear of a sudden reversal (like the 100-point spike seen yesterday) prompted me to close the position early and secure a green finish.
- Execution & Discipline: Mechanically, the entry was 5-10 minutes premature compared to my standard rules. However, the manual exit at 1:27 PM was a conscious choice to prioritize a win over maximizing theta. While I didn't squeeze every rupee out of the move, I strictly followed my risk parameters to ensure a winner didn't turn into another loser.
- Psychology: Managing the "fear of losing" is a major part of the learning curve. After six red days, the urge to see a green MTM is powerful. Today was about regaining confidence and proving the system still works. I recognized the psychological pressure and chose to take the win rather than fight anxiety for the rest of the session.
📉 Visuals
💡 Key Takeaways
- Confidence is Capital: Sometimes, the most important profit isn't money, but the mental reset that comes from a winning day. Breaking a losing streak is vital for long-term sustainability.
- Respect the Rules: The early entry reminds me that the 10:00 AM rule exists for a reason—to avoid the morning noise. I need to remain patient even when a setup looks tempting.
- The Journey of Psychology: Acknowledging that I closed early due to fear is the first step toward fixing it. In the future, I will aim to trust my manual trailing stop-loss to handle the exit rather than manual intervention based on emotion.
Disclaimer: This is my personal trading journal for educational purposes. Also, the entire post is formatted via Gemini AI, but the trades and psychology are 100% real.
— IAm#Mansis r/IndiaOptionSelling - Join this community.
u/IAmMansis — 6 days ago
▲ 11 r/IndiaOptionSelling
See I am asking help from professionals what would you have done in this situation man? Guide me.plz
u/Appropriate-Face-810 — 9 days ago
The Overnight Ghost: Why the Gap is the Real Risk
Profits are made during the day, but accounts are blown at night.
The most dangerous time for a seller is 3:30 PM to 9:15 AM. While the market is closed, a global event can trigger a "Gap" that skips your stop loss entirely.
1. Managed vs. Unmanaged Risk
During the day, you are in control. If Nifty moves against you, your system exits. Overnight positions mein aap trapped ho. You cannot react to a 300-point gap until the opening bell, and by then, the damage is already done. Intraday risk is "Defined"; overnight risk is "Gambled."
2. The Cost of "Sleeping Well"
Traders chase overnight Theta decay, but is that small gain worth a black swan event? Chote se premium ke liye pura capital risk karna logical nahi hai. Closing at 3:30 PM buys you peace of mind and keeps your mental capital fresh for the next session.
🛠️ My View:
I trade the market I can see, not the one I have to imagine.
- The Zero-Overnight Rule: My system captures intraday moves only. Jab terminal band hota hai, mera risk zero hona chahiye. I don't want to wake up checking global markets with a racing heart.
- The Reality: Market kal bhi khulega. Avoiding the "Overnight Ghost" ensures that one global headline can't wipe out months of hard work.
Protect your capital from the move you can’t see. Intraday discipline is the ultimate insurance.
— IAm#Mansis
u/IAmMansis — 5 days ago
Day 59 Option Selling Journal | Nifty 50 | -₹2,164.50 | Chased the Move. Paid for It.
📊 Daily Summary
| Metric | Value |
|---|---|
| Date | 06/05/2026 |
| Instrument | Nifty 50 Options (12 May Expiry) |
| Strategy | Bull Put Spread -> Bear Call Spread |
| Total P&L | -₹2,164.50 (Red) |
| Capital Used | ₹2,50,000 |
| ROI % | -0.87% |
📝 Trade Breakdown
Trade #1: Bull Put Spread (The Chase)
- Short Leg (23800 PE): Entry @ ₹65.00, SL Exit @ ₹80.00 (-₹1,950.00)
- Hedge Leg (23050 PE): Entry @ ₹6.95, Exit @ ₹7.60 (+₹84.50)
- Note: Entered late into the morning bullish move. Because the entry was delayed, the risk/reward was unfavorable from the start. I wasn't comfortable with the levels and couldn't find an opportunity to trail the stop before the market reversed and hit the hard SL.
Trade #2: Bear Call Spread (The Recovery Attempt)
- Short Leg (24500 CE): Entry @ ₹62.30, SL Exit @ ₹65.00 (-₹351.00)
- Hedge Leg (25100 CE): Entry @ ₹6.25, Exit @ ₹6.65 (+₹52.00)
- Note: Much cleaner execution. I waited for the trend to flip, got a solid entry, and successfully trailed the stop-loss twice as the trade moved in my favor. The final spike in the early afternoon triggered the trailing exit, saving me from a much larger loss.
🧠 Analysis & Psychology
- The Setup: A volatile session with clear directional shifts. The first setup was a reactive attempt to join a move already in progress. The second was a more proactive, calculated entry based on the shifting intraday trend.
- The Reality: I got hit on both sides of the market today. The morning bullishness evaporated quickly, and the afternoon bearishness was interrupted by a sharp, late-session bounce.
- Execution & Discipline: Trade #1 was a lapse in discipline—chasing an entry often leads to exactly what happened: a "naked" stop-loss hit with no room to breathe. Trade #2, however, was a display of professional recovery. Even though it ended in a small loss, the act of trailing the stop twice turned a potential -₹1.5k hit into a minor -₹300 scratch on that leg.
- Psychology: It’s easy to get tilted after a bad first trade. I’m proud that I reset my mindset for the second trade and managed it technically well. Closing the day down less than 1% after being wrong twice is a win for the system, even if the P&L is red.
📉 Visuals
💡 Key Takeaways
- FOMO is Expensive: If you miss the initial 10:00 AM window for a clean entry, it is often better to wait for the next setup than to chase a "comfortable" premium at uncomfortable levels.
- Trailing Saves the Day: The second trade proves that manual trailing works. It significantly reduced the total daily drawdown.
- Two Strikes and Out: After hitting stop-losses on two different directional spreads, the terminal was closed. Protecting the remaining 99% of the capital is the priority.
Disclaimer: This is my personal trading journal for educational purposes. Also, the entire post is formatted via Gemini AI, but the trades and psychology are 100% real.
— IAm#Mansis r/IndiaOptionSelling - Join this community.
u/IAmMansis — 8 days ago
The 10:00 AM Rule: Let the Noise Settle.
The market opens at 09:15 AM, but for an intraday seller, the real game doesn't start until 10:00 AM. Many retail traders lose their daily capital in the first 15 minutes trying to "catch the gap." Here is why I stay on the sidelines.
1. The Volatility (VIX) Spike
At 09:15 AM, the India VIX is often erratic as the market adjusts to global cues. Premiums are inflated and bid-ask spreads are wide. If you enter too early, you might get "stopped out" by a random 20-point Nifty wick, even if your directional view was correct.
2. Price Discovery vs. Direction
The first 30–45 minutes are for "Price Discovery." Institutional orders are being filled, and "Weak Hands" are exiting overnight positions. By waiting until 10:00 AM, you allow the market to establish a clear Intraday High and Low. This gives your technical levels much higher reliability.
3. The Reversal Trap
How many times have you seen Nifty gap up 0.5%, hold for 15 minutes, and then crash? If you sold Puts at 09:20 AM based on the gap, you’re trapped. By 10:00 AM, the "Morning Momentum" has either been confirmed or rejected.
🛠️ The Strategy:
- The Routine: Use 09:15 to 10:00 AM to observe PCR, India VIX, and Weighted Heavyweights (HDFC Bank, Reliance).
- The Entry: Look for setups only after the 30-minute opening range is established.
Option selling is about high-probability entries. There is no high probability in 09:15 AM chaos.
— IAm#Mansis
u/IAmMansis — 14 days ago