USDINR positional option selling strategy:

Forex market is the one of the largest market in the world and in the NSE there are fewer currencies pared are listed such as USDINR, JPYINR, EURINR and GBPINR.

USDINR is the a currency derivatives market where we can sell the option and make some earning as per the market movements. 

We can trade USDINR Short Straddle on weekly options that will help to earn in the range bound market. Below is some description about strategy.

The margin of option selling for USDINR one lot is 2000 to 3000, so in this strategy we will be selling 10 lots to maximize the profit.

Instrument: USDINR Weekly Options Straddle ATM call and put

Lots : 10 lot

Entry Time : Monday after 9.30 AM

Exit Time : Thursday after 3.00 PM

Stop loss: 1200 per trade

Target: 2400 Per trade

This is the positional option selling strategy for monthly income.

Once the stop loss and profit triggered take another trade after 2 to 3 hour that will give some time to settle the market. 

In case of three stop loss triggered for the week, please do not trade for rest of the week and next trade will be taken in the next week only, discipline is a key of success.

Happy Trading!