I built a tool to help office-goers sell Nifty/BankNifty options with actual math instead of guesswork
I have a day job. I also sell monthly Nifty/BN options on the side. For a long time I was picking strikes the same way most people do "1000 points OTM feels safe" with no real basis for it.
So I built a calculator for myself that:
- Projects an expected range using 365-day historical volatility (SD-based)
- Cross-checks it against a VIX-implied range
- Uses a PCR filter
- Generates a full exit plan
That last part matters most for people with a day job. If you already sell monthly options, I would like to know your process.