Hello Traders!
This post is for those who want to generate passive monthly income by leveraging the power of non-directional option selling. Based on current Nifty structure and OI data, I have spotted a range-bound opportunity — perfect for executing a safe, hedged Iron Condor Strategy.
Why This Strategy Now? (Based on Chart Analysis)
- Resistance Zone: 25000–25200 (Heavy supply, multiple rejections visible)
- Support Zone: 23400–23250 (Major bounce levels, strong OI support)
- Nifty is currently trading near 24325, well inside this range — perfect for deploying a neutral premium-eating setup.
Strategy Setup (Iron Condor – 29 May 2025 Monthly Expiry)
- Sell 25200 CE @ ₹124.25
(Resistance-based upper strike) - Buy 25800 CE @ ₹38.60
(Hedge to protect against breakout) - Sell 23400 PE @ ₹157.05
(Support-based lower strike) - Buy 22800 PE @ ₹91.40
(Hedge to protect against breakdown)
Why This Works? (OI Logic + Technical View)
- Strong resistance visible at 25000–25200 zone with increasing call OI
- Solid put writing seen at 23400 & 23500 strike — confirming downside support
- Volatility is stable, time decay is in our favor — making this ideal for Iron Condor sellers.
Risk Management & Exit Plan
- Exit early if either side breaks with volume
- Don’t hold till expiry — aim to exit around 70–80% of max profit
- Always keep SL alert at breakeven range breakouts
Rahul’s Tip
“Option writing is not for thrill, it’s for discipline. Iron Condor is a weapon when range is visible — use it like a sniper, not a gambler.”
Conclusion
If you believe Nifty is likely to stay between 23400–25200 for the next few weeks, this Iron Condor setup offers great risk-managed income potential. Use proper lot sizing and risk control — and let theta do the work for you!
Have you ever deployed an Iron Condor on Nifty? What was your experience? Drop your thoughts in the comments!
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Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
