📌 Strategy Deployment Across Expiry
1. Start of Expiry till 10th → Futures Naked (with SL)
Objective: Capture early trend moves when new positions are built.
Logic: At the start of the series, option premiums are inflated due to high time value, so futures give cleaner directional exposure.
Risk Control: Strict stop-loss is a must to protect capital from sudden reversals.
2. 11th – 20th → Option Selling (with SL)
Objective: Take advantage of time decay (theta) as options lose value mid-series.
Logic: Market often consolidates in the middle phase unless triggered by events, making option selling attractive.
Risk Control: Strict stop-loss.
3. 21st till Expiry → Futures Hedged with Options
Objective: Participate in expiry-week volatility but with defined risk.
Logic: Last week usually sees sharp moves due to rollover, short covering, or event-based volatility.
Risk Control: This ensures limited downside while keeping directional exposure.
✅ This way, we are aligning strategy with the natural rhythm of the expiry cycle:
Early → Trend play
Middle → Theta play
Late → Hedged volatility play
