Expiry Day Nifty Option Strategy For 50 Times Return

I have received requests from many traders to teach them a strategy to trade the expiry day. I will discuss a very simple expiry day nifty option strategy that can safely fetch you 20 times to 50 times even 100 times rertuns. This strategy can be implemented on Nifty OR Bank Nifty options.

Remember expiry day is a critical day to trade where actually market remains very noisy. Many traders lose money on expiry day. But there can be immense profit if you can trade expiry effectively. In fact stock market is like a sword. You need to know how to handle it properly.

Yes this strategy can make your 1 rupee to grow to 20-50 OR even 100 rupee in no time. This is the power of expiry day nifty option strategy. You need not to be a big technical analyst to trade Nifty on the expiry. Only knowledge you know is where actually Nifty is expiring.

How to know Nifty expiry levels in 5 minutes?
You can use Nifty Open Interest Charts to know Nifty expiry levels almost instantly. Just open this page on expiry day morning. Concentrate the first image. Locate the point when last time red bar is longer than blue bar and the first time blue bar is longer than red bar. The red bars are put open interest and blue bars are call open interest. See the image below:
Nifty Open Interest Chart
Here 9400 is last when put open interest is greater than call open interest. So expiry will be above 9400. And 9500 is first when call open interest is greater than put open interest. So expiry will be below 9500.

Now, keep 9400CE and 9500PE of same month expiry in your terminal. The real game starts after 1:30PM. If you get Nifty below 9400 simply buy a 9400CE. You will get it at 1-5 rupees. Nifty will 100% rise above 9400 and you can get 10/20/50 even 100 rupees of your call option.

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Similarly in the expiry day nifty option strategy if you get Nifty above 9500, you know Nifty will not expire above 9500. So simply buy a 9500PE. You will again get it within 1-5 rupees. Nifty will 100% fall below 9500 and you will get big gains.

Remember: Do not trade more than 2% of your capital in this strategy. Because there will be no stop loss. Your maximum loss in this expiry day nifty option strategy will be limited to the premium you are paying for the option. You can also refine Nifty expiry levels using the 50 point open interest values like 9450. In that case you need to trade 9450 call OR put. If you want to trade Bank Nifty in this strategy please visit the Bank Nifty Open Interest.

Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.



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62 replies

  1. What is the accuracy of this strategy?
    What if the option is ITM at 1.30 pm? Then we wont get it at a cheaper rate

  2. Hi Indrajit,

    Many thanks for your openness in sharing this strategy. Just a doubt since this is a buying the option strategy how to overcome the STT disadvantage since for the Nifty 7 – 8 Rs would be going towards STT on expiry if the option is exercised.

    Thanks.

    Sajeev

  3. Totally misleading article. Dont even try it if you value your money

  4. Great!!! Dada, You have done “Big”Research and sharing for benefit of others…….one shouldn’t mind loss/profit as that support/resistance comes from Nature

  5. Hi indarjit sir,
    Please explain ITM and OTM option by example in respect of nifty.

    • Suppose the spot price is 10500, then 10550 / 10600 all upside calls are out of the money (OTM) but 10450 / 10400 all downside calls are in the money (ITM). Similarly, 10450 / 10400 all downside puts are out of the money (OTM) but 10550 / 10600 all upside puts are in the money (ITM). Hope this helps 🙂

  6. As u written actual game start after 1:30 pm.
    But opent interest chart change since morning every time. Which time we have to consider red and blue bar.

  7. Is this strategy applicable for bank nifty?

  8. I Checked yesterday for bank nifty exp since 2 har up to market closing. Red bar was at 25500 and blue bar at 25700. But bank nifty never came below and above this level. It was moving in between at 25560, 70, 80 like this. Then what is the strategy for trading at exp day.

  9. Mr. Ashok check exp. of the 25-01-2018….its happen

  10. Please tell me bank nifty option selling strategies at the time of expiry.

  11. Sir how to read option chain and what is OI

  12. From Oct 2018 expiry is going to be at 11:55pm, then what’s the time frame u are going to check OI ? Thanks

  13. This didn’t work in the last two week BNF expiry i.e. 24th and 31st May. The OI level kept on changing till the end. Was this due to the HDFC news?

  14. Should we trade using this strategy tomorrow as there was a RBI decision today. Or during swings, we should be away?

  15. Please write strategy for call/put writers on expiry day

  16. Hello sir !!

    Thanks for the strategy . I am excited to try this .

    The open interest data that we will be looking at is showing oi on the day of expiry at every hour ?

    or it is overall open interest of call and put of overall month ?

  17. What if there are no buyers for ITM call options after 2 pm. Dont you think there is risk of buying ITM options on expiry day?

  18. Sir,

    What i wanted to say was ITM options are quite expensive. Say if we are selling expensive ITM options are there ppl who will really buy this? Its just a query as i started traing in oprions recently. I am no questioning you strategy.

  19. indrajit this strategy really amazing. How I can contact you for more such strategy

  20. sir i need expiry day statergy please provide ….

  21. today your streategy did not work . also i saw open interest keeps live chart keeps changing so it is hard to select right strike price . i will follow up coming expiry also .

    • Pankaj, today it saved veteran traders a lot. Check, highest open interest for BN was at 27300 and 27500. 27400 level was indecisive. Hence the strategy was to buy put above 27500 and to buy call below 27300. Anyways, either way, there was no trade today. I feel you have not yet got the strategy right.

  22. BN open interest was live.BN was never below 27300 after 1.30 pm .anyway there was no big move after 1.30 either way

  23. sorry i could not understand that i have to check open interest after 1.30 and ope interest data is live . i will check next week . this week no trade triggered .

  24. HI SIR, WHERE FIND OPTION OI CHART WITH CANDLE PATTERN

  25. Dear Sir, this strategy is very interesting thanks for this, but one thing i am not understand pl explain how to identify- first time blue bar is longer than red bar

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