How to trade : If Nifty moves above 17799.86 BUY Nifty with a Stop loss of 17633.94 (Hedge with a PE of 25th August Expiry) If Nifty moves below 17633.94 SELL Nifty with a Stop loss of 17799 (Hedge with a CE of 25th August Expiry). or Make an option strategy with selling 18100 CE + Buy 18200 Buy , SELL 17500 PE + Buy 17200 Buy..just an example check premium prices and see the payout graph and form while trading.