1/n
#OptionsTrading
Day wise Weekly Index Option Strategies

1. Best day for option selling
Wednesday - This is the day where max option premium decay happens especially in afternoon session.
Trade initiated after the initial move (usually by around 10) gives the max result.

2/n
#OptionsTrading
2. Worst day for option selling
Friday. On this day usually IV are very high and continue to be higher. Volatility will be high and you are entering weekend holidays.
Keep trades low on this day.

3/n
#OptionsTrading
3. Best day for options buying
Thursday mid noon before 12.30
IV decay almost done. Premiums are low. And most important by that time you will get a trend of that expiry.
Do not buy deep out of money options. Usually #BankNifty options in 80-120 range ideal.

4/n
#OptionsTrading
4. Best day for counter trend option trade
Wednesday. This is the day usually a counter trend move happens in index.
Usually counter trend move will flush out weak hands in trade. Options sellers with deep out of money options will see faster decay.

5/n
#OptionsTrading
5. Best overnight trade day
Wednesday. That too an Option sell at EOD. Always understand the difference between a trend and a counter trend on this day. But remember no large volumes

6/n
#OptionsTrading
6. Best premium eating day
Monday / Tuesday - Both days are good for selling options for that expiry. (Usually overnight trades)
Usually best day to cover these positions is Wednesday morning trade.