Trading setup in options

 

SENTIMENT	CALL OPTIONS	PUT OPTIONS
IF MARKET IS BULLISH (UP MOVE)	BUY CE CLOSE OTM	SELL PE DEEP OTM
IF MARKET IS BEARISH (DOWN MOVE)	SELL CE DEEP OTM	BUY PE CLOSE OTM
SIDEWAYS/NO MAJOR MOVEMENT	SELL CE DEEP OTM	SELL PE DEEP OTM

OTM : Out of - The - Money

ATM : At - The - Money

ITM : In - The - Money