Hi deepa11, y'r welcome.

I coud'nt able to explain it clearly to previous posts of deepa11 and Aabha, plz go through this.

Which option has the fastest time decay? This is an extremely important options trading question for all beginners and you are right to investigate its answer from the perspective of options moneyness.
The options greek that governs rate of time decay is "Theta". Generally, Theta decreases as options get more and more in the money or out of the money and as time to expiration increases. Yes, the nearer an option is to expiration, the higher its theta value would be and the faster its rate of time decay versus options with longer expiration. Because At the Money options have the highest Theta value compared with in the money options or out of the money options, the time value (extrinsic value) of at the money options generally decline faster than ITM or OTM options.
At the money options also contain the highest amount of extrinsic value which is also why its theta value will always be higher than ITM or OTM options which have a lot lesser extrinsic value. However, if you are looking to write options which you can profit from quickly before expiration, then writing OTM options would actually make quicker profit than writing ITM or ATM options. Why is this so?

Even though At The Money Options have the highest theta value and would have a much higher time decay than ITM or OTM options, options don't go through time decay in a linear fashion. In fact, OTM options would lose more of its extrinsic value further from expiration than ATM or ITM options. OTM options actually lose most of their value before their last 30 days whereas ATM and ITM options lose most of their value in their last 30 days. See a chart of the different rate of time decay.
As such, in order to maximize profitability some experts write options which has more than 30 days to expiration but is too risky.
At the money options generally have a higher rate of time decay and have a higher amount of extrinsic value available for time decay. However, as out of the money options go through time decay fastest more than 30 days away from expiration, that might be a better choice if you are writing options with longer expiration. Take note also that writing OTM options subject you to a smaller possibility of your position getting assigned which results in higher chance of profitability

See nifty in (-). Hold the puts without fear.

Facing network probs right now..

Hi Robotguy / Be!ng Human - Have one idea. Let me know it works or correct me. Here it is step by step:

1. Find out overbought or oversold stocks.
2. Filter those by traded by volume. And pick up those stocks trade in good volumes.
3. Buy call or put options of next expiry of those respectively for handsome gain.

I think this idea works well. Because, overbought stocks should see some profit booking ahead and buying interest should be seen in oversold stocks.

Need your input.

Hi robotguy bought @ 18

Hi Robotguy, covered Cairn and BHEL with BIG profits...now trapped in Rel Cap and BoB.

ok..Be!ng human, thanx for explanation..

hi robotguy,GA.. any idea abt next series?

Hi SS, dont carry shorts at all. nifty expected to surprise again this week