Hi friends. This is girish once again.
Gamma an options greek plays an important role in helping to earn more profit in options buying . One needs to understand it and use accordingly .
Jackpot trades can be earned on expiry day ( not every expiry day ) but needs a strong discipline and good practice of price action to time it .
One can see the below chart of put options .
Note : 1. this effect is best for otm options .
2. Gamma effect can vary from low to medium to jackpot profits .
3. Not every expiry is a jackpot . So don’t gamble and lose money unnecessarily.
4. This effect is best in Banknifty due to good volatility.