options trading

https://www.quora.com/What-are-the-best-ways-to-make-consistent-profit-by-option-trading
http://www.optionseducation.org/strategies_advanced_concepts/strategies/long_straddle.html
https://www.fyers.in/tool-box/

How do I make consistent profits, trading in options:

Options strategies: FYERS had provided best option tools for making option strategy.

Fyers | Options Trading Strategies | Options Calculator

So using above tool make your strategy, one should have outlook to make a strategy,

1. Bullish
2. Bearish
3. Bullish Neutral with high volatility
4. Bearish Neutral with high volatility
5. Neutral with no volatility
6. Neutral with high volatility

Once you have a outlook choose your strategy you can back test the strategy in FYERSoption tools. Basically strategy is nothing but you are hedging you risk taking counter position to your outlook.

My Strategy:

One of my favourite strategy is Strangle. I do this looking at Monthly chart of NIFTY, I will short Out of the money put and out of the money call at the starting of the month.

I decide strike price based on volatility, the gap could be 300 to 500 points away from spot price and I target returns close to 6% to 8% a month not more than that. I am profitable on this strategy for 10 months in a span of 12 months consistently doing the same strategy.

http://www.theoptionsguide.com/long-strangle.aspx

http://www.theoptionsguide.com/options-spread.aspx

http://www.theoptionsguide.com/option-trading-strategies.aspx