Comment on From IIT to intraday options on Nifty

Hi,

Please find some scholarly articles at http://www.investopedia.com/university/options-pricing/ and http://www.investopedia.com/university/optionvolatility/ and once you are able to understand what decides the price of the option and where you have identified your edge, you can then decide whether to buy ITM, ATM or OTM options. Each have their own advantage and disadvantage as has been explained.
The articles might help you to understand how each of the parameters of OI, IV and direction decides the option price and you can then decide on which strike suits best for what you are looking for.
Best wishes to you !

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