What is the best strategy for option trading?

There’s no such thing as the best strategy for options trading. One man’s sweet can be another man’s poison. While drawing your option strategy, there are many factors to be considered such as-

• Market Outlook- Whether it’s bullish, bearish or neutral.
• Your risk appetite
• Your trading experience- Whether you’re a beginner or experienced
• Your profit expectations

Even experienced traders struggle to find the best strategy as it varies from person to person and situation to situation. So, what works in a particular scenario may prove ineffective in other scenarios. So, pick your strategy by considering the factors discussed above.