Here is a trading (Positional) call given by my Critic for this Sept. Settlement:
SELL NIFTY Sept. 4000 Call around 200 to 250 rs upwards in the next two days time.
No anxiety of trading the Naked Nifty futures in this trade.You are actually selling Nifty at 4200 - 4250 when you sell 4000 call at Rs.200 - 250 or more.
He, my critic & friend, expects the Nifty to close below 4000 for the settlement.
Take your own decision after evaluating the merit & demerits of this call.
My addition:- If you are lucky to get this "sell at Rs.200 -250" today, book some profit when it falls to 4000 - 4050 area, and resell the same again and hold till the settlement.