2) Instead of keeping SL on sold legs. I keep SL on otm options in the system SL was on 28000 PE at 220 (day high) SL was on 30000 CE at 165 (day high)

3) At 10:15 am, Bnf started to trend down and 28000 PE was bought at 220 and I immediately bought 30000 CE at 110

4) If you look at the straddle chart, there were lot of intraday spikes and your SL would have been hit if you had kept SL on atm sold legs

5) But after lot of intraday spikes the straddle from 980 closed at 880. A 100 point decay intraday. But even if both your buy option got triggered you would have made around 15-20 points inspite of such violent moves on both sides.

6) So instead of keeping stops on sold legs ,keep stops on otm wings and once both wings are bought try to get credit extra credit on other side to reduce the breakeven. By this you will not be out during spikes and will save slippages too if trading huge qty.

7) So always remember - Sell options as per view - Keep protective buy stop on otm legs - Once buy is triggered , stay clam and try to get extra credit by creating put spread or call spread as market movement Goodluck !!

@sourabhsiso19 In this case you mean after buy gets trig on one leg (PE), you buy the other leg also (CE) and sell more CE above the leg bought or slightly lower OTM CE?

@ki_ler Yes