I am an Intraday Options Trader. I Trade primarily on index such as NIFTY, BANKNIFTY and FINNIFTY. I use an option hedging strategy to limit my losses. One can earn decent monthly Income through Index Option selling. Even basic Strategies such as Iron fly, Butterfly, Straddle and Strangle can be deployed for a fixed return. There is no perfect strategy in the share market it's about combining various things and making profit. But most important is risk management and it is the outcome of Trading psychology