Hi Nitin Sir,
This is regarding premium decay analysis. I have watched many videos but not able to understand these points:

1) Premium decay data is recorded in every 5 minutes, accordingly IV correlation with Nifty price also changes in every 5 min, so I am confused analyzing IV correlation and conclude. Please put some light in details.

2) In one of your recent video, you told that we should observe total premium of 3 highest OTM strike prices of call and put side and check the gap between these two totals. Can we do this analyse with the help of rate of change of both side total premium instead of observing gap.

Thank you