F&O Hedging Strategy

Hi Fellow Traders, I was exploring a Hedging Strategy and have come up with something. Want to share across you all, to get your reviews and first-hand experience if anyone has tried anything similar. The strategy is to buy the NIFTY Futures and roll over them each month. To hedge, sell 2 lots of NIFTY Call Options, Out-the-money. This way we make sure that we eat premium from options to offset the rollover cost and then hedge the profit with Nifty movement. Please suggest.