Brahmastra Sensex - uTrade Algos

This strategy trades in Sensex weekly options. This is an intraday option selling strategy which sells both Call & Put options. We earn theta decay if market is range bound. If market is trending either upside or downside, the strategy becomes directional.
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Note: - Trading in this strategy should be avoided on Event day.

Factor: Delta Neutral Sensex

Margin Required: Rs. 3,10,000 for 1x multiplier

Start Time: 09:16 AM

End Time: 03:04 PM

Execution Days: Mon, Tue

Preferable Days: NA

Favourable Conditions:

Range Bound movements
Fall in volatility
Fall in premiums even with directional move

Risk Factors:

Increase in premiums
No decay in premiums
Rise in Volatility

Default Parameters:

Symbol: Sensex
Net Loss: 3000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: 75
Premium Range: 50%
Stop Loss for each leg: 10% Strangle, 25% Single Leg
Strike Depth: OTM 50
Strike Diff: 100
Time Interval (sec): NA

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