Brahmastra

This strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. We earn theta decay if the market is range bound. If the market is trending either upside or downside, the strategy becomes directional.

‍Note: – Trading in this strategy should be avoided on Friday or Event day.

Factor: Delta Neutral

Margin Required: Rs. 1,45,000 for 1x multiplier

Start Time: 9:16 a.m.

End Time: 3:04 p.m.

Execution Days: All Days

Preferable Days: Monday to Thursday

Favourable Conditions:

Fall in Volatility
Range Bound movements
Fall in premiums even with directional move
Recommended VIX: 15 to 30

Risk Factors:

Rise in Volatility
No decay in premiums
Increase in premiums

Default Parameters:

Symbol: BANK NIFTY
Net Loss: 1500
Net Profit: -
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: 25%
Strike Depth: OTM 50
Strike Diff: 100
Time Interval (sec): NA

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