Also recognised as Delta Neutral strategy within uTrade Originals, uses intraday selling for call and put options in Bank Nifty weekly options domain, capitalizing on theta decay, but avoids trading on Fridays or event days. However, if the market trends upward or downward, the strategy adopts a directional approach.
Factor: Delta Neutral
Margin required: Rs. 125,000 for 1x multiplier
Start Time: 09:16 AM
End Time: 3:05 PM
Execution Days: All Days
Preferable Days: Monday to Thursday
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.