uTradealgos

Chakravyuh Ka Tod Bank Nifty

Also recognised as OI Based Strategy Bank Nifty within uTrade Originals, is an intraday option selling strategy which sells both Call & Put options. This strategy is fully based on ‘Open Interest’. It keeps changing positions based on changes in ‘Open Interest’.

Factor : OI (Open Interest) Based Strategy Nifty 

Margin required: Rs. 125,000 for 1x multiplier

Start Time: 10:00 AM

End Time: 3:05 PM 

Execution Days: All Days 

Preferable Days: All Days

Favorable Conditions:

  • Fall in Volatility 
  • Range Bound movements

Risk Factors:

  • High Volatility in market with increasing premiums 
  • No decay in premiums

Default Parameters:

  • Logs: 0,1
  • Net Loss: 1200
  • Net Profit: 1200
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot slice: 20
  • Premium Price: NA
  • Premium Range: NA
  • Stop Loss for each leg: NA
  • Strike Depth: 5 ITM, ATM 25 OTM
  • Strike Diff: NA
  • Symbol: BANK NIFTY
  • Time Interval (sec): 60

This strategy trades in BANK NIFTY weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is fully based on ‘Open Interest’. It keeps changing positions based on changes in ‘Open Interest’. 

Note: – Trading in this strategy should be avoided on an event day