This strategy trades in 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 change in ‘Open Interest’. The strategy takes entries at different times and uses enhanced approach to Stop-Loss (SL) for postion exits, enhancing risk management and adaptability.

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

Factor: OI (Open Interest)  Based Strategy

Non-Expiry Margin: Rs. 5,70,000 for 1x multiplier

Expiry Margin: Rs. 6,90,000 for 1x multiplier

Start Time: 10:00 AM

End Time: 03:09 PM

Execution Days: All

Preferable Days: All days are preferable for this strategy

Favourable Conditions:

  • Fall in Volatility
  • Range Bound movements
  • All days are preferable for this strategy
  • Recommended VIX : 15 to 30

Risk Factors:

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

Default Parameters:

  • Symbol: NIFTY
  • Net Loss: 5400
  • Net Profit: 5400
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 1
  • Premium Price: NA
  • Premium Range: NA
  • Strike Depth: OTM 50
  • Strike Diff: 50
  • Stop Loss for each leg(%): 20%
  • Time Interval (sec): NA