uTradealgos

Conservative Option Trader

Also known as Stable Stride Multi Leg Strategy , an uTrade Originals strategy —an innovative intraday approach to Nifty and Bank Nifty weekly options. This strategy sells call and put options, catering to both directional and non-directional market movements. With a multi-leg structure derived from three distinct strategies, it offers a dynamic solution for navigating the options market.

Factor: Stable Stride Multi – Leg

Margin required: Rs. 4,00,000 for 1X multiplier

Start Time: 09:20 AM 

End Time: 3:05 PM 

Execution Days: All days  

Preferable Days: All days

Favourable Conditions:

  • Range Bound movements
  • Fall in Volatility

Risk Factors:

  • High Volatility in market with increasing premiums 
  • No decay in premiums
  • Directional Move with rise in premiums

Default Parameters:

  • Logs: 0,1
  • Net Loss: 4400
  • Net Profit: NA
  • Option Type: BANK NIFTY – Sell Call, Sell Put, NIFTY – Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 20
  • Premium Price:
  • BANK NIFTY – 50, 20
  • NIFTY – 10
  • Premium Range: 50%
  • Stop Loss for each leg: 50
  • Strike Depth: OTM 20
  • Strike Diff: 100
  • Symbol: BANK NIFTY, NIFTY
  • Time Interval (sec): NA

This strategy trades in NIFTY and BANKNIFTY weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is designed for DIRECTIONAL and NON-DIRECTIONAL movements. This multi-leg strategy consists of six legs based on three different strategies in this portfolio. 

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