This particular strategy, also identified as Auto Straddle within uTrade Originals, operates within the Nifty weekly options market. It functions as an intraday selling strategy for both call and put options, both at the same strike. Designed to continuously roll positions in response to market movements, this strategy thrives in low-volatility and range-bound markets. It’s advisable to refrain from trading activities aligned with this strategy on days marked as ‘event days’.