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It is a uTrade original strategy also known as Stable Stride Multi Leg Strategy.

This strategy trades in Nifty and Bank Nifty 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 day.

It is a uTrade original strategy also known as OI Based Strategy

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 change in ‘Open Interest’. Note: - Trading in this strategy should be avoided on an event day.

It is a uTrade original strategy also known as Auto Strangle Theta Earner.

This strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is best suited for range bound markets, neutral and low volatility days

It is a uTrade original strategy also known as Delta Neutral

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 market is range bound. If market is trending either upside or downside, the strategy becomes directional. Note: - Trading in this strategy should be avoided on Friday or Event day

It is a uTrade original strategy also known as Auto Straddle

This strategy trades in Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options of same strike. This strategy is designed in a way that it keeps rolling the positions according to market directions. This strategy benefits in low volatile and range bound markets. Note: - Trading in this strategy should be avoided on an ‘event day’

It is a uTrade original strategy also known as Intraday Directional Strangle

This strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending market - either upward or downward. Note: - Trading in this strategy should be avoided on an ‘event day

A straddle is an options trading strategy that involves the simultaneous purchase of both a call option and a put option with the same strike price and expiration date. This strategy is designed to profit from significant price movements in an underlying asset, regardless of whether the price goes up (bullish movement) or down (bearish movement).

A short straddle is an advanced options trading strategy where an investor simultaneously sells a call option and a put option with the same strike price and expiration date. Unlike a regular straddle, where the investor buys both the call and put options, in a short straddle, the investor receives premiums from selling both options upfront.

A long straddle is an options trading strategy where an investor simultaneously purchases a call option and a put option with the same strike price and expiration date. This strategy is used when the investor anticipates a significant price movement in the underlying asset but is uncertain about the direction of that movement (upward or downward).

A strangle is an options trading strategy that involves buying or selling a call option and a put option simultaneously, both of which have the same expiration date but different strike prices. This strategy is used when traders anticipate a significant price movement in the underlying asset but are uncertain about the direction of the movement (upward or downward).

A long strangle is an options trading strategy where an investor simultaneously purchases a call option and a put option with the same expiration date but different strike prices. This strategy is used when the investor expects a significant price movement in the underlying asset but is uncertain about the direction of the movement.

A short strangle is an options trading strategy that involves selling both a put option and a call option with the same expiration date but at different strike prices. This strategy is employed by traders who expect the underlying asset's price to remain within a certain range, exhibiting little volatility, until the options expire.

An Iron Condor is an advanced options trading strategy that involves combining two credit spreads to create a position that benefits from low volatility and a relatively narrow price range for the underlying asset. It's designed to generate income when the underlying asset's price remains within a certain range, and it's particularly used when a trader expects minimal price movement.

A long iron condor is an options trading strategy that involves buying both a call option spread and a put option spread with the same expiration date but different strike prices. It's a neutral strategy used when a trader expects the underlying asset's price to remain within a certain range, exhibiting low volatility, until the options expire.

A short iron condor is an options trading strategy that involves selling both a call option spread and a put option spread with the same expiration date but different strike prices. This strategy is used when a trader expects the underlying asset's price to remain within a specific range, exhibiting low volatility, until the options expire.

A long iron butterfly is an options trading strategy that involves combining two options spreads with the same expiration date but different strike prices. This strategy is used when a trader expects the underlying asset's price to remain stable and not move much, resulting in low volatility. The long iron butterfly strategy seeks to profit from minimal price movement within a specific range.

A Long Iron Butterfly is a complex options trading strategy that involves four options contracts with the same expiration date but different strike prices. It's a neutral strategy that profits from a stock's price staying within a certain range. The four options involved are:

• Buy 1 Out-of-the-Money (OTM) Call
• Sell 2 At-the-Money (ATM) Calls
• Sell 2 At-the-Money (ATM) Puts
•  Buy 1 Out-of-the-Money (OTM) Put

A Short Iron Butterfly is another complex options trading strategy that involves four options contracts with the same expiration date but different strike prices. It's also a neutral strategy that profits from a stock's price staying within a certain range. The four options involved are:

• Sell 1 Out-of-the-Money (OTM) Call
• Buy 2 At-the-Money (ATM) Calls
• Buy 2 At-the-Money (ATM) Puts
• Sell 1 Out-of-the-Money (OTM) Put

A Long Call Butterfly is an options trading strategy that involves three call options with the same expiration date but different strike prices. It's a neutral strategy that profits from low volatility and a limited range of price movement in the underlying asset. The Long Call Butterfly consists of the following positions:

• Buy 1 In-the-Money (ITM) Call
• Sell 2 At-the-Money (ATM) Calls
• Buy 1 Out-of-the-Money (OTM) Call

A long-put butterfly is an options trading strategy that involves the use of multiple put options with three different strike prices. This strategy is designed to profit from a specific range of price movement in the underlying asset. It's called a "butterfly" because the options' payoff diagram can resemble the wings of a butterfly when plotted.

A short put butterfly is an options trading strategy that involves writing (selling) multiple put options with three different strike prices. Similar to the long-put butterfly, this strategy aims to profit from a specific range of price movement in the underlying asset. The payoff diagram of a short put butterfly can also resemble the wings of a butterfly when plotted.

A bull call spread is an options trading strategy that involves the simultaneous purchase and sale of two call options with different strike prices. This strategy is designed to profit from a moderate upward movement in the price of the underlying asset while also limiting the potential downside risk. It's called a "bull" call spread because it's generally used when an investor expects the underlying asset's price to rise, or in other words, when they are bullish on the asset's prospects.

A bull put spread is an options trading strategy that involves the simultaneous sale and purchase of two put options with different strike prices. This strategy is typically employed when an investor is moderately bullish on the underlying asset's price. The goal of a bull put spread is to profit from a moderate upward movement in the price of the underlying asset while limiting potential losses.

A bear call spread is an options trading strategy used when an investor expects a moderate decrease in the price of the underlying asset. It involves the simultaneous sale of a lower strike call option and the purchase of a higher strike call option. This strategy aims to profit from a decline in the price of the underlying asset while also limiting potential losses.

A bear put spread is an options trading strategy used by investors who anticipate a moderate decline in the price of the underlying asset. This strategy involves the simultaneous purchase and sale of put options with different strike prices. The goal is to profit from a decrease in the underlying asset's price while also limiting potential losses.

A long put is an options trading strategy used by investors who expect a decline in the price of the underlying asset, such as a stock. It involves purchasing a put option, which gives the holder the right, but not the obligation, to sell the underlying asset at a specified strike price before or at the option's expiration date.

A short put is an options trading strategy in which an investor sells (writes) a put option with the intention of profiting from a bullish or neutral market outlook. When employing a short put strategy, the trader collects a premium upfront but assumes the obligation to buy the underlying asset at a predetermined strike price if the option is exercised by the buyer.

A long call is an options trading strategy that involves purchasing a call option with the expectation of profiting from a potential increase in the price of the underlying asset. This strategy allows the investor to benefit from price appreciation while limiting the potential loss to the premium paid for the call option.

A short call is an options trading strategy where an investor sells (writes) a call option with the expectation that the underlying asset's price will either remain stable or decrease. This strategy involves taking on an obligation to potentially sell the underlying asset at a specified strike price if the option is exercised by the buyer.

For custom strategies: The capital required to deploy a trading strategy can change depending on several factors, including the type of strategy, the markets being traded, the desired level of risk, and the individual trader's goals and preferences. There is no fixed amount of capital that applies to all trading strategies.

For uTrade Originals: you get to see exactly how much capital is required for each strategy. Currently you need a minimum capital of Rs.5,00,000 for a particular strategy. Please note that each strategy has its own capital requirement, which you can check by clicking on the strategy card.

With uTrade Algos you can create your own customized strategies by clicking on create strategy present on the home page and entering the parameters required. Once you are done with entering your desired parameters you can either deploy or save your strategy for the future. You can leverage upon several existing option algos templates there and create 100s of multi leg strategies.

On the nav bar you will get the ‘My Portfolios’ option. Herein you can create new portfolios, monitor existing portfolios, edit/delete them, backtest them or deploy them in the live markets.

The dashboard is an overview of your positions taken, total P&L, available instruments, actively traded underlyings. You can also edit the windows as per your preference.

A counter reflects the number of times a strategy has run after exiting.

So the first time a strategy enters and exits, the counter will be 1. The strategy can be reactivated manually or automatically based on the settings. You can change this in the "Reactivate on exit" setting. If its set to "Never", a exit strategy will not be reactivated. If it's set to 2 minutes, the strategy will be reactivated 2 minutes after it exits and if the entry condition is satisfied it will take a new set of trades.  The next time it enters, it will be with counter 2 and so on.

A subscriber has full control in deciding position size using the multiple when deploying a strategy. By default the multiple is set to 1x but as a strategy creator you can allow the subscribers to deploy a much lower amount provided your strategy allows you to.  You can select a minimum multiple in the “Create/Edit Strategy” page which will be shown to the user when he attempts to deploy your strategy.

So if for example you allow “0.5x” as the minimum multiple, a user will be able to select anywhere upwards from 0.5x and the positions taken in his account will change accordingly vis a vis your default quantities

A set consists of independent entry, repair and exit conditions. Consider them to be fully functional sub-strategies within a strategy. Repair and Exit condition of a set applies only to positions taken by the Entry condition of that set.

The only conditions which apply to all positions irrespective of all sets are the universal repair and universal exit conditions.

Strike Price: The strike price is the predetermined price at which the underlying asset can be bought or sold. The relationship between the strike price and the current market price of the underlying asset influences the option premium. In general, as the strike price gets closer to the current market price (for call options) or moves further away (for put options), the option premium tends to increase.

The term "Expiry Date" refers to the date on which an options contract becomes invalid or expires. It is the last day on which the option holder can exercise their right to buy or sell the underlying asset at the specified strike price. After the expiry date, the option ceases to exist, and its terms no longer apply.

Algo logic sits on a server that is typically located as close to the stock exchange as possible. Its getting constant exchange market data multiple times in a second. The time taken for an algo to get the market data, process its algo logic, send out the order is referred to as algo trading latency.

Break Even point is that price point of the underlying at which your strategy would yield a scenario of no profit no loss - hence breakeven. Good thing that uTrade Algos comes equipped with a powerful payoff graph which gives you vital information such as the breakeven point (s), Maximum P&L, margin required and much more !

The price of options, also known as the option premium, is influenced by several key factors. Here are the main factors:

• Underlying Asset Price
• Strike Price
• Time to Expiration
• Volatility
• Interest Rates
• Dividends

In-the-Money (ITM): If the market price of the underlying asset is:

• lower than the strike price, the put option is in-the-money.
• Higher than the strike price, the call option is in-the-money.

In-the-Money signifies that the intrinsic value of the options contract is positive, that is if the contract is exercised right now, it will yield a positive payout barring the options premium.

At-the-Money (ATM): When the market price of the underlying asset is approximately equal to the strike price.

Out-of-the-Money (OTM): If the market price of the underlying is:

• Higher than the strike price, the put option is out-of-money.
• Lower than the strike price, the call option is out-of-money.

Out-the-Money signifies that the intrinsic value of the options contract is negative, that is if the contract is exercised right now, it will yield a negative payout.

Net Options Premium refers to the total amount of premium received or paid for a combination of options positions. It represents the overall monetary value of options premiums associated with multiple options contracts in each strategy or portfolio.

To calculate the net options premium, follow these steps:

• Determine Individual Premiums
• Multiply Premium by Contract Quantity
• Add Up Individual Premiums
• Calculate Net Options Premium

For example, let us say you sold two call options with a premium of Rs.3 each, sold one put option with a premium of Rs.2, and bought three put options with a premium of Rs.1 each. The calculation of the net options premium would be:

(2 * 3) + (-2) + (3 * -1) = 6 - 2 - 3 = 1

In this case, the net options premium would be Rs.1, indicating that the overall premium received for the combination of options positions is Rs.1.

Mark-to-market (MTM) is an accounting process used to calculate the value of an asset or position based on its current market price. It is commonly used in trading and investing to determine the unrealized gains or losses on open positions. This process helps traders and investors understand their current profitability or potential risks associated with open positions.

The calculation of MTM involves the following steps:

Initial Position: When you open a position, its value is initially recorded based on the purchase price or the prevailing market price at the time of entry.

Market Price Update: As the market price of the asset or position changes, the MTM calculation reflects the updated value. This is typically done daily or as frequently as required.

Unrealized Gain or Loss: The difference between the initial value and the updated market value represents the unrealized gain or loss on the position. If the market value is higher than the initial value, it indicates an unrealized gain, while a lower market value indicates an unrealized loss.

Margin Adjustments: The MTM calculation also affects margin requirements. If there is a significant change in the market value and it impacts the margin requirement.

Account Balance Adjustments: The unrealized gains or losses from MTM are typically reflected in your trading account balance. Positive gains may increase the account balance, while losses may decrease it.

It's important to note that MTM reflects unrealized gains or losses, meaning they are not realized until the position is closed. Once the position is closed, the final realized gain or loss is determined.

The term "Theta decay" refers to the gradual erosion of the time value of an options contract as it approaches its expiration date. It measures how much the option's value decreases as time passes, assuming all other factors remain constant.