What is Bhramastra?

This strategy, recognised as Delta Neutral within uTrade Originals, operates in the Bank Nifty weekly options domain. It functions as an intraday selling strategy for both call and put options. It capitalises on theta decay in range-bound markets, earning profits. However, if the market trends upward or downward, the strategy adopts a directional approach. Notably, trading activities aligned with this strategy should be avoided on Fridays or event days.