Also known as Guruvar Ka Guru in uTrade Originals. 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.

Factor: Auto Strangle Theta Earner

Margin required: Rs. 130,000 for 1x multiplier

Start Time: 09:18 AM

End Time: 3:15 PM

Execution Days: All Days

Preferable Days: Weekly Expiry

Favourable Conditions:

Fall in volatility
Range Bound movements
Recommended VIX: 15 to 30

Risk Factors:

High volatility in market with increasing premiums
No decay in premiums
Large Directional Move either upward or downward

Default Parameters:

Logs: 0,1
Net Loss: 900
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: 50
Premium Range: NA
Stop Loss for each leg: 125%
Strike Depth: NA
Strike Diff: NA
Symbol: BANK NIFTY
Time Interval (sec): NA