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. 1,45,000 for 1x multiplier

Start Time: 09:18 AM

End Time: 3:14 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
  • Symbol: BANK NIFTY
  • Net Loss: 900
  • Net Profit: NA
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 1
  • Premium Price: 50
  • Premium Range: NA
  • Stop Loss for each leg: 125%
  • Strike Depth: NA
  • Strike Diff: NA
  • Time Interval (sec): NA