NF Guruvar Ka Guru - uTrade Algos

This strategy trades in 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.

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

Factor: Auto Strangle Theta Earner NF

Margin Required: Rs. 1,15,000 for 1X multiplier

Start Time: 9:16 am

End Time: 3:14 pm

Execution Days: All Days

Preferable Days: NA

Favourable Conditions:

Fall in volatility
Range Bound movements
Weekly expiry days are best suited
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:

Symbol: Nifty
Net Loss: 1000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 1
Premium Price: 30.00
Premium Range: NA
Stop Loss for each leg: 80%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

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