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

Non-Expiry Margin: Rs. 2,85,000 for 1X multiplier

Expiry Margin: Rs. 3,45,000 for 1X multiplier

Start Time: 09:16 AM

End Time: 03:09 PM

Execution Days: All Days

Preferable Days: Weekly Expiry Days

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: 1800, 1800, PF-3000
  • Net Profit: NA
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: NA
  • Order Lot Slice: 1
  • Premium Price: 30.00 each leg
  • Premium Range: NA
  • Stop Loss for each leg:  80%
  • Strike Depth: NA
  • Strike Diff: NA
  • Time Interval (sec): NA