NF Straddle Ride - uTrade Algos

This strategy focuses on trading Nifty weekly options; targeting intraday movements by selling both Call and Put options. It's designed to capitalize on both directional and non-directional market shifts, specifically tailored for trading sessions in the Nifty symbol.

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

Factor: NF ATM

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

Start Time: 9:30 am

End Time: 3:09 pm

Execution Days: All Days

Preferable Days: NA

Favourable Conditions:

Fall in volatility
Range Bound movements
Directional Moves
Recommended VIX : 12 to 30

Risk Factors:

Rise in volatility
High Volatility in market with increasing premiums
No decay in premiums

Default Parameters:

Symbol: NIFTY
Net Loss: 2400, 2400, 2400, PF-3600
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 1
Premium Price: NA
Premium Range: NA
Stop Loss for each leg: 30%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

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