Sensex Directional - uTrade Algos

This strategy trades in Sensex weekly options, specially tailored for Friday. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending market - either upward or downward.
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‍Note: – Trading in this strategy should be avoided on an event day.

Factor: OI (Open Interest) Based Strategy Sensex

Margin Required: Rs. 1,20,000 for 1x multiplier

Start Time: 10:30 a.m.

End Time: 2:44 p.m.

Execution Days: DTE=0

Preferable Days: Friday

Favourable Conditions:

Fall in Volatility
Directional Move either upwards or downwards
Recommended VIX: 15 to 30

Risk Factors:

Rise in volatility (or VIX)
No decay in premiums
When market trades in both directions

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Default Parameters:

Symbol: Sensex
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: 100
Premium Range: NA
Strike Depth: NA, ITM: NA
Strike Diff: NA
Stop Loss for each leg(%): 60%
Time Interval (sec): NA

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