This strategy trades in Sensex weekly options, specially tailored for Tuesday. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending market - either upward or downward

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

Factor: Directional Strategy Sensex

Non-Expiry Margin: Rs. 2,30,000 for 1x multiplier

Expiry Margin: Rs. 3,10,000 for 1x multiplier

Start Time: 10:30 AM

End Time: 02:44 PM

Execution Days: DTE<=1

Preferable Days: NA

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

Default Parameters:

  • Symbol: SENSEX
  • Net Loss: 2000
  • Net Profit: NA
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 1
  • Premium Price: 100.00
  • Premium Range: NA
  • Strike Depth: NA, ITM: NA
  • Strike Diff: NA
  • Stop Loss for each leg(%): 60%
  • Time Interval (sec): NA