Sensex Teji Mandi Ka King 2

This strategy trades in Sensex weekly options. This is an intraday option selling strategy which sells both Call & Put options. According to the market movement, loss making legs exits. We earn premium if market is range bound. If market is trending, the strategy becomes directional.
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Note: - Trading in this strategy should be avoided on an event day.

Factor: Directional Strategy Sensex

Non-Expiry Margin: Rs. 9,20,000 for 1X‍

Expiry Margin: Rs. 12,40,000 for 1X

Start Time: 09:20 AM

End Time: 03:09 PM

Execution Days: DTE <= 1

Preferable Days: Weekly Expiry Days

Favourable Conditions:

Directional move either upwards or downwards
Fall in volatility
Weekly expiry days are best suited
Recommended VIX: 15 to 30

Risk Factors:

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

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Default Parameters:

Symbol: Sensex
Net Loss: 10000
Net Profit: NA
Option Type: Sell Call (x3), Sell Put (x3)
Order Fill Price: 7
Order Lot: 1, 2, 1
Order Lot Slice: 1
Premium Price: 150
Premium Range: NA
Strike Depth: NA
Strike Diff: NA
Stop Loss for each leg(%): 25%
Time Interval (sec): NA

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