Sensex Theta Earner

This strategy trades in Sensex 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

Margin Required: Rs. 1,55,000 for 1x

Start Time: 9:18 a.m.

End Time: 3:09 p.m.

Execution Days: DTE <= 1

Preferable Days: Friday

Favourable Conditions:

Fall in volatility
Range Bound movements
Weekly expiry days are best suited

Risk Factors:

Large Directional Move either upward or downward
No decay in premiums
High Volatility in market with increasing premiums

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Default Parameters:

Symbol: Sensex
Net Loss: 900
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 1
Premium Price: 50
Premium Range: NA
Strike Depth: NA, ITM: NA
Strike Diff: NA
Stop Loss for each leg(%): 125%
Time Interval (sec): NA

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