Shaant Bazaar Ka Raja - uTrade Algos

This strategy trades in Nifty weekly options. This is an intraday option selling strategy which sells both Call and Put options of same strike price. This strategy is designed in a way that it keeps rolling the positions according to market directions. The strategy benefits in low volatile and range bound markets.
‍
‍Note: – Trading in this strategy should be avoided on an event day.

Factor: Auto Straddle

Peak Margin: ₹ 2,75,000 for 1X

Multiplier Range: 1X to 45X

Start Time: 09:20 AM

End Time:03:05 PM

Execution Days: All Days

Preferable Days: Monday & Tuesday

Favourable Conditions:

Fall in volatility
Range Bound movements
Recommended VIX: 15 to 30

Risk Factors:

High Volatility in market with increasing premiums
No decay in premiums
Directional Move with rise in premiums

Symbol: NIFTY
Net Loss: 2600
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: ATM
Premium Range: NA
Stop Loss for each leg: DTE=0-15% | DTE=1-35% | DTE=2,3,4-25%
Strike Depth: ATM
Strike Diff: 50
Time Interval (sec): NA

NF Shaant Bazaar Ka Raja