Also known as Shaant Bazaar Ka Raja in uTrade Originals. This strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. We earn theta decay if the market is range bound. If the market is trending either upside or downside, the strategy becomes directional.

Note: – Trading in this strategy should be avoided on Friday or Event day.

Factor: Auto Straddle

Margin required: Rs. 80,000 for 1X multiplier

Start Time: 09:20 AM

End Time: 3:05 PM

Execution Days: All Days

Preferable Days: Wednesday and Thursday

Favourable Conditions:

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

Risk Factors:

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

Default Parameters:

Logs: 0,1
Net Loss: 1000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: ATM Price
Premium Range: NA
Stop Loss for each leg: F,M,T-25%, W-35%, TH-15%
Strike Depth: ATM
Strike Diff: 50
Symbol: NIFTY
Time Interval (sec): NA