Factor: Intraday Directional strangle
Non-Expiry Margin Rs. 11,60,000 for 1X multiplier
Expiry Margin Rs. 12,40,000 for 1X multiplier
Start Time: 09:20 AM
End Time: 03:09 PM
Execution Days: All Days
Preferable Days: Last week of monthly expiry
Favorable Conditions:
- Fall in volatility (or VIX)
- Directional Move either upwards or downwards
- Recommended VIX: 15 to 30
- Best suited in the last week of monthly expiry
Risk Factors:
- Rise in volatility (or VIX)
- No decay in premiums
- When market trades in both directions
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