Also Known as Teji Mandi Ka King 2 in uTrade Originals,This strategy trades in Bank Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending markets – either upward or downward.

Note: – Trading in this strategy should be avoided on an ‘event day’.

Factor: Intraday Directional strangle

Margin required: Rs. 500,000 for 1X multiplier

Start Time: 09:25 AM

End Time: 3:10 PM

Execution Days: All days

Preferable Days: Monday to Thursday

Favorable Conditions:

Fall in volatility (or VIX)
Directional Move either upwards or downwards
Recommended VIX : 15 to 30

Risk Factors:

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

Default Parameters:

Logs: 0,1
Net Loss: 9600
Net Profit: NA
Option Type: Sell Call (x3), Sell Put (x3)
Order Fill Price: 7
Order Lot Slice: 8
Premium Price: 150
Premium Range: NA
Stop Loss for each leg: 25%
Strike Depth: 30
Strike Diff: 20
Symbol: BANK NIFTY
Time Interval (sec): NA

Teji Mandi Ka King 2 ​

Teji Mandi Ka King 2