Factor: Intraday Directional strangle

Margin required: Rs. 6,20,000 for 1X multiplier

Start Time: 09:20 AM

End Time: 3:09 PM

Execution Days: DTE <= 4

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