uTrade Algos

Teji Mandi Ka King

Also known as Teji Mandi Ka King in uTrade Originals. This strategy trades in Nifty weekly options. This is an intraday option selling strategy which sells both Call & Put options of the same strike. This strategy is designed in a way that it keeps rolling the positions according to market directions. This strategy benefits in low volatile and range bound markets.

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

Factor: Intraday Directional Day 

Margin required: Rs. 125,000 for 1x multiplier

Start Time: 09:20 AM

End Time: 3:05 PM 

Execution Days: All Days

Preferable Days: Monday To Thursday

Favourable 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: 1200
  • Net Profit: NA
  • Option Type: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 20
  • Premium Price: 150 Each Leg
  • Premium Range: NA
  • Stop Loss for each leg: 25%
  • Strike Depth: NA
  • Strike Diff: NA
  • Symbol: BANK NIFTY
  • Time Interval (sec): NA