This strategy is also known as Intraday Directional Strangle,within uTrade Originals, is an intraday selling strategy for call and put options in the Bank Nifty weekly options market, particularly effective in trending markets. It’s advised to avoid trading on designated event days.
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
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 market – either upward or downward.
Note: – Trading in this strategy should be avoided on an ‘event day’.