Teji Mandi Ka King - uTrade Algos

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. 1,45,000 for 1x multiplier

Start Time: 09:20 AM

End Time: 3:04 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:

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

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