Turtle Trader - uTrade Algos

This strategy trades in Nifty weekly and Banknifty monthly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is designed for DIRECTIONAL and NON- DIRECTIONAL movements. This Multi-leg strategy consists of six legs based on three different strategies in this portfolio.

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

Factor: COT2

Capital requirement: Rs. 4,50,000 for 1X multiplier

Start Time: 09:15 AM

End Time: 3:14PM

Execution Days: All Days

Preferable Days: All Days

Favourable Conditions:

Range Bound movements
Fall in Volatility
Recommended VIX: 12 to 30

Risk Factors:

High Volatility in market with increasing premiums
No decay in premiums
Directional Move with rise in premiums

Default Parameters:

Symbol: Banknifty, BANK NIFTY, NIFTY
Net Loss: 900, 450, 1100, PF-3900
Net Profit: NA
Option Type: BANK NIFTY: Sell Call , Sell Put & NIFTY: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: S1 (Banknifty) 1, S2 (BankNifty) 1, S3 (Nifty): 2
Order Lot Slice: 1
Premium Price: 50, 20, 30
Premium Range: NA
Stop Loss for Each Leg: 25%, 50%, 25%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

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