Also known as turtle trader in uTrade Originals. This strategy trades in Nifty and Banknifty weekly 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. 400,000 for 1X multiplier

Start Time: 09:17 AM

End Time: 3:15 PM

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:

Logs: 0, 1
Net Loss: BNF1-900,BNF2-450,NF-1,100/PF-3,900
Net Profit: NA
Option Type: BANK NIFTY: Sell Call , Sell Put & NIFTY: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 2
Order Lot Slice: 20
Premium Price: 50, 20, 30
Premium Range: NA
Stop Loss for Each Leg: 25%, 50%, 25%
Strike Depth: NA
Strike Diff: NA
Symbol: BANK NIFTY, NIFTY
Time Interval (sec): NA

Turtle Trader