uTradealgos

Turtle Trader

This strategy is recognised as COT2 , 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.

Capital requirement: Rs. 3,90,000 for 1X multiplier

Start Time: 09:15 AM

End Time: 3:15 PM

Execution Days: All Days

Preferable Days: All days

Favourable Conditions:

  • Range Bound movements
  • Fall in Volatility

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: 3900
  • Net Profit: NA
  • Option Type: BANK NIFTY: Sell Call , Sell Put & NIFTY: Sell Call, Sell Put
  • Order Fill Price: 7
  • Order Lot: 1
  • Order Lot Slice: 20
  • Premium Price: 20.00, 50.00, 20.00, 15.00
  • Premium Range: NA
  • Stop Loss for Each Leg: 50, 50, 25, 30
  • Strike Depth: NA
  • Strike Diff: NA
  • Symbol: BANK NIFTY, NIFTY
  • Time Interval (sec): NA

This strategy trades in NIFTY and BANK NIFTY 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.