Brahmastra Sensex - uTrade Algos

This strategy trades in Sensex weekly options. This is an intraday option selling strategy which sells both Call & Put options. We earn theta decay if market is range bound. If market is trending either upside or downside, the strategy becomes directional.
‍
Note: - Trading in this strategy should be avoided on Friday or Event day.

Factor: Brahmastra Sensex

Peak Margin: ₹ 2,80,000 for 1X

Multiplier Range: 1X to 45X

Start Time: 09:16 AM

End Time: 03:05 PM

Execution Days: All Days

Preferable Days: NA

Favourable Conditions:

Fall in volatility
Range bound movements
Fall in premiums even with directional move
Recommended VIX: 15 to 30

Risk Factors:

Rise in volatility
No decay in premiums
Increase in premiums

Default Parameters:

Symbol: Sensex
Net Loss: 3000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: 75
Premium Range: 50%
Stop Loss for each leg: 10% Strangle, 25% Single Leg
Strike Depth: OTM 50
Strike Diff: 100
Time Interval (sec): NA

‍