Sensex Directional - uTrade Algos

This strategy trades in Sensex weekly options, specially tailored for Tuesday. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending market - either upward or downward
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‍Note: – Trading in this strategy should be avoided on an event day.

Factor: Directional Strategy Sensex

Peak Margin: ₹ 2,80,000 for 1X

Multiplier Range: 1X to 45X

Start Time: 10:30 AM

End Time: 02:45 PM

Execution Days: All Days

Preferable Days: NA

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

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Default Parameters:

Symbol: SENSEX
Net Loss: 2000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 1
Premium Price: 100.00
Premium Range: NA
Stop Loss for each leg: 60%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

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