Sensex Shaant Bazaar Ka Raja - Pre-build Sensex Auto Straddle

This strategy trades in Sensex weekly options. This is an intraday option selling strategy which sells both Call & Put options of same strike. This strategy is designed in a way that it keeps rolling the positions according to market directions. This strategy benefits in low volatile and range bound markets.
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Note: - Trading in this strategy should be avoided on an ‘event day’.

Factor: Sensex Shaant Bazaar

Peak Margin: ₹ 2,80,000 for 1X

Multiplier Range: 1X to 45X

Start Time: 09:20 AM

End Time: 03:05 PM

Execution Days: All

Preferable Days: NA

Favourable Conditions:

Fall in volatility
Range Bound movements
Recommended VIX : 15 to 30
Best suited for Wednesday and Thursday

Risk Factors:

High volatility in market with increasing premiums
No decay in premiums
Directional move with rise in premiums

Symbol: SENSEX
Net Loss: 2000
Net Profit: NA
Option Type: Sell Call, Sell Put
Order Fill Price: 7
Order Lot: 1
Order Lot Slice: 20
Premium Price: ATM
Premium Range: NA
Stop Loss for each leg: DTE-0: 15% | DTE-1: 35% | DTE-2,3,4: 25%
Strike Depth: ATM
Strike Diff: 100
Time Interval (sec): NA