Teji Mandi Ka King 2 ​- uTrade Algos

This strategy trades in Bank Nifty monthly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending market - either upward or downward.
‍
‍Note: – Trading in this strategy should be avoided on an ‘event day’.

Factor: Intraday Directional strangle

Margin required: Rs. 5,60,000 for 1X multiplier

Start Time: 09:20 AM

End Time: 3:09 PM

Execution Days: Mon to Thursday

Preferable Days: Monday to Thursday

Favorable 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

Default Parameters:

Symbol: BANK NIFTY
Net Loss: 9600
Net Profit: NA
Option Type: Sell Call (x3), Sell Put (x3)
Order Lot: 2, 1, 1
Order Fill Price: 7
Order Lot Slice: 1
Premium Price: 150.00 each leg in all strategies
Premium Range: NA
Stop Loss for each leg: 25%
Strike Depth: NA
Strike Diff: NA
Time Interval (sec): NA

Join Our Community

Resources

uTrade

Contact us