Teji Mandi Ka King 2
This strategy is also known as Intraday Directional Strangle within uTrade Originals, an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending markets – either upward or downward. It’s advised to avoid trading on designated event days.
Factor: Intraday Directional strangle
Margin required: Rs. 4,80,000 for 1X multiplier
Start Time: 09:20 AM
End Time: 3:10 PM
Execution Days: All days
Preferable Days: Monday to Thursday
Favorable Conditions:
- Fall in volatility (or VIX)
- Directional Move either
- upwards or downwards
Risk Factors:
- Rise in volatility (or VIX)
- No decay in premiums
- When market trades in both directions
Default Parameters:
- Logs: 0,1
- Net Loss: 9600
- Net Profit: NA
- Option Type: Sell Call (x3), Sell Put (x3)
- Order Fill Price: 7
- Order Lot Slice: 8
- Premium Price: 150
- Premium Range: 20
- Stop Loss for each leg: 25
- Strike Depth: 30
- Strike Diff: 20
- Symbol: BANK NIFTY
- Time Interval (sec): NA
This strategy trades in BANK NIFTY weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy performs well in trending markets – either upward or downward.
Note: – Trading in this strategy should be avoided on an ‘event day’.
