Chakravyuh Ka Tod Bank Nifty
Also recognised as OI Based Strategy Bank Nifty within uTrade Originals, is an intraday option selling strategy which sells both Call & Put options. This strategy is fully based on ‘Open Interest’. It keeps changing positions based on changes in ‘Open Interest’.
Factor : OI (Open Interest) Based Strategy Nifty
Margin required: Rs. 125,000 for 1x multiplier
Start Time: 10:00 AM
End Time: 3:05 PM
Execution Days: All Days
Preferable Days: All Days
Favorable Conditions:
- Fall in Volatility
- Range Bound movements
Risk Factors:
- High Volatility in market with increasing premiums
- No decay in premiums
Default Parameters:
- Logs: 0,1
- Net Loss: 1200
- Net Profit: 1200
- Option Type: Sell Call, Sell Put
- Order Fill Price: 7
- Order Lot: 1
- Order Lot slice: 20
- Premium Price: NA
- Premium Range: NA
- Stop Loss for each leg: NA
- Strike Depth: 5 ITM, ATM 25 OTM
- Strike Diff: NA
- Symbol: BANK NIFTY
- Time Interval (sec): 60
This strategy trades in BANK NIFTY weekly options. This is an intraday option selling strategy which sells both Call & Put options. This strategy is fully based on ‘Open Interest’. It keeps changing positions based on changes in ‘Open Interest’.
Note: – Trading in this strategy should be avoided on an event day
