NIFTY ATM Put Calendar Spread Strategy On the first trading day of the monthly expiry cycle, at 10:30 AM IST, sell the c — Tradetron Community
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NIFTY ATM Put Calendar Spread Strategy On the first trading day of the monthly expiry cycle, at 10:30 AM IST, sell the c

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Prateek Sethi

NIFTY ATM Put Calendar Spread Strategy

On the first trading day of the monthly expiry cycle, at 10:30 AM IST, sell the current-month ATM put and buy the next-month put at the same strike, using equal quantities.

Continuously monitor NIFTY spot against the active spread’s calculated upper and lower breakeven levels. If either level is touched or crossed, close both legs, select the latest ATM strike, and open a new calendar spread with the same position size. Recalculate the breakeven levels after every re-entry.

Repeat this process until the current month's expiry day. At exactly 2:00 PM IST on expiry day, close all remaining positions regardless of profit or loss. Do not open any new spread at or after the final exit time.

Maintain a consistent breakeven calculation method, equal quantities in both legs, and fixed position sizing throughout the strategy.

Ask TT AI

I can't give you the full build for this strategy. The source I have only covers deploying and managing a strategy once it's built (the Deployed page). It doesn't explain how to set up:

  • the 10:30 AM entry on the first day of the monthly cycle
  • picking the current-month and next-month expiries at the same ATM strike
  • calculating the upper and lower breakevens and comparing them to NIFTY spot
  • re-entering at the new ATM strike when a breakeven is touched
  • the 2:00 PM square-off on expiry day, with no new spreads after it

I won't guess keyword names or settings for those. For help building the conditions, use the chat on tradetron.tech.

What the source does cover, and how it applies to your strategy:

  1. Test it first in Live Offline. In My Strategies, click Deploy and choose Live Offline. It runs on live prices and records every trade, but sends no orders. (Paper Trading is now called Live Offline.)
  2. Keep the position size fixed with the multiplier. The multiplier (1x to 100x) scales the quantity of every leg by the same amount. If both legs have equal quantity in the strategy, they stay equal at any multiplier.
  3. Set Stop Looping with your re-entries in mind. This matters for your strategy. Stop Looping stops new entries once the deployment loops more times than the number you pick (1 to 20) in the Deploy dialog. Exits still go through. Your strategy exits and re-enters every time a breakeven is touched, so a low limit could block re-entries partway through the month. Choose the number with that in mind; 0 turns it off.
  4. Watch each re-entry with the run counter. The run number goes up by one each time the strategy enters, exits and starts again. The Run dropdown on the deployment shows each run's P&L and the total.
  5. Check why it did or didn't trade. Open the deployment's ⋯ menu → Notification Log.
  6. See your calculated values. If you store values such as the breakevens in runtime variables, ⋯ menu → Runtime Data shows them.
  7. Changing the logic later: pause the deployment, exit it, edit the strategy, then reactivate. Don't edit while it's Active or holding positions.

Example: you deploy at 1x in Live Offline with Stop Looping set to 0. Each breakeven touch shows up as a new run, with that run's P&L in the Run dropdown. If a re-entry doesn't happen when you expected, the Notification Log shows what the engine saw.

I can't say whether this strategy will make money. I can only help with how Tradetron works.

:sparkles: Answered by Ask TT (AI) from Tradetron’s docs. It can be wrong: check before you trade, and reply if something is off. Not investment advice.