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created : 3 weeks ago| | live deployment: 2
Strategy description
NFO Flying Condor Strategy
Overview
The NFO Flying Condor is a proprietary intraday options strategy that combines features of both an Iron Fly and an Iron Condor. It harnesses time decay benefits while maintaining strict risk control and operational consistency.
Trading Logic
- First 15 days of the monthly expiry cycle: Trades Nifty Weekly Expiry options.
- Last 15 days of the expiry cycle: Switches to Bank Nifty Monthly Expiry options.
Strategy Composition
- Iron Fly (Butterfly): Aggressive theta decay around the ATM strike for premium collection.
- Iron Condor: Outer wings added to widen the breakeven range and buffer against market swings.
- This hybrid balances aggressive time decay with a wider safety net to increase your probability of daily success.
Risk Management & Targets
| Parameter | Value |
|---|---|
| Target per Day | ₹13,500 |
| Stop-Loss per Day | ₹7,500 |
| Overnight Exposure | None (all positions exited before market close) |
Capital & Margin
| Requirement | Amount |
|---|---|
| Capital / Margin | ₹350,000 |
| Defined Risk | Fully defined for disciplined trading |
Key Advantages
- Defined daily risk with consistent reward potential
- Zero overnight gap risk
- Optimized for theta decay in range-bound markets
- Hybrid design combining two proven strategies
Best Suited For
Discipline-focused option traders seeking consistent intraday income with clearly defined risk and no overnight exposure. The NFO Flying Condor offers a balanced, systematic approach to premium selling.
