created : 4 months ago| | live deployment: 0
Strategy description
Strategy Overview
This is a non-directional end-of-day options strategy designed to benefit from overnight theta decay, while limiting directional risk through hedged legs.
Parameters
| Parameter | Details |
|---|---|
| Entry Time | 3:30 PM ET (Eastern Time) |
| Sell Legs | ATM Call & ATM Put (straddle) |
| Hedge Legs | Buy OTM Call & OTM Put – 1% away from spot |
| Stop Loss | 30% on each sold leg (CE and PE) |
| Universal Exit | Next trading day at 9:35 AM ET |
Highlights
- Designed to benefit from overnight premium decay
- Includes hedge legs for risk management
- Simple rules, quick execution, and daily exit – ideal for small capital and end-of-day traders
- Works well in range-bound to low-volatility overnight environments
Subscribers
