Strategy description

Strategy Overview

This strategy is designed to efficiently capture Theta Decay in weekly options for both NIFTY and SENSEX.

Strategy Description

The system first takes hedge positions, then builds the remaining legs. This ensures that excessive margin is never called while the setup is being constructed.
As the market moves, the legs are rolled to maintain a Delta Neutral position at the strategy level.
All trades are intraday MIS positions — no overnight carry.

Key Parameters

Error Management in Live Deployment

Handling Execution Issues:
If issues occur during live deployment, you will see the "Error Execution – Manage" option on the Tradetron page.

1. Try Again: Resolve the issue and retry.
2. Cancel: Not recommended, as the strategy may attempt the trade again.
3. Completed Manually: Mark the trade completed after executing the pending trade manually at the broker’s end.

End-of-Day Scenarios

1. If no action is taken and the market closes, the broker (MIS order type) will automatically square off all open positions.
2. Before the next trading day, either delete and redeploy the strategy or select "Completed Manually" and reactivate.

Important Notes

1. Occasional execution errors will not significantly impact the strategy.
2. The system is designed for all market types, but on extremely volatile days (IV above 40 – rare), it is better not to deploy live.
3. This strategy is currently free but may be charged in the future. 
4. Because of hedges no of trades per day is on the higher side. It is recommended to use  a zero brokerage account for this strategy!

Support Contact

Email: [email protected]