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created : 1 year ago| |  live deployment: 2

created : 1 year ago |  live deployment: 2

The Seven 7️⃣ BankNifty

by:  QCALPHA

SD

Strategy description

Long/Short Volatility



The SOLVERS platform (ShOrt & Long Volatility Enhanced Returns System) runs non-directional short option trades to extract the volatility premium. 


The SEVEN strategy takes short options as well as long options positions on a positional basis for BankNifty


While trades are taken at any time in the day the algorithm triggers, Overnight Protection is taken for all trades that extend into the close for the day. The trade positions are completely hedged overnight. 


The strategy trades on BankNifty Current Weekly Expiry options.


System Capital Requirements (1X Multiplier):

Margin while in Trade: As per broker for short straddles + OTM strangles on BankNifty 

Trading Capital:  2L including Margin for trades + Risk Drawdown

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