created : 4 months ago| | live deployment: 1
It is a Nifty option writing intraday strategy along with the OTM Hedges. The strategy is the blend of Straddle and strangle and tries to tackle directional and sideway markets. What makes this strategy more interesting and attractive is the smart adjustments it carries out to conquer the zig zag markets. This strategy takes 16 lots of call and put spread across various strikes based on pre-defined parameters.
Entry: It buys OTM hedge at 9:30 and shorts actual positions after that. (It should be noted that due to huge lot sizing, Entry post 11 AM is not recommended. In case you have taken a manual exit, be done for the day rather than taking a re-entry)
Target: No profit target has been defined. However, protection to profits has been enabled based on back-testing results.
Stop loss: INR 20000 /- per multiplier. (Can vary in range of +/ - 10% due to high volatility, Delay in order execution etc).
Exit: Strategy exit has been configured at 14.55 for the short legs and 14.57 for OTM hedges
Capital requirement: 11 Lakhs [+ 1.5 Lakh margin buffer]. (This is the capital requirement after considering the hedge benefit)
Fees: Fixed fee of INR. 2500/- and a variable fee of just 10% on gross profits.
(To get discounted
fixed (100%) and variable fee (50%), Open IIFL account under us and fill the
details in the attached form after account activation)
Will up updated once TT back testing resumes
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Disclaimer: Trading is inherently risky and the subscribers should bear complete responsibility for the outcome of trading and decisions you make including loss of capital. We are not SEBI registered advisor / creator so kindly contact your financial advisor or do your own research before subscribing to this strategy.
Good past performance is no guarantee of future results. It also extends to the fact - don't reduce your investment/multiplier simply just because of poor performance, In future - it can improve back to its usual amazing results.