created : 6 months ago| |  live deployment: 0

created : 6 months ago |  live deployment: 0

Nifty Primus

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Strategy description

This strategy is a positional trend following deep ITM option buying strategy aimed to earn profit through market movement on trending days and get saved from theta decay during the sideways market by buying deep ITM options. Its a high risk, higher rewards strategy.

    ENTRY TIME: 9:16 AM on the start of new weekly expiry (Mostly Friday)

    EXIT TIME: 3:00 PM on weekly expiry (Mostly Thursday)

    Position type: Naked Call/Put 8 strike ITM option buying as per market direction.

    Stop loss: There is no fixed SL on positions. Positions get changed based on reversal detection in the market

    Hedging: Buy 8 strike ITM Call/Put from current market price.


Capital required: 75K

Actual margin requirement - 20-25K
Buffer margin - 50-55K

We have kept a buffer margin of 50-55K which is on the very higher side based on the max historical drawdown of 32K in the last 1 year. Users are requested to strictly follow this margin so that you don't have to quit this strategy in case of drawdown. This strategy can recover from the drawdown very quickly, but for that, it is important to trade it consistently without break. Returns are still very lucrative with the margin requirement of 75K, so request you to follow it strictly for better peace of mind.

Historical drawdown: 32K

Kindly do not follow the drawdown mentioned in backtest reports. TT's backtest report doesn't give a clear picture of the drawdown. Based on weekly counters data of Backtest, this strategy gave a max drawdown of 32K on weekly basis with a max loss of 21K in one week.


There is 5% profit sharing on monthly basis. Invoice will be generated at the end of each month. Profit calculation will be done on the High watermark concept, which means loss incurred in any month will be settled against profit in the next month and profit-sharing will be applicable only on the profit remaining after settling previous outstanding losses.

Important Points :

1. This strategy can be deployed on any day of the week but it is highly recommended to start it with new weekly expiry from Friday morning.

2. Starting this strategy closer to the expiry increases risk as we are left with less time for recovery in case of initial losses. Request you not to deploy it during mid-week.  

3. Kindly paper trade this strategy for at least 1 month before deploying LIVE. Understanding the nature of any algorithm is a good practice before starting to trade it. 

Since it is a deep ITM option buying strategy, its Paper trade / Strategy description results would highly differ (with +ve slippage) from live auto results due to less liquidity on ITM strikes, request you to kindly follow our telegram for Live auto results before judging the strategy.

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!!!!!!!!! HAPPY TRADING !!!!!!!!!

Disclaimer: I'm not SEBI registered investment or financial advisor. Kindly discuss this with your financial advisor before trading this algo.