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created : 5 months ago| |  live deployment: 5

created : 5 months ago |  live deployment: 5

Deep OTM Hedges for BNF Dynamic Wealth Creator ALGOs - All Days

Strategy description

This is a free add-on strategy for "BNF Dynamic Wealth Creator 2.5" and "BNF Dynamic Wealth Creator 3.0" for those who want to get additional leverage to sell options by buying deep OTM options.  This strategy just buys deep OTM (3000 points away on non-expiry & 2000 points away on expiry days) current week CALL and PUT options 1 minute before "BNF Dynamic Wealth Creator 2.5" and "BNF Dynamic Wealth Creator 3.0" starts selling options. Exits OTM options at 3:26 pm on non-expiry days and 3:05 pm on expiry days. There is no order tranching in this strategy as the options it buys are cheap and liquid options (strikes that end with 500 or 1000. For example 39500 or 40000 CALLs / 34500 or 34000 PUTs). You can buy maximum 48 lots in one deployment. 

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