created : 9 months ago| |  live deployment: 2

created : 9 months ago |  live deployment: 2

Overnight Earner

Strategy description

Strategy Description :

This is an overnight option selling strategy designed with Nifty & Bank Nifty ATM straddles with OTM hedges for overnight protection (Its an iron fly in Nifty and Bank Nifty). Strategy captures overnight theta decay if market opens flat, small gap/downs. Strategy ends up in loss if there is huge gap up/down of more than 1%.

All the orders are NRML only.

Hedges in Bank Nifty 1000 points 

Hedges in Nifty 600 points

It is advised not to allocate more than 20% of your total capital in this strategy as it carries overnight risk.

This capital can be re utilised in all intraday strategies.

Entry and Exit times :  Entry time is 1501 hrs and Exit time is 0916 hrs. No entry on expiry day. (So, total 4 entries in a week)


Frequently Asked Questions                                           

Subscription fees :  Free

Profit sharing :   5% profit sharing on tradetron shown PnL. Profit sharing invoice will be generated monthly and user need to pay within 4 days, defaulter will be blocked from all our strategies.

Profit sharing discount :   We have tied up with Alice blue & IIFL. Users who opens account with Alice blue and IIFL through our referral link and trades in that account, there is no profit sharing forever.

Alice Blue account opening referral link  (5 rs/lot brokerage)

IIFL account opening referral link (5 rs/lot brokerage)

After opening account, please share your client id to

Telegram discussions group :

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Disclaimer :  Algo Edge Capital or I am not a SEBI registered investment or financial advisor. Don't deploy our strategies purely based on past performance only. We are not responsible for your profit or loss. Although this strategy is fully automated, you are advised to keep a track on your account to monitor any deviations or errors. As option selling involves market risks, Please consult your financial advisor before investing.