created : 3 months ago| | live deployment: 1
Premium mining is a short straddle that sells both PE and CE weekly ATM options for Nifty/Bank Nifty. It adjusts the shorted strikes based on market moves.
This is an intraday strategy that will always have both side legs in trade once active.
Currently only the Index variant is available. We might come up with Nifty and bank Nifty variants in future.
Entry: Between 9:16 AM to 9:20
Exit: 3:15 PM (2:46 PM on weekly expiry)
Adjustments: Between entry and exit
Position type: Sell current week options (Straddle, adjustments performed).
Stop loss: There is no leg wise SL. There is a day wise SL of 4K.
Capital required: Please refer to the table above. While mentioned capital shall work with most of the brokers, we recommend you to check with your broker about margin requirements. Also, we recommend maintaining a 20K buffer on top of this.
Shared Code: a8b36758-edeb-47be-b0d2-2b4bbc4ad2d1
- 5% profit sharing
Profit sharing will be on your gross profit as shown by TT.
Invoices will be generated at the end of each month (On Fridays after monthly expiry).
Profit calculation will be done on High watermark basis i.e. 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.
Users will have to pay within 5 days of invoice generation. Defaulters will be blocked from all our strategies.
We may introduce fixed charges as well; in case we find more irregularities with profit share payments. Nothing to worry, for paying customers it will be adjusted from profit share.
Do paper trade for 1 month before deploying it live.
This is not always in trade strategy, so there can be periods without any entry taken by Algo.
Never change multiplier (X) once algo enters any trade. This might result in a loop.
This algo can be deployed mid-week, however we do not recommend entering mid-week. We highly recommend starting from a new weekly expiry on Fridays.
Start small – start with 1X multiplier. If you want to increase, increase gradually once you earn profits. Suggestion (and not recommendation) is to increase only once you earn profit worth half the capital mentioned in this strategy, for each increase in multiplier (X) by 1.
Always consider your risk appetite before you trade any algo. Know max loss that you can absorb and understand max. loss possible with any algo that you deploy. Don’t rely only on DD based on historical data – while History is truth, Market is supreme.
Slippages are part and parcel of the system. There can be various factors impacting slippages - queues at TT side, queues at broker side, queues at NSE side and other factors.
LA Shared codes and P&L summary: https://cutt.ly/qHNbzT9
BT Reports: https://cutt.ly/rHNnr3f
Strategy descriptions: https://cutt.ly/WHNng8g
Disclaimer: We are not SEBI registered investment or financial advisors. We are not liable for any losses as a result of using this algo. Kindly discuss this with your financial advisor before trading this algo.