created : 7 months ago| |  live deployment: 242

created : 7 months ago |  live deployment: 242

Theta Earner

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Strategy description

This is a hybrid strategy designed to take trades in FinNifty or in Bank Nifty depending on the day. This is a Non directional intraday option selling strategy which sells 3 lots initially and makes adjustments as per the market movement. We earn theta decay if market is range bound. It benefits from expiry theta decay from both the indices in a single strategy which makes it more powerful.
It is first of its kind strategy on tradetron market place.
It gives a good balance to the portfolio as all our other strategies takes trades in Nifty and BNF only.

Strategy explanation video :

On Friday, Monday and Tuesday - FinNifty 3 lots short saddle. 

On Wednesday and Thursday - Bank Nifty 3 lot short straddle and buys 2 lot OTM hedges for margin benefit. (added hedges in Bank Nifty to match capital requirement with FinNifty)

The strategy would perform well in following situations:
1) Fall in Vix
2) Range Bound movements
3) V shape movements

The strategy would struggle in following situations:
1) Rise in vix

2)High Volatility in market with increasing premiums
3)Directional Markets

Frequently Asked Questions

Capital Requirement :     4,00,000 Rs for 1 X multiplier. Please check with your broker for exact margin requirement. 

Entry and Exit times :  Entry time is 0916 hrs and Exit time is 1440 hrs.

                                                Entry cut off time is 1400 hrs

                                                Strategy exits in between SL and target if range break out happens.


Target :  Open with TSL 

Stop loss :  6,000rs - 7,500rs

Live Auto PnL summary Report :  Algo Edge Capital Live Auto PnL Summary

To know more details about our strategies, Please contact 

Pascal: @AECSupport_Pascal (on Telegram) 
Jeetendra: @AECSupport_Tjeetu (on Telegram) 

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 Nuvama, IIFL and Alice blue. Users who opens account through our referral link and trades in that account, there is no profit sharing forever.

Nuvama (Edelweiss) account opening referral link (Elite plan 3 rs/lot or Lite plan 10 rs/order)

IIFL account opening referral link (5 rs/lot or 20 rs/order)

Alice Blue account opening referral link (15 rs/order)

After opening the account, please share your client id to and fill below form which helps us in the invoicing process.

Telegram channel :


Telegram discussions group :

Twitter link :

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.