Strategy description

BNF Smart Straddle v2: This is an options selling strategy focused on a single lot of BNF options with additional OTM hedges. The adjustments in this strategy aim to align with market conditions and may occasionally result in up to three lots of buy positions in call or put options.

Position Taken: The strategy enters positions daily between 9:30 AM and 10:00 AM, selling one lot of call and put options from the current month's expiry.

Capital Requirement: The margin required to trade this strategy is approximately ₹1.25 Lakhs (including buffer margin).

Risk Management: This strategy incorporates risk management by setting leg-level stop losses based on technical parameters and seeks to adapt to directional market movements.

Profit Management: There is no predefined cap on profits, but a trailing stop loss is triggered at ₹1,500.

Change Log:

• 23.07.23: Capital requirement updated to ₹1.25 Lakhs due to changes in BNF lot size.
• 11.11.24: Instrument changed to monthly options instead of weekly expiry.

Disclaimer: Trading involves significant risk, and participants must take full responsibility for their decisions and potential losses. We are not SEBI-registered advisors or creators. It is recommended to consult a financial advisor or conduct thorough research before engaging with this strategy. Past performance is not indicative of future results, and outcomes may vary. Monitoring both the trading platform and your account is advised to ensure proper execution and alignment with your expectations.