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created : 1 year ago| |  live deployment: 0

created : 1 year ago |  live deployment: 0

Margin booster for Banknifty - NRML

There are no tags defined for this strategy.

Strategy description

With the decrease in leverage in FNO, the margin booster algo buys a long strangle worth Rs.50 in Banknifty current week options and exits on weekly expiry at 15.25hrs. The total cost of this hedge is about Rs.1200-1300 for a week for 1 set. After deploying this, your Banknifty straddle cost would be less than 1lakh due to hedging margin benefit. Now its your call to choose between 1.33x leverage vs hedging benefit with a cost. 


This can be deployed with Daily wages series or any of the banknifty based strategies which takes position in NRML order type. This will not benefit MIS order types. 


Note: 

This will take entry anytime you deploy. Ideal is to deploy this before friday morning 9.15am.... it takes position immediately. 

It will exit on expiry day at 15;:25hrs. Ie., the whole week, it will hold this buy position and the total cost for 1x is approx Rs.50 (25+25 for CE & PE). 


IF YOU ARE TAKING BENEFIT OF HEDGE TRADES AND HAVE HIGHER MULTIPLIERS, KINDLY ENSURE THAT THIS ALGO IS TRADED FIRST AND THEN DAILY WAGE SERIES STARTS (9.17am) or any other NRML option selling algos.  

Trading History

Instrument Entry Date Exchange Qty Price
OPTIDX_BANKNIFTY_29SEP2022_PE_38000 23 Sep 2022 NFO 25 19.25
OPTIDX_BANKNIFTY_29SEP2022_CE_42700 23 Sep 2022 NFO 25 18.90
OPTIDX_BANKNIFTY_22SEP2022_PE_38100 22 Sep 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_22SEP2022_CE_43100 22 Sep 2022 NFO -25 0.15
OPTIDX_BANKNIFTY_22SEP2022_PE_38100 16 Sep 2022 NFO 25 18.05
OPTIDX_BANKNIFTY_22SEP2022_CE_43100 16 Sep 2022 NFO 25 19.90
OPTIDX_BANKNIFTY_15SEP2022_PE_38600 15 Sep 2022 NFO -25 0.15
OPTIDX_BANKNIFTY_15SEP2022_CE_42100 15 Sep 2022 NFO -25 0.10
OPTIDX_BANKNIFTY_15SEP2022_PE_38600 12 Sep 2022 NFO 25 17.70
OPTIDX_BANKNIFTY_15SEP2022_CE_42100 12 Sep 2022 NFO 25 17.90
OPTIDX_BANKNIFTY_08SEP2022_PE_37000 08 Sep 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_08SEP2022_CE_41400 08 Sep 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_08SEP2022_PE_37000 02 Sep 2022 NFO 25 17.80
OPTIDX_BANKNIFTY_08SEP2022_CE_41400 02 Sep 2022 NFO 25 19.35
OPTIDX_BANKNIFTY_01SEP2022_PE_37000 01 Sep 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_01SEP2022_CE_41000 01 Sep 2022 NFO -25 0.10
OPTIDX_BANKNIFTY_01SEP2022_PE_37000 26 Aug 2022 NFO 25 19.95
OPTIDX_BANKNIFTY_01SEP2022_CE_41000 26 Aug 2022 NFO 25 19.85
OPTIDX_BANKNIFTY_25AUG2022_PE_37900 25 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_25AUG2022_CE_41000 25 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_25AUG2022_PE_37900 19 Aug 2022 NFO 25 19.65
OPTIDX_BANKNIFTY_25AUG2022_CE_41000 19 Aug 2022 NFO 25 18.50
OPTIDX_BANKNIFTY_18AUG2022_PE_36900 18 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_18AUG2022_CE_40200 18 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_18AUG2022_PE_36900 12 Aug 2022 NFO 25 18.35
OPTIDX_BANKNIFTY_18AUG2022_CE_40200 12 Aug 2022 NFO 25 18.90
OPTIDX_BANKNIFTY_11AUG2022_PE_35200 11 Aug 2022 NFO -25 0.20
OPTIDX_BANKNIFTY_11AUG2022_CE_39700 11 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_11AUG2022_PE_35200 05 Aug 2022 NFO 25 19.00
OPTIDX_BANKNIFTY_11AUG2022_CE_39700 05 Aug 2022 NFO 25 17.50
OPTIDX_BANKNIFTY_04AUG2022_PE_35700 04 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_04AUG2022_CE_39300 04 Aug 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_04AUG2022_PE_35700 29 Jul 2022 NFO 25 18.25
OPTIDX_BANKNIFTY_04AUG2022_CE_39300 29 Jul 2022 NFO 25 17.65
OPTIDX_BANKNIFTY_28JUL2022_PE_34500 28 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_28JUL2022_CE_37900 28 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_28JUL2022_PE_34500 22 Jul 2022 NFO 25 19.75
OPTIDX_BANKNIFTY_28JUL2022_CE_37900 22 Jul 2022 NFO 25 17.70
OPTIDX_BANKNIFTY_21JUL2022_PE_33000 21 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_21JUL2022_CE_36300 21 Jul 2022 NFO -25 0.15
OPTIDX_BANKNIFTY_21JUL2022_PE_33000 15 Jul 2022 NFO 25 17.35
OPTIDX_BANKNIFTY_21JUL2022_CE_36300 15 Jul 2022 NFO 25 17.50
OPTIDX_BANKNIFTY_14JUL2022_PE_33100 14 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_14JUL2022_CE_36800 14 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_14JUL2022_PE_33100 08 Jul 2022 NFO 25 18.65
OPTIDX_BANKNIFTY_14JUL2022_CE_36800 08 Jul 2022 NFO 25 18.35
OPTIDX_BANKNIFTY_07JUL2022_PE_30500 07 Jul 2022 NFO -25 0.05
OPTIDX_BANKNIFTY_07JUL2022_CE_35000 07 Jul 2022 NFO -25 0.15
OPTIDX_BANKNIFTY_07JUL2022_PE_30500 01 Jul 2022 NFO 25 17.45
OPTIDX_BANKNIFTY_07JUL2022_CE_35000 01 Jul 2022 NFO 25 18.85
OPTIDX_BANKNIFTY_30JUN2022_PE_31200 30 Jun 2022 NFO -25 0.10
OPTIDX_BANKNIFTY_30JUN2022_CE_35500 30 Jun 2022 NFO -25 0.05
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