created : 8 months ago| | live deployment: 0
Strategy description
DEACTIVATED - Weekly Options Strategy
This strategy, focused on intraday options selling, is currently deactivated. A new version designed for monthly options is under development.
Strategy Description
- Trades in NIFTY (2 lots) and BANKNIFTY.
- Begins by selling a strangleand adjusts based on market movement:
- Profit Booking: Profitable side is closed.
- Strike Adjustment: Moves the strike price closer to the loss side until it transitions into a straddle.
- Final Adjustment: Once a straddle is formed, no further adjustments are made, and the strategy exits if the market moves significantly.
Strategy Details
- Entry Time: After 10:00 AM
- Exit Time: After 3:00 PM
- Active Days: All weekdays
- Capital Requirement: ₹3,00,000
- Trades Per Day: 12 to 14
- Brokerage Consideration: Low or zero brokerage plans are recommended, particularly for higher multiplier deployments.
Error Management in Live Deployment
Execution Issues:
If an issue arises during live deployment, users will see the "Error Execution - Manage" option on the Tradetron page. Options include:- Try Again: Attempt to resolve and retry.
- Cancel: Exit the strategy for the day.
- Completed Manually: Mark as manually completed and continue.
End-of-Day Scenarios:
- If no action is taken post-error and the market closes, the broker’s MIS order system will automatically square off all open positions.
- For the next trading day:
- Delete and Redeploy the strategy.
- Or choose "Completed Manually" and reactivate.
Note
This is an intraday strategy, and occasional execution errors do not have a long-term impact. Remember, there is always a next trading day.
Subscribers
