Strategy description

DEACTIVATED - Weekly Options Strategy

This strategy, designed for intraday options selling, is currently deactivated. A new version focusing on monthly options is in development.

Strategy Description

This intraday options-selling approach involves trades in NIFTY (2 lots) and BANKNIFTY. The strategy sells a strangle initially and adjusts positions based on market movements:

1. Profit Booking: The profitable side is closed, and the strike price is moved closer to the loss side.
2. Final Adjustment: When the position becomes a straddle, no further adjustments are made. If the market moves significantly, the entire position is exited.

Strategy Details

• Entry Time: After 10:00 AM
• Exit Time: After 3:00 PM
• Days Active: All weekdays
• Capital Requirement: ₹6,00,000
• Trades Per Day: 12 to 14
• Brokerage Consideration: Suitable for very low or zero brokerage plans, especially with higher multiplier deployments.
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Error Management in Live Deployment

1. Execution Issues:
   If execution issues occur, you will see an "Error Execution - Manage" option on the Tradetron page. You can:

   • Try Again: Resolve the issue and attempt the trade again.
   • Cancel: Exit the strategy for the day.
   • Completed Manually: Mark it manually completed and move on.

2. End-of-Day Scenarios:

   • If no action is taken post-error and the market closes, the broker system (using MIS order type) will automatically square off all open positions.
   • Before the next day, delete and redeploy the strategy or choose "Completed Manually" and reactivate.

Note

This is an intraday strategy, and occasional execution errors do not impact the strategy’s overall functionality in the long term.