Strategy description

Strategies will be created on NIFTY 50.

2.       MONTHLY Strategy

1. ENTRY: Sell 20 lots of straddle of 400  points (call and put ) away at current price of current settlement.
2. Buy current straddle of the call of the current week of calls and put of 1000  points away
3. The price has to be nearest 100 points ( i.e. between 251 points between 349 Points)
4. • Monthly strategy
   1. Enter the current month option contract right after the deployment if the next week contract is not the same as the current month expiry. Trade in Next month's contract if next week is the same as the current month.
   2. In case of current month open positions, rollover to next month on the first day where the condition of next week == current month is satisfied.
   3. Sell strike adjustment:
      1. If the difference between CE strike and current spot is <= 300 points, exit the CE and short the new CE strike which is 300 points above the atm. Same is applicable on the PE side as well.
      2. If the difference between CE strike and current spot is >= 500 points, exit the CE and  short the new CE strike which is 300 points above the atm. Same is applicable on the PE side as well.
   4. Buy strike adjustment:
      1. If the difference between CE strike and current spot is <= 600 points, exit the CE and Buy the new CE strike which is 1000 points above the atm. Same is applicable on the PE side as well.
      2. If the difference between CE strike and current spot is >= 1200 points, exit the CE and  Buy the new CE strike which is 1000 points above the atm. Same is applicable on the PE side as well.