Strategy description

Strategies will be created on NIFTY 50.

2.       NEXT Weekly Strategy

1. ENTRY: Sell 20 lots of straddle of 300 ( 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 900 points away
3. The price has to be nearest 100 points ( i.e. between 251 points between 349 Points)
4. 1 Enter the trades in the current week right after the deployment.
5. If the difference between CE strike and current spot is < 200  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.
6. If the difference between CE strike and current spot is >= 425 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.
7.  Above adjustments will continue to happen as per the market movement.
8. Rollover to the same strikes of next week expiry on 1 DAY before expiry day at 2.30 PM.