created : 1 month ago| | live deployment: 0
created : 1 month ago | live deployment: 0
Theta Gainer Weekly Directional Option Selling Nifty 50
by: jacob
Strategy description
directional option selling strategy inspired by Theta Gainer's approach:
Strategy Type:
Directional Weekly Option Selling – Bullish or Bearish bias based on price action or indicators.
Indicators Used:
Supertrend (e.g., 3.5, 7)
EMA 20
Trade Logic:
Bullish Setup:
Price trading above Supertrend and EMA 20.
Nifty showing higher highs.
Sell ATM or slightly OTM PE.
Example: If Nifty is bullish sell 1 lot of PE ATM and Hedge 1 lot of PE at OTM
Bearish Setup:
Price trading below Supertrend and EMA 20.
Market showing lower lows.
Sell ATM or slightly OTM CE.
Example: If Nifty is bearish sell 1 lot of CE ATM and Hedge 1 lot of CE at OTM
Stop Loss and Exit:
At Trend Reverse or Indicator reversed.
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