created : 2 weeks ago| | live deployment: 2
Strategy description
Weekly Nifty Theta Warrior V1
Overview
Weekly Nifty Theta Warrior V1 is a positional, delta-neutral strategy combining Iron Condor and Iron Fly setups with auto-adjustment features. It enters and exits multiple times within a week.
Key Advantages
- Effectively manages drawdowns for stable portfolio performance
- Minimizes large M2M swings via tight hedging and timely adjustments
- Purely delta-neutral strategy
- Protects overnight positions with proper option hedges
- Captures Theta (time decay) for consistent income
- Performs well in range-bound and slow-moving markets
Key Disadvantages
- Vulnerable to sudden intraday moves (>200 points)
- Risk from overnight gaps or volatility
- Requires frequent adjustments due to HFT nature
- Breakdown: ₹4,000 brokerage + ₹4,000 taxes & fees
Who Can Deploy This Strategy
- Traders with ≥1 month of paper-trading experience
- Profits from 2 lots cover brokerage & taxes; recommended margin for ≥6 lots
Key Details
| Parameter | Detail |
|---|---|
| Cycle Duration | Tuesday to Thursday (entry anytime within cycle) |
| Capital Requirement | ₹125,000 per 1× multiplier |
| Instrument | NIFTY Weekly Options |
| Type | Positional with Tight Hedges |
| Avg Trades/Day | 12–16 round trips |
| Max Drawdown | 12% of capital |
Shared Codes
Available on request. Please contact us for live-auto share codes.
Disclaimer
MKM is not a SEBI-registered financial advisor. This content is informational only and not a recommendation. P&L figures are based on live automated data. We strongly advise paper trading for ≥1 month to fully understand strategy behavior. Trading is not a shortcut to wealth—success requires discipline, risk management, and a long-term mindset.
