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created : 2 weeks ago| |  live deployment: 2

created : 2 weeks ago |  live deployment: 2

Weekly Nifty Theta Warrior V1

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

  1. Effectively manages drawdowns for stable portfolio performance
  2. Minimizes large M2M swings via tight hedging and timely adjustments
  3. Purely delta-neutral strategy
  4. Protects overnight positions with proper option hedges
  5. Captures Theta (time decay) for consistent income
  6. Performs well in range-bound and slow-moving markets


Key Disadvantages

  1. Vulnerable to sudden intraday moves (>200 points)
  2. Risk from overnight gaps or volatility
  3. Requires frequent adjustments due to HFT nature
  4. Breakdown: ₹4,000 brokerage + ₹4,000 taxes & fees


Who Can Deploy This Strategy

  1. Traders with ≥1 month of paper-trading experience
  2. Profits from 2 lots cover brokerage & taxes; recommended margin for ≥6 lots


Key Details

ParameterDetail
Cycle DurationTuesday to Thursday (entry anytime within cycle)
Capital Requirement₹125,000 per 1× multiplier
InstrumentNIFTY Weekly Options
TypePositional with Tight Hedges
Avg Trades/Day12–16 round trips
Max Drawdown12% 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.

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