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created : 1 month ago| | live deployment: 3
Strategy description
Monthly Nifty Theta As Salary V1
Overview
A positional, delta-neutral strategy combining Iron Condor and Iron Fly setups with auto-adjustment features. Positions are entered and exited multiple times within the month, focusing on monthly expiry options.
Key Advantages
- Stable drawdown management for consistent portfolio performance
- Minimized large M2M swings via tight hedging and timely adjustments
- Purely delta-neutral setup
- Overnight positions protected with option hedges
- Captures Theta (time decay) for steady income
- Performs well in range-bound and low-volatility markets
Key Disadvantages
- Vulnerable to sudden intraday or overnight moves >400 points
- Overnight gap and volatility risk
- Requires frequent adjustments due to HFT nature
Who Can Deploy This Strategy
- Traders with ≥1 month of paper-trading experience
- One lot’s profit covers brokerage & taxes; recommended margin for 3+ lots for meaningful income
Key Details
| Parameter | Detail |
|---|---|
| Cycle Duration | Start of month to monthly expiry (entry any time) |
| Capital Requirement | ₹125,000 per 1× multiplier |
| Instrument | NIFTY Monthly Options |
| Type | Positional with tight hedges |
| Avg Trades/Day | 4–8 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 advisor. This strategy is informational only, not a recommendation. P&L figures are based on live automated data. Paper-trade for ≥1 month to understand the strategy fully. Trading requires discipline, risk management, and a long-term mindset—no shortcut to wealth.
