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created : 3 weeks ago| |  live deployment: 2

created : 3 weeks ago |  live deployment: 2

Nifty Theta As Monthly Salary V1

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

  1. Stable drawdown management for consistent portfolio performance
  2. Minimized large M2M swings via tight hedging and timely adjustments
  3. Purely delta-neutral setup
  4. Overnight positions protected with option hedges
  5. Captures Theta (time decay) for steady income
  6. Performs well in range-bound and low-volatility markets


Key Disadvantages

  1. Vulnerable to sudden intraday or overnight moves >400 points
  2. Overnight gap and volatility risk
  3. Requires frequent adjustments due to HFT nature


Who Can Deploy This Strategy

  1. Traders with ≥1 month of paper-trading experience
  2. One lot’s profit covers brokerage & taxes; recommended margin for 3+ lots for meaningful income


Key Details

ParameterDetail
Cycle DurationStart of month to monthly expiry (entry any time)
Capital Requirement₹125,000 per 1× multiplier
InstrumentNIFTY Monthly Options
TypePositional with tight hedges
Avg Trades/Day4–8 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 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.

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