Strategy description

1. ThetaCore Sensex
   Developed by Delta Experts Algos
2. Executive Summary
   ThetaCore Sensex is an overnight, semi-directional options framework designed to utilize time decay using BSE Sensex contracts. Operating on a BTST (Buy Today, Sell Tomorrow) structure, the methodology combines short At-the-Money (ATM) straddles with far Out-of-the-Money (OTM) wings to construct a defined-risk Iron Fly. Built for market resilience, it carries fully hedged positions overnight—including across weekend sessions.
3. Execution Mechanics
   1. Core Structure: Sells ATM Call and Put options to capture time decay while securing far OTM Call and Put protections to cap extreme market movements and manage margin requirements.
   2. Semi-Directional Adaptation: Adjusts structural delta to lean with broader market momentum rather than remaining strictly neutral.
   3. Execution Schedule:
      1. Entry Window: 09:40 AM (initiates after opening volatility subsides)
      2. Exit Window: 09:30 AM next trading day (captures overnight decay at market open)
      3. Overnight Protocol: Holds fully hedged positions overnight, including across weekend sessions.
4. Protocol Management
   1. Dynamic Profit Management: Features an adaptive profit-securing algorithm that scales out or locks target objectives as the trade progresses, facilitating gain retention.
   2. Leg-Level Exit Trigger: Initiates individual leg exits if threshold parameters are breached, preventing rapid drawdowns on strong trending moves.
   3. Trailing Mechanism: Dynamically secures locked unrealized outcomes during favorable morning movements.
   4. Far OTM Safeguard: Reduces black-swan gap exposure and optimizes overall margin usage.
5. Key Specifications
   1. Underlying Index: BSE SENSEX
   2. Strategy Classification: BTST / Hedged Iron Fly
   3. Capital Requirement: ₹2,25,000 (Expiry / Positional Margin per multiplier)
   4. Trade Schedule: Entry at 09:40 AM → Exit at 09:30 AM (Next Day)
   5. Weekend Holding: Enabled (Fully Hedged)
6. Important Notice
   Delta Experts Algos is not a SEBI-registered investment advisor or research analyst. Algorithmic option strategies involve financial considerations. All trade metrics and automated triggers are generated by algorithmic engines for informational and educational purposes only. Traders are strongly encouraged to paper trade the strategy for at least one month and consult a certified financial advisor before live capital deployment.