Strategy description

A systematic intraday SPX straddle strategy designed to capture premium decay and intraday volatility, with a structured re-entry at 2 PM ET for optimized theta capture in the final hour.

? Entry Logic:

✅ First Entry – 9:40 AM ET

• Sell ATM Call & Put (Straddle)

• Stop Loss: 21% on each leg

• Exit Time: 2:00 PM ET

? Second Entry – 2:00 PM ET

• Sell ATM Call & Put (Straddle)

• Stop Loss: 10% on each leg

• Universal Exit: 3:50 PM ET

Highlights:

• Two-timed entries to capture intraday and late-day decay

• Dynamic risk control with tiered stop-losses

• Designed for high-liquidity instruments like SPX

• Suitable for non-directional intraday traders

• Fully rules-based and time-driven execution