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
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