Nifty-Bank Nifty options trading strategies

Entry  0919 Exit     1500 Instrument  Sell   Bank Nifty CE/PE with premium <= 100 at 0919 based on Bank Nifty spot SL  25% Re-execute 2 times TSL 10% by 5% on both legs MTM SL 900 per lot Capital 1,25,000 per lot This strategy builds on the strategy as described in my other blog post  Bank Nifty 100 Point Strangle - REX 2 No TSL The only difference being that in this variation we have a trailing stop of 10% by 5% at leg level i.e. we shift the SL up by 5% on every 10% increase in profit in that particular leg   Below Quantiply set up is to trade with 1 lot Back testing Updated as of 5-Apr-24 Actuals ( Started trading from 1-Sep-22) Day wise trades for Mar 2024 Reason for high difference b/w back testing and actual Historical Trades Feb 2024 Jan 2024 Dec 2023 Nov 2023 Oct 2023 Sep 2023 Aug 2023 Reason for high difference b/w back testing and actual 1-Aug-23     PE leg took first re-entry immediately after exiting from first entry (10:34) whereas in back testing it took re-entry aroun

As many people wanted to know about this strategy, creating a blog post about this strategy.  This is the strategy which I took from Nifty Hacks you tube channel as described here. In Youtube video it is named as ARK-A strategy Now coming to rules of strategy: Entry time: 0916 Exit time: 1510 Instruments at entry: Sell 1 ATM straddle (ATM CE/ ATM PE) and one OTM2 Strangle (ATM + 200 CE/ ATM - 200 PE) based on Bank Nifty spot Stop Loss - MTM SL of 12k  4200 ( MTM SL changed to 4200  from 21-Jul-23 onwards ) Target - 4200  7000 on non-expiry days and 12,000 on expiry Capital - 3,10,000 Adjustments:   At every 200 point movement of Bank Nifty spot sell the loss making leg of earlier straddle taken and take a new entry in same type of leg to make sure that at current point we have a ATM Straddle + OTM2 Strangle. Also at a given time at max 3 legs of CE or PE strike will be active to manage margin.  Example is given below: (1) Say Bank Nifty at 0916 is 38,631 so ATM straddle at this