Nifty-Bank Nifty options trading strategies

This is an expiry day strategy which takes up to 2 adjustments per leg.  Entry time : 09:22 Exit time: 15:15 MTM SL : 3600 per lot Capital: 4,85,000  Logic:  1. Enter into a short straddle i.e. sell ATM CE and PE based on SPOT Nifty with leg level target as 50% and Stop-Loss as 60% 2. If target hit in step 1 for any leg then again take the entry in ATM option (Sell) for the same leg with same target and Stop-Loss of 50% and 60% respectively. No further entry to be taken if target is hit in second entry in a given leg.  3. If SL hit for any leg in step 1 or in step 2 then sell the opposite leg closer to 50 Point with SL as 50%. E.g. if the Stop loss is hit in CE option then PE option near to 50 should be sold.  4. If SL hit in leg taken in option 3 then buy ATM option of same leg as taken in step 3 with target of 40% and Stop-Loss as 25%. E.g. in step 3, we are buying a PE near to option 50 and its SL gets triggered then ATM PE option needs to be bought.  S...

Sensex Journey strategy on Thu as detailed out by Stock Mock @   Stock Mock Sensex Journey This strategy is running in Algo Test Logic of the strategy is also described as below: On 1 day to Sensex expiry , at 0922 sell Sensex ATM CE/PE weekly options based on spot with SL of 60% on both legs In case SL is hit for CE option Sell ATM PE weekly option based on spot with SL of 25% If SL is hit for ATM PE sold in above step then buy an ATM put weekly option with Target as 40% and Stop loss as 25% In case SL is hit for PE option Sell ATM CE weekly option based on spot with SL of 25% If SL is hit for option sold in above step then buy an ATM put weekly option with target as 40% and stop loss as 25% Exit at 15:15 Keep a MTM SL of 5k per lot Back Testing Details (Updated as of 6-Dec-24) Actuals (Started trading from 4-Jul-24) Date wise trade details for Nov 2024: Reason for high difference between actual trades and backtesting 14-Nov & 22-Nov: Didn't trade because of Sensex expiry fall...