Option Strategies Monthly Weekly
Option Strategies Monthly Weekly
Option Strategies Monthly Weekly
CE Side Adjustments:
Divide the total premium of straddle by 2.
Add ½ of premium to Bank Nifty price noted above which
becomes the price for adjustment on upper side.
Exit CE once Bank Nifty crosses above upside adjustment
price range (Eg. 42500).
Re-enterthe closed strike if Bank Nifty reverses and closes
below our strike price of Bank Nifty (E.g. below 42000).
PE Side Adjustments:
Overnight Protection 1
(If someone don’t want any overnight risk and not
ready to lose earned profits)
Re-Execute :
Next day:
when first 5 mins candle high is broken , exit CE and continue as per CE Adjustment Conditions
mentioned above.
When first 5 mins candle high is not broken, then don’t exit CE.
If next day Bank Nifty opens between our strike price of bank Nifty and Straddle breakeven price
downside (Eg. 41000 - 42000)
when first 5 mins candle low is broken , exit PE and continue as per PE Adjustment Conditions
mentioned above.
When first 5 mins candle low is not broken, then don’t exit PE.
If gap is more than our full range i.e. 1000 points, exit all legs and initiate new ATM Straddle at
CMP of Bank Nifty and repeat.
Max Loss : 2%
Overnight Protection 1
(If someone don’t want any overnight risk and not
ready to lose earned profits)
Overnight Protection 2:
(for moderate risk takers but need to stay safe from
huge gap openings)
You can choose more far away hedges as well depend on your risk.
Re-Execute :
Next day:
If next day Bank Nifty opens between our strike price of bank Nifty and Straddle breakeven price
upside (Eg. 42000 - 43000)
when first 5 mins candle high is broken, exit the strategy and short a fresh Straddle at current
ATM and repeat.
When first 5 mins candle high is not broken, then don’t exit
If next day Bank Nifty opens between our strike price of bank Nifty and Straddle breakeven price
downside (Eg. 41000 - 42000)
when first 5 mins candle low is broken , , exit the strategy and short a fresh Straddle at current
ATM and repeat.
When first 5 mins candle low is not broken, then don’t exit .
If gap is more than our full range i.e. 1000 points, exit all legs and initiate new ATM Straddle at
CMP of Bank Nifty and repeat.
Max Loss : 2%
CE Side Adjustments:
Divide the total premium of straddle by 2.
Add ½ of premium to Bank Nifty price noted above which
becomes the price for adjustment on upper side.
Exit CE once Bank Nifty crosses above upside adjustment
price range (Eg. 42500).
Add1/4thpremium to Bank Nifty price noted above which becomes the price for re entry on
upper side.
Re-enter the closed strike if Bank Nifty reverses and closes below that price of Bank Nifty (E.g.
below 42250).
PE Side Adjustments:
Re-enter the closed strike if Bank Nifty reverses and closes above that price of Bank Nifty (E.g.
above 41750).
Overnight Protection 2:
(for moderate risk takers but need to stay safe from
huge gap openings)
You can choose more far away hedges as well depend on your risk.
Re-Execute :
Next day:
If next day Bank Nifty opens between our strike price of bank Nifty and Straddle breakeven price
upside (Eg. 42000 - 43000)
If first 5 mins candle high is broken , exit CE and continue as per CE Adjustment Conditions
mentioned above.
*If first 5 mins candle high is not broken, then don’t exit CE.
If next day Bank Nifty opens between our strike price of bank Nifty and Straddle breakeven price
downside (Eg. 41000 - 42000)
If first 5 mins candle low is broken , exit PE and continue as per PE Adjustment Conditions
mentioned above.
*If first 5 mins candle low is not broken, then don’t exit PE.
If gap is more than our full range i.e. 1000 points, exit all legs and initiate new ATM Straddle at
CMP of Bank Nifty and repeat.
Exit : Thursday at EOD
Max Loss : 2%
We take entry of 3 lots straddle at 9:20 and handle one as per conditions mentioned at
Version 1, one as per conditions mentioned at Version 3, directional systems and the last one
as per Version 2, which is a Non-Directional System.
Max Loss : 2%