This is Bear Put Ladder and Bull Call Ladder BANKNIFTY Options strategy, specially designed for positional option traders. This strategy can be automated with three Brokers i.e. Mastertrust and IIFL for now, as and when we integrate other brokers will update you all.
This strategy is available only under postpaid pricing plan.
This strategy bot shall hold position continuously, however there may be situations it shall not hold any position as well. The bot shall take position as 1:1:1 where for up trending market it shall Shorts 1 ITM Call option and simultaneously Buy 1 ATM call and 1 OTM call option. Similarly for falling/ down trending market, the bot shall Short 1 ITM Put option and simultaneously buy 1 ATM Put option as well as 1 OTM Put option.
Strategy:
Where the BOT buys OTM call and Put and Short ATM Call and Put. The strategy is designed keeping in mind market is in range bound in 60% days and can be Trending too. The Entry is at 09:20 am in the morning and this strategy adjust its Call and Put Short legs automatically based on BANKNIFTY's movement and might remain in Naked Short position as well during a trending day. If the market remains flat or Trending then this strategy performs well, if market becomes completely volatile then it fails.
Margin:
To avoid margin conflict, first we buy Call and Put far OTM options, and then Short the ATM options or nearest OTM options. During expiry dates we might short ITM options as well.
Target and SL Logic:
The strategy has a built in Target and Stop Loss. Stop Loss is from Rs 1000/- to Rs. 2000/ and Target is generally Rs. 1000 to 3000 varies depending on Premium, India VIX etc. Both Stoploss and Target changes on Expiry day, on Expiry day we Stoploss remains unchanged but Target increases as on the day of expiry the probability of premium to become Zero is high. However if the premium price is significantly low then we adjust both StopLoss and Target accordingly.
Disclaimer: The performance of the bot is subjected to the market condition. Historical performance can not confirm future result.
Holding : Positional
Instrument : BANKNIFTY
Segment : FNO
Market Conditions : Trending
Capital Required : 35000
Daily Return : 0.00 - 0.00 %
Monthly Return : 0.00
Yearly Return : 0.00
Winning Probablity : 0.00
