Banknifty short strangle algo strategy
Budget: ₹1,500 – ₹12,500 INR
My strategy is simple
Just wanted to sell both CE and PE of price around 100
If one side price increased by 20 %
For example
100rs. CE reached to 120 rs
Then suppose PE at that time at 85rs. Then algo will book profit in PE and take a new entry in PE which price is near to 120 and now if PE price is increased by 20% i.e 144 rs then it will book CE and take a new entry in CE with price near to 144
It will continue in similar manner till I stop the algo
Also algo will buy both far otm CE and PE with a price around 5 rs for margin benifit
Just wanted to sell both CE and PE of price around 100
If one side price increased by 20 %
For example
100rs. CE reached to 120 rs
Then suppose PE at that time at 85rs. Then algo will book profit in PE and take a new entry in PE which price is near to 120 and now if PE price is increased by 20% i.e 144 rs then it will book CE and take a new entry in CE with price near to 144
It will continue in similar manner till I stop the algo
Also algo will buy both far otm CE and PE with a price around 5 rs for margin benifit