ST10- Index Option Scalper..

Created By: SaralTrading
Deployed By: Tradetron

Strategy Link:

Subscribers: 8

Rating: 4.2

Tags MarketNeutral
Margin 90,000
Exchange NFO


The strategy's core is to take directional view on BankNifty and trade the the move through Out-of-The-Money (OTM) Option writing. Depending on the market move after initial trade entry, 2 adjustments/ Repairs are carried out to cover the Banknifty moves of 500 points on either side, while gaining the intraday theta decay.

Quantities :-

Initial directional trade - 4 lots

First Adjustment/ Repair (if needed ) - 4 lots

Second Adjustment/ Repair (If needed) - 4 lots

So minimum Quantity = 4 lots (Daily)

Maximum Quantity = 12 lots (8-10 days a month approx.).

Time Frame  :-


Capital Requirement :-

Very subjective. Totally depends on broker and the exposure you get for BN option writing.  Assuming 10K per lot of option writing, maximum Capital Requirement is 120k.

Quantity Multiplier :-

Subscribers can choose quantity multiplier of 0.5x and 1x to 100x to manage their trades depending upon the capital one has.

Brokerage and Expenses :-

Depends on the brokerage with your respective brokers but generally is Rs. 110 per lot (brokerages +other taxes). So for a max. qty of 12 lots per day it will be 12x110= Rs. 1320per day.

Strategy Goal:-

The strategy targets 1-2% per day on the margin deployed  after brokerage and taxes, We can expect a rerun of 20-30% after brokerage on capital deployed.

Disclaimer : These results are based on simulated or paper trading or hypothetical performance results that have certain inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

Capital 90 K
PNL 65.3 K
Drawdown 22.21%
Std Deviation 0.79%
Sharpe Ratio 2.88
Month PNL PNL %
Jun, 20 16.2 K 17.96
Jul, 20 34.4 K 38.25
Aug, 20 10.3 K 11.42
Sep, 20 4.5 K 4.97