created : 3 days ago| |  live deployment: 20

created : 3 days ago |  live deployment: 20

Criminal  (81 subscribers)

0 ratings

Strategy description

Criminal is an EXPIRY INDEX OPTION WRITING. It is villain because it will trade on expiry day and sell 4-6 strikes of Nifty options that people are buying for zero or hero. This is very consistent strategy that gives 3-5% return on capital every month with small drawdowns. Our secret sauce is selecting correct strike and correct premium to sell that have high probability of going to zero.

DON'T TRY THIS AT HOME! If you pick wrong strike then option can become ITM so option will become hero and your account can become zero. 


Daily Target and Stoploss

This algo has a daily stoploss of approx. 8K on 1x multiplier. It has no daily target limit and lets the trades run until square off time (except for expiry where it books at Rs. 2).

Product Type and Square Off

This algo trades only intraday using MIS orders and all trades are squared off by 3:05 PM. 

Capital Required

The algo can have maximum 6 lot Nifty short option trades open at given time on 1x multiplier. That is 45K margin requirement as per Alice Blue. We also suggest keeping 25K additional MTM buffer. So total capital required in this case is 70K for 1x multiplier.

If you have different broker, please use their margin calculator and related information to calculate how much margin you need to keep. Please do not send us queries asking about how much margin you will need, you have to do your homework.

Profit Sharing

We are happy to announce that for the year 2020 Paper Street has switched to an OPTIONAL PROFIT SHARE model! That means we will not raise any mandatory profit share invoices for our clients. At the end of the month, the clients can pay whatever they like or even nothing at all :D


Automated Trading is NOT Unsupervised Trading

Good Past performance is no guarantee of future results. It also extends to the fact that you shouldn't discount an algo simply because it's done poorly recently as it can revert to its usual amazing results in future. Although our algos are 100% fully automated, you're advised to keep a slant eye over the account to monitor any significant deviation or errors.

Contact Information

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Email: [email protected]