Strategy description

BNF Smart Straddle v2: It is a option selling strategy in single lot BNF Option along with OTM Hedges. However, adjustments are such that this strategy becomes a contra strategy. Sometimes we may have upto 3 lots of buy position in Call / put options. 

Position Taken: It daily sell position @ 09:30 to 10:00 AM in one lot of Call & Put from current week expiry.

Capital Requirement: Margin required to trade this is INR 1.5 Lakhs (including buffer margin)

Risk Management: This strategy smartly managed risk by defining leg level stop loss at every leg basis technical and also tries to benefit from directional moves

Profit targets: We have not defined any target cap on profits. However, TSL activates at INR 1500. 

 Change Version:

23.07.23  Capital changed to 1.25L (Due to change in BNF lot Size)