Overview

Employs shorts on both call and put of the same strike price.

This algorithm is designed to sell both a call option and a put option at the same strike price (called a "short straddle") when market conditions are favorable. It continuously monitors NIFTY 50 options data in real-time, calculating various volatility metrics and market indicators to determine the best time to enter this trade. The algorithm only runs during specific market hours (10:15 AM to 2:00 PM) and only when the market is open. How it works: The algorithm uses two main signals called "alpha" and "alpha2" to make trading decisions. Alpha measures the ratio of short-term volatility to long-term volatility for options prices, while alpha2 compares the implied volatility of out-of-the-money options to in-the-money options. When both alpha and alpha2 are below 0.2 (meaning the market is relatively quiet and volatility is low), the algorithm sells both a call and put option at the current market price (ATM - At The Money). This strategy profits when the market stays within a narrow range and doesn't move much, as both options expire worthless and the trader keeps the premium received from selling them.

Backtested Results

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Backtesting results are based on past data. Historical data does not guarantee future results.

Key Parameters

Drawdown

Risk : Reward

Frequency of trade

Risk

This algo is managed by...

Stratzy

INH000009180 SEBI registered algo provider

Algos in market24

Active since5 Years

Deployed by12.5K users

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Quiet Short Straddle

Backtest This Algo

Overview

Backtesting results are based on past data. Historical data does not guarantee future results.

Key Parameters

This algo is managed by...

Stratzy

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