Banknifty Option Short Algo Trading Bot – BNF FLIP
Banknifty Weekly Option Short
Unlike other positional Bots, Weekly expiry Option Short Algo Banknifty FLIP is for those Traders who wants to trade with low margin and wants to capitalize non-directional movement of banknifty.
Banknifty FLIP, does not have any predefined Target, or stoploss. This Banknifty Weekly expiry Option Algo bot is designed as Bull/Bear spread, where far OTM options are bought and either ATM or ITM option short takes place. This bot generally takes continuous position, meaning it shall either hold Put short (if market is in uptrend) or it may take Call short (if market is in downtrend).
To begin with margin, it is approximately Rs. 65K approximately.
Risk and Reward:
Compared to typical straddle, Banknifty FLIP generally gives more return as it holds continuous position. The expected ROI may range between 3% to 8% averagely monthly. In summary this bot has higher return potential compared to typical weekly Bull/Bear spread.
In order to know more about this Bot, you can visit our Marketplace.
Historically, the Banknifty options short algo bot maintains more than 55% winning probability.
Although, we prefer not to commit on any profit ratios per month. But as per the last few month’s real trade history this bot can generate 5% return on investment, monthly.