Banknifty Weekly Option Short Straddle
Unlike other positional Bots, Weekly expiry Option Short Algo Banknifty WiSTR is for those Traders who wants to trade with low margin and wants to capitalize non-directional movement of banknifty.
Banknifty WiSTR, have predefined Target, as well as stoploss. This Banknifty Weekly expiry Option Algo bot is designed as IronFly, where two far OTM options are bought and two ATM option short takes place. Where the bot Short ATM Call and PUT together. This bot changes its ATM short scrips based on Banknifty’s movement, it also buys far OTM Call and Put to minimize the margin requirement.
To begin with margin, it is approximately Rs. 65K to Rs. 1 Lakh .
Risk and Reward:
Compare to typical straddle, Banknifty WiSTR generally gives less return as it is a Iron Condor and far OTM Options ends worthless. However as the margin reduces by 50% by converting a straddle into an iron condor, this bot has a potential to generate higher ROI. In summary this bot has higher return potential compare to typical Straddle.
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.
Return on Investment Banknifty options short algo
In case of Weekly Option Short Algo WiSTR the margin requirement ranges between Rs. 65,000 to Rs. 100,000/-
Importantly, in Banknifty WiSTR iron condor strategy bot you can see the actual ROI based on actual trade data only.
Finally, if you want to know the monthly ROI, then based on last few month’s data Monthly expected ROI is 8%
As a rule, Please ensure you invest only your surplus fund, for Banknifty options short algo bot
Additionally, You may want to know
Firstly, the required margin is Rs.100,000/- (approximate), however in addition to that we suggest/request to keep additional fund.
To clarify, this is a weekly positional bot on Banknifty Options.
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.
Of course, this is a fully automated strategy.
For example, there is no manual intervention, no installation, no cloud, no Amibroker no data plan is required.
No, this strategy is not for one time purchase,
Furthermore, you can get this strategy in subscription model or on profit share model based.
First and foremost, once the payment is done in our marketplace, the system shall automatically give you an option to select the bot.
Subsequently, you can choose the Bot and deploy the bot for live trading.
To clarify , no strategy can guarantee profit every month.
It should be noted that our team keeps working on the strategy to ensure your funds safety.
Importantly, with regular trades your chances are surely better to be in profit.