Option buying strategy

[Vinay_Prakash1]

Hi

I want to build an nifty/banknifty option buying strategy where I can buy ITM options.

But I am unable to find dynamic contract while adding the indices.

I want to buy when EMA 5 crossing EMA 9 on spot chart.

Is it possible to run this kind of option strategy in new streak?

[Streak]

hi @Vinay_Prakash1

Dynamic Contracts function is currently unavailable in the streak.tech platform, it will be released by May 24.

Currently, you can only add active FnO contracts manually in the streak.tech platform.

Do note that you can create FnO strategies by searching for the specific contract name and adding that to the strategy. You can refer to the below link to learn the Nomenclature of the contract and learn how to add the same to the strategy:

How to find the Current weekly Strikes in Streak?

Note that “NIFTY22SEP…” means the ‘Nifty September 2022’ contract. The last week’s expiry contract of any Month is nothing but the monthly expiry contract itself(There are no specific contracts for the last week’s expiry). Hence, the nomenclature for last week/monthly expiry contract is Symbol+Year+Expiry month+Strike price+Option type i.e. for example - NIFTY22SEP17000CE. And, for other weekly expiry contracts, the nomenclature is as follows: Symbol+Year+Expiry Month Number+Expiry Week+Strike…

If you want to buy when EMA 5 crossing EMA 9 on spot chart. then you can try