I ve backtested an intraday strategy, not giving exact rules, but broadly more like ORB, where 1st 15 min range is broken say to the upside, going long and exiting at 3.15 pm. In this case you’d recommend buying a call or shorting a put?
I feel buying a call makes more sense since the risk is limited.
It really depend what you want less drawdown and more consistent profits or more drawdown
Bcoz selling has inherent theta decay edge
this is very very risky way of doing option trading . Basis should not be on what happened in the past , and also your strategy is too much time bound . This is plain gambling .
lets say tomorrow war broke out between india and Pakistan and US start supporting Pakistan then with in one session everything goes for a toss .
go Deep in your strategy in such a way that even if 1-2% swing on either side you should not worry .
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