I was observing NIFTY 50 premiums for the last few days, especially on expiry days, and noticed that at certain points the premiums tend to move aggressively in one direction.
So, I thought of deploying a similar setup on the Streak platform using time-based option strategies with an exit based on the combined P&L feature.
Initially, I was deploying the strategy around 2:00 PM. Has anyone noticed any other timings or specific reasons/conditions where this kind of setup has a higher probability of working better?
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I’ve seen this happen quite often too. Usually after 2 PM on expiry days, option premiums can start moving very quickly, especially if NIFTY is near an important level.Personally, I haven’t found any fixed time that works every week. It seems to depend more on how the market is moving that day than on the exact entry time. Paper trading it for a few expiries might help you spot a pattern.
According to my point of view, deploy it after when the index is almost consolidated for 1 hour and deploy it whenever it fakes one of the side of consolidation.
Most of the times it would start around 1:30.
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How does combined stop loss and target profit work in Streak?
