With increase in margin, many users have requested for a option buying bot, since we already have a proven trading system GRB which trades in futures, we implemented the same logic with option buying bot as well. The rules are simple, whenever GRB futures triggers Buy order, respective ATM Call options will be bought and if GRB futures triggers short order, then the option buying bot will buy respective ATM PUT options.
Stop loss will also be based on futures level, whenever GRB futures hits stop loss, the respective options will be exited by the bot automatically.
So every calculations and executions are completely automated, all users have to do is just login to https://www.squareoffbots.com and enter the lot size, rest all is taken care by the bots.
Due to numerous request, we have made this option buying bot, completely free for all users who open Aliceblue
account under Squareoff referral. All exiting BOT subscribers will get access to it by default, if you are new user simply open an account with Aliceblue
using this link
and get life time access to our Bank Nifty option buying bot.
Here’s the performance metrics of the Bank Nifty futures Golden Ratio Trading Strategy, trading 2 lots of ATM options would almost replicate this futures performance. The biggest advantage with Option Buying bot is no need to worry about SEBI’s frequent intervention about margin, and once we buy ATM options, if market moves in our favor, our ATM options becomes ITM and thus returns will be much higher. Though theta decay would affect the premium, over the longer run, the option buying bot would also replicate superior returns.
Usually premiums are higher during the beginning of Expiry, where ATM options will be priced anywhere between 300 to 400, so to buy one lot required margin would be around Rs.7500 to Rs.10,000. However, near to expiry day, premium goes down, where ATM options will be trading around 150 to 200, where we just need rs.4000 to Rs.5000 margin to buy one lot.
The historical results of this strategy can be downloaded from this link.