Continuous Strangle adjustment

Dear Team,

please help me in writing code based on below criteria …

Strategy : Selling 50 Rs Call and put on Thursday at 2:00 PM of weekly expiry

Simple continuous adjustment :

  • If call goes double that of put then put gets squared off and sell again put LTP equal to current price of call till expiry is reached.

  • Same will in case of Put … If Put goes double that of Call then Call gets squared off and sell again put LTP equal to current price of Put… till expiry is reached.

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I also want its answer

Hello,

For custom strategy requirements, please fill up a form at http://questionnaire.tradetron.tech/ and team will get back to you with a quote.

The problem is looking up the “same LTP as the existing leg” after you close the low premium leg. As TT says, this is not possible in portal currently and needs to be custom made.
Alternative solution is to simply Sell the “current ATM” of the leg that got squared off, or go for ITM by a strike or two for higher premiums - wont be precise but the trade logic works the same since you are getting higher premiums in place of the closed position.
Coding such a thing is easy to do in TT portal.