Expiry Day Dual Rolling Strangles (DRS) Strategy with Algo Code
About Strategy
Stratgey Description:
Many of us avoid options, believing it too difficult to understand, and even many more have had really bad initial experiences with options buying because options buying required less capital, but the real fact is profits can be achieved through OPTIONS SELLING/WRITING, and the win rate is above 70-80% as its success rate is quite high, above 70%, as most of the OTM contracts expire worthlessly.
So, proper guidance, knowledge, and the right way to start selling options are very important. A systematic approach is a mandatory requirement in option selling to become a profitable options seller.
I have developed and coded this advanced strategy in the Tradetron-based Algo Trading platform in a very systematic manner to make option selling easy for you. The strategy will be set up in your account.
Thank you very much for reading so much of the description for this course! The fact that you have spent some of your valuable time here already reading this course. But if you are still not sure, here are three questions you can use to make the final decision!
- Do you want to learn how to make money in option selling, the safest way, via a fully automatic algorithm trading system?
- Do you want to make a profit with your investment of above 20-25% yearly, which no business can do?
- Do you want to learn the essence of options selling/writing strategies that people have even after spending lots of money elsewhere and wasting their valuable time?
Advanced Time-Based Straddle Strategy ( TBS Strategy ) is a rule-based Systematic risk-defined short straddle options selling strategy with a Fully Automated Algo Setup for a consistent monthly income strategy in the Sensex & Nifty Indices.
- Time-based short straddle is a very famous and popular strategy amongst the trading community. It has been used by traders for a very long time. The basic concept of a Time-based short straddle is basically a short straddle position at different time intervals. In this strategy, we will take three short straddles whose entry positions will be at three different times after market opening.
- This strategy is built for trading on weekly expiry days and performs best on the expiry day, and has a huge capability to generate maximum profits.
- Each of these short straddles is backtested with optimised time of executions and suitable use of the stop loss feature. The backtested data explain the effectiveness of the TBS strategy.
- This strategy is fully coded with the TRADETRON Algo for automated execution systems, eliminating human emotional bias.
   Strategy is built with –
- Nifty Index and Automated with TRADETRON Algo
- Sensex Index and Automated with TRDETRON Algo
What you’ll learn
Strategy Key Advantages
- Â Best Strategy for expiry day trading with high win rate probability.
- Well-defined risk management with minimum loss potential.
- Complete freedom from continuous monitoring of the front screen and become a disciplined trader through Algo automation.
- No need to know technical analysis, just rule based system trading using Algo.
Strategy Parameter Details
| Strategy Type | Options Selling, Intraday non-directional Strategy. |
| Trading Instruments | SENSEX /NIFTY |
| Expiry | Weekly Expiry |
| Entry Time: | Entry time: 09:25 AM |
| Exit Time: | Exit Time: 03:14 PM or when MAX LOSSÂ is activated. |
| Order Type: | NAML |
| Capital Requirement: | ₹3,50,000 (non-expiry), ₹4,00,000 (expiry days) / 1X multiplier. |
| Max Stop Loss: | Max Stop loss: ₹5500 per  1X multiplier |
| Max Profit | No TSL is applied. No fixed target; profit trailing after the threshold is reached |
- Capital Required: ₹3,50,000 (Average utilization ~80%, rising to 85–90% on expiry day)
- Average Trades per Month:Â ~125 (Entry + Exit)
- Entry & Reentry: Runs till weekly expiry or MTM trigger, whichever is first. Multiple entries and exits are possible during a counter’s lifespan. Fresh trades are taken the next day after an exit.
- Exit: Runs till weekly expiry or MTM trigger. No trades remain open on the Nifty expiry day.
Risk Management
- Fixed % Target – Locks in target at predefined levels.
- Fixed % Stop Loss – Prevents large drawdowns
- OTM Hedge Leg – Reduces margin requirements and safeguards against overnight gaps
Stratgey Material Includes
Who is this strategy for?
- This strategy is designed for anyone who wants to learn how to generate a consistent income for themselves with minimal risk and without needing to learn to read charts or stare at a computer screen every day.
- Anyone wanting to take control of their personal finances using advanced options strategies to achieve it
- Option traders who want to expand their knowledge about advanced Options Strategies and add new ones to their Portfolio
- Those who want to earn extra money every month to supplement their income.
- Â Intraday Trader, Options Sellers/Writers seeking to use Algo Trading
- Anyone who wants to learn profitable trading Strategies
- 1. Intraday Trader
2. Options Sellers/Writers.
3. Traders seeking to use of Algo Trading
4. Anyone who wants to learn profitable trading Strategies
Why Tradetron Algo Trading?
- Removes emotional decisions
• Creates repeatable results
• Makes performance measurable
• Helps you understand market logic deeply
• Gives you a powerful edge over impulsive trading
This course shows you exactly how those systems work in action.
Golden Rules
-Do not try to trade based on predicting the market. You will never be able to predict the direction of the beast.
Disclaimer:
- Optionsmindset is not a SEBI-registered investment or financial advisor.
- Trading with this strategy is not a shortcut to wealth—long-term discipline is essential for consistent results.
Algo Support & Service
Mobile: +91-9679616248
Email: contact@optionsmindset.in
Strategy Content
Introduction to Dual Rolling Strangles (DRS)
-
Strategy Parameters details