Automated Options Trading Strategy Development

Budget: ₹1500 - ₹12500

Title: Build Automated Options Trading Strategy (Zerodha / Tradetron)

• Premium-Based Switching Logic

Description: I am an active trader currently executing a positional options selling strategy manually. I now want to automate this strategy either using Tradetron (preferred) or Python with Zerodha Kite API.

The strategy involves level-based entry, dynamic premium-based strike selection, and switching between CE and PE positions.

---

Strategy Overview:

1. Initial Entry:

• When underlying (Nifty) closes above a defined level (e.g., 22000 on 1-min chart)
• After a confirmation move (+7 points)
• Sell PUT option with approximately ₹70 premium (monthly expiry)

1. Switching Logic:

• When price reverses and closes below the level with confirmation (−7 points):

• Exit current PUT position

• Capture exit premium (example: ₹96)

• Sell CALL option with nearest premium to the exit value (~₹96)

1. Continuous Switching:

• Strategy continues switching between CE and PE based on level conditions
• Each new position uses the previous exit premium as reference

1. Exit Rules:

• Target: 30–35% premium decay
• Stop Loss: 30–50% premium increase

---

Key Requirements:

• Ability to:

• Select option strike based on closest premium value

• Implement dynamic premium carry-forward logic

• Handle position switching (exit + reverse entry)

• Apply risk rules (max trades, premium cap, time filters)

• Experience with:

• Zerodha Kite API OR Tradetron platform

• Options trading strategies (important)

---

Preferred Approach:

• Tradetron implementation (faster deployment), OR
• Python-based automation using Kite Connect API

---

Deliverables:

• Fully functional automated strategy
• Clear setup instructions
• Basic support for initial deployment

---

Please include in your proposal:

• Relevant past work (especially options strategies)
• Platform you recommend (Tradetron or Python)
• Estimated cost and timeline

---

Note: This is not a basic strategy. Only apply if you have prior experience with options algo trading and premium-based strike selection.

---