General

Can you briefly explain how bank nifty long option strategy works?

This is a Bank Nifty long option breakout strategy that buys monthly expiry Calls and Puts whenever price breaks recent highs/lows. Each trade has a fixed stop-loss and a trailing stop-loss with no target. After a stop-loss, a new strike is selected for re-entry, with up to 15 trades per side and a maximum of 30 positions including hedges.