General

Explain Nifty Theta Strategy?

This is a Nifty theta strategy designed to capture theta decay. It starts with a short straddle and, when the index moves significantly, it closes the loss-making leg and enters a new straddle at the updated level. Up to 5 straddles can be taken in a day, with no further entries beyond that. The strategy’s primary profit driver is theta decay, supported by systematic adjustments as the market moves.