Your idea: The strategy enters at 10:00:00 AM (bypassing the opening 15-minute pr…

The strategy enters at 10:00:00 AM (bypassing the opening 15-minute price discovery whipsaws) and force-closes at 15:15:00 PM across all five weekdays (Mon–Fri). A. The 4-Leg Setup (1 Lot / 65 Qty) Leg 1 (Long PE Hedge): Buy Next-Weekly Put | Closest Premium: 45 | TGT: OFF | SL: OFF. Leg 2 (Long CE Hedge): Buy Next-Weekly Call | Closest Premium: 45 | TGT: OFF | SL: OFF. Leg 3 (Short PE Decay): Sell Current-Weekly Put | Closest Premium: 55 | TGT: OFF | SL: 90%. Leg 4 (Short CE Decay): Sell Current-Weekly Call | Closest Premium: 60 | TGT: OFF | SL: 75%. B. Execution Sequencing & Margin Safety Entry Setting (Long First): Hedges are bought first, securing the exchange margin reduction before short legs execute. Exit Setting (Exit shorts first: Yes): Short legs exit first, preventing short-term naked margin spikes. Execution Mode (Market Price): Orders execute at market to avoid hanging limit orders during rapid market spikes. 3. The Three Proprietary Pillars of Combo Alpha Pillar 1: The De-linked Breakout Runner On rangebound sessions (~65% of days), neither short stop-loss triggers. All four legs decay in tandem, capturing stable intraday theta. On trending breakout sessions (~35% of days), the market rallies or drops sharply. If the Short Call stops out at 75% (or Short Put at 90%), Partial Square-Off takes effect. Instead of closing the entire basket, the winning long hedge (e.g., Next-Weekly Call) is de-linked from the spread and allowed to run until 15:15 PM, turning what would have been a losing day into a large positive session. Pillar 2: Asymmetric Regime-Based Catastrophe Stop Loss Rather than using a fixed, wide stop loss across all days, risk is dynamically calibrated by market regime: Monday, Tuesday, Wednesday, Friday: Overall strategy stop loss is capped at ₹1,600. Thursday (Expiry Day): Expiry day gamma risk is capped by tightening the stop loss to ₹1,200, paired with an automatic rule to skip option selling if India VIX > 18.5. This retains +₹2.54 Lakhs in calm expiry theta while avoiding 0-DTE reversal traps. Pillar 3: Two-Tiered Trailing & Profit Lock Ladder Instead of closing trades at an arbitrary profit ceiling (which truncates large trend days), the strategy uses a structured trailing ladder: Initial Profit Lock: When strategy profit reaches ₹1,000, it locks ₹650 in profit (ensuring the day finishes positive). Dynamic Trail: For every additional ₹100 gain thereafter, the trailing floor steps up by ₹80. Break-Even Transition (Move SL to Cost): The moment one short leg stops out, the surviving short leg's stop loss immediately moves to its entry price, preventing a double stop-out.