Your idea: The Wait and Trade framework bypasses underlying spot-chart lag by tra…

The Wait and Trade framework bypasses underlying spot-chart lag by tracking momentum directly on the option premium chart after the initial opening volatility settles. At exactly 09:20 AM or 09:25 AM IST, the algorithm identifies the At-The-Money (ATM) Call and Put strikes based on the current Nifty 50 or Sensex spot price and records their reference Last Traded Prices (P_{\text{ref}}). Rather than entering immediately and suffering morning chop, the system places a synthetic buy trigger 20% to 25% above each leg's reference price (P_{\text{ref}} \times 1.20), requiring the option premium itself to prove institutional buying pressure before capital is deployed. To avoid low-volatility decay, the algorithm only arms itself when India VIX is greater than 12.5 and the previous session exhibited range compression (such as an NR4 or NR7 day). Once either the Call or Put crosses its upward threshold and triggers an entry, an initial stop-loss is set at 20% to 25% below the entry premium. As the trade moves into profit, a step-trailing mechanism locks in gains—trailing the stop-loss upward by 5% for every 10% expansion in premium—until the stop is hit or the position is forcefully squared off at the 15:15 IST intraday cutoff.