Advance Option

Strategy
in
Future & Option (F&O)

GreekSoft Technologies Pvt. Ltd.

507, 5th Floor, Western Edge – 1,
Western Express Highway,
Borivali (East),
Mumbai – 400 066.
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Introduction
This document gives overview of the Option Strategies Spread, Triangle & Butterfly Arbitrage
module in derivative segment in any exchanges.

Advance Option Strategy (Single Leg, Two Legs, Three Legs, Four Legs)

G.E.T.S. Advance Option Strategy provides four in customized Option strategies with access of
SINGLE LEG, SPREAD, TRIANGLE & BUTTERFLY and CONDOR and user friendly
platform, where user can generate various recognized option strategies in any exchange
Derivative Segment.

User can select the customized single leg, tow leg, three leg and four leg strategy with stop loss, target
and trailing stop loss functionality on each leg.

The number of maximum orders submitted is parallel to it lease line capacity.

Algo Screen -
Details of parameters mentioned in above Algo window Strategy Type :–

 Pro/Cli – User can select the respective account for trading i.e Proprietary account, Client account
and Client group.

 In Group user can select the and create the client group at which the trade want to execute.
 In above screen, user will get to see the available client on left side window.
 User need to add those clients to right side by selecting the client with “Add” button.
 Also user can select the multiplier from lot multiplier and after adding the client to group.
 User can select the multiplier as per lot and fund.
 Strategy Name –

- Write your own strategy to find out different strategy i n n e t p o s i t i o n a n d payoff in

F7(GreekMarketWatch)

 Base Order –

- It is to define which order to bid first out of other order.

 Product Type -

- User can select the product type they want push the order. Delivery for carry forward the
position and Intraday for daily expiry if RMS surveillance provided for intraday square off.

 Underlying selection

- Define in which Exchange or segment and expiry user wants to trade in.
  Option chain

 ATM - ATM strike will be fetched automatically. With that user can also provide
addition and subtraction value for ATM selection. According to the value given
application will add/subtract the value from the selected underlying and select the ATM.

E.g Strike selection :-

Value To be
FUT Added or Price After Price After Adding Call
Price Subtracted Subtracting Value Value PUT Strike Strike
40149 370 39779 40519 39800 40500
40189 220 39969 40409 40000 40400
40120 210 39910 40330 39900 40300

 ITM - In ITM user can select the strike depth of the strike selection.

 OTM - In ITM user can select the strike depth of the strike selection.

 Premium - Strike will be selected as per premium provided by the user.

Strike Price - Once defining distance from OTM or ITM options strikes will appear automatically
instrikeprice. (It will have Enable/Disable Functionality)

 Options Type –

- User can select option type Call options or Put Options.

- Define to buy/sell for all strikes in particular strategy.

 SL/RL Term –

- User can define the method for Stop loss and for RL entry order and SL entry order and targrt. If user
select percentage then Stop loss, RL entry order and SL entry orders and target calculation are
considered in percentage term. And in absolute it is considered as price difference term.

 Trailing Term --

- User can define the method for Trailing Stop loss and for SL Jump. If user select percentage then
trailing Stop loss and SL jump calculation are considered in percentage term. And in absolute it is
considered as price difference term.

 Target / SL / Trailing SL --

- One can define target, Stop Loss and for individual strike in Absolute/Percentage type.

 Trailing SL - One can also define Trailing Stop Loss for individual strike
inAbsolute/Percentage type.

 SL Jump -

- In jump user can mention the jump price difference w.r.t trailing term for trailing SL. change
in current market by SL Jump will trail SL by difference given in Trail SL.

 Order QTY - How much qty wants to execute at one point of time.

 Total QTY - Total qty one wants to trade for given strategy.

 Counter Parameter –
 - In Strike multiple user can select the round off of strike. Eg. ATM selection on the basis of round
Down and round Up by minimum strike tick, If future price comes under 1-49 point in Nifty then
round down and if future price is above 50-99 point then round up.

 Ord Type – RL- To push the order at limit price or market price. The price term should be selected on
SL/RL Term. If the user provides positive value then it will process the order on limit price and if user
provide negative value then application will push the order at market by given percentage or absolute
term.

 Ord Type – SL - To push the order at SL. The price term should be selected on SL/RL Term. User
can only provide positive value on SL. Application will push the SL order as per given value.

 Slicing Counter –

- Slicing order check will push all the orders at once as per given Order quantity and Total
quantity.
- Uncheck slicing counter will wait for the counter order execution for second leg.

 Buy/Sell Tick Round –

- Tick round check will round off the price at best side

 Start Time / End Time –

- User can provide start time to initiate the strategy. Also user can provide end time to finish
order quantity and square off strategy.

 MAX Profit –

- User can define entire strategy profit in value term per lot basis.
 MAX LOSS –

- User can define entire strategy loss in value term per lot basis.

 Strategy Trailing SL –

- User can provide Trailing Stop Loss in value.

 Against Order Parameter -

 Immediate :- SL and Target order will get generated as soon as counter order traded. And
trailing SL will start will each leg independently.
 Triggered :- Trailing order will start only if the SL of any one strike triggered in the
market.
 SL to Cost:- If the SL of any strike triggered and executed the other open strike SL will
trail to the original cost which was executed at the counter side.
 SL ON Timer:- SL timer will start with the start time of the strategy and check the SL
price given by the user on every time interval mentioned in timer tab if the SL price
achieved on any interval application will trigger the SL and wait for another round of
interval for the mentioned time and check if the price is above give SL price if yes then it
will square off the rule and if the current market price is under given SL then it will
neutralize the SL trigger and wait for next interval of SL trigger.
  Square Off :- User can select and square off the open rule. Square off button will cancel all the
pending order and square off the open quantity of respective rule.

 Default Setting :- User can set the some of the settings as default and whenever user open the
strategy window the setting will be as per default setting.

 Exit Position on End time :- This check will enables the square off on end time.

NOTE:- Square off Button and Exit on end time will not work in case of No target and No SL given
Order Flow for SL & Trailing SL : -

Once trade is executed - Trailing SL will get activated but if you click on check box in individual
strike then TL SL will get active once another strike SL or Target or Trailing SL gets hit.

Eg.

Once Leg 1 gets traded then if dealer has kept tick in 1st leg for Trailing stop then it won't start
trailing until 2nd leg SL or Trailing SL or Target price gets hit. If there is no tick mark kept in 1st
leg then both legs will start trailing immediately once it is traded.

SL Price & Trigger Price Default Setting : -

We will provide SL price & Trigger price settings in Default so that you can trail SL price in
absolute or inpercentage terms.

Default setting will also include premium to be derived from Spot or Future. Default settings
would be as per last saved.

There will be internal logics or dependency of order flow in SL and Trailing SL would be
inserted infunctioning of Algo.