Options strategies you can automate
The full catalog of option structures KXalgo runs on NIFTY & BANKNIFTY — from defined-risk premium selling to directional spreads and volatility plays. Learn how each works, then paper-trade or backtest it before going live.
Defined-risk premium selling
Collect premium with the loss capped by protective wings — the most popular automated structures.
The Iron Condor strategy on NSE options
How the Iron Condor works on NIFTY weeklies and BANKNIFTY monthlies — leg structure, when it profits, risk, and how to automate it on KXalgo.
6 min read
The Iron Fly (Iron Butterfly) strategy
How the Iron Fly works on NIFTY/BANKNIFTY — ATM short straddle with protective wings, max premium, narrow breakeven, defined risk, and automation.
5 min read
The Butterfly Spread strategy
How a butterfly spread works — long wings and short body for a low-cost, defined-risk bet that the underlying pins a strike at expiry.
5 min read
Undefined-risk premium selling
Higher premium, no wings — open-ended risk that demands strict stops and sizing.
The Short Strangle strategy explained
How a short strangle works on NSE options — selling OTM calls and puts for premium, its open-ended risk, and how to run one safely on KXalgo.
5 min read
The Short Straddle strategy
How a short straddle works — selling ATM call and put for maximum premium, its open-ended risk, and how to run it safely with stops on KXalgo.
4 min read
Directional spreads
Defined-risk bets on direction — credit spreads (collect premium) and debit spreads (pay to play).
Bull Put Spread (put credit spread)
A defined-risk bullish-to-neutral options strategy — sell an OTM put, buy a further-OTM put. How it profits, its risk, and how to automate it.
4 min read
Bear Call Spread (call credit spread)
A defined-risk bearish-to-neutral options strategy — sell an OTM call, buy a further-OTM call. How it profits, its risk, and how to automate it.
4 min read
Bull Call Spread (call debit spread)
A defined-risk bullish options strategy — buy an ATM/ITM call, sell a further-OTM call. How it profits, capped upside, and how to automate it.
4 min read
Bear Put Spread (put debit spread)
A defined-risk bearish options strategy — buy an ATM/ITM put, sell a further-OTM put. How it profits, capped downside reward, and automation.
4 min read
Volatility & advanced
Trade movement and time rather than pure direction — long volatility, time spreads, and actively-managed structures.
The Long Straddle strategy
How a long straddle profits from a big move in either direction — buying ATM call and put, when to use it around events, and risks.
4 min read
The Calendar Spread strategy
How a calendar (time) spread profits from faster decay of a near-term option — sell near expiry, buy far expiry at the same strike.
4 min read
The Ratio Spread strategy
How a ratio spread works — buy one option and sell more further out — its credit, its open-ended risk beyond the short strikes, and when to use it.
5 min read
Delta-Neutral options strategy explained
What a delta-neutral options strategy is, how premium-selling delta-neutral bots rebalance, and how to run one on NIFTY/BANKNIFTY in India.
5 min read