Range-Bound with uncertainty on exact price level
| Strategy Type | Neutral - Dual Time Spread |
| Market Outlook | Range-Bound with uncertainty on exact price level |
| Risk Profile | Limited to Total Net Debit |
| Reward Profile | Maximum at either strike, moderate in valley between |
| Time Horizon | 3-7 days for weekly double calendars |
| Capital Requirement | Net debit Rs.80-120 per lot for weekly structure |
| Best Used When | Confirmed range with support/resistance, low IV (VIX below 14), uncertain whether price stays at lower or upper end of range |
| Trading Hours | 9:15 AM - 3:30 PM IST |
| Weekly Expiry | Thursday (NIFTY, BANKNIFTY, FINNIFTY) |
| Monthly Expiry | Last Thursday of the month |
| Type | SPAN + Exposure Margin |
| Calendar Spread Benefit | Reduced margin due to hedged position |
| Typical Margin Range | ₹40,000 - ₹80,000 per lot for index options |
| Margin Calculator | Use NSE SPAN calculator for exact requirements |
| Stt On Premium | 0.05% on sell side (options) |
| Stt On Exercise | 0.125% on intrinsic value if ITM at expiry |
| Income Classification | Business income for frequent traders |
| Gst On Brokerage | 18% on brokerage charges |
| Best Instruments | NIFTY and BANKNIFTY weekly/monthly options |
| Avoid | Deep OTM options in illiquid stocks |
| Optimal Strikes | ATM and near ATM strikes for best liquidity |
| Bid Ask Spread | Expect 1-3 points spread on liquid index options |
| Typical Atm Premium Nifty | ₹150-300 for weekly, ₹400-600 for monthly |
| Typical Atm Premium Banknifty | ₹300-500 for weekly, ₹700-1200 for monthly |
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