Index Iron Condor

Options Intermediate NIFTY Options BANKNIFTY Options FINNIFTY Options

Neutral - Index Expected to Stay Range-bound

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Quick Reference

Strategy Type	Iron Condor Specifically Optimized for Index Options
Market Outlook	Neutral - Index Expected to Stay Range-bound
Risk Profile	Defined Risk with Index-specific Characteristics
Reward Profile	Premium Collection from High-liquidity Index Options
Time Horizon	1-4 weeks (Weekly or Monthly)
Capital Requirement	Medium
Margin Type	SPAN + Exposure
Best Used When	Trading iron condors on indices for superior liquidity, tighter spreads, and predictable behavior

Trading iron condors on indices for superior liquidity, tighter spreads, and predictable behavior

NIFTY	25 units per lot (contract value ~₹6L)
BANKNIFTY	15 units per lot (contract value ~₹7.5L)
FINNIFTY	25 units per lot (contract value ~₹6L)

NIFTY	Thursday weekly, last Thursday monthly
BANKNIFTY	Wednesday weekly, last Wednesday monthly
FINNIFTY	Tuesday weekly, last Tuesday monthly

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