I recently read about Artemis (https://unofficed.com/artemis/) so based on that, i want to try a new strategy, but before that, i just want to ensure it does not lead to all the false results. so if someone can help on the thought process, it would be great.
The idea is as follows:
Rather than shorting when week starts and waiting till the weekly expiry, what if we sell the max pain upper range CE and lower range PE on daily basis and close the trade if any of the following conditions are met:
- if max pain has changed
- if either of the upper or lower range has changed
- if in loss of 50% of premium received
- if in profit of 50% of the prices
- close at the EOD at 2.45 or some other time if none of the above conditions are met
is the above idea some what valid or it will make only brokerage every day?