https://thealgobench.com/tags/sensex/Recent content in Sensex on The Algo BenchHugoen-INMon, 09 Nov 2026 00:00:00 +0000https://thealgobench.com/strategies/sensex-overnight-strangle/Mon, 09 Nov 2026 00:00:00 +0000https://thealgobench.com/strategies/sensex-overnight-strangle/<h2 id="the-idea">The idea</h2> <p>Far out-of-the-money weekly options lose most of their value in their last day or two. A strategy circulating among traders on social media tries to collect that last bit of decay on SENSEX: the day before the weekly expiry, sell a call and a put that are each worth only about ₹30, hold them overnight, and buy them back on expiry afternoon, when they are usually worth almost nothing.</p>