Petro-Lwa Strategy I · User Manual
Direction-neutral · Pre-break setup · Cheap-vol entry
A Long Straddle is the simplest way to bet on a big move without picking a direction. You buy one call (which wins if price rises) and one put (which wins if price falls) at the same strike price and the same expiry. The total premium you paid is the maximum you can lose. Once the asset moves far enough in either direction to cover the two premiums, you profit — and the profit potential is unlimited. Petro-Lwa arms this setup only when volatility is cheap, so the two options cost less and the explosion that follows pays more.
The Pine indicator PETRO-LWA-I.pine fires when all three of these conditions are true on the bar that just closed:
| Signal | Default |
|---|---|
| IV Rank (realized-vol percentile vs. last 252 bars) | < 35 |
| Bollinger-Band-width squeeze (width < 50-bar avg) | × 0.7 |
| Trend is neutral (price not riding 50/200 EMAs in either direction) | true |
Translation: options are cheap, price is coiled, and nobody knows which way it breaks. Exactly the moment to own both wings.
Click the button below. Your browser saves a small text file called PETRO-LWA-I.pine to your Downloads folder. That file is the entire indicator — no installer, no account, no risk.
⬇ Download PETRO-LWA-I.pineOpen any chart on tradingview.com (BTC/USD or ETH/USD work best). Click Pine Editor at the bottom. Open your downloaded file, copy everything, paste it into the editor, click Save then Add to chart.
When the setup fires, a purple label appears directly under the bar that armed the signal. The label tells you the strategy, that the volatility is cheap, and that you are in the calm before the break.
Right-click the indicator on the chart, choose Add alert on PETRO·I. In the alert dialog, set the condition to “PETRO I · Long Straddle” and (optionally) paste the Lasirèn bridge URL into the Webhook URL box so the trade idea reaches your phone.
On Deribit, open the BTC or ETH options board. Pick an expiry between 45 and 90 days out. Click the call closest to the current price (At-The-Money), then the put at the same strike. Buy one of each. The two premiums together should be roughly ≤ 8% of spot. Exit before theta (time decay) accelerates in the final two weeks.