Risk Desk

The stop is set by the hard 25% premium cap -- the volatility and time-decay math would allow a wider stop, but this rule caps maximum loss regardless. Target is set to roughly 4.2x the stop distance, so the reward outweighs the risk if it works. Position size (1 lot(s)) is sized so the ₹ risk stays consistent with the stop distance above, not picked separately. Hard time exit at 15:20 regardless of price -- this closes the trade even if neither the stop nor target has been hit. Direction and thesis come from Stage 1/gamma positioning, not this ticket -- Risk Desk only sizes the trade once a thesis already exists.