How to implement my futures trading strategy with ITM options for tax efficiency?

I'll rewrite your request into a clear, forum-style question:


How to implement my futures trading strategy with ITM options for tax efficiency?

I currently trade Bank Nifty futures with a specific system that:

  • Buys when a certain price level is crossed

  • Exits at predefined targets and stop losses

For tax efficiency, I'd like to implement the same strategy using ITM options instead of futures.

My question is: How can I set up a semi-automated system that will:

  1. Monitor Bank Nifty futures price levels

  2. When my entry condition is triggered on futures, automatically buy an appropriate ITM option instead

  3. Apply my same predefined targets and stop losses to the option position

Has anyone implemented something similar? What tools or platforms would work best for this kind of futures-to-options conversion strategy? Zerodha has a feature called ATO, do we have something similar on fyers ?


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