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Monthly 1:2:1 call ratio spread

Option selling · NIFTY monthly · tested 2017-01 to 2026-10

The claim

About 32% return from Jan 2024 to Nov 2025.

Our test, after costs

₹26,467

2017-01 to 2026-10 · 1 lot, ₹1.5 L capital

In the claimed window the published rules made about 3%, not 32%; most months are skipped by the 1% debit filter.

40WEAK

Algrow Reality Score

0/40
claim
18/30
profit
22/30
steady
Net, full test
₹26,467
Worst drawdown
−₹12,779
Trades
—
Win rate
—

Size: 1 lot, ₹1.5 L capital.

How our test compares with the video

For Jan 2024 – Nov 2025 we got about +₹4.9k (+3%) on ₹1.5 L with the far call 1,600 points above ATM, and −₹3.4k with it 1,000 above; the video does not state capital, so we tried ₹50k–2 L.

Worth knowing: The rules were taken from the video's description of the setup; the far-call distance was read two ways and both are shown above.

Equity curve — rules as taught, after costs2026-10-23 · ₹26,467 · −₹4,460 from peak

Underwater: how far below its best point the account was

2021-11-03worst −₹11,0572026-10-23

If you had started with ₹1 lakh on…

Drag to pick a start date. Trading the video's rules at 1 lot, ₹1.5 L capital, not compounded. Weekly points.

2021-11-03

You'd have today

₹1.25 L

Profit / loss

+₹25,489

Lowest point

₹97,220

Honest note: ₹1 lakh may be less than the margin this needs; the result is in rupees per lot, not a % return.

Year by year — tap to dig in

1 lot, rules as taught, after costs. Tap a year, then a month.

Monthly heatmap

JFMAMJJASOND
2021
2022
2023
2024
2025
2026

Winning vs losing days

413 days with a position · about 52% green

−₹3k₹0₹3k+

BEST DAY

₹4,886

2025-05-13

WORST DAY

−₹6,967

2025-03-18

The rules we tested

On the last Friday of the month at 15:15, using next month's expiry: buy 1 call 300 points above ATM, sell 2 calls 600 above, buy 1 far call as a wing. Skip if the debit is above 1% of capital; if the credit is above 1%, move strikes up 100. Target +2.5%, stop −3% of capital, exit by day 19.

Method and Reality Score

Full method: how we test

Daily option snapshots at 15:14 for target/stop checks, next-minute fills, broker charges incl. STT and taxes, 0.25% slippage, lot size of the day.

  • 1-minute historical NSE/BSE option and futures data; each video's rules coded exactly as taught, with stated assumptions where the video left a gap.
  • Signals on a candle's close are filled at the next minute's open (unless the rules say otherwise); stops and targets are checked against each minute's high and low.
  • Real broker charges, STT, exchange fees, stamp duty and GST deducted on every order; lot size as it was on each trade date.
  • Results are per lot unless stated. No leverage, compounding or position sizing beyond the video's own rules.

Reality Score (0–100) = claim match (up to 40: matches 40, partly 25, fails after costs 8, not reproduced 0) + after-cost profit (up to 30: zero if it loses; more when total profit is large versus the worst drawdown) + steadiness (up to 30: share of profitable years, plus 5 if the latest year made money).

Questions people ask

Does the Monthly 1:2:1 call ratio spread strategy work?

We could not reproduce the claimed result. In the claimed window the published rules made about 3%, not 32%; most months are skipped by the 1% debit filter. Tested on NIFTY monthly, 2017-01 to 2026-10, after real costs. Reality Score 40/100.

What is the win rate of the Monthly 1:2:1 call ratio spread strategy after costs?

We did not count a per-trade win rate for this one; the net result after real charges was ₹26,467 with a worst drawdown of −₹12,779.

How much did it make or lose in the backtest?

Our test: ₹26,467 after real costs. Over 2017-01 to 2026-10 (1 lot, ₹1.5 L capital), the net after charges was ₹26,467 and the worst fall from a peak was −₹12,779.

What exact rules were tested?

On the last Friday of the month at 15:15, using next month's expiry: buy 1 call 300 points above ATM, sell 2 calls 600 above, buy 1 far call as a wing. Skip if the debit is above 1% of capital; if the credit is above 1%, move strikes up 100. Target +2.5%, stop −3% of capital, exit by day 19.

How was the Monthly 1:2:1 call ratio spread backtest done?

On 1-minute exchange data since 2017, signals filled at the next minute's open, with real broker charges, STT, exchange fees, SEBI fee, stamp duty and GST, and the lot size of each date. Rules exactly as taught; gaps we had to fill are stated. Full method on our How we test page.

Run it yourself — coming soon

These rules use features our public backtester can't express exactly yet, so we won't pre-fill an approximation. Build your own idea in the meantime.

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