BUSTED BY COSTS
Monthly 15-delta strangle with wings and adjustments
Option selling · NIFTY monthly · tested 2019-01 to 2026-10
The claim
₹3.10 L
About ₹3.1 lakh profit over 2021–2025.
Reality, same dates, after costs
₹918
2021-01 to 2025-12 · 0% of the claim found
As taught, the rules made about ₹900 over 2021–25 and ₹70k from Jan-2019 to Oct-2026, with a ₹65k drawdown.
Algrow Reality Score
- 8/40
- claim
- 14/30
- profit
- 21/30
- steady
- Net, full test
- ₹70,407
- Worst drawdown
- −₹64,558
- Trades
- 91
- Win rate
- 66.0%
Size: 1 lot (lot size of the time).
How our test compares with the video
For 2021–25 we got about +₹0.9k per lot versus the claimed ₹3.1 lakh; a 15-delta monthly strangle collects only about ₹5–8k premium per lot per month, so the claim likely assumes several lots or different rules.
Worth knowing: Video lot count and capital not stated; the very cheap wings shown were not available in our data, so wings cost more.
Underwater: how far below its best point the account was
If you had started with ₹1 lakh on…
Drag to pick a start date. Trading the video's rules at 1 lot (lot size of the time), not compounded. Weekly points.
2019-02-01
You'd have today
₹1.69 L
Profit / loss
+₹69,033
Lowest point
₹69,206
Ouch: at the worst point you'd have been down 31%.
Year by year — tap to dig in
1 lot, rules as taught, after costs. Tap a year, then a month.
Monthly heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
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| 2026 |
Winning vs losing days
1,442 days with a position · about 78% green
BEST DAY
₹27,654
2020-03-18
WORST DAY
−₹28,275
2025-04-07
The rules we tested
On monthly expiry day, sell next-month calls and puts near 15 delta and buy far wings. If one short doubles, book the other and re-sell at the loser's delta; if a short's delta passes 0.45, close both and re-sell at half the loser's premium. Exit at 15:15 on the third weekly expiry, no hard stop. Assumptions: one decision per day at 15:15, wings at the farthest strikes available in our data, delta from implied volatility.
Method and Reality Score
Option data checked once a day at 15:15 with fills at that bar's open, real broker charges incl. STT and taxes, slippage of the larger of ₹0.5 or 1% per fill.
- 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 15-delta strangle with wings and adjustments strategy work?
Not as taught, once real charges are included. As taught, the rules made about ₹900 over 2021–25 and ₹70k from Jan-2019 to Oct-2026, with a ₹65k drawdown. Tested on NIFTY monthly, 2019-01 to 2026-10, after real costs. Reality Score 43/100.
What is the win rate of the Monthly 15-delta strangle with wings and adjustments strategy after costs?
66.0% of 91 trades made money after real charges in our test (2019-01 to 2026-10). A high or low win rate alone says little; the net result was ₹70,407 with a worst drawdown of −₹64,558.
How much did it make or lose in the backtest?
Claimed ₹3.10 L. Reality ₹918. Over 2019-01 to 2026-10 (1 lot (lot size of the time)), the net after charges was ₹70,407 and the worst fall from a peak was −₹64,558.
What exact rules were tested?
On monthly expiry day, sell next-month calls and puts near 15 delta and buy far wings. If one short doubles, book the other and re-sell at the loser's delta; if a short's delta passes 0.45, close both and re-sell at half the loser's premium. Exit at 15:15 on the third weekly expiry, no hard stop. Assumptions: one decision per day at 15:15, wings at the farthest strikes available in our data, delta from implied volatility.
How was the Monthly 15-delta strangle with wings and adjustments 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.
Got another video?
Send the link or vote on the queue. We code it as taught and publish what we find.
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