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Overnight ATM long straddle (Fridays)

Option buying · NIFTY weekly · tested 2017-01 to 2026-10

The claim

About ₹1.89 L net on 1 lot from Jan 2024 to May 2026, 112 trades, 37.5% wins.

Our test, after costs

₹2.19 L

2017-01 to 2026-10 · 1 lot, historical lot sizes

Over 2017–2026 the as-taught Friday rules made about ₹2.19 L per lot, but almost all of it came in 2024–26 and 2020 lost about ₹71.5k.

62DECENT

Algrow Reality Score

25/40
claim
15/30
profit
22/30
steady
Net, full test
₹2.19 L
Worst drawdown
—
Trades
—
Win rate
—

Size: 1 lot, historical lot sizes.

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How our test compares with the video

On their own window and cost settings we got ₹1.80 L vs their ₹1.89 L (−4.5%), 114 vs 112 trades and 37.7% vs 37.5% wins; the year split differs because they appear to size 2024 at today's lot.

Worth knowing: The claimed window (2024–26) is the strongest stretch; 2017–2023 together earned roughly ₹15k.

Year by year

1 lot, rules as taught, after costs.

The rules we tested

Buy the ATM call and put (strike by spot) at 09:20 on Fridays, 1 lot each. Each leg has a 20% stop, the position has a ₹8,000 max loss, and whatever is left is sold at 09:45 the next trading day.

Method and Reality Score

Full method: how we test

1-minute option data, broker charges incl. STT and taxes, 0.25% slippage per order, historical lot sizes; P&L dated on the exit 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 Overnight ATM long straddle strategy work?

Partly. Over 2017–2026 the as-taught Friday rules made about ₹2.19 L per lot, but almost all of it came in 2024–26 and 2020 lost about ₹71.5k. Tested on NIFTY weekly, 2017-01 to 2026-10, after real costs. Reality Score 62/100.

What is the win rate of the Overnight ATM long straddle strategy after costs?

We did not count a per-trade win rate for this one; the net result after real charges was ₹2.19 L with a worst drawdown of —.

How much did it make or lose in the backtest?

Our test: ₹2.19 L after real costs. Over 2017-01 to 2026-10 (1 lot, historical lot sizes), the net after charges was ₹2.19 L and the worst fall from a peak was —.

What exact rules were tested?

Buy the ATM call and put (strike by spot) at 09:20 on Fridays, 1 lot each. Each leg has a 20% stop, the position has a ₹8,000 max loss, and whatever is left is sold at 09:45 the next trading day.

How was the Overnight ATM long straddle 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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