Option selling · BANKNIFTY monthly · tested 2017-02 to 2026-10
BANKNIFTY monthly iron fly with profit lock
As taught, the rules made about ₹24.5k from Feb-2017 to Oct-2026, with a ₹1.31 lakh drawdown and a ₹78k loss in 2026.
- Net P&L (1 lot (lot size of the day))
- ₹24,512
- Trades
- 109
- Win rate
- —
- Max drawdown
- −₹1.31 L
What the video claims
About ₹2.05 lakh over Jan-2024 to Nov-2025 with a max drawdown near ₹27k.
Our paraphrase. See the video for the full explanation.
How our test compares
In the video's own window 20 of 23 months matched within a few hundred rupees, but our total was ₹1.01 lakh versus ₹2.05 lakh; the gap comes from three months (election day Jun-2024, the Apr-2025 gap open, and a near-touch stop in Sep-2025).
Year by year (rules as taught, after costs)
| 2017 | ₹30,000 |
| 2018 | ₹27,000 |
| 2019 | −₹37,000 |
| 2020 | −₹19,000 |
| 2021 | ₹2,000 |
| 2022 | ₹1,000 |
| 2023 | ₹28,000 |
| 2024 | ₹25,000 |
| 2025 | ₹45,000 |
| 2026 | −₹78,000 |
Rules we tested
Fifteen trading days before monthly expiry at 09:35, sell the ~0.50-delta call and put and buy wings priced near ₹25. Overall stop at 50% of net credit, profit lock of ₹9k once profit reaches ₹15k, and exit two trading days before expiry at 10:00. Assumptions: ATM chosen as the strike with the smallest call–put price gap; wing price read from the video's sheet.
Note: The video's window covered the two strongest years of the decade. Yearly figures rounded to the nearest ₹1k.
Method
1-minute data, signals on bar close filled at the next minute's open, stops through a gap filled at the open, real broker charges incl. STT and taxes.
- 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.