Option selling · NIFTY weekly (2-week) · tested 2019-07 to 2026-10
Bi-weekly iron condor with delta adjustments
As taught, the rules lost about ₹13.7k per lot over Jul-2019 to Oct-2026, winning 35% of 83 weeks traded.
- Net P&L (1 lot (historical lot size))
- −₹13,714
- Trades
- 83
- Win rate
- 35.0%
- Max drawdown
- −₹19,073
What the video claims
Mostly +1% winning weeks, shown on three hand-worked weeks of Nov-2025; no backtest.
Our paraphrase. See the video for the full explanation.
How our test compares
Our Nov-2025 strikes were within one strike of the video's examples; one of its weeks fell below the 4% credit filter and was skipped, and the two weeks we traded each made under ₹1k.
Year by year (rules as taught, after costs)
| 2019 | −₹2,157 |
| 2020 | −₹533 |
| 2021 | ₹3,747 |
| 2023 | −₹15,363 |
| 2024 | −₹3,635 |
| 2025 | ₹4,481 |
| 2026 | −₹253 |
Rules we tested
On Friday at 15:15, only when India VIX is below 13, sell ~0.20-delta calls and puts on the expiry two weeks out with wings 200 points away, skipping weeks where credit is below 4% of capital. Target +1% and stop −1% of capital, otherwise exit next Friday 15:00, with four adjustment rules that close and re-sell a side. Assumptions: wings move with a rolled short, 'event weeks' not coded, checks every 5 minutes.
Note: With zero slippage the rules made only about ₹5.4k over 7.7 years; the VIX filter kept it out of all major crash days.
Method
5-minute option bars, signal on bar close filled at the next bar's open, stops through a gap filled at the open, real broker charges incl. STT and taxes, slippage of the larger of ₹0.25 or 0.5% 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.