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SENSEX 0.20-delta strangle sold after a 5% dip

Option selling · SENSEX weekly · tested 2024-05 to 2026-10

The claim

₹1.20 L

About ₹1.2 lakh from Jun-2024 to Mar-2026 with 67% winners on ₹1 lakh capital, with costs shown as zero.

Reality, same dates, after costs

₹1.12 L

2024-06 to 2026-03 · 93% of the claim found

As taught, the rules made about ₹1.11 lakh per lot from May-2024 to Oct-2026 after costs, but only ₹3k in 2026 with a ₹40k drawdown.

76DECENT

Algrow Reality Score

25/40
claim
21/30
profit
30/30
steady
Net, full test
₹1.11 L
Worst drawdown
−₹40,415
Trades
—
Win rate
67.0%

Size: 1 lot (20 units).

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How our test compares with the video

With the video's zero-cost setup we got ₹1.44 lakh versus its ₹1.20 lakh over the same window, with the same 67% win rate and the same bad months.

Worth knowing: SENSEX option data starts May-2024, so the video's 2023 figure could not be checked. With stricter next-minute-open fills the rules made about ₹82k.

Equity curve — rules as taught, after costs2026-10-30 · ₹1.11 L · −₹20,860 from peak

Underwater: how far below its best point the account was

2024-05-31worst −₹37,2372026-10-30

If you had started with ₹1 lakh on…

Drag to pick a start date. Trading the video's rules at 1 lot (20 units), not compounded. Weekly points.

2024-05-31

You'd have today

₹2.08 L

Profit / loss

+₹1.08 L

Lowest point

₹95,053

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
2024
2025
2026

Winning vs losing days

597 days with a position · about 61% green

−₹5k₹0₹5k+

BEST DAY

₹5,954

2024-07-23

WORST DAY

−₹9,970

2024-10-22

The rules we tested

Each weekday at 09:20, pick the 0.20-delta SENSEX weekly call and put and sell each leg only after its premium falls 5% from that price. Each leg has a stop at 3× / +300%, the whole position exits at a ₹5,000 loss, no re-entry, and everything closes at 15:15. Assumptions: lot of 20, delta from implied volatility, leg stop tested as +300%.

Method and Reality Score

Full method: how we test

1-minute data, real broker and exchange charges incl. STT and taxes, 0.25% slippage, fills at the trigger price.

  • 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 SENSEX 0.20-delta strangle sold after a 5% dip strategy work?

Partly. As taught, the rules made about ₹1.11 lakh per lot from May-2024 to Oct-2026 after costs, but only ₹3k in 2026 with a ₹40k drawdown. Tested on SENSEX weekly, 2024-05 to 2026-10, after real costs. Reality Score 76/100.

What is the win rate of the SENSEX 0.20-delta strangle sold after a 5% dip strategy after costs?

67.0% of trades made money after real charges in our test (2024-05 to 2026-10). A high or low win rate alone says little; the net result was ₹1.11 L with a worst drawdown of −₹40,415.

How much did it make or lose in the backtest?

Claimed ₹1.20 L. Reality ₹1.12 L. Over 2024-05 to 2026-10 (1 lot (20 units)), the net after charges was ₹1.11 L and the worst fall from a peak was −₹40,415.

What exact rules were tested?

Each weekday at 09:20, pick the 0.20-delta SENSEX weekly call and put and sell each leg only after its premium falls 5% from that price. Each leg has a stop at 3× / +300%, the whole position exits at a ₹5,000 loss, no re-entry, and everything closes at 15:15. Assumptions: lot of 20, delta from implied volatility, leg stop tested as +300%.

How was the SENSEX 0.20-delta strangle sold after a 5% dip 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

Opens our backtester with this video's rules as taught, ready to run. Change dates or stops and see what happens. Default charges are used, so totals can differ a little from this page.

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