HALF TRUE

Weekly ₹70 strangle 3 days to expiry with night hedge backtest: does it work after costs?

We coded the weekly ₹70 strangle 3 days to expiry with night hedge strategy exactly as taught in a public video and ran it on NIFTY weekly, 2019-02 to 2026-10, with real charges. Claimed ₹2.89 L. Reality ₹2.22 L. As taught, 1 lot made about ₹2.02 L net after real costs from Feb-2019 to Oct-2026, but lost about ₹15.6k in 2026.

Net after costs: ₹2.02 L
Win rate: —
Worst drawdown: −₹24,516
Reality Score: 77/100

The rules, as taught

Three trading days before weekly expiry at 09:20 sell a call and put priced ≤ ₹70, each with a 30-point stop and one re-entry at cost; exit the day before expiry around 15:20. At night buy next-week ₹5 call and put (2x quantity) at 15:26 and sell them at 09:16 next morning. Gaps we filled: the hedge runs only on the nights the main trade is held; stops not checked after 15:25.

What the video claims, and what we found

Claim: About ₹2.89 L on 1 lot from Jan-2019 to Feb-2026, drawdown about ₹17k (~25%/yr).

With their cost settings (0.5% slippage, no brokerage) our total was ₹2.90 L vs their ₹2.89 L and drawdown −₹15k vs −₹17k; yearly splits differ, and their hedge profit (mostly one Jun-2024 event) did not reproduce.

See the full results, charts and every trade

Questions people ask

Does the Weekly ₹70 strangle 3 days to expiry with night hedge strategy work?

Partly. As taught, 1 lot made about ₹2.02 L net after real costs from Feb-2019 to Oct-2026, but lost about ₹15.6k in 2026. Tested on NIFTY weekly, 2019-02 to 2026-10, after real costs. Reality Score 77/100.

What is the win rate of the Weekly ₹70 strangle 3 days to expiry with night hedge strategy after costs?

We did not count a per-trade win rate for this one; the net result after real charges was ₹2.02 L with a worst drawdown of −₹24,516.

How much did it make or lose in the backtest?

Claimed ₹2.89 L. Reality ₹2.22 L. Over 2019-02 to 2026-10 (1 lot at today's lot size (65)), the net after charges was ₹2.02 L and the worst fall from a peak was −₹24,516.

What exact rules were tested?

How was the Weekly ₹70 strangle 3 days to expiry with night hedge 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.

Related strategy backtests

Get the next 5 fact checks first

One short note when new results are out. No spam, no tips, nothing to buy.

Important

These are educational backtests of publicly taught rules, not investment advice or a recommendation to trade. Algrow is not registered with SEBI as an investment adviser or research analyst. Past results, real or simulated, do not predict future results; option trading can lose more than the premium or margin used.

Method: 1-minute historical exchange data; signals filled at the next minute's open unless the rules say otherwise; real broker charges, STT, exchange fees, stamp duty and GST; lot size as on each trade date. Where a video leaves a rule open, the assumption we made is stated. We test only the rules as presented and paraphrase the claim; watch the video for the creator's full explanation. Full method: how we test.

Creators can request a review or correction: write to [email protected] with the page link and what you believe is wrong. We will re-run the test and update the page.