Are you tired of sifting through numerous strategies, unsure which one will truly lead you to success in the fast-paced world of intraday option selling? Look no further! At TradePik, we have done the hard work for you by rigorously backtesting and analyzing historical data to identify the best 3 intraday option selling strategies for both Nifty and BankNifty.
Why Backtesting Matters:
In the world of trading, having a strategy backed by solid historical data is vital for your success. Our team at TradePik understands this, and we have utilized powerful backtesting tools, such as algotest.in, to test various strategies with different parameters. After hours of analysis, we have curated two carefully crafted baskets of option strategies, one for Nifty and the other for BankNifty. Let's delve into the details of each basket.
Intraday Option Selling Strategies in Nifty:
Nifty exhibits a distinct behavior compared to BankNifty, necessitating strategies tailored to its unique dynamics. We conducted meticulous backtests on both indices, optimizing them based on the results. Here are the results of the Nifty basket:
Intraday Option Selling Strategies - Nifty
Our Nifty basket consists of two strategies—one initiated at 9:30 AM and the other at 11:35 PM. The backtesting period spans from February 15th, 2019 to July 31, 2023, using weekly expiries. Both strategies adhere to predefined entry, exit, and stop-loss rules, holding positions until 03:15 PM. In the event of one stop loss being triggered, the corresponding leg is closed, while the other remains open until 3:15 PM.
- Overall Profit: Nearly 26 Lakhs in 4.5 years.
- Capital Required: Approximately 5 Lakhs (for 3 lots).
- Return on Investment: Almost 500% in 4.5 years.
- Accuracy: 64.7%.
- Max Drawdown: Around ₹68,000
- Max Loss in a Single Day (both stop losses hit): ₹8,720
- Average Profit on winning trade: ₹7020
- The average loss on losing trade: ₹6098
- Return/MDD: 8.54
- Expectancy Ratio: 0.40 (indicating a strategy's ability to recover from drawdowns)
Monthly Profit/Loss Statement:
Graphs of Intraday Option Selling Strategies in Nifty
Interested in learning These Strategies?
Should you have any queries regarding our best Intraday Option Selling Strategies in Nifty, feel free to chat with us or leave a comment below.
Intraday Option Selling Strategies in BankNifty:
BankNifty operates with different volatility and behavior, warranting strategies tailored to its specific characteristics. Based on the backtest results, we have curated 3 sets of rules for different trading days:
- Monday, Tuesday, and Wednesday,
- Expiry day (Thursday),
Intraday Option Selling Strategies in BankNifty
- Total Profit over 4 years (January 2019 to July 2023): Close to ₹25 lakhs.
- Capital Required: Approximately ₹5 lakhs (for 3 lots).
- Return on Investment: Nearly 500% in 4 years.
- Accuracy: 67.73%.
- Max Drawdown: Around ₹64,000
- Max Loss in a Single Day (both stop losses hit): Varies based on the day.
- Average Profit on winning trade: ₹5193
- The average loss on losing trade: ₹3910
- Expectancy Ratio: 0.58 (indicating a strategy's ability to recover from drawdowns)
- Return/MDD: 8.76
Monthly Profit/Loss Statement:
Graphs of Intraday Option Selling Strategies in BankNifty
Ready to Master BankNifty Strategies?
Should you have any queries about our best Intraday Option Selling Strategies in BankNifty, feel free to WhatsApp chat with us or leave a comment below.
Once you subscribe, we will share you a PDF of the strategy with detailed steps to deploy this Bank Nifty Options Buying Strategy for intraday with in 15 mins in which we have shared detailed steps to deploy this strategy.
One more thing, as you know that no single strategy can work all the time. So every 3 months we analyse the strategy again and optimize it based on the current nature of the market.
So once you subscribe this premium option strategy, you will receive all the future updates related to further optimization for the next one year. So for one year you don't need to pay anything extra to receive our future updates.
Remember, it's not just theory; it's a proven strategy that can transform your trading results. Trade smart, trade with TradePik!
Frequently asked questions:
1. What is Option selling basket for Intraday?
Our Option Selling Basket for intraday is a well-researched and tested approach to trading Nifty and BankNifty options. It focuses on specific entry and exit points to maximize gains and minimize risks, making it an ideal choice for intraday traders.
2. Is this Basket suitable for novice traders?
Absolutely! Our Basket is designed to cater to both novice and experienced traders. We provide step-by-step guidance, real-life examples, and expert mentorship to help traders of all levels understand and implement the strategy effectively.
3. How can I access the backtested data and charts?
We provide comprehensive backtested data and charts that demonstrate the strategy's success. To access this valuable information, simply scroll up to the designated section on this page to see real-time statistics and charts that back our strategy's effectiveness.
4. What kind of risk management is incorporated into this strategy?
Risk management is a key component of our strategy. We'll get clear instructions about how to set stop-loss orders and manage your capital effectively to protect your investments. Our approach is designed to help you mitigate risks while pursuing potential gains.
5. Can I interact with Sachin Sival if I face any issue during live market?
Yes, our premium program provides a platform for you to connect with other traders who are on the same journey. You'll also have direct access to Sachin Sival, where you can ask questions, discuss strategies, and gain insights from his extensive experience in the derivatives market.
6. Can I automate this strategy through algo trading tools.
Yes, You can automate this strategy through algotest.in or stoxxo. We will help in case if you need any help.
7. How long will I get access to this strategy?
For one year, you will receive the latest updates regarding this strategy.