Multi Leg Option Strategy
★ 9/10
Beginner
Very High NSE Fit
Daily (Expiry)
An options-based strategy extremely well-suited for NSE F&O markets. Leverages the unique characteristics of NIFTY and BANK NIFTY weekly options including time decay, volatility cycles, and expiry behaviour.
Indicators Used
Options Chain
How It Works
1
Identify the market direction and key support/resistance levels on the NIFTY or BANK NIFTY chart
2
Select the appropriate strike price based on Delta and time to expiry — ATM or slightly OTM
3
Enter on a confirmed directional signal — manage with a 30–50% premium stop loss and defined target
Backtest Results — NSE 2019–2024
21.4%
CAGR
1.84
Sharpe
52%
Win Rate
−14.2%
Max Drawdown
2.1
Profit Factor
847
Total Trades
Run This Strategy
Free account. No credit card. Full NSE backtest from 2019.
Full backtest + trade log
Run on any NSE stock or index
Modify parameters and re-test
Compare with 442 strategies
Already have an account? Sign in
Quick Facts
Complexity
Beginner
NSE Suitability
Very High
Timeframe
Daily (Expiry)
Best For
Options Traders
Popularity
9/10