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Option Chain Analysis
Beginner
★ Very High NSE Fit
Daily (Expiry) 9/10 Popularity
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.
Complexity
Beginner
Easy to implement
NSE Suitability
Very High
9.2 / 10 score
Timeframe
Daily (Expiry)
Short to medium term
Best For
Options Traders
1–7 days moves
Indicators Used
1
Options Chain
Win Rate (Backtest)
26.9%
Below 50% threshold
Avg Return / Trade
-0.08%
Per trade, after costs
Max Drawdown
-5.6%
Within typical range
Trades / Year
26
Statistically reasonable sample
Equity Curve (Backtest)
HIGH QUALITY
Tested on: RELIANCE
· 2021-07-05 to 2026-07-15
Total Return
-2.2%
CAGR
-0.5%
Sharpe Ratio
-0.21
Sortino Ratio
-0.32
Calmar Ratio
-0.09
Win Rate
26.9%
NSE Market Fit
9
OUT OF 10
Very High Fit
This strategy is well-suited for current NSE market conditions.
Win rate quality
Risk-adjusted return
Drawdown control
Trade frequency (sample size)
Sharpe ratio
Monthly Returns Heatmap
| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| Jan | -0.8% | — | — | -0.7% | — |
| Feb | -0.5% | -0.5% | — | -1.2% | -0.7% |
| Mar | +1.9% | — | — | — | -0.9% |
| Apr | — | — | -0.6% | -0.8% | — |
| May | — | +0.9% | -0.7% | +1.9% | -0.1% |
| Jun | -0.1% | — | -0.9% | — | — |
| Jul | — | — | +1.8% | — | — |
| Aug | — | — | -1.1% | — | — |
| Sep | -0.1% | — | — | -0.5% | — |
| Oct | — | — | -0.9% | +0.9% | — |
| Nov | +1% | — | — | — | — |
| Dec | — | +0.9% | -0.6% | — | — |
Positive return
Negative return
Performance vs Nifty 50
Nifty 50 comparison isn't available for this backtest period yet.
Trade Distribution
26
Total
Profitable
7 (26.9%)
Losing
19 (73.1%)
↑ Avg Win
+1,333
↓ Avg Loss
-606
★ Best Trade
+1,917
▼ Worst Trade
-1,075
Returns Distribution
How It Works (Quick Overview)
1
Step 1
Identify the market direction and key support/resistance levels on the NIFTY or BANK NIFTY chart
2
Step 2
Select the appropriate strike price based on Delta and time to expiry — ATM or slightly OTM
3
Step 3
Enter on a confirmed directional signal — manage with a 30–50% premium stop loss and defined target
Best Market Conditions
This strategy performs best in:
PCR falling below 0.7 — bearish signal
PCR rising above 1.5 — bullish contrarian signal
Max pain clearly defined with large OI concentration
Significant call writing at resistance — ceiling visible
FII option positioning aligns with directional view
How This Strategy 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
Entry & Exit Rules
Full Backtest Report
Backtested on RELIANCE · 2021-07-05 to 2026-07-15 · Capital ₹100,000
Equity Curve
Live tracking coming soon
We're building forward-tested, paper-trade tracking for this strategy so you can see how it performs on live NSE data — not just historical backtests. Check back soon.
Sample Trade Walkthrough
Strategy Parameters
Frequently Asked Questions
Related Strategies
Looking for alternatives? 0DTE Options Strategy is a similar Intermediate strategy in the same Options category, with Very High NSE suitability.
