Nifty 916 Short :15pm Backtesting

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We are going to backtest this Nifty Short Straddle stragegy. we will take and entry at 9:16am when the market opens and exit at 13:15  before the afternoon volatility starts. we will see the results and check whether this strategy is profitable or not.

You may also like to backtest with other exit time

Nifty 9:16 Short Straddle Exit time 1:15pm charts

Nifty 916 Short Straddle Profit & Loss

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Nifty 916 Intraday Short Straddle Strategy exit Time 1:15pm Performance Summary

Nifty Short Straddle 916 1315 Summary

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Nifty 916 Short Straddle Exit Time 1:15pm Day wise Backtesting Results

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Nifty 9:16 Short Straddle Intradat Strategy Backtest Results Month wise

FAQ ON Nifty Short Straddle Backtest

Is Short Straddle a good Strategy

Yes Short Straddle is a good strategy

Can I Trade in Nifty Short Straddle

Yes you can trade in Nifty Short Straddle Strategy.

I am new to Trading Can I Trade Short Straddle Strategy

Yes you can trade in Short Straddle Strategy.

What is Short Straddle Option Strategy

Short Straddle Option strategy You have to sell a a call option and a put option of the same strike price of the same expiry,

Can I close 1 Leg in Short Straddle Strategy

Yes, you can close one leg at any point. but it will convert your strategy to a naked option selling which is dangerous. so carefully backtest the strategy before closing any leg.

Which is best Nifty Short Straddle of bank Nifty Short Straddle?

Nifty is stable and has low volatility hence the premiums are low as compared to Bank Nifty. Bank Nifty is highly volatile and its IV are high hence the premium are high which attracts lots of trader,

Conclusion for backtesting of Nifty Intraday Short Straddle

Below is the conclusion on free backtest of Nifty Intraday short Straddle. 

We can observe that the Nifty Short straddle Strategy is Profitable and it has given a profit of Rs.139306.

It has average day profit of Rs.106. Max profit on a single day is Rs.16939 and Max loss of Rs.-29190.

It has 64% win days and 36% loss days.

Average monthly profit is Rs.2148.

Average Profit on win days is Rs.1152.

Average Loss on losing days is Rs.1751.

Max winning streak is 17 days and max losing streak is 6 days.

Max drawdown is Rs.-70296. recovery period is 574 (321 Days) (18 Jul 2019 – 11 Feb 2021)

Return to max drawdown is 0.37.

Expectancy is 0.06 for this intraday short straddle straddle 

nifty-backtesting-intraday-short-straddle-916am-to-115pm

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