BN option selling strategy


Good morning, I have been paper testing BN options strategy for atleast 1 year now. I started trading with real capital in late Sep 2018 and here is a summary of my strategy (short strangle at 800-1000 points away from SPOT and adjustments according to market movements)

Close to 30% on a capital of 10L. Need expert advice on the following specific questions

  1. Am I lucky? Coz the BN did not see major movements like demo, brexit, surgical strike
  2. Is there a way to test options short selling on Streak? or any other platform
  3. Has someone tried backtesting with EOD data taken from NSE website
  4. I struggle at times with lot sizing, especially when the difference in premiums on CE and PE side are large

Many thanks in advance :pray::slightly_smiling_face:


How many lots ? what is the strategy ? selling OTM put and OTM call ?


Lot size - depends on the VIX value, spot, important events in near one week and day of week
strategy - I’ve mentioned in my post - yes, short strangle


way OTM short strangles will give money in the end …
only thing we should avoid tricky days , cover if there are any events like rbi meet , budget etc …

invariably losses will be huge incase of black swan events that we cant avoid … one way is hedge it with even further OTMs , but this will eat your profits


1.maybe yes, one movement like that Question your system’s risk management
2.I don’t think such kind exists in India
4.Sizing is what differentiate good traders t great ones. Keeping Delta neutral can be a start


Options are not supported by streak. you can backtest futures and spot