Can we really earn in nifty short straddle positional trading?
I have lost around 50L in 20 years still strugfling to gain option buying no sucess, stocks no sucess
Now earning using nifty short straddle 60DTE OPTION SELLING😂
You’re in luck! ITM by Z released a backtest video on this recently! 
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Now will closed this current position on 25 aug and deply new one.
Make sure you’re not over-leveraged. 
Mr. Rao in the video says no more than 1.5x leverage but IMHO it’s too low to earn a meaningful ROC. I would recommend to follow Tasty’s VIX based position sizing. 
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No over leaverage at all.
I deploy 66% capital and keep 33% for adjustment or unexpected events surge.
That would be the double whammy from vol expansion and put breaches. 
Quite high, but not as high as some Sbull Showcase traders! 
How do you adjust a straddle, by going inverted or in Tasty speak - buying the guts and selling the wings? 
Its kind
delta nuturial.
Vix exit.
35% profit exit.
Ratio spread.
Hard rules needs to follow here.
Seen 2/12 layer 2 adjustment when there is huge surge but manage to reuce loss.
Average gain /year 60%+
Okay, good luck to you! 
I would advise some caution on leverage and PnL expectation as you transition from paper trading to the real deal!
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Don’t get me wrong,but unless and until you have huge capital such that P&L fluctuations don’t significantly affect you, you won’t have the same psychology while trading with real money as you do right now.
Yes this is the main and real concerns for us, thats why following rules is necessory for such position.
Else 100% loss is there, rules and rules are key here.
Don’t follow your rules always
It makes you brittle
Be flexible.
Anyhow, all the best you are a better judge than me.
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Enhanced Version — Professional & Transparent
- Delta-Based Strategy:
This strategy is primarily Delta-driven, using a 60-DTE Short Straddle as the core position. Position adjustments are made based on predefined Delta levels and market conditions rather than emotional or discretionary decisions. - Target Return:
Based on the strategy framework and historical observations, the strategy aims to generate 5%+ returns on ₹3 lakh capital in favorable months. However, this should be treated as a target, not a guaranteed minimum return. - Loss-Making Months:
Some months may result in losses, particularly during strong directional moves or sudden volatility expansion. The strategy is designed to control and limit losses through predefined adjustment rules, rather than expecting every month to be profitable. - Long-Term Return Potential:
Over a longer period, the strategy has demonstrated the potential for substantial cumulative returns, potentially in the 60%–80% range under favorable market conditions and disciplined execution. Actual returns can vary significantly depending on volatility, market trends, execution quality, capital allocation and position adjustments. - Do Not Expect Regular Profits:
6.Do not expect profits every month.* The objective is not to generate a fixed monthly income, but to achieve positive overall returns over a series of trades and market cycles. - Strict Risk Management & Adjustments:
The strategy follows predefined entry, adjustment and exit rules. When the market moves against the position, adjustments are triggered according to Delta and other defined conditions. The objective is to reduce uncontrolled losses, protect capital and allow profitable positions to realize their potential.
One-line investment philosophy
“We don’t aim to win every month. We aim to manage every trade correctly, control losses when the market moves against us, and allow the overall strategy to generate positive returns over the long run.”
Important: The 5% monthly and 60%–80% long-term figures should be presented as historical/target potential rather than assured returns, especially in any document shared with investors or customers
Wow, that put is now really underwater. 
And the whole trade is an inverted strangle. 
Why not just do an OTM strangle and adjust?
Low India VIX 11.28 is a part of case study which indicates this is not the panic situation at all.
My Under water Put can be swim in comming days 
This is the problem with an inverted strangle. 
If the put recovers to treading water, the call would be massively underwater. 
You also get less theta on those ITM positions. 
I don’t think he understands inverted strangle.
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He is likely running a positional algo, playing bactested probabilities, and got inverted along the way, with a strategy that has wide stops/tgts.
