Nifty Intraday Iron Fly Backtest

Sell the at-the-money call and put and buy wings three strikes away, 09:20 to 15:15 on the nearest weekly expiry.

Backtested 2026-05-13 to 2026-11-12 on 101 trading days (1 excluded, listed below), one lot per leg, costs included. Historical simulation, refreshed weekly.

Total net P&L
-₹29,761
after ₹42,420 of costs
Win rate
29.7%
of trading days
Max drawdown
-₹29,552
not recovered in range
Expectancy
-₹294.67
per trading day
Profit factor
0.47
gross wins / gross losses
Best and worst day
₹5,781 / -₹4,557
longest losing run 20 days

Cumulative net P&L

Net P&L by day

Net P&L by weekday

Net P&L by days to expiry at entry

The rules

Underlying
Nifty
Entry
09:20, Monday to Friday
Exit
15:15, or earlier on a stop
Expiry
Nearest weekly expiry
Commission
₹20.0 per lot, on entry and on exit
Slippage
0.5 premium points against every fill

Times are exchange time. Prices are last-traded one-minute marks, not quotes you could always have filled at. Lot sizes follow each contract's expiry, so a range that spans an NSE lot size change uses the old size before it and the new size after. Option premiums are not shown on this page.

LegStrikeLotsStop
Buy Put3 strikes below at the money1None
Sell PutAt the money1None
Sell CallAt the money1None
Buy Call3 strikes above at the money1None

Days left out (1)

These days are not in any number on this page, rather than being counted as flat.

  • 1 day: no trade near the entry time for the 24300P leg

Day by day

DateContractsExpiryExitNet P&L
2026-11-11 WedB 25200 PE, S 25350 PE, S 25350 CE, B 25500 CE2026-11-17time_exit-₹1,431
2026-11-09 MonB 24750 PE, S 24900 PE, S 24900 CE, B 25050 CE2026-11-09time_exit₹402
2026-11-05 ThuB 24200 PE, S 24350 PE, S 24350 CE, B 24500 CE2026-11-09time_exit-₹583
2026-11-04 WedB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-11-09time_exit₹539
2026-11-03 TueB 23450 PE, S 23600 PE, S 23600 CE, B 23750 CE2026-11-03time_exit-₹1,788
2026-11-02 MonB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-11-03time_exit₹256
2026-10-30 FriB 22800 PE, S 22950 PE, S 22950 CE, B 23100 CE2026-11-03time_exit-₹205
2026-10-29 ThuB 22600 PE, S 22750 PE, S 22750 CE, B 22900 CE2026-11-03time_exit₹461
2026-10-28 WedB 22450 PE, S 22600 PE, S 22600 CE, B 22750 CE2026-11-03time_exit₹825
2026-10-27 TueB 22500 PE, S 22650 PE, S 22650 CE, B 22800 CE2026-11-03time_exit-₹423
2026-10-26 MonB 22300 PE, S 22450 PE, S 22450 CE, B 22600 CE2026-11-03time_exit-₹1,031
2026-10-22 ThuB 22450 PE, S 22600 PE, S 22600 CE, B 22750 CE2026-11-03time_exit₹298
2026-10-21 WedB 22900 PE, S 23050 PE, S 23050 CE, B 23200 CE2026-11-03time_exit₹279
2026-10-14 WedB 22550 PE, S 22700 PE, S 22700 CE, B 22850 CE2026-10-19time_exit₹3
2026-10-13 TueB 22250 PE, S 22400 PE, S 22400 CE, B 22550 CE2026-10-13time_exit-₹3,761
2026-10-12 MonB 22450 PE, S 22600 PE, S 22600 CE, B 22750 CE2026-10-13time_exit-₹2,087
2026-10-09 FriB 22200 PE, S 22350 PE, S 22350 CE, B 22500 CE2026-10-13time_exit-₹1,229
2026-10-08 ThuB 22400 PE, S 22550 PE, S 22550 CE, B 22700 CE2026-10-13time_exit-₹1,024
2026-10-05 MonB 22400 PE, S 22550 PE, S 22550 CE, B 22700 CE2026-10-06time_exit₹812
2026-10-01 ThuB 22400 PE, S 22550 PE, S 22550 CE, B 22700 CE2026-10-06time_exit-₹462
2026-09-30 WedB 22550 PE, S 22700 PE, S 22700 CE, B 22850 CE2026-10-06time_exit-₹131
2026-09-29 TueB 22500 PE, S 22650 PE, S 22650 CE, B 22800 CE2026-10-06time_exit-₹433
2026-09-28 MonB 22800 PE, S 22950 PE, S 22950 CE, B 23100 CE2026-10-06time_exit-₹53
2026-09-25 FriB 22950 PE, S 23100 PE, S 23100 CE, B 23250 CE2026-10-06time_exit-₹1
2026-09-24 ThuB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-10-06time_exit-₹514
2026-09-23 WedB 23250 PE, S 23400 PE, S 23400 CE, B 23550 CE2026-10-06time_exit-₹495
2026-09-22 TueB 23300 PE, S 23450 PE, S 23450 CE, B 23600 CE2026-09-22time_exit-₹1,366
2026-09-21 MonB 23250 PE, S 23400 PE, S 23400 CE, B 23550 CE2026-09-22time_exit₹136
2026-09-18 FriB 23150 PE, S 23300 PE, S 23300 CE, B 23450 CE2026-09-22time_exit-₹257
2026-09-17 ThuB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-09-22time_exit-₹326
2026-09-16 WedB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-09-22time_exit-₹134
2026-09-15 TueB 23350 PE, S 23500 PE, S 23500 CE, B 23650 CE2026-09-15time_exit-₹3,781
2026-09-11 FriB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-09-15time_exit-₹1,473
2026-09-10 ThuB 23300 PE, S 23450 PE, S 23450 CE, B 23600 CE2026-09-15time_exit-₹30
2026-09-09 WedB 23350 PE, S 23500 PE, S 23500 CE, B 23650 CE2026-09-15time_exit-₹144
2026-09-08 TueB 23600 PE, S 23750 PE, S 23750 CE, B 23900 CE2026-09-08time_exit-₹2,156
2026-09-07 MonB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-09-08time_exit-₹696
2026-09-04 FriB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-09-08time_exit-₹267
2026-09-03 ThuB 23850 PE, S 24000 PE, S 24000 CE, B 24150 CE2026-09-08time_exit-₹631
2026-09-02 WedB 23700 PE, S 23850 PE, S 23850 CE, B 24000 CE2026-09-08time_exit-₹410
2026-09-01 TueB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-09-01time_exit-₹1,265
2026-08-31 MonB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-09-01time_exit-₹817
2026-08-27 ThuB 24150 PE, S 24300 PE, S 24300 CE, B 24450 CE2026-09-01time_exit-₹349
2026-08-26 WedB 24200 PE, S 24350 PE, S 24350 CE, B 24500 CE2026-09-01time_exit-₹228
2026-08-25 TueB 24050 PE, S 24200 PE, S 24200 CE, B 24350 CE2026-09-01time_exit-₹163
2026-08-24 MonB 24150 PE, S 24300 PE, S 24300 CE, B 24450 CE2026-09-01time_exit-₹66
2026-08-20 ThuB 24100 PE, S 24250 PE, S 24250 CE, B 24400 CE2026-09-01time_exit-₹469
2026-08-19 WedB 24000 PE, S 24150 PE, S 24150 CE, B 24300 CE2026-09-01time_exit-₹89
2026-08-18 TueB 24050 PE, S 24200 PE, S 24200 CE, B 24350 CE2026-08-18time_exit₹2,044
2026-08-17 MonB 24200 PE, S 24350 PE, S 24350 CE, B 24500 CE2026-08-18time_exit₹210
2026-08-11 TueB 24450 PE, S 24600 PE, S 24600 CE, B 24750 CE2026-08-11time_exit-₹495
2026-08-10 MonB 24450 PE, S 24600 PE, S 24600 CE, B 24750 CE2026-08-11time_exit₹331
2026-08-06 ThuB 24500 PE, S 24650 PE, S 24650 CE, B 24800 CE2026-08-11time_exit-₹189
2026-08-05 WedB 24500 PE, S 24650 PE, S 24650 CE, B 24800 CE2026-08-11time_exit-₹381
2026-08-04 TueB 24550 PE, S 24700 PE, S 24700 CE, B 24850 CE2026-08-04time_exit-₹2,373
2026-08-03 MonB 24400 PE, S 24550 PE, S 24550 CE, B 24700 CE2026-08-04time_exit-₹199
2026-07-30 ThuB 24100 PE, S 24250 PE, S 24250 CE, B 24400 CE2026-08-04time_exit₹61
2026-07-29 WedB 24050 PE, S 24200 PE, S 24200 CE, B 24350 CE2026-08-04time_exit-₹27
2026-07-28 TueB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-08-04time_exit₹38
2026-07-27 MonB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-08-04time_exit-₹101
2026-07-23 ThuB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-08-04time_exit₹467
2026-07-22 WedB 24000 PE, S 24150 PE, S 24150 CE, B 24300 CE2026-08-04time_exit-₹592
2026-07-21 TueB 24050 PE, S 24200 PE, S 24200 CE, B 24350 CE2026-07-21time_exit₹3,997
2026-07-20 MonB 24050 PE, S 24200 PE, S 24200 CE, B 24350 CE2026-07-21time_exit-₹14
2026-07-16 ThuB 24000 PE, S 24150 PE, S 24150 CE, B 24300 CE2026-07-21time_exit₹106
2026-07-15 WedB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-07-21time_exit₹16
2026-07-14 TueB 23900 PE, S 24050 PE, S 24050 CE, B 24200 CE2026-07-14time_exit₹5,781
2026-07-13 MonB 23900 PE, S 24050 PE, S 24050 CE, B 24200 CE2026-07-14time_exit-₹1,138
2026-07-09 ThuB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-07-14time_exit-₹612
2026-07-08 WedB 24100 PE, S 24250 PE, S 24250 CE, B 24400 CE2026-07-14time_exit₹435
2026-07-07 TueB 24300 PE, S 24450 PE, S 24450 CE, B 24600 CE2026-07-07time_exit₹2,209
2026-07-06 MonB 24150 PE, S 24300 PE, S 24300 CE, B 24450 CE2026-07-07time_exit-₹160
2026-07-03 FriB 24250 PE, S 24400 PE, S 24400 CE, B 24550 CE2026-07-07time_exit₹318
2026-07-02 ThuB 23900 PE, S 24050 PE, S 24050 CE, B 24200 CE2026-07-07time_exit-₹556
2026-07-01 WedB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-07-07time_exit-₹199
2026-06-30 TueB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-07-07time_exit-₹738
2026-06-29 MonB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-07-07time_exit-₹147
2026-06-24 WedB 23700 PE, S 23850 PE, S 23850 CE, B 24000 CE2026-07-07time_exit-₹673
2026-06-23 TueB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-06-23time_exit-₹4,557
2026-06-22 MonB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-06-23time_exit₹584
2026-06-18 ThuB 23950 PE, S 24100 PE, S 24100 CE, B 24250 CE2026-06-23time_exit₹223
2026-06-17 WedB 23850 PE, S 24000 PE, S 24000 CE, B 24150 CE2026-06-23time_exit-₹329
2026-06-16 TueB 23750 PE, S 23900 PE, S 23900 CE, B 24050 CE2026-06-16time_exit₹9
2026-06-15 MonB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-06-16time_exit-₹687
2026-06-12 FriB 23300 PE, S 23450 PE, S 23450 CE, B 23600 CE2026-06-16time_exit-₹807
2026-06-11 ThuB 23000 PE, S 23150 PE, S 23150 CE, B 23300 CE2026-06-16time_exit-₹540
2026-06-10 WedB 23150 PE, S 23300 PE, S 23300 CE, B 23450 CE2026-06-16time_exit₹760
2026-06-09 TueB 23100 PE, S 23250 PE, S 23250 CE, B 23400 CE2026-06-09time_exit₹4,757
2026-06-08 MonB 22950 PE, S 23100 PE, S 23100 CE, B 23250 CE2026-06-09time_exit₹136
2026-06-04 ThuB 23200 PE, S 23350 PE, S 23350 CE, B 23500 CE2026-06-09time_exit₹249
2026-06-03 WedB 23150 PE, S 23300 PE, S 23300 CE, B 23450 CE2026-06-09time_exit-₹566
2026-06-02 TueB 23150 PE, S 23300 PE, S 23300 CE, B 23450 CE2026-06-02time_exit-₹4,118
2026-06-01 MonB 23500 PE, S 23650 PE, S 23650 CE, B 23800 CE2026-06-02time_exit-₹700
2026-05-26 TueB 23850 PE, S 24000 PE, S 24000 CE, B 24150 CE2026-06-02time_exit-₹40
2026-05-25 MonB 23800 PE, S 23950 PE, S 23950 CE, B 24100 CE2026-06-02time_exit-₹176
2026-05-21 ThuB 23600 PE, S 23750 PE, S 23750 CE, B 23900 CE2026-06-02time_exit-₹514
2026-05-20 WedB 23300 PE, S 23450 PE, S 23450 CE, B 23600 CE2026-06-02time_exit-₹872
2026-05-19 TueB 23600 PE, S 23750 PE, S 23750 CE, B 23900 CE2026-05-19time_exit-₹1,798
2026-05-18 MonB 23250 PE, S 23400 PE, S 23400 CE, B 23550 CE2026-05-19time_exit-₹452
2026-05-14 ThuB 23400 PE, S 23550 PE, S 23550 CE, B 23700 CE2026-05-19time_exit-₹774
2026-05-13 WedB 23250 PE, S 23400 PE, S 23400 CE, B 23550 CE2026-05-19time_exit-₹209

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