Nifty 09:20 Short Strangle Backtest

Sell a Nifty call three strikes above and a put three strikes below the at-the-money strike at 09:20 on the nearest weekly expiry, close at 15:15.

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
-₹13,300
after ₹21,210 of costs
Win rate
65.3%
of trading days
Max drawdown
-₹40,106
not recovered in range
Expectancy
-₹131.68
per trading day
Profit factor
0.86
gross wins / gross losses
Best and worst day
₹4,074 / -₹11,494
longest losing run 4 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
Sell Call3 strikes above at the money1None
Sell Put3 strikes below 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 24600C leg

Day by day

DateContractsExpiryExitNet P&L
2026-11-11 WedS 25500 CE, S 25200 PE2026-11-17time_exit-₹454
2026-11-09 MonS 25050 CE, S 24750 PE2026-11-09time_exit₹4,074
2026-11-05 ThuS 24500 CE, S 24200 PE2026-11-09time_exit-₹2,696
2026-11-04 WedS 24050 CE, S 23750 PE2026-11-09time_exit₹3,684
2026-11-03 TueS 23750 CE, S 23450 PE2026-11-03time_exit₹924
2026-11-02 MonS 23400 CE, S 23100 PE2026-11-03time_exit₹1,688
2026-10-30 FriS 23100 CE, S 22800 PE2026-11-03time_exit₹2,208
2026-10-29 ThuS 22900 CE, S 22600 PE2026-11-03time_exit-₹538
2026-10-28 WedS 22750 CE, S 22450 PE2026-11-03time_exit₹2,715
2026-10-27 TueS 22800 CE, S 22500 PE2026-11-03time_exit₹3,742
2026-10-26 MonS 22600 CE, S 22300 PE2026-11-03time_exit-₹3,002
2026-10-22 ThuS 22750 CE, S 22450 PE2026-11-03time_exit₹1,071
2026-10-21 WedS 23200 CE, S 22900 PE2026-11-03time_exit-₹3,756
2026-10-14 WedS 22850 CE, S 22550 PE2026-10-19time_exit₹1,402
2026-10-13 TueS 22550 CE, S 22250 PE2026-10-13time_exit-₹8,127
2026-10-12 MonS 22750 CE, S 22450 PE2026-10-13time_exit-₹5,598
2026-10-09 FriS 22500 CE, S 22200 PE2026-10-13time_exit-₹1,656
2026-10-08 ThuS 22700 CE, S 22400 PE2026-10-13time_exit-₹6,196
2026-10-05 MonS 22700 CE, S 22400 PE2026-10-06time_exit₹1,239
2026-10-01 ThuS 22700 CE, S 22400 PE2026-10-06time_exit₹206
2026-09-30 WedS 22850 CE, S 22550 PE2026-10-06time_exit₹1,662
2026-09-29 TueS 22800 CE, S 22500 PE2026-10-06time_exit₹1,392
2026-09-28 MonS 23100 CE, S 22800 PE2026-10-06time_exit₹47
2026-09-25 FriS 23250 CE, S 22950 PE2026-10-06time_exit₹934
2026-09-24 ThuS 23400 CE, S 23100 PE2026-10-06time_exit-₹3,967
2026-09-23 WedS 23550 CE, S 23250 PE2026-10-06time_exit₹1,184
2026-09-22 TueS 23600 CE, S 23300 PE2026-09-22time_exit₹333
2026-09-21 MonS 23550 CE, S 23250 PE2026-09-22time_exit₹590
2026-09-18 FriS 23450 CE, S 23150 PE2026-09-22time_exit₹1,698
2026-09-17 ThuS 23400 CE, S 23100 PE2026-09-22time_exit₹1,919
2026-09-16 WedS 23400 CE, S 23100 PE2026-09-22time_exit₹752
2026-09-15 TueS 23650 CE, S 23350 PE2026-09-15time_exit-₹10,395
2026-09-11 FriS 23400 CE, S 23100 PE2026-09-15time_exit-₹3,954
2026-09-10 ThuS 23600 CE, S 23300 PE2026-09-15time_exit₹1,048
2026-09-09 WedS 23650 CE, S 23350 PE2026-09-15time_exit₹950
2026-09-08 TueS 23900 CE, S 23600 PE2026-09-08time_exit-₹688
2026-09-07 MonS 24050 CE, S 23750 PE2026-09-08time_exit-₹265
2026-09-04 FriS 24050 CE, S 23750 PE2026-09-08time_exit₹739
2026-09-03 ThuS 24150 CE, S 23850 PE2026-09-08time_exit-₹191
2026-09-02 WedS 24000 CE, S 23700 PE2026-09-08time_exit₹966
2026-09-01 TueS 24250 CE, S 23950 PE2026-09-01time_exit-₹421
2026-08-31 MonS 24250 CE, S 23950 PE2026-09-01time_exit-₹418
2026-08-27 ThuS 24450 CE, S 24150 PE2026-09-01time_exit-₹802
2026-08-26 WedS 24500 CE, S 24200 PE2026-09-01time_exit₹313
2026-08-25 TueS 24350 CE, S 24050 PE2026-09-01time_exit-₹717
2026-08-24 MonS 24450 CE, S 24150 PE2026-09-01time_exit-₹759
2026-08-20 ThuS 24400 CE, S 24100 PE2026-09-01time_exit₹333
2026-08-19 WedS 24300 CE, S 24000 PE2026-09-01time_exit₹674
2026-08-18 TueS 24350 CE, S 24050 PE2026-08-18time_exit₹512
2026-08-17 MonS 24500 CE, S 24200 PE2026-08-18time_exit₹313
2026-08-11 TueS 24750 CE, S 24450 PE2026-08-11time_exit₹2,117
2026-08-10 MonS 24750 CE, S 24450 PE2026-08-11time_exit₹2,036
2026-08-06 ThuS 24800 CE, S 24500 PE2026-08-11time_exit-₹54
2026-08-05 WedS 24800 CE, S 24500 PE2026-08-11time_exit-₹1,396
2026-08-04 TueS 24850 CE, S 24550 PE2026-08-04time_exit-₹4,438
2026-08-03 MonS 24700 CE, S 24400 PE2026-08-04time_exit₹274
2026-07-30 ThuS 24400 CE, S 24100 PE2026-08-04time_exit₹563
2026-07-29 WedS 24350 CE, S 24050 PE2026-08-04time_exit₹284
2026-07-28 TueS 24100 CE, S 23800 PE2026-08-04time_exit₹811
2026-07-27 MonS 24100 CE, S 23800 PE2026-08-04time_exit₹1,964
2026-07-23 ThuS 24050 CE, S 23750 PE2026-08-04time_exit₹385
2026-07-22 WedS 24300 CE, S 24000 PE2026-08-04time_exit-₹776
2026-07-21 TueS 24350 CE, S 24050 PE2026-07-21time_exit₹1,126
2026-07-20 MonS 24350 CE, S 24050 PE2026-07-21time_exit₹1,971
2026-07-16 ThuS 24300 CE, S 24000 PE2026-07-21time_exit₹294
2026-07-15 WedS 24250 CE, S 23950 PE2026-07-21time_exit₹583
2026-07-14 TueS 24200 CE, S 23900 PE2026-07-14time_exit₹2,270
2026-07-13 MonS 24200 CE, S 23900 PE2026-07-14time_exit-₹2,115
2026-07-09 ThuS 24100 CE, S 23800 PE2026-07-14time_exit₹2,058
2026-07-08 WedS 24400 CE, S 24100 PE2026-07-14time_exit-₹11,494
2026-07-07 TueS 24600 CE, S 24300 PE2026-07-07time_exit₹622
2026-07-06 MonS 24450 CE, S 24150 PE2026-07-07time_exit-₹412
2026-07-03 FriS 24550 CE, S 24250 PE2026-07-07time_exit₹141
2026-07-02 ThuS 24200 CE, S 23900 PE2026-07-07time_exit₹580
2026-07-01 WedS 24050 CE, S 23750 PE2026-07-07time_exit₹1,207
2026-06-30 TueS 24100 CE, S 23800 PE2026-07-07time_exit₹1,954
2026-06-29 MonS 24250 CE, S 23950 PE2026-07-07time_exit-₹1,624
2026-06-24 WedS 24000 CE, S 23700 PE2026-07-07time_exit-₹1,062
2026-06-23 TueS 24250 CE, S 23950 PE2026-06-23time_exit-₹7,340
2026-06-22 MonS 24250 CE, S 23950 PE2026-06-23time_exit₹1,266
2026-06-18 ThuS 24250 CE, S 23950 PE2026-06-23time_exit₹1,236
2026-06-17 WedS 24150 CE, S 23850 PE2026-06-23time_exit₹999
2026-06-16 TueS 24050 CE, S 23750 PE2026-06-16time_exit₹1,113
2026-06-15 MonS 24100 CE, S 23800 PE2026-06-16time_exit₹629
2026-06-12 FriS 23600 CE, S 23300 PE2026-06-16time_exit-₹3,499
2026-06-11 ThuS 23300 CE, S 23000 PE2026-06-16time_exit₹1,376
2026-06-10 WedS 23450 CE, S 23150 PE2026-06-16time_exit₹1,441
2026-06-09 TueS 23400 CE, S 23100 PE2026-06-09time_exit₹1,642
2026-06-08 MonS 23250 CE, S 22950 PE2026-06-09time_exit₹2,933
2026-06-04 ThuS 23500 CE, S 23200 PE2026-06-09time_exit₹1,841
2026-06-03 WedS 23450 CE, S 23150 PE2026-06-09time_exit-₹1,539
2026-06-02 TueS 23450 CE, S 23150 PE2026-06-02time_exit-₹623
2026-06-01 MonS 23800 CE, S 23500 PE2026-06-02time_exit-₹2,430
2026-05-26 TueS 24150 CE, S 23850 PE2026-06-02time_exit₹1,142
2026-05-25 MonS 24100 CE, S 23800 PE2026-06-02time_exit₹525
2026-05-21 ThuS 23900 CE, S 23600 PE2026-06-02time_exit₹1,305
2026-05-20 WedS 23600 CE, S 23300 PE2026-06-02time_exit₹24
2026-05-19 TueS 23900 CE, S 23600 PE2026-05-19time_exit₹2,526
2026-05-18 MonS 23550 CE, S 23250 PE2026-05-19time_exit-₹2,053
2026-05-14 ThuS 23700 CE, S 23400 PE2026-05-19time_exit₹1,256
2026-05-13 WedS 23550 CE, S 23250 PE2026-05-19time_exit₹352

Test Your Own Version

Pick the Short Strangle template with width 3 in the Options Strategy Backtest, change the entry time, strikes, stop or dates, and copy the days into your trading journal.

Highest value per dollar on the market

At TradesViz we focus on value and utility provided to traders. That's why we're still #1 when it comes to the value and features offered on an online trading journal.


Our guarantee: You will not find a better, more versatile, constantly up-to-date trading journal even at 2x or 3x our price. View Full Pricing.

Save a total of 50% on yearly plans + Get 1-Year free EZstockscreener subscription

30% Discount from Nov 12th, 2026 - Nov 30th, 2026

Discount Code: TVBF26
Get a total savings of 50% and free 1-Year subscription to EZstockscreener.com when choosing Yearly subscription!

Basic

₹0 /month

For beginner traders to get started with journaling.

  • Import 3000 executions/ month
  • Free trading simulator (Daily Drill): one hidden market day a day
  • 50+ Performance Visualizations
  • Basic auto-generated charts
  • All basic trade management features and trade charts
Get started

Pro

₹ 14.99 10.49 /month (billed yearly)

All asset type import + 100s of charts & powerful grid features.

Get started

Platinum

₹ 22.49 15.74 /month (billed yearly)

All-in-one journaling, simulation and advanced analysis platform.

Get started

What Trading Experts Say

TradesViz is the only trading journal in the world to be recognized internationally
by the popular Benzinga FinTech Awards Competition as a
Finalist in Best Data Analysis tool and Best Portfolio Tracker categories!
Fintech Awards 2024 Finalist Badge TradesViz Best Trading Analysis Tool
Fintech Awards 2024 Finalist Badge TradesViz Best Trading Analysis Tool
Fintech Awards 2023 Finalist Badge TradesViz Best Data Analysis Tool


TradesViz is the most useful trading journal on the market for finding and quantifying your edge. An all in one trading journal tool for traders.

profile picture
Steve Burns

Trader, Author, and founder of NewTraderU.com

PK and the whole team at TradesViz.com have put together an outstanding product with exceptional features. PK provides the most excellent support in the chat help. And if something really isn't working quite right or as expected, they get busy to make it better. I originally signed up for TradesViz to have the simulator function which also gave me the statistical analysis I could use to improve my trading. I had been using a simulator which had almost no analysis. When TradesViz added the simulator function I gave it a try. At first I had a hard time making it work, but with patient explanation from PK and with some tweaking on functionality from the coders on the backend, they have delivered a super trading simulator. The trade analysis part of TradesViz is second to none. I've gained the insight into my trading weaknesses and strengths to be able to trade much better in my live account. This is the service you need!

profile picture
Sue 

I definitely recommend Tradesviz especially for new traders the way it tracks your stats is no short of amazing especially for me personally by best exit and and of the stats that tell you how long you usually are in drawdown and you are usually in profit. If you want to build confidence in your strategy and edge this journal is the way to go for sure!

profile picture
Kamaure 

TradesViz has made a huge difference in my trading and has positively impacted my trading for the better in psychology and profit.

I use it DAILY and have noticed the vast improvements being made, not only in profit but also in my mental approach to trading.

This is a must-have tool and is more important than any indicator you could ever use.

profile picture
Tammy 

I've subscribed, at different times, to various reporting programs, and trialed several others.
Yours is night and day over them all. I particularly appreciate the degree of available customization and your quick, ever-patient response to support requests.
I have a small trading account. Thank you for offering such a sophisticated program at an affordable price.

profile picture
Stephen 

TradesViz is a true leader in Trade Journaling Software. They offer extensive statistical data at an amazing price that almost seems too good to be true. You have access to an amazing support team that seems to be active at all hours of the day. My support agent helped me through a complex import issue and had it solved within 24 hours. I can't tell you how blown away I am with their software and their service. I'm more than happy with my experience and so excited to see what new features they bring to the table as they continue to grow their business. If you're on the fence, I encourage you to jump right over and take it for a spin with their risk-free trial. Thanks to all the TradesViz team members who continue to make my Trade Journaling efficient and effective.

profile picture
David 

Day Trader

GREAT PRODUCT AND EVEN BETTER CUSTOMER SUPPORT!

I have been using TradesViz for a few months and it is a fantastic tool. Prior to subscribing, I was spending hours on xls trying different tables and layouts and only getting frustrated (or overcomplicating things!). Now I have everything in one place (I have multiple trading accounts), and I have probably only explored 10% of the tools and data analytics!

BUT, what has really impressed me is the support: I have NEVER in the last 10 years had such instant, professional support from a company at (almost) anytime of the day or night!
Clearly this is a team that is passionate about their product and that will always translates into innovation and better experience & value to the customer.
Well done to the team!!

profile picture
Miknik 

After only a short time of using TradesViz, I can confirm that this platform is exactly what I have been looking for.  It takes the chore out of journaling – the number of stats, data, and information available on my trades is a complete game-changer.  The importing process via MT4 file is extremely easy and the automated charts with entries are amazing.  The whole process is extremely easy and helps to keep me accountable for my trading by having a professional system to manage my business.  The platform is very comprehensive and takes a bit of time to get used to, but they have many videos on their YouTube to help with this as well as their support team. 

 

Their support is exemplary and gets back to all my queries in well under 30 minutes with comprehensive answers and solutions to my questions.

 

This platform is absolutely essential for any trader and I would highly recommend it to any of my trader friends looking for a journal. If you don’t have this platform, you are seriously missing a trick here…

profile picture
Cameron 

Thanks, PK from TradesViz for being extremely helpful and patient in resolving my syncing issue. Certainly one of the best online support I have ever experienced. Even though it took a while for me to get my settings right, I never felt rushed...I appreciate that. Hope to stay with you guys for a long time. Certainly would like to learn how to utilize most of the features on TradeViz.

profile picture
Ali Abubakar 

In my opinion, the TradesViz platform is truly the Ferrari of journaling software available today. Once you are under the hood, you begin to realize that in fact what sets it so far apart is all the advanced analysis at your fingertips. Such as the ability to combine multiple portfolios, live charting, and much more. Their support is world-class, in my case personally, I needed integration with Trend Spider’s backtesting engine. What I imagined might take weeks was literally accomplished overnight. Factor in rock bottom prices and you have all you need for whatever you're searching for. Newer traders will find that one of the most basic recipes for success is meticulous record keeping, simply observing your account profit and loss go up, or just down as the case may be, is the first step on the road to ruin if your serious about trading.

profile picture
R Burton

Trader

I'm writing this testimonial as appreciation for this surprisingly pleasant
conversation.

Upon my initial support request, TradesViz's support was impressively swift. A response appeared every single time as soon as I closed my email tab. Not only did I receive incredibly helpful information about features I wasn't aware of, but the team was also genuinely enthusiastic about discussing my feature requests and ideas about the industry. Truly awesome people!

profile picture
Luka 

In terms of raw analytics, comparison, and filtering capabilities, there is no match for TradesViz. I also don't know of any other trading journals that offer so much for the price, their free version has pretty much everything you would need if you trade stocks and offer so many of the paid features that are on other websites for free. They have templates for almost every broker and if it's not there, their support team is only 1 email or message away and will work with you to include your broker on their platform. By far the best support I have gotten from any trading journal as they are open to feedback and feature requests and are very active on their chat for any questions. A trading journal built by traders, for traders.

profile picture
Gregory 

Professional Futures Day Trader

I wish I had TradesViz when I started to trade ten years ago. I had to learn the hard way. It provides everything you need to maximize your wins and minimize your losses. 

There’s a learning curve but once you get past that your trading will surely be taken to the next level.

profile picture
Jason Freeman

Founder of ChartLearning.com

As a full-time trader, the first pivot point in my trading results came after I started to learn from Mark Minervini - this is when I stopped losing $$$. The second pivot point came after I started to analyze my results - this is when I started to be consistently profitable $$$.

I love that TradesViz works for Options, Stocks, Crypto! It has automated and manual uploads. It has all the important metrics and analysis that you will need and it is fully customizable.

I have tried pretty much most of the products out there, and TradesViz wins by a mile - highly recommend it! Thanks to PK and the team!

profile picture
TinTinTrading 

Thanks, @MightySoldiers for turning me on to @tradesviz. I'm loving the customized dashboard. The level of detail and ability to really dig deep on metrics is unparalleled. This tool has helped me so much in defining my trading strategy and where my edge is.

profile picture
Jeremy 

Trader

I was looking for a solution to journal my trades on multiple platforms to keep track of my PNL. I stumbled upon TradesViz and I have nothing but positive to say about their service. Not only does their product make it so easy to see how you are doing on your trades with the various graphs and filtering options, getting your account synced is super intuitive. Best of all their customer service is top-notch. Every time I have asked a question, they have responded within a few hours with a solution, and sometimes that involved programming custom solutions for me to make my life easier. It's a no-brainer for me to pay for the yearly service. Do it, you won't regret it.

profile picture
Ameet 

E-commerce Analyst and Trader