📉 NSE Monthly Sell Strategies · 5 Tested

Sell Strategy
Test Outcome

Bull Put Spreads and Iron Condor strategies on NIFTY monthly expiries. 115 expiries analysed · Jan 2017 – Jul 2026 · Rs.30L capital deployed · Real NSE Bhavcopy data.

📅 115 Monthly Expiries 💰 Rs.30 Lakh Capital 📊 5 Strategies ✅ Real NSE Data VIX-Adjusted Lots

Best P&L

Rs.1.55 Cr

BPS -3/-5% · 115 trades

Best Win Rate

89.6%

BPS -4/-6% strategy

Best Avg/Month

Rs.1,34,415

BPS -3/-5% monthly income

Capital Deployed

Rs.30 Lakh

Full margin utilisation

Strategies Tested

BPS (3) + IC (2)

Data Range

7+ Years

Jan 2017 – Jul 2026

📋 All Strategies

Strategy Comparison — All 5 Sell Strategies

Ranked by total P&L · VIX-adjusted lot sizing · Rs.30L capital · Hold to expiry

#	Strategy	Win%	Total P&L	Avg/Month	Best Month	Worst Month	Max DD	Sharpe	Lots

📉 Deep Dive

Strategy Deep Dive

Year heatmap · Cumulative P&L chart · Monthly P&L bars · Full paginated trade log

🌡️ VIX Zone Analysis

Performance by Volatility Regime

How each strategy performs under different India VIX conditions

BPS -3/-5% by VIX Zone

VIX Zone Win Rate — BPS -3/-5%

Win percentage by volatility regime

⚠️ Risk Warnings — Full Rs.30L Margin Deployment

Full margin deployment means 100% of Rs.30L is at risk every expiry cycle.
Worst single month loss reached Rs.38.4L (more than capital) — leverage destroys capital.
Max drawdown of Rs.50L on BPS -3/-5% can occur over multiple bad months.
Black Swan events (2020 COVID, 2022 Russia) caused maximum losses simultaneously.
VIX spikes above 40 invalidate normal spread pricing models.
Lot sizes are VIX-adjusted — actual capital deployed varies each month.
Backtested results assume perfect fills at closing prices — not achievable live.
This is educational analysis only. Not SEBI registered. Not investment advice.

Sell StrategyTest Outcome

Strategy Comparison — All 5 Sell Strategies

Strategy Deep Dive

Performance by Volatility Regime

⚠️ Risk Warnings — Full Rs.30L Margin Deployment

Sell Strategy
Test Outcome