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Your idea: NIFTY weekly re-centring iron fly (5 lots) Entry: Wednesday, betwee…
💡 Described strategy
Analysed 27 Oct 2026, 09:01 PM IST
⏳ Backtest pending — a data-backed verdict will be attached.
Detected components (auto-read from transcript)
Verdict
Not auto-backtested — honestly, we can't. AI-decoded: Weekly NIFTY iron fly (ATM straddle short + ±1000 wings long) with dynamic re-centring on 120-pt moves and loss-based stop.
We give real option backtests only for fixed-entry option-selling structures (weekly credit/ratio spreads) priced on real cached NIFTY premiums. This one is an options structure we don't have cached premiums for, which needs intraday/tick option data and a chart-signal engine we don't have — so we show no number rather than a misleading proxy. Flagged for a hand-built review.
Full transcript (126 words)
NIFTY weekly re-centring iron fly (5 lots)
Entry: Wednesday, between 14:50 and 15:10, on the next Tuesday expiry (5–6 days away):
Sell the ATM call and the ATM put.
Buy a call 1000 points above ATM and a put 1000 points below ATM.
Re-centre: whenever NIFTY moves 120 points away from the sold strike:
Close all 4 legs.
Open the same 4-leg structure around the new ATM (sell the ATM call and put, buy wings ±1000).
At most 3 times a day, only between 09:20 and 15:15, never on expiry day.
Stop: exit everything if the total loss (including losses booked on earlier re-centres) reaches the credit received at the first entry.
Exit: otherwise close everything at 12:00 on expiry day. There is no profit target.
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