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Ironcondor

August Iron Condor Setup on Nifty – Premium Eating Strategy!Hello Traders! Just like we nailed the July Iron Condor, here comes the fresh setup for August expiry. Nifty is trading around 24680 and we are seeing tight range movement with no clear trend for now. In such times, Iron Condor becomes a powerful income-generating strategy for option sellers, especially if the market stays within a defined range. So here's the plan: Strategy Type: Bullish Iron Condor on Nifty (28th August 2025 expiry) Position Details: Sell 2x 24300 PE @ 130.05 Buy 2x 23800 PE @ 53.75 Sell 2x 25000 CE @ 172.50 Buy 2x 25500 CE @ 49.30 Strategy payoff graph: Strategy Rationale: We’ve created a wide range between 24101 to 25199 as our breakeven zone. As long as Nifty stays in this range by expiry, we collect full premium and enjoy time decay. Why We Call It Bullish Iron Condor: We’ve kept the Put side tighter and Call side slightly wider, meaning we have a bullish bias but still want to benefit from a range-bound expiry. Rahul Tip: Don’t go for iron condors blindly, always check for major events, news, or breakout signals. A sudden breakout or breakdown can flip your setup. Adjust or exit if market moves out of your defined zone. Disclaimer: This strategy is for educational purposes only. Please do your own risk management and position sizing. Avoid taking full quantity at once — better to scale in once the range confirms.
NSE:NIFTY
by TraderRahulPal
Nifty July Iron Condor Strategy – Premiums are Still Attractive!Hello Traders! After a strong April, May and June where all three our option writing strategies gave full profits, we are back again with the July edition. Market is respecting the range beautifully, and we are again going with a non-directional Iron Condor setup. Let’s walk through the logic and setup, based on the recent chart and market behaviour. Why This Strategy Now? (Based on Chart Analysis) Resistance Zone: 25,667–26,267 (two-layer zone, minor and major resistance) Support Zone: 24,240–24,892 (50-DEMA tested, strong support) Nifty is hovering inside the range – no clear trend, perfect for sideways strategy MACD has given bearish crossover – adds pressure on upside Strategy Setup (Iron Condor – 31st July Monthly Expiry) Sell 24900 PE (2 lots) Buy 24500 PE (2 lots) Sell 25500 CE (2 lots) Buy 25800 CE (2 lots) Payoff Graph for Strategy: Why This Works (Logic + Technical View) Strategy revolves around the 24,750–25,650 zone where Nifty is stuck Support well aligned to 50-DEMA at 24,892 and 24,240 (intermediate support) Volatility is neutral, data is range-bound – ideal environment for iron condor writers No major events or newsflow – market likely to stay inside band Risk Management & Exit Points Exit if Nifty gives a clean breakout above 25,700 or breakdown below 24,250 If strategy gives 40–50% max profit early, consider booking Always keep an eye on VIX and OI buildup for major trend shifts Rahul's Tip This strategy has worked beautifully for last 3 months. If you’ve been with me, you know how well Iron Condors can work when market ranges. So we ride the same logic again, until the breakout comes. Once again – this is a low risk, range-bound iron condor setup with good risk-to-reward. Have you ever tried a short iron condor on NIFTY? What was your experience? Drop your thoughts below! If you liked this post, don’t forget to LIKE and FOLLOW! Regular updates coming with chart tracking, P&L changes and smart exits. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
NSE:NIFTY
by TraderRahulPal
2
Delta Neutral Strategy – How Pros Make Money Without Direction!Hello Traders! Most traders believe profits only come from predicting market direction. But professionals know a secret: you don’t always need to predict — you can neutralise! Today’s post is about the powerful Delta Neutral Strategy , a technique used by institutions and smart option writers to earn consistently even in sideways or uncertain markets. What is a Delta Neutral Strategy? It’s a position where the overall delta (directional exposure) of your trades is zero . That means, whether the market goes slightly up or down, your position stays unaffected — and you focus on time decay (theta) or volatility crush (vega) to generate profits. Why Pros Love Delta Neutral Trades No Need to Predict Direction: You’re not betting on bullish or bearish trends — you profit from time and volatility. Ideal for Range-Bound Markets: When markets are consolidating, delta neutral setups thrive. Lower Risk, Higher Consistency: With proper hedging, these setups offer smoother equity curves and capital protection. Scalable Strategy: Institutions run massive delta-neutral books — it’s a proven method for large funds. Popular Delta Neutral Setups Short Straddles & Strangles: Collect premium from both Call and Put options — best for low volatility or strong resistance/support zones. Iron Condor: A defined-risk variation that profits in a narrow range, great for weekly expiry strategies. Calendar Spreads: Benefit from time decay differences between near and far expiry options. Risk Management is Key! Delta neutral doesn’t mean zero risk. Use proper stop-loss, position sizing, and adjustment techniques to control loss during trending moves or volatility spikes. Rahul’s Tip “Neutral is powerful — when used right.” Mastering delta-neutral trading can unlock consistent profits without playing guessing games on direction. Just let the premiums work in your favour! Conclusion The Delta Neutral Strategy is not just for pros — even retail traders can learn it and build a consistent, low-stress income model. If you’re tired of predicting every move, maybe it’s time to shift to a strategy where direction doesn’t matter — risk management does . Have you tried delta-neutral trades before? Please share your experience below and let’s grow together!
NSE:NIFTYEducation
by TraderRahulPal
2
Nifty June Iron Condor Strategy–Range is Back Premiums are JuicyHello Traders! Here’s a plan for calm minds who want to generate passive monthly income by leveraging the power of non-directional option selling. Based on the current Nifty structure and OI data, I’ve spotted a new range-bound opportunity — perfect for executing a safe, hedged Iron Condor setup. Why This Strategy Now? (Based on Chart Analysis) Resistance Zone: 25400-25500 (Heavy supply, multiple rejection visible) Support Zone: 23400-23500 (Major bounce levels, strong OI support) Nifty is currently trading near 24500, well inside this range — perfect for deploying a neutral premium-selling setup. Strategy Setup (Iron Condor – 26 June 2025 Monthly Expiry) Sell 25400 CE @ ₹123 (to protect upside move rejection) Buy 25800 CE @ ₹56 (risk protection on breakout) Sell 23650 PE @ ₹99 (to protect downside move rejection) Buy 23200 PE @ ₹51.4 (risk protection on breakdown) Strategy Highlights (Screenshot – ) Why This Works? (OI Logic + Technical View) Strong resistance visible at 25400–25500 zone with rising CE OI Solid put writing zone at 23400–23500 — confirms downside support Volatility is stable, time decay is in our favor — perfect for Iron Condor writers Risk Management & Exit Plans Exit early if either side breaks with volume Don’t hold till expiry — aim to exit around 70–80% max profit Always keep SL alert at breakdown range breaches Rahul’s Tip "Option writing is not for thrill, it’s for discipline. Iron Condor is a weapon when range is visible — use it like a sniper, not like a gambler." Conclusion If your view is Nifty likely to stay between 23400–25400 for the next few weeks, this Iron Condor setup offers high-quality time-based potential. Use proper lot sizing and risk control — let the theta do the work for you! Have you ever deployed an Iron Condor on Nifty? What was your experience? Drop your thoughts in the comments! If you liked this post, don’t forget to LIKE and FOLLOW! I regularly share high-quality trading setups based on real analysis, OI data, and smart risk-managed strategies. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
NSE:NIFTY
by TraderRahulPal
9
Iron Condor vs Batman – Who Wins the Real Option Writing Battle?Hello Traders! In today’s post, we break down two powerful non-directional option strategies — Iron Condor and Batman . Both are used by experienced option writers to profit from range-bound markets. But which one gives you better control, flexibility, and real edge in volatile environments? Let’s decode it. What is an Iron Condor? A combination of Bear Call Spread + Bull Put Spread , placed at a safe distance from the spot price. Risk-defined and premium-rich strategy used when you expect the market to stay in a tight range. Profit zone lies between the short strikes , but max loss occurs if price breaches beyond sold wings. Most effective in low IV, stable trend, or sideways market zones . Example Payoff Chart (Iron Condor): 👉 Refer to the image below for a live payoff example created using Nifty options. Note: This chart is just to help you understand the structure practically. Please don’t treat it as a live buy/sell recommendation. What is the Batman Strategy? A twist on Iron Condor — instead of flat short wings, it adds OTM Long Options (Calls and Puts) far from current price. Looks like a Batman mask on the payoff chart — hence the name. More flexible and safer in volatile markets because the long options act as additional hedges. Great for event trading (Fed days, RBI, earnings) where sudden spikes can hurt naked spreads. Example Payoff Chart (Batman Strategy): 👉 Check the second image for a Batman-style payoff — you’ll see the clear double hump! Note: Again, this example is for educational clarity only — not a trading signal. Iron Condor vs Batman – Which is Better? Iron Condor = Higher ROI but Higher Risk: Great if you’re confident in the range and want more premium. Batman = Lower ROI but Safer Profile: Ideal when expecting possible spikes or IV expansion. Iron Condor needs adjustments faster when breached. Batman gives more breathing room due to long legs. Risk-Reward Balance: Batman sacrifices some profit for better tail-risk protection. When to Choose Which? Choose Iron Condor: When IV is low, market is calm, and no major events ahead. Choose Batman: When IV is rising, events are near, or you’re uncertain about direction but expect movement. Use Iron Condor in weekly expiry zones ; Batman shines in monthly or event weeks . Rahul’s Tip If you’re trading around news, policy days, or high gamma zones — Batman gives protection without killing premium . For silent expiry weeks, stick to a wide Iron Condor with delta-neutral bias . Adjust smartly if breached. Conclusion Iron Condor is like a high-speed train — fast but risky. Batman is like a glider — slower, but safer in stormy skies. Choose your ride based on the weather — market volatility. If you found this post valuable, don't forget to LIKE and FOLLOW! I regularly share real-world trading setups, actionable strategies, and learning-focused content — all from real trading experience, not theory. Stay connected if you're serious about growing as a trader!
NSE:NIFTYEducation
by TraderRahulPal
9
Nifty April 2025 Option Writing Strategy – with Historical Edge!Hello Everyone, i hope you all will be doing good in your Trading and Your life as well. April marks a new beginning for the financial year — and also brings powerful option writing opportunities for those who trust data and discipline. Based on historical Nifty behavior , April usually remains range-bound to mildly bullish , creating a favorable ground for neutral strategies like the Iron Condor. Here’s a premium eating setup you can use for April 2025 — based on current Nifty price around 23,330. Historical Behavior of Nifty in April 7 out of last 10 Aprils closed green — showing a consistent bullish tendency . Volatility cools off after March — providing a good setup for sellers to benefit from IV crush . Consolidation bias makes April perfect for non-directional premium strategies. Short Iron Condor Strategy for April 2025 Nifty Spot: 23,330 Expiry: 24th April 2025 Here’s the Perfect trade setup: Sell 22950 PE @ ₹126.55 Buy 22600 PE @ ₹69.05 Sell 23900 CE @ ₹101.05 Buy 24250 CE @ ₹44.30 Strategy Stats: Max Profit: ₹8,569 Max Loss: ₹17,681 Breakeven Range: 22,836 – 24,014 Probability of Profit: 53.58% Net Credit Received: ₹8,568 Margin Required: ₹99,708 Payoff Chart: Why This Strategy Works for April? Nifty has respected 22800–24000 levels multiple times — current OI supports consolidation in this zone. Risk is defined, and reward is sufficient for neutral bias. Great setup if you expect time decay to be in your favor without sharp directional moves. Rahul’s Tip April favors non-aggressive setups . Don’t over-leverage. Stick to range, manage deltas, and let theta do the magic . Roll your strikes only if VIX spikes heavily or index breaks breakeven zones. Conclusion This Iron Condor setup is one of the best risk-managed plays for April expiry. You’ve got wide breakevens, limited risk, and solid reward. If Nifty stays within range, you get paid while you wait! Have you deployed your April strategy yet? Share your strike selection below – let’s trade smart, not hard! Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
NSE:NIFTY
by TraderRahulPal
3
Firefighting a Short Iron Condor Strategy on Nifty50 on Expiry DThis is a strategy you use when you feel the markets will not rise or fall below a predetermined level within the upcoming week. Approx 9 out of 10 times markets remain range bound and the other single time it breaks out or breaks down. This strategy is when you have a feeling that markets will remain range bound and will not break out or break down. We will be using Sensibull to analyze each of the strategies. If you have a zerodha demat account — their strategy builder tool is 100% free. We have created a short iron condor by placing a 4 legged option strategy. We have used the Nifty50 index that has a weekly expiry on 03 Aug 2023. The split up of the legs are · Buy 19350 PE for 13.65 · Sell 19500 PE for 37 · Sell 19800 CE for 39 · Buy 19950 CE for 13 Today is 28th July Friday and we have 4 more days to expiry ie. Monday 31st Jul, Tuesday 1st Aug, Wednesday 2nd Aug and Thursday 3rd Aug. The maximum profit you can get out of this trade is Rs2468 and the max loss is Rs5033. When you hold this trade till expiry, you can be 100% sure that your losses will never exceed Rs5033 — that is the first guarantee you can count on for fixed loss strategies. You will benefit if Nifty50 ends between 19451 and 19849 on 03 Aug 2023. Current price of Nifty50 is 19646. Which means we have 19646–19451 = 195pts protection downside and 19849–19646 = 203pts protection upside. To take this trade the capital required is Rs47194 which can be funded via cash in ledger or pledging Gsecs or GOI bonds. Mutual funds, stocks and ETF could be pledged as well, but brokers require 50% of all funds to come from cash or cash equivalent holdings. Firefighting Strategies on Iron Condor This is where the topic gets interesting. You are already aware by now that the max loss you need to defend is Rs5033 over the next 4 days but most importantly on 03 Aug expiry day. When to Fire fight? Firefighting is really required only if Nifty falls below 19451 or surge pasts 19849. Even if daily swings of this magnitude happens, its quite common for Nifty50 to revert to mean. So our firefighting strategies can be deployed for a short duration of few minutes or intraday. All the firefighting strategies has to deployed on EXPIRY DAY only i.e. every Thursday. I do not suggest or recommend to do it on any other day as the risks of not closing a fire-fighting trade may cause your capital to get wiped out. High Risk Firefighting The firefighting strategies require naked option buying or selling so its best recommended that you do it after studying the risks associated. Most importantly these tactics has to be done within the day and should not be taken overnight which may otherwise wipe out your capital. Most importantly these tactics has to be done within the day and should not be taken overnight which may otherwise wipe out your capital. I have intentionally repeated that sentence with bold so that it gets your undivided attention. How to Firefight? There are only 2 loss making possibilities here 1. Nifty50 is above our upper breakeven of 19849 2. Nifty50 is below our lower breakeven of 19451 Let us assume that Nifty is trading at 19400 now which means it is below our lower breakeven as per (2). From here Nifty50 has only 3 possibilities on 03 Aug Expiry Day a) Stays below 19451 b) Climbs back above 19451 but not cross 19849 c) Goes above 19849 Conditions (a) & © is unfavorable for us, whereas condition (b) is an ideal case for us. If condition (a) i.e. Nifty Stays below 19451 happens we have the freedom to sell CALL options above 20000 all the way till 21500 intraday. Image below shows the option chain of Nifty50 and the strikes highlighted in red are CALL options above 20000. If we select to short sell any of these strikes — there are only 2 possibilities that could happen 1. Nifty will scale back up the lower breakeven of 19459 — then these CALL options will appreciate in value and we will incur a loss if we hang on. The idea is that we got Nifty50 back above our lower breakeven so that it profits us — so it makes sense to exit the firefighting position. 2. Nifty closes below 19459 which means the CALL options we sold becomes worthless (ie goes to 0) and we pocket all the premiums paid Reiterating again that the firefighting has to be done only on expiry day where you have 100% visibility that the OTM CALL options are going to zero. On any day Nifty50 could make even a 0.5% move and drive up the options premium so high that you end up losing more. Similarly if Nifty50 is above 19849 we need to short sell PUTS below 19300 and grab those premiums to offset the max loss of Rs5033. How much premiums you should grab? The idea here is not to use the option selling strategy for income rather to cover your max loss. The max profits you can target should match the max losses you will hit in the original strategy. Also do not be adamant that you need to recover 100% of the losses, even if you are able to reclaim only 50% — it’s still a WIN. When to Exit the Short Selling Position? As soon as Nifty is back in the favorable range, we should prioritize exiting the short selling position as the fire is doused. If you hang on to the short selling position anymore — you may get barbequed/incinerated.
NSE:NIFTYEducation
by viswaram
BankniftyBANKNIFTY 30JUN2022 32500PE (Sell) =82.4 BANKNIFTY 30JUN2022 34500CE (sell) =93.15 BANKNIFTY 30JUN2022 33000CE (buy) =817.35 BANKNIFTY 30JUN2022 34000PE(buy)=582.7 max profit in this trade=6888 max loss in this trade=5613 Breakevens 32776.0-34224.0 days left for expiry 4 amount required to trade this strategy 68,817.44/-(calculated from Icici direct brocker account) ensure all trades are executed otherwise loss may be unlimited. Probablity of profit=49% Risk to reward =1:1.2
NSE:BANKNIFTY1!Long
by VipinSharma
BN Iron CondorFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound. A CE option mentioned below is a European Call Option, while a PE option is a European Put. A hedger always buys these options and a speculator mostly sells one. But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short straddle. In combination with this, if we buy much farther CE and PE, the short straddle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle. The spread between buy and sell leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread. Please leave a comment if you need further clarification on the following trade --------------------------------------------------------------------------------------------------------- Buy 35600PE, Sell 36200PE Buy 38600CE, Sell 38000CE The history of trades of this trade model is in the following link: docs.google.com My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own. Please leave a like if you like the trade ideas :)
NSE:BANKNIFTY
by muhd_nihal
3
BN Iron CondorFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound. A CE option mentioned below is a European Call Option, while a PE option is a European Put. A hedger always buys these options and a speculator mostly sells one. But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short straddle. In combination with this, if we buy much farther CE and PE, the short straddle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle. The spread between buy and call leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread. Please leave a comment if you need further clarification on the following trade --------------------------------------------------------------------------------------------------------- Sell 35000PE, Buy 34400PE Sell 36700CE, Buy 37300CE The history of trades of this trade model is in the following link: docs.google.com My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own. Please leave a like if you like the trade ideas :)
NSE:BANKNIFTY
by muhd_nihal
2
BN Iron CondorFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound. A CE option mentioned below is a European Call Option, while a PE option is a European Put. A hedger always buys these options and a speculator mostly sells one. But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short straddle. In combination with this, if we buy much farther CE and PE, the short straddle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle. The spread between buy and call leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread. Please leave a comment if you need further clarification on the following trade --------------------------------------------------------------------------------------------------------- Sell 33900PE, Buy 33600PE Sell 36600CE, Buy 37200CE The history of trades of this trade model is in the following link: docs.google.com My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own. Please leave a like if you like the trade ideas :)
NSE:BANKNIFTY
by muhd_nihal
8
Nifty View with Possible Expiry StrategyNifty formed a bearish flag on hourly timeframe Case 1 : If it opens flat, bearish flag Breaks down, then price may test support @ 15150 / 15000 Case 2 : If gaps down, and recovers in 1st 15 min candle, giving a false breakdown of any of the mentioned support, then may go long. (shorting OTM puts is a good option / Bull Put Spread) Special mention : Max Put Writers @ 15000, Max Call Writers @ 15500 Expiry Strategy which I am preferring : Short Iron Condor 14900-PE Buy 15050-PE Sell 15250-CE Sell 15400-CE Buy Projected Profit : 4455 (7.6% ROI) Capital Required approx : 58000 Breakeven points : below 14990 and above 15310
NSE:NIFTY
by NeelamN
3