The NIFTY expiry-day straddle with a 30% stop: busy, popular, and not clearly better than luck
Selling the NIFTY at-the-money straddle at 9:20 am on every weekly expiry, with a 30% stop on the pair, made a small profit over five years after costs, about 6.6% a year on capital. But it lost on six trades in ten, the result is not distinguishable from luck, and 2022 and 2023 made almost nothing.
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