Batman Strategy With No Adjustment on Nifty (Hindi) | Theta Gainers
Автор: Theta Gainers
Загружено: 2026-11-05
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Batman Strategy With No Adjustment on Nifty (Hindi) | Theta Gainers
A Nifty option selling strategy built once and left alone: no adjustment, no chart-watching. Batman = a 1:2 ratio spread on both the put and the call side (double ratio spread): 40–50 DTE, 16/20 delta rule, centre ~4% of margin, SL = the same rupee number. Built live, then replayed month by month in the free Algorooms simulator, gap-down stop-out included.
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━━━━━━━━━━━━ CHAPTERS ━━━━━━━━━━━━
0:00 Batman = double ratio spread
1:46 Payoff logic: centre beyond 1 SD
3:46 No-adjustment rules & 40–50 DTE
5:32 ⭐ Live build: 16/20 delta rule
9:29 ⭐ TP = centre, SL = same number
10:35 Simulator: November run
13:40 ⭐ Gap-down stop-out, more months
18:34 Homework, Traders Club, outro
BATMAN STRATEGY – RULES
• Ratio spread = unequal quantities (1:2, 1:3, 2:3…), e.g. buy 1 lot, sell 2. Batman = ratio spreads on BOTH put and call side: flat centre + two "wing" triangles
• Rule 1 – DTE 40–50 days, never under 40 (create mid-month for next month-end expiry)
• Rule 2 – per side: sell 2 lots at ~16 delta, buy 1 lot at ~20 delta
• Rule 3 – centre ~4% of margin at expiry (3–4% band): low → pull one sold leg per side closer; high → push call legs out; move sold strike + hedge together, sides symmetric, ~1.5 sigma out (beyond 1 SD, checked against 2 sigma)
• Entry check: POP 80%+ (demo ~90%), breakevens ~7% each side (30-day view), delta neutral, vega strongly negative (~-36 in the demo) – money management replaces adjustment
• Rule 4 – TP = the centre rupee number (the ~4%-of-margin sizing); SL = the SAME number as a loss, at any time (volatility, T+0, gap) → close at once. No TP timeline: exit at the end or at SL
• Rule 5 – no adjustment, no chart-watching: watch only premiums / P&L vs the SL number
• Rule 6 – gap losses cannot be avoided: book the SL, forget the last loss, take the next trade per process
• Rule 7 – why no adjustment: the range is huge; he argues a wing-sized move repeating month after month is unusual, not impossible
• Homework: backtest 2 years in the simulator and comment. Advanced adjustable version coming. Also works weekly / expiry day
CONCEPTS
• Ratio spread: unequal buy/sell quantities; the extra short lot is naked beyond the wing
• Batman payoff: flat centre + two "wing" triangles peaking at the sold strike
• Sigma = expected move band; POP = probability of profit; negative vega = vol spike hurts
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QUESTIONS ANSWERED IN THIS VIDEO
• What is the Batman strategy in options?
• What is a ratio spread / double ratio spread?
• Best no-adjustment option selling strategy for beginners?
• How to set TP and SL in a ratio spread?
⚠️ DISCLAIMER: Educational only, not investment advice. Options/derivatives carry high risk; capital can be lost. Ratio spreads have NAKED short legs with large / unlimited risk beyond the wings – size accordingly. Simulator/backtest results are hypothetical; past results are no promise of future outcomes and POP is not a certainty. Consult a SEBI-registered advisor. Broker/exchange/platform links are affiliate/referral links. Crypto products and NFTs are unregulated and can be highly risky; 30% tax + 1% TDS applies in India.
#OptionSelling #BatmanStrategy #RatioSpread #Nifty #OptionsTrading #OptionTrading #ThetaGainers #Hindi
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