{"id":217140,"date":"2026-08-24T15:00:07","date_gmt":"2026-08-24T09:30:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=217140"},"modified":"2026-08-24T15:00:08","modified_gmt":"2026-08-24T09:30:08","slug":"iron-condor-strategy-nifty-next-50","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/iron-condor-strategy-nifty-next-50\/","title":{"rendered":"Iron Condor Strategy Nifty Next 50: Setup, Payoff and Risk Guide"},"content":{"rendered":"
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Nifty Next 50 level used in this article: Rs 73,863 (as of 24 Aug 2026). Next monthly (last Tuesday of the month) expiry: 25 August 2026 (Tuesday). Lot size 25. Weekly options on Nifty Next 50 were discontinued in November 2024 under SEBI’s one weekly index per exchange rule; only monthly contracts remain.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The iron condor strategy Nifty Next 50 traders use is a four leg neutral options trade: sell an out of the money call and put while buying further out of the money contracts on each side to cap the maximum loss. With Nifty Next 50 at Rs 73,863 (24 Aug 2026), the trade collects a net credit at entry and may generate profit if Nifty Next 50 closes between the two short strikes at the monthly expiry. The maximum loss is capped at the spread width minus the net credit; the maximum profit is the net credit itself. The iron condor strategy Nifty Next 50 may be considered when implied volatility is moderate and no major events are expected around the monthly expiry, but is not suited to every market condition.<\/p>\n<\/div>\n

The iron condor strategy Nifty Next 50 options traders deploy differs from a similar setup on Nifty 50 in one key respect: Nifty Next 50 has monthly expiry only. Weekly contracts on Nifty Next 50 were discontinued in November 2024 after SEBI restricted each exchange to a single weekly expiry index, and NSE retained that slot for Nifty 50. This means the this strategy traders build has a longer time horizon than a Nifty 50 weekly iron condor, which changes both the premium available and the monitoring cadence required.<\/p>\n

What makes the iron condor strategy Nifty Next 50 structurally distinct from a naked short options trade is the defined risk profile. The four leg setup fixes both the maximum profit and the maximum loss at entry, so a trader knows the best case and worst case before placing any order. This does not eliminate risk, but it does make position sizing more deterministic than unlimited risk alternatives such as a short strangle.<\/p>\n

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