Tips don't build skill
Telegram calls and 'sure-shot' screenshots tell you what to buy, never why. When they stop working, you're back to zero.
Your instructor
Utkarsh Bhargava
Instructor, ProjectOptions Algo Trading Masterclass
SEBI RA · INH000021225 (Project Options)
Featured in The Economic Times · Official Mentor, AI Algorithmic Trading programme
ProjectOptions • Algo Trading Masterclass
Learn to build your own trading algos.
Live, from a SEBI Registered Research Analyst.
15 hours of live learning with Utkarsh Bhargava across 3 days — how to design, backtest and automate options strategies, and the risk rules that keep capital safe. Just 10–20 learners per batch, so every question gets answered.
Learn from absolute basics and walk away with the internal logic + strategy files of 5+ strategies — Nifty 0 DTE, 10 DTE, 15 DTE, Bent IC & more.
Fully live: real strategies built on screen, real backtests read line by line — not pre-recorded videos.
- 2,000 AlgoTest credits
- Lifetime Discord community
- Monthly live Q&A
- 5+ strategies with internal logic*
*Strategy files and internal logic are shared for every vault strategy. NIFTY ASTRA stays free for everyone via IIFL and is kept separate from the masterclass vault.
₹39,999
One-time programme fee
20 seats · November 2026 batchone selected weekend each month10–20 learners per batch, answered by name
Secure, encrypted checkout via Razorpay · UPI, cards & netbanking
✓ Live Q&A ✓ 2,000 AlgoTest credits ✓ Lifetime Discord
One-time programme fee. No recurring ProjectOptions fee for the listed included access.
Platform subscriptions, additional credits, brokerage, market data and other third-party charges are separate unless explicitly included.
Your algo learning toolkit
Understand the rules
Know what a strategy actually does.
Test with context
Read results against assumptions and costs.
Plan for risk
Decide what you do when a setup misbehaves.
Keep asking questions
Carry the next doubt into a live discussion.
Illustrative learning workflow — not a performance projection.
Taught by a registered professional, not an anonymous handle
SEBI Registered RA
INH000021225
Featured in
The Economic Times
Publicly verified P&L
2 Years+ of contract notes
15 hours, fully live
3 days · small batch
Every trade behind that record is in the downloadable IIFL contract notes.
The honest truth
You don't need another tip.
You need a process.
Emotion breaks good plans
Most manual traders know their rules. They just don't follow them at 2:45 PM with a position bleeding red.
Backtests can lie politely
Ignore slippage, costs or overfitting and a beautiful equity curve can fall apart the first week it runs live.
That's why this masterclass teaches you to design, test and automate rule-based strategies yourself — and to understand the risk before a single rupee goes live.
- Learn the process
- 5+ strategies with internal logic
- Inspect open files
- Start with 2,000 credits
- Stay connected
From scattered information to a clearer process
Give every part of your algo journey a purpose.
A strategy name, a backtest report and an execution platform each answer different questions. The useful part is understanding how they fit together: the rules you are testing, the assumptions behind the results and the risks you still need to manage.
Understand what you are running
Move beyond the strategy label. Focus on rules, assumptions and the decisions built into the setup.
Read results with context
Look beyond a headline return. Consider drawdowns, costs, market conditions and the limitations of historical tests.
Keep learning after the lesson
Use the included community and monthly Q&A to bring your next set of questions.
These describe the educational focus of the programme, not guaranteed student outcomes.
How the masterclass works
From confused to confident, in three steps.
Understand
Learn how options algos actually work
Option chains, Greeks, premium decay and the logic behind rule-based entries and exits — explained live, from first principles.
- Options & Greeks
- Strategy logic
- Market structure
Build & test
Build strategies and test them honestly
Construct strategies on AlgoTest, read a backtest the right way and learn to spot overfitting, hidden costs and unrealistic fills.
- AlgoTest hands-on
- Reading backtests
- Costs & slippage
Deploy
Go live with rules, not reactions
Connect a broker, set position sizes and stop-losses, and run your strategy with a clear plan for when to step in — and when not to.
- Broker connection
- Position sizing
- Kill-switch discipline
From raw market data to a rule-based trade.
This is the exact flow you'll learn to build in the masterclass. Every input becomes a rule, every rule passes risk checks, and only then does an order reach your broker.
Option chain
Strikes · Greeks
Price data
Spot · Futures
Volatility
IV · VIX
Time rules
Entry · Exit
Your capital
Size · Margin
Your strategy
ALGOTEST ENGINE
Rules you design, executed automatically
6 risk checks
Max loss per trade
Stop-loss
Re-entry rules
Position size
Daily loss cap
Your custom rules
Order to broker
Only trades that clear every rule are placed.
15 hrs
live, hands-on teaching
3 days
one weekend each month
2,000
AlgoTest credits to practise
Lifetime
Discord community access
Illustrative learning flow — not a description of a ProjectOptions trading service.
Live in the masterclass
We build it in front of you, not in slides.
Most courses show finished screenshots. Here, Utkarsh opens AlgoTest live, builds strategies step by step and walks through the backtest — the good months, the bad months and the drawdowns.
- ✓Live screen-share, every session
- ✓Strategies built from a blank sheet
- ✓Drawdowns and losing phases discussed openly
- ✓Q&A on any strategy, any doubt
Masterclass · AgendaLIVE
- Evidence, expectations & risk rulesDay 1
- Option chain, Greeks & payoff graphsDay 1
- Spreads, condors & ratio structuresDay 2
- No-code builds on AlgoTestDay 2
- Backtests: drawdown, costs, slippageDay 2
- 4 guided strategy workshopsDay 3
- Capital plan & portfolio reviewDay 3
Total15 live hours
Indicative agenda · final schedule shared before the batch
The full curriculum
15 live hours, block by block.
Every 45-minute teaching block is followed by 10 minutes of live Q&A. Zero coding required — concepts first, then the platform workflow.
5 blocks a day45 min teach + 10 min Q&A2 short breaks5 hrs per day
Options, risk and payoff thinking
Start with the evidence
Instructor introduction, P&L walkthrough and contract notes.
Trading as a process
Trading versus gambling, common myths and realistic expectations.
Understand the boundaries
What options can and cannot do for a trader.
Set personal risk rules
Define loss limits, decision rules and when to stop.
You'll leave with
A written set of personal risk rules.
Live Q&A · 10 min
"What should I check before trusting a trading claim?"
You walk away with
Personal risk rules
You walk away with
A written strategy thesis
You walk away with
A test-review checklist
Risk first · always
In trading, your defence is your offence.
We don't start with "how much can I make". We start with how much can I lose — because one unmanaged trade can undo a great year. A large part of the masterclass is about protecting capital.
Downside first
Know the worst case before the trade goes live
- ✓ Hedged structures
- ✓ Auto stop-loss
- ✓ Sizing rules
- ✓ Kill switch
Hedging, by design
How defined-risk structures put a floor under losses — so the worst case is known before the trade is placed.
Defined-risk structuresStop-losses that execute
Setting automated, rule-based exits on AlgoTest so a bad day stays a bad day, not a wiped-out account.
Automated exitsPosition & capital sizing
How much to deploy per strategy, how margin really works, and why sizing matters more than entries.
Capital disciplineKnowing when to step in
Monitoring, the kill switch, and the difference between managing risk and overriding your own system.
Live monitoringRisk tools reduce, but never eliminate, the possibility of loss. SEBI RA · INH000021225 (Project Options).
The complete programme package
More than lessons. A practical set of resources to learn with.
Learning makes more sense when you can connect ideas to tools, strategy rules and ongoing discussion.
15-hour live masterclass
Learn a structured approach to strategy rules, testing assumptions and execution risk across 3 days, with 10–20 learners per batch mentored.
one selected weekend each month
2,000 AlgoTest credits
One initial allocation of 2,000 credits is included with the programme.
Use is subject to the applicable AlgoTest plan and credit-allocation terms. Additional platform usage and credits may cost extra.
One allocation, not a monthly top-up
Lifetime Discord community access
Stay connected to the programme's Discord community beyond the masterclass.
A place for ongoing learning and discussion, not a promise of individual trade advice.
Included with the programme
Monthly live Q&A
Bring your questions to a recurring live discussion and keep working through the concepts.
Session schedules and participation details are provided through the programme.
Recurring discussion
Included strategy access
Get the internal logic of 5+ strategies — Nifty 0 DTE, 10 DTE, 15 DTE, Bent IC and members-only builds.
Review the confirmed strategy list and access terms before enrolment.
Part of the programme
Open strategy files
Inspect the included strategy files so the rules are available to study, rather than hidden behind a name.
File format, permitted use and access conditions are specified in the programme terms.
Nifty Astra excluded
Learn the reasoning. Explore the rules. Keep asking better questions.
Small batch. Live learning. Space for questions.
15 live hours3-day masterclass10–20 learners
Understand the workflow, not just the button to click.
15 hours across 3 days on one selected weekend each month. Each batch is limited to 10–20 learners for a focused mentored experience.
Define
Start with clear rules and assumptions.
Backtest
Study historical behaviour, costs and drawdowns.
Validate
Question robustness and the limits of the test.
Practise
Understand paper testing and operational checks.
Monitor
Plan for execution errors, changing conditions and risk controls.
This illustrates an educational workflow, not a recommendation to deploy any strategy or a guarantee of live performance.
The members' strategy vault
5+ strategies. Full internal logic. Strategy files included.
Not black boxes. Every strategy in the vault comes with its internal logic and its strategy file — so you understand why each rule exists and use it as a blueprint for building your own systems.
NIFTY ASTRA stays free for everyone via IIFL. The masterclass is for those who want to go beyond.
Expiry-day
Nifty 0 DTE
Same-day expiry structure
Internal logicStrategy file
Positional
Nifty 10 DTE
Ten days to expiry
Internal logicStrategy file
Positional
Nifty 15 DTE
Fifteen days to expiry
Internal logicStrategy file
Iron condor
Nifty Bent IC
Skewed iron-condor build
Internal logicStrategy file
& more
Members-only builds
Made specifically for masterclass members
Internal logicStrategy file
Nifty Astra · performance-analysis reference only
See the numbers at your capital.
This AlgoTest backtest of NIFTY ASTRA since February 2019 is provided only as a performance-analysis reference, scaled to the capital you choose. It is not a strategy taught in this course; its logic is not disclosed.
How the backtest was run
Quantity per set3 lots· Nifty, the report's defaultSlippage taken0.5%· applied on every tradeBrokerage taken₹10 / order· plus taxes, both deducted
Capital you want to test
₹6,82,840
2 sets × ₹3,41,420 margin per set
1 set15 sets
Sets deployed2
Lots in Nifty6 lots
Margin used₹6,82,840
Margin per set₹3,41,420
One set = 3 lots of Nifty, the report's default quantity. The strategy runs in whole sets, so results move in steps of one set. Every figure is the AlgoTest one-set result × 2, net of 0.5% slippage, ₹10 brokerage per order and taxes. Have a round amount in mind? ₹10L runs 2 sets; ₹20L runs 5 sets — the rest stays as buffer.
₹33.34L
Total backtested P&L
₹4.32L
Average per year
−₹77.2k
Worst drawdown
11.3% of margin
75.31%
Win rate (trades)
’19’20’21’22’23’24’25’26
Profit curveDrawdown from peak
Month-by-month P&L
Net of 0.5% slippage, brokerage & taxes| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | Max DD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | −11.0k | 15.2k | 45.5k | −6.8k | 21.6k | 17.3k | 778 | 99.7k | 63.4k | 36.9k | 57.9k | 3.40L | −38.8k |
| 2020 | 21.3k | 69.2k | 1.07L | 38.0k | 90.2k | 25.9k | 1.10L | 29.9k | 69.7k | 17.1k | 32.2k | 1.08L | 7.18L | −18.0k |
| 2021 | 43.8k | 43.7k | 81.6k | 85.8k | 68.5k | 41.8k | 76.6k | 56.3k | 54.6k | 69.6k | 27.2k | 20.1k | 6.70L | −31.4k |
| 2022 | 11.3k | 40.6k | 74.0k | 23.8k | 37.8k | 46.3k | 24.0k | 69.8k | 23.6k | −13.2k | 41.4k | 19.5k | 3.99L | −36.8k |
| 2023 | 29.5k | −5.5k | 34.3k | 29.2k | 45.1k | 23.7k | 22.5k | 16.9k | −1.3k | 34.8k | −61.7k | 39.9k | 2.07L | −76.5k |
| 2024 | 24.4k | 47.2k | 11.8k | 17.1k | 38.7k | 53.5k | 33.8k | 15.2k | −19.4k | 74.2k | 50.5k | 38.6k | 3.85L | −41.4k |
| 2025 | −11.5k | 34.5k | 56.3k | −40.0k | 75.5k | 27.9k | 38.5k | 26.9k | 33.4k | 40.0k | 56.7k | 26.5k | 3.65L | −46.9k |
| 2026 | −5.0k | 32.4k | −8.1k | 51.7k | 29.6k | 60.8k | 32.8k | 33.0k | 22.8k | −280 | — | — | 2.50L | −29.2k |
81 green months12 red monthsScroll sideways for all months
Detailed backtest metrics⌄
- Trades
- 1,766
- Average winning trade
- ₹4,828
- Average losing trade
- ₹-7,080
- Best single trade
- ₹33,816
- Worst single trade
- ₹-55,141
- Max drawdown window
- 01 Nov 2023 – 15 Nov 2023
- Return / max drawdown
- 5.59
- Reward : risk
- 0.68
- Expectancy ratio
- 0.27
- Longest win streak
- 24 trades
- Longest losing streak
- 4 trades
- Max days in drawdown
- 34 days
Backtested results on historical data (12 Feb 2019 – 31 Oct 2026, AlgoTest backtest report). Every figure assumes 3 lots of Nifty per set, 0.5% slippage and ₹10 brokerage per order, with taxes deducted. These simulations were not executed in the live market and do not guarantee future results — live results can still differ due to liquidity and execution. Trading involves risk, including loss of capital.
Interested in Nifty Astra?
NIFTY ASTRA is separate from this programme and its logic is not taught. Masterclass enrolment is not required for its access. An optional IIFL-linked access route may be available, subject to eligibility and the applicable terms.
ProjectOptions earns a brokerage-based share from IIFL when you trade through it. Broker, platform and other applicable charges may still apply.
Utkarsh Bhargava
SEBI RA · INH000021225 (Project Options)
Your instructor
Learn with Utkarsh Bhargava.
Utkarsh Bhargava is the instructor for the ProjectOptions Algo Trading Masterclass.
Utkarsh Bhargava
Instructor, ProjectOptions Algo Trading Masterclass
SEBI RA · INH000021225 (Project Options)
Featured in The Economic Times · Official Mentor, AI Algorithmic Trading programme
Is this for you?
Built for traders who want clarity, not shortcuts.
This is a serious, small-batch programme. It's a great fit for some people and honestly wrong for others. Here's the line.
This is for you if…
- Understand strategy rules more clearly.
- Develop a more structured testing process.
- Connect learning with included tools and strategy files.
- Keep learning through a community and monthly Q&A.
Skip this if you expect…
- Guaranteed returns or a fixed monthly income.
- A strategy that never loses.
- Someone to make every trading decision for you.
- All future broker and platform expenses to be covered.
Still unsure? Message us on WhatsApp — we'll tell you honestly whether this batch suits where you are today.
Programme fee
One programme. A clearly defined set of inclusions.
₹39,999
One-time programme fee
- 15-hour live masterclass across 3 days
- Mentored batch of 10–20 learners
- 2,000 AlgoTest credits — one initial allocation
- Lifetime Discord community access
- Monthly live Q&A
- Included strategy access
- Open strategy files, excluding Nifty Astra
One-time programme fee. No recurring ProjectOptions fee for the listed included access.
Platform subscriptions, additional credits, brokerage, market data and other third-party charges are separate unless explicitly included.
Review the final payable amount, applicable tax and programme terms before payment.
Secure checkoutPowered by Razorpay
Enrol now
₹39,999one-time
15 live hours across 3 days
Enrolments openMonthly batch
20seats
November 2026 batch
Live over one weekend · 20 learners max
- Only 10–20 per batch
- One selected weekend each month
- Answered by name in live Q&A
- Built for systems, not tips
Learn to build your own systems using other strategies. NIFTY ASTRA stays free for everyone via IIFL and is kept separate from the masterclass vault.
Tap to enrol securely
- 256-bit SSL encrypted
- PCI-DSS compliant gateway
- UPI · Cards · Netbanking
- Instant payment receipt
Payments are processed by Razorpay, an RBI-authorised payment aggregator. ProjectOptions never sees or stores your card or bank details. Questions before paying? Message us on WhatsApp.
The value is in how the pieces work together.
This programme brings learning, included strategy access, open files, an initial credit allocation, community access and monthly Q&A into one defined offer. Compare those inclusions and their terms with what you actually need.
FAQs
Answers before you ask.
The method is ready. The batch is small.
Your move.
₹39,999 one-time programme fee · 15 live hours · 10–20 learners per batch
“This programme isn't for everyone. It's for people who want a system, not tips.”
256-bit encrypted checkout · Powered by Razorpay
20 seats · November 2026 batch
Strategy files and internal logic are shared for every vault strategy. NIFTY ASTRA stays free for everyone via IIFL and is kept separate from the masterclass vault. Platform subscriptions, additional credits, brokerage, market data and other third-party charges are separate unless explicitly included.