20 years of option trading wisdom in 50 minutes | ft Raghav malik and Praful Kulkarni

In this episode of Breakfast with Traders, Praful Kulkarni interviews Raghav Malik, founder of AlgoTest, about systematic options trading. Raghav shares lessons from trading volatility during the 2008 financial crisis, explains the concept of volatility risk premium, and breaks down why backtesting can fail during regime shifts. He debunks the myth of "risk-free" options selling, explains implied vs realized volatility, and emphasizes the importance of understanding the "language of options" before trading. Timestamps: 0:00 - Highlights and Introduction 3:42 - Trading During 2008 Financial Crisis & Lessons Learned 9:18 - Two Ways to Make Money: Inefficiency vs Risk Premium 13:52 - Why Backtesting Failed in 2008 & Regime Shifts 22:08 - Risk Management for Retail Options Traders 25:13 - Common Misconception: Theta Decay vs Volatility Crush 29:33 - Implied Volatility vs Realized Volatility Explained 31:57 - The "Risk-Free" Options Selling Myth 34:15 - Negative Skew Strategies & Tail Risk 40:02 - 9:20 Strategy Breakdown 42:06 - Building Strategies: From Market Observation to Backtesting 46:43 - Avoiding Curve Fitting: Idea-First Approach About Groww Groww is India’s Best Investment App and the Largest Stock Broker. Find us here: Android app: https://app.groww.in/v3cO/f9o4prne iOS app - https://app.groww.in/v3cO/tu0yrc3e Website - https://groww.in/ Twitter Handle -   / tradewithgroww_   Instagram Handle -   / tradingwithgroww   For educational videos on trading, please subscribe to the Trading with Groww channel: https://openinapp.co/youtube/trading-... We also have a Kannada, Tamil, Telugu, Malayalam, and a Mutual fund channel 🔔 Groww Kannada - https://bit.ly/3ekyeKP 🔔 Groww Tamil - https://bit.ly/3cbhN3Z 🔔 Groww Telugu - https://bit.ly/39aLpwC 🔔 Groww Malayalam https://bit.ly/3enG2LV 🔔 Mutual Funds at Groww - https://bit.ly/3zQpR32 🔔 Groww Marathi link -    / @groww.marathi   🔔 Ipo review by Groww -    / @iporeviewbygroww   Useful Links: Follow us on: Facebook:   / growwapp   Twitter:   / _groww   Instagram:   / groww_official   LinkedIn:   / groww.in   Telegram: https://t.me/GrowwHQ Disclaimer: Groww does not advise on individual stocks and firmly believes that viewers should do their own research before investing. Also, our viewers should keep in mind that trading in securities and derivatives can be risky and most people may end up losing money in such trades. While we would love to educate you about trading, we don't promote or recommend engaging in such high-risk products. Research Analyst disclaimer: https://groww.in/p/sebi-research-anal... Date: 12/12/2025 If you have any concerns with respect to Groww, please feel free to write to us at [email protected] or you can call us at +91 9108800000. #breakfastwithtraders #tradingstrategies #stockmarketinvesting #optiontrading #wallstreettradingsecrets #howtobuildatradingstrategy #tradingforbeginnersfullcourse #optionsforbeginners #tradingmindset #swingtrading #priceaction #smartmoney #institutionaltrading #tradingsetup