Directional signal only — no historical OI/PCR/VIX (unavailable via Kite), no slippage/costs modeled, index-level P&L not option premium.

Same-bar target+SL overlap conservatively assumes stop-loss hit first. Educational purposes only — not investment advice.

Tier 2 simulates premium via Black-Scholes with historical India VIX as an IV proxy (not real per-strike IV/skew) and assumes expiry is always the next Tuesday (no holiday calendar) — it validates internal pricing consistency, not real historical fills.