Options strategy builder

Option chain

Choose NIFTY or BANKNIFTY and an expiry. Each strike shows calls on the left and puts on the right with OI, IV, delta and the live price. In-the-money strikes are shaded and the at-the-money strike is highlighted. The header shows spot, ATM, PCR and max pain.

Build a strategy

• Pick a template — long/short straddle, short strangle, iron condor, iron butterfly, bull call spread or bear put spread — or
• hover a price in the chain and press B or S to add a leg.

Change each leg's side, strike, call/put and lots in the leg table.

Read the analysis

• Net credit / debit — premium received or paid.
• Max profit / max loss — shown as Unlimited when uncapped.
• Breakevens and probability of profit at expiry.
• Delta, theta, vega for the whole position.
• Payoff chart — solid line at expiry, dashed line today; hover for values or switch to the table view.

Deploy with hedges first

Tick the accounts and press Deploy. In every account the buy legs are placed first and must fill before any sell leg is sent. If a hedge fails, the sell legs are skipped and the reason is shown, so no account is left with a naked short.

Tick Fit to margin to check each account's broker margin for the whole basket first; the broker counts the hedge benefit. All legs are then scaled down together, in whole lots, to what fits. The ratio between legs stays exact, for example 2 : 4 lots becomes 1 : 2. An account where even the smallest whole-lot version does not fit is skipped.