WealthOrbit is an AI-powered financial intelligence platform that provides real-time market data, IPO tracking with GMP, mutual fund analysis, stock screening, crypto prices, and AI-driven insights for Indian investors.

Yes, WealthOrbit offers a free plan with basic market data, a 5-stock watchlist, and 2 AI queries per day. Premium plans start at ₹199/month for advanced features.

Does WealthOrbit provide financial advice?

No. WealthOrbit provides market data and AI-generated analysis for informational and educational purposes only. It is not a SEBI-registered investment advisor and does not provide financial advice.

GMP (Grey Market Premium) is the unofficial premium at which IPO shares trade before listing. It is sourced from grey market estimates and is not a reliable indicator of listing performance.

What markets does WealthOrbit cover?

WealthOrbit covers Indian markets (NSE, BSE) including stocks, IPOs, mutual funds, and ETFs. It also provides global indices, cryptocurrency data, commodities (gold, silver, oil), and forex rates.

Is WealthOrbit's Strategy Builder free?

Yes, 100% free. You get 12+ ready-made presets plus a custom multi-leg builder with live NIFTY option chain prices — no login, no signup, no credit card. Just open the page and start building.

Do I need to log in to use the Strategy Builder?

No. The Strategy Builder is fully public — no account, no OTP, no broker link. Pick a preset or add legs manually and the payoff chart updates instantly using live NIFTY chain data.

What is the difference between preset and custom strategies?

Presets are pre-configured strategies (Bull Call Spread, Iron Condor, etc.) that auto-populate strikes based on current NIFTY spot. Custom strategies let you add up to 8 legs manually with your own strikes, premiums and lot sizes.

What are the strategy categories in WealthOrbit?

Presets are grouped into three categories: Bullish (Bull Call Spread, Bull Put Spread, Covered Call), Bearish (Bear Put Spread, Bear Call Spread, Protective Put) and Neutral (Iron Condor, Iron Butterfly, Straddles, Strangles).

How are strategies built using the live NIFTY chain?

When you select a preset, the builder reads the current NIFTY spot, picks appropriate ITM/ATM/OTM strikes from the live chain and pulls the latest premium for each leg. The payoff chart then plots profit/loss across a ±10% spot range.

How do I read a payoff chart?

The X-axis is NIFTY spot price at expiry, the Y-axis is rupee P&L per lot. Green area = profit, red area = loss. Where the curve crosses zero is your breakeven, and the flat tails show max profit or max loss.

What are breakeven points?

Breakeven points are the spot prices at which your strategy makes zero profit (P&L = 0). Single-leg strategies have one breakeven, spreads usually have one, and straddles/strangles have two (upper and lower).

How is max profit calculated?

Max profit is the highest payoff your strategy can achieve at expiry. For a Bull Call Spread it's (upper strike − lower strike − net debit) × lot size . The builder calculates this automatically and shows it on the chart.

How is max loss calculated?

Max loss is the worst-case payoff at expiry. For debit strategies it equals the net debit paid; for credit spreads it's (strike difference − net credit) × lot size . Naked short options show "unlimited" max loss.

What is risk-reward ratio in a strategy?

Risk-reward ratio = max loss ÷ max profit. A 1:2 RR means you risk ₹1 to make ₹2. The builder displays RR for every strategy so you can quickly compare trades before execution.

What is the difference between net debit and net credit strategies?

Net debit strategies cost money upfront (you pay premium) — example: Bull Call Spread. Net credit strategies receive money upfront (you collect premium) — example: Iron Condor, Bear Call Spread. Credit trades profit from time decay.

How does a Bull Call Spread work?

A Bull Call Spread = buy ATM or lower-strike Call + sell higher-strike Call. Max profit = strike difference − net debit. Use it when you expect a moderate rise in NIFTY and want to cap cost by selling the upper call.

When should I use a Bull Call Spread?

Use it when you are moderately bullish on NIFTY with a defined upside target, IV is average-to-high, and you want limited risk. It beats a naked long call in high-IV environments because the short leg reduces premium cost.

How does a Bear Put Spread work?

A Bear Put Spread = buy ATM or higher-strike Put + sell lower-strike Put. Max profit = strike difference − net debit. Use it when you expect a moderate fall in NIFTY and want a capped, cheaper alternative to a naked long put.

When should I use a Bear Put Spread?

Use it when you are moderately bearish on NIFTY, expect a drop to a specific target, and want defined risk. Works best when IV is elevated because selling the lower put reduces your net debit.

When should I use a Long Straddle?

Use a Long Straddle (buy ATM Call + buy ATM Put) before big events like Budget, RBI policy, Fed decisions or earnings when you expect a large move but are unsure of direction. Profit comes from explosive moves in either direction.

What are the risks of a Short Straddle?

Short Straddle has unlimited risk on both sides — if NIFTY gaps up or down, losses mount quickly. Use only in low-VIX, range-bound markets and always pair with strict stop-loss and position sizing rules.

What is a Long Strangle?

A Long Strangle = buy OTM Call + buy OTM Put. It's a cheaper alternative to a straddle because OTM premiums are lower, but NIFTY needs to move further for the trade to profit. Great for high-conviction big-move plays.

When is a Short Strangle useful?

Short Strangle (sell OTM Call + sell OTM Put) works best in range-bound, low-volatility markets with high IV Percentile. You collect premium from both sides and profit as long as NIFTY stays between the two strikes.

How does an Iron Condor profit?

An Iron Condor combines a Bear Call Spread + Bull Put Spread on the same expiry. It profits when NIFTY stays between the short strikes. Max profit = net credit, max loss = strike width − net credit. Best for neutral/sideways markets.

What is an Iron Butterfly?

An Iron Butterfly is a tighter version of the Iron Condor — short Call and short Put at the same ATM strike, with protective wings. Higher credit but narrower profit zone. Use when you expect very tight range-bound action.

How does a Bull Put Spread work?

A Bull Put Spread = sell higher-strike Put + buy lower-strike Put. It's a credit strategy that profits when NIFTY stays above the short put. Max loss = strike width − net credit. Use when you are mildly bullish or neutral.

How does a Bear Call Spread work?

A Bear Call Spread = sell lower-strike Call + buy higher-strike Call. It's a credit strategy that profits when NIFTY stays below the short call. Use when you are mildly bearish or neutral and want to collect premium.

What is a Covered Call?

A Covered Call = long stock/futures + sell OTM Call. Stock holders use it to generate monthly income. If the stock stays below the strike, you pocket the premium; if it rises above, your stock gets called away at the strike.

What is a Protective Put?

A Protective Put = long stock/futures + buy OTM Put. It acts as downside insurance — the put gains value if the stock crashes. Think of the premium as an insurance premium on your portfolio.

How does a Collar Strategy work?

A Collar = long stock + buy OTM Put + sell OTM Call. The short call funds the protective put, so the hedge is free or low-cost. It caps both upside and downside — perfect for protecting unrealized gains.

What is a Calendar Spread?

A Calendar Spread = sell near-expiry option + buy same-strike far-expiry option. It profits from time decay on the near leg while the far leg retains value. Ideal for low-volatility, neutral views.

What is a Diagonal Spread?

A Diagonal Spread combines different strikes and different expiries — like selling a near-week OTM call and buying a monthly ATM call. Advanced strategy that blends directional and time-decay profit.

What are ratio spreads?

Ratio spreads involve buying and selling an unequal number of options — e.g., buy 1 ATM Call and sell 2 OTM Calls. They reduce cost but introduce unlimited risk on the short side. Only for experienced traders.

How do I choose the right strategy based on my view?

Match the strategy to your view : strongly bullish → Long Call / Bull Call Spread; mildly bullish → Bull Put Spread; neutral → Iron Condor / Short Strangle; mildly bearish → Bear Call Spread; strongly bearish → Long Put / Bear Put Spread.

How does India VIX influence strategy selection?

When VIX is high (> 20), sell premium — Iron Condor, Short Strangle, credit spreads. When VIX is low (< 13), buy premium — Long Straddle, debit spreads. VIX is your primary filter between buying and selling strategies.

Does time to expiry affect strategy choice?

Yes. With less than 3 days , prefer theta-positive strategies (short straddles, iron flies). With 1–3 weeks , debit spreads and calendars work well. With monthly+ , longer-duration directional trades are cleaner.

Are strategies different for weekly vs monthly expiry?

Yes. Weekly expiry strategies emphasize theta decay and gamma (scalping, short straddles), while monthly expiry strategies handle larger directional moves and give more time for adjustment. Weeklys are riskier but faster.

Are strategies the same for NIFTY and Bank Nifty?

Structurally yes, but Bank Nifty is more volatile with higher beta. Bank Nifty straddles/strangles need wider strikes and smaller position sizing. Iron Condors on Bank Nifty often get breached more than on NIFTY.

What are the margin requirements for different strategies?

Debit strategies need only the net premium paid (no additional SPAN margin). Credit strategies like Iron Condor and Short Strangle need SPAN + exposure margin, typically ₹80k–₹1.5 lakh per lot depending on strikes and VIX.

Which strategies work for earnings plays?

Pre-earnings, Long Straddles or Long Strangles profit from big moves. Post-earnings (after IV crush), Iron Condors or Calendars capture the volatility collapse. Never sell naked options into earnings.

What strategies work on Budget day?

Budget day has massive intraday swings. Long Straddles or Strangles opened a day before can profit from the move. Short premium strategies are risky on Budget day due to gap risk and unpredictable reactions.

Which strategies suit RBI policy day?

RBI days usually see limited NIFTY moves but big Bank Nifty swings. Consider a Bank Nifty Long Straddle (buy side) or an NIFTY Short Iron Fly (sell side) depending on your VIX read and positioning.

When should I NOT use options strategies?

Avoid multi-leg strategies when you don't understand the Greeks , can't monitor positions intraday, or when liquidity is poor (far OTM stock options). Also avoid short-premium trades near major events without protection.

What are the most common strategy mistakes?

Top mistakes: (1) oversizing positions, (2) ignoring margin requirements, (3) selling naked options without hedges, (4) holding through stop-loss, and (5) not adjusting losing legs on time.

How should I size positions for options strategies?

Risk no more than 1–2% of capital per strategy. For credit trades, use max loss (not margin blocked) as the risk base. Never allocate more than 20% of capital to a single expiry or underlying.

What is rolling a strategy?

Rolling = closing the current position and reopening it at a new strike or expiry. Used to extend winning trades (roll up strikes) or defend losing trades (roll forward in time to give the view more room).

How do I adjust losing trades?

Common adjustments: roll untested side closer for more credit, add a protective leg , convert spread → condor , or simply cut losses at a predefined level. Never double down without a plan.

How do I manage Greeks per strategy?

Each strategy has a Greeks profile. The builder shows net Delta, Gamma, Theta and Vega for the combined position. Track these to understand how the trade reacts to spot, time and IV changes throughout its life.

What are delta-neutral strategies?

Delta-neutral strategies have net Delta close to 0, meaning they don't profit from direction — they profit from time decay or volatility change. Short Straddles, Iron Flies and Calendar Spreads are typical delta-neutral setups.

Options Strategy Builder — F&O Strategies with Live Payoff

Build and visualise popular options strategies — long straddle, iron condor, butterflies, ratio spreads and more — with live NSE option chain data, instant payoff diagrams, breakevens and risk/reward stats.

Symbol

Long Straddle

neutral

Buy ATM Call + ATM Put. Profit from big move in either direction.

Risk: Limited (total premium paid)Reward: Unlimited2 legs

Short Straddle

neutral

Sell ATM Call + ATM Put. Profit from low volatility / range-bound market.

Risk: UnlimitedReward: Limited (total premium received)2 legs

Long Strangle

neutral

Buy OTM Call + OTM Put. Cheaper than straddle, needs bigger move.

Risk: Limited (total premium paid)Reward: Unlimited2 legs

Short Strangle

neutral

Sell OTM Call + OTM Put. Wider profit zone than short straddle.

Risk: UnlimitedReward: Limited (total premium received)2 legs

Iron Condor

neutral

Sell OTM Call spread + OTM Put spread. Defined risk, range-bound profit.

Risk: Limited (spread width - net premium)Reward: Limited (net premium received)4 legs

Iron Butterfly

neutral

Sell ATM straddle + buy OTM wings. Defined risk, max profit at ATM.

Risk: Limited (wing width - net premium)Reward: Limited (net premium received)4 legs

Bull Call Spread

bullish

Buy ATM Call + Sell OTM Call. Limited risk bullish strategy.

Risk: Limited (net premium paid)Reward: Limited (spread width - premium paid)2 legs

Bull Put Spread

bullish

Sell ATM Put + Buy OTM Put. Credit spread, profit if price stays above.

Risk: Limited (spread width - premium received)Reward: Limited (net premium received)2 legs

Bear Call Spread

bearish

Sell ATM Call + Buy OTM Call. Credit spread, profit if price stays below.

Risk: Limited (spread width - premium received)Reward: Limited (net premium received)2 legs

Bear Put Spread

bearish

Buy ATM Put + Sell OTM Put. Limited risk bearish strategy.

Risk: Limited (net premium paid)Reward: Limited (spread width - premium paid)2 legs

Long Call Butterfly

neutral

Buy 1 ITM Call + Sell 2 ATM Calls + Buy 1 OTM Call. Max profit at ATM at expiry.

Risk: Limited (net premium paid)Reward: Limited (spread width - premium paid)3 legs

Ratio Call Spread

neutral_bullish

Buy 1 ATM Call + Sell 2 OTM Calls. Profit zone near ATM, risk if big up move.

Risk: Unlimited (above upper breakeven)Reward: Limited (spread width at favorable zone)2 legs

About These Strategies

Every strategy is built around the live ATM strike of the chosen index. Premiums use the current option chain LTPs, so payoffs reflect today's market conditions. Use this tool to understand the structure and risk profile before placing real trades.

Disclaimer: Educational use only. Options carry significant risk — always validate with your broker, factor in slippage and brokerage, and use proper position sizing.

FAQs

Options Strategies — Frequently Asked Questions

Bull Call Spread, Iron Condor, Straddle, Strangle and 12+ more options strategies explained with live payoff calculation.

58 commonly asked questions

An options strategy is a combination of one or more Call/Put legs (buy or sell) designed to profit from a specific view on direction, volatility or time decay. Examples include Bull Call Spread, Iron Condor and Long Straddle.