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Long Strangle — Live Payoff & Greeks

Live Long Strangle options strategy on Bank Nifty with real-time payoff diagram, breakevens, risk-reward and leg details.

Long Strangle

NeutralNet DebitRisk: Limited (total premium paid)Reward: Unlimited

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

Bank Nifty · Live Spot

54,055.35

ATM Strike:54,100
Lot Size:15

Max Profit

₹2,592.03

₹38,880 / lot

Max Loss

₹107.97

₹1,620 / lot

Net Premium

₹-107.97

₹1,620 / lot

Breakeven

53,892 / 54,308

Risk / Reward

1 : 0.04

Live Payoff Diagram

53,89254,308Spot 54,0552,8620-37851,30056,900

Chart uses live option chain premiums. Vertical indigo line = current spot; dashed amber lines = breakeven points.

Strategy Legs

#TypeSideStrikePremiumQty
1CEbuy54,20048.661
2PEbuy54,00049.491

About This Strategy

This Long Strangle is built around the live ATM strike of Bank Nifty. Premiums reflect current NSE option chain LTPs. Use this as an educational 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.