Short Strangle — Live Payoff & Greeks
Live Short Strangle options strategy on Midcap Nifty with real-time payoff diagram, breakevens, risk-reward and leg details.
Short Strangle
Sell OTM Call + OTM Put. Wider profit zone than short straddle.
Midcap Nifty · Live Spot
14,381.55
Switch Underlying Symbol
Max Profit
₹86.87
₹4,344 / lot
Max Loss
Unlimited
₹31,532 / lot
Net Premium
₹86.87
₹4,344 / lot
Breakeven
14,263 / 14,537
Risk / Reward
1 : 7.26
Live Payoff Diagram
Chart uses live option chain premiums. Vertical indigo line = current spot; dashed amber lines = breakeven points.
Strategy Legs
| # | Type | Side | Strike | Premium | Qty |
|---|---|---|---|---|---|
| 1 | CE | sell | 14,450 | ₹47.62 | 1 |
| 2 | PE | sell | 14,350 | ₹48.90 | 1 |
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About This Strategy
This Short Strangle is built around the live ATM strike of Midcap 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.