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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

NeutralNet CreditRisk: UnlimitedReward: Limited (total premium received)

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

Midcap Nifty · Live Spot

14,381.55

ATM Strike:14,400
Lot Size:50

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

14,26314,537Spot 14,3821590-70213,63315,168

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

Strategy Legs

#TypeSideStrikePremiumQty
1CEsell14,45047.621
2PEsell14,35048.901

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.