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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

56,606.55

ATM Strike:56,600
Lot Size:15

Max Profit

Unlimited

₹40,754 / lot

Max Loss

₹108.05

₹1,621 / lot

Net Premium

₹-108.05

₹1,621 / lot

Breakeven

56,392 / 56,808

Risk / Reward

1 : 0.04

Live Payoff Diagram

56,39256,808Spot 56,6072,9990-39153,67559,525

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

Strategy Legs

#TypeSideStrikePremiumQty
1CEbuy56,70049.171
2PEbuy56,50049.061

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.