Long Strangle — Live Payoff & Greeks
Live Long Strangle options strategy on Fin Nifty with real-time payoff diagram, breakevens, risk-reward and leg details.
Long Strangle
Buy OTM Call + OTM Put. Cheaper than straddle, needs bigger move.
Fin Nifty · Live Spot
25,531.50
Switch Underlying Symbol
Max Profit
Unlimited
₹29,179 / lot
Max Loss
₹107.84
₹2,696 / lot
Net Premium
₹-107.84
₹2,696 / lot
Breakeven
25,392 / 25,708
Risk / Reward
1 : 0.09
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 | buy | 25,600 | ₹48.66 | 1 |
| 2 | PE | buy | 25,500 | ₹49.38 | 1 |
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About This Strategy
This Long Strangle is built around the live ATM strike of Fin 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.