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Long Strangle — Live Payoff & Greeks

Live Long Strangle options strategy on Nifty 50 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.

Nifty 50 · Live Spot

23,719.30

ATM Strike:23,700
Lot Size:25

Max Profit

Unlimited

₹26,871 / lot

Max Loss

₹107.68

₹2,692 / lot

Net Premium

₹-107.68

₹2,692 / lot

Breakeven

23,542 / 23,858

Risk / Reward

1 : 0.10

Live Payoff Diagram

23,54223,858Spot 23,7191,1930-22622,46824,933

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

Strategy Legs

#TypeSideStrikePremiumQty
1CEbuy23,75049.351
2PEbuy23,65048.541

About This Strategy

This Long Strangle is built around the live ATM strike of Nifty 50. 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.