Skip to main content

Short Strangle — Live Payoff & Greeks

Live Short Strangle options strategy on Nifty 50 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.

Nifty 50 · Live Spot

23,719.30

ATM Strike:23,700
Lot Size:25

Max Profit

₹88.11

₹2,203 / lot

Max Loss

₹1,094.39

₹27,360 / lot

Net Premium

₹88.11

₹2,203 / lot

Breakeven

23,562 / 23,838

Risk / Reward

1 : 12.42

Live Payoff Diagram

23,56223,838Spot 23,7192060-1,21322,46824,933

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

Strategy Legs

#TypeSideStrikePremiumQty
1CEsell23,75049.351
2PEsell23,65048.541

About This Strategy

This Short 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.