Option strategy builder
Put together calls and puts from NSE’s chain and see what the position would make or lose at expiry. Premiums start at the last traded price and can be changed.
Nifty 50, expiry 29 December 2026
| Buy or sell | Type | Strike | Lots | Premium | Remove |
|---|---|---|---|---|---|
- Premium paid
- ₹68,416
- Most it can make
- No limit
- Most it can lose
- −₹68,416
- Breakeven at expiry
- 23,897.45 and 26,002.55
- Profit or loss if it settles at today’s price
- −₹67,038
Greeks of the position
- Delta
- +9.3
- Gamma
- +0.039
- Theta (per day)
- −₹691
- Vega (per 1% volatility)
- ₹4,707
Profit at expiry from your legs and premiums, 65 units a lot, before brokerage, charges and taxes. Greeks use Black-Scholes with each option’s implied volatility from NSE and 50 days to expiry; delta and gamma are in units of the underlying. Arithmetic on your own inputs, not a recommendation.
Source: NSE option chain, 09-Nov-2026 12:05:38, delayed, 41 strikes around the index level; lot size from NSE’s lots file. Full chain
A calculator, not advice to trade. Selling options can lose far more than the premium received. SEBI’s study of FY2022 to FY2024 found that about 9 in 10 individual traders in equity F&O made a net loss. To see how a shape would have ended on a past expiry, try the options backtest.