ZERODHA
UPSTOX
ALICEBLUE

Short Straddle BANKNIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot BANKNIFTY2012331100CE 31100 CE 158 28 25000
Sell 1 lot BANKNIFTY2012331100PE 31100 PE 187 346 25000
Profit (in ₹): -580 INR  |   Max Profit (in ₹): 340 INR  |   Max Loss (in ₹): -2820 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 30755 - 31445

Short Straddle NIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot NIFTY2012312200CE 12200 CE 44 12 32000
Sell 1 lot NIFTY2012312200PE 12200 PE 40 90 32000
Profit (in ₹): -1350 INR  |   Max Profit (in ₹): 375 INR  |   Max Loss (in ₹): -2850 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 12116 - 12284