ZERODHA
UPSTOX
ALICEBLUE

Short Straddle BANKNIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot BANKNIFTY20JAN30900CE 30900 CE 195 125 8000
Sell 1 lot BANKNIFTY20JAN30900PE 30900 PE 149 119 8000
Profit (in ₹): 2000 INR  |   Max Profit (in ₹): 2000 INR  |   Max Loss (in ₹): -140 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 30556 - 31244

Short Straddle NIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot NIFTY20JAN12150CE 12150 CE 39 21 10000
Sell 1 lot NIFTY20JAN12150PE 12150 PE 53 50 10000
Profit (in ₹): 1575 INR  |   Max Profit (in ₹): 1725 INR  |   Max Loss (in ₹): -150 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 12058 - 12242