ZERODHA
UPSTOX
ALICEBLUE

Short Strangle BANKNIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot BANKNIFTY20JAN31200CE 31200 CE 77 25 8000
Sell 1 lot BANKNIFTY20JAN30600PE 30600 PE 54 30 8000
Profit (in ₹): 1520 INR  |   Max Profit (in ₹): 1520 INR  |   Max Loss (in ₹): -40 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 30470 - 31330

Short Strangle NIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot NIFTY20JAN12250CE 12250 CE 11 3 10000
Sell 1 lot NIFTY20JAN12050PE 12050 PE 16 10 10000
Profit (in ₹): 1050 INR  |   Max Profit (in ₹): 1125 INR  |   Max Loss (in ₹): -75 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 12023 - 12277