ZERODHA
UPSTOX
ALICEBLUE

Short Strangle BANKNIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot BANKNIFTY2022031000CE 31000 CE 125 152 25000
Sell 1 lot BANKNIFTY2022030400PE 30400 PE 133 96 25000
Profit (in ₹): 200 INR  |   Max Profit (in ₹): 280 INR  |   Max Loss (in ₹): -200 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 30142 - 31258

Short Strangle NIFTY       

ActionContractOption Type@ 9:30CMPMargin
Sell 1 lot NIFTY2022012200CE 12200 CE 26 29 32000
Sell 1 lot NIFTY2022012000PE 12000 PE 38 31 32000
Profit (in ₹): 300 INR  |   Max Profit (in ₹): 375 INR  |   Max Loss (in ₹): 0 INR
Design Strategy
This is limited profit, unlimited loss strategy. Good for range bound market, Risky for Trending market. Profit Zone: 11937 - 12263