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Option chainStrategy builderPractice

Options strategy builder

Pick a ready-made strategy or add your own legs, see the profit / loss at expiry

Market closed

Ready-made

Legs (0/6)

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    Add legs to see the expiry numbers and chart here.

    These are expiry-day numbers only; before expiry, option prices differ because of time value. Your broker decides the margin. This is not advice.

    About the options strategy builder

    Build multi-leg option strategies such as a bull call spread, straddle, strangle or iron condor and see the payoff chart at expiry, maximum profit, maximum loss and breakeven points. Premiums come from the live option chain, and you can place all legs together in paper trading with one click.

    1. Choose the index or stock, expiry and a ready-made strategy (or add legs yourself).
    2. Change strikes, buy / sell and lots; the payoff chart updates instantly.
    3. Place the whole strategy as a paper basket to practise it.
    What is an iron condor?

    Selling an out-of-the-money call and put and buying further strikes on both sides for protection. Profit is capped at the net premium; loss is capped too.

    Does the payoff include time value?

    No. The chart shows profit or loss at expiry only.