DeepScreen

Options strategy lab

Black-Scholes-Merton pricing with dividend yield, exact Greeks per leg, payoff scan and lognormal probability of profit — all 12 strategies evaluated at once on the live spot.

Spot ₹2,954.00 · NSE
28%
6.5%
30d

Long Call

bullishDebit 103.58
  • Long 1× 2950.00 CE @ 103.58
Max profit
Unlimited
Max loss
103.58
POP
34.8%
Breakevens
₹3,053.70
Delta
0.546
Gamma
0.00167
Theta / day
-1.805
Vega
3.354
Rho
1.241

Strong directional upside with limited risk; IV expected to rise.

Long Put

bearishDebit 85.44
  • Long 1× 2950.00 PE @ 85.44
Max profit
2861.60
Max loss
85.44
POP
34.3%
Breakevens
₹2,864.94
Delta
-0.453
Gamma
0.00167
Theta / day
-1.335
Vega
3.354
Rho
-1.171

Expecting a sharp fall or hedging a holding; limited risk.

Bull Call Spread

bullishDebit 58.69
  • Long 1× 2950.00 CE @ 103.58
  • Short 1× 3100.00 CE @ 44.89
Max profit
91.31
Max loss
58.69
POP
41.8%
Breakevens
₹3,009.83
Delta
0.238
Gamma
0.00019
Theta / day
-0.277
Vega
0.375
Rho
0.530

Moderately bullish; caps cost and profit.

Bull Put Spread

bullishCredit 54.04
  • Long 1× 2800.00 PE @ 31.40
  • Short 1× 2950.00 PE @ 85.44
Max profit
54.04
Max loss
95.96
POP
60.5%
Breakevens
₹2,896.84
Delta
0.232
Gamma
-0.00042
Theta / day
0.272
Vega
-0.838
Rho
0.607

Mildly bullish/neutral; collect credit, keep it if price holds above the short put.

Bear Call Spread

bearishCredit 58.69
  • Short 1× 2950.00 CE @ 103.58
  • Long 1× 3100.00 CE @ 44.89
Max profit
58.69
Max loss
91.31
POP
58.3%
Breakevens
₹3,009.83
Delta
-0.238
Gamma
-0.00019
Theta / day
0.277
Vega
-0.375
Rho
-0.530

Mildly bearish/neutral; credit strategy with defined risk.

Bear Put Spread

bearishDebit 54.04
  • Long 1× 2950.00 PE @ 85.44
  • Short 1× 2800.00 PE @ 31.40
Max profit
95.96
Max loss
54.04
POP
39.5%
Breakevens
₹2,896.84
Delta
-0.232
Gamma
0.00042
Theta / day
-0.272
Vega
0.838
Rho
-0.607

Moderately bearish; debit strategy with defined risk and reward.

Put Backspread (Ratio)

bearishCredit 22.63
  • Short 1× 2950.00 PE @ 85.44
  • Long 2× 2800.00 PE @ 31.40
Max profit
2669.68
Max loss
126.28
POP
65.5%
Breakevens
₹2,673.52, ₹2,927.41
Delta
0.010
Gamma
0.00084
Theta / day
-0.792
Vega
1.679
Rho
0.044

Expecting a large downside move; short one near-money put, long two lower puts.

Short Strangle

neutralCredit 76.29
  • Short 1× 3100.00 CE @ 44.89
  • Short 1× 2800.00 PE @ 31.40
Max profit
76.29
Max loss
Unlimited
POP
66.3%
Breakevens
₹2,724.03, ₹3,177.32
Delta
-0.087
Gamma
-0.00274
Theta / day
2.592
Vega
-5.495
Rho
-0.148

Range-bound market with falling IV; unlimited risk, high POP.

Collar

neutralCredit 13.49
  • Long 1× underlying @ 2954.00 @ 2954.00
  • Long 1× 2800.00 PE @ 31.40
  • Short 1× 3100.00 CE @ 44.89
Max profit
159.49
Max loss
140.51
POP
53%
Breakevens
₹2,940.71
Delta
0.470
Gamma
-0.00023
Theta / day
0.464
Vega
-0.462
Rho
-1.274

Protect an existing holding: long stock + protective put financed by a covered call.

Long Call Butterfly

neutralDebit 133.39
  • Long 1× 2650.00 CE @ 324.52
  • Short 2× 2950.00 CE @ 103.58
  • Long 1× 3250.00 CE @ 16.03
Max profit
162.61
Max loss
133.39
POP
52%
Breakevens
₹2,783.85, ₹3,117.50
Delta
-0.028
Gamma
-0.00183
Theta / day
1.748
Vega
-3.667
Rho
-0.178

Pinning near the middle strike at expiry; cheap, defined risk.

Short Straddle

neutralCredit 189.02
  • Short 1× 2950.00 CE @ 103.58
  • Short 1× 2950.00 PE @ 85.44
Max profit
185.02
Max loss
Unlimited
POP
57.8%
Breakevens
₹2,761.25, ₹3,140.10
Delta
-0.093
Gamma
-0.00334
Theta / day
3.141
Vega
-6.708
Rho
-0.070

Maximum theta harvest in a dead-flat market; unlimited risk both ways.

Long Straddle

volatilityDebit 189.02
  • Long 1× 2950.00 CE @ 103.58
  • Long 1× 2950.00 PE @ 85.44
Max profit
Unlimited
Max loss
185.02
POP
42.3%
Breakevens
₹2,761.25, ₹3,140.10
Delta
0.093
Gamma
0.00334
Theta / day
-3.141
Vega
6.708
Rho
0.070

Event-driven: expecting a big move, direction unknown.