NIFTY 50 & NIFTY BANK — Options positioning & strategy
Option chain via Groww · Cash breadth via NSE · Strategy recommended from OI + IV + breadth heuristics ·
Interactive P&L plot is at-expiry payoff — not investment advice.
NIFTY 50
NIFTY · 2026-04-28
CHAIN OKBias: downward drift (F&O + breadth)
Spot
24,037.55
Index chg
-0.23%
PCR (OI)
0.811
Max pain
24,050
Δ -0.05%
Breadth A/D
19 / 30
Confidence
Medium
Reasoning
Put–call ratio (OI) = 0.811. Low PCR suggests crowded calls (mean-reversion risk); high PCR indicates hedging/bearish positioning.
Max pain ≈ 24,050 vs spot ≈ 24,038 (-0.05%). Near expiry, price tends to gravitate toward max pain.
Session ΔOI: calls +2,175,116, puts +1,366,702. Fresh OI in the direction of the move implies trend conviction; against the move implies hedging.
ATM (24,050): CE OI 304,071 vs PE OI 255,669, CE IV 19.0% / PE IV 19.0%.
Cash index breadth: 19 up / 30 down (A/D ≈ 0.63).
Full option chain · 2026-04-28 · Lot 65
CALLS
STRIKE
PUTS
OI
ΔOI
IV
LTP
Chg
Delta
Theta
Theta
Delta
Chg
LTP
IV
ΔOI
OI
118
-2
140.9
1869.40
-112.45
0.9989
15.90
22,150
-0.20
-0.0011
-0.60
0.20
140.9
162
1,718
798
-68
137.3
1830.45
-87.55
0.9989
4.85
22,200
-0.20
-0.0011
-0.55
0.20
137.3
-2,325
6,419
391
-3
136.3
1905.00
+69.65
0.9986
-119.70
22,250
-0.25
-0.0014
-0.55
0.25
136.3
-226
2,396
2,088
-36
130.1
1749.90
-75.85
0.9988
-14.60
22,300
-0.20
-0.0012
-0.60
0.20
130.1
-2,022
9,059
201
0
126.5
1727.35
-42.65
0.9988
-42.05
22,350
-0.20
-0.0012
-0.60
0.20
126.5
-590
2,093
4,630
-68
122.9
1654.00
-67.70
0.9987
-18.70
22,400
-0.20
-0.0013
-0.65
0.20
122.9
-1,626
11,175
250
0
116.4
1632.75
-60.30
0.9990
-47.45
22,450
-0.15
-0.0010
-0.70
0.15
116.4
-1,187
3,052
15,208
-443
115.7
1534.35
-90.15
0.9987
5.30
22,500
-0.20
-0.0013
-0.70
0.15
115.7
-16,964
51,302
494
-24
114.4
1523.00
-53.00
0.9983
-37.70
22,550
-0.25
-0.0017
-0.65
0.20
114.4
-590
4,039
1,643
-95
105.9
1426.70
-94.95
0.9989
8.60
22,600
-0.15
-0.0011
-0.90
0.10
105.9
-10,412
18,325
964
-9
105.0
1415.65
-43.60
0.9985
-30.35
22,650
-0.20
-0.0015
-0.75
0.20
105.0
3,989
9,305
5,028
-100
101.4
1336.40
-85.70
0.9985
-1.10
22,700
-0.20
-0.0015
-0.80
0.20
101.4
-8,421
17,397
1,951
-16
97.8
1281.90
-87.40
0.9984
3.40
22,750
-0.20
-0.0016
-0.80
0.20
97.8
469
7,227
5,208
-292
94.2
1241.85
-81.75
0.9984
-6.55
22,800
-0.20
-0.0016
-0.95
0.15
94.2
-4,835
26,152
4,532
-14
92.4
1177.45
-96.90
0.9980
7.85
22,850
-0.25
-0.0020
-0.85
0.25
92.4
-3,146
9,290
2,643
-72
87.0
1134.75
-92.60
0.9983
0.55
22,900
-0.20
-0.0017
-1.00
0.20
87.0
16,887
44,400
498
-16
85.1
1095.00
-60.95
0.9978
-9.70
22,950
-0.25
-0.0022
-1.05
0.25
85.1
-937
10,120
21,912
-1,082
79.7
1030.50
-92.20
0.9981
10.30
23,000
-0.20
-0.0019
-1.20
0.20
79.7
-15,489
146,006
2,812
-51
77.7
1040.55
-40.75
0.9976
-55.25
23,050
-0.25
-0.0024
-1.35
0.25
77.7
4,448
17,564
3,175
-134
74.1
926.30
-96.45
0.9975
9.00
23,100
-0.25
-0.0025
-1.40
0.25
74.1
-9,786
51,976
544
-6
70.4
894.25
-72.55
0.9974
-8.95
23,150
-0.25
-0.0026
-1.60
0.25
70.4
17,705
37,596
2,053
-155
66.7
842.50
-85.35
0.9973
-7.20
23,200
-0.25
-0.0027
-1.75
0.30
66.7
-12,885
59,366
544
-2
65.1
776.55
-99.45
0.9962
8.75
23,250
-0.35
-0.0038
-1.95
0.35
65.1
-8,671
26,102
2,664
-75
61.3
733.90
-89.90
0.9960
1.40
23,300
-0.35
-0.0040
-2.25
0.35
61.3
5,004
80,545
424
5
57.4
689.60
-85.10
0.9957
-4.30
23,350
-0.35
-0.0043
-2.65
0.35
57.4
-22,657
38,055
1,797
-135
54.4
632.00
-93.75
0.9949
5.60
23,400
-0.40
-0.0051
-2.75
0.40
54.4
37,172
97,724
3,267
60
51.1
579.65
-98.45
0.9940
5.65
23,450
-0.45
-0.0060
-3.25
0.45
51.1
6,716
44,820
11,733
-1,973
47.7
532.55
-90.25
0.9930
7.40
23,500
-0.50
-0.0070
-3.80
0.50
47.7
119,802
259,125
2,904
122
43.1
483.20
-97.05
0.9930
13.50
23,550
-0.45
-0.0070
-4.30
0.50
43.1
33,184
74,874
2,840
139
40.0
434.10
-93.45
0.9910
6.35
23,600
-0.55
-0.0090
-5.10
0.55
40.0
50,069
133,689
1,082
329
37.0
382.35
-93.70
0.9880
11.05
23,650
-0.70
-0.0120
-6.10
0.65
37.0
21,547
64,222
4,569
-591
33.8
332.40
-95.15
0.9837
4.40
23,700
-0.90
-0.0163
-7.70
0.85
33.8
66,563
132,804
2,122
592
30.7
281.85
-99.55
0.9770
10.75
23,750
-1.20
-0.0230
-9.75
1.15
30.7
68,459
107,739
21,195
9,207
28.5
234.05
-99.35
0.9608
8.75
23,800
-2.05
-0.0392
-12.60
1.85
28.5
83,066
171,671
8,511
3,057
25.8
184.20
-104.85
0.9348
2.20
23,850
-3.35
-0.0652
-16.10
2.95
25.8
62,766
104,187
34,175
14,362
19.7
137.00
-108.10
0.9214
5.40
23,900
-5.70
-0.0786
-19.85
5.50
19.7
141,339
247,446
35,726
26,347
21.9
92.45
-111.40
0.7805
-5.40
23,950
-12.55
-0.2195
-23.85
10.65
21.9
187,361
239,113
210,351
128,393
19.7
54.65
-112.00
0.6176
-15.45
24,000
-24.05
-0.3824
-23.10
23.65
19.7
303,310
477,865
304,071
270,538
19.0
27.05
-105.45
0.3945
-24.10
24,050
-33.35
-0.6055
-17.30
45.60
19.0
193,319
255,669
536,626
429,296
20.4
12.90
-90.75
0.2162
-11.45
24,100
-22.85
-0.7838
-2.30
81.40
20.4
78,429
180,578
391,706
347,480
22.1
6.00
-73.00
0.1111
-5.40
24,150
-16.55
-0.8889
+14.70
124.25
22.1
48,344
69,817
453,683
342,815
24.8
3.35
-55.95
0.0633
-3.10
24,200
-14.30
-0.9367
+33.85
172.95
24.8
10,657
50,912
185,636
143,109
27.7
2.05
-42.05
0.0394
-2.00
24,250
-13.30
-0.9606
+47.10
221.90
27.7
13,767
19,327
215,401
101,593
31.3
1.55
-31.20
0.0284
-1.55
24,300
-10.35
-0.9716
+57.80
270.50
31.3
3,652
21,835
101,974
65,682
35.2
1.35
-22.80
0.0226
-1.35
24,350
-12.75
-0.9774
+64.50
320.00
35.2
1,722
5,414
178,508
78,175
38.7
1.10
-17.30
0.0180
-1.15
24,400
-8.35
-0.9820
+72.00
369.70
38.7
-678
17,553
105,090
62,171
42.5
1.05
-13.20
0.0153
-1.05
24,450
-12.10
-0.9847
+75.10
419.10
42.5
-934
5,314
254,028
89,796
46.1
0.95
-10.10
0.0130
-0.95
24,500
-13.30
-0.9870
+77.60
468.20
46.1
-1,944
28,043
89,554
48,171
49.9
0.90
-7.75
0.0115
-0.90
24,550
-10.30
-0.9885
+89.90
525.00
49.9
-458
5,852
191,583
84,525
53.2
0.75
-5.85
0.0098
-0.80
24,600
-14.60
-0.9902
+88.25
574.15
53.2
-74
8,651
60,136
21,294
56.2
0.65
-4.45
0.0083
-0.70
24,650
-1.25
-0.9917
+81.50
615.95
56.2
38
1,104
112,685
32,255
59.6
0.65
-3.60
0.0073
-0.65
24,700
-5.35
-0.9927
+87.10
671.80
59.6
-2,132
3,390
47,096
16,679
21.5
0.70
-2.70
0.0000
-0.70
24,750
-8.60
-1.0000
+94.05
723.30
21.5
-10
686
96,024
16,995
66.6
0.60
-2.30
0.0062
-0.60
24,800
-11.00
-0.9938
+87.15
768.20
66.6
-351
6,458
35,820
-2,083
69.7
0.50
-2.00
0.0055
-0.55
24,850
3.90
-0.9945
+73.60
810.80
69.7
14
608
62,822
605
73.3
0.50
-1.65
0.0052
-0.55
24,900
-6.95
-0.9948
+92.60
871.65
73.3
-55
1,847
27,195
887
76.2
0.50
-1.25
0.0046
-0.50
24,950
9.95
-0.9954
+73.90
904.75
76.2
21
419
207,939
27,138
80.6
0.50
-1.15
0.0048
-0.55
25,000
-13.30
-0.9952
+89.00
970.40
80.6
-820
17,725
23,545
3,013
82.4
0.50
-0.90
0.0039
-0.45
25,050
10.40
-0.9961
+80.60
1004.30
82.4
-4
252
51,985
-11,797
70.9
0.50
-0.70
0.0006
-0.50
25,100
-8.65
-0.9994
+92.45
1073.35
70.9
-11
598
19,013
643
89.5
0.45
-0.70
0.0036
-0.45
25,150
-0.50
-0.9964
+85.05
1115.20
89.5
-1
171
54,357
-20,218
91.8
0.40
-0.60
0.0032
-0.40
25,200
-9.00
-0.9968
+87.90
1173.70
91.8
-480
1,032
12,138
-798
95.3
0.35
-0.70
0.0031
-0.40
25,250
0.55
-0.9969
+48.35
1214.15
95.3
4
226
42,492
6,115
97.4
0.35
-0.60
0.0027
-0.35
25,300
-12.65
-0.9973
+95.80
1277.35
97.4
-168
443
14,346
-37,381
102.1
0.40
-0.90
0.0029
-0.40
25,350
119.50
-0.9971
-33.85
1195.20
102.1
1
71
14,731
-14,070
105.4
0.40
-0.55
0.0028
-0.40
25,400
5.05
-0.9972
+78.15
1359.65
105.4
-145
490
6,410
-1,232
107.4
0.35
-0.55
0.0024
-0.35
25,450
39.70
-0.9976
+44.00
1375.00
107.4
-1
117
61,214
-30,906
109.1
0.35
-0.45
0.0021
-0.30
25,500
3.70
-0.9979
+77.45
1461.00
109.1
-563
8,071
6,590
-982
115.4
0.40
-0.45
0.0026
-0.40
25,550
112.25
-0.9974
-54.40
1402.45
115.4
-1
91
14,008
-11,489
117.3
0.30
-0.35
0.0022
-0.35
25,600
29.70
-0.9978
+91.10
1578.00
117.3
-45
445
5,485
-1,128
122.0
0.40
-0.30
0.0024
-0.40
25,650
-5.60
-0.9976
+48.75
1620.30
122.0
0
111
18,041
-11,524
120.0
0.25
-0.40
0.0016
-0.25
25,700
-7.95
-0.9984
+86.45
1672.65
120.0
-46
262
12,214
-1,892
120.8
0.20
-0.40
0.0013
-0.20
25,750
77.40
-0.9987
+3.55
1637.30
120.8
0
16
11,005
-8,083
128.4
0.30
-0.35
0.0018
-0.30
25,800
-0.40
-0.9982
+82.70
1765.10
128.4
-27
724
10,959
-840
124.0
0.20
-0.35
0.0010
-0.15
25,850
108.35
-0.9990
-188.65
1706.35
124.0
-1
28
7,979
-4,169
134.7
0.30
-0.35
0.0017
-0.30
25,900
-1.40
-0.9983
+83.10
1866.10
134.7
-11
152
2,101
-1,255
137.8
0.30
-0.40
0.0017
-0.30
25,950
134.70
-0.9983
-75.35
1780.00
137.8
-2
9
Recommended strategy
Bear Put Spread Bearish
BUY24,050 PE@ 45.60
SELL23,950 PE@ 10.65
Lot size65
Max profit₹4,228
Max loss₹-2,272
Breakeven(s)24,015
Buy 24,050 PE @ 45.60, Sell 23,950 PE @ 10.65. Net debit strategy profiting from downside. Limited risk with defined reward.
P&L at expiry — interactive simulator
P&L curveBreakevenBuy / Max profitSell / Max lossSpot price
NIFTY BANK
BANKNIFTY · 2026-04-28
CHAIN OKBias: downward drift (F&O + breadth)
Spot
55,684.15
Index chg
-1.03%
PCR (OI)
0.693
Max pain
55,800
Δ -0.21%
Breadth A/D
2 / 12
Confidence
Medium
Reasoning
Put–call ratio (OI) = 0.693. Low PCR suggests crowded calls (mean-reversion risk); high PCR indicates hedging/bearish positioning.
Max pain ≈ 55,800 vs spot ≈ 55,684 (-0.21%). Near expiry, price tends to gravitate toward max pain.
Session ΔOI: calls +576,090, puts +282,297. Fresh OI in the direction of the move implies trend conviction; against the move implies hedging.
ATM (55,700): CE OI 39,454 vs PE OI 36,283, CE IV 27.3% / PE IV 27.3%.
Cash index breadth: 2 up / 12 down (A/D ≈ 0.17).
Full option chain · 2026-04-28 · Lot 30
CALLS
STRIKE
PUTS
OI
ΔOI
IV
LTP
Chg
Delta
Theta
Theta
Delta
Chg
LTP
IV
ΔOI
OI
606
-10
148.4
4410.00
-621.00
0.9983
-20.75
51,300
-0.75
-0.0017
-1.30
0.75
148.4
-116
602
560
-5
146.0
4300.00
-600.00
0.9982
-10.75
51,400
-0.80
-0.0018
-1.40
0.80
146.0
171
1,435
3,566
-130
142.0
4160.00
-687.10
0.9983
29.25
51,500
-0.75
-0.0017
-1.05
0.75
142.0
-290
5,806
681
-2
146.2
4058.20
-822.35
0.9972
31.05
51,600
-1.30
-0.0028
-0.70
1.30
146.2
-132
1,204
709
0
136.3
4643.75
+0.00
0.9981
-654.50
51,700
-0.80
-0.0019
-1.35
0.80
136.3
21
895
647
-3
130.6
4050.00
-535.00
0.9984
-160.75
51,800
-0.65
-0.0016
-1.50
0.65
130.6
-80
917
370
-4
133.3
3800.00
-731.80
0.9975
-10.75
51,900
-1.05
-0.0025
-0.80
1.05
133.3
10
641
7,060
-375
124.3
3720.00
-624.05
0.9983
-30.75
52,000
-0.65
-0.0017
-1.20
0.65
124.3
-2,811
13,075
456
-10
118.3
3800.00
-450.00
0.9986
-210.75
52,100
-0.50
-0.0014
-1.70
0.50
118.3
-436
1,253
398
-26
117.9
3580.00
-590.00
0.9982
-90.75
52,200
-0.65
-0.0018
-1.55
0.65
117.9
-102
566
734
0
115.5
3839.55
-230.45
0.9980
-450.30
52,300
-0.70
-0.0020
-1.50
0.70
115.5
-165
1,645
564
-3
111.6
3265.00
-735.00
0.9981
24.25
52,400
-0.65
-0.0019
-1.50
0.65
111.6
-155
1,452
3,121
-57
111.2
3210.00
-636.20
0.9976
-20.75
52,500
-0.85
-0.0024
-1.35
0.95
111.2
-160
10,360
759
-2
109.6
3180.00
-345.00
0.9971
-90.75
52,600
-1.00
-0.0029
-1.60
1.00
109.6
-322
512
1,788
-21
105.2
2960.00
-590.00
0.9973
29.25
52,700
-0.90
-0.0027
-1.95
0.90
105.2
557
2,717
614
-18
103.0
2919.40
-580.60
0.9970
-30.15
52,800
-1.00
-0.0030
-1.90
1.00
103.0
850
2,442
641
0
100.7
3013.25
-429.85
0.9966
-224.00
52,900
-1.10
-0.0034
-1.80
1.10
100.7
-81
653
5,963
-421
96.4
2718.25
-638.60
0.9968
-29.00
53,000
-1.00
-0.0032
-2.20
1.05
96.4
1,379
20,593
497
-21
93.6
2675.00
-621.65
0.9965
-85.75
53,100
-1.05
-0.0035
-3.05
1.05
93.6
134
1,045
433
-3
91.5
2800.00
-366.20
0.9960
-310.75
53,200
-1.20
-0.0040
-2.15
1.20
91.5
1,355
2,773
466
-2
87.8
2630.00
-165.00
0.9960
-240.75
53,300
-1.15
-0.0040
-3.65
1.10
87.8
-673
2,624
340
-2
84.4
2511.10
-438.90
0.9959
-221.85
53,400
-1.15
-0.0041
-2.65
1.15
84.4
70
1,271
1,344
-73
81.8
2230.00
-630.80
0.9954
-40.75
53,500
-1.25
-0.0046
-2.95
1.20
81.8
-523
14,457
253
-17
78.7
2139.00
-579.00
0.9951
-49.75
53,600
-1.30
-0.0049
-2.70
1.35
78.7
542
2,215
443
-2
75.3
2370.10
-298.80
0.9949
-380.85
53,700
-1.30
-0.0051
-3.00
1.30
75.3
267
3,421
346
-2
72.2
1838.00
-762.00
0.9945
51.25
53,800
-1.35
-0.0055
-3.20
1.35
72.2
460
2,852
397
-1
67.8
1751.00
-654.50
0.9947
38.25
53,900
-1.20
-0.0053
-3.40
1.35
67.8
891
2,613
7,448
-649
65.3
1726.00
-625.55
0.9939
-36.75
54,000
-1.35
-0.0061
-4.05
1.35
65.3
-2,389
25,415
402
0
62.0
2000.00
-325.00
0.9934
-410.75
54,100
-1.40
-0.0066
-4.10
1.40
62.0
1,705
3,520
436
-4
58.0
1520.00
-617.10
0.9935
-30.75
54,200
-1.30
-0.0065
-4.40
1.30
58.0
2,571
6,689
507
-4
55.5
1792.85
-210.80
0.9923
-403.60
54,300
-1.50
-0.0077
-4.75
1.50
55.5
10,029
12,497
597
-8
51.5
1295.90
-644.10
0.9922
-6.65
54,400
-1.40
-0.0078
-5.45
1.35
51.5
10,006
12,361
3,509
-347
48.8
1240.00
-615.55
0.9908
-50.75
54,500
-1.60
-0.0092
-5.95
1.55
48.8
12,061
30,057
643
-17
45.3
1101.65
-671.05
0.9899
-12.40
54,600
-1.65
-0.0101
-7.05
1.65
45.3
5,548
9,244
666
-103
36.2
998.00
-658.70
0.9958
-8.75
54,700
-1.90
-0.0042
-7.65
1.90
36.2
3,610
8,653
631
-54
40.2
920.40
-644.00
0.9836
-31.15
54,800
-2.50
-0.0164
-8.30
2.55
40.2
5,223
11,141
651
-39
37.7
802.45
-652.60
0.9784
-13.20
54,900
-3.20
-0.0216
-9.55
3.25
37.7
7,945
11,826
7,771
-885
32.4
700.00
-657.10
0.9801
-10.75
55,000
-4.40
-0.0199
-10.70
4.50
32.4
22,187
49,101
592
46
32.8
597.80
-673.00
0.9591
-14.05
55,100
-5.75
-0.0409
-12.05
5.80
32.8
11,583
15,007
1,092
458
30.6
500.60
-662.35
0.9392
-19.75
55,200
-8.50
-0.0608
-12.65
8.75
30.6
23,869
34,374
1,386
959
28.0
412.45
-654.35
0.9121
-20.25
55,300
-14.70
-0.0879
-11.10
15.05
28.0
20,374
29,045
1,984
1,328
28.4
320.90
-658.25
0.8408
-35.55
55,400
-25.15
-0.1592
-8.45
25.00
28.4
32,573
38,295
12,225
8,409
28.0
242.40
-645.35
0.7488
-53.05
55,500
-44.55
-0.2512
+0.60
43.30
28.0
42,548
60,066
18,702
17,245
27.6
169.35
-633.85
0.6320
-82.25
55,600
-74.00
-0.3680
+20.40
73.55
27.6
38,078
43,777
39,454
37,950
27.3
114.65
-600.05
0.4976
-113.70
55,700
-105.95
-0.5024
+51.65
118.15
27.3
28,105
36,283
70,782
69,353
27.6
71.10
-555.00
0.3637
-72.30
55,800
-64.45
-0.6363
+86.60
171.35
27.6
15,493
23,596
48,870
46,900
27.8
43.65
-502.75
0.2463
-42.80
55,900
-35.35
-0.7537
+142.65
246.05
27.8
9,402
18,015
113,328
99,546
28.9
25.65
-445.65
0.1619
-26.35
56,000
-17.75
-0.8381
+199.45
328.00
28.9
13,214
35,563
60,834
55,543
30.2
15.90
-384.25
0.1045
-16.30
56,100
-7.60
-0.8955
+260.25
418.45
30.2
1,930
10,263
61,441
54,630
31.7
9.95
-328.45
0.0680
-10.00
56,200
-3.40
-0.9320
+312.60
508.85
31.7
-2,397
6,256
40,216
29,012
34.1
7.20
-273.60
0.0485
-7.25
56,300
-0.40
-0.9515
+372.80
611.90
34.1
-3,285
5,986
26,418
17,065
36.5
5.30
-226.50
0.0354
-5.40
56,400
-0.20
-0.9646
+422.10
710.45
36.5
-2,124
4,864
53,689
27,307
39.3
4.35
-181.75
0.0275
-4.35
56,500
2.30
-0.9725
+462.70
807.80
39.3
-2,788
14,159
23,779
13,898
41.9
3.45
-148.70
0.0217
-3.55
56,600
-3.15
-0.9783
+510.95
915.25
41.9
-243
1,922
20,657
9,977
44.7
2.95
-117.10
0.0179
-3.05
56,700
-0.25
-0.9821
+537.85
1011.00
44.7
-282
1,858
24,490
9,986
47.3
2.55
-92.70
0.0145
-2.55
56,800
13.35
-0.9855
+548.60
1097.40
47.3
-275
5,032
15,956
8,811
50.2
2.25
-74.05
0.0125
-2.30
56,900
-5.60
-0.9875
+587.60
1215.85
50.2
-66
2,094
42,342
12,412
53.1
2.10
-59.65
0.0110
-2.10
57,000
2.25
-0.9890
+594.05
1308.65
53.1
-4,299
13,131
13,942
6,150
55.9
1.80
-47.95
0.0096
-1.90
57,100
9.20
-0.9904
+597.85
1401.55
55.9
-14
1,700
15,276
7,510
42.1
1.85
-37.95
0.0004
-1.85
57,200
8.20
-0.9996
+614.00
1502.55
42.1
-97
2,164
20,431
11,248
61.4
1.60
-31.25
0.0075
-1.60
57,300
-35.50
-0.9925
+660.65
1646.25
61.4
-403
2,260
20,744
13,201
64.2
1.55
-25.10
0.0068
-1.50
57,400
2.90
-0.9932
+632.80
1707.85
64.2
-137
2,666
41,534
17,345
67.5
1.50
-20.90
0.0065
-1.50
57,500
42.90
-0.9935
+594.35
1767.85
67.5
-167
2,953
10,405
4,410
70.2
1.40
-17.15
0.0059
-1.40
57,600
20.75
-0.9941
+594.00
1890.00
70.2
-1,818
866
7,682
1,313
73.4
1.40
-14.10
0.0057
-1.40
57,700
61.40
-0.9943
+578.90
1949.35
73.4
-5
251
7,712
414
75.9
1.30
-11.90
0.0051
-1.30
57,800
10.75
-0.9949
+643.10
2100.00
75.9
-32
212
20,308
15,950
76.1
0.95
-10.65
0.0037
-0.90
57,900
460.75
-0.9963
+199.70
1750.00
76.1
-6
273
36,683
6,419
81.5
1.20
-8.65
0.0045
-1.20
58,000
31.70
-0.9955
+616.10
2279.05
81.5
-273
3,028
6,998
1,450
83.4
1.00
-7.60
0.0039
-1.05
58,100
394.65
-0.9961
+256.70
2016.10
83.4
0
99
4,356
-804
86.5
1.05
-6.65
0.0038
-1.05
58,200
584.05
-0.9962
-167.65
1926.70
86.5
0
95
4,823
640
88.6
0.95
-5.70
0.0033
-0.95
58,300
110.75
-0.9967
+382.65
2500.00
88.6
0
72
3,319
-40
92.0
1.00
-4.95
0.0034
-1.00
58,400
321.80
-0.9966
-150.75
2388.95
92.0
0
65
18,371
-1,290
94.5
0.95
-4.45
0.0032
-0.95
58,500
-51.05
-0.9968
+696.50
2861.80
94.5
-35
508
7,972
5,486
95.2
0.80
-4.30
0.0025
-0.75
58,600
584.30
-0.9975
-273.55
2326.45
95.2
0
53
4,464
1,275
99.9
0.90
-3.65
0.0029
-0.90
58,700
655.45
-0.9971
+0.00
2355.30
99.9
0
16
2,336
-921
102.8
0.90
-3.25
0.0028
-0.90
58,800
584.35
-0.9972
+14.40
2526.40
102.8
0
307
1,626
-834
106.2
0.90
-3.05
0.0028
-0.95
58,900
584.40
-0.9972
-233.75
2626.35
106.2
0
75
29,485
-3,060
108.0
0.85
-2.80
0.0025
-0.85
59,000
-33.30
-0.9975
+708.15
3344.05
108.0
-501
2,693
2,068
-229
110.8
0.85
-2.70
0.0025
-0.85
59,100
584.40
-0.9975
-59.55
2826.35
110.8
0
14
1,968
-122
114.3
0.90
-2.40
0.0025
-0.90
59,200
584.45
-0.9975
+931.25
2926.30
114.3
0
19
2,243
744
115.2
0.65
-2.40
0.0021
-0.75
59,300
280.45
-0.9979
+357.80
3330.30
115.2
0
42
859
-88
117.2
0.70
-2.25
0.0020
-0.70
59,400
584.45
-0.9980
+141.30
3126.30
117.2
0
31
10,442
-786
121.5
0.80
-2.05
0.0021
-0.80
59,500
10.75
-0.9979
+608.55
3800.00
121.5
-57
892
1,517
-164
124.9
0.85
-1.95
0.0022
-0.85
59,600
584.50
-0.9978
+1004.30
3326.25
124.9
0
146
1,481
-208
126.3
0.75
-2.00
0.0019
-0.75
59,700
40.75
-0.9981
+570.00
3970.00
126.3
0
28
1,426
-140
129.0
0.75
-1.85
0.0019
-0.75
59,800
584.55
-0.9981
+56.20
3526.20
129.0
0
31
869
-563
128.2
0.55
-1.85
0.0014
-0.55
59,900
310.75
-0.9986
+383.80
3900.00
128.2
-4
40
27,265
-9,863
130.9
0.55
-1.80
0.0014
-0.55
60,000
20.40
-0.9986
+615.90
4290.35
130.9
-616
5,453
672
-259
131.3
0.45
-1.80
0.0012
-0.45
60,100
310.75
-0.9988
+319.90
4100.00
131.3
0
8
Recommended strategy
Bear Call Spread Bearish (IV-friendly)
SELL55,700 CE@ 114.65
BUY56,700 CE@ 2.95
Lot size30
Max profit₹3,351
Max loss₹-26,649
Breakeven(s)55,812
Sell 55,700 CE @ 114.65, Buy 56,700 CE @ 2.95. Net credit strategy benefiting from time decay and bearish bias. High IV benefits the credit leg.
P&L at expiry — interactive simulator
P&L curveBreakevenBuy / Max profitSell / Max lossSpot price