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Main Menu > Analysis > Intraday Analysis > Straddle Chart
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Last updated: 09/01/2024, 9:15AM

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Straddle Chart

Watch here, How to use Straddle Chart?

What is the Straddle chart?

A Straddle chart is a graphical representation that displays the price movement of a straddle option strategy. It shows how the option's value changes in response to market price fluctuations, allowing traders to analyze potential profit or loss scenarios.

Interpretation of Straddle Chart

Straddle is an Options strategy that involves buying and selling of either call or put of the same strike price and of the same expiry date.
If a trader buys 18800 CE and 18800 PE then it is known to be a “Long Straddle” If a trader sells 18800 CE and 18800 PE then it is known to be a “Short Straddle”
Basically, if the traders simultaneously buy Call and Put options of the same strike price and of the same expiry date. It is called to be Straddle.
On the TalkOptions website, the Straddle chart tool displays options for Straddle strategy charts. Here you will be able to view the price movement of the selected straddle.
Here you will be able to select call & put strikes for the straddle for any available expiry date such as weekly/monthly. Select the symbol, expiry date and any particular strike then click anywhere on the screen it will automatically show the straddle chart along with the Spot chart also.
On this tool, we also provided the timeframe of the Straddle of 1 min and 5 min. All shown charts will be of “LINE CHARTS”. The blue Line shows Spot price and Pink line shows the Straddle price.
It will help traders to analyse the straddle every 1 min. Traders can view the High of the Straddle price, the Low of the Straddle price and the Average of the Straddle Price.

How to use

Traders can see the Straddle price of the Index as well as Stocks also. For eg, If the Nifty/Stock Spot price chart is in Range bound. If there is no volatility then Shorting the Straddle is a good option for traders.
Let's say, if there is a big movement either upside or downside, then Long Straddle can be beneficial because either side CE or PE premiums will shoot up one way. So analysing the Spot chart, traders can make decisions either to buy the straddle or sell the straddle.
In the Live Market, traders can use a straddle strategy by following these steps:

  • Click the "Add Strategies" button found in the left corner of the page.
  • Choose the name of the asset you're trading and its expiration date.
  • Select the specific price at which you want to make the trade. This is called the "strike price."
  • Once you've picked these options, the page will refresh, and you'll be able to see a chart showing the straddle strategy for the strike price you selected.
Traders can make the Straddle Strategy by using LTP of the strike prices or with the Open Interest (OI) data If traders want to select with the help of LTP then they need to just select the cursor on the strike price and the chart will automatically come. If a trader wants to take a Straddle strategy on the basis of the highest OI then they used to select the OI button on the top corner of the pop-up window and they need to just select the cursor on the strike price and the chart will automatically come. On the top corner of the Straddle chart, traders can view the High Price of the straddle, Low price and the average price of the selected Straddle. This feature helps traders to take fast action in the Live Market when there is high volatility

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