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Nifty 50 Straddle Option Strategy

Updated: 01 Apr, 2025 | 10:44 IST
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Bid / Ask
B/E
sortExpiry:
3 Apr '25
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StrikeTotal BidTotal AskAvg IV
23,000

399.20

400.15

19.39

23,050

360.95

361.95

18.25

23,100

323.15

323.90

17.82

23,150

290.05

290.70

17.17

23,200

264.10

264.65

16.50

23,250

240.40

240.80

15.95

23,300

225.25

225.75

15.48

23,314.55
23,350

216.30

216.65

14.94

23,400

215.10

215.60

14.46

23,450

222.35

222.80

13.99

23,500

238.95

239.50

13.65

23,550

262.90

263.45

13.14

Nifty 50 - Statistics

Nifty 50open link
₹23,314.55
-204.80 (-0.87%)
Day Range
₹23,276.10 - ₹23,565.15
52w Range
₹21,281.45 - ₹26,277.35

Latest Nifty 50 Options

NIFTY 23500 PE 03 APR 25
₹195.35
+95.60 (95.84%)
NIFTY 23600 CE 03 APR 25
₹24.70
-66.10 (-72.80%)
NIFTY 23600 PE 03 APR 25
₹273.00
+125.45 (85.02%)
NIFTY 23550 PE 03 APR 25
₹233.90
+112.10 (92.04%)

Nifty 50 Futures

NIFTY FUT 29 MAY 25
₹23,594.60
-170.85 (-0.72%)
NIFTY FUT 24 APR 25
₹23,467.65
-170.00 (-0.72%)
NIFTY FUT 26 JUN 25
₹23,686.00
-188.90 (-0.79%)

F&O Tools

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Span Margin Calculator

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Understanding the Nifty 50 Option Chain

The Nifty 50 Option Chain is one of the most actively traded derivatives instruments in India. It carries the listing of the available options contracts tied to the benchmark Nifty50 index. The Nifty50 option chain provides a structured overview of all available call and put options for the key index, enabling traders to analyse market trends, volatility and key price levels. The Nifty50 option chain helps traders make informed decisions by offering real-time insights into open interest, trading volume, implied volatility and strike prices. The strike prices, expiry dates and the corresponding premiums help the traders to plan their options trading strategies. The list also shows all call and put options for specific F&O stocks.


The NSE Option Chain data is available to all traders on a real-time basis. By analysing the Nifty option chain, traders can make a better decision about the potential price movements and the overall market sentiment.

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Frequently Asked Questions

How do you calculate the breakeven points for a straddle?chevron-up

The first breakeven point for a straddle is calculated by taking the strike price and adding the combined cost of the call and put option. The second breakeven point is calculated by subtracting the combined cost of the call and put option from the strike price. The underlying needs to move either above the first breakeven point or below the second breakeven point in order to make a profit.

What is a straddle and when should you trade it?chevron-up

A straddle is an option-trading strategy that involves simultaneously buying both a call option and a put option for the same underlying asset at the same strike price and expiration date. Straddles are used by traders to profit from price movements in either direction and to take advantage of a lack of directional bias in the underlying asset. The best time to trade a straddle is when the market is showing uncertainty and the trader is expecting a large price move in either direction. Traders can also profit from straddles if the implied volatility of the underlying increases dramatically because this an increase in IV will increase the value of the straddle.

What is the difference between total bid price and total ask price for a straddle?chevron-up

Total bid price and total ask price for a straddle refer to the buying and selling prices of the option strategy. The total bid price is the combined bid price of the call and put option for the particular strike. This is the best price that someone in the market is willing to pay for this strategy. If you are selling a straddle, the ‘Total Bid Price’ is the price that you would receive
The total ask price is the combined ask price of the call and put option for the same strike. It represents the lowest price that a seller in the market is willing to accept for this strategy. If you want to buy a straddle, the ‘Total Ask Price’ is the price that you would have to pay. The difference between the two prices is called the bid-ask spread. The spread represents the cost of trading in the options market, and it is typically small for liquid options.

How can straddles be used to understand how much an underlying could potentially move?chevron-up

In order for a trader to break-even on a straddle, the underlying will need to move a certain amount - either up or down. If traders in the market believed that the underlying would move more than this break-even amount, then they would buy straddles. Buying straddles would put upward pressure on the price leading to a higher breakeven amount. Alternatively, if traders in the market believed that the underlying would move less, then they would sell straddles. This would lower the price of straddles and lower the breakeven amount. Because of this, at any point in time, you can look to the price of a straddle to get the "market implied" move for the underlying security.