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Reliance Industries Straddle Option Strategy

Reliance Industries Straddle Option Strategy

Updated: 08 May, 2025 | 15:59 IST
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Bid / Ask
B/E
sortExpiry:
29 May '25
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StrikeTotal BidTotal AskAvg IV
1,330

90.75

96.30

28.32

1,340

87.25

88.15

27.04

1,350

78.85

81.25

26.18

1,360

74.95

75.50

25.30

1,370

69.25

70.75

24.57

1,380

65.90

66.60

24.05

1,390

62.85

63.95

23.19

1,400

60.45

61.30

22.67

1,407.00
1,410

59.40

60.95

22.16

1,420

60.45

61.35

21.73

1,430

61.85

63.00

21.21

1,440

64.60

65.60

20.87

Reliance Industries - Statistics

Reliance Industriesopen link
₹1,407.00
+1.00 (0.07%)
Day Range
₹1,398.00 - ₹1,420.80
52w Range
₹1,114.85 - ₹1,608.80

Latest Reliance Industries Options

RELIANCE 1400 PE 29 MAY 25
₹29.45
+6.90 (30.60%)
RELIANCE 1420 CE 29 MAY 25
₹21.35
-2.00 (-8.57%)
RELIANCE 1420 PE 29 MAY 25
₹39.75
+8.40 (26.79%)
RELIANCE 1400 CE 29 MAY 25
₹31.00
-3.40 (-9.88%)

Reliance Industries Futures

RELIANCE FUT 26 JUN 25
₹1,410.00
-8.60 (-0.61%)
RELIANCE FUT 29 MAY 25
₹1,401.10
-10.90 (-0.77%)
RELIANCE FUT 31 JUL 25
₹1,417.00
-9.40 (-0.66%)

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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.