5 Circles Private LimitedCircleOptionLabFive Circles Private LimitedSign in

Optimizer

Search strike and expiry combinations for the best risk-reward on a view you already hold.

Section
Build
Included in
Ultimate
Language
English and Hinglish, on every screen
EN · English

What this page is

Tell it your view (target price / direction / risk budget) and it prices dozens of structures on the live chain and ranks the best ones by expected value.

How to use it

  1. 1Set symbol + expiry, then type your target price (or pick a direction) and the max ₹ you are willing to risk.
  2. 2Press "Find best strategies". Each card shows a mini payoff, PoP, R:R, EV under YOUR view and EV under the market view.
  3. 3Re-sort by EV, PoP or R:R with the pills. Click "Build" on any card to open it in the Strategy Builder with the legs filled in.

How to read it

  • EV (view) is the number the ranking is sorted by: how much you make on average IF your target is right. EV (market) is what the option prices themselves imply.
  • A warning appears when your target is more than ~1.5× the expected move — the market thinks that move is unlikely.
  • Mini payoff thumbnails follow the same colour rule: green above zero, red below, dots at breakevens.

💡 Pro tip:Compare EV (view) against EV (market): the gap is the edge you are claiming with your opinion. If both are negative, do not force a trade.

हिं · Hinglish

Ye page kya hai

Apna view batao (target price / direction / risk budget) — ye live chain par dozens of structures ki keemat nikaal kar best wale expected value se rank karta hai.

Kaise use karein

  1. 1Symbol + expiry set karo, phir target price likho (ya direction chuno) aur max ₹ jo risk kar sakte ho.
  2. 2"Best strategies dhundo" dabao. Har card me mini payoff, PoP, R:R, AAPKE view ka EV aur market view ka EV dikhta hai.
  3. 3Pills se EV, PoP ya R:R par re-sort karo. Kisi bhi card par "Build" dabao — Strategy Builder me legs bhar ke khul jaayega.

Kaise padhein

  • EV (view) wahi number hai jis se ranking sort hoti hai: agar aapka target sahi nikla to average kitna banega. EV (market) wo hai jo option ke daam khud keh rahe hain.
  • Jab target expected move ke ~1.5× se zyada ho, warning aati hai — market ko wo move unlikely lagta hai.
  • Mini payoff thumbnails me bhi wahi rang: zero ke upar hara, neeche laal, breakeven par dots.

💡 Pro tip:EV (view) aur EV (market) ka gap = aapki opinion ka edge. Dono negative hain to trade zabardasti mat karo.

Open the live Optimizer

The live tool runs on real NSE data and needs an CircleOptionLab account. Everything described above is what it does; signing in is what runs it.

Open CircleOptionLabTalk to Five Circles

Related tools in Build

About CircleOptionLab

CircleOptionLab is an options analytics platform for Indian F&O — Nifty, Bank Nifty and stock options. It is operated by 5 Circles Private Limited, a SEBI-registered Research Analyst (INH000020004). It reads market data; it never places, modifies or cancels an order.

Nothing on this page is a recommendation to buy or sell. Derivatives trading carries a substantial risk of loss and is not suitable for every investor.