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Strategy Playbook

Every options strategy explained with its payoff shape, when it works and what kills it.

Section
Build
Included in
Every plan, including Free
Language
English and Hinglish, on every screen
EN · English

What this page is

The complete playbook of 117 option strategies with a full teaching guide for each — and you can price any of them on the live chain right here.

How to use it

  1. 1Filter by level (Beginner / Intermediate / Advanced), sentiment (Very Bullish → Very Bearish), IV environment, DTE or C1–C10 class, or just search the name.
  2. 2Tap a strategy name → the 12-section guide opens: what it is, when to use / when NOT, legs & moneyness, live example payoff, 2%-rule lot sizing, entry / SL / target, adjustments, exits, common mistakes.
  3. 3Press "Build" — the strategy is priced on the symbol/expiry chosen at the top of this page and the payoff appears right here (no jump back to the Builder).

How to read it

  • Sentiment pills on the cards: VB / B / N / Be / VBe — the market view the structure needs.
  • "2-EXP" badge = calendar/diagonal that needs the next expiry too; "Nd" tags on legs show far-month legs.
  • The lot calculator inside the guide uses your capital and the 2% rule — change capital once, it is remembered.
  • Recipes pick strikes by moneyness, not by liquidity — so every built leg shows Liquid / Thin / Illiquid, and if any leg is illiquid a red banner offers "Use liquid strikes" (nearest strike that actually trades). Accept knowingly or switch in one click.

💡 Pro tip:Coming from the Screener? The Playbook opens pre-filtered to that stock's sentiment, so you only see structures that fit the trend.

हिं · Hinglish

Ye page kya hai

117 option strategies ki poori playbook, har ek ka poora teaching guide — aur kisi ko bhi yahin live chain par price kar sakte ho.

Kaise use karein

  1. 1Level (Beginner / Intermediate / Advanced), sentiment (Very Bullish → Very Bearish), IV environment, DTE ya C1–C10 class se filter karo, ya naam search karo.
  2. 2Strategy naam tap karo → 12-section guide khulta hai: kya hai, kab use karein / kab NAHI, legs & moneyness, live example payoff, 2%-rule lot sizing, entry / SL / target, adjustments, exits, common mistakes.
  3. 3"Build" dabao — strategy is page ke upar chune symbol/expiry par price hoti hai aur payoff yahin dikhta hai (Builder me wapas jaane ki zaroorat nahi).

Kaise padhein

  • Cards par sentiment pills: VB / B / N / Be / VBe — structure ko kaunsa market view chahiye.
  • "2-EXP" badge = calendar/diagonal jise agli expiry bhi chahiye; legs par "Nd" tag far-month legs dikhata hai.
  • Guide ke andar lot calculator aapki capital aur 2% rule use karta hai — capital ek baar badlo, yaad rehti hai.
  • Recipes strikes moneyness se chunti hain, liquidity se nahi — isliye har bane leg par Liquid / Thin / Illiquid dikhta hai, aur koi leg illiquid ho to laal banner "Liquid strikes use karo" deta hai (paas ki strike jahan sach me trade hota hai). Samajh ke accept karo ya ek click me switch.

💡 Pro tip:Screener se aaye ho? Playbook us stock ke sentiment par pre-filtered khulta hai — sirf trend ke hisaab ki structures dikhti hain.

Open the live Strategy Playbook

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.

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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.