Strategy Name Bull Put Spread

Number of option legs Two

Direction Moderatly Bullish
Bull Put Spread
Particular Value
Underlying Nifty
Spot Price 7805 Details
Lower Strike (LS), Buy, OTM 7700 Spread
Higher Strike (HS), Sell, ITM 7900 Breakeven
Debit (LS) 72 Max Profit
Credit (HS) 163 Max Loss
Net Credit 91

Calculations
Market Expiry LS - IV PP LS Payof
7000 700 -72 628
7100 600 -72 528
7200 500 -72 428
7300 400 -72 328
7400 300 -72 228
7500 200 -72 128
7600 100 -72 28
7700 0 -72 -72
7800 0 -72 -72
7900 0 -72 -72
8000 0 -72 -72
8100 0 -72 -72
8200 0 -72 -72
8300 0 -72 -72
8400 0 -72 -72
8500 0 -72 -72

Legend
LS - IV Lower Strike Intrensic value
PP Premium Paid
LS Payof Payof from Lower strike
HS IV Higher Strike Intresic value
PR Premium Received
HS Payof Payof from Higher strike
B Buy
S Sell
OTM Out of Money
ITM In the Money
 200
7809
91
109

HS - IV PR HS Payof Strategy Payof

900 163 -737 -109
800 163 -637 -109
700 163 -537 -109 Bull Put Spread Payof
600 163 -437 -109
150
500 163 -337 -109
400 163 -237 -109
100
300 163 -137 -109
200 163 -37 -109 50
100 163 63 -9
0 163 163 91 0
0 163 163 91
7000

7200

7300

7600

7900

8000
7100

7400

7500

7700

7800
0 163 163 91 -50
0 163 163 91
0 163 163 91 -100
0 163 163 91
0 163 163 91 -150
7600

7700

7800

7900

ll Put Spread Payof

8000

8100

8200

8300

8400

8500