Options Flavour

Options Adjustments Calc

Disclaimer
I am not SEBI registered. I am not a call/tip provider and I don't provide call or tips. This calculator is on
result/output of this calculator should not never be taken as recommendation in any case. Before taking
This Calculator should strictly be used for only and only learning and educational purpose.
 Options Adjustments Calculator
Enter details
Underlying Nifty Output
Spot Price 14500 Lower Breakeven 14130
CE Strike price - Sell 14800 Upper Breakeven 14870
PE Strike price - Sell 14200 Max Loss 130
CE Strike price - Buy 15000 Max Profit 70
PE Strike price - Buy 14000
CE Premium - Sell 87
PE Premium - Sell 92
CE Premium - Buy 55
PE Premium - Buy 54
Net Credit 70
Options Adjustments Calculator - CE & PE : Same Expiry
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 15167.4 Strike price - Sell
Strike price - Buy 15470.748 Strike price - Buy
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 13847.4 Strike price - Sell
Strike price - Buy 13570.452 Strike price - Buy

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 15018.7 Strike price - Sell
Strike price - Buy 15319.074 Strike price - Buy
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 13988.7 Strike price - Sell
Strike price - Buy 13708.926 Strike price - Buy
Near strike price
14572.6
14281.148

Near strike price

14412.6
14700.852

Near strike price

14721.3
14426.874

Near strike price

14271.3
14556.726
 Options Adjustments C
Enter details
Underlying Nifty Output
Spot Price 14500 Lower Breakeven 0
CE Strike price - Sell 14700 Upper Breakeven 14757
CE Strike price - Buy 14900 Max Loss 143
CE Premium - Sell 91 Max Profit 57
CE Premium - Buy 34
Net credit 57
Options Adjustments Calculator - CE : Same Expiry
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 15052.14 Strike price - Sell 14461.86
Strike price - Buy 15353.1828 Strike price - Buy 14172.6228
If Price comes down by 2%
CE Near strike price
Strike price - Sell 14406
Strike price - Buy 14694.12

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 14904.57 Strike price - Sell 14609.43
Strike price - Buy 15202.6614 Strike price - Buy 14317.2414
If Price comes down by 2%
CE Near strike price
Strike price - Sell 14406
Strike price - Buy 14694.12
 Options Adjustments Calcu
Enter details
Underlying Nifty Output
Spot Price 14900 Upper Breakeven 0
PE Strike price - Sell 14700 Lower Breakeven 14614
PE Strike price - Buy 14500 Max Loss 114
PE Premium - Sell 185 Max Profit 86
PE Premium - Buy 99
Net credit 86
Options Adjustments Calculator - PE : Same Expiry
Adjustments - If days to expiry > 2
If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 14906.28 Strike price - Sell 14321.72
Strike price - Buy 15204.4056 Strike price - Buy 14035.2856
If Price goes up by 2%
PE Near strike price
Strike price - Sell 14994
Strike price - Buy 14694.12

Adjustments - If days to expiry <=2

If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 14760.14 Strike price - Sell 14467.86
Strike price - Buy 15055.3428 Strike price - Buy 14178.5028
If Price goes up by 2%
PE Near strike price
Strike price - Sell 14994
Strike price - Buy 14694.12
 Options Adjustments Cal
Enter details
Underlying Nifty Output
Spot Price 14600 Level to watch 14375.8
CE Strike price - Sell 14900 Level to watch 14824.2
PE Strike price - Sell 14300 Max Loss 175.8
Further expiry CE Strike price - Buy 15000 Max Profit 5.4
Further expiry PE Strike price - Buy 14200
CE Premium - Sell 43
PE Premium - Sell 23.4
Further expiry CE Premium - Buy 81.2
Further expiry PE Premium - Buy 61
Net Credit -75.8
ons Adjustments Calculator - CE & PE : Different Expiry
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 15120.684 Strike price - Sell
Strike price - Buy No changes Strike price - Buy
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 14088.284 Strike price - Sell
Strike price - Buy No changes Strike price - Buy

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 14972.442 Strike price - Sell
Strike price - Buy No changes Strike price - Buy
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 14232.042 Strike price - Sell
Strike price - Buy No changes Strike price - Buy
Near strike price
14527.716
No changes

Near strike price

14663.316
No changes

Near strike price

14675.958
No changes

Near strike price

14519.558
No changes
 Options Adjustments Calcula
Enter details
Underlying Nifty Output
Spot Price 14500 Level to watch 14554.96
CE Strike price - Sell 14800 Level to watch 14852
Further expiry CE Strike price - Buy 15000 Max Loss 148
CE Premium - Sell 79 Max Profit 52
Further expiry CE Premium - Buy 27
Net credit 52
tions Adjustments Calculator - CE : Different Expiry
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 15149.04 Strike price - Sell 14554.96
Strike price - Buy No changes Strike price - Buy No changes
If Price comes down by 2%
CE Near strike price
Strike price - Sell 14504
Strike price - Buy No changes

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 15000.52 Strike price - Sell 14703.48
Strike price - Buy No changes Strike price - Buy No changes
If Price comes down by 2%
CE Near strike price
Strike price - Sell 14504
Strike price - Buy No changes
 Options Adjustments Calculator - P
Enter details
Underlying Nifty Output
Spot Price 15000 Level to watch 14403.795
PE Strike price - Sell 14800 Level to watch 14697.75
Further expiry PE Strike price - Buy 14600 Max Loss 97.75
PE Premium - Sell 207 Max Profit 102.25
Further expiry PE Premium - Buy 104.75
Net credit 102.25
tions Adjustments Calculator - PE : Different Expiry
Adjustments - If days to expiry > 2
If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 14991.705 Strike price - Sell 14403.795
Strike price - Buy No changes Strike price - Buy No changes
If Price goes up by 2%
PE Near strike price
Strike price - Sell 15096
Strike price - Buy No changes

Adjustments - If days to expiry <=2

If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 14844.7275 Strike price - Sell 14550.7725
Strike price - Buy No changes Strike price - Buy No changes
If Price goes up by 2%
PE Near strike price
Strike price - Sell 15096
Strike price - Buy No changes
 Options Adjustments Calcu
Enter details
Underlying Nifty Output
Ratio 2:1 Spot Price 14666 Lower Breakeven 14315.7
Sell - 2 CE Strike price - Sell 14900 Upper Breakeven 14984.3
Sell - 2 PE Strike price - Sell 14400 Max Loss Undefined
Buy - 1 CE Strike price - Buy 14700 Max Profit 182.3
Buy - 1 PE Strike price - Buy 14600
Sell - 2 CE Premium - Sell 72
Sell - 2 PE Premium - Sell 76
Buy - 1 CE Premium - Buy 113.7
Buy - 1 PE Premium - Buy 98
Net Credit 84.3

Net credit should always be made +ve.

Buy at current and further expiry will remain untouched.
ions Adjustments Calculator - CE & PE : Ratio spread
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 2 15209.0645 Strike price - Sell 2
Strike price - Buy 1 15513.24579 Strike price - Buy 2
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 2 14100.9645 Strike price - Sell 2
Strike price - Buy 1 13818.94521 Strike price - Buy 2

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 2 15134.143 Strike price - Sell 2
Strike price - Buy 1 15436.82586 Strike price - Buy 2
If lower breakeven is broken
PE Near strike price CE
Strike price - Sell 2 14172.543 Strike price - Sell 2
Strike price - Buy 1 13889.09214 Strike price - Buy 2
Near strike price
14759.5355
14464.34479

Near strike price

14530.4355
14821.04421

Near strike price

14834.457
14537.76786

Near strike price

14458.857
14748.03414
 Options Adjustments Calculator - C
Enter details
Underlying Nifty Output
Ratio 2:1 Spot Price 14500 Lower Breakeven 0
Sell - 2 CE Strike price - Sell 15000 Upper Breakeven 15237.2
Buy - 1 CE Strike price - Buy 14800 Max Loss Undefined
Sell - 2 CE Premium - Sell 64 Max Profit 237.2
Buy - 1 CE Premium - Buy 91
Net credit 37

Net credit should always be made +ve.

Buy at current and further expiry will remain untouched.
Options Adjustments Calculator - CE : Ratio spread
Adjustments - If days to expiry > 2
If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 2 15465.758 Strike price - Sell 2
Strike price - Buy 1 15775.07316 Strike price - Buy 2
If Price comes down by 2%
CE Near strike price
Strike price - Sell 2 14700
Strike price - Buy 2 14994

Adjustments - If days to expiry <=2

If upper breakeven is broken
CE Near strike price PE
Strike price - Sell 2 15389.572 Strike price - Sell 2
Strike price - Buy 1 15697.36344 Strike price - Buy 2
If Price comes down by 2%
CE Near strike price
Strike price - Sell 2 14700
Strike price - Buy 2 14994
Near strike price
15008.642
14708.46916

Near strike price

15084.828
14783.13144
 Options Adjustments Calculato
Enter details
Underlying Nifty Output
Ratio 2:1 Spot Price 15000 Upper Breakeven 0
Sell - 2 PE Strike price - Sell 14400 Lower Breakeven 14182.4
Buy - 1 PE Strike price - Buy 14600 Max Loss Undefined
Sell - 2 PE Premium - Sell 56 Max Profit 217.6
Buy - 1 PE Premium - Buy 88
Net credit 24

Net credit should always be made +ve.

Buy at current and further expiry will remain untouched.
Options Adjustments Calculator - PE : Ratio spread
Adjustments - If days to expiry > 2
If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 2 14395.136 Strike price - Sell 2 13969.664
Strike price - Buy 2 14683.03872 Strike price - Buy 1 13690.27072
If Price goes up by 2%
PE Near strike price
Strike price - Sell 2 14688
Strike price - Buy 2 14394.24

Adjustments - If days to expiry <=2

If Lower breakeven is broken
CE Near strike price PE Near strike price
Strike price - Sell 2 14324.224 Strike price - Sell 2 14040.576
Strike price - Buy 2 14610.70848 Strike price - Buy 1 13759.76448
If Price goes up by 2%
PE Near strike price
Strike price - Sell 2 14688
Strike price - Buy 2 14394.24
 Butterfly

I don't recommend butterfly in any situation. Instead of butterfly, Ratio spread, Diagonal spread
and Calender spread may be executed.
 Important
Adjustments in this calculator refers to closing old position and entering new position. After each adjustments, upda
Don't do adjustments more than 3 times.
Always try making credit spreads rather than debit spreads wherever possible.
Iron fly, Calendar spreads and Diagonal spreads are risky trades. Don't do much adjustments. Try to exit the trades e
You must have all the positions hedged all the time. For every Sell, there should be Buy.