The Strategy Builder — build multi-leg option strategies
Build, visualise and deploy multi-leg option strategies like straddles, strangles and spreads on Nifty Paper Trade. Here's how.
The Strategy Builder lets you construct multi-leg option strategies — combining calls and puts across strikes — then see the payoff and deploy all legs at once, instead of placing each trade by hand.
How to build a strategy
- Open Strategies → Strategy Builder.
- Add legs — Buy/Sell, Call/Put, choose strikes and lots.
- See the combined payoff diagram (max profit, max loss, breakevens).
- Deploy — every leg is placed together and tracked as a group in Positions.
Prebuilt strategies
Start from ready-made templates and tweak them:
- Long straddle — profit from a big move either way
- Long strangle — cheaper big-move bet
- Iron condor — profit from a range
- Bull call spread — defined-risk bullish bet
FAQ
What is a multi-leg strategy?
A trade combining two or more options (legs) to shape risk/reward — e.g. a straddle buys a call and a put at the same strike.
Can I see profit/loss before I trade?
Yes — the payoff diagram shows max profit, max loss and breakevens before you deploy.
Can I backtest a strategy?
Yes — see what is backtesting and the Backtest tool.