Option strategy screener: find strategies that fit your view of NIFTY
Say where you think the index will be and by when, set what you can afford to lose, and see every strategy on today's chain that makes money across that view.
Start from a view, not a strategy name
The Strategy Screener tab begins with a question: where will the index be? Between two levels, above one, or below one, by a date you pick from the trading days up to expiry. The search then tries each option strategy shape across the strikes around the money and keeps only the trades that make money at every level inside your view on that date. A straddle that pays at one end of your range and loses at the other is not listed. Results are priced on the chain at the moment you press Find strategies, and they say the spot and time they were priced at; they are not quietly re-run as prices move.
Then add your limits
- Risk up to. The most the trade may lose, in rupees, for one lot.
- Chance of profit at least. A floor on the model's estimated chance of profit.
- Credit or debit. Trades that pay you to open, trades you pay for, or either.
- Capped loss only. Leaves out anything whose loss is not limited.
- Strategies to include. Every shape is on to start, grouped by family, and any can be switched off.
The results can be sorted by return on capital, chance of profit, smallest maximum loss or largest credit. Each row gives the strikes, the credit or debit, the maximum loss, the chance of profit and the capital it ties up, with its breakevens and a payoff preview. Uncapped losses are flagged. Any row opens in the strategy builder, or in the Ready-made tab to compare it at other strikes.
Ready-made strategies on today's chain
The Ready-made tab lists the Builder's 32 ready-made strategies by family, from bullish and bearish spreads to neutral and volatile structures, ratio spreads and strategies built on a future, plus calendar and diagonal time spreads. Pick one and it is laid out on the current chain for one lot: the legs and their prices, a payoff chart, and six figures: maximum profit, maximum loss, breakeven, net premium, estimated margin and chance of profit. Each leg's strike and lots can be stepped up or down, a two-leg spread's width can be changed, and the expiry can be switched, with every figure following the edit.
The same strategy at other strikes
Under a ready-made strategy, the Other strikes table shows it again at nearby strikes or widths, on the same expiry, one row each: net premium, maximum profit, maximum loss, breakeven, chance of profit and reward to risk. Two rows carry factual tags, the highest chance of profit and the highest reward to risk. Nothing is ranked as best. Pick a row and the legs, figures and chart above switch to it.
Time spreads, and the Learn tab
Calendar and diagonal spreads sell a near expiry and hold a later one, so their figures are valued on the near expiry, with the far leg priced at its own implied volatility held at today's level, and the page says those figures are estimates. It shows the implied volatility of both expiries, how the gap between them has moved session by session, and the scheduled events before the near expiry. The Learn tab explains every strategy in the list: the market view, the trade, breakeven, maximum profit and loss, the effect of time and of volatility, pros and cons, with a live example on the chain. Arbitrage structures are explained there but not offered as trades: the gap they lock has already gone on a price 15 minutes old.
Inside the Builder: the Strategy Finder
The Builder has its own search in its strategy library. Set a minimum chance of profit and a maximum risk, choose the strategy families (the defined-risk credit families are on to start), and run it on the loaded chain. Results are ranked by return on margin with the chance of profit as a floor, not the rank, and any one loads straight into the legs.
What a screener cannot tell you
A screener lists trades that fit the view you typed. It does not know whether the view is right. Chance of profit is a model estimate from implied volatility, prices are 15 minutes behind the market, and margin is an estimate; your broker's figure is the one that applies. Stock options settle by delivery, and the page says so on any stock strategy. A list sorted by return is a list of trade-offs, not recommendations.
Strategy screener questions
What does an option strategy screener do?
It searches many strategy shapes and strikes at once and lists those that meet your conditions. On EzyOptions you state where you think the index will be and by when, add limits such as maximum loss and minimum chance of profit, and see every trade on the current chain that makes money across that view.
Can I compare the same strategy at different strikes?
Yes. Each ready-made strategy has an Other strikes table showing it at nearby strikes or widths on the same expiry, with net premium, maximum profit and loss, breakeven, chance of profit and reward to risk side by side.
Does the screener recommend trades?
No. It filters and sorts by figures you choose. Tags such as highest chance of profit are factual labels, not advice, and every figure is a model estimate on 15-minute delayed NSE prices.
Are calendar spreads included?
Yes. Calendar and diagonal time spreads are in the list, priced across two expiries, with the implied volatility of each expiry and the events before the near one shown alongside.
Related tools and guides
Educational analytics only: not investment advice. You are responsible for your own trading decisions.