Strategy Builder - Frequently Asked Questions

Question 1

Can I place multi-leg trades or strategies?

Accepted Answer

Yes! For example:

Use the Strategy Builder to build a spread (e.g., Bull Call Spread)

Use the Spread Ladder to monitor and execute complex positions with one-click execution

These tools are accessible from the sidebar or widget section.

Question 2

What is the Strategy Builder in OptionX?

Accepted Answer

The Strategy Builder is a visual tool that lets you create, analyze, and execute multi-leg option strategies — from simple Spreads to complex Condors. It comes with:

36+ prebuilt strategies

Live payoff charts

Greek analytics

One-click execution on the Spread Ladder

Perfect for both beginners and advanced traders.

Question 3

Where can I find the Strategy Builder?

Accepted Answer

Go to the Widgets section from the sidebar or top menu.

Click on Strategy Builder.

A default strategy screen will open where you can start building or load prebuilt ones.

Question 4

Can I choose my own expiry and instruments?

Accepted Answer

Yes. Once the builder opens:

Click on “Select Strategy”

Choose your index (e.g., NIFTY or BANKNIFTY) and expiry date

You can then load prebuilt strategies or create your own custom legs

Question 5

What kind of strategies are available?

Accepted Answer

OptionX includes 36+ prebuilt strategies, grouped into:

Bullish: Bull Call Spread, Synthetic Long

Bearish: Bear Put Spread, Short Call

Neutral: Iron Condor, Butterfly

Others: Custom spreads, Calendar, Ratio spreads

You can also modify or remove legs after selecting.

Question 6

Can I create my own strategy from scratch?

Accepted Answer

Absolutely. Instead of selecting a prebuilt template:

Click “Add Leg”

Choose Call/Put, Strike, Type (Buy/Sell), and Quantity

Use live data from the Option Chain

Every change updates the chart and Greek values instantly.

Question 7

How do I interpret the Payoff Chart?

Accepted Answer

The Payoff Chart shows:

Max Profit and Max Loss visually

Breakeven zones

P&L at expiry across underlying price levels

It helps you evaluate risk vs reward before placing a trade.

Question 8

What Greeks are shown in Optionx Strategy builder?

Accepted Answer

For each strategy and its legs, you’ll get:

Delta – Sensitivity to price

Gamma – Change in Delta

Theta – Time decay

Vega – Volatility sensitivity

Great for advanced users managing portfolio sensitivity.

Question 9

Can I save my strategy for future use?

Accepted Answer

Yes. To save:

Click Save As

Name your strategy (e.g., “Nifty Iron Condor – Earnings”)

Your saved strategy can be accessed later from the Saved Strategies section

📌 Tip: Saved strategies retain leg structure and expiry but auto-refresh prices.

Question 10

How do I place orders from the Strategy Builder?

Accepted Answer

Once ready:

Click on “Trade via Ladder”

It will take you to the Spread Ladder

Place all legs with a single click, or leg-by-leg as per your preference

✅ OptionX ensures all legs are correctly mapped to your chosen expiry and strike.

Question 11

Can I simulate strategies without placing live trades?

Accepted Answer

Yes! Enable Paper Trading Mode:

Build and save strategies

Analyze payoff and Greeks

Place and test strategy execution risk-free

This helps refine your approach before trading live.

Question 12

Does the builder update in real time?

Accepted Answer

Yes. It uses live option chain data, so:

Premiums, Greeks, and Payoffs adjust automatically

Helps in fast-paced markets like expiry days or during news events

Question 13

I’m not sure which strategy to choose. What do you recommend?

Accepted Answer

If you're just starting:

For Bullish view: Try Bull Call Spread

For Range-bound market: Try Iron Condor

Use Payoff and Greeks to compare

You can also attend our Strategy Workshops to learn live from experts.

Question 14

What is the Strategy Builder in OptionX?

Accepted Answer

The Strategy Builder helps you create, analyze, and trade multi-leg options strategies using real-time data and visuals — all in one place.

Question 15

Why should I use the Strategy Builder?

Accepted Answer

It simplifies complex options trading with:

36+ ready-made strategies

Live payoff charts and risk/reward visuals

Greeks (Delta, Gamma, Theta, Vega) analysis

Easy execution via Spread Ladder

Question 16

How do I open the Strategy Builder?

Accepted Answer

Go to the Widget section, then click on the Strategy Builder icon. A blank builder screen will appear.

Question 17

How do I select a strategy to work with?

Accepted Answer

Click “Select Strategy”, pick your Index (e.g., NIFTY), Expiry Date, and choose from 36+ prebuilt strategies (Bullish, Bearish, Neutral, etc.).

Question 18

Can I customize a strategy?

Accepted Answer

Yes! After loading a strategy, you can modify any leg — change strike prices, expiry, lot sizes, or even add/remove legs.

Question 19

What is the Payoff Chart?

Accepted Answer

The Payoff Chart shows how your profit or loss will look at different market prices on expiry. It helps you see max profit, max loss, and breakeven points clearly.

Question 20

What is the P&L Table in Strategy Builder?

Accepted Answer

It shows the exact profit or loss values at different prices, so you can understand how your strategy behaves in specific scenarios.

Question 21

What are Greeks and why should I care?

Accepted Answer

Greeks tell you how your strategy reacts to changes:

Delta = Price movement sensitivity

Theta = Time decay impact

Gamma = Delta change rate

Vega = Volatility sensitivity

These help you manage risk better.

Question 22

How can I save my custom strategy?

Accepted Answer

Yes! Click “Save As”, give it a name, and access it later anytime.

Question 23

How do I trade my strategy after building it?

Accepted Answer

Click “Open Ladder” — this takes you to the Spread Ladder, where you can execute your full strategy in just one click.

Question 24

Can beginners use Strategy Builder tool easily?

Accepted Answer

Absolutely. The interface is clean and visual — it’s built for both newcomers and pro traders. You can use prebuilt strategies in OptionX.

Question 25

What is a Buy Call strategy and when should I use it?

Accepted Answer

A Buy Call is the simplest bullish strategy where you purchase a call option. You make money when the stock price goes above the strike price plus the premium you paid. Use this when you expect the stock to rise significantly. Your maximum loss is limited to the premium paid, but potential profit is unlimited as the stock can keep rising.

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