How to select OTM/ITM strikes based on spot chart
- To Select 1 Strike OTM from Spot Index for NIFTY BANK Call Option, you can use the following formula in ‘Strike Fx’ section of Position Builder:
- To Select 1 Strike ITM from Spot Index for NIFTY BANK Call Option, you can use the following formula in ‘Strike Fx’ section of Position Builder:
For Puts, the construction is exactly the opposite:
To Select 1 Strike OTM from Spot Index for NIFTY BANK Put Option, you can use the following formula in ‘Strike Fx’ section of Position Builder:
To Select 1 Strike ITM from Spot Index for NIFTY BANK Put Option, you can use the following formula in ‘Strike Fx’ section of Position Builder:
Updated on: 19/09/2022
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