Build option strategies and see the payoff before you trade
Start from an iron condor, a straddle or a spread, adjust strikes and expiry, and read the payoff, Greeks and margin in one place. When it looks right, place every leg in the accounts you choose.
Start from a template, not a blank sheet
Load a structure, then move strikes, add legs or change lots. Every change redraws the payoff.
- Buy call
- Buy put
- Sell call
- Sell put
- Bull call spread
- Bull put spread
- Bear put spread
- Bear call spread
- Call ratio backspread
- Long straddle
- Short straddle
- Long strangle
- Short strangle
- Iron condor
- Iron butterfly
- Calendar spread
- Covered call
- Protective put
- Collar
- Covered strangle
- Synthetic long
- Synthetic short
- Protected long future
- Capped long future
- Futures delta hedge
- Ratio spread with futures
Stock versions of the covered call, protective put and collar are included too.
Read the payoff, Greeks and risk
Everything you would otherwise work out in a spreadsheet, next to the legs that produce it.
- Payoff chart
- Profit and loss at expiry, the value today, and curves for any dates you add, so you see how time decay changes the shape.
- Target mover
- Drag a target price and a date and read the P&L at that point. A price-by-date table shows the same grid as numbers.
- Greeks per leg and net
- Delta, gamma, theta, vega, rho and implied volatility for each leg and for the whole position, per lot or for the lots you trade.
- The numbers that decide the trade
- Max profit, max loss, reward to risk, breakevens, net premium and estimated margin.
From payoff to placed orders
The builder is connected to your accounts, so there is no retyping legs into a broker app.
- Options, futures and stock in one strategy
- Covered calls, collars and futures hedges are built from the legs you actually hold or trade.
- Pick the expiry
- Switch between weekly and monthly expiries and the strikes, premiums and payoff update.
- Place every leg in several accounts
- When the payoff looks right, send all legs to the accounts you select in one go.
Works with your brokers
Connect any of the 10 supported brokers. Each account trades from its own static IP, as SEBI's API rules require.
Pocketful
Zerodha
Upstox
5paisa
Motilal Oswal
Tradejini
Groww
Dhan
Fyers
Alice BlueQuestions traders ask
Which option strategies are available as templates?
There are 29 templates, from single calls and puts to bull and bear spreads, straddles, strangles, iron condors, iron butterflies, calendar spreads, covered calls, collars, synthetics and futures hedges. You can edit any leg after loading a template.
Does the builder show Greeks?
Yes. Delta, gamma, theta, vega, rho and implied volatility for every leg, plus net Greeks for the whole strategy.
Can I combine options with futures or stock?
Yes. Legs can be options, futures or stock, which is how covered calls, protective puts, collars and futures delta hedges are built.
Can I place the strategy in more than one account?
Yes. Choose the accounts in the execution panel and every leg is placed in each of them.
How accurate is the payoff before expiry?
The expiry payoff is exact for the legs you entered. Values before expiry are estimates from an options pricing model and change with volatility, so treat them as a guide, not a promise.
Connect your first broker in about five minutes
Sign in, link an account, and place your first multi-account order. Pocketful users pay nothing.