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Live Pulse Spread Prices

The Pulse sheet shows live prices of 1:3:3:1 call and put spreads: four legs of one option type at four evenly spaced strikes. Each row is a strike, each column is the spacing between legs, and every cell is priced from live bid and ask.

ShowsNet credit or debit of 1:3:3:1 call and put spreads
GridRows = strike K (the "sell 3" leg), columns = leg spacing W in points (e.g. 50 to 300 on NIFTY by default)
PricingLive bid and ask of all four legs; buy and sell values
InstrumentsNIFTY, BANKNIFTY, SENSEX, FINNIFTY, MIDCPNIFTY, BANKEX; current and next NIFTY and SENSEX expiries
UpdatesStreams live during market hours
Open itquintalmind.com/sheets

What a cell means​

A cell at strike K and width W is:

CALL PULSE (1:3:3:1)

  • Buy 1 call at K − W
  • Sell 3 calls at K
  • Buy 3 calls at K + W
  • Sell 1 call at K + 2W

PUT PULSE (1:3:3:1) (the mirror image)

  • Buy 1 put at K + W
  • Sell 3 puts at K
  • Buy 3 puts at K − W
  • Sell 1 put at K − 2W

For the call table the values are:

  • Buy value = 3 × bid(K) + 1 × bid(K + 2W) − 1 × ask(K − W) − 3 × ask(K + W)
  • Sell value (all four legs reversed) = 1 × bid(K − W) + 3 × bid(K + W) − 3 × ask(K) − 1 × ask(K + 2W)

The put table uses the same formula on the mirrored put strikes. Both columns are money received minus money paid: a positive number is a net credit and a negative number is a net debit. A dash means one of the four strikes has no usable price.

Example (illustrative): with W = 100 and K = 24000 on NIFTY, the call legs are Buy 1 at 23900, Sell 3 at 24000, Buy 3 at 24100 and Sell 1 at 24200.

Try it1:3:3:1 pulseIllustrative NIFTY strikes, gap 50
Table
  1. Buy 123900CE
  2. Sell 324000CE
  3. Buy 324100CE
  4. Sell 124200CE
23900240002410024200

Value of these legs at expiry across spot prices, in points, before premiums. It shows the shape of the structure only; the live sheet shows the actual net price.

How to use it​

  1. Sign in with your broker and open Sheets, then pick a symbol in the left panel.
  2. Find the PULSE · 1:3:3:1 strip. Click it to open or close the sheet.
  3. Use the Range: steppers to set the smallest and largest width column.
  4. Use the ↑ and ↓ arrows on each table to move the strike window up or down.
  5. Click a cell to see its four legs, Margin, Qty / 1 Cr and Charges (RT) (round-trip charges). From there you can Create Alert or Show Chart for an intraday chart of that spread.
  6. Double-click a cell to mark it.
  7. Choose Buy, Sell or Buy + Sell columns for this sheet in Profile → Sheet layout.
Broker basket

If you signed in with Zerodha, Alice Blue or FYERS, the leg popup also shows Buy and Sell buttons that open the legs as a basket on your broker's own page. Quintal Mind does not place the order.

A Pulse sheet is also available for MCX commodities. See MCX option sheets.

FAQ​

Where can I see live Nifty pulse spread prices?​

On the Quintal Mind Sheets page, in the PULSE section. It has a call pulse table and a put pulse table, with one row per strike and one column per width.

What is a 1:3:3:1 pulse spread?​

Four legs of the same option type at four evenly spaced strikes: buy 1, sell 3, buy 3, sell 1. On calls the legs go up from K minus W to K plus 2W.

How do I read the pulse buy and sell values?​

Both show money received minus money paid, from live bid and ask. A positive value is a net credit and a negative value is a net debit.

Quintal Mind shows market data and analytics for information only. Nothing here is investment advice, and Quintal Mind does not place orders.

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