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See the Payoff Before You Trade

To see what an option position looks like before you trade it, open the Payoff Terminal: add legs from a live chain and it shows the payoff at expiry, the value before expiry, breakevens, max profit and loss, basket margin and Greeks. A combo butterfly on the sheets opens there directly with Open in Payoff.

ToolsPayoff terminal, Combo butterfly (Open in Payoff), Working with cells (broker basket)
InstrumentsIndex options from the Equity list (such as NIFTY, BANKNIFTY, SENSEX); MCX options and futures
When it updatesLive during market hours; outside the session it shows cached or last close prices with a timestamp
Open itquintalmind.com/payoff

Steps​

  1. Sign in with your broker and open the Payoff Terminal, or go to Analysis.
  2. Pick a symbol from the dropdown at the top (Equity or MCX) and choose an expiry tab.
  3. Click B or S on a strike, set the lots and click Add. B adds a buy at the ask; S adds a sell at the bid.
  4. Repeat for each leg, reading the metrics strip and the chart as you go.
  5. Drag Valuation date to see the position before expiry.
  6. Click Save, enter a name and save it. Open it later from Portfolios.
  7. To start from a combo butterfly instead, click its cell on the sheets and choose Open in Payoff. Its six legs open in a new tab.

What to look at​

  • Max Profit and Max Loss, shown as Unlimited when there is no cap.
  • Breakeven or Breakevens: the spot levels where the payoff crosses zero.
  • Net Premium, marked as credit or debit.
  • Margin (basket): the exchange margin for all open lots together, so a hedge's margin benefit is included.
  • The two lines. The payoff curve is the position at expiry; the blue line is its value before expiry with time value included, on the date set by Valuation date.
  • Greeks for the whole position. Delta (₹ per point), Gamma, Theta (₹ per day), Decay (to next day) and Vega (₹ per 1% IV).
  • Saved strategies. A strategy in Portfolios is only a stored set of legs. It is not priced, tracked or marked to market while it sits in the list.

Placing the trade​

Quintal Mind does not place orders. If you signed in with Zerodha, Alice Blue or FYERS, the cell popup on the sheets shows one Buy and one Sell button. They open the legs as a basket on your broker's own page, where you check them and place the order. With other sign-ins the buttons do not appear.

FAQ​

How can I see the payoff of a Nifty option strategy before I trade?​

Open the Quintal Mind Payoff Terminal, click B or S on strikes in the live chain to add legs, and read the payoff chart, breakevens, max profit, max loss, basket margin and Greeks as you build.

Can I open a combo butterfly from the sheets in the payoff chart?​

Yes. Click a combo butterfly cell on the sheets and choose Open in Payoff. Its six legs open in the Payoff Terminal in a new tab.

Does Quintal Mind place the order after I build a strategy?​

No. Quintal Mind does not place orders. If you signed in with Zerodha, Alice Blue or FYERS, the Buy and Sell buttons in a sheet cell popup open the legs as a basket on your broker's own page, where you review and place the order yourself.

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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