About the Summary Table
Strategies Workbook 1. This table captures the input data requ
Information Regarding This Workbook
1. This workbook contains individual worksheets for each of the six strategies
discussed in 'The Ultimate Options Trading Strategy Guide For Beginners'.
2. The worksheets can be used for paper-trading or for checking the various
statistics such as potential P/L, overall risk and break-even points before
entering any trade position.
3. Individual tabs below provide access to individual worksheets
corresponding to each strategy.
4.Each worksheet contains a Summary Table, a P/L Payoff Chart Data Table, a
P/L Payoff Chart and a Tracking Table. Details pertaining to each of these are
provided on the right.
tabulations such as strike-prices, lot size a
premiums paid/received.
2. Input fields to be filled are marked in gr
and are pre-filled with placeholders (value
correspond to the trades used in the case
studies) - these need to be substituted
accordingly.
3. Output data calculated are - max profit,
loss, break-even points and the conditions
meeting them.
3. Comments are provided against each in
field for guidance.
About the P/L Payoff Chart Da
1. This chart uses the summary table as re
and calculates the P/L against various expi
prices of the underlying.
2. The Expiry prices have been chosen to c
range a values both inside and outside a s
(for Spread based strategies, and a select
of stikes away from the stike-prices for
staddle/strangle.
About the Summary Table
ble captures the input data required for
s such as strike-prices, lot size and the
paid/received.
elds to be filled are marked in green
e-filled with placeholders (values
d to the trades used in the case
hese need to be substituted
y.
data calculated are - max profit, max
-even points and the conditions for
hem.
nts are provided against each input
uidance.
ut the P/L Payoff Chart Data
rt uses the summary table as reference
ates the P/L against various expiry
he underlying.
iry prices have been chosen to cover a
lues both inside and outside a spread
d based strategies, and a select number
way from the stike-prices for
rangle.
About the Tracking Table
1. This table can be used for calculating the
profit/loss at the time of expiry for any given
expiry price of the underlying.
Colour Coding used in data
2. The 'Estimated Price at Expiry' needs to be
provided as input and the other necessary cells of Worksheets
information will be taken from the Summart Optional Inputs for
Table. referencing
3. The 'Entry Date', 'Exit Date', and 'Stock Price at Mandatory inputs for
Entry' are not used in the P/L calculations but will various tabulations
be useful for referencing.
About the P/L Payoff Chart
1. The P/L Payoff Chart is auto-populated based
on the information in the P/L Payoff Chart and
requires no manual intervention.
For any issues or concerns regarding
this workbook, drop an email to
info@rojiabraham.com
 Bull Pu

Summary Table
Stock or Index Traded Nifty 50
Lot size for option 75
Option 1 Strike Price 10,650.00
( Higher-strike OTM Put : Sell) Premium Received 110.70

Option 2 Strike Price 10,600.00

(Lower-strike OTM Put : Buy) Premium Paid 91.10
Difference Between any 2 Consecutive Strikes-prices 50.00
Potential Max Profit 1,470.00
Potential Max Loss -2,280.00

Condition for meeting max profit Stock/Index price at expiry >= 10,650

Condition for meeting max loss Stock/Index price at expiry <= 10,600

Break-even Stock/Index Price at expiry = 10,630

Profit/Loss Payoff Chart Data

Total Trading
Expiry Price Price Point P/L Entry Date Exit Date Days

10,550 Exp Price 1 -2,280

27-Apr 27-Apr 1
10,600 Exp Price 2 -2,280
10625 Exp Price 3 -405
10,650 Exp Price 4 1,470 Optional Inputs only needed for referencing
10,700 Exp Price 5 1,470 Mandatory inputs for various calculations
 Bull Put Spread Worksheet

Bull Put Spread

Profit/Loss Payoff Chart
2,000

1,500

1,000

Pr 500
o
fit 0
/L Exp Price 1 Exp Price 2 Exp Price 3 Exp Price 4 Exp Price 5
os -500 10,550 10,600 10,625 10,650 10,700
Stock/Index
s
Price at Expiry
-1,000

-1,500

-2,000

-2,500

Tracking Table

Underlying Price at Total Cost Price per

Options Traded Lot size Strike-Price Option Buy Price
entry Lot

Nifty 50 10650 Put 10,650 0.00 0

10,747.00 75
Nifty 50 10600 Put 10,600 91.10 6,832.50

only needed for referencing

s for various calculations
Exp Price 5
10,700

Estimated
Total Sell Price P/L Individual Underlying
Option Sell Price price Overall P/L
per Lot Legs
at expiry

110.70 8,302.50 8,302.50

10,900.00 1,470
0.00 0.00 -6,832.50
 Bear Call Spre

Summary Table
Stock or Index Traded Nifty
Lot size for each option 75
Option 1 Strike Price 9700.00
Lower-strike Call Option : Sell Premium Received 46.00
Option 2 Strike Price 9900.00
Higher-strike Call Option : Buy Premium Paid 9.80
Difference Between any 2 Consecutive Strikes-prices 50.00
Max Profit ₹ 2,715
Max Loss ₹ -12,285

Condition for maximum profit Stock/Index price at time of expiry < 9700

Condition for maximum loss Stock/Index price at time of expiry > 9900

Break-even Stock/Index at time of Expiry = 9,736.20

P/L Payoff Chart Data

Total Trading
Expiry Price Price Point P/L Entry Date Exit Date Days

9,650 Exp Price 1 2,715

17-Apr 6-May 15
9,700 Exp Price 2 2,715
9,800 Exp Price 5 -4,785
9,900 Exp Price 6 -12,285 Optional Inputs only needed for referencing
9,950 Exp Price 7 -12,285 Mandatory inputs for various tabulations
 Bear Call Spread Worksheet

The Bear Call Spread

Profit/Loss Payoff Chart
4,000

2,000

0
Exp Price 1 Exp Price 2 Exp Price 5 Exp Price 6 Exp
-2,000 9,650 9,700 9,800 9,900 9
Profit/Lo

-4,000
ss

-6,000 Stock/ Index at Ex

-8,000

-10,000

-12,000

-14,000

Tracking Table

Underlying Price at Total Cost Price per

Options Traded Lot size Strike Price Option Buy Price
entry Lot

Nifty 9700 Call 9,700 50.00 3750

9,500.00 75
Nifty 9900 Call 9,900 9.80 735

nly needed for referencing

s for various tabulations
 Spread
off Chart

Exp Price 6 Exp Price 7

9,900 9,950

Stock/ Index at Expiry

Estimated
Total Sell Price P/L Individual
Option Sell Price Underlying price Overall P/L
per Lot Legs at expiry

46.00 3,450.00 -300.00

9,750.00 -1,035
0 0.00 -735.00
 Iron Cond

Summary Table
Stock or Index Traded Nifty
Lot size for each option 75
Option 1 Strike Price 10,000.00
Lower-strike Put Option - Buy Premium Paid 13.30
Strike Price 11,000.00
Option 2
Higher-strike Put Option - Sell Premium Received 358.00

Option 3 Strike Price 11,000.00

Lower-strike Call Option - Sell Premium Received 19.90
Option 4 Strike Price 10,000.00
Higher-strike Call Option - Buy Premium Paid 121.60
Difference Between any 2 Consecutive Strikes-prices 50.00
Max Profit ₹ 18,225
Max Loss ₹ -56,775

Stock price at expiry lies between Strike-Prices of Option

Condition for meeting max profit 2 and Option 3

Stock Price at expiry > Strike-price of Option4

Condition for meeting max loss -OR-
Stock Price at expiry < Strike-price of Option 1

Upper Break-even Price at Expiry Stock/Index at time of expiry = 11,243.00

Lower Break-even Price at Expiry Stock/Index at time of expiry = 10,757.00

P/L Payoff Chart Data

Expiry Price Price Point P/L Entry Date Exit Date Total Trading Days

9,950 Exp Price 1 -56,775

10,000 Exp Price 2 -56,775
17-Apr 6-May 15
11,000 Exp Price 3 93,225
11,000 Exp Price 4 93,225
11,000 Exp Price 5 93,225
10,000 Exp Price 6 -56,775 Optional Inputs only needed for referencing
10,050 Exp Price 7 -49,275 Mandatory inputs for various tabulations
 Iron Condor Worksheet

Iron Condor
Profit/Loss Payoff Chart

120,000

100,000

80,000

60,000
Profit/Loss

40,000

20,000

0
Exp Price 1 Exp Price 2 Exp Price 3 Exp Price 4 Exp Price 5 Exp
-20,000 9,950 10,000 11,000 11,000 11,000 1

-40,000

-60,000

-80,000

Tracking Table

Underlying Price Total Cost Price per

Options Traded Lot size Strike Price Option Buy Price
at entry Lot

Nifty 10000 Put 10,000 13.30 997.50

Nifty 11000 Put 11,000 2,350.00 176,250
8,800.00 75
Nifty 11000 Call 11,000 0.00 0
Nifty 10000 Call 10,000 121.60 9,120.00

needed for referencing

various tabulations
or
ff Chart

Stock/ Index
at Expiry
Exp Price 4 Exp Price 5 Exp Price 6 Exp Price 7
11,000 11,000 10,000 10,050

Estimated
Total Sell Price P/L Individual Underlying
Option Sell Price price Overall P/L
per Lot Legs at expiry

1,350.00 101,250.00 100,252.50

358.00 26,850.00 -149,400.00
8,650.00 -56,775
19.90 1,492.50 1,492.50
0 0.00 -9,120.00
 Bull Call Spread Wor

Summary Table
Stock or Index Traded Tech M
Lot size for each option 1100
Option 1 Strike Price 400.00
Lower-strike Call Option : Buy Premium Paid 7.45
Strike Price 440.00
Option 2
Higher-strike Call Option : Sell Premium Received 1.60

Difference Between any 2 Consecutive Strikes-prices 10.00

Max Profit 37,565.00

Max Loss 6,435.00

Stock price at time of expiry > Strike Price of

Condition for maximum profit Higher-Strike Call option

Stock Price at time of expiry < Strike Price of

Condition for maximum loss Lower-strike call option

Break-even Price at Expiry Stock Price at expiry = ₹ 405.85

P/L Payoff Chart Data

Total Trading
Expiry Price Price Point P/L Entry Date Exit Date Days

390 Exp Price 1 -6,435

30-May 6-Jun 6
400 Exp Price 2 -6,435
420 Exp Price 3 15,565
440 Exp Price 4 37,565 Optional Inputs only needed for referencing
450 Exp Price 5 37,565 Mandatory inputs for various tabulations
ull Call Spread Worksheet

Bull Call Spread

Profit/Loss Payoff Chart
40,000

35,000

30,000

25,000

20,000

15,000
Profit/Loss

10,000

5,000

0
Exp Price 1 Exp Price 2 Exp Price 3 Exp Price 4 Exp P
-5,000 390 400 420 440 4

-10,000

Tracking Table

Option Buy Total Cost Price per

Underlying Price at entry Options Traded Lot size Strike Price Price Lot

Tech M 400 Call 400 7.45 8,195.00

383.00 1,100
Tech M 440 Call 440 0.00 0

nly needed for referencing

s for various tabulations
art

Stock/ Index at Expiry

Exp Price 4 Exp Price 5
440 450

Estimated
Option Sell Price Totalper
Sell Price P/L Individual Underlying price Overall P/L
Lot Legs at expiry

10.00 11,000.00 2,805.00

410.00 4,565
1.60 1,760.00 1,760.00
 Bear Put Spread Work

Summary Table
Stock or Index Traded Nifty
Lot size for each option 75
Option 1 Strike Price 9450
Higher-strike Put Option - Buy Premium Paid 40.75
Strike Price 9300
Option 2
Lower-strike Put Option - Sell Premium Received 13.00

Difference Between any 2 Consecutive Strikes-prices 50.00

Max Profit 9,169
Max Loss 2,081

Stock price at time of expiry < Strike Price of

Condition for maximum profit lower-Strike put option

Stock Price at time of expiry > Strike Price of

Condition for maximum loss higher-strike put option

Break-even Stock Price at expiry = ₹ 9,422.25

P/L Payoff Chart Data

Total Trading
Expiry Price Price Point P/L Entry Date Exit Date Days

9,250 Exp Price 1 9,169

18-May 19-May 2
9,300 Exp Price 2 9,169
9,375 Exp Price 3 3,544
9,450 Exp Price 4 -2,081 Optional Inputs on for referencing
9,500 Exp Price 5 -2,081 Mandatory inputs for various tabulations
r Put Spread Worksheet

Bear Put Spread

Profit/Loss Payoff Chart
10,000

8,000

6,000

4,000

2,000
Profit/Loss

0
Exp Price 1 Exp Price 2 Exp Price 3 Exp Price 4
9,250 9,300 9,375 9,450
-2,000

-4,000

Tracking Table
Underlying Price at Option Buy Price Total Cost Price per
Options Traded Lot size Strike Price
entry Lot

Nifty 9450 Put 9,450 40.75 3,056

9,460.00 75
Nifty 9300 Put 9,300 0.00 0.00

n for referencing
s for various tabulations
ead
ff Chart

Stock/ Index at Expiry

e3 Exp Price 4 Exp Price 5

9,450 9,500

Total Sell Price P/L Individual Estimated Underlying

Option Sell Price Overall P/L
per Lot Legs price at expiry

0.00 0.00 -3,056.25

9,800.00 -2,081
13.00 975.00 975.00
 Straddle/Strangl

Summary Table
Stock or Index Traded Nifty
Lot size for each option 75
Option 1 Strike Price 10650
ATM Call Option - Buy Premium Paid 133.00
Option 2 Strike Price 10650
ATM Put Option - Buy Premium Paid 110.70
Difference Between 2 Consecutive Strikes 50
Max Profit No Limit
Max Loss 18,278
Condition for maximum profit No Upper Limit for Profits

For Straddle:
Stock Price at expiry = Strike Price of Options
Condition for maximum loss
For Strangle:
Stock Price at expiry lies between Strike Prices
of Option 1 & Option 2

Upper Stock price at Expiry = 10,893.70

Break-even Points
Lower Stock price at Expiry = 10,406.30

Profit/Loss Payoff Chart Data

Total Trading
Expiry Price Price Point P/L Entry Date Exit Date Days

10,350 Exp Price 1 4,223

18-Feb 18-Feb 1
10,400 Exp Price 2 473
10,450 Exp Price 3 -3,278
10,500 Exp Price 4 -7,028 Optional Inputs on for referencing
10,550 Exp Price 5 -10,778 Mandatory inputs for various tabulations
10,600 Exp Price 6 -14,528
10,650 Exp Price 7 -18,278
Total Trading
-14,528 Entry Date Exit Date Days
10,700 Exp Price 8
10,750 Exp Price 9 -10,778
18-Feb 18-Feb 1
10,800 Exp Price 10 -7,028
10,850 Exp Price 11 -3,278
10,900 Exp Price 12 473

10,950 Exp Price 13 4,223

11,000 Exp Price 14 7,973

Before Using this Sheet, read the details instructions first.

 Straddle/Strangle - Worksheet

Strangle/Straddle
Profit/Loss Payoff Chart
10,000

5,000
Profit/Loss

0
Exp Price 1 Exp Price 2 Exp Price 3 Exp Price 4 Exp Price 5 Exp Price 6 Exp Price 7 Exp Price 8 Exp Price

-5,000 10,350 10,400 10,450 10,500 10,550 10,600 10,650 10,700 10,750

-10,000

-15,000

-20,000

Tracking Table

Underlying Price at Option Buy Price Total Cost Price per

Options Traded Lot size Strike Price
entry Lot

Nifty 10650 Call 10,650 133.00 9,975

10,680.00 75
Nifty 10650 Put 10,650 110.70 8,302.50

on for referencing
ts for various tabulations

Execution Table
Underlying Price at Option Buy Price Total Cost Price per
Options Traded Lot size Strike Price
entry Lot

Nifty 10650 Call 10,650 121.60 9,120

10,680.00 75
Nifty 10650 Put 10,650 118.10 8,857.50
art

Exp Price 7 Exp Price 8 Exp Price 9 Exp Price Exp Price Exp Price Exp Price Exp Price
10 11 12 13 14
10,650 10,700 10,750 10,800 10,850 10,900 10,950 11,000

Index Price
at Expiry

Total Sell Price P/L Individual Estimated Underlying

Option Sell Price Overall P/L
per Lot Legs price at expiry

0.00 0.00 -9,975.00

10,500.00 -7,028
150.00 11,250.00 2,947.50

Total Sell Price P/L Individual Estimated Underlying

Option Sell Price Overall P/L
per Lot Legs price at expiry

121.60 9,120.00 0.00

10,500.00 443
124.00 9,300.00 442.50