Yes. FYERS allows you to create your own custom options strategy using Options Strategy Builder. This gives you complete flexibility to design strategies based on your market view instead of relying only on predefined strategies.
Custom strategies are useful when you want full control over strike selection, expiry, buy or sell side, number of lots, and the overall structure of the strategy.
To create a custom strategy, go to Options and open Strategy Builder. Click on Create Strategy to enter the strategy creation screen.
Start by selecting an underlying, such as an index or stock, for which options are available. You can then add option legs using the options chain. For each leg, you can choose the option type (Call or Put), strike price, expiry, buy or sell side, and lot quantity.
Each leg you add is displayed together in the strategy view. This makes it easy to see how the strategy is structured and allows you to modify or remove legs before proceeding.
You can add multiple legs to build spreads, combinations, or even a single-leg strategy, depending on your trading plan.
Once the legs are added, Options Strategy Builder automatically shows a complete analysis of the strategy. This includes the payoff chart, maximum profit, maximum loss, breakeven point, probability of profit, margin required, and applicable charges.
You can also switch between different tabs to view profit and loss details, Greeks, strategy charts, and open interest data. This helps you understand the risk and potential outcome of the strategy before placing it.
After reviewing the strategy, you can place it by clicking Execute. A confirmation window appears, and once confirmed, all the legs in the strategy are placed together.
The orders are executed in a sequence that requires the lowest margin. This helps reduce the chances of margin shortfall and removes the need to place each leg separately.
After execution, you can track the strategy orders from the Positions and Orders sections.
If you want the strategy to execute based on predefined rules, you can convert it into an automated strategy. This allows you to define required conditions such as price, time, target, or stop-loss.
The strategy will execute automatically only when the defined conditions are met.
You can create and manage custom options strategies on both FYERS Web and FYERS App using Options Strategy Builder.
Last updated: 01 Jan 2026