How to use straddle mode in basket mode on FYERS?

How to use straddle mode in basket mode on FYERS?

Straddle Mode lets you create a Call + Put at the same strike in one tap. From the Options Chain, pick a strike and choose Add Buy or Add Sell—both legs are created automatically and added to your basket for quick review.

Use the order window to adjust quantities, prices, and product type, check Funds req / Funds avl / Net premium / Charges, then Execute or Save.

Explanation

  • Scope: FYERS App → Options Chain → basket mode.
  • Auto-creation: Selecting Add Buy or Add Sell at a strike creates both CE and PE legs for that strike instantly.
  • Immediate review: The complete straddle appears in your basket, ready to edit (Market/Limit, price, lots/amount, tag) before placing.
  • Execution: Once placed, the legs are sent to the exchange sequentially in an order that requires lower margin.

Steps

  1. Open Options Chain and turn on basket mode.
  2. Tap your desired strike, then choose Add Buy (long straddle) or Add Sell (short straddle).
  3. Tap the text below (for example, “2 legs added →”) to open the order window.
  4. Edit each leg if needed: set Market/Limit and Price (for Limit), adjust Lot (x…)/Amount, and add an Order tag.
  5. Select Overnight or Intraday for the basket.
  6. Review Funds req / Funds avl / Net premium / Charges.
  7. Execute to place the straddle or Save to keep it in your basket.

Tip: Choose actively traded strikes, set realistic limit prices, and review Funds req in the order window before placing.

Troubleshooting: If the straddle is not created, make sure basket mode is turned on and you tapped Add Buy or Add Sell on a strike. If a leg stays pending, move the Limit price closer or switch to Market. If funds are insufficient, add funds and review the footer again.

What If...

ScenarioWhat you can do
I picked the wrong strikeOpen the order window, delete both legs, and recreate the straddle at the correct strike.
I want a strangle insteadEdit each leg’s strike in the order window to shift the positions away from ATM and build a strangle.
One leg is pending or rejectedAdjust the Price or switch to Market. Check the rejection reason in Orders and retry.
Funds are insufficientTap Add funds, then confirm Funds req and Funds avl before placing the basket.
I want to execute laterSave the straddle to your basket and place it later when market conditions suit you.

Last updated: 23 Oct 2025