How to use the Straddle and Greeks tabs in FYERS Options Chain?

How to use the Straddle and Greeks tabs in FYERS Options Chain?

The Straddle and Greeks tabs in FYERS provide deeper insights into option pricing and strategy setup. These tools help traders evaluate combined positions and sensitivity metrics like Delta or Theta, enabling smarter, data-driven decisions.

Using the Straddle tab

The Straddle tab combines key metrics for both the Call (CE) and Put (PE) of the same strike into a single row, allowing quick assessment of:

  • Combined LTP: Sum of LTP for both CE and PE
  • Total Volume: Total traded volume for both sides
  • Total OI: Combined open interest for the strike
  • Max Pain row highlight: Easily identify the strike with maximum pain (if enabled)

Why use it?
Perfect for expiry trades, neutral strategies, or range-based setups like long/short straddles.

Using the Greeks tab

The Greeks tab offers live option greeks data for each strike and side, including:

  • Delta: Rate of change of option price relative to the underlying
  • Gamma: Change rate of Delta
  • Theta: Daily time decay of option value
  • Vega: Sensitivity of price to implied volatility

How it helps:
Ideal for risk-adjusted strategy planning like delta hedging, credit spreads, or iron condors.

Enabling the Greeks or Straddle view

  • Click on the Straddle or Greeks tab in the Options Chain interface.
  • Ensure that the Bid/Ask toggle is enabled—some data depends on it for accuracy.
  • You can return to Price or Custom tabs any time.
Use the Greeks tab when planning multi-leg strategies or adjusting delta exposure. Use Straddle when comparing combined cost and OI for same-strike positions.

What If Scenarios

SituationAction
Data missing in Greeks tabEnsure the Bid/Ask toggle is ON to activate calculations
Not seeing any combined dataConfirm you're in the Straddle tab, not Price or Custom
Greeks values look staticRefresh or hover to see updated feed (real-time with live market)
Unsure which strategy fitsUse these tabs for analysis only; strategy setup is done separately

Last updated: 15 Jun 2025


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