What is combined charts in strategy builder, how is the value calculated and how to use?

What is combined charts in strategy builder, how is the value calculated and how to use?

The Combined Premium Chart in Strategy Builder helps you track the live net premium movement of your entire multi-leg options strategy in one place. Instead of monitoring each option leg separately, you can view a single combined chart that reflects how the strategy premium is changing over time.

This is useful when you build strategies such as spreads, straddles, strangles, or iron condors, where multiple option contracts together form one position idea. The chart gives you a strategy-level view rather than a leg-by-leg view.

What is the Combined Premium Chart?

The Combined Premium Chart is available inside the Payoff section of Strategy Builder. It plots the net premium value of all selected option legs together as a single chart line.

In simple terms, if your strategy has multiple buy and sell legs across different strikes, the chart combines their premium values into one view so you can understand how the overall strategy is moving without checking each leg separately.

How is the chart value calculated?

The combined premium value is derived from the live premium of each leg included in the strategy. Conceptually, the strategy adds the premium impact of buy legs and subtracts the premium impact of sell legs to arrive at a net combined value.

A simplified representation is:

Combined Premium = Sum of premium contribution from all legs in the strategy

This means:

  • Each option leg contributes its current premium value.
  • Buy legs increase the combined value contribution.
  • Sell legs reduce the combined value contribution.
  • The chart updates as the premium of the individual legs changes during market hours.

For example, if you build an iron condor with four legs, the Combined Premium Chart reflects the net premium movement of all four legs together instead of displaying them as separate instruments.

How to access it?

You can access the Combined Premium Chart from FYERS Web through Strategy Builder.

  • Go to Options.
  • Open Strategy Builder.
  • Create or load a multi-leg options strategy.
  • Open the Payoff section.
  • Select the Combined charts tab.
The Combined Premium Chart is intended to help you monitor the overall premium behavior of a strategy, especially when multiple option legs are involved.

Why traders use it?

  • Strategy-level tracking: Monitor a complete multi-leg setup as one combined premium line.
  • Cleaner decision-making: Avoid manually adding or comparing individual leg premiums.
  • Entry and exit analysis: Observe whether the net strategy premium is expanding or contracting.
  • Live market monitoring: Understand how your strategy behaves as option premiums change intraday.
  • Options strategy review: Use the chart to assess how the net premium of spreads, straddles, strangles, and similar setups is moving over time.

Example

Suppose you create a short strangle using two sell legs:

  • Sell 24,000 CE at ₹80
  • Sell 23,500 PE at ₹75

The total premium collected at entry is ₹155. The Combined Premium Chart starts from the net combined premium of the strategy and then moves as the premium of both legs changes.

If the combined premium drops, it indicates that the net premium value of the strategy has reduced from the entry level. If it rises, it indicates that the net premium value has increased. This gives you a single visual reference for the overall strategy instead of separate leg-level tracking.

What if?

ScenarioWhat it means
I have added multiple legs but want one combined viewUse the Combined charts tab in the Payoff section to see the net premium movement of the strategy.
The legs have different strikes and option typesThe chart still combines them into one net premium view for the strategy.
I want to monitor the strategy instead of each option contract separatelyThe Combined Premium Chart is designed for that purpose.
I do not see the chart movingThe chart depends on live premium movement in the selected option legs during market activity.

Summary

The Combined Premium Chart in Strategy Builder gives you a single live chart for the net premium movement of your multi-leg options strategy. It helps simplify monitoring and makes it easier to understand how the overall strategy is behaving without tracking each leg one by one.

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