Strategy Builder Beginners Guide

LAST UPDATED MAY 09, 2025

Welcome to the Strategy Builder in OptionX, your go-to companion for crafting, analyzing, and executing powerful options strategies with confidence. Whether you're a beginner exploring your first spread or an advanced trader fine-tuning Greeks, the Strategy Builder empowers you to visualize risks, manage reward, and trade smarter.

Why Use the Strategy Builder?

At OptionX, we believe option trading shouldn’t feel like guesswork.

36+ Prebuilt Strategies: From Bull Call Spreads to Iron Condors, OptionX gives you instant access to over 36+ prebuilt strategies , designed for both beginners and pro traders. No more guesswork — just select, customize, and trade.

Strategy Customization Made Easy: Build multi-leg custom strategies visually using real-time option chain data — without needing external tools.

Real-Time Payoff Visualization: Instantly visualize your Max Profit, Max Loss, Breakeven, and Risk/Reward with a clean, intuitive payoff chart.

In-depth Greeks & Analytics: Get Delta, Gamma, Theta, Vega — know how your trade reacts to time, price, and volatility changes. Save & Reuse Strategies: Save your custom setups and access them instantly — because your best ideas deserve to be revisited.

Execute via Trade Ladder: With one click, jump to Open Ladder and begin placing orders seamlessly.

1. Launch the Builder

Step 1: Go to widget section

widget button.png

Step 2: Click on the Strategy Builder widget.

Strategy builder widget.png

Step 3: A default screen will open — ready for you to build or choose a strategy.

Strategy builder Default.png

2. Select Expiry & Strategy

Step 1: Click on Select Stratgey

Strategy builder Select startegy.png

Step 2: Choose your Index (e.g., NIFTY) and Expiry (e.g., 08 May 2025).

Strategy builder select option.png

Step 3: Select from 36+ prebuilt strategies (Bullish, Bearish, Neutral, Others) , eg. Long Iron Condor

Strategy builder Iron Condor.png

Step 4: Legs will added in the Strategy Builder widget. You can also modify the legs.

Strategy builder legs.png

3. Analyze Your Strategy

Step 1: Payoff Chart – Understand your P&L across expiry prices.

Strategy builder payoff charts.png

Step 2: P&L Table – See profits/losses for exact expiry levels.

Strategy builder P&L table.png

Step 3: Greeks – Analyze sensitivity with Delta, Theta, Gamma, Vega.

Strategy builder Greeks.png

4. Save Your Strategy

Step 1: Click Save As

Strategy builder save as.png

Step 2: Give your strategy a name

Strategy builder save.png

Step 3: Start visualizing or trading through Spread Ladder and Spread Charts.

Strategy builder spread actions.png