HDFCBANK Straddle & Strangle Option Chain 2026 - Live CE+PE Premiums & Breakevens
Live and historical HDFCBANK straddle and strangle option chain. Every row shows the call LTP, put LTP and combined premium for a strike or strike pair, with change against the selected time cycle, lower and upper breakevens and the breakeven range as a percentage of spot. Switch between Straddle and Strangle, or to Historical mode to replay any past date.
HDFC Bank Ltd (HDFCBANK) Straddle & Strangle Option Chain: Common Questions
Which ATM is used for the HDFCBANK straddle chain?
The ATM row follows the same setting as the main option chain: the strike closest to the spot price by default, or the strike closest to the futures or synthetic futures price if you have changed the ATM method in the option chain settings. For HDFC Bank Ltd the spot and futures ATM usually agree, but near expiry or when the futures carry a large premium they can differ by one strike, which shifts every OTM pair in the strangle view by one step as well.
How many strikes does the table show?
The number of rows above and below ATM follows the strikes around ATM setting from the option chain, so the HDFCBANK straddle view covers the same window you see in the chain. In strangle mode the same window applies to the call strike and the put strike mirrors it on the other side. The table scrolls to the ATM row when you load a symbol or change the expiry, so the most important row is always in view first.
Why does a HDFCBANK row show a dash instead of a premium?
A dash means one leg of the pair has no last traded price for this expiry, usually a far OTM strike that has not traded today or a newly listed strike. The combined premium is not shown rather than shown with one side missing, because a straddle or strangle price built from a single leg would be misleading. On liquid HDFC Bank Ltd expiries this only happens at the far ends of the table.
Can the straddle chain replace the option chain?
No, they answer different questions. The HDFCBANK option chain shows where positions sit through OI, volume and Greeks at each strike. The straddle and strangle chain shows what a two-legged neutral position costs and where it breaks even. Most traders use both: the chain to pick the levels that matter for HDFC Bank Ltd, this table to price the position that trades around those levels. As a NIFTY and BANKNIFTY and FINNIFTY constituent, HDFCBANK has enough liquidity that the LTPs shown here are close to executable prices during market hours.
HDFC Bank Ltd (HDFCBANK) Straddle & Strangle Chain in Historical Mode
What can you learn from past HDFCBANK straddle data?
Historical mode loads the HDFCBANK option chain as it stood at any minute of any past trading day and rebuilds the straddle and strangle table from it. That turns the page into a back-testing tool. Pick a past expiry day for HDFC Bank Ltd and step through the morning to see how fast the ATM straddle decayed, or load the day before a major event to see how much premium the market was charging and compare it with the move that actually followed.
Checking whether HDFCBANK premiums were rich or cheap
Take the ATM straddle premium on a past date, note its Range %, then check how far HDFCBANK actually travelled by expiry. If the realised move was consistently smaller than the breakeven range, sellers were being paid well during that period. If the move regularly exceeded the range, buyers had the edge. Repeating this across several expiries of HDFC Bank Ltd gives you a feel for how the market prices this underlying, which is far more useful than a generic rule about selling or buying volatility.
Replaying a strangle trade minute by minute
Use the step buttons in historical mode to move forward in one minute, five minute or one hour jumps. Watch an OTM2 strangle row on HDFCBANK from the open to the close of a past session and you will see the combined premium decay on a quiet day or spike when the underlying approached one of the strikes. This is the fastest way to build intuition for how a short strangle on HDFC Bank Ltd feels in real time, without putting capital at risk.
Combining historical straddle data with OI
Open the regular option chain for the same past date alongside this table. The strikes with the heaviest call and put OI often act as the edges of the day's range, and the straddle and strangle breakevens tell you whether option prices agreed with that range. When breakevens were inside the OI walls and HDFCBANK stayed inside them too, short strangle sellers had an easy day. Finding those patterns in HDFC Bank Ltd history helps you recognise them live.
HDFC Bank Ltd (HDFCBANK) Straddle & Strangle Chain: Buying Volatility
When does a long straddle on HDFCBANK make sense?
A long straddle pays off when HDFCBANK moves further than the combined premium before expiry. The straddle option chain makes the cost of that bet explicit: the ATM row's premium is your maximum loss and the Lower BE and Upper BE are the prices you need to cross. Buying makes most sense when you expect an event that the premium does not yet reflect, such as HDFC Bank Ltd results or a sector-wide trigger, and when the premium change has been negative for several sessions, meaning premiums have been compressing.
Long strangle versus long straddle
The strangle view lets you compare the two directly. An OTM1 or OTM2 long strangle on HDFCBANK costs much less than the ATM straddle but needs a bigger move to reach either breakeven. Read the Range % of each row: the straddle has the tightest range and the highest cost, each OTM row widens the range and lowers the cost. For a trader expecting a large but uncertain move in HDFC Bank Ltd, a cheap OTM strangle risks less capital; for a trader expecting a moderate move, the straddle is more likely to finish in profit.
How IV affects what you see in the table
Implied volatility is baked into every LTP in the HDFCBANK straddle and strangle chain. When IV rises, every row's combined premium rises even if the underlying does not move, and the change beside every premium turns green across the board. When IV falls after an event, premiums deflate together and the change turns red. This is why buyers who enter just before a scheduled event often lose even when HDFC Bank Ltd moves: the IV crush after the announcement can wipe out more premium than the move added. Compare the table with the IV Chart tool to see whether current premiums sit at the high or low end of recent history.
Managing a long position with this table
Once in a long straddle or strangle on HDFCBANK, watch the row you hold rather than the individual legs. If the combined premium has grown because the underlying ran toward one strike, the table shows how much of that is now intrinsic value in one leg. Many traders book the winning leg and keep the other as a free option, or roll the pair to re-centre on the new ATM row. As a NIFTY and BANKNIFTY and FINNIFTY constituent, HDFCBANK offers tight spreads near ATM, so re-centring is usually cheap to execute.
HDFCBANK straddle and strangle chain: quick reference
| Row or column | What it is | How to use it for HDFCBANK |
|---|---|---|
| ATM row (Straddle) | Call + put premium at the at-the-money strike | Expected move until expiry; compare with recent realised moves |
| OTM1, OTM2, OTM3 (Strangle) | Call n strikes above ATM paired with put n strikes below | Credit vs distance trade-off for short strangles |
| ITM rows (Strangle) | In-the-money call below ATM paired with in-the-money put above | Guts strangle; same breakevens as the matching OTM pair |
| Lower BE / Upper BE | Put strike minus premium / call strike plus premium | Profit zone edges for sellers, targets for buyers |
| Range % | Breakeven width as a percentage of spot | Compare cushion across strikes, expiries and symbols |
| Premium % change | Change in the combined premium vs the selected time cycle, shown beside the premium | Decay meter for sellers; IV expansion alert for buyers |
Premiums are last traded prices, so far OTM pairs on illiquid HDFCBANK expiries can show stale values. Confirm against the bid and ask before placing orders, and re-check the ATM row after any sharp move because every strangle pair re-centres when the ATM strike changes.
How StockMojo builds the HDFCBANK straddle and strangle chain
The table is derived from the same live HDFCBANK option chain feed as the StockMojo option chain. During market hours every row is recomputed as new ticks arrive; outside market hours it shows the last session's closing snapshot. Historical mode rebuilds the table from the full option chain snapshot at the selected minute of any past trading date.
The ATM strike follows the option chain's ATM method: the strike nearest the spot price by default, or nearest the futures or synthetic futures price if that method is selected in the option chain settings. In Straddle mode each row is one strike and the premium is call LTP plus put LTP. In Strangle mode row n pairs the call n strikes above ATM with the put n strikes below (OTMn), and ITMn is the reverse pair. The rows shown follow the option chain's strikes-around-ATM setting.
Lower BE is the put strike minus the combined premium and Upper BE is the call strike plus the combined premium. Range % is Upper BE minus Lower BE divided by the current HDFCBANK reference price. The percentage beside the premium is the combined premium minus the combined premium at the time cycle baseline (previous close, today's open, or the start of the selected rolling window), with the percentage measured against that baseline. A dash appears when either leg has no traded price for the expiry.
How to use the Straddle & Strangle Option Chain
- Pick a symbol and expiry — Select Nifty, Bank Nifty, Sensex or any F&O stock, then choose the expiry you want to trade.
- Choose Straddle or Strangle — Use the toggle on the right of the toolbar. Straddle shows one row per strike; Strangle shows OTM and ITM strike pairs around ATM.
- Read the highlighted ATM row — The ATM straddle premium is the expected move until expiry; its Lower BE and Upper BE are the prices the underlying must cross for a long position to pay.
- Compare OTM strangle rows — Walk down the OTM1, OTM2, OTM3 rows to see how much premium each extra strike of distance gives up and how much wider the breakeven range becomes.
- Watch the premium change with a time cycle — Set the time cycle to Prev Day, Intraday or a rolling window to see whether combined premiums are expanding or decaying while you hold a position.
HDFCBANK Straddle & Strangle Option Chain — Frequently Asked Questions
What is the HDFCBANK straddle premium?
The HDFCBANK straddle premium is the call LTP plus the put LTP at the same strike. The highlighted ATM row shows the at-the-money straddle, which is the market's estimate of how far HDFCBANK can move before expiry. Rows above and below ATM show the straddle price at every other strike in the chain.
How are HDFCBANK strangle strikes paired in this table?
In Strangle mode each row pairs strikes equally distant from ATM. OTM1 is the HDFCBANK call one strike above ATM with the put one strike below, OTM2 is the next strike out on each side, and ITM rows pair an in-the-money call below ATM with an in-the-money put above it. The Strangle column is the combined premium of the pair.
How do I find the breakeven of a HDFCBANK straddle or strangle?
Lower BE is the put strike minus the combined premium and Upper BE is the call strike plus the combined premium. A short HDFCBANK straddle or strangle is profitable at expiry if the underlying closes between the two breakevens; a long one needs a close outside them. Range % shows the width of that zone as a percentage of the current HDFCBANK price.
What does the percentage next to the HDFCBANK straddle or strangle premium show?
The percentage beside the combined CE+PE premium is its change against the baseline selected in the time cycle dropdown: the previous close on Prev Day, today's open on Intraday, or a rolling window such as 15 Min or 1 Hour. Negative values across OTM rows mean HDFCBANK strangle premiums are decaying; a green sweep with no move in the underlying means implied volatility is rising.
Can I see historical HDFCBANK straddle and strangle premiums?
Yes. Switch to Historical mode, choose any past trading date and step through the session in one minute, five minute or one hour jumps. The HDFCBANK table is rebuilt from the option chain snapshot at that minute, so you can replay how straddle premiums decayed on a past expiry day or how much the market charged before an event.
Learn more
Read our guide: ATM Straddle Explained: Straddle Price, Charts and the Expected Move