Straddle Charts

The Straddle Chart Panel lets you construct and visualize option straddles (and custom multi-leg combinations). In Auto mode, select an underlying, expiry, and strike to automatically combine the CE and PE. In Custom mode, add any symbols, set weights, and add/subtract legs to build bespoke strategies.

Charting and analytics panels context

Use Straddle Charts alongside other analytics for complete context

1. Header: Straddle Configuration

  • Mode toggle: Switch between Auto and Custom.
  • Auto mode controls:
    • Symbol search: Search underlyings (3+ characters) and select one.
    • Expiry selector: Pick from fetched expiries for the underlying.
    • Strike selector: Choose the strike to combine CE + PE.
    • Create Straddle: Generates the straddle configuration and loads the chart.
  • Custom mode controls:
    • Manual symbol search: Add any tradable symbols (options or otherwise).
    • Leg controls per symbol: Toggle operation (Add/Subtract), set weight, and remove legs.
    • Create Combination: Builds a custom multi-leg chart from your list.

2. Auto Mode Workflow

  • Pick an underlying via search. Expiries and strikes are fetched automatically.
  • Select an expiry and a strike. You can then click Create Straddle.
  • The system locates both CE and PE at the selected strike and merges them into a single straddle.

3. Custom Mode Workflow

  • Search and add legs individually. Each leg shows:
    • Symbol, underlying, exchange, option type, and strike when available
    • An operation control to add or subtract the leg
    • A weight input to scale its contribution
  • Click Create Combination to load the composed series on the chart.

4. Selected Straddle Info

  • When a straddle or combination is active, an info bar shows:
    • Name and short description
    • Component count

5. Chart Behavior

  • The panel renders a consolidated chart of your straddle or custom legs.
  • The panel title updates with the current timeframe.
  • Theme follows the workspace theme; switching themes updates chart styling.
  • Trading hours mode is supported (ETH/RTH) and can be toggled in the chart controls.

Note: Timeframe and certain chart controls are handled within the chart component.

Tips

  • Fast setup with Option Chain: Identify ATM strikes in the Option Chain, then switch here to build the straddle.
  • Experiment with weights: Use Custom mode to simulate ratio spreads or synthetic positions.
  • Use alongside Watchlist and Time & Sales for discovery and microstructure context.

Related: Option Chain • Watchlist • Time & Sales • Chart Overview