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Free NIFTY option chain and options payoff builder: what you get

A free NIFTY and BANKNIFTY option chain and Options Builder on the Essential plan: expiries, strikes, live premiums and payoff. What it shows and does not.

SuperCharting gives you a free option chain for NIFTY, BANKNIFTY and other F&O underlyings, plus an Options Builder that draws the profit and loss of a strategy at expiry from the contracts' current premiums. Both work on Essential, the free plan; you only need a signed-in account. Be clear about one thing before you start: the chain is a contract picker, so it does not show open interest, change in open interest, the put-call ratio (PCR), max pain, implied volatility or Greeks.

What is free, and what you need

Neither the option chain nor the Options Builder is limited by plan. Every signed-up account, including Essential, can open both, on desktop and on a phone. Paid plans change things such as charts per layout and alert counts, not access to these two tools.

Data is described on /data-coverage. In short: option charts and premiums are live while the exchange is open and the feed allows. When no live quote arrives within a few seconds, the builder uses the contract's last close and labels it last close, so outside market hours you are looking at the previous price, not a live one.

What the option chain shows

Open it from the Products menu at the bottom of the right-hand widget bar and choose Options. On a phone, tap More and choose Options chain under Markets. The chain opens for the symbol on the active chart, titled after the underlying, for example NIFTY Options.

• Expiry strip. Every expiry from today onwards, weekly and monthly, grouped by month. The nearest one is selected.
• Table. Calls on the left, Strike in the middle, Puts on the right. Each cell reads like "Call 24000" or "Put 24000". Click the Strike header to flip the sort order.
• Spot line. A badge with the underlying's price sits between the strikes either side of spot, and it moves as quotes arrive.
• In-the-money shading for calls below spot and puts above it.

Click a call or put and the active chart switches to that contract. The general guide to this view, with the symbol format and what to do on an option chart, is on the options chain page; this page is about what you get for free and the payoff builder.

Which underlyings are covered

Chains are built from the listed option contracts in the site's instrument list: index options such as NSE:NIFTY, NSE:BANKNIFTY and NSE:CNXFINANCE (FINNIFTY), BSE:SENSEX, options on F&O stocks such as NSE:RELIANCE, and MCX options where the exchange lists them. Expired series are not offered. A stock outside F&O has no chain; you then see the toast "No option chain for …: pick an underlying" and the search opens on its Options tab.

For the index charts themselves (spot, continuous futures such as NIFTY1!, sessions) see NIFTY and BANKNIFTY charts.

The Options Builder

The Options Builder is a side panel on the right. It opens on the active chart's NSE or BSE symbol, or on NSE:NIFTY.

• Underlying box. Type a name such as BANKNIFTY and press Enter. A name without an exchange is read as NSE.
• Expiry drop-down and the Spot price beside it.
• Strategy chips: Long call, Long put, Short call, Short put, Bull call spread, Bear put spread, Long straddle, Long strangle, Iron condor and Long butterfly. Strikes are placed around the at-the-money strike.
• Legs table with Buy/Sell, Type (Call or Put), Strike, Lots and Premium. Click Buy or Sell to flip a leg, remove one with ✕, or click + Add leg.
• Premium source next to each premium: live, last close, no price, or typed when you overwrite it yourself.
• Payoff chart at expiry, green above zero and red below, with the spot as a dashed line and the breakevens as dots.
• Results: Max profit, Max loss (either can read Unlimited), Breakeven points and Net credit or Net debit. Amounts are multiplied by the lot size shown under the chart, which comes from the exchange's contract.

It draws the result at expiry only. It does not model time decay before expiry, volatility or margin, and nothing in it places an order.

How to build a NIFTY iron condor in SuperCharting

1. Sign in, load NSE:NIFTY on the active chart, open Products and choose Options Builder (on a phone: More, then Options Builder).
2. Pick the weekly expiry you want in the Expiry drop-down.
3. Click the Iron condor chip. The builder adds four legs: sell a put and a call two strikes from at-the-money, and buy a put and a call four strikes away.
4. Wait for the premiums. If a leg says no price, type a premium yourself.
5. Change a strike or the Lots of any leg; the chart and the results redraw at once.
6. To follow one leg on a chart, open Products > Options, pick the same expiry and click that strike.

A worked example (illustrative numbers)

The figures below are made up to show the arithmetic; they are not current prices, not a forecast and not a recommendation. Say NIFTY is near 24,000 and strikes are listed every 50 points, so the preset's "two strikes away" is 100 points and "four strikes away" is 200. The condor is: sell 23,900 put at 60, buy 23,800 put at 35, sell 24,100 call at 55, buy 24,200 call at 30.

• Net credit: 60 − 35 + 55 − 30 = 50 points.
• Max profit: the 50 points, if NIFTY expires between 23,900 and 24,100.
• Max loss: the 100-point wing minus the 50 credit = 50 points, below 23,800 or above 24,200.
• Breakevens: 23,900 − 50 = 23,850 and 24,100 + 50 = 24,150.

The builder shows these per lot in rupees, using the lot size from the contract. To practise the trade without money, place the legs on the paper trading account, and set price alerts on the index near the breakevens if you want a nudge.

What the chain does not show: OI, PCR, max pain, IV

Many traders search for an option chain to read open interest. Here is what these terms mean and where SuperCharting stands:

• Open interest (OI) and change in OI: the number of open contracts at each strike and how it moved today. Not shown in the chain.
• PCR: total put OI divided by total call OI. As an illustration only, 1,20,000 put contracts against 1,00,000 call contracts gives a PCR of 1.2. Not computed here.
• Max pain: the strike at which option buyers as a whole would lose the most at expiry. Not computed here.
• Implied volatility and Greeks (delta, gamma, theta, vega): not computed. For a feel of market-wide volatility, chart India VIX; see the India VIX chart guide.

The separate Order Block board ranks NSE futures (not options) by price move and open-interest build-up, if futures positioning is what you need. Readings of OI or PCR are context, not signals; this page is educational and gives no trade calls.

Frequently asked questions

Is the NIFTY option chain really free?

Yes. The option chain and the Options Builder are on Essential, the free plan. You need a signed-in account; no paid plan is required.

Does it show open interest, PCR or max pain?

No. The chain lists expiries and strikes so you can chart a contract, and the builder uses premiums. Open interest, change in OI, PCR, max pain, IV and Greeks are not shown.

Are the premiums live?

They are live while the market is open and the feed allows. When no live quote arrives, the builder uses the contract's last close and labels it last close; you can type over any premium.

Can I use it on a phone?

Yes. Tap More in the chart header, then Options chain or Options Builder under Markets.

Which expiries can I pick?

Every listed expiry from today onwards, weekly and monthly. Expired series are not offered.