TCLC - Options - Straddle/Strangle Chart — Indicator by TraderChitra

Input :
* two option Premiums
* net Premium Paid for LONG
* net Premium Received for SHORT

based on the above data it plots the line chart of the premiums

the indicator can be used to monitor the straddle / strangle positions

the table displays the premiums of the corresponding options premiums and the current premiums

based on the positions the color of the net premiums will be in RED/ GREEEN

Release Notes:

The Colours can be changed in the settings tab

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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