Atm straddle break even

Can I set an alert of atm straddle premium breakeven is above of a strike price(15000) or below 14000

Where you want to create alert?

Sentinel

You can, can check advanced triggers. Add both legs LTP and give the trigger accordingly.

no but the ATM keeps changing right ? Can I use some string functions to identify the ATM straddles

What is the point of this? what you want to achieve?

Let me explain my requirement… let me say my range of expectation is 14000 on the down side and 15000 on the upside. I want to sell a atm straddle only when atm strike minus the Sum of atm ce premiums and put premium is less than 14000 on the downside and atm strike plus Sum of atm ce premiums and put premium is greater than 15000 on the upside.

Hope this clarifies

For example if nifty is at 14500, the atm straddle premium should be atleast 500 so that I can enter the trade.

If nifty moves to 14300, minimum 700 short straddle premium .

Because Nifty atm strike keeps changing I AM unable to set triggers. I don’t see any string functions to set this up… can you please help

But premium also depends on expiry right?

Let’s have it as upcoming monthly expiry or the expiry month after that

So you are more dependent on IV? because after a week or two unless IVs shoot premiums won’t go up.

Quite possible… I am looking at atm straddle premiums right…

Then I believe you need to mention legs upfront, no string functions as of now.