How are the PoP calculated on sensibull app which is available on kite for risk check?

[ShubhS9]

@Sensibull

How is it calculated?
It is calculated by using ONLY the Black Scholes model, using the following inputs. Stock (or futures) Price, Strike Price, days to expiry, and IV and your average traded price for the option.

You can read more on Probability of Profit in Kite Options Positions