How To Implement Tight Strangles


I am looking for creating tight strangles where the maximum loss could be reduced as much as possible.
I was playing with a options calculator online and ended up with the below P/L graph for AAPL. As you can see, the maximum loss is restricted to $60 for a ~$10,000 worth underlying stock. (I could not find options calculator for Indian stocks. please let me help to find one.)
Review the attached pics and questions below them.

Pics: Input and Output.



1. Is the above picture technically correct? Can we achieve this practically?

2. If possible, Can I expect implementing this kind of tight strangles in Indian markets ? month after month?

I have a lot more to discuss, any help is appreciated.