Short Straddle alert

This advance trigger would alert you when the combined premium of both the strikes goes over 1000 -

(LastTradedPrice('NFO:BANKNIFTY21JUN34600CE') + LastTradedPrice('NFO:BANKNIFTY21JUN34600PE')) >= 1000

If your intention is to only get alerted when the combined premium of both the strikes goes below 1000, then try this -

(LastTradedPrice('NFO:BANKNIFTY21JUN34600CE') + LastTradedPrice('NFO:BANKNIFTY21JUN34600PE')) < 1000

Also check this thread for reference.

2 Likes