Meet All New FnO Edge: Shoonya’s Advanced Options Strategy Builder

Options trading involves more than choosing a Call or Put. When you are building a strategy, you may need to compare strikes, check volatility, understand how time can affect the position, calculate margin and see what the payoff could look like.

Doing all of this across different tools can make the process harder to follow.

What Is FnO Edge?

FnO Edge is Shoonya’s option strategy builder and quantitative analytics suite.

It gives options traders tools to study the option chain, build custom or pre-built strategies, view payoff graphs, analyse Option Greeks, check Probability of Profit (POP), test different market scenarios and place multi-leg orders through a basket.

What Can You Do With FnO Edge?

FnO Edge covers different stages of building an options strategy, from selecting contracts to placing the final order.

Here is how these features work in more detail.

1. Analyse Contracts With the Advanced Option Chain

The Advanced Option Chain gives you important information about Call and Put contracts across different strikes.

You can view Last Traded Price (LTP), Implied Volatility (IV) and Delta, move between different expiries, and track both spot and futures prices.

There is also a Go to ATM option that quickly brings you back to the At-The-Money strikes when you want to focus on contracts around the current market level.

2. Build Your Own Multi-Leg Strategy

Have a particular strategy in mind? The Strategy Builder lets you combine multiple Call and Put contracts and adjust the setup as required.

You can:

• Add or remove legs
• Choose Buy or Sell for each leg
• Change strikes
• Adjust lots
• Check estimated margin
• View the net premium payable or collectable

This makes it easier to see the complete setup instead of looking at every contract separately.

3. See How the Strategy Could Perform With a Payoff Graph

A multi-leg strategy can be difficult to understand just by looking at numbers. The payoff graph gives you a visual view of how the strategy may perform at different underlying price levels.

You can see potential profit and loss zones, maximum profit or loss, and breakeven points.

The graph also shows ±1SD, ±2SD and ±3SD ranges based on current implied volatility, providing additional context around expected price movements.

4. Understand Your Position With Options Greeks

Options prices can respond differently when the underlying price, volatility, time or interest rates change. This is where Options Greeks can help.

FnO Edge provides Greek analytics including:

• Delta: shows how the option price may respond to a change in the underlying price.
• Gamma: shows how Delta itself may change as the underlying moves.
• Theta: indicates the effect of time decay on the option.
• Vega: shows sensitivity to changes in implied volatility.
• Rho: shows sensitivity to changes in interest rates.

Together, these measures provide another way to understand how an options position may behave under changing market conditions.

5. Check Probability of Profit and Other Key Metrics

FnO Edge also provides numbers that can help you assess the structure of a strategy.

One of these is Probability of Profit (POP). It is a statistical estimate of the likelihood of a strategy closing in a net profit based on factors such as implied volatility and time to expiry.

You can also check:

• Maximum profit
• Maximum loss
• Breakeven points
• Estimated margin
• Net premium

These metrics are useful for analysis, but they are not predictions and do not guarantee that a trade will be profitable.

6. Choose From 6 Pre-Built Strategies

You do not always need to build a strategy from scratch. FnO Edge provides 6 pre-built strategy structures:

• Bull Call Spread
• Bear Put Spread
• Straddle
• Strangle
• Iron Fly
• Iron Condor

You can select a structure and then adjust the available parameters based on the setup you want to analyse.

7. Test Different Market Scenarios

What happens to a strategy if the underlying price changes? What if implied volatility moves or there is less time left until expiry?

Scenario Analysis lets you test these possibilities by changing:

• Underlying price
• Implied volatility
• Time to expiry

This lets you look beyond current market conditions and study how the strategy may respond under different assumptions.

8. Place Multi-Leg Orders Through a Basket

Once you have finalised your setup, you can bring its individual legs together in a basket for execution.

Before placing the order, you can review the contracts and quantities as a combined strategy. This reduces the need to prepare every leg separately.

How Does FnO Edge Work?

The process can be understood in five simple stages:

• Analyse: Explore contracts using the Advanced Option Chain.
• Build: Select a pre-built strategy or create your own.
• Evaluate: Check the payoff graph, Greeks and strategy metrics.
• Simulate: Test changes in price, volatility or time.
• Execute: Place the strategy legs through a basket.

Can You Track Your Positions in FnO Edge?

Yes, FnO Edge includes a position tracker that displays realised P&L, unrealised P&L and total P&L for active positions.

This means relevant position information can also be viewed from within FnO Edge after a trade has been placed.

Is FnO Edge an Algo Trading Tool?

No, FnO Edge is built for manual trading.

It provides tools for options analysis, strategy building and execution, but the trading decision remains with the user. It does not automatically decide or execute trades on your behalf.

Final Outlook