Terminology
Long Call
Buy One Call
Long Put
Buy One Put
Short Call
Sell One Call
Short Put
Sell One Put
Bull Call Spread
Buy ATM/OTM Call + Sell One OTM Call
Bull Put Spread
Buy One ATM/ITM Put + Sell One OTM Put
Bear Put Spread
Sell ATM/ITM Put + Buy One OTM Put
Synthetic
Buy ATM CE + Sell ATM PE
Long Collar
Future One Buy + Sell ATM/OTM Call + Buy ATM/OTM Put
Short Collar
Future One Sell + Sell ATM/OTM Put + Buy ATM/OTM Call
Married Put
Buy Stock/Futures + Buy PE
Long Strangle
Buy One OTM Call + Buy One OTM Put
Long Straddle
Buy One ATM Call + Buy One ATM Put
Short Strangle
Sell One OTM Call + Sell One OTM Put
Short Straddle
Sell One ATM Call + Sell One ATM Put
Call Butterfly
Buy 1 CE, sell 2CE, Buy 1 OTM CE
Put Butterfly
Buy 1 PE, sell 2PE, Buy 1 OTM PE
Iron Fly
Sell ATM PE & CE, Buy OTM CE & PE
Iron Condor
Buy OTM CE & OTM PE, SELL further away OTM CE & PE
Call Calendar
Spread
Buy Call of Next week/month + Sell same strike Call of This week/month
Put Calendar
Spread
Buy Put of Next week/month + Sell same strike Put of This week/month
Diagonal
Buy Monthly expiry CE/PE + Sell Weekly Expiry CE/PE
Modified Futures
Butterfly
Buy Futures, Buy ATM PE, Sell OTM CE(2 No.s)
Call Ratio
Spread
Buy One ITM/ATM/OTM Call + Sell Two OTM Call (to engulf total debit)
Put Ratio
Spread
Buy One ITM/ATM/OTM Put + Sell Two OTM Put (to engulf total debit)
Calendar Put
Ratio Spread
Buy One ITM/ATM/OTM Put this week/month + Sell Two OTM Put this next week/month
Calendar Call
Ratio Spread
Buy One ITM/ATM/OTM Call this week/month + Sell Two OTM Call this next week/month
Modified Collar
Buy Futures, Buy ATM PE, Sell OTM CE
Cross Calendar
Spread
Buy One ATM/Slight OTM Call/Put Next week/ month + Sell One OTM Call/Put this week/month
Bearish
Expecting the stock or the Index to move in Downward direction
Bullish
Expecting the stock or the Index to move in Upward direction
Neutral
Expecting the stock or the index to move in a range bound manner
BI-DI
Bidirectional trade setup where the stock or index is expected to move sharply in any one
direction
NON MTM LOSS
This can be the intermeidary losses that can happen in the life cycle of a trade from when
it is opened to when it is closed
Long Call
Buy One Call
Long Put
Buy One Put
Short Call
Sell One Call
Short Put
Sell One Put
Bull Call Spread
Buy ATM/OTM Call + Sell One OTM Call
Bull Put Spread
Buy One ATM/ITM Put + Sell One OTM Put
Bear Put Spread
Sell ATM/ITM Put + Buy One OTM Put
Synthetic
Buy ATM CE + Sell ATM PE
Long Collar
Future One Buy + Sell ATM/OTM Call + Buy ATM/OTM Put
Short Collar
Future One Sell + Sell ATM/OTM Put + Buy ATM/OTM Call
Married Put
Buy Stock/Futures + Buy PE
Long Strangle
Buy One OTM Call + Buy One OTM Put
Long Straddle
Buy One ATM Call + Buy One ATM Put
Short Strangle
Sell One OTM Call + Sell One OTM Put
Short Straddle
Sell One ATM Call + Sell One ATM Put
Call Butterfly
Buy 1 CE, sell 2CE, Buy 1 OTM CE
Put Butterfly
Buy 1 PE, sell 2PE, Buy 1 OTM PE
Iron Fly
Sell ATM PE & CE, Buy OTM CE & PE
Iron Condor
Buy OTM CE & OTM PE, SELL further away OTM CE & PE
Call Calendar
Spread
Buy Call of Next week/month + Sell same strike Call of This week/month
Put Calendar
Spread
Buy Put of Next week/month + Sell same strike Put of This week/month
Diagonal
Buy Monthly expiry CE/PE + Sell Weekly Expiry CE/PE
Modified Futures
Butterfly
Buy Futures, Buy ATM PE, Sell OTM CE(2 No.s)
Call Ratio
Spread
Buy One ITM/ATM/OTM Call + Sell Two OTM Call (to engulf total debit)
Put Ratio
Spread
Buy One ITM/ATM/OTM Put + Sell Two OTM Put (to engulf total debit)
Calendar Put
Ratio Spread
Buy One ITM/ATM/OTM Put this week/month + Sell Two OTM Put this next week/month
Calendar Call
Ratio Spread
Buy One ITM/ATM/OTM Call this week/month + Sell Two OTM Call this next week/month
Modified Collar
Buy Futures, Buy ATM PE, Sell OTM CE
Cross Calendar
Spread
Buy One ATM/Slight OTM Call/Put Next week/ month + Sell One OTM Call/Put this week/month
Bearish
Expecting the stock or the Index to move in Downward direction
Bullish
Expecting the stock or the Index to move in Upward direction
Neutral
Expecting the stock or the index to move in a range bound manner
BI-DI
Bidirectional trade setup where the stock or index is expected to move sharply in any one
direction
NON MTM LOSS
This can be the intermeidary losses that can happen in the life cycle of a trade from when
it is opened to when it is closed
Long Call
Buy One Call
Long Put
Buy One Put
Short Call
Sell One Call
Short Put
Sell One Put
Bull Call Spread
Buy ATM/OTM Call + Sell One OTM Call
Bull Put Spread
Buy One ATM/ITM Put + Sell One OTM Put
Bear Put Spread
Sell ATM/ITM Put + Buy One OTM Put
Synthetic
Buy ATM CE + Sell ATM PE
Long Collar
Future One Buy + Sell ATM/OTM Call + Buy
ATM/OTM Put
Short Collar
Future One Sell + Sell ATM/OTM Put + Buy
ATM/OTM Call
Married Put
Buy Stock/Futures + Buy PE
Long Strangle
Buy One OTM Call + Buy One OTM Put
Long Straddle
Buy One ATM Call + Buy One ATM Put
Short Strangle
Sell One OTM Call + Sell One OTM Put
Short Straddle
Sell One ATM Call + Sell One ATM Put
Call Butterfly
Buy 1 CE, sell 2CE, Buy 1 OTM CE
Put Butterfly
Buy 1 PE, sell 2PE, Buy 1 OTM PE
Iron Fly
Sell ATM PE & CE, Buy OTM CE & PE
Iron Condor
Buy OTM CE & OTM PE, SELL further away
OTM CE & PE
Call Calendar
Spread
Buy Call of Next week/month + Sell same
strike Call of This week/month
Put Calendar
Spread
Buy Put of Next week/month + Sell same
strike Put of This week/month
Diagonal
Buy Monthly expiry CE/PE + Sell Weekly
Expiry CE/PE
Modified Futures
Butterfly
Buy Futures, Buy ATM PE, Sell OTM CE(2 No.s)
Call Ratio
Spread
Buy One ITM/ATM/OTM Call + Sell Two OTM
Call (to engulf total debit)
Put Ratio
Spread
Buy One ITM/ATM/OTM Put + Sell Two OTM
Put (to engulf total debit)
Calendar Put
Ratio Spread
Buy One ITM/ATM/OTM Put this week/month
+ Sell Two OTM Put this next week/month
Calendar Call
Ratio Spread
Buy One ITM/ATM/OTM Call this week/month
+ Sell Two OTM Call this next week/month
Modified Collar
Buy Futures, Buy ATM PE, Sell OTM CE
Cross Calendar
Spread
Buy One ATM/Slight OTM Call/Put Next week/
month + Sell One OTM Call/Put this week/
month
Bearish
Expecting the stock or the Index to move in
Downward direction
Bullish
Expecting the stock or the Index to move in
Upward direction
Neutral
Expecting the stock or the index to move in
a range bound manner
BI-DI
Bidirectional trade setup where the stock or
index is expected to move sharply in any one
direction
NON MTM LOSS
This can be the intermeidary losses that can
happen in the life cycle of a trade from when
it is opened to when it is closed

By Octanom Tech Pvt. Ltd
SEBI Registered RA INH000009825
CIN Number U74999MH2021PTC365248
BSE Enrollment Number 5586
Type of Registration: Corporate
Validity of Registration: June 13,
2022 – Perpetual
Inbox
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. https://smartodr.in/ SEBI SCORES 2.0: https://scores.sebi.gov.in/ SEBI Corresponding Local Office Address: Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
Research Analyst (RA):
SEBI Registration No: INH000009825
BSE Enlistment No: 5586
Type of Registration: Non-Individual
Validity: June 13, 2022 - Perpetual
Principal Officer: Mr. Rahul Kumar Ghose
Email ID: contactus@octanom.com
Contact No: +91 7669668668
Compliance Officer: Mr. Pratik Rathod
Email ID: compliance@octanom.com
Contact No: +91 9076160917
Investment Advisor (IA):
SEBI Registration No: INA000021207
BSE Enlistment No: 2368
Type of Registration: Non-Individual
Validity: October 30, 2025 - Perpetual
Principal Officer: Mr. Archit Mahajan
Email ID: archit@octonom.com
Contact No: +91 9930180035
Compliance Officer: Mr. Pratik Rathod
Email: compliance@octanom.com
Contact: +91 9076160917
SEBI Correspondence Office Details:
Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
SEBI SCORES: https://scores.sebi.gov.in/scores-home
SMARTODR: https://smartodr.in/login
Disclaimers:
Registration granted by SEBI, enlistment as Research Analyst and Investment Adviser with Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The company does not guarantee or provide any assurance of return, fixed returns, or risk-free return.
Investments in the securities are subject to market risks. Read all the related documents carefully before investing.
Past performance may or may not be sustained in the future, and there is no guarantee of future results.
All fees and payments must be made solely to the Company's designated bank account. The Company shall not be liable for any payments made to any specific individuals.
Have Questions?
In case you have any doubts or queries, kindly reach out to us on the below email address contactus@octanom.com

By Octanom Tech Pvt. Ltd
SEBI Registered RA INH000009825
CIN Number U74999MH2021PTC365248
BSE Enrollment Number 5586
Type of Registration: Corporate
Validity of Registration: June 13,
2022 – Perpetual
Inbox
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. https://smartodr.in/ SEBI SCORES 2.0: https://scores.sebi.gov.in/ SEBI Corresponding Local Office Address: Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
Research Analyst (RA):
SEBI Registration No: INH000009825
BSE Enlistment No: 5586
Type of Registration: Non-Individual
Validity: June 13, 2022 - Perpetual
Principal Officer: Mr. Rahul Kumar Ghose
Email ID: contactus@octanom.com
Contact No: +91 7669668668
Compliance Officer: Mr. Pratik Rathod
Email ID: compliance@octanom.com
Contact No: +91 9076160917
Investment Advisor (IA):
SEBI Registration No: INA000021207
BSE Enlistment No: 2368
Type of Registration: Non-Individual
Validity: October 30, 2025 - Perpetual
Principal Officer: Mr. Archit Mahajan
Email ID: archit@octonom.com
Contact No: +91 9930180035
Compliance Officer: Mr. Pratik Rathod
Email: compliance@octanom.com
Contact: +91 9076160917
SEBI Correspondence Office Details:
Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
SEBI SCORES: https://scores.sebi.gov.in/scores-home
SMARTODR: https://smartodr.in/login
Disclaimers:
Registration granted by SEBI, enlistment as Research Analyst and Investment Adviser with Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The company does not guarantee or provide any assurance of return, fixed returns, or risk-free return.
Investments in the securities are subject to market risks. Read all the related documents carefully before investing.
Past performance may or may not be sustained in the future, and there is no guarantee of future results.
All fees and payments must be made solely to the Company's designated bank account. The Company shall not be liable for any payments made to any specific individuals.
Have Questions?
In case you have any doubts or queries, kindly reach out to us on the below email address contactus@octanom.com

By Octanom Tech Pvt. Ltd
SEBI Registered RA INH000009825
CIN Number U74999MH2021PTC365248
BSE Enrollment Number 5586
Type of Registration: Corporate
Validity of Registration: June 13,
2022 – Perpetual
Inbox
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. https://smartodr.in/ SEBI SCORES 2.0: https://scores.sebi.gov.in/ SEBI Corresponding Local Office Address: Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
Research Analyst (RA):
SEBI Registration No: INH000009825
BSE Enlistment No: 5586
Type of Registration: Non-Individual
Validity: June 13, 2022 - Perpetual
Principal Officer: Mr. Rahul Kumar Ghose
Email ID: contactus@octanom.com
Contact No: +91 7669668668
Compliance Officer: Mr. Pratik Rathod
Email ID: compliance@octanom.com
Contact No: +91 9076160917
Investment Advisor (IA):
SEBI Registration No: INA000021207
BSE Enlistment No: 2368
Type of Registration: Non-Individual
Validity: October 30, 2025 - Perpetual
Principal Officer: Mr. Archit Mahajan
Email ID: archit@octonom.com
Contact No: +91 9930180035
Compliance Officer: Mr. Pratik Rathod
Email: compliance@octanom.com
Contact: +91 9076160917
SEBI Correspondence Office Details:
Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
SEBI SCORES: https://scores.sebi.gov.in/scores-home
SMARTODR: https://smartodr.in/login
Disclaimers:
Registration granted by SEBI, enlistment as Research Analyst and Investment Adviser with Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The company does not guarantee or provide any assurance of return, fixed returns, or risk-free return.
Investments in the securities are subject to market risks. Read all the related documents carefully before investing.
Past performance may or may not be sustained in the future, and there is no guarantee of future results.
All fees and payments must be made solely to the Company's designated bank account. The Company shall not be liable for any payments made to any specific individuals.
Have Questions?
In case you have any doubts or queries, kindly reach out to us on the below email address contactus@octanom.com

By Octanom Tech Pvt. Ltd
SEBI Registered RA INH000009825
CIN Number U74999MH2021PTC365248
BSE Enrollment Number 5586
Type of Registration: Corporate
Validity of Registration: June 13,
2022 – Perpetual
Inbox
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. https://smartodr.in/ SEBI SCORES 2.0: https://scores.sebi.gov.in/ SEBI Corresponding Local Office Address: Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
Research Analyst (RA):
SEBI Registration No: INH000009825
BSE Enlistment No: 5586
Type of Registration: Non-Individual
Validity: June 13, 2022 - Perpetual
Principal Officer: Mr. Rahul Kumar Ghose
Email ID: contactus@octanom.com
Contact No: +91 7669668668
Compliance Officer: Mr. Pratik Rathod
Email ID: compliance@octanom.com
Contact No: +91 9076160917
Investment Advisor (IA):
SEBI Registration No: INA000021207
BSE Enlistment No: 2368
Type of Registration: Non-Individual
Validity: October 30, 2025 - Perpetual
Principal Officer: Mr. Archit Mahajan
Email ID: archit@octonom.com
Contact No: +91 9930180035
Compliance Officer: Mr. Pratik Rathod
Email: compliance@octanom.com
Contact: +91 9076160917
SEBI Correspondence Office Details:
Securities and Exchange Board of India, SEBI Bhavan II, Plot No: C7, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
SEBI SCORES: https://scores.sebi.gov.in/scores-home
SMARTODR: https://smartodr.in/login
Disclaimers:
Registration granted by SEBI, enlistment as Research Analyst and Investment Adviser with Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The company does not guarantee or provide any assurance of return, fixed returns, or risk-free return.
Investments in the securities are subject to market risks. Read all the related documents carefully before investing.
Past performance may or may not be sustained in the future, and there is no guarantee of future results.
All fees and payments must be made solely to the Company's designated bank account. The Company shall not be liable for any payments made to any specific individuals.
Have Questions?
In case you have any doubts or queries, kindly reach out to us on the below email address contactus@octanom.com
