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If Nifty on maturity
payoff from sell of 2 ATM
payoff from 1 call ITM payoff from 1call OTM
2700
194.4
-141.5
-64
2800
194.4
-141.5
-64
2900
194.4
-141.5
-64
3000
194.4
-141.5
-64
3100
194.4
-141.5
-64
3200
194.4
-41.5 100
-64
3300
-5.6
58.5
-64
80
3400
-205.6
158.5
36
3500
-405.6
258.5 60
136
3600
-605.6
358.5
236
3700
-805.6
458.5 40
336
3800
-1005.6
558.5 20
436
3900
-1205.6
658.5
536
0
0
-20
-40
1000
Net payoff
-11.1
-11.1
-11.1
-11.1
-11.1
88.9
-11.1
-11.1
-11.1
-11.1
-11.1
-11.1
-11.1
2000
3000
4000
5000