Upstox has categorized strategies according to their risk levels.

Based on this classification:

Bull Call Spread, Bear Put Spread, Long Straddle, and Iron Condor are considered low risk due to their limited downside.

Long Call, Long Put, and Short Straddle are categorized as high risk owing to their unhedged nature or high downside risk.

The displayed combinations for each strategy are filtered considering factors such as the probability of profit, moneyness, and liquidity. You can choose from about 3 to 5 pairs for an affordable and potentially profitable trade.