The profit and loss (P&L) shown in ArihantPlus Option Strategy product (readymade strategy and custom strategy builder) is a projected estimate. It is a directional view to help you plan and evaluate your strategy before you execute it. 

The projection is calculated at the time of strategy creation using live inputs: current market prices, bid-ask spreads, implied volatility (IV), and time to expiry. These are the same variables that determine real options pricing. However, several factors can cause your actual P&L to differ from the projection: 

• Implied Volatility (IV) shifts — IV can expand or contract sharply, especially around events like earnings or macro announcements. Since options are priced on expected volatility, even if the underlying moves in your favour, a drop in IV can reduce your actual profit. 
• Execution price vs. model price — The projected P&L assumes you get filled at mid-price. In reality, bid-ask spreads, liquidity, and market depth mean your actual entry and exit prices may differ — particularly for multi-leg strategies. 
• Time decay (Theta) — Theta erodes option value daily. Any delay between when you analyse a strategy and when you actually execute it will shift your P&L baseline. 
• Market gaps and slippage — Sudden price movements or low liquidity can result in fills that differ from the projected scenario. 

Our goal at ArihantPlus is to give you the clearest possible picture of a strategy's potential - so you go in informed, not just hopeful. While ArihantPlus Option Strategy is a powerful planning tool and we make the best effort to ensure your projected P&L is correct, but it's a projection, not a guarantee. Always factor in real-world execution conditions before placing your trade.