StructureATM Straddle: sell the at-the-money call and put. OTM-n Strangle: sell the call and put n strikes out (less premium, wider breakevens). Iron Fly / Iron Condor: a straddle / strangle plus a bought wing on each side. Net credit, loss capped by the wings; the stop-loss is a % of the net credit. Batman: on each side, sell 2 at the ear offset and buy 1 wing nearer ATM. Credit or debit depending on ear and DTE; loss is unbounded beyond the ears; the stop-loss is a % of the absolute net entry value. Δ-adjusted: when a leg moves against you, only that leg is closed and re-sold; if no priced strike is found it is just closed (Δ 0.25 = 25 delta). Overall Δ Adjustment: straddle; adjust when the two legs' |Δ| differ by 0.25; re-sell at the strike whose Δ matches the other leg. Legwise Δ Adjustment: adjust when a leg's |Δ| rises 0.25 above its entry Δ; re-sell Δ-matched. Legwise Δ Adjustment (ATM): same trigger; re-sell the current ATM. Legwise Δ Adjustment (OTM1): OTM1 strangle, same trigger; re-sell the current OTM1. Δ-matched means the closest priced strike, searched within ±6 (NIFTY), ±7 (BANKNIFTY) or ±10 (SENSEX) strikes of the current ATM. 'max N' = most adjustments per day. The stop-loss stays a % of the original premium. Adjustment orders are included in costs.