How to read it
Three parts of a view
Direction decides the shape of the payoff. The volatility view decides which of those shapes work with vega and which against it. Time decides the chain: a weekly expiry a few days away, or a monthly expiry weeks away.
How a match is made
A template matches the direction when its payoff has the shape of that view. It is shown as a fit when its vega is not against the volatility view; otherwise it sits in the folded list. Everything shown is computed from the legs, not hand labelled.
Read a card
The thumbnail is the payoff at expiry for one lot, with profit above the dashed line. Premium is what the legs cost or collect. Max gain and max loss are over the range of the chart. Theta is rupees a day and vega rupees per vol point, at today's prices. Defined risk means the loss is capped.
Open risk is a fact about the payoff
A sold option with no bought wing has a loss that is not capped. The choosing a strategy by view module goes through the logic, and the payoff builder, linked on each card, lets you change the strikes.
What it leaves out
The templates are fifteen common ones with fixed strikes around the at the money strike, not the whole space of strategies. Premiums are settlement prices, not what a trade would get; spreads, charges and margin are not included. The payoff is at expiry, so the value before expiry follows the Greeks instead. A match says how a payoff lines up with a view; it does not say the view is right, and no ranking here is a recommendation.