Opstra Definedge is a platform that provides many tools and
features to Derivative traders. Both Options as well as Future
traders can make use of this platform. Some of the primary tools of
Opstra are the Strategy Builder, IV (Implied Volatility) chart,
Options Backtesting, Options Simulator, and many more. The Options
Strategy Builder is one of the most intensively used tools on the
platform.
Detailed Answer
Opstra Definedge is an online platform that provides many tools
that are required for Options trading. Some of these include OI
(Open Interest), Options backtesting, Option Simulator, Event
calendars, etc.
Opstra is a versatile platform that offers many features. A
beginner trader, as well as an advanced trader, can find useful
tools in Opstra according to their needs. Let's see how to use
Opstra’s Strategy Builder-
Options Strategy Builder
Opstra is mainly used to build options trading strategies. To
build a strategy in Opstra the following steps can be followed-
Open Opstra Definedge, and click on the Portfolio tab on the
top left hand of the platform. From there click on “Strategy
Builder”. That will take you to the strategy builder part, where
you can make your own strategies on any underlying. The landing
page of the Strategy builder is shown below.
As seen above, The top part is to select the underlying Index or
stocks, on which you want to build a Strategy. Let's take “Nifty”
as an example. Some important price points such as Spot price,
Futures Price, IV (Implied Volatility), IV Percentile of that
particular asset will be displayed for any reference.
Once you have decided to build a strategy, you need to select
Options or Futures in which you want your strategy. If you want an
option strategy then select “Options” from the “Select Segment”.
After choosing the type, select the Expiry on which you want to
implement your strategy. There are weekly as well as monthly
expiries listed. Therefore you can use any expiry option according
to your strategy.
After choosing the Expiry, select the strike price on which you
want to select for your strategy. There are 3 types of Strike
prices-, OTM (Out of the Money), ATM (At The Money), ITM (In the
Money). Chose any of them accordingly.
The next step involves selecting the type of Option that you
want to execute. It can be a Call option or a Put option. Therefore
choose the Call or Put option in the “Option Type”
After you have completed selecting the strike price and the
type (Call or Put), now you have to choose whether it's an Option
Buying strategy, an Option Selling strategy, or a strategy that
involves both(combination of buying and selling). After determining
the type of the strategy, select “Buy” or “Sell” as. Post this step
select the desired quantity and click on "Add Position" to complete
the process.
For example, if you want to set up a Long
Strangle, you will have to Buy 2 OTM options (Call & Put) of the
same expiry of the same underlying asset. As this involves 2 Option
contracts, you will have to add one option and repeat the same
process twice to add the other Option contract. After completing
the process, you will be able to monitor the profit & Loss, Payoff
Graph, Option Greeks, etc.
To conclude it can be said that building Option Strategies on
Opstra is very easy. Even a beginner can create their own
strategies and test them on Opstra. The Strategy Builder is also
icluded on the Free plan which is free to use. This makes it even
more appealing for Options traders.
Ask your
query and our expert community would be happy to help
Discussion (2)
Sunday, June 20th, 2021, 11:53
AM
Opstra Definegde is a platform
which offers various tools which makes it easier for the traders to
understand and analyze the charts and tables. It is very simple and
straight process to build a strategy. It is also available for the
free users making feasible for its customers.
Wednesday, June 9th, 2021, 7:31
AM
Creating a strategy on Opstra
strategy builder is quite a straightforward process. However, do
try to tweak it here and there to maintain its integrity over time.
Also, do figure out the type of plan you pick up to get the most of
what it has to offer.
If you're looking for a straightforward and
comprehensive take on options trading, then Sensibull should do the
job perfectly. However, if you're and expert and want more complex
trading tools, then Opstra is the one to choose.
Opstra Options Strategy builder is a platform
for Options and Futures traders. It provides many tools for trading
derivatives, Some of these include Options Simulator, Options
backtesting, IV (Implied Volatility) Chart, Option Chain analysis,
and much more. Both beginners, as well as advanced traders, can use
this platform as it offers all the necessary features for both
these groups.
Options trading can be done in diverse ways.
You can trade Options in unhedged or Naked positions as well as use
multi-leg strategies to limit the losses. An endless combination of
options can be used to put together a strategy. This can get
complex sometimes. But many simple Option strategies can be used by
Beginners. More of such strategies are discussed here.
Open Interest analysis is a major part when it
comes to Options Trading. A good options trader analysis the Open
Interest buildup and change to determine the market sentiment and
general direction of the market. There are many platforms that
offer the feature of OI analysis. Quantsapp and Opstra Definedge
are two prominent participants in this field. Know which is better
for you.
Trading in India is completely safe as all the
online brokers are registered by SEBI, which is the regulating body
that regulates all the trading activities in the country. Apart
from this, there are certain external risks involved in trading
like Market Risks, Volatility risks, and over-leveraging, etc.
These types of risks can be minimised to some extent by hedging but
cannot be eliminated completely.
As more and more people try their hand in
Options trading, the demand for good Options trading and analytics
platforms is on the rise. There are many online options trading
platforms out there. Know if Quantsapp is a good online Options
Analytics platform.
GTT or Good Till Triggered, is a feature of
Zerodha that lets users execute trades based on a specific price
point. It's quite helpful for those that want to trade in the stock
market but have no time to keep track of their
investments.
Quantsapp is an online Analytics platform that
provides various tools for Options and Derivatives traders.
Quantsapp proprietarily provides various solutions to option
traders in order to increase their profitability. One of its unique
indictors is the "Trap Indicator" which helps traders identify
opportunities based on the trap situations created in the markets.
Discover how it can be utilized.
Head into your Zerodha Streak account, then
click on the create option, following which enter all the fields of
your choice. Click on the finish button to execute the scrips in
your trading strategy.
When it comes to crypto trading there is no
preferred time frame to trade. Since the market is open 24 hours
the traders can trade according to their convenience and when they
feel it's the right time to take up a position.
Disclaimer: The content on this site
is for informational and educational purposes only. This website is
an informational platform only and not a substitute for any
professional advice. The readers and subscribers should take
required professional advice before making any decisions based on
the information given here.
Opstra Definegde is a platform which offers various tools which makes it easier for the traders to understand and analyze the charts and tables. It is very simple and straight process to build a strategy. It is also available for the free users making feasible for its customers.