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.
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-
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.
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.
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.
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.