Is Opstra Options Analytics good strategy builder?
- Asked By
- Updated On:26-May-2021
- Replies:3
Short Answer
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.
Detailed Answer
What is Opstra Options Strategy builder?
Opstra Definedge which is also known as the Opstra options strategy builder is a platform that provides many tools for options trading. The tools that Opstra provides range from, Strategy builder, Options Backtesting, Options simulator, Algorithm, etc.
Some Features of Opstra
Opstra offers many features to its users, some of them are,
- Options Algorithm- Opstra offers many features but the options algorithm is one of the main highlights of the platform. It allows users to find options trading opportunities and make use of the opportunity by executing a trade. Opstra lets one choose the underlying asset in which they want to find trading opportunities.
- Open Interest Analysis- A major requirement for derivative traders is the Open Interest chart. Opstra provides the Open Interest chart and many other data points such as PCR (Put Call Ratio), Max Pain, change in Open interest, etc for both Stock and Index options.
- Options dashboard- Opstra Definedge has a dedicated dashboard for all the options data like all the F&O indices and stocks. In this way, traders don’t have to switch between platforms to view stocks & Indices-related data.
These were some of the main features of Opstra related to Options. It also offers other features for Future traders. FII, DII data, Event calenders, Strategy builder, Historic data, and many more.
Is Opstra Strategy Builder a Good Platform?
Looking at the above features Opstra provides, it can be said that Opstra Defineedge is a good platform for Options traders. All the important features like OI analysis, Options backtesting, Strategy Builder, and many more tools are provided. This makes Opstra an ideal platform for all Futures and Options traders.
One can also create and backtest strategies using Opstra withing losing any money. As backtesting does not require any money. Another unique feature that Opstra provides is, it provides a free plan under which one can get access to the basic features like basic Option Strategy builder. In this one can create their own option strategies for FREE. Although the tools available in this is limited, beginners can use them to learn more about Options Greeks and various Strategies.
Conclusion
To conclude it can be said that Opstra Option Analytics strategy builder is a good platform for both beginners as well as advanced Optioon traders. Opstra offers sufficient features for beginners in the Free plan. It also offers an ample amount of tools and features in the Pro plan.
Hence according to your needs, you could opt for a suitable plan and make the best use of this platform. The User Interface is simple and yet packed with all the necessary tools. A user will find more than the required tools in this platform. The only drawback with this platform is that one cannot execute (Buy & Sell) trades directly from the platform. Due to this one might have to switch windows in order to monitor their trades as well as look at some data on Opstra.
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Discussion (2)
Opstra Options does provide a strategy builder. However, it comes down to the trader who is looking to build his/her strategy. Hence, the platform does offer tools, insights, and different inputs in curating your unique options strategy for trading purposes. All-in-all a great platform for building your strategy in options trading.
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.
In this current day and age, options trading has become the new cool thing that everyone wants to try. There are many option trading platforms out there that provide various Option trading tools. Sensibull and Opstra Definege are 2 of the most prominent names in the industry.
Both of them provide all the necessary tools like OI (Open Interest) Charts, PCR (Put-call Ratio), IV (Implied Volatility) chart, etc. But the main question lies, which one of them is a better platform for Options trading. Let's find the answer to that question.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
Open Interest is a parameter used by technical analysts and options traders to judge the mood of the market. Open Interest is the total number of outstanding option contracts in a particular strike price of an underlying asset. The OI is an important factor as it defines liquidity and the total number of contracts that are traded at a particular point in time.
Options trading offers many options to traders, investors as well as hedgers. There are some common mistakes that option traders commit. Five of the most common mistakes are, taking too much leverage, not having a pre-defined stop loss and target, acting on tips on social media, adhering to buying options, and taking unhedged trades.
Generating 1000 times returns in the stock market is highly unlikely but not impossible. However, through aggressive trading, scalping techniques, trading in penny stocks, strategies for trading, technical analysis and trading with the market trend, you could get the relevant returns you’re looking for, provided everything favors your decision-making in the desired investment opportunities.
Virtual trade is a feature in Sensibull which allows the users to be educated about option trading by trading in real stock scenario with real money. Sensibull will also helps the users to learn about trading in much detail.
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.
Yes, one can invest in the share market with 100 rupees. So, you can start investing with as little as Rs.100 only. Isn't that interesting? There is no reason as to why one can’t invest in the stock market for 100 rupees.
Intraday is feasible if you have enough capital and are aware of the stock's performance, while F&O helps in the prediction of the price whether it would rise or fall to book profits.
Rishika Agarwal
The Opstra options has a strong strategy building technique. It has best available advanced level charts and tables which can help the individual to analyze their options well. It offers various tools and services for its users and is an all-in-one platform.