Is Quantsapp a good online options analytics platform for option traders?
- Asked By
- Updated On:31-Aug-2021
- Replies:1
Short Answer
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.
Detailed Answer
What is Quantsapp?
To begin with, Quantsapp is an online options analytics platform that provides numerous tools and features for options traders. It provides many unique features within its platform that might not be commonly found on other platforms.
Some Unique features that Quantsapp offers.
Quantsapp has many features, but some of them are unique and useful. A couple of them are mentioned here.
Options Synopsis:
Under the Options Synopsis, Quantsapp has many impressive features that anyone can access. The first feature is the “Futures OI”.
This denotes all the F&O stocks along with the increase or decrease in OI along with the direction it is in. Quantsapp portrays the data in a colorful manner with all the appropriate colors for each action such as Long Buildup, Short Covering, etc.
“Options OI”, the second feature under the Options Synopsis is the Options OI. In this place, all the F&O stocks are categorized on the basis of eight parameters, which are, Long, Short, Long Unwinding, Short covering, and vice-versa. With this feature, one can figure out the exact movement of the Open Interest without looking for each and every single stock individually. This tool also provides the necessary information like change % in OI, PC ratio, all in one place which is a convenient feature.
Options Architect:
Under this feature Quantsapp allows users to build and test options and futures strategies. All the necessary parameters such as the Option Greeks are portrayed within this feature which makes it very helpful for the user.
Option Chain:
Now coming to the option chain, Quantsapp has an attractive feature where it integrates all the Option Greeks in individual strike price which makes the job of traders simpler. The upfront data of Delta, Theta, Gamma, Vega can enhance profitability when traded based on these data.
These were some of the Free tools which can be used by anyone. Apart from these, Quantsapp also has some effective tools which are available in the paid version of the platform. Some of the tools available in the Pro version are Straddle Index, Trap Indicator, Volume analysis, Results Analysis, etc.
Is Quantsapp Good for Options Traders?
Looking at the above features, it can be said that Quantsapp offers many good Option Trading tools in the free version of the platform. Although not all the good features are available for free. The paid version of the platform contains some of the advanced levels tools and also the enhanced version of the free tools. This creates a need to switch to the PRO plan of Quantsapp. The PRO version of Quantsapp costs Rs 2950 per month, which is on the higher side when compared to some of the other Option trading platforms like Sensibull and Opstra.
This makes Quantsapp an ideal solution for Traders who want to use the free features. On the other hand, an alternative option might offer better value for money, if one is considering the PRO version of Quantsapp.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
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.
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.
Quantsapp is an online Options analytics platform that provides many tools and features to option traders. It is free to use, but not completely. There are two price models that it offers at present. Both of them provide access to different features and tools. This gives an individual to choose anyone according to their preferences.
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.
Making money off the stock market is no easy feat. It would help if you had a calculated investment while reading the stock market and ensuring that you have all the metrics checked out for making a sensible investment.
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.
Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.