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.
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.
Quantsapp has many features, but some of them are unique and useful. A couple of them are mentioned here.
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.
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.
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.
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.