Is Sensibull Pro Worth it? How good is the Options Trading Platform?
Short Answer
Sensibull Pro is a package offered by the company in terms of options trading. Features such as a statistical tool, strategy implementation advice, custom strategy build, IV charts, currency options, and more make it unique and different from the other plans. If you're serious about trading in options and are looking for a concrete structure in trading in options, then the pro package of Sensibull makes complete sense.
Detailed Answer
Sensibull is quite a nascent company that was started to allow users to trade in the stock market's options division. It targets small traders and investors looking to make their investments in the options market by giving them a robust trading platform. These plans include free, lite, and pro plans. The lite plans cost 800 rupees a month while the pro plan costs 1,300 rupees a month.
Is Sensibull Pro Tool worth the money?
The pro tools come with an extraordinary level of features and services that would provide you with the best trading experience in the options market. All the benefits that one can reap from the pro plan is given as follows:
Benefits of Sensibull Pro Plan
- All the features and benefits from the lite and free plans.
- There are IV charts that can be accessed for easy options trading.
- Elaborative currency option information.
- Get a brief overview of your trades and positions in the options market.
- Users have the freedom to build their strategies and implement them while trading for an effective outcome.
- There are more strategies, including the pro plan with various suggestions and alterations made as we speak.
- Statistical tools are powerful that provide close to accurate data and results for all your endeavours.
- Upcoming changes are coming to the pro plan providing features such as off-price detection, real-time price detection with rising & fall, and more.
- With these many advantages that the pro plan offers, it does cost a pretty penny of 1300 rupees, which is discounted most of the times where the price can range from 950-1000 rupees. While everything might seem beautiful, there are some cons that one should consider before choosing the pro package.
Drawbacks of Sensibull Pro Plan
- No matter how feature-rich the platform is, there are quite a handful of brokers that the platform supports—making it unusable for a majority of traders and investors.
- No doubt, the filtering of Sensibull pro plans is quite elaborative. But segregating the options based on risk and reward isn't an option with the options trader.
- The pro plan isn't for those that are starting their journey in options trading. Users need to know about options trading before they can pick the plan. If you don't know what you're doing, then it's not a plan for you.
- The cost of the pro plan isn't reasonable. Not every small trader or investor has that much money to invest every month only for options trading.
Sensibull Pro Plan Review
Sensibull Pro Plan has some compelling plus points with a few "not so very" attractive points. Those serious about options trading could use it to the fullest extent. For others, choosing the free plan should be enough. It's worth depends upon the trading, and they're seriousness about trading in the options segment.
Is Sensibull free option trading platform? Sensibull is not a complete free website for option trading but it does offer some free features and also a 7 day free trail. For more details read through the expanded version.
What is the Best strategy for Options Trading? There are many complex Option Trading strategies out there but the most profitable are some of the simpler ones. The top 3 of them are
Long & Short Straddles, Long & Short Strangles and Bull/Bear spreads.
Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing? Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.
What is a Collar option Strategy? When to use it? A collar option strategy is a multi-leg option strategy that involves an existing long position in any security in the Equity or Futures market and buying an OTM (Out Of the Money) Put option and selling an OTM Call option in order to hedge the existing long position from any short term bearishness. The overall Profit and loss are capped in this strategy and this strategy is implemented when the overall outlook of the underlying asset is bearish.
What is an Iron Condor trade in options? An Iron Condor is a 4 legged hedged option strategy that includes selling 1 slightly OTM (Out of The Money) Call as well as 1 Put option and, buying 1 Slightly Far OTM Put & 1 Call options in order to cover the risk of the Naked short positions. This strategy is implemented when the overall outlook of the underlying asset is neutral or rangebound and no major moves in any direction are anticipated. The maximum profit and loss are capped in this strategy, and by hedging, margin benefits can be enjoyed.
What is Uncovered or Naked Options Trading? Naked or Uncovered Option trading is a type of trading/speculating where a Call or Put option is bought or sold by different individuals at the same time expecting different price direction movements. Naked Option trading is a Zero-Sum game which means that the Profit for one is a Loss for the other individual.
What is the Good Delta for Options? Option delta is a segregation under Option Greeks. Option Greeks are used by option traders to decide what kinds of threats their positions are subject to and how many of them are there.
What are Angel Broking Trading Platforms and Apps? Angel Broking Limited is a full-service retail broker providing its services in the Indian subcontinent. There are basically five ways you can trade through Angel Broking that have been discussed here.
Is Sharekhan good and safe for Stock trading and Investing? Sharekhan is a bang average stock brokerage site that offers good services and features in its trading facilities, customer service, and reasonable charges for opening a demat and trading account.
Is Finvasia Safe, Good & Reliable Stock Broker for Trading? Finvasia is as safe and reliable as any other stock broker when it comes to stock trading and investing. It is a relatively new entrant in Indian market, but has established itself in different countries in the past. The activities of all brokers are regularly monitored by SEBI , the apex regulating authority thereby protecting the interest of investors.