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

  1. All the features and benefits from the lite and free plans.
  1. There are IV charts that can be accessed for easy options trading.
  1. Elaborative currency option information.
  1. Get a brief overview of your trades and positions in the options market.
  1. Users have the freedom to build their strategies and implement them while trading for an effective outcome.
  1. There are more strategies, including the pro plan with various suggestions and alterations made as we speak.
  1. Statistical tools are powerful that provide close to accurate data and results for all your endeavours.
  1. Upcoming changes are coming to the pro plan providing features such as off-price detection, real-time price detection with rising & fall, and more.
  1. 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

  1. 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.
  1. 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.
  1. 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.
  1. 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.

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Discussion (1)

    Looking at the features, Sensibull justifies its price. It offers many advanced tools such as strategy builder, options wizard, Easy Options, etc. This makes the process of options trading quite automated. In addition to that, it is integrated with most of the brokers which make trading with them even easier.

Related FAQs

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.

Is Opstra Options Analytics good strategy builder?

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.

Is Quantsapp a good online options analytics platform for option traders?

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.

Which is better platform Sensibull or Opstra for Option Traders?

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.

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.

What is Sensibull Option Chain?

Sensibull is an online Options trading platform that provides various Analysis tools that can be used to have a better understanding of the Options as well as to create and deploy various Option Trading Strategies that can be used by Investors & traders to Speculate as well as Hedge their existing portfolio. The Option Chain is an important feature of Sensibull. It is discussed in detail below.

How to use Opstra Options Strategy Builder?

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.

Is Opstra options Analytics platform or app free?

Opstra Definedge is an Options analytics platform that provides various tools and screeners to find out the most effective strategies and implement them. Opstra is an excellent platform for beginners as well as advanced options traders who want to build new Option trading strategies and backtest them. Opstra provides many features such as Options Backtesting, Options Simulator, IV chart, OI (Open Interest), and much more.

How much money is required for Options trading?

Options trading involves two aspects. One is options buying and the other is options selling. To buy an ATM option you will require around Rs 10,000 to Rs 25,000 per lot for an Index or stock option. On the other hand, you will require close to Rs 95,000 to Rs 1,50,000 for selling 1 lot of index option. These amounts change with respect to the time remaining to expiry and other market conditions.

What is virtual trade in Sensibull?

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.