What is Sensibull Option Chain?

Short Answer

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.

Detailed Answer

Sensibull is India’s First Option trading platform that allows its users to get access to many important trading tools for Options. Sensibull was founded with the vision of making the retail traders win against the Big Institutions.

Sensibull: Features

Sensibull provides many features such as-

1. Strategies Engine- Here if you have a current analysis on a particular stock or Index then Sensibull helps you to choose the right Strategy for your target.

2. Options Comparison- If one is not certain about the strike price that they want to select then in Sensibull one can compare Options side by side and choose the one according to their needs.

3. Single Click Strategies Execution- Sensibull allows users to Implement multi-leg option strategies such as Iron Condor, Spreads & Butterfly strategies with just one click where all the Options gets executed simultaneously,

Apart from these, there are many great tools that Sensibull offers but one main highlight of Sensibull is its Option chain.

Sensibull Option Chain

Sensibull Option chain provides an Enhanced form of the Option Chain analysis that can be interpreted by Option Traders and Investors to interpret to current Market Mood.

The Sensibull Option Chain has many advanced features, some of them are mentioned below-

  • Real-Time Greeks
  • IV Percentile
  • Change in IV
  • PCR (Put Call Ratio)
  • ATM (At The Money) IV

All these features make Sensibull an ideal choice for traders because these parameters are quite important while making new positions or modifying existing positions. Let's understand the use of some of these features.

1. IV Percentile- the IV (Implied Volatility) is a parameter that decides the rate of change in the option prices. The change in IV is used by traders to decide whether to deploy Price Neutral strategies or Direction strategies. Sensibull shows the IV percentile in individual Strike prices of all expiries.

2. Change in IV Percentile- This feature is unique in Sensibul that tells the exact percentile change in the Open Interest and IV in a particular strike price in real-time. This decreases the work of a trader and analyst to calculate the percentile values of each strike price.

3. ATM IV- ATM or At The Money IV is the IV of the strike price in which the Underlying asset is being traded currently. This is a feature that is not provided by any other software. One has to manually check the IV of the Strike price that is presently ATM but Sensibull makes the job of monitoring the ATM IV very easy.

The Sensibull Option Chain looks very aesthetically pleasing. It is very easy to understand and the UI is very simple to read. The change in the OI is depicted in Red and Green bars which are very easy to read. A brief view of it is shown below-

option chain...jpg

Apart from the Options chain, there is another important tool that Sensibull provides that simplifies reading the Option Chain, That is the OI Analyzer.

It is a one-of-a-kind solution to decode the Option Chain. It has basically 3 parts-

  1. Change in OI with the change in the underlying asset in Real-time- This shows the chart of the change in the OI in real-time. It is similar to reading Candlestick charts but of the change in OI (Open Interest). This is useful to judge the upper hand of the Buyers or the Sellers. It also tells that how the underlying asset moves with the change in Call & Put OI, along with the PCR (Put Call Ratio).
  1. OI vs Strike price- This is a component of the Option Chain but not just any Option Chain. This feature lets you analyze the Option Chain for any previous time period. This tool is important to determine the Support & Resistance points based on previous OI.
  1. OI Change- This feature tells the change in the OI (Open Interest) within a certain time period. One can add any number of days for which he wants to know the change and it can do it easily.

Conclusion-

All the above features discussed above make Sensibull a top pick for traders and investors who want a good and easy-to-use tool that fulfills all their requirements and gets the job done without any fuss. Sensibull is a very useful analysis tool that can be used to analyze the Option Chain and the Open Interest with various tools and parameters.

Tagged With: sensibullsensibull option chainoption tradingsensibull option trading
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Discussion (3)

    Yes, in Sensibull, you can get access to the Options Chain where you can get all the essential features such as 'IV', change in Open Interest % (OI), LTP of Call Options, and Put Options, and much more. The OI chart shows the total open interest in individual strike prices with the help of colored bars which makes it pretty easy to understand. To perform advanced OI analysis, you'll have to subscribe to any of the paid plans, available on the platform.

    can i see option charts in option chain

    can i see the options charts in option chain

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 Sensibull Pro Worth it? How good is the Options Trading Platform?

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.

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.

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.

Which Options Greeks should you know about before Trading Options?

Options Premiums are primarily made up of two values. Intrinsic Value and Time Value. Whereas the change in the price of the Option premiums is dependent on five factors called Option Greeks. These are Delta, Gamma, Theta, Vega, and Rho. Know more about options greeks and which Greeks should a trader keep an eye on while trading Options.

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 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.

Which is the best time frame for Options Trading?

Options Trading is a risky business and options traders have to look at various parameters before taking a trade. Choosing a time frame is one of the factors in options traders. Both option Buyer and Sellers use different time frames to trade. Let's see which time frame is most useful for options buying as well as selling.

What is the minimum amount required for Options Trading in India?

Options are of two types- call option and put option. You need quite an amount of money to trade in options because it has costs such as premium, brokerage. etc. To know more about the topic, read the detailed version.

Can I trade in US Options from India?

Yes, individuals can trade US options from India. There are many platforms as well which allows the individuals to trade internationally, it just depends on them what they are comfortable the most with and prefer trading from.