Which is better platform Sensibull or Opstra for Option Traders?

Short Answer

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.

Detailed Answer

To determine which of the two platform sight be better, we have to go in-depth and check out the pros of cons for each and see what we can determine as the better platform. Let’s get started.

Pros of Sensibull

• The platform comprises a strategy engine to help in effective trading.

• A sleek and simple user interface for trading in the options market.

• Options analyser, event calendars are some of the many features that make it interesting to use.

• Complex strategy execution in the options market made simple through Sensibull.

Cons of Sensibull

• Options trading output based on your inputs and not on market variabilities.

• Pricing is relatively higher and might not suit many traders.

• Risk and reward oriented filtering in strategies is unavailable.

• Good knowledge of options strategies is required to understand the platform and use it optimally.

Pros of Opstra

• The dashboard features allow traders to see all their potential investment and other potential investment options.

• Volatility skew analysis is carried out effectively.

• Options algorithm to make trades effective and better.

• Open interest analysis charts and representation.

Cons of Opstra

• Complex to use given its compact user interface.

• Many of the popular features used in options trading are absent.

• The fee of using the tool might not suffice my options traders.

Bottom line

With that being said, it all comes down to personal preference. If you want something packed with features and would help you out extensively as a beginner options trader, then Sensibull is the one for you. However, if you are an expert and what the best, then Opstra should suffice that criteria.

Comments (3)

    Sensibull is comparatively easy to understand and easy to execute however, when it comes to Opstra, it is tough and an individual needs to be well acquainted with option trading to avoid errors. The pricing is also a factor in this case so it is essential for the traders to understand which one suits them the best as it also depends on their preference. He/she should know which one will be advantageous and will fulfill their criteria. Good luck with your selection and trading.

    Sensibull is a learner-friendly platform that does offer tools that are easy to understand and execute. However, with Opstra, things can get difficult to understand and use, especially if you're a learner. Do keep in mind that both of them are tools that offer explicit services, provided you know how to take complete advantage.

    Sensibull is available at Bargain prices at times. Zerodha & Angel Broking offer great discounts for Sensibull all the time, but Opstra never gives such discounts. If one manages to subscribe to Sensibull at a discounted price then Opstra is clearly out of the picture as Sensibull is slightly better of the two, Thanks to its great UI & very useful Mobile App.

Related FAQs

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.

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 Call Option and Put Option?

Options are a form of conditional derivatives policy that allows the holder to buy or sell the key asset at a fixed price before or after the agreement expires. The two most impactful options are Call Options and Put Options.

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.

Angel Broking vs. Paytm Money - Which is better?

Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.

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 an Option Spread? Meaning, Types & Examples

Option Spreads are usually used to hedge a position and try to increase the chances to make money. By doing this we limit our profits but most importantly we minimize our losses that is the most important part in trading, which is to preserve our capital.

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 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 Zerodha better than Paytm Money?

Yes, Zerodha is much better than Paytm money, thanks to the discrete offerings that Zerodha brings to the table. Zerodha has been in the stock brokering business for a decade whereas Paytm money was founded in 2017. The experience, knowledge, tools, and trading options provided by Zerodha are quite prominent and useful when compared to Paytm money.