As a beginner, Which is better platform Sensibull or Opstra for Option Traders? I want to start option trading but have no idea which is best?
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- Updated On:19-Sep-2025
- Replies:8
Short Answer
Sensibull and Opstra, which is better depends largely on your trading needs: Sensibull is better suited if you want a simpler, more beginner-friendly tool with good strategy building, educational content, and moderate cost. Opstra is better for experienced or professional option traders who need granular analytics, backtesting, intraday data, volatility surface/skew, and want tools that can handle complex strategies.
Detailed Answer
To determine which of the two platform sight be better, we have to check out the benefits and drawbacks for each and see what we can determine as the better platform. For a quick review, you can go through the Pros and Cons of both the Option Trading Platforms. But, if you want an in-depth analysis, you may scroll down to collect details on Option Trading, and two popular software Opstra and Sensibull.
Sensibull: Features and Highlights
Sensibull positions itself as a beginner-friendly options trading platform with a strong focus on simplicity and learning. It is widely integrated with brokers like Zerodha, Upstox, and ICICIDirect, which makes it accessible for retail traders.
Key Features of Sensibull
Here are some of the key highlights of Sensibull that can guide you decide which Option Trading platform is better.
1. Strategy Builder
Sensibull allows traders to create multi-leg strategies such as straddles, strangles, spreads, and iron condors. The payoff charts make it easy to visualize potential profit and loss.
2. Ready-Made Strategies
For beginners, Sensibull offers predefined strategies suited for bullish, bearish, or neutral market conditions.
3. Practice Trading
You can test strategies with virtual money before committing real capital, which reduces risk and accelerates learning.
4. Broker Integration
Trades can be executed directly through supported brokers, making it seamless to move from analysis to action.
5. Market Analysis Tools
Sensibull provides option chains, open interest charts, volatility indicators, and FII/DII data.
6. Education & Learning
Perhaps one of Sensibull’s strongest features, the platform comes with tutorials, blogs, and guides that simplify complex concepts for new traders.
7. Recent Updates
Sensibull has added tools like Conditional Exit, which allows automatic exit when certain market conditions are met, improved basket order execution, and synthetic futures analysis.
Why Choose Sensibull? Benefits
- Very user-friendly interface, suitable for beginners.
- Lower cost plans, with free tiers available.
- Strong educational ecosystem.
Limitations of Sensibull
But, it also has limitations:
- Backtesting tools are not as advanced.
- Some features are locked behind paid plans.
- Mobile app experience, while improving, still lags behind its web version.
Features of Sensibull in Tabular Form
Here are key capabilities, strengths, and recent changes in Sensibull.
| Category | What Sensibull Offers | Why It Matters / Use-Case |
| --------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Strategy Building / Strategy Tools | Strategy Builder: Allows you to build your own option strategies (multi-leg), see payoff charts, adjust lots/strike, view Greeks etc. <br> Ready-made strategies: call spreads, put spreads, straddles, strangles, iron condors etc. | Helps traders (especially beginners/intermediates) to quickly test ideas, compare strategies, learn how risk/reward changes with strike or premium. |
| Analysis & Market Data | Option chain (basic & advanced): includes premiums, open interest, probabilities, Greeks, implied volatility, etc. <br> Open Interest charts & multistrike OI; FII / DII data; PCR / IVP / Volatility charts; live / near-real time options and futures data; stocks heatmaps; watchlists. | Essential for seeing market sentiment, where traders are placing their bets via open interest, how implied volatility is behaving, filtering for trade setups etc. |
| Trade Execution / Broker Integration / Practice | Integration with brokers (Zerodha, Upstox, ICICIDirect etc.) so some trades can be executed directly from Sensibull’s UI. <br> Practice Trades / Draft Portfolios: virtual trading to learn / test without risking capital. <br> Basket Orders: ability to place multiple legs/orders at once. | Good for reducing friction, risk control, and testing strategies live before committing real funds. Basket trades are especially useful for multi-leg strategies. |
| User Experience / Learning / Education | Educational content: video tutorials, strategy guides, blog posts. <br> UI/UX features: watchlists, heatmaps, clean payoff visualization; “Easy Options” for beginners to pick safer trades. <br> Recent feature: Conditional Exit (wrapper over broker alerts), enhanced open interest pages, synthetic futures. | Makes onboarding easier; helps users understand risk & reward; keeps learning curve manageable; helps avoid costly mistakes. Recent improvements address trader feedback (e.g. conditional exit replacing alert). |
| Limitations / Areas for Improvement | Backtesting / paper / intraday simulator are less deep compared to some competitors. Some features (alerts, more frequent data) have been removed or changed. <br> High-end analytics features are behind paid plans; mobile app sometimes lags in polish vs web. <br> Some users want more immediate / granular metrics (e.g. better or more flexible P&L / LTP tracking). | If you are an advanced trader needing minute-by-minute data, lots of custom backtesting, or very fine control of trades, these gaps matter. Also, cost vs value trade-off if many features are paid or restricted. |
Opstra (Definedge): Features and Highlights
Opstra is designed for intermediate to advanced traders who want deep analytics, backtesting, and high-frequency market insights. While Sensibull focuses on simplicity, Opstra dives deep into data, making it attractive for those who thrive on analysis.
Key Features of Opstra
Here are some of the key highlights of Opstra that can guide you decide which Option Trading platform is better.
1. Advanced Strategy Builder
Just like Sensibull, Opstra provides a multi-leg strategy builder. However, it goes further by allowing in-depth risk/Greek analysis and saving strategies for simulation.
2. Backtesting & Simulation
Opstra PRO stands out with its backtesting capabilities. You can test strategies using both end-of-day (EOD) data and intraday (5-minute interval) simulations.
3. Volatility Tools
Unlike Sensibull, Opstra provides a full volatility skew and surface, giving traders a 3D perspective on implied volatility across strikes and expiries.
4. Open Interest & Futures Dashboards
Traders get insights into futures buildup, sector heatmaps, open interest changes, and market-wide position limits.
5. Intraday Updates
With the PRO version, data updates much more frequently (1- to 3-minute intervals), making it suitable for intraday traders.
6. Custom Dashboards & Portfolios
Opstra allows paper portfolios, virtual accounts, and monitoring of multiple strategies at once.
7. Recent Enhancements
Definedge has been adding more features to its mobile app, including futures dashboards and faster intraday charts.
Why Choose Opstra? Benefits
- Powerful analytics for serious traders.
- Detailed insights into market structure and institutional positioning.
- Robust backtesting and simulator for fine-tuning strategies.
Limitations of Opstra
However, Opstra does have drawbacks:
- Requires a Definedge Demat account for full access.
- Higher subscription cost for the PRO version.
- A steeper learning curve, which may overwhelm beginners.
Features of Opstra (Definedge) in Tabular Form
Opstra is more analytics-rich, aimed at more serious options / F&O (Futures & Options) traders. Here are its tools and capabilities.
| Category | What Opstra Offers | Use-Case / Why Traders Use It |
| ----------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Strategy Building, Backtesting & Simulation | Strategy Builder: build multi-leg strategies, view payoff charts, analyze Greeks, save as paper or custom portfolios. <br> Options Backtesting: test strategies historically (daily/EOD) and simulate trades on intraday basis (5-minute intervals) in PRO version. <br> Options Simulator: simulate without actual risk. | Helps advanced users test strategy behaviour under past market conditions, refine timing, evaluate P&L under many scenarios, improve confidence. |
| Data & Analytics / Market Sentiment Tools | Option Chain Analysis; Put-Call Ratio (PCR); Open Interest histograms & change in OI; Volatility Skew & Volatility Surface (3D representation across expiries & strikes). <br> Futures Dashboard: futures open interest, futures buildup, heatmap, moving averages, etc. <br> FII / DII data (cash and derivatives), Total OI, market-wide position limits (MWPL), etc. | Crucial for traders who trade around market structure, wanting to analyze where institutional traders are positioning, recognizing skew anomalies, evaluating risk premium across strikes and expiries. |
| Intraday / Live / Update Frequency | In PRO version: more frequent updates (1 minute, 3 minute for OI), intraday charts, live data on many indicators. Basic plans have delayed or 15-minute updates for many features. ) <br> Mobile app updates: futures tools on mobile, intraday data for futures, moving averages etc. | For traders doing intraday or short-term trades, speed and update frequency are key — latency can mean missed opportunities or risk exposure. |
| Tool Variety & Dashboarding | Options Dashboard: filtering stocks/options, tracking IV charts, EOD movement. <br> Results Calendar / Historical Results: earnings, past data of companies. <br> Multi-strike straddle / multi-leg charts. <br> Heatmaps, sector-wise / stock-wise performance. <br> Paper portfolios or custom portfolios. | Makes monitoring broad market trends easier; helps in scanning for setups, risk management, balancing portfolios; supporting both tactical & strategic decision making. |
| Cost / Access & Free vs PRO | Free / Basic plan with many useful features (though update frequency slower / some features restricted). PRO plan for advanced tools – backtesting, advanced data, live / intraday etc. Must have a Definedge Securities Demat account for full access. | Trade-off between cost vs what features are essential. Advanced users may find PRO worth it; beginners may be fine with free/basic or lower-cost plan. Having a Demat account is a non-negotiable requirement for full use. |
| Limitations / Challenges | More complexity: data overload, steeper learning curve. <br> Interface may not be as easy for very new traders. <br> Cost higher for PRO and advanced update frequency; some traders may use only certain subsets of features, so paying for full PRO might be overkill. <br> Mobile app sometimes lacks some polish or full feature parity with desktop. | If you don’t frequently use the advanced analytics, a cheaper simpler platform might serve you. Also, the time cost to learn where everything is, how to interpret skew, etc., is non-trivial. |
But the main question lies, Which one of them is a better platform for Options trading?
Opstra vs. Sensibull - Which Platform Should You Pick?
Your choice comes down to your trading experience and style:
1. Pick Sensibull
If you are new to options trading or want a simpler, more guided experience with educational resources and broker integrations.
2. Pick Opstra
If you are an advanced trader who needs in-depth analytics, volatility surfaces, backtesting, and intraday data updates to fine-tune complex strategies.
Sensibull vs. Opstra : Side-by-Side: Key Tools / Features Comparison
| Feature / Tool | Sensibull | Opstra (Definedge) |
| --------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Strategy Builder (multi-leg, payoff charts) | Yes | Yes |
| Backtesting & Simulator (intraday / EOD) | Partially limited or less granular; no full intraday backtest in many plans. | More advanced, especially in PRO — intraday simulation, historical charts etc. |
| Open Interest + Change in OI / Strike-wise OI | Basic & Advanced | With more depth, longer histories, total OI etc. |
| Volatility Skew / Surface | Limited / less prominent in base plans | PRO: full volatility skew, surface across strikes & expiries. |
| Put/Call Ratio (PCR) + Sentiment Indicators | (PCR, IVP etc.) | (PCR + dynamics, PE-CE, etc.) |
| Futures Analytics (NIfty/BANKNifty / Stock Futures) | Has futures data, but perhaps less dashboarded analytics vs Opstra. | Rich futures dashboard, open interest, heatmaps, buildup etc. |
| Educational / Learning Support | Strong: guides, pre-built strategy library, video content, drafted portfolios, etc. | Good: blogs, explanations, but more focused on data tools; fewer “starter/training” features? |
| Mobile App Features / Updates | Solid; some lag reported in certain features; recent improvements like conditional exit, more - user feedback is mixed. | Mobile tools improving (futures dashboard, open interest, intraday tools), though desktop/web still often more powerful. |
Opstra or Sensibull - Which is better?
For beginner and intermediate option traders, Sensibull is generally the better choice due to its user-friendly design, affordable plans, and strong educational support. For advanced traders, however, Opstra is superior, offering powerful analytics, backtesting, and real-time data for complex strategy building. The best platform depends on your skill level and trading goals.
Which Option trading platform do you use, and what has been your experience with it? Sensibull or Opstra - Which is better? What do you think? Feel free to share your thoughts, tips, and suggestions in the comments to help fellow traders make better choices.
Both Sensibull and Opstra are powerful platforms, but they serve slightly different audiences. Sensibull shines as a beginner-friendly, affordable, and educational option, while Opstra caters to advanced traders who want deeper analytics, backtesting, and faster intraday data.
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Discussion (10)
Sir can I trade in option in stock market using opstra definedge as I am demat account holder in angel one. I can directly trade using sensibull app
Without an Opstra account you cannot trade. Having demat account with another broker is not enough. Once you open an account with Opstra you can trade directly. Though you can use this platform to make strategies and use them elsewhere.
Did you find out the solution ?
I am surprised that this article does not mention anywhere that sensibull does not have option simulator feature which helps in backtesting option strategies against the historical data. This point alone should make Opstra a clear winner. I am a paid sensibull user and I am not satisfied that such important feature is still awaited in sensibull. The free version of sensibull in Zerodha is more than sufficient and one should purchase opstra subscription instead of sensibull as I have done now.
Yes, Sensibull doesn't have a simulation tool as well as a backtesting tool, while Opstra has both, but Sensibull has a better interface, especially its options strategy window is far better and more responsive than that of Opstra. I have done a detailed comparison on my blog by analyzing all these points: @ https://tradetranz.in/sensibull-vs-opstra-which-is-better/
Opstra is much better to learners, free for simple off line analysis, and even to traders just before taking trade. Sensibull is money minded, not so useful for learners, and has a risk of getting executed through Zerodha basket by mistake, which once happened to me.
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.
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rohit.algoiq
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