Planning Trades with Sensibull - DallalStreetInvestor

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In this post, we will be looking at some of the very cool features of Sensibull (trading platform) and how we can use them to make our trading effective.

WhatsApp Alerts

Using Sensibull, we can place alerts on Stocks, Indices, Futures & Options (call & put).

As a trader, we always need to capture breakout & breakdown and this feature helps us to avoid looking at the screen the whole day.
This feature of Sensibull is completely free.

Option Price Calculator

Most of the retail traders who trade in options, buy options in order to make quick money.
As we know as option buyer our risk is limited to the amount of premium paid but that premium amount is very volatile.

Option premiums can easily shoot by 30-50% or can decline by 40-60% in just a day.

Therefore, if you are an option trader with small capital, you should try to use the option calculator to find your expected profit or loss.

Here is an example, how easy it is to calculate future option premium bases on stock or index price movement.
In this example, we have bought HdfcBank 900CE 28 May expiry on 22Apr. And we are expecting HdfcBankto reach 880 by 27Apr 3:30 pm.

Using sensibull, we can easily see that there is high probability that call options buyers will lose money instead of making some.

IV Calculator

If you are trading in options then as an option buyer or seller it is very important to check IV of a stock.
Generally, it is advisable to avoid selling options when IV is low, and buying them is considered more profitable.
Same way, it is advisable to avoid buying options when IV is high and selling them is considered more profitable.

Using Sensibull, we can get IV chart of any Stock or Index over the interval.

Option Strategy Wizard

Most of the retail traders, do not come from a financial background and it is difficult for them to create strategies on options.
Here Sensibull option strategy wizard comes to rescue and we can create an option strategy based on mentioning a simple view on the stock.

As an example, we have taken BhartiAirtel and we are expecting a range-bound movement between 575 and 595 prices.
Now Sensibull option strategy wizard has automatically suggested 22 trades based on required capital and ROI.

Option Strategy Builder

When we create or deploy option strategies, it is very important to calculate expected payoff based on stock or Index movement.
Here Sensibull option strategy builder remove that burden by creating a simple pay off graph of our strategy.

For example, we are taking a range bound view on nifty and expecting it to remain between 8500 and 9500 price. Therefore we have created a short Strangle on Nifty.