A few months ago the news was released about Zerodha (one of the leading low-brokerage firms in India). It had made a 2.5 crore investment in options trading startup Sensibull. The startup is being incubated under Zerodha’s Rainmatter program. Before proceeding, let’s have a quick look at Sensibull. It is India’s first options trading platform which offers everything from simplified options trading. The offers are mainly applicable for new investors to powerful trading tools for the pros. The main objective of Sensibull is to make options trading safe, accessible, and profitable for all. The content is all about The Options Trading App Sensibull option chain Review, Pricing, and Usage.
Here, after discussing the Options Trading App Sensibull option chain Review, we will present a special description of Sensibull with screenshots. There you can get each and every detail of Sensibull app along with its old as well as newly added features.
FAQ about Sensibull Option Chain
I would suggest using the free version of Sensibull before buying any pro plan. The free version offers many good features that are sufficient for beginners. If you are considering upgrading I would rather suggest opting for Opstra or directly pulling the data into Microsoft Excel from NSE.
A few features of the option chain are free in Sensibull. However, there are many Pro features like Multi Strike OI, Technical Signals, Virtual Trade, IV Chart, etc that are available for a cost.
Yes, I recommend Sensibull for beginners. Even the free features can be properly used to identify the market direction using option chain analysis.
Streak and Sensibull are totally different concepts. Streak is a semi-automated Algo Trading platform while Sensibull is Option Chain Analysis. However, if you ask me the utility among the two I found Sensibull is more useful than Streak.
Sensibull Option Chain Review
Sensibull has different and versatile features. It is one of the leading platforms in options trading. Sensibull presents the following features such as right options strategies, compare single click strategies execution, easily usable app, and event calendar. There are as follows:
Right Options Strategies
Sensibull guides investors to choose the right Option Strategies to achieve the target. Just by knowing stocks and directions, one can invest in options. Zerodha will take care of the math for the investors.
Compare this Options Trading App
There is a facility of comparison is available here. Investors can compare options side-by-side under various scenarios.
Single Click Strategies Execution
It helps to Execute complex strategies such as Spreads, Condors, Butterflies, and so on with a Single Click.
Easy Usable Options Trading App
It is one of the most easily usable apps in options trading.
The Sensibull event calendar focuses only on the most important events. It not only displays the important events but also notifies about the event risk.
Charges of Sensibull Option Chain
Now, the charges of Sensibull are free with Kite. Three different plans of Sensibull are as follows:
- First, Sensibull Free: With a basic Options chain
- Second, Sensibull Lite (Rs.800 pm): at a time track up to 10 lots of sold options position
- Third, Sensibull Pro (Rs.1300pm): at a time track up to 30 lots of sold options positions
Guide to Open Sensibull Option Chain Through Zerodha Kite
In order to access Sensibull FREELY, you need to open an account in Zerodha. The link is as follows.
OPEN AN ACCOUNT IN ZERODHA TO ACCESS SENSIBULL.
Here we have given some screenshots below:
After logging in with the kite, you have to press the authorized options.
It is advisable to watch the basic guide video before trading.
In the strategy section, traders get to see the stock name, view, target, and target date.
Now, come to the section Option Chain, where you can see a selected stock’s calls, puts, strike price, LTP, LTP change %, OI lakh quantity, etc. On the left side of the window, there are nifty future, lot size, date to expiry, PCR, max pain, IV percentile.
Just like Demat account, Sensibull also have positions and my strategies (pro).
Under the builder section, you get a mini profit-loss statement which consists of premium, max profit at expiry, and max loss at expiry. If you see the screenshot carefully, you can see three of the features are coming soon breakeven points, capital required, and intraday return.
In the call or put section, you can have the Black Scholes calculator. The calculator is a tool to decide between buy call-put, and sell call-put. You can read about black 76 models in the section. Sensibull uses an improvised black 76 model instead of the conventional model. The reason behind using the particular model is it basically applicable to the Indian market.
Besides Call or Put, there is a More category. From there, you will get multiple features such as events calendar, FII buy-sell data, Central, Learning Center, Manifesto (Newly added Feature), Order, Subscription, Help & FAQ, Blog, Careers, and About us.
Here are some of the important links, such as:
Pros and Cons of this Options Trading App
Each and every app has its unique features along with pros and cons. Therefore, let’s have a quick look at the pros and cons of the app. So, here, a list of the pros and cons of Sensibull is described below:
- You can access FREELY in Sensibull till 6th Dec (If you have a trading account in Zerodha).
- In Sensibull, traders can have different sections that help to analyze options more accurately.
- The sections are broadly divided into four categories as Options trading, Data, and Analysis, Learning Centre, and About us.
- Also, recently Sensibull has added some new features like OI App, Heatmaps, and Manifesto.
- One can get just small FREE access.
- Sensibull provides one-day-old data, but it still does not shows the live data. It’s expected to see an upgrade in Sensibull soon.
However, as I have stated above that in order to use the entire features and facilities of Sensibull, one needs to open an account in Zerodha. After opening an account, you may access freely in this platform. A link is given below for opening an account in Zerodha.
OPEN an ACCOUNT in ZERODHA to GET FREE ACCESS in SENSIBULL.
However, last, of all, it can be said that Sensibull is offering simplified options trading for new as well as experienced investors. Besides building up trading strategies, it is capable to track real-time profit-loss, greeks, spot trading opportunities, volume breakouts, events, OI, PCR, etc. The leading options trading platform attracts lots of investors for its eye-catching features and benefits.