A few months ago a 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 programme. 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 Zerodha Review, Pricing, Charges.
Here, after discussing Options Trading App Sensibull Zerodha 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.
Sensibull Zerodha 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 stratgies execution, easy usable app, event calender. There are as follows:
Right Options Strategies
Sensibull guide 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 the math for the investors.
Compare
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 App
It is one of the most easily usable apps in the options trading.
Event Calendar
The Sensibull event calender focusses only on the most important events. It not only displays the important events but also notifies about the event risk.
Charges of Sensibull
Now, the charges of Sensibull is free with Kite. Three different plans of Sensibull are as follows:
- First, Sensibull Free: With 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 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 some screenshots are given below:
After log in with 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, there 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 postions and mystrategies (pro).
Under the builder section, you get a mini profit-loss statement which consists of premium, max profit at expiry, max loss at expiry. If you see the screenshot carefully, you can see three of the features are coming soon like breakeven points, capital required, intraday return.
In the call or put section, you can have black scholes calculator. The calculator is a tool to decide between buy call-put, sell call-put. You can read about black 76 model 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 for 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, About us.
Pros and Cons
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 pros and cons of sensibull is described below:
Pros:
- You can access FREELY in Sensibull till 6th Dec (If you have a trading account in Zerodha).
- In sensibull, traders can have different sections which help to analyze options more accurately.
- The sections are broadly divided into four categories such as Option trading, Data, and Analysis, Learning Centre, About us.
- Recently Sensibull has added some of the new features like OI App, Heatmaps, Manifesto.
Cons:
- The FREE access is limited till 6th Dec.
- Sensibull provides one-day old data, it still not shows the live data. Its 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 need 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 are 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.
Ankita is a graduate in English language and she has also done her MBA from the Calcutta University. She has a high knack in the stock markets. An experienced stock market content writer Ankita is also trading on her own account. Ankita is also preparing for the NISM Research Analyst Series XV examination seriously.
Categories: Trading Strategy, Zerodha
Leave a Reply