Opstra Option Strategy Builder is a platform where option analysis and strategy is available. It is a type of tool for traders for options and futures. Both new and expert traders can use this simple interface platform. Opstra option strategy builder is known as Opstra definedge.
The opstra option chain helps traders to see numerous aspects of ‘call and ‘put’ options with strikes and expiry dates.
How to Use Opstra Option Strategy Builder?
Step 1: Open the ‘Portfolio‘ tab in your Opstra options analytics builder account. It is on the top left side of the page. Then, a menu will be shown; click on ‘Strategy Builder.‘ Then, you will be taken to a strategy builder. On that page, you can build your strategies according to your preference.
Step 2: You will have to decide whether you want to develop your strategy on options or futures or not. From the ‘select segment’ menu, click on ‘options.’ Only choose if you want to use the options approach. After choosing the type, decide the expiry date when you want to apply your strategy. You can choose any expiry date according to your strategy.
Step 3: You have to decide the strike price for your plan in Opstra options analytics builder account. Strike prices are categorized as At the money, In the money and out the money. According to your strategy, you have to select one from them.
Step 4: Then, you have to choose between the ‘call‘ and ‘put‘ options. Please select one of them from the option type section.
Step 5: After that, decide whether you want to go for ‘option buying strategy or option selling strategy or hybrid strategy. In a hybrid strategy, you can use both buying and selling strategies. Select any one strategy from the options.
Step 6: In the next step, tap on ‘add position‘ and choose the quantity you want.
By following these steps, traders can easily build option strategies on the Opstra option strategy builder. The traders can easily create their strategies and analyze them on Opstra definedge.
Features of Opstra Option Strategy Builder
1.Open interest analysis: Opstra options analytics builder provides open interest charts to the traders. The platform provides many data points, such as the put-call ratio. The open interest chart is very beneficial for traders.
2. Options dashboard: The traders can see F&O stocks and indexes in the Opstra definedge dashboard. Traders can easily see the index data and stocks on one platform. They will not have to use other platforms to see the data.
3. Options Algorithm: This feature helps the traders to see option trading opportunities. Traders can take advantage of it and place a trade. Ostra allows users to select the stocks in which they want to get opportunities to trade.
Opstra option strategy builder is the best platform for options and futures traders. They can see the Opstra option chain on one screen, which is beneficial for them.
Traders can either choose a free plan or buy a plan to get more functions and features. Many traders use this platform to buy and sell, and they earn huge profits. Opstra definedge is an advantageous tool for beginners and experienced traders.