The spot market is considerably different from the futures market. While you may have some experience trading equities in the cash and delivery markets, moving into the derivatives market and getting started with FnO trading is a very different story. Uncertainty over how to execute futures or options deals can result in big losses for many traders. While there are various trading methods you may use to boost your profits, multi-layered systems might be confusing. Additionally, developing and executing customized options trading strategies on your own may be tough. Let see how Opstra Options Strategy Builder gives you the right strategy for options trading.

Opstra Options Strategy Builder

The Opstra Options Strategy Builder is a tool for traders of options and futures. Options Simulator, Options backtesting, IV (Implied Volatility) Chart, Option Chain analysis, and many other tools are available for trading derivatives. This platform is suitable for both novices and expert traders since it has all of the required features for both groups.

Opstra Definedge, also known as the Opstra options strategy builder, is an options trading platform with a variety of features. Opstra’s features include a Strategy Builder, Options Backtesting, Options Simulator, Algorithm, and more.

Opstra’s Key Features

Users of Opstra can take advantage of a variety of features, including:

Options Algorithm

Opstra has numerous features, one of the most notable is the platform’s options algorithm. It enables users to locate options trading opportunities and take advantage of them by placing a trade. Opstra gives users the option of selecting the underlying asset in which they want to look for trading opportunities.

Open Interest Analysis

The Open Interest chart is one of the most important tools for derivative traders. For both Stock and Index options, Opstra gives the Open Interest chart as well as a variety of other data points such as the PCR (Put Call Ratio), Max Pain, Change in Open Interest, and so on.

Options dashboard

Opstra Definedge offers a dedicated dashboard for all options data, including all F&O indexes and stocks. Traders will no longer have to switch between platforms to view stock and index data.

These were some of Opstra’s most notable Options features. Other features for Futures traders are also available. FII and DII data, event calendars, strategy builder, historical data, and many other features are available.

Is Opstra Options Strategy Builder a good software?

Given the aforementioned qualities, Opstra Defineedge can be considered an excellent platform for Options traders.

All of the necessary tools are included, including OI analysis, Options backtesting, Strategy Builder, and many others. As a result, Opstra is an excellent platform for futures and options traders.

Opstra can also be used to build and backtest strategies without risking any money. Backtesting does not necessitate the expenditure of any funds.

Another unique aspect of Opstra is that it offers a free subscription that allows users to access basic tools such as the basic Option Strategy Builder. This is a FREE tool that allows users to construct their options strategies.

How to Use Opstra Options Strategy Builder?

Opstra is a flexible platform with a wide range of capabilities. A newbie trader, as well as an established trader, can find beneficial tools in Opstra. Let’s have a look at how to use the Opstra Strategy Builder. Opstra is primarily used in the development of options trading strategies. The stages to creating a strategy in Opstra are as follows:

1) Open Opstra Definedge and go to the Portfolio tab at the upper left of the screen. From the drop-down menu, then select ‘Strategy Builder’. You’ll get redirected to the strategy builder, where you can create your strategies based on any underlying.

2) Once you’ve decided to develop a strategy, you’ll need to choose whether you want your strategy to be built on Options or Futures. Select “Options” from the ‘Select Segment’ menu if you want to use an option approach. Select the Expiry on which you wish to implement your plan after you’ve chosen the type. There are weekly and monthly expiration dates listed. As a result, depending on your plan, you can employ any expiry option.

3) After you’ve chosen the Expiry, you’ll need to choose the strike price for your strategy. Strike prices are classified as OTM (Out of the Money), ATM (At The Money), and ITM (In the Money). You’ll have to choose one of them based on your preferences.

4) The next step is to decide which type of Option you would like to use. It can either be a Call or a Put option. As a result, under the ‘Option Type’ field, select Call or Put.

5) After you’ve chosen the strike price and type (Call or Put), now you need to decide if you want to use an Option Buying strategy, an Option Selling strategy, or a hybrid approach (combination of buying and selling). Select Buy or Sell as the strategy type when you are sure of it. Select the necessary quantity after this step and click *Add Position* to complete the process.

Creating Option Strategies on Opstra is quite simple. Even a novice can build and test their methods on Opstra. The Strategy Builder is also available for free on the Free plan. Options traders will find it much more enticing as a result of this.

Final Words

To summarise, the Opstra Option Analytics strategy creator is a fantastic tool for both new and experienced Option traders.

The Free plan in Opstra has many functionalities for novices. The Pro plan also comes with a plethora of tools and features.

As a result, you can choose a plan that best suits your demands and get the most of this platform.

The User Interface is straightforward, but it contains all of the important features.

This platform contains far more than the necessary tools for a user. The sole disadvantage of this platform is that it does not allow users to directly make (Buy and Sell) deals. However, Opstra Options Strategy Builder is the most reliable tool in the market for traders.