Introducing Sensibull — the Options Trading Platform

August 13, 2018
Sensibull

Traders,

Options trading is probably the toughest business to make easy money. Yes, it seems easy, but less than 1% of options traders make any money in the long run. The reason for this is because most people trade options as if it were a lottery ticket. Through the Options module on Varsity, we educate many option traders, but knew that there is a lot more to do to get people to move away from just trading naked option buying of Call/Puts to trading strategies where the odds of winning go up substantially.

Find below a post from Abid, [email protected] Sensibull – startup we have partnered as part of our Rainmatter initiative, India’s first options trading platform. The objective is to eventually offer whatever possible to help you stay profitable when trading options and help you stop before losing a lot.


Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.

Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets. Here’s what’s in store:

Strategies Engine

If you have a target for the market or a stock, Sensibull tells you the right Option Strategies for your target. This means you can trade options without knowing options, just by knowing the stock and its direction. We will take care of the underlying math for you.

Spot the best strategies for your view.

Compare Options

If you are not sure which is the best option, compare them side-by-side under various scenarios.

Confused about which option is better? No more!

Single Click Strategies Execution

Execute complex strategies like Spreads, Butterflies, Condors, and so on with a single Click.

Use Basket orders to execute the options in multi-leg strategies simultaneously

Try Strategies Engine

Positions with Strategy Tracking and Real-time Greeks

Group your positions as strategies and see real-time P&L and Greeks.

Tracking positions was never this easy

Try Now

Option Central

The one-stop solution to spot great options trading opportunities. Get IVs, IV percentiles, Events, Volume Breakouts, OI Buildups, PCR etc, all at one place!

Spot great opportunities with little effort

Option Central

Enhanced Option Chain

Easy-to-use and visualise, it gives you the entire OI buildup picture in a glance. It comes with real-time Greeks, built-in events warning, IV Percentile, PCR, etc.

Get the full OI picture at a glance

Go to Option Chain

Black Scholes Analyser

Analyse a single leg call or put option side by side, with scenario analysis.

Simulate different scenarios using the sliders

Black Scholes Analyser

(Not just another) Event Calendar

Sensibull’s events calendar focuses on only the most important events, and cuts through the noise. Not just that, it is connected across the site, so that when you take a trade anywhere in the site, it notifies you about the event risk. It tracks macro events, as well as FNO results.

Protect yourself from events

Event Calendar

Education

Free YouTube webinars on all things under Options Trading.
Sensibull Trading on Youtube

Coming Soon

  • Custom Strategy Builder
  • Currency Options
  • Technical Alerts
  • Mobile App
  • And more…

Pricing

Pricing

 

Nithin Kamath

[email protected] Zerodha, working towards breaking all barriers that I personally faced as a retail trader for over a decade. Love playing poker, basketball, and guitar. “You don't have to be a hero to accomplish great things---to compete. You can just be an ordinary chap, sufficiently motivated to reach challenging goals.” - Edmund Hillary

119 comments

  1. Anand says:

    Nice start … I will suggest to build an active forum of option traders and get constant feedback to keep improving this platform…. Waiting for Android app 😊

    • Abid says:

      Forum is a great idea. Android app – We will pick it up soon. Was just testing the waters with the web. Now that the response there is encouraging, we are all gung ho to go to android. If you have any suggestions, feedback, queries, feature requests etc, please feel free to reach us on [email protected]

  2. Prateek-Singh says:

    Fantastic Abid! I know a bunch of people who would love to learn Options from you 😀

  3. Sudheer Singh Solanki says:

    great congratulations

    can it be automated with algo platform

    tnx

  4. Asim says:

    I want to join it.

  5. Mithil says:

    Hey nithin . My query is if i select a strategy which is 4legs ( IB ) for ex . N execute will all legs be sent as market order n what about position sizing ? ( if i punch 7500qty nifty ) so all order execute at once

    • Abid says:

      Hello,
      The orders will go as a basket order. All legs will execute together in a single order. This can be market or limit – you can modify that on the order window.

      There is no position sizing or splitting the order from our end for now, as we are targetting retail traders to start with. So if the order is below the quantity freeze number, it will go through.

  6. Satyendra Vaidya says:

    I have a fool proof option strategy .I have a data to prove it.I want to commercially explore the same.Can it be jointly done .Pl reply tkyu

  7. Danish Zuberi says:

    Please give advice about option trading.

  8. Ram says:

    Hi. I am eagerly waiting to learn the complex of options.thanks a lot.

  9. Ganapathy says:

    Great idea.Zerodha is always one step ahead.

  10. Raja Dey says:

    is there any students discount?

  11. Lakshminarayanan santhanam says:

    Great

  12. Prajwal HK says:

    Looking forward to it

  13. Rajesh says:

    Good move
    Very useful for trade
    Zerodha is always ahead

  14. Byregowda K M says:

    I interested in investment at shares for which I have to open account please suggest in this regard

  15. Abhinav Jain says:

    Hey Abid and team. Thanks for building such a world class platform. I have a query: IVP is calculated on 6 months data or 1 year data?

  16. Sudheer Yelleti says:

    Hello Praeek,
    is it possible to introduce per class payment so that we can register only for classes that we are interested in instead of paying as a whole for 3 months or 6 months?

    • Prateek-Singh says:

      If you meant to ask this for a LearnApp, please type the question in that blog post. Lets keep this space only for Sensibull 🙂

  17. Krishna says:

    please reduce options brokerage or introduce fixed monthly plan.

  18. abhay says:

    kindly provide future oi and volume chart and option iv chart in our regular chart, thats will help a lot
    thanks

  19. Vikram says:

    Is it possible to put an entry trigger for options (based on the futures value)? for example, I want 11000 call option to be bought if Nifty future crosses 11030. Similarly, can i put Stop loss in options based on underlying value in futures?

  20. Nilesh Joshi says:

    how to buy it sir??????????????????

  21. nagaraju VARAPARLA says:

    Can this be exposed over REST API along with data ?

  22. sundar kambam says:

    wow. The options strategies builder is awesome. Hope you can introduce for Individual stocks soon.

  23. skr says:

    please introduce some products for commodity also.thanks

  24. NYK says:

    Improve your trading platform first, then talk about something else, very very poor platform you are serving us, make it like TRADING VIEW.

    Hope you will improve yourself.

  25. G Sinha says:

    How do I get started and what are the pricing

  26. satish kumar sangam says:

    good news for us… how can we get those things ?

  27. Dip says:

    Nice initiative only by Zerodha in Option Trading in Bharat Market. Thanks a lot to zerodha.
    Let us know when it will be launched & what are the charges for it?

  28. notinthemossad says:

    When will it be out for commodities?

    • Abid says:

      Hello. There is only crude oil which has commodity options now, and volumes are discouraging. We are looking if the segment will pick up volumes.

  29. VINAY says:

    IT VERY GOOD STARTUP WITH IT
    IF ANY ONE WANT TO START WITH OPTION PLEASE CONTACT WITH US

  30. SHANKAAR PARRAY says:

    Dear Mr.Kamath, Great addition to the array of tools already existing. you are truely understaing retail invester needs.

  31. Vikram says:

    Very impressed by the hardwork you guys have done to make this! This is surely going to be a hit in long run! My best wishes to team Sensibull 🙂 Looking forward to join your platform..
    P.S. You guys can introduce 5 day trial free/reduced costs so everyone could give it a try before actually investing in it 🙂

  32. Chavan Suresh says:

    I want to join it.

  33. ashu says:

    Please include Custom in Strategy Types
    in strategy types>>>
    Strangles im not abel to short sell 11500pe and 11400ce , please allow it
    thanks

  34. Heena says:

    Excellent. I want to learn and trade. Waiting for the entry. Heena

  35. Kabilan says:

    I’m using sensibull from last ten days and it is quite useful. Here are few suggestions from my side.
    1) Please introduce open interest chart and change in OI per strike price in chart(bar chart) form so that we can visualise it better. There are lot of sites in internet which offers similar chart and I dont want sensibull to miss it.
    2)Also, FII/PRO/DII data right now is available only for the current day. I would like to have this data from the start of the current expiry may be in a table format.(This is just to track how is the flow of fund from FII/PRO/DII in this expiry).

  36. Ramu Prajapati says:

    Hello,
    I have just signed up with Zerodha. where should i get the trading tab. How should i purchase the share ?

  37. Manoj says:

    Can you think of giving option of sorting the options as per strategy.Say i am employing three strategies : Put calendar spread, Strangle and straddle. I would like to see my positions in these three groups, so that I can Book profit or Exit depending on how that startegy is performing

  38. Prabakaran says:

    It seems the max pain value is not getting updated in Live.. It is displaying old value

    • Abid says:

      Hello, I will check and get back on this. Thanks for letting us know. We just made the max pain live day before yesterday. Did you have this experience today?

  39. rajendran doraisamy says:

    What one user needs is a Trading Platform which can fit to the nearest standards of many excellent ones in USA. Your efforts on sensibull looks commendable but it’s of no use to work with unreliable, inconsistent etc.. system KITE, which can be the foundation like.
    Zerodha is making more mistakes and not sensible.
    As another customer asked you should waive off options trading charges, when small players are doing why not Zerodha.
    See the add: NO brokerage charges, STOP paying brokerage, etc..
    Change is a must for Zerodha.

  40. Khushboo says:

    You made life easy :-). My existing strategies got pulled into sensibull display and shows greeks. I have been doing all this stuff in xls and HTML utilities just for personal use which is time consuming. You made it everything on just click of mouse button. Few things which I see missing and could be useful for trader.
    1) Open Interest Vs Price movement chart for series (I plot it using google charts) which can give me at what all price buyers and sellers are getting active.
    2) Dashboard view of selected strategies with all important greeks, if I am only treading in 3 types of strategies and not interested in other 200 strategies being populated. If user can do that it will be plus.
    3) Filtering options with low volatility.
    4) Premium movement Vs Time decay graph for straddle and strangle strategies.

    • Abid says:

      Hey thanks so much for the encouraging words.
      1. OI vs price Movement – Will add to feature requests
      2. I did not understand this
      3. You can do this on Options Central. Just sort the Options by IV percentile and you will land on that. We will add an additional filters view on Central Soon
      4) Did not understand this part. You mean to say price versus Theta graph? Could you explain this please? Thanks!

      • Khushboo says:

        2) Let me explain other way, currently page populates 200+ strategies based on user inputs, can use select 3-4 of them as watch list and monitor it and can execute it at right time.
        4) Yes, theta graph will also do. My initial request was Premium Vs Time in reference to underline stock price movement. For example, If I select Nifty 11300-11400 strangle, I should be able to see the premium movement for series wrt Nifty price movement.

        • Abid says:

          2 – Got it. Will do
          4 – Now I got it. You mean a graph where the payoff of a strategy is superimposed on the underlyings graph with time. So basically your graph is the NIFY and Strangle plotted together against time. This we are planning to do. SHouldn’t be long

  41. Khurshid says:

    Dear Abid
    According to Mr. Karthik in Option strategy chapter, ( Zerodha Versity) – Bull Call Spread is “Lower Strike Long – Upper Strike Short”, but in Sesibull – The Bull Call Spread is combination of “Lower strike Short – Upper Strike Long”, I am confused. Please clear the doubt.

    • Abid says:

      We do not use the word “BULL” call spread.
      We use Call Spread.
      A call spread has calls at an upper strike and a lower strike.
      When you buy a lower call and sell an upper call, it is a bullish view, and hence a bull call spread. We call it buy call spread for simplicity
      When you sell a lower call and buy an upper call for protection, it is a bearish view. We call it sell call spread for simplicity

      I would say terminology does not matter. Please focus on the underlying view, which is bullish or bearish, and how you execute it.

      As Shakespeare said, “A rose by any other name would smell as sweet” 🙂

  42. A K Prasad says:

    Hi

    Used the Sensibull for the first time today. Very good tool for options trading.
    Some comments / suggestions from my side :
    1. There is considerable time delay for orders placed in Sensibull to be transmitted to Kite. Maybe different servers or whatever – you could look into this
    2. For strategies involving selling options in one or more legs, total margin requirement is not available. Or, may be I am missing it – is the Capital required column showing the margin requirement ?
    3. Charts of only the underlying seems available. In the options chain, you could add button for charts of options at various strike price. Becomes bothersome to switch to Kite to look at options chart of a strike price.
    4. Waiting eagerly for strategies on single stocks and payoff diagrams. When is it due?
    Thanks again for this tool for options trading. Keep it up and keep such innovations coming….

    • Abid says:

      1. We are making our own system without going through the Kite Window. It will be live soon
      2. The capital requirement is the margin requirement. It is roughly right now, you will see a more precise version in the coming week. Also it does not show MIS margin separately and shows only NRML, we will correct that too
      3. Philosophical terrain 🙂 We are building Sensibull also with the aim of making sure the smaller trader does not make mistakes. The technical charts of options are not super reliable, and can lead to mistakes as they have interplays of Vol and Time value. So to keep things simple for the common man and not to overload him, we made a conscious choice to limit ourselves to Underlying graphs, which are more reliable and liquid
      4. Definitely before September 1

      Thanks for the encouraging words, please feel free to mail us on [email protected] if you need any more help. The mail channel is way faster

  43. MAKRAND CHANDURKAR says:

    A GOOD INITIATIVE FOR OPTIONS TRADERS. IN WHICH WAY IT WOULD BE HELPFUL, LOOKING FORWARD.

  44. riyas says:

    Dear Sir/Madam

    one more importatt strategy u want to filter in the system that is DELTA NEUTRAL strategy i am using this strategy using frequently but its very diffcult for me to find manually in call and put side please bring one strategy for delta neutral as soon as possible

    Thanks
    Riyas

  45. Shridharmurthy B says:

    What is the meaning of
    1.margin available
    2.Margin used
    3.Total account value
    Please can anybody explain me with example.

  46. Sachin says:

    Its Great Initiative by zerodha.Is there any learning platform so can via guidance.OR is there any whats app group so people can guide you so can trade with free mind.

  47. Bhabani Sankar Samantaray says:

    Is there any way to execute a trade in a certain condition
    E.g
    I will want to buy 11700 call as soon as Index Nifty crisses 11620. I would place the instruction and it would execute automatically.

    Is it possible

    • Abid says:

      Hello Bhabani,

      We are working on this feature in our roadmap. We will keep you posted. If you have logged into Sensibull ever, you will get a mail update about it

  48. Wasim says:

    It reminds me of tastytrade kind of thing.. It will be nice to have something like that.. I watch their videos and they makes option trading as easy as cake.

  49. Amit Sawant says:

    Please help I am not able to do options trading
    RB4170

    Have mailed to everyone but didn’t get any reply

    • Vignesh says:

      Please check if F&O segment is enabled for you. To enable that, you have to give Form16, Salary slip or bank statement or ITR

  50. ashu says:

    Sir
    In BUILDER , There is no option to select MIS order only NRML order is chosen by default

    • Abid says:

      Hello, you can modify the order as follows:
      In the Kite Publisher window there is a context menu which opens if you hover near the trade.

      We will include MIS in builder soon

  51. ashu says:

    It Still needs many Additions , and repairs , And we need to get useto Please Try to keep it free for few more days ,
    THank You

  52. Sandip says:

    Please create a desktop application too for option trading like tastywork app

  53. Sathish says:

    Hi

    Why does your I.V numbers differ from NSE?

    • Sathish says:

      why no reply? No answer?

      also your prices in sensibull versus Kite / market is differ quite a lot. This is misleading and quite harmfull.

      • Abid says:

        Hi Satish,

        I appreciate your concern. We will have real-time prices in a month.

        Meanwhile to prevent harm we have mentioned that the prices are off by 15 seconds everywhere in the platform. We also have a last updated time stamp

    • Abid says:

      Satish,

      Sorry about the delayed reply. We are just six people racing against time every day

      Quoting the answer from the Black Scholes page of Sensibull

      WHY IS THE IV ON NSE WEBSITE DIFFERENT FROM OUR IV?
      NSE uses Black-Scholes model with a constant interest rate assumption of 10%. The observed interest rate in the market is not 10% but it varies time to time with changes in Reserve Bank’s repo rate and interbank lending rates. The fault is NSE’s IV calculation can be very clearly inferred by the fact that IV of the ATM put and call are two significantly different values in NSE option chain whereas they should both have the same IV.

  54. T C Venkata Reddy says:

    Checked the Platform.. Impressive.. Though Lot of improvements required
    Like,
    Currency Options (Need to add)
    Option Screener for Individual Stocks
    Option Builder need improvement (Need to increase size, option to Full screen etc, Better graphics etc.)

    The Cost per month seems to be Little High…
    The following prices would have been comfortable..

    100 – 200 for Light
    200 – 300 for Pro

    • Abid says:

      Hello

      1) USD INR is coming before the end of September
      2) There is Option Central. We will keep building on it
      3) We will improve builder soon

      Let us see if we can do anything about the prices. Thanks for the inputs

  55. Paramjit Singh says:

    Hi
    Looks good.

    Please update the frequency of data refresh for both CMP on option premiums and option greeks there on

    I extensively use kite where figure are always moving:) , here it seems static though it changes sometimes on F5.
    so the question how frequently data refresh is happning

    thanks

  56. d-raj says:

    Hi,
    I have a question about hedging using options. I generally buy 100 or 200 shares of scrips like Ashok Ley, Adani etc.. and keep them for a few days. Is it possible to use Options to hedge this much position (only 100 or 200 shares) against any sudden fall in prices of these scrips. Why I am asking is that in the case of Ashok Leyland the lot size for options is 4000. But my cash position is only 100 to 200. How can I use options to hedge such smaller quantities that I generally trade?

    Please reply soon.

    Thanks.

    • ashu says:

      Hedging Position with option is , not a profitable idea , It is just a concept, only index movers / or Big fund houses do it.

    • Abid says:

      Hedging makes sense only when you have large institutional portfolios. If you are a smaller sized trader, the impact costs, bid offer spreads, time value decay etc kills the sense in hedging

  57. Palash says:

    Sir, today I checked out sensibull, I have come to know that some of the options are strongly mispriced, comparing with the prices of Kite. On closing of 31 Aug, the BANKNIFTY 27th Sept. put option of strike has closed on 495.8 in market, whereas for sensibull its showing 625.8. This can strongly affect my P&L. Take note of this, and fix the bug/problem, existing in the software.

    • Abid says:

      Hello,

      This can happen only for deep ITM strikes. As a rule of thumb, we do not expose that strike to users unless you explicitly choose deep ITM.

      Couple of inputs from us:
      1) We will have real-time prices soon, which will solve this issue
      2) Even when we do have real-time prices, it is advisable to not go to ITM options or illiquid options in general

  58. GOVARDHAN CHILUKA says:

    pls give me information about Sensibull
    [email protected]

  59. Kunal Vikram Singh says:

    While using Sensibull, are Zerodha a/c funds used for trading purpose?

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