What is Sensibull
Sensibull is India’s first options trading platform offering simplified options trading for new investors and powerful trading tools for the pros. Sensibull tries to make options trading safe, accessible, and most importantly, profitable for all.
Sensibull provides all the essential information like risk, volatility, and profit/loss potential before you enter the options trade.
For example, if you think that Nifty will go up 300 points in 14 days but you are not sure which option strategy will work the best then you can go to the Sensibull platform and enter your market predictions and hit the go button.
Sensibull will create specific buy/sell option strategies with details of profit, ROI, breakeven, max profit/loss for each strategy.
How Sensibull Works
Sensibull has joined up with a few discount brokers like Zerodha, 5paisa and Motilal Oswal to assist you to trade on the decided options strategy from the platform.
To get the best options strategy, you need to have a bullish or bearish view for a particular stock or index.
Build option strategy using sensibull
To get the perfect option strategy from sensibull, you need to enter
Enter Stock name – You need to choose a particular stock or index for which you want to create an option strategy.
Enter your view – You have choices to indicate your market view like Nifty levels “Not above”, “Below”, “Not Below” and “Above”. You need to select the most reliable market levels for your view.
Nifty target level – You need to enter the price you believe the particular stock or index will achieve.
Enter Target date – you need to enter the date in which you think that the particular stock or index will achieve the price target.
You just need to click on the “Go” button and Sensibull will provide you with a list of options trading strategies in line with your market views.
Sensibull will also provide you with details like profit potential, capital required, return percentage.
You can place the order directly from the Sensibull platform as the platform is combined with your broker terminal and places the selected trade directly.
Sensibull Charges & Pricing
Sensibull offers Pro, Lite plans and Free plan with a maximum of 14 days.
Lite plan comes with the option chain, strategies wizard, real-time Profit & Loss, 10 watchlist, open interest analysis and other tools. The Lite plan is suitable for beginner options traders.
The Pro plan will have advanced tools and features like Implied Volatility (IV) charts, powerful statistical tools, currency options, and all the features of the Lite plan. The Pro plan is suitable for advanced options traders.
The charges for the lite plan and pro plan are as follows
|Plan||Regular Price||Offer Price|
|1 month Lite plan with Zerodha ID||697||627|
|1 month lite plan with Google account||531||478|
|6 month lite plan with Zerodha ID||3399||3059|
|6 month lite plan with Google account||2548||2294|
|12 month lite plan with Zerodha ID||6797||6117|
|12 month lite plan with Google account||5098||4588|
|1 month pro plan with Zerodha ID||1145||1030|
|1 month pro plan with Google account||1003||903|
|6 month pro plan with Zerodha ID||5522||4970|
|6 month pro plan with Google account||4814||4333|
|12 month pro plan with Zerodha ID||11045||9940|
|12 month pro plan with Google account||9629||8666|
How to avail these prices?
To avail these prices, you need to visit the Sensibull offer page and Enter the offer price as mentioned for your preferred plan.
You need to fill the details like email Id, mobile number, residence state, choose Jaano Aur Seekho as a referral and Zerodha client Id for an opening combined account with Zerodha.
After the payment is done, you need to take a screenshot of the payment and send your billing details on firstname.lastname@example.org and your Sensibull account will be activated within 24 hours. I would recommend you to go for a 6-month lite plan instead of the pro plan as it helps you to learn options trading in 6 months with a lite plan.
Features offered by Sensibull
Sensibull offers you a few features to create options trading strategies based on your market views. It alerts you with future events like GDP data, RBI policy and company results.
Here are the features offered by sensibull
#1. Easy Options
The easy options help you to select a strategy of Nifty futures and BankNifty futures. It is mostly used by a beginner to get better strategies on options trading. In this feature, you need to select whether you want to trade in Nifty or BankNifty.
You just need to guess if the stock moves up, neutral or down. It automatically provides you with the strategy and all details like the probability of profit. If your demat account is linked with sensibull then you can directly trade on one click.
#2. Strategies Wizard
In strategies wizard, you can build your options strategy for any stock in the market. It is mostly used by a beginner to get better strategies on options trading. In this feature, you need to select the stock.
You need to enter your view (Not Above, Above, Between, Below, Not Below). You need to enter upper bound and lower bound if you choose between and NIFTY target if you choose other options in view and click on “GO”.
The strategies wizard will automatically provide you with the strategy and all details like the probability of profit. If your demat account is linked with sensibull then you can directly trade on one click.
#3. Strategy Builder
In strategies Builder, you can build your options strategy of any stock available in the market. It is mostly used by pro traders to get the finest strategies on options trading. In this feature, you need to select the stock.
To generate your new strategy, you need to click on build your strategy and select the update strike, expiry and choose to buy and sell signals in put and call options.
The strategy builder will automatically build a graph of the option and provide you with the probability and projected profit.
#4. Virtual Trade
The virtual trade in sensibull provides you with an opportunity to trade futures & options without using your real money. This feature helps many investors to build confidence to build their own strategy freely. If you select an options trade and click on virtual trade, it will automatically display in your virtual trade portfolio.
#5. Trade Recommendations
The sensibull provides you with future & options as well as equity trading recommendations. You need to select the stock type, direction whether bullish, neutral or bearish, direction & capital. Select if you need to make a trade in F&O or Equity. This feature will show you a recommendation of stocks in which you can trade to get profits.
If you click on a particular stock, it will provide you with detailed information along with the graph as shown in the image below.
#6. Learn Option Trading
Sensibull allows you to learn more about how to use sensibull and make strategies using sensibull, and also how to make the right trades.
In analyze data feature, sensibull allows you to analyze the stock/indices using different indicators which are
The stock data sensibull guide provides you with a detailed analysis of a stock along with volume & OI, Options chain and technical signals. You just need to enter the stock name, this feature will come up with a detailed analysis.
The option chain feature provides you with a detailed analysis of a selected stock for option trading.
The open interest feature provides you with a detailed analysis of a selected stock for option trading along with its OI change vs strike. You just need to select the stock to get this analysis done.
The screener feature in the sensibull guide provides detailed information of all stocks available in the market. It helps you to select the correct stock for options trading. You can also filter the stocks by selecting long buildup or short cover for bullish and long unwind or short buildup for bearish stocks.
You can also check the heat map of stocks by selecting the “Heat map” option. It helps you to select the stocks perfectly.
Implied volatility (IV) is an estimate of the future volatility of the underlying stock based on options prices. To get the IV chart, you need to enter the stock name, graph type, timeframe and ATM IV date.
FII DII Data
Using FII/DII Data, you can easily make a strategy for options trading. FIIs and DIIs both buy and sell in huge Quantities in markets so price moves up and down when they buy and sell in a huge quantity in any particular share or in the whole market in general.
By looking at the data of Buying or Selling done by the FIIs and DIIs you can know where the market is moving towards.
By using a price calculator in the sensibull, you can easily calculate the price of a particular stock. To get the result, you need to enter stock name, Expiry, Call or put strike, Implied weekly future target, Target Date, Target time and click on “GO” to get the result.