WHAT ARE OPTIONS IN TRADING?

In this article, we'll talk about Top 15 Options Trading Resources. So, if you trade in options, or planning to do so then read this article till the end because you will be hugely benefited from this article. So, let's begin and see what are options in trading?

First in our list is 'Zerodha Varsity'. When you are new to options trading then you try to find resources to learn about options. Because options trading is very complex. For that, Zerodha Varsity is the right source. It is one of the best learning resources in India. You can find all the information about Options here. If you want to learn about options in general or about option strategies. You will find both things here. Not just this, if you go into these chapters, you will find an option to Download these chapters. You can click this option to download this whole material as PDF. Also, you can access this material in the Hindi Language too. So, if you are not comfortable in English, you can access this material by clicking on HINDI. Have you used Zerodha Varsity before? If yes, how was your experience?

Next in our list is - Option Alpha. You want to learn about options, but you don't like to read. For that, Option Alpha is a very good resource. Here you will find all the information in Video format. And just like Zerodha Varsity, this is also absolutely free. In fact, if I talk about the material this source has much more material compared to Zerodha Varsity. Because this website is made specifically for Options Trading. Here, you will find Basic Options Strategies, Advanced Options Strategies and much more information in a much organised format. In fact, they also have a very active YouTube Channel by the name - Option Alpha. Here, whatever you are learning about Options, you can get Live Examples of those concepts. It will make your learning process even smoother.

Next in our list is TastyTrade.com this is one of the most advanced websites for Options. Here you will find Live Webinars of Real Option Traders, while they are doing live trading in the live market. You can learn many things by watching these webinars. In fact, this source has many more interesting webinars of the top options traders in the world. And this is completely free. If you go to the 'Learn' tab, you will find a full list of options strategies here. And what interesting things you can do with options, how to do that, and all information is available here. In fact, Tasty Trade also has its own YouTube Channel. Here you can find even more interesting content. You can browse this too, to learn more interesting things about options.

Next in our list is - Chat with Traders. You will find many interesting webinars for options trading on their YouTube channel. On this channel, webinars are conducted in a very interesting way. Options Traders are asked many interesting questions so that the people who are watching these webinars they can also a lot from these webinars. So, you can also browse this channel and I am sure you will get to learn many things from here.

Next in our list is - TradingQnA.com If you are doing options trading or learning about options and if you have some queries, how will you get the answer to those queries? For this, you can use tradingqna.com this is one of the most active Stock Market Communities in India. Here, you can get answer to all your queries. If you have some queries, you can post them here and you will get the answer within 24 hours. For a newcomer, or for an intermediate trader this website is very useful. Because in starting, when you do it alone, you make a lot of mistakes. And you can find the solution to those mistakes when you discuss them with others. Have you used tradingqna.com before? If yes, how was your experience?

Next in our list is - Sensibull Easy Options. When we start with the options trading, we find things to be very complex. Because options have many strategies. So, in starting, we need a simple way where we tell our market view in simple English, and we get to know which options trading strategy to apply. So, for this, Sensibull's Easy Option page can be used. Here, you have to tell your market view in normal English. For example, here, I am asked in simple English that why is my view for tomorrow. Whether USDINR will go up, stay neutral, or go down. And if it will go up, by how much? Average Move or Big Move. Similarly, in neutral, what will be the range? Big range or small range. You just have to tell your view in normal English. And as per your view, which strategy is right for you, it will be displayed here. So, for the people who are starting with options trading this feature is very helpful for them.

Now, next in our list is - Sensibull Paper Trading Page. When you start with options trading, you are not sure if it is right for you or not. Whether you should do it or not. So, you don't want to start with real money. You want to start with virtual money / unreal money. Sensibull's Paper Trading page allows you to trade with virtual money in real markets. This is, I guess, the only Virtual Options Trading Platform in India. You can use this set your hands in Options Trading. So that, when you start with real money, you can trade with a lot of confidence.

Next name in our list is - Zerodha Sentinel. When you do options trading, you cannot sit in front of the market all the time. You need a function to set alerts. So that, when the option's price touches a particular point, you get a notification. So that, you can make a trade or close a trade. This platform is for that purpose only. Here you can set alerts. And whatever alerts you are setting, when they are triggered as in, whatever condition you have mentioned here, when it is triggered in the actual market then you will get a notification in your Zerodha Platform and through Email. These alerts are instant. There is no delay. So, for alerts, this platform is the best in India. And this is completely free. I am sure you will like this platform.

Now, next in our list is - Sensibull Alert Page. This platform is similar to the previous platform. You can set different alerts here. The major difference here is, you get your alerts on your Whatsapp. So, if you want your alerts over Whatsapp, this is one of the best platforms for that. So, you can experiment with this to find out if you like it or not.

Next name in our list is - Sensibull Options Chain Normally, option chain looks like this. You see a lot of numbers here. You have to look very closely to understand what option chain is suggesting. For its solution, you can use Sensibull's Option Chain page. Here, you will get all those numbers in Visual Format. Here, you can figure out in the first glance that 12200 Call has the highest Open Interest. On NSE Option Chain page, you had to find this. Here, you can see the same thing in Visual Format. It can save you a lot of time in live real-time markets. As you know, we have to think very fast in real-time markets. So, for such a fast environment, this visual option chain can help you a lot. This feature is also completely free.

Next in our list is - Sensibull Open Interest Graph. If you do options trading, you must know Open Interest Change gives you an interesting insight into the markets. It tells you in real-time, where the market is making support, and where the market is making a resistance. From where the market can temporarily take a U-turn to upside or downside. Or what are the breakout points in the market? So, you get the Open Interest Change Graph here. This graph is also available on other platforms. But here, it is unique because here you can change the dates too. Generally, you only get Intraday Open Interest Change Graph everywhere. You cannot change dates there as per your choice, as in the starting date and end date of Open Interest Change. Here, you get flexibility for this. It opens a lot of other interesting opportunities in your analysis. Not just this, if you go below on this page you can see the open interest change of past weeks and past months. So, using this, you can back test your analysis. So again, this feature is normal, but the additional options here makes it very interesting. And maybe, you won't get these anywhere else in India.

Next in our list is - Sensibull's FII and DII Data. If you do options trading, you must know that FII data and DII data gives you very important information about the market's directions. Generally, you get this data on the NSE website. But there, you only get data for that single day. Sensibull's FII / DII Data page is useful because you can also get historical data here. Just select the dates, and you will get the data for that day here. So, if you want to study this data, this page is very useful for that. Not just this, generally, you have to arrange the FII / DII data in an excel sheet. It is very hectic work. Here, the data is already arranged in the Excel Sheet Format. You can check this in Daily format or Monthly format.

Next in our list is - Sensibull Screener. There are several stocks in the market. In which stocks you have to trade? Which stocks to avoid? Where some interesting things are happening? Where nothing is happening? For that, options screener is very helpful. You can apply different filters here like Long Build-up, Short Build-up etc. And whichever options are complying with those filters you will get their list here instantly. So, if you trade in options of many stocks then this page can be very useful for you.

Next in our list is - Sensibull Events. If you trade in options, you must know that events play a big role. Because, near events, volatility changes very rapidly. And if you don't know about those events in advance, they can be a huge risk for your option trades. For that, you can use Sensibull's Event-Calendar. Here, you will find the upcoming events of all the stocks as well as the list of general events which can affect our stock markets. So, if you do options trading, you should always closely track this page.

Next name in our list is - Sensibull Strategy Builder. Now, if you are building multi-leg strategies in options there, it is very important that the strategy you are building, you must have a full understanding of it. For it, the Strategy Builder Page of Sensibull is very useful. On this page, you can enter multiple legs in real-time, to see the end result of it. How much profit will it make? Or how much loss it will make? When will you be in profit? When will you be in loss? What will be its Greeks? You can find everything here. For a complex options trader, this page is very important. So, it was our Top 15 Options Trading Resources list. Thank you so much. And Happy Trading.