A Complete Review of the Sensibull Options Trading Platform

by admin | August 20, 2024

Last updated on August 20, 2024,

Sensibull is India’s largest options trading platform, designed to assist traders with options analysis, strategy creation, and improved trade execution. It offers a number of features, including customizable trade notifications, sophisticated analytics, and an intuitive interface, to better meet the needs of options traders.

This Sensibull review brings you complete insight into features, benefits, charges, and plans to trade.

What is Sensibull?

Sensibull is one of India’s leading options trading platforms where traders can use multiple features to craft trading skills. Thanks to its user-friendly interface and robust risk management capabilities, Sensibull is the best choice for traders seeking to elevate their options trading performance. Established in 2017, Sensibull provides a range of market analysis tools, a live options chart, and low-risk tactics for predicting price and market moves. From strategy building to virtual trading, the Sensibull virtual trade platform ensures traders have a complete understanding of option trading.

It recently released an “Options trading platform,” through which the company hopes to help small traders trade options more quickly and easily. Based on a trader’s perspective on the market, the platform recommends several methods. Additionally, it gives you access to all the necessary data, including trade, strike prices, risk, potential profit and loss, etc. To choose the best option strategy for you, you can also compare several option methods.

What makes Sensibull Ideal Options Trading Platform for Options Traders?

Since its establishment, the Sensibull trading platform has become the top options trading platform in India. Sensibull’s user-friendly design, which makes it simple for traders of all skill levels and experiences to get started, is one of its key advantages.

Option chain and options analytics are just a few of the many features and tools available on the platform to assist traders in analyzing options and coming to well-informed judgments. Sensibull also has integrations with several Indian brokerages, which enable traders to place trades straight from the platform.

Top Features of Sensibull Options Trading Platform

Sensibull offers multiple features that make paper and options trading handy. Whether you are an experienced trader or a newbie, these features are worthy enough to use.

• Options Chain Analysis:- Using the options chain analysis, traders can examine option chains linked to certain stocks or underlying assets by using Sensibull’s options chain analysis tool. This is a handy tool for traders looking for possible trades and chances in options.

• Option Greeks:- This feature provides a thorough understanding of how several factors, like the underlying price, the amount of time till expiration, volatility, interest rates, and dividends, affect option prices. Users can view the values of delta, gamma, theta, Vega, and rho for individual option contracts or combinations of them. The option Greeks’ sensitivity to various variables is demonstrated using interactive graphs.

• Backtesting Tool:- With the help of historical data, traders can evaluate their options trading methods with the help of this basic options backtesting tool. Even though the tool might not be as sophisticated as some other options trading platforms, traders looking to improve their strategies and overall performance may find it helpful.

• Event Calendar:- An event calendar is specifically created to notify traders of important worldwide events, public holidays, F&O outcomes, and other information that may affect their trading tactics. A built-in risk analysis feature in the occurrence calendar alerts the trader weeks in advance of the occurrence.

• Risk Management Tools:- Sensibull virtual trading platform provides traders with a wide array of risk management tools designed to assist them in managing their risk exposure and reducing potential losses. The platform may immediately deliver real-time alerts and notifications if risk levels are above predetermined criteria, enabling traders to take proactive steps to lower their risk exposure.

• Instructional Resources:- It offers a range of educational programs aimed at enabling traders to improve their skills and knowledge in options trading. These services, which include webinars, tutorials, and articles, are designed to meet the needs of novice and experienced traders, with an emphasis on helping those who are just starting in the options market.

• Trade Execution:- Sensibull trading app allows traders to conduct transactions straight from the platform thanks to integrations with several Indian brokerages. As a result, traders can save time and effort by placing transactions without having to transfer between platforms.

• Trade Virtually:- Traders can study and practice trading without utilizing real money, thanks to the virtual trade function. For traders who wish to practice or hone their skills without risking any money, this paper trade tool can be helpful.

• Open Interest Analysis:- Sensibull has an open interest analysis for a particular underlying asset where users can learn about the distribution of open interest at different strike prices and expiration dates. The tool offers information on max pain points, put-call ratios, net open interest, open interest movements, and option writing zones. There are also real-time charts that show open interest, put-call ratios, implied volatility, and implied volatility percentiles.

• Notifications and Alerts:- Sensibull helps traders stay updated about the most recent market moves and possible trading opportunities by sending out real-time price alerts and live notifications on WhatsApp.

• Multiple-Strike OI:- The multi-strike OI functionality provides an open interest (OI) accumulation graph for each strike. By seeing the conflict between puts and calls, traders will be able to make better trading judgments.

• IV Chart– The IV Chart function provides stock and index-implied volatility charts. To make better trading decisions, traders may benefit from this Sensibull chart to understand market conditions.

• Options Screener:- Options Screener is considered a one-stop shop for finding excellent trading opportunities. Among other things, the Sensibull screener offers data on IVs, IV percentiles, events, volume breakouts, OI accumulation, PCR, and Max pain.

• Signals Technical:- The technical signal is an easy route to view candlestick patterns and moving average crossovers. It can assist traders in locating possible trading opportunities and in helping them make better judgments.

Sensibull App Rating and Download Link

	Android	iOS
Sensibull App Rating	4.6/5	4.8/5
Sensibull Download	Android	Apple

Comparing Sensibull Options Trading Platform with other

Given the abundance of options trading platforms available in India, it is essential to evaluate Sensibull’s competitive landscape. Since Sensibull is among the top ones, let us compare the difference with Opstra and Fyers.

Overview	Sensibull	Opstra	Fyers
About	Sensibull is an options trading platform that gives option traders access to the strength of a trading platform and strategy engine.	Opstra is an online platform for creating and testing unique option strategies that lets users test their ideas in actual markets.	Fyers One is a low brokerage stock platform offering options trading. It is available in mobile app and web platform.
Supported Exchanges	NSE, BSE, MCX	NSE, BSE	NSE, BSE, MCX
Key Features	Multiple-Strike OI Options Screener Signals Technical Open Interest Analysis	Strategy builder, Futures and options dashboards, Option chain analysis, Open interest, PCR, IV charts, and others	Advanced Charting Price Ladder Trading Technical screeners FnO Analysis tools
User Interface	Sensibull has a good user interface with quick loading	Opstra has backdated user interface and lags a lot	Fyers has a good user interface with clear view and quick loading
Pricing	Sensibull has Pro, Lite and Free Version starting from Rs 480/-	Opstra has basic, monthly, 6 months, and annual plan. All excluded 18% GST. Pricing starts from Rs 1300	Fyers offers free AMC for lifetime and low brokerage

A Complete Overview of Sensibull Pricing Plan

Understanding Sensibull pricing is important. It will allow you to invest and trade correctly. Sensibull price plan is divided into three different price tiers for its options trading platform: Sensibull Pro, Sensibull Lite, and Free.

The free plan comprises basic features, including the option chain, calendar of events and stock outcomes, MF Plus Beta, and stock data.

The Lite Paid Plan comprises features of the Free plan plus extras like Easy Options, Virtual Trading, Strategies Wizard, FII DII Buy Sell Data, Options Screener, and Positions.

The Pro Paid Plan offers additional features like the Custom Strategy Builder, USD INR Currency Options, Multi-Strike OI, Open Interest Analysis, Option Price Calculator, IV Chart, and Technical Signals.

Plan	Pro	Lite	Free
Features	Custom Strategy Builder USD INR Currency Options Open Interest Analysis IV Chart Technical Signals	Easy Options Strategy Wizard Options Screener FII DII Data Virtual Trading Positions	Basic Option Chain Stock Results & Events Calendar Stock data. MF Plus Beta
Pricing (quarterly or yearly)	Rs. 640 / Month	Rs. 480 / Month	Rs 0
Sensibull	Rs. 800 / Month	Rs. 590 / Month	Rs 0

Tips to use Sensibull at its Best

Sensibull paper trade platform can offer you the best options trading experience. However, it is important to have a clear idea of how to use it. Some tips to follow are-

• Use Learning Resources: To assist traders in becoming familiar with the platform, a variety of resources are accessible, including FAQs and tutorial videos.
• Examine the various features and tools available: Sensibull’s Options Trading Platform offers a plethora of features and tools to assist traders in options analysis and decision-making. Examine these for a while to see which are most applicable to your trading strategy.
• Utilise the Integrations on the Platform: Due to Sensibull’s integrations with numerous Indian brokers, traders can place orders straight from the platform. This can be a practical method to make your trading process run more smoothly.

Learning Resources at Sensibull

For beginners who want to start with paper trading, Sensibull has multiple options to learn. These resources are helpful. Some of these are-

• YouTube Videos: Sensibull has a lot of information on its educational YouTube channel that covers many facets of options trading. Visitors can subscribe to the channel to receive updates regularly and view these films for free.
• Written Content: The site has a blog where it posts articles on several aspects of trading options, including ideas, advice, market analysis, and more. Users can follow the blog for more educational content and get these articles for free.
• Trader’s Manifesto: Sensibull provides a specific webpage describing fundamental ideas and industry best practices for trading options. This freely available resource is an invaluable manual covering essential topics such as psychology, discipline, and risk management.
• Demo Videos: Sensibull keeps an instructional list of videos covering a range of topics, including the platform’s tools and functionalities, clearly and concisely. Essential components such as virtual portfolios, open interest insights, option Greeks, strategy builders, market analysis, and position analysis are covered in these videos. They are an excellent resource for users who want to get the most out of their trading experience and are offered without charge.
• Premium Education: Market forecasting, option strategies, and option Greeks are just a few of the subjects covered in Sensibull’s organised courses on premium education. Users can engage in these courses for a price of Rs 999 per month, Rs 4999 per year (for Zerodha and Angel One members), Rs 1499 per month, or Rs 7499 per year.

Sensibull Virtual Trading Market Options

Sensibull offers diverse assets of options trading. Traders can choose as per their knowledge. Some of these are-

• Indexes: Sensibull offers options trading on the National Stock Exchange’s (NSE) main indexes, such as the Nifty FMCG, Nifty IT, Nifty Bank Nifty, and Nifty 50. Options with varying expiration periods, ranging from weekly to monthly, are tradeable by users.
• Stock: Sensibull enables users to trade options based on their preferred equities, offering a selection of over 200 stocks. Some of the listed ones are Reliance, HDFC Bank, TCS, and Infosys. Like index options, stock options have multiple expiration periods, from weekly to quarterly.
• Currencies: Sensibull offers options trading on key currency pairs that are traded heavily on the NSE, including USD/INR, EUR/INR, and JPY/INR combinations. Options with a variety of expiration periods, ranging from weekly to monthly, are available for traders to investigate.
• Commodities: Sensibull provides access to options trading on primary commodities such as gold, silver, and crude oil that are listed on the Multi Commodity Exchange (MCX). Options with varying expiration periods, ranging from weekly to monthly, are available to traders.

Pros and Cons of Sensibull

Like every other trading platform, Sensibull also has some pros and cons that are essential to know.

Pros of Sensibull	Cons of Sensibull
Right platform for options trading	Filtering options for risk and reward aren’t available
Has multiple tools and features to help traders analyse options	Access to advanced tools and features requires a lite or pro subscription.
Allows traders to execute trades directly from the platform	sometimes shows inaccurate data and users face technical issues
Customer support is available through various channels

Also Read:- Guide to Learn Trading

FAQs on Sensibull Options Trading Platform

Q.1. Is Sensibull Free to Use?

Ans: Yes, besides the pro and lite versions, Sensibull also has a free version that gives you access to the option chain, strategy builder, and other fundamental tools..

Q.2. How do you sign up for a Sensibull Account?

Ans: Go to the Sensibull website and select the “Sign Up” option to create an account. To connect to your brokerage account and create an account, follow the instructions.

Q.3. Is Sensibull a safe platform for options trading?

Ans: Sensibull has several safety features, such as secure data encryption and fraud prevention techniques, to guarantee the security of its platform and the safety of user data. To safeguard themselves, traders should, nevertheless, always take the necessary safety measures.

Q.4. Is Sensibull’s customer support team available?

Ans: There are several ways to contact Sensibull’s customer service, including social media and email. You can email them at [email protected] or get Open Chat real time assistance.

Q.5. How do I execute trades on Sensibull?

To execute trades on Sensibull:

• Log in to your Sensibull account.
• Navigate to the trading platform or section.
• Select the desired asset or instrument you want to trade.
• Choose the order type 
• Enter the quantity and other relevant details.
• Review and confirm your trade

Q.6. How do I sign up for a Sensibull account?

• To sign up for a Sensibull account:
• Visit the Sensibull website.
• Register by filling the form with desired information
• Verify your email address
• Start trading

Q.7. Does Sensibull allow paper trading?

Yes, Sensibull offers a paper trading feature that allows users to practice trading strategies without risking real money. Users can simulate trades using virtual funds and test different strategies in real-time market conditions.

Q.8. Who owns Sensibull?

The company was founded in August 2017 in Bangalore, Karnataka by 3FD Hassan, Balaji Ramachandran and Siddhartha Reddy. The legal name of Sensibul is Riskilla Software Technologies Private Limited.