App for Option Trading

Options trading is the buzz of the stock market these days, and why shouldn’t it be? It is a trading segment that reaps profits if the right option strategies are used. App for option trading plays an important role in enhancing your chances of profits. 

But here comes the question of which broker or trading app helps you in trading options seamlessly.

Well, this depends upon various factors.

So if you are thinking of opening a demat account then open it with the one offering you the best option chain analysis tool and application. 

Let’s dive in to know the top five option trading apps in India. 

Best App for Option Trading 

Imagine you are hiring someone for the role of a business analyst, so you will frame the job description in a way that covers all the aspects that you are expecting from the client.

The same is the case with the usage of apps. So, let us have a quick look at the features that a trader can or must look for in the best trading apps in India for options. 

• Reviews-The existing users have a knack for the experience they have had with the app. You can always check the star ratings, the number of downloads, and read the reviews.
• Smooth Functioning- Since trading can involve a lot of fact-paced decisions, the app should have a good performance in this sense as well. 
• Options Chain- Since we are talking about app for options trading, it is important to note that the app should have a good option chain. The best app for option chain analysis gives you a summary of the last traded price, open interest in options, implied volatility, and strike price. So, you can look for a good option chain and the app which provides you the same.
• Option Strategy Builder- A good options trading app also has an access to options strategy builder that can enable you to strategize and then trade. 
• Advanced Option Chain- There are various brokers that give you the opportunity to use the advanced trading platforms so that you can analyze better and therefore make better profits. 
• Best Indicator for Option Trading: There are more than 100 indicators in the share market but not all of them are suitable for analyzing stocks and indices for option trade. Here it becomes vital to pick the app providing top indicators for option trading in India.

Now that we have had a look at the features that you should look for in an app when looking for options trading, let us have a look at the best options trading app in India. 

There are certain apps that provide you the above-defined facility to trade-in options. But which is the right one to choose from? Here is a list of the top apps that can ease your hustle of options trading.

• Sensibull 
• Zerodha KITE
• 5paisa Mobile Ap
• Angel Broking Mobile App
• MO Trader

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Best App for Option Chain Analysis

When we talk of options trading the major field that receives the maximum spotlight is the option chain. By analyzing the option chain properly, a trader can make the aptest decisions. 

Although there are various other features that one should look for as we discussed earlier, we will focus on the platform that gives us the best option chains so that you can analyze and make the best out of it. 

Sensibull 

 

When we are considering the best app for option trading, without a doubt Sensibull tops the chart. It is one of the most suitable platforms for option trading. You can simply open Sensibull on your desktop or mobile, but the open-chain analysis is better with a bigger screen.

There are various features that Sensibull offers, let us talk about this one by one. 

• Option Chain- Sensibull offers the best and the most detailed option chain. It not only gives you the data of the last traded price, strike price, premium etc but also lets you set different filters. These filters include volume, open interest, implied volatility, %change in the open interest, bid-offer, and many more.
• Option Greeks- This also gives you the opportunity to trade while analyzing the option greeks and customize them accordingly. 
• Advice- You can also get tips and advice from experts on your WhatsApp easily. This makes it easier for the traders to simplify option trading for themselves. 
• Option Strategy Builder- You can build your own strategies and trade according to them. 
• Integrated with various brokers- Sensibull is in partnership with a lot of stockbrokers and therefore it gives you the opportunity to login with the stockbroker of your choice. 

There is also an option to download the option chain data in excel format in Sensibull. To experience option analysis with Sensibull click here.

There are various prices for Sensibull for the advanced features. These charges are for ₹480/month and ₹640/ month, depending on the features that you are looking for. 

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Zerodha KITE 

Zerodha also leaves no stone unturned when it comes to satisfying its clients and the same is the case with options trading as well. If you want to learn how to do option trading in Zerodha, then you have to make sure that you are doing the right option chain analysis.

Although Zerodha does not have its own option chain, it is integrated with a third-party app that allows its users to have a great options trading experience. 

Sensibull is integrated with Zerodha, so it has all the features that we discussed earlier. So, if you have a Zerodha demat account and an activated derivatives segment, then you can avail the benefits of Sensibull as well. 

When you open the Zerodha terminal, it redirects you to Sensibull which gives you a great experience. 

The buying and selling window of Zerodha is also a great plus point. Zerodha gives its users a great trading experience and the same is indicated by its great ratings and user reviews as well. 

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Not having a demat account yet, open it now for FREE. 

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5paisa Trade Station

Another name that comes to the list is the 5paisa app. 5paisa trade station gives you access to trade in options by analyzing the option chain carefully.

You can easily log in to 5paisa and search the scrip that you are looking for. 

5paisa has an inbuilt option chain, which gives you all the basic information required to analyze the option chain properly.

 

• Inbuilt option chain- It shows you the call option on the left and put option on the right with the strike price in the center. The last traded price, open interest, and bid price are also prevalent. 
• Third-party app- If you are looking for advanced trading options, then you can take the help of Sensibull, which is also integrated with 5paisa. It gives you access to various features including greeks, strategy builder, and much more. 
• Easy to use- The interface of 5paisa is very smooth, fast, and easy to use. When you open the terminal, you can easily see all the necessary information on a single screen which makes it easier to trade.

Because of all these reasons, 5paisa makes it to the list of best option trading apps in India.

Apart from the terminals and the web trading apps, there are certain mobile trading apps, which make option trading an easy bet for option traders.

Let us discuss them in detail now. 

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Angel Broking App

Angel Broking which is now Angel One is one platform that is very known amongst the traders. It is also one of the best stockbrokers for option trading, , but does it also provide the best app for options trading?

The answer is yes. It has made sure that the clients don’t go disappointed. The various features of the same include. 

• Own Option Chain- You can search the scrip easily on the search bar and have a look at the option chain directly in the app. It will show you the last traded price, OI, and strike price. 
• Easy trading- Once you click on the strike price that you want, you can easily buy/sell the option contract in some simple steps. 
• Sensibull- Angel Broking is also integrated with Sensibull, which lets you explore the advanced setting and strategies. 
• Options Simplified- Another interesting feature that Angel Broking provides is the opportunity to learn options through their segment options simplified. 

So if you are someone who has an Angel Broking Demat account, and wants to learn option trading basics, you can easily do that and at absolutely no cost. 

The learning and easy trading make Angel Broking an attractive catch for the option traders.

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MO Trader 

 

Motilal Oswal has two apps MO investor and MO trader that lets you trade options easily using your mobile phone.

Let us quickly have a look at the features that make it an attractive option for traders.

• Option Strategy builder- Motilal Oswal has an option of strategy builder. Using this you can build your own strategies and work accordingly. You can easily set your entry price and also the exit price.
• Place multi-leg orders- The option strategy builder lets you place multi-legged orders even on your mobile app.
• User-Friendly Interface- The user-friendly interface lets you execute your orders with a single click.
• Advanced Option chain- It is integrated with Sensibull, just in case you want to move ahead with the advanced tools for option trading. 

If you are an active options trader, then this is also a good option for you. 

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Is Option Trading Safe?

While we have discussed the good option trading apps, the question also comes down to, is option trading safe? 

Options trading no doubt is a little complex and involves high risk, but if done with the right strategies, it can reap great results. You should be aware of the basics so that you can also make the best out of it. 

You can also learn with virtual options trading using Sensibull and then trade the real money. 

Other than this you can download the Stock Pathshala app offering you the full-featured stock market courses in the form of text, audio and video for options trade thus making your trading journey simpler and easier.

Click here to download the app.

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Conclusion 

The best options trading app in India can make your work easier and can give you a chance to trade better. So, if you want to trade in options and looking for the right platform, then we hope that you were able to get your answers. 

If you are ready to trade in options, open your demat account today and start trading. 

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Want to experience trade in options, then start now by opening a demat account for FREE!

 

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