New release - Live Options Strategy Charts on Sensibull

Hey there!

We are super pumped to announce the launch of Option Strategy Charts on Sensibull.

Now you can visualise how a strategy has performed in the last few days using strategy builder.

Strangle, Straddle, Spread, Ratio, Condor, Weirdor, anything!

Check it out here
https://web.sensibull.com/option-strategy-builder

What can this chart do?
You can create any strategy of your choice on the builder, or use a ready-made strategy, and the strategy chart will plot the performance of this strategy in the last few days.

How does this help
In two ways - 1, it tells you how the strategy has performed in the last few days, that gives you a sense of the trend of this strategy. And since common strategies may be analysed using technicals (maybe), you can do technical analysis on the chart of a strategy

What time frame is it?
This is a 5-minute timeframe chart. We will introduce variable time frame analysis on this soon.

What else is coming on this
We will turn on the plot of the underlying in the same chart in the coming days so that you can see how a strategy performs with the change in underlying

Here is a demo video

3 Likes

@Sensibull
can you please share tutorial video for rationale and significance of such charts?

How can we check 5 minute straddle movement?

Thought we were getting a feature to track live straddle charts, like it’s there on icharts and other places…

You can check any chart - Straddle, Strangle, or any custom strategy in this

  1. The straddle chart doesn’t automatically update when it’s zoomed in, like here:

However, it does keep updating when it’s in the ‘normal’ mode:

  1. Maybe it’s just me, but I don’t get the importance of knowing how a particular strategy behaved in the past few days. Like, the straddle points would be different every day, or even every few hours given the volatility these days. So how would knowing, say Nifty 14700 straddle behaved on Tuesday be of any help!?
    So, maybe if the focus was more on how a straddle/strangle was behaving today as compared to few days prior, it’d be more helpful…

Straddle chart shows if the market is in trend or sideways if you combine ema with it you can clearly see the difference n watch n learn from option opstra people they explain clearly they upload video on every sunday

@Sensibull, can’t find the strikes of 2nd or 9th Feb on the strategy builder

Has this feature now turned into a paid feature only in Pro membership?