UP your trading game with Options Strategy Builder
It’s time to UP your trading game with Options Strategy Builder
Options trading has been on the rise lately with buying/selling of index options going UP by 51%📈 between Jun’20 to Mar’21,
So, to help you be a part of this UPwards trend, we’ve introduced a tool to make options trading simpler for you.
MEET OPTIONS STRATEGY BUILDER
💁 PLACE BASKET ORDERS EASILYBecause the more the merrier!
An easy-to-use tool available on the new Upstox app and web platform to create an options strategy and place up to 4 orders at a time.
💸HEDGE POSITIONS FOR MARGIN BENEFITWhy pay more, when you can hedge
With this feature you can place a long and short option order simultaneously and avail margin benefits from the Exchange for hedging your position. So you can essentially take the same trade that you would in a single order but pay significantly lesser margin upfront by placing a basket order. This frees up your capital to place more trades! Amazing, isn’t it?
👉**TAP, SELECT, TRADE!**1.2.3. It’s that simple!
- Tap on the ‘Option Chain’ from scrip details, then on ‘Create Strategy’ and then on the LTP of the strike price that you want to select.
- Select or enter the side, quantity, and price.
- Then tap ‘Add to strategy’. The order will be added to the review tab at the bottom of the page.
Keep tapping and adding more orders (max of up to 4 legs) as per your strategy.
Once your orders have been reviewed and confirmed they will be placed and will start reflecting in the ‘Orders’ tab under ‘Trades’.
To know more click here: How to place an option strategy using strategy builder?
Know Options? That’s great!
Here’s a quick brush up on some important concepts
Want to stay up-to-date about the options market? Follow our daily F&O Morning update playlist: F&O Morning Updates
Options Strategy Builder is only available on the new Upstox app. Switch to it now to start exploring!