Sensibull Review 2023: A Detailed Look at Options Trading Platform
Welcome to our review of Sensibull, India’s popular options trading platform. If you’re an options trader in India, chances are you’ve heard of Sensibull and are considering using it to improve your trading decisions.
Sensibull is designed to help traders analyze options, create trading strategies, and execute trades more effectively. It offers a range of features specifically tailored to the needs of options traders, including advanced analytics, customizable trade alerts, and an intuitive interface that makes it easy to navigate and use.
Whether you’re a seasoned options trader looking for new tools to add to your arsenal, or a beginner looking for a platform to help you get started in options trading, Sensibull is worth considering.
In this review, we’ll go over the features and benefits of Sensibull in more detail and discuss any potential drawbacks you should be aware of before signing up.
So, read on if you want to learn more about Sensibull and how it can help you in your options trading journey!
Table of Content
Sensibull Review: Summary
Sensibull is a comprehensive and user-friendly platform for options trading in India. Its wide range of tools and features, convenient trade execution through integration with Indian brokerages, and good customer support make it a good choice for many traders.
- User-friendly interface
- Comprehensive tools and features
- Convenient trade execution
- Good customer support
- A relatively low prices
- Lite or Pro subscription is required for advanced features
Why Sensibull is the Go-To Platform for Options Traders in India?
Sensibull has established itself as a leading platform for options trading in India for several reasons. One of the main advantages of Sensibull is its user-friendly interface, which makes it easy for traders of all experiences and levels to get started.
The platform also offers a wide range of tools and features to help traders analyze options and make informed decisions, including an option chain, options strategy builder, and options analytics. Additionally, Sensibull integrates with several Indian brokerages, allowing traders to execute trades directly from the platform.
The Top Features of Sensibull: An In-Depth Review
Sensibull provides various advanced tools and features to help traders analyze options and make informed decisions. Some of the top features of Sensibull include:
Advanced Option Chain
The sensibull option chain provides a comprehensive list of all the available options for a particular security, including their expiration dates, strike prices, PCR (Put Call Ratio), Max Pain, IV (Implied Volatility), real-time Greeks (such as Delta, Gamma, Theta, and Vega), and bid/ask prices. This information can help traders understand the market conditions and make more informed trading decisions.
Option Strategy Builder
Options strategy builder is a Sensibull tool that allows traders to create and analyze different options trading strategies based on their risk appetite and market conditions. The tool allows traders to see the potential profit and loss for different strategies and helps them choose the best option for their needs.
The easy Options feature allows traders to guess the direction of the underlying stock or index (up or down) and execute simple trades with small risks. This can be a useful tool for beginners to options trading or who want to test out different strategies without committing large amounts of capital.
Sensibull integrates with many Indian brokerages, allowing traders to execute trades directly from the platform. This can save traders time and effort, as they don’t have to switch between different platforms to place trades.
The virtual Trade feature allows traders to learn and practice trading without using real money. This paper trade feature can be useful for traders who want to test different strategies or improve their skills without risking any capital.
Alerts and Notifications
Sensibull provides real-time price and P&L Alerts alerts and notifications on WhatsApp, helping traders stay informed about the latest market movements and potential trading opportunities.
The multi-Strike OI feature provides a graph of each strike’s open interest (OI) buildup. This can help traders see the battle between calls and puts and make more informed trading decisions.
IV Chart feature provides implied volatility charts for indices and stocks. This can help traders understand market conditions and make more informed trading decisions.
Options screener is a one-stop solution for spotting great trading opportunities. It provides information on IVs, IV percentiles, events, volume breakouts, OI buildup, PCR, and Max pain, among other things.
Technical Signals feature provides a simple place to see candlestick patterns and moving average crossovers. This can help traders identify potential trading opportunities and make more informed decisions.
Open Interest Analysis
The open Interest Analysis feature provides insights into the market’s direction based on intraday changes in open interest.
FII DII Data
FII DII Data feature provides information on institutional buy and sells data. This can help traders see what the big players in the market are doing and make more informed decisions.
The events Calendar feature provides a calendar of stock results, helping traders find big trading opportunities.
Sensibull’s Verified P&L feature allows traders to share their profit and loss information on social media platforms such as Twitter, WhatsApp, and Telegram. To use this feature, traders must link their Twitter account to their Sensibull account.
Options Price Calculator
Options Price Calculator allows traders to compare calls and put options side by side, with scenario analysis.
How Sensibull Makes Options Trading Easy and Intuitive?
One of the main advantages of Sensibull is its user-friendly interface, which makes it easy for traders of all experience levels to get started. The platform is designed to be intuitive and straightforward, with clear navigation and simple tools and features. This makes it easy for traders to quickly get up to speed and execute trades on the platform.
Sensibull vs. Other Options Trading Platforms: A Comparison
Sensibull is one of many options trading platforms available in India, so it’s worth considering how it compares to its competitors. One advantage of Sensibull is its wide range of tools and features, which are designed to help traders analyze options and make informed decisions.
Additionally, Sensibull integrates with many Indian brokerages, which can be convenient for traders. On the other hand, some traders may prefer the additional features or customization options offered by other platforms. Ultimately, the best platform for you will depend on your specific needs and preferences.
The Pros and Cons of Using Sensibull for Options Trading
Like any platform, Sensibull has its own set of pros and cons to consider.
Sensibull Review: Pros of using Sensibull include the following:
- User-friendly interface: Sensibull is designed to be easy to use and intuitive, making it a good choice for traders of all experience levels.
- Comprehensive tools and features: Sensibull provides various tools and features to help traders analyze options and make informed decisions, including an advanced option chain, options strategy builder, and options analytics.
- Convenient trade execution: With its integration with Indian brokerages, Sensibull allows traders to execute trades directly from the platform, saving time and effort.
- Good customer support: Customer support is available through various channels, and according to reviews from traders, the customer support team is generally responsive and helpful.
Sensibull Review: Cons of using Sensibull for options trading include:
- Limited customization options: Some traders may prefer platforms with more customization options, such as creating and saving custom layouts or customized alerts and notifications. Sensibull offers some customization options, but they may not be as extensive as other platforms.
- Lite or Pro subscription required for advanced features: While Sensibull offers a free plan with basic features, access to advanced tools and features requires a lite or pro subscription.
An Overview of Sensibull’s Pricing Plans: Sensibull Review
There are three pricing plans offered by Sensibull for its options trading platform: Free, Lite, and Sensibull Pro.
The Free plan includes basic features such as the option chain, stock results and events calendar, MF Plus Beta, and stock data.
The Lite Paid plan includes all the Free plan’s features and additional features like Easy Options, Virtual Trading, Strategies Wizard, Options Screener, FII DII Buy Sell Data, and Positions (Grouping).
The Pro Paid plan includes all the features of the Lite Paid plan, as well as advanced features like the Custom Strategy Builder, USD INR Currency Options (only available on Zerodha, MOFSL, and 5Paisa), Open Interest Analysis, Multi-Strike OI, Option Price Calculator, IV Chart, and Technical Signals.
|Plan||Sensibull Free||Sensibull Lite||Sensibull Pro|
|Features||Basic Option Chain|
Stock Results & Events Calendar
MF Plus Beta
|All Free plan features|
FII DII Data
|All Lite Plan Features|
Custom Strategy Builder
USD INR Currency Options
Open Interest Analysis
Option Price Calculator
(Six Monthly Plan)
|Rs. 0||Rs. 480 / Month||Rs. 640 / Month|
|Rs. 0||Rs. 590 / Month||Rs. 800 / Month|
Overall, Sensibull’s range of pricing options suits the needs of different traders, from those just starting to more experienced traders looking for advanced features.
List of Brokers Sensibull Integrates
Currently, Sensibull integrates with several Indian brokers, including:
- Angel One
- ICICI Direct
- Alice Blue
This allows traders to execute trades directly from the Sensible platform, saving time and effort.
What Other Traders are Saying About Sensibull
Overall, Sensibull has received positive reviews from traders. Many traders appreciate the platform’s ease of use and comprehensive range of tools and features. Some traders have also reported good experiences with the customer support team.
That being said, it is worth noting that not all traders will have the same experience with Sensibull, and it is always a good idea to do your research and assess whether the platform is a good fit for your needs and risk appetite.
Sensibull Review: Customer Support
Sensibull’s customer support is available through various channels, including email and social media. According to reviews from traders, the customer support team is generally responsive and helpful.
Sensibull Review: Tips for Getting the Most Out of Sensibull
Here are a few tips for getting the most out of Sensibull:
- Take advantage of the available educational resources: One can take advantage of a range of resources, such as tutorial videos and FAQs, to help traders get up to speed on the platform.
- Explore the different tools and features: There are many tools and features provided by Sensibull’s Options Trading Platform to help traders analyze options and make informed decisions. Take some time to explore these and see which ones are most useful for your trading style.
- Use the platform’s integrations: Sensibull integrates with many Indian brokers, allowing traders to execute trades directly from the platform. This can be a convenient way to streamline your trading process.
- Be aware of the risks: Like all forms of trading, options trading carries inherent risks. Make sure to fully understand these risks and take appropriate precautions to protect yourself.
Frequently Asked Questions
Is Sensibull free to use?
Yes, a free plan includes access to basic features such as the option chain and strategy builder and limited support. However, if you want access to additional features and unlimited support, you must sign up for a Lite or Pro plan, which is available monthly or annually.
How do I sign up for a Sensibull account?
To sign up for a Sensibull account, visit the Sensibull website and click on the “Sign Up” button. Follow the prompts to create an account and connect your brokerage account.
How do I execute trades on Sensibull?
To execute trades on Sensibull, use the platform’s tools and features to analyze options, create a trading strategy, and then execute trades directly from the platform. Sensibull integrates with Indian brokerages, allowing you to execute trades directly from the platform.
Is Sensibull safe to use?
Sensibull has implemented various measures to ensure its platform’s security and user data protection, including secure data encryption and fraud prevention measures. However, traders should always take appropriate precautions to protect themselves.
Can I customize my Sensibull account?
The customization options are limited, such as the ability to set up custom alerts and notifications. However, if you require more customization, you may want to consider other options trading platforms.
How do I contact Sensibull customer support?
Sensibull’s customer support is available through various channels, including email and social media. You can contact the customer support team through the “Contact Us” page on the Sensibull website or the “Support” section of the platform.
Sensibull Review: Our Verdict
Overall, Sensibull is a comprehensive and user-friendly platform for options trading in India. Its wide range of tools and features, convenient trade execution through integration with Indian brokerages, and good customer support make it a good choice for many traders. That being said, it is important to carefully consider whether Sensibull is the right fit for your needs and risk appetite and to be aware of the inherent risks of options trading.