The stock market is not easy to navigate unless one is equipped with the right tools and resources—and we know this better than anyone else. We make trading easy by providing the most impactful set of resources that help one make informed decisions. 1lyOption is our cutting-edge Futures & Options analytics application that will help you analyze and monitor trading opportunities more effectively.
Being a major type of stock derivative, F&O are contracts signed by two parties to trade a stock asset at a predetermined price on a future date. They serve as a risk management tool, aiming to hedge against market fluctuations by securing the price in advance. Many take F&O to be a complicated maze. But with 1lyOptions, it is a cakewalk!
Key Features of 1lyOptions
Let’s take a look at the key features of 1lyOptions that make the application distinct and robust.
- Builder - It helps design and execute options trading strategies, offering users the flexibility to create custom strategies for F&O trading. It includes two primary approaches: a fully customizable strategy builder and a collection of pre-built strategies.
- Payoff - A graphical tool that helps traders visualize their options strategies’ potential profit and loss (P&L).
- Scanners - Help traders spot potential entry and exit signals by analyzing chart patterns. We meant it when we said we had you covered!
- Option Chain - A table or list that provides detailed information about all available options for a particular underlying asset at various strike prices and expiration dates. It helps traders evaluate different options and contracts in one view, allowing for comparisons between calls, puts, and strike prices.
- FII and DII with historical data: Track the buy/sell activity of major institutional players like FIIs and DIIs. Get historical data to analyze trends and institutional sentiment over time.
- Position analysis evaluates a trade’s potential profit, potential loss, and achieved profit & loss (P&L). Potential Profit and Loss combine both the maximum gain achievable if the market moves favourably and the maximum loss that can occur if the market moves unfavourably.
- A Position Payoff Chart visually represents these elements, showing profit and loss at various price points of the underlying asset. This chart helps traders understand risk and reward at different market levels and make informed decisions.
- Group by Underlying Asset: Positions are grouped based on the asset being traded (e.g., Nifty, Bank Nifty, or Sensex), allowing better tracking of the asset’s performance.
- Executed Strategy: Positions are grouped by the strategy used (e.g., hedging, arbitrage, long/short), helping to analyze the performance and risk of specific trading strategies.
- Pre-market report: This provides significant advantages for traders, investors, and market participants. It helps traders prepare for the trading day by analyzing relevant data and insights.
- Black & Scholes option pricing calculator, Fibonacci calculator & Pivot Point calculator - Get access to three calculators that will help to make your trade seamless.
How to get started?
Wondering how to access this power-packed app? It takes you only three steps!
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Open a Demat account in Alice Blue.
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Download the 1lyOptions application from the Play Store or Apple Store.
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Enter the unique client code that you received after opening the Alice Blue demat account, followed by the credential password, and enable 2FA to log in securely to the platform.
Benefits of using 1lyOptions
We know you are already head over heels for the app. But let us tell you some more amazing benefits of using this application.
- Access to real-time data - As a trader, access to real-time stock market data is pivotal. Get it right here! Feel every tremor of the stock market as it happens
- Advanced Analytics & Strategy Building – Utilize powerful tools like Greeks analysis, probability calculators, and volatility tracking to refine your trading strategies.
- Risk Management Tools – Assess risk with detailed scenario analysis, margin calculations, and payoff charts to make more controlled trading decisions.
- Backtesting & Historical Data – Analyze past performance and test strategies against historical market data to improve accuracy and confidence in trades.
Now that you are packed and set with the data, when are you starting to trade?
Get the app and get going. Your financial goals are waiting for you!
Conclusion
Trading is about diligence, research and patience. The more data you have, the more informed your decisions will be. Remember, the stock market is always subject to fluctuations. Stay aligned with your investment strategy and financial goals.
Alice Blue does not intend to influence any trading decisions. The content provided is solely for educational purposes.
Got any doubts or questions? Drop them in the comments. Stay tuned for next week’s #FinTechFriday newsletter for more 1lyOption features.