An easy-to-use execution platform called, OptionX where any traders can automate their option trading strategy without any coding. Also, they can simply copy/paste their existing strategy from Stockmock and execute it with optionx.inplatform.
There are list of pre-defined strategies available in the platform, you just have to click on any of the strategy, click trade to execute the same. If a user want to execute Short Straddle strategy, he just has to select it, enter the desired stop loss %, I have specified 25% in the below example.
And click on Trade button, you just have to select your broker.
Based on the LTP of Bank Nifty spot, the bot would automatically calculate ATM strikes along with 25% stop loss orders, you just have to click on place.
All orders will get placed instantly
You can verify the orders in your Zerodha account as well
And can see pending STOP LOSS orders
Paste the strategy and submit
OptionX platform will automatically load your strategy, you just have to click Trade and execute
All multi legs option strategy can be executed with click of a button
You can also customize your own strategy, you just have to select the desired instrument Nifty or Bank Nifty, select weekly or monthly contracts, specify the strikes you want, lot size, stop loss and targets. If you wish to execute the strategy at 10 am, just save the strategy, login at 10 am and click on Trade. That’s all. It will get executed instantly.
As a launch offer, we are providing OptionX platform for free now without any charges. The click to execute feature has its own limitations, it currently supports Zerodha, Aliceblue and Angel Broking only, trailing stop loss and sqaureoff both legs feature cannot be used. But with fully automated feature, these limitations can be removed. Very soon, we will come up with a fully automated option, where users don’t need to click on trade, they can simply schedule at what time they want their strategy to get executed, it will execute automatically at the specified time.
As a launch offer, we don’t charge any fees. It’s free.
No, since we use publisher API, you don’t need to pay any subscription charges to Zerodha.