Direct your profits before they direct you!
Most derivatives traders use options strategies to trade in the market systematically where risking a Portfolio is never an option! So why not strategize them to cover the risk and maximize the profit? The Smart Strategies is a tool to level up your option strategies to help you minimize the risks involved in option positions and target the maximum profits.
What are Smart Strategies?
Smart Strategies is a tool that allows users to create their strategies and automate their execution. With this, you can execute your options strategy with pre-defined entry and exit parameters. When we say pre-defined means that strategies can be tailored before their execution, where before entering into trades you get to put your desired premium and exit by placing Target/Stop Loss to make the most of your trade.
Following are the parameters that you require to fill in to create your strategies-
Note- Currently, we’re only operative on the web for Smart Strategies.
How is it beneficial for the users?
Not only do the Smart Strategies in options executes the strategy, but it also gives a brief about it, like you can check the Payoff Graphs, Futures Chart, Greeks, and P&L, including the position summary such as Margin requirements, breakeven ranges, premium to be received, etc. as shown in the below image-
Investing becomes a cup of tea when you know the exact trend. Similarly, predefined strategies will only work when you analyze the market and then use the strategies such as straddles, strangles, bull call spreads, etc. to increase the probability of profit.
Here are a few Smart Strategies and features to help you analyze the market before you trade-
Path to find Smart Strategies on the 5paisa web portal-
Log in to the 5paisa portal.
Tap on the FnO 360 button appearing in the upper right corner
Tap on the Strategies icon from the navigation bar located on the left side of your screen
Now, you can customize or use the predefined strategy for your options trading
Once you enter the Smart Strategies tool, you will not want to leave, as it has everything an Options trader would ever need. Also, you can use multiple predefined parameters to strategize your trade and execution with Smart Strategies.
To explore Smart Strategies, click here.
Also, click here to read the FAQS of Smart Strategies and Happy Trading with 5paisa!