Options trading has become extremely popular amongst retail traders in India over the last few years. However, successfully trading options requires learning complex strategies around options pricing, volatility, time decay etc. Building and analyzing options strategies manually can be quite complicated for beginners.
This is where the Opstra Option Strategy Builder app comes into the picture. Opstra Option is an Android app specifically built for options traders to help them create, analyze and backtest option trading strategies with ease. In this post, let’s take a look at how you can download and install this useful app on your Android phone.
An Overview of Opstra Option App
The Opstra Option Strategy Builder app aims to simplify options trading for retail traders in India. It provides a wide range of powerful tools that enable traders to build, analyze and fine-tune options strategies.
Some of the key features offered by the Opstra Option app include:
- Option strategy builder with over 200 million strategy combinations
- Comprehensive option chain analysis for stocks and indices
- Backtesting option trading strategies to analyze profitability
- Detailed charts for options, strategy, greeks like delta, theta, vega
- Implied volatility charts and analysis
- Analytics for open interest, IV rank, IV percentile
- Straddle index and straddle charts
- Option screeners and option gain/pain analysis
- Tools like span calculator, VIX analysis, results calendar etc.
The app also provides education via articles and videos to help traders learn options strategy concepts.
App Details:
| Apk Name | Opstra Option Strategy Builder App |
| Apk Version | v3.0 |
| Size | 20 MB |
| Publisher | Opstra Option |
| Device Name | Android |
Downloading and Installing the Opstra Option APK
Opstra Option app can be easily downloaded and installed on your Android smartphone. Here is a step-by-step guide:
Downloading the APK File
First, you need to download the latest APK file for the Opstra Option app from this article. The APK format is used for installing Android apps outside of Google Play store.
Save and store this APK file on your phone’s internal storage or SD card.
Enabling App Install from Unknown Sources
By default, Android blocks installation of apps from unknown sources for security reasons.
To enable app install from other sources:
- Go to Settings > Security on your Android phone
- Look for the option Install from Unknown Sources and enable it
This will allow your phone to install apps using APK files.
Installing the Opstra Option APK
Now you can install the downloaded Opstra Option APK file:
- Locate and tap on the APK file from your phone’s storage
- Accept the app permissions when prompted
- The app will begin installing on your phone
- Wait for the installation process to complete
Once done, you will see the Opstra Option app icon on your home screen or app drawer.
Launching the App
Simply tap on the Opstra Option app icon to launch it. No separate login is needed.
On first launch, the app may require you to accept additional permissions or enable optimization in battery settings for smooth functioning.
The app is now ready to use!
Key Features and Tools
Now let’s take a look at some of the useful features and tools offered by the Opstra Option Strategy Builder app:
Option Strategy Builder
The strategy builder helps you create options strategies by combining options on the same underlying asset. You can build strategies like spreads, strangles, straddles etc. It offers over 200 million combinations for you to experiment with.
Option Chain Analysis
Analyze the Open Interest and Implied Volatility for each Strike Price in the options chain for stocks and indexes like Nifty, Bank Nifty etc. See how other market participants are positioning.
Backtesting Strategies
Test the profitability of your option strategies by backtesting them with historical data. This helps you identify winning strategies.
Charts and Greeks Analysis
Analyze Option Price, Greeks like Delta, Gamma, Theta etc using specialized charts offered by the app.
Implied Volatility Analysis
See Implied Volatility charts, compare current IV Rank & Percentile values to check for overbought/oversold conditions.
Advanced Tools
Make use of various advanced analytical tools offered for free by Opstra like Option Pain, Straddle Index, Put Call Ratio, Results Analysis, Span Calculator, VIX Analysis and more.
Getting Started with Opstra Option App
Here are some tips to get started with using the Opstra Option app seamlessly:
- First select the index or stock name on top to load its option chain
- Use the strategy builder to create option spreads, combos etc
- Backtest the strategies before trading
- Analyze Open Interest distribution across strikes
- Use IV Rank/Percentile for entry/exit signals
- Scan for profitable strategies using the Option Scanner
- Stay up-to-date using News & Results Calendar
- Make good use of the educational articles section
Conclusion
The Opstra Option Strategy Builder app aims to provide a powerful yet easy-to-use toolkit for options traders in India. Its unique strategy building and analysis capabilities can help you discover profitable options strategies.
I hope this detailed guide helps you understand how to download and install this useful app on Android smartphones. Go ahead, download the app using the APK file and start exploring the options strategy universe today!
Hey Reader, Welcome to MyQuickIdea. I am Nikhil Saini, started MyquickIdea as a passion and now it’s now covering different topics like Blogging, SEO, Marketing, Technology, Finance, Stock Market, Fintech, etc. I always prefer pushing quality content for my readers. I hope you would be liking it.
