What is Optionsterminal?

OptionsTerminal is a web application that calculates and displays the percentage change of open interest of an option trading near the current index price [nifty. banknifty, sensex, finnifty, or bankex] level. It also calculates and displays the Put-Call Ratio (PCR) to help you quickly track market sentiment shifts.

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Why use OptionsTerminal?

One of the most difficult jobs in the world is trading. You can trade stocks, and derivatives. However, trading options is way more difficult that buying and selling stocks on the same day. This is because options are volatile. Your hard earned money can turn to 0 within a few minutes if the volatility is extreme and you create a position which is opposite the market trend. OptionsTerminal is a SaaS that captures the snapshot of the ATM instruments and displays it in a table so that you can figure out what's going on with the instrument. It is an alternative to the option chain software/applications available on the internet.

Benefits of using OptionsTerminal

psychology_alt You don't have to remember: If you use OptionsTerminal.com, you don't have to remember the previous open interest nor you have to calculate the change in the OI in the last 5 minutes.
candlestick_chart No distractions: Charting software are good but they can be distracting. With OptionsTerminal, you can focus on only a single index and a few options instead of many.
moving Better understanding of the market sentiment: You can create a strategy by going through the past data. We have calculated data of the past week. By going through the past data and understanding the OI dynamics, you can know when the price of index/instrument is range bound or is going to move up or down.
change_circle Spot massive OI changes: With OptionsTerminal, is is easy to identify massive open interest changes. When there's a huge change in the open interest in the last half an hour or in the previous records, you may want to observe the indices more closely.
subheader Easy to use: No matter where the nifty, banknifty, finnifty, sensex indices are heading, you'll always be tracking the ATM option with OptionsTerminal. You don't have to strain your eyes looking at the massive option chain.
sentiment_extremely_dissatisfied Prevent FOMO: OptionsTerminal shows calculated data only of a fixed time frame i.e. We use 5 minutes time frame. What happens in the 5 minutes i.e 1st minute, 2nd minute, 3rd minute, 4th minute, and 5 minute is none of our concern.
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