Investment platform Upstox on Monday announced its partnership with options trading startup Sensibull to give users access to the latter’s tech-enabled options strategy features.
Upstox said that its users will be able to create their own options trading strategies and predict the direction of the market with the help of Pro Tools available on the platform.
“To gain access to ‘Easy Options’, clients need to anticipate the direction of the market, after which they will receive trading strategies based on their predictions,” the fintech company said in its statement.
Upstox claimed that such strategies come with limited downside and hence, the losses incurred in trades made through them are limited.
Another feature called ‘Strategy Maker’ allows users to create options strategy, analyze payouts and calculate maximum profit and loss.
“Options trading is a complex segment to navigate, especially for novice investors. And therefore, by partnering with Sensibull, we will equip our clients with advanced and easy-to-use options trading solutions. As a brand, we Want to empower users to make better trading decisions,” said Srini Vishwanath, Co-Founder, Upstox.
Sensibull is a Bangalore based options trading platform. Among its many offerings, Sensibull allows its users to trade virtually, which means beginners can practice options trading without risking real money to see how it works.
The company also provides a marketplace of SEBI registered advisors whose verified performance can be tracked and followed by the users. Clients can receive real-time entry and exit alerts of trades by advisors on WhatsApp and Sensibull’s mobile app.
“Senseibul’s vision is to make millions of retail investors in India profitable. Upstox has one of the largest F&O user bases in India, and access to this gets us much closer to our vision,” said Balaji Ramachandran, Co-Founder, Sensibull.
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