OTPION TRADING SYSTEM & O.P.T.E.X.
OTS:Ai
Option Trading System is a unique and first of its kind system to help us trade in Options of Index and all FNO stocks. It is based on a metric of Aggression Meter which has been setup with an artificial intelligence. OTS bring the power of AI to FNO trading.
The system identifies the entire option chain for the underlying security when its cash chart is plotted. It also plots the real time option chain for 15 nearest strikes.
The AI Algorithm identifies the best opportunity according to the underlying and option premiums and declares the result of the Aggression Meter.
Aggression Meter results helps the system to identify the best probable hedge for the current situation.
The markings of the Aggression meter are plotted in real time on the underlying intraday chart.
The table plots the following things:
- Aggression Meter readings : As per the AI result
- Power strikes : The strikes which are in focus for intraday
- Action Strikes: these strikes can be used for positional
- Hedge: this section mentions the two strikes which can be used to design the hedge according the results of the Aggression Meter
User also has on option to plot the Dynamic Option Chain by Trading Siksha
The Dynamic option chain plots the nearest strikes and marks the ATM strike for the day and also highlights the strikes which are in focus for buying and selling as per the Hedge. The selected strikes are highlighted in green and red. Green resembles the buying leg and red identifies the selling leg of the hedge.
The entire indicator and system is build in accordance to our understanding and research. It has been backtested for over and year. The system is dependent on the data flow provided by the system.
The indicator is designed for ease of use and to overcome human errors while analysing the charts. It also eases out the process of designing the hedge at any give point of time. We have designed the system for self use and for the use of like minded individuals.
The indicator is strictly shared for personal educational purpose. Any act of copying or claiming any right will be seen as a violation and severe consequences will be imposed.
The user can take help of this indicator but apply his own sense of wisdom and understandings before making any trading decision. It is an indicator which indicates to you the best possible decision as per the metrics. It does not give you any decision. Decision must be made by oneself on his own.
Inputs Required while using this indicator:
The user must enter the following things in the indicator settings before using the indicator:
- Select the same Stock from the drop down which is plotted on the chart
- Enter the Price as shown on the indicator when the chart is plotted
- Enter the Expiry Day for Nifty for the desired expiry
- Enter the Expiry Day for Sensex for the desired expiry
It is always advisable to use the current month expiry as we get enough liquidity to plot the option chain and do the metrics properly.
User may use this indicator for weekly options also on Nifty by changing the expiry date of nifty from monthly to weekly, but he must ensure to change it back to monthly expiry date before plotting the indicator on any other index or stock.
O.P.T.E.X.
option entry & exit system
O.P.T.E.X.™ is an option trading indicator which gives exact entry and exit zones for option trading. It is part of the OTS:AI SYSTEM.
The indicator gives you:
- Decider Level: it tells you whether the option is bullish or bearish (you can be a option buyer or seller accordingly)
- Precise Entry and Exit levels: for Option Trading the system gives you red and green markings on chart which are used for Entry and Exit. When premium is above the level the level acts as support and when premium is below the level it will act as as resistance
- Stop Loss Level: user gets an option to even plot stop loss level beyond which the trade setup gets cancelled. It not only helps in planning a new trade but also helps in trailing an existing trade.
Once you plot an Option Chart then the indicator automatically plots all the levels.
The Indicator is designed for both:
- INTRADAY TRADING &
- POSITIONAL TRADING IN OPTIONS
The Indicator works on all Index and FNO Option charts traded on NSE (Index & Stocks) and SENSEX (index only)
The Indicator is highly objective and one needs to just identify the correct strike price and expiry of the option. Once it is finalised (OTS:AI does it for intraday as well as positional) the respective Option Chart can be plotted directly on the indicator to get the entire trade plan.
The Indicator is made with our understanding and research.
Subscription to this system gives you one year access of the O.P.T.E.X.™ indicator.