Another useful feature that several users wanted on Sensibull was the volatility index: India VIX. It helps measure the market’s anticipation for volatility and fluctuations in the near term. And we finally have it live on our platform. Currently, we show it on:
1) Info button – available on Strategy Builder, Option Chain, and Positions pages.
2) Option Chain
3) Open Interest
As of now, we have INDIAVIX only on Zerodha logins. We’ll introduce them on other broker logins shortly. Please let us know if we should show it somewhere else on the platform.
We also added 2 small features on Strategy Builder. Pretty sure, you’d have noticed this by now:- 1) the Lot Multiplier and 2) IV Offset. These again were added after many users asked for them.
Lot multiplier, as the name suggests, helps you increase or decrease the number of lots. You can use the +/- buttons or type in the number of lots to change the number of lots for each of the legs. You need not change the number of lots manually for each leg going ahead.
We introduced the IV Offset so that you don’t have to change the IV of each strike separately. IVs don’t have uniform changes for each of the strikes at the same time. For example, if the IV of NIFTY 17000 changes by 1 point, the IV of NIFTY 16900 need not change by exactly 1 point – it can be 0.8 or 1.1 as well. But, it gives a broad idea of how the projected P/L changes with change in IV. After all, who has been able to accurately predict the IV 🙂
Do give a like if these features have been helping you take better decisions.