Workspace - Frequently Asked Questions

Question 1

What is a Workspace in OptionX?

Accepted Answer

A Workspace is a customizable dashboard that allows you to create a trading environment tailored to your style. Whether you're scalping, managing option strategies, or trading multiple instruments like Nifty and Bank Nifty, Workspaces help streamline your operations and enhance focus.

Question 2

Why should I use Workspaces?

Accepted Answer

Workspaces help you organize your tools and views based on different trading styles or strategies. You can switch between bullish/bearish setups, scalping layouts, or strategy-based dashboards quickly—saving time and reducing clutter during market hours.

Question 3

How do I create a new Workspace?

Accepted Answer

Click on the “Workspace” tab from the left navigation bar, then select “Create New Workspace”. Enter a name (e.g., “Nifty Scalping”) and a description, then click Save.

Question 4

Can I add different tools to a Workspace?

Accepted Answer

Yes, each Workspace can include widgets like Price Ladder, Option Chain, Strategy Builder, Charts, Watchlist, Spread Ladder, and more. These tools help you execute trades, analyze markets, and manage strategies in one place.

Question 5

What is the Price Ladder widget used for?

Accepted Answer

The Price Ladder is a fast execution interface ideal for scalping. It allows you to quickly place, modify, and exit orders with minimal delay—perfect for high-speed trading.

Question 6

What’s the difference between Price Ladder and Price Ladder XY?

Accepted Answer

Price Ladder shows one instrument, while Price Ladder XY lets you compare two instruments side-by-side (e.g., Nifty vs. Bank Nifty) in real-time for better decision-making and spread trading.

Question 7

Can I monitor multiple charts at once?

Accepted Answer

Yes, you can add multiple charts to your Workspace to analyze different timeframes or instruments simultaneously. This helps in better identifying trends, entry points, and breakout zones.

Question 8

How do I monitor several instruments together?

Accepted Answer

Use the Watchlist widget to track selected instruments across indices or sectors. You can monitor prices, changes, and key levels at a glance.

Question 9

What are Ready-to-Use Templates in Workspace?

Accepted Answer

Templates are pre-configured layouts based on common trading styles like:

Scalper – Option Buying

Index-Based F&O Trader

Option Strategy Trading

Option Analytics
You can choose one to start instantly without manual setup.

Question 10

Can I edit or switch Workspaces later?

Accepted Answer

Absolutely. You can switch between Workspaces with a single click, edit their layout, add/remove widgets, or even delete them if needed.

Question 11

What are Workspaces in OptionX and how do they help traders?

Accepted Answer

Workspaces in OptionX are customizable trading dashboards that help you trade smarter and faster. They allow you to create separate dashboards for different trading styles, quickly switch between market perspectives or instruments, customize layouts with various widgets, and save time with ready-made templates that match your specific trading approach.

Question 12

How do I create a custom workspace in OptionX?

Accepted Answer

To create a custom workspace, click on "Workspace" from the leftmost side of the navigation bar, then click on "Create New Workspace". Give it a descriptive name like "Nifty Scalping" or "Bank Nifty Strategy", add a description to define its purpose, and click Save. This creates a personalized trading dashboard tailored to your specific needs.

Question 13

What widgets are available in OptionX workspaces?

Accepted Answer

OptionX offers eight powerful widgets: Price Ladder for fast execution and scalping, Price Ladder XY to compare two instruments side-by-side, Option Chain for real-time option prices and Greeks, Strategy Builder for multi-leg strategies with payoff charts, Charts for technical analysis, Watchlist to monitor selected instruments, Spread Ladder for trading spreads, and Straddle/Strangle for quick option structures.

Question 14

What is the Price Ladder widget used for in workspaces?

Accepted Answer

The Price Ladder widget is a fast execution interface designed for scalping and quick entries. It allows you to place orders with single clicks directly from the price ladder interface, making it ideal for high-speed trading strategies where quick execution is crucial for capturing small price movements.

Question 15

How does the Price Ladder XY widget work?

Accepted Answer

Price Ladder XY is a comparison widget that lets you view two instruments side-by-side in ladder format. This is particularly useful for comparing related instruments like Nifty vs Bank Nifty, allowing you to spot arbitrage opportunities, analyze relative strength, and make informed decisions when trading correlated instruments simultaneously.

Question 16

What information does the Option Chain widget provide?

Accepted Answer

The Option Chain widget displays real-time option prices, Open Interest (OI), Greeks (Delta, Gamma, Theta, Vega), and volume data for quick decision-making. This comprehensive view helps traders analyze option pricing, identify high-volume strikes, understand market sentiment through OI changes, and make informed option trading decisions.

Question 17

What can I do with the Strategy Builder widget?

Accepted Answer

The Strategy Builder widget allows you to create and visualize multi-leg option strategies with interactive payoff charts. You can construct complex strategies like spreads, straddles, and condors, see their profit/loss potential at different price levels, and understand how time decay and volatility changes affect your positions before placing trades.

Question 18

What ready-to-use workspace templates are available in OptionX?

Accepted Answer

OptionX offers four ready-to-use workspace templates: Scalper - Option Buying for trading naked options directly from Price Ladder, Index-Based F&O Trader for executing trades based on support/resistance levels, Option Strategy Trading for multi-leg spreads and premium management, and Option Analytics for detailed analysis with watchlists, option chains, and payoff charts.

Question 19

What is the Scalper - Option Buying workspace template used for?

Accepted Answer

The Scalper - Option Buying template is designed for high-speed option trading where you can trade naked options directly from the Price Ladder with single clicks. This template is optimized for scalping strategies, providing fast execution capabilities and minimal interface elements to reduce latency and maximize trading speed.

Question 20

How does the Index-Based F&O Trader template work?

Accepted Answer

The Index-Based F&O Trader template is designed for executing option trades based on key technical levels like support, resistance, and breakout points. This template typically includes charts for technical analysis, option chain for strike selection, and price ladder for execution, making it ideal for traders who base their decisions on technical analysis of index movements.

Question 21

How do I add widgets to my custom workspace?

Accepted Answer

To add widgets to your workspace, start by adding a Price Ladder by clicking and searching for your instrument, then add multiple Charts for technical analysis, and finally add Watchlist, Option Chain, and other widgets as per your trading needs. This step-by-step approach ensures you build a comprehensive trading environment tailored to your strategy.

Question 22

What is the purpose of the Watchlist widget in workspaces?

Accepted Answer

The Watchlist widget allows you to monitor selected instruments across indices or sectors in one glance. You can track multiple stocks, options, or futures simultaneously, see real-time price movements, percentage changes, and volumes, making it easier to spot trading opportunities across your preferred instruments without switching between different screens.

Question 23

How does the Spread Ladder widget help with spread trading?

Accepted Answer

The Spread Ladder widget is designed for trading spread strategies with live price tracking across multiple legs. It allows you to monitor and execute complex spread trades like bull call spreads, bear put spreads, or calendar spreads, showing real-time pricing for all legs simultaneously and enabling efficient spread trade management.

Question 24

What strategies can I implement using the Straddle/Strangle widget?

Accepted Answer

The Straddle/Strangle widget allows you to quickly place predefined option structures for neutral or breakout strategies. You can execute long straddles for high volatility plays, short straddles for range-bound markets, or strangles for directional moves, with pre-configured setups that save time and reduce execution complexity.

Question 25

How can I customize workspaces for different trading styles?

Accepted Answer

Workspaces allow you to create separate dashboards for different trading styles such as bullish vs bearish views, scalping vs strategy-based approaches, or separate setups for Nifty and Bank Nifty trading. You can customize widget layouts, save configurations, and quickly switch between different market perspectives or instruments based on market conditions or your trading focus.

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