OptionX FAQs - Page 5

Question 1

Can I exit only part of a position?

Accepted Answer

Yes, you can select a percentage or specific quantity to exit from the dropdown, then click the Exit button to close that portion of the position.

Question 2

How can I add more quantity to an existing position?

Accepted Answer

Choose the percentage or quantity you want to add, click the Plus (+) icon, and the system will place a market order for the additional quantity.

Question 3

How do I move a position?

Accepted Answer

To move a position:

Enter how many points away from the current LTP you want to shift the leg (e.g., +50).

Select the quantity or percentage (e.g., 50%).

Click the Move icon to exit the current order and execute a new one at the desired level.

Question 4

What is the Adjustments Module and how do I use it?

Accepted Answer

The Adjustments Module allows you to modify live trades in real time. You can move, add, or exit portions of your open positions without rebuilding the entire strategy.

Question 5

How do I exit trades using the Position Table?

Accepted Answer

You can exit trades in two ways:

Click the ‘Exit’ icon next to each leg to exit individually.

Use the ‘Exit All’ button to close the entire strategy at once.

Question 6

Can I view market activity and charts from the Position Table?

Accepted Answer

Yes, you can click on each position to open a live order ladder and view market movement charts directly within the table, giving you contextual insights without leaving the screen.

Question 7

How can I monitor my real-time P&L?

Accepted Answer

Each position listed in the table shows live P&L, so you can instantly assess whether you're making a profit or loss. This helps in taking timely decisions without switching screens.

Question 8

How is the data in the Position Table categorized?

Accepted Answer

Trades are grouped by segment—F&O, Equity, and Commodity. Within F&O, positions are further nested by instruments (e.g., Nifty, Bank Nifty) and sorted by expiry date, allowing easy navigation and organization.

Question 9

What is the Position Table in OptionX?

Accepted Answer

The Position Table is a live dashboard that shows all your open trades across market segments, including F&O, Equity, and Commodity. It provides real-time profit and loss (P&L) data and lets you manage your trades efficiently from a single place.

Question 10

Can beginners use Strategy Builder tool easily?

Accepted Answer

Absolutely. The interface is clean and visual — it’s built for both newcomers and pro traders. You can use prebuilt strategies in OptionX.

Question 11

How do I trade my strategy after building it?

Accepted Answer

Click “Open Ladder” — this takes you to the Spread Ladder, where you can execute your full strategy in just one click.

Question 12

How can I save my custom strategy?

Accepted Answer

Yes! Click “Save As”, give it a name, and access it later anytime.

Question 13

What are Greeks and why should I care?

Accepted Answer

Greeks tell you how your strategy reacts to changes:

Delta = Price movement sensitivity

Theta = Time decay impact

Gamma = Delta change rate

Vega = Volatility sensitivity

These help you manage risk better.

Question 14

What is the P&L Table in Strategy Builder?

Accepted Answer

It shows the exact profit or loss values at different prices, so you can understand how your strategy behaves in specific scenarios.

Question 15

What is the Payoff Chart?

Accepted Answer

The Payoff Chart shows how your profit or loss will look at different market prices on expiry. It helps you see max profit, max loss, and breakeven points clearly.

Question 16

Can I customize a strategy?

Accepted Answer

Yes! After loading a strategy, you can modify any leg — change strike prices, expiry, lot sizes, or even add/remove legs.

Question 17

How do I select a strategy to work with?

Accepted Answer

Click “Select Strategy”, pick your Index (e.g., NIFTY), Expiry Date, and choose from 36+ prebuilt strategies (Bullish, Bearish, Neutral, etc.).

Question 18

How do I open the Strategy Builder?

Accepted Answer

Go to the Widget section, then click on the Strategy Builder icon. A blank builder screen will appear.

Question 19

Why should I use the Strategy Builder?

Accepted Answer

It simplifies complex options trading with:

36+ ready-made strategies

Live payoff charts and risk/reward visuals

Greeks (Delta, Gamma, Theta, Vega) analysis

Easy execution via Spread Ladder

Question 20

What is the Strategy Builder in OptionX?

Accepted Answer

The Strategy Builder helps you create, analyze, and trade multi-leg options strategies using real-time data and visuals — all in one place.

Question 21

What happens if I have open orders and want to edit the strategy?

Accepted Answer

You’ll see a pop-up asking if you want to cancel and update the current ladder, or create a new ladder with the new settings.

Question 22

Can I modify my strategy after launching the ladder?

Accepted Answer

Yes. Click the Pencil icon next to the strategy name to edit strikes, ratios, or expiries. You can choose to update the existing ladder or open a new one.

Question 23

What’s the difference between Series and Parallel execution?

Accepted Answer

Series: Legs are placed one after the other — good for low liquidity.

Parallel: All legs are placed at once — good for fast execution when liquidity is strong.

Question 24

How do I place a multi-leg order?

Accepted Answer

Choose your Order Type (Limit or Market) and Execution Style (Series or Parallel), then click on the Bid column to place your order. All legs are placed together.

Question 25

How do I open the Spread Ladder?

Accepted Answer

Go to the Widgets panel, select Spread Ladder, then choose a saved strategy (e.g., Iron Condor). The ladder loads with all option legs pre-filled.

How can we help you?

Frequently Asked Questions

Call us

Email us

Having an issue?