OptionX FAQs - Page 6

Question 1

What strategies can I use with the Spread Ladder?

Accepted Answer

You can trade advanced strategies like Iron Condor, Strangle, Butterfly, and Calendar Spreads, all from a single interface. You can create your own strategy, or OptionX will give you 36+ prebuilt strategies.

Question 2

What is the Spread Ladder in OptionX?

Accepted Answer

The Spread Ladder lets you place and manage multi-leg option strategies (like Iron Condor, Strangle, etc.) in one click, without placing each leg manually.

Question 3

Does Price ladder XY automatically select the option contract?

Accepted Answer

Yes, the ladder auto-focuses on the At-The-Money (ATM) option contract based on the index level. Or you can change the option contract from the entry panel.

Question 4

Can I use it for practice without real money?

Accepted Answer

Yes, enable Paper Trading mode to test strategies risk-free.

Question 5

How do I access Price Ladder XY on OptionX?

Accepted Answer

Log in to the OptionX platform → Go to the Widgets/Tools section → Click on Price Ladder XY → Choose your index (like NIFTY or BANK NIFTY).

Question 6

Who should use Price Ladder XY?

Accepted Answer

It's ideal for scalpers, intraday traders, and high-frequency traders who need to react fast to market breakouts or reversals.

Question 7

How is Price Ladder XY is different from regular trading tools?

Accepted Answer

Unlike standard tools where you trade based on option prices, Price Ladder XY links your trades directly to the index price, letting you act instantly when a level (like 24,000 on Nifty) is hit.

Question 8

What is Price Ladder XY?

Accepted Answer

Price Ladder XY is a smart trading tool that lets you place option orders based on the index price (like Nifty or Bank Nifty), not the option price itself. It's great for quick trades during market moves.

Question 9

I’m not sure which strategy to choose. What do you recommend?

Accepted Answer

If you're just starting:

For Bullish view: Try Bull Call Spread

For Range-bound market: Try Iron Condor

Use Payoff and Greeks to compare

You can also attend our Strategy Workshops to learn live from experts.

Question 10

Does the builder update in real time?

Accepted Answer

Yes. It uses live option chain data, so:

Premiums, Greeks, and Payoffs adjust automatically

Helps in fast-paced markets like expiry days or during news events

Question 11

Can I simulate strategies without placing live trades?

Accepted Answer

Yes! Enable Paper Trading Mode:

Build and save strategies

Analyze payoff and Greeks

Place and test strategy execution risk-free

This helps refine your approach before trading live.

Question 12

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

Accepted Answer

Price Ladder: For single-leg trades

Spread Ladder: For executing full strategies involving 2+ legs (like Spreads, Straddles, Condors)

Spread Ladder aligns execution for all legs with minimal slippage.

Question 13

How do I place orders from the Strategy Builder?

Accepted Answer

Once ready:

Click on “Trade via Ladder”

It will take you to the Spread Ladder

Place all legs with a single click, or leg-by-leg as per your preference

✅ OptionX ensures all legs are correctly mapped to your chosen expiry and strike.

Question 14

Can I save my strategy for future use?

Accepted Answer

Yes. To save:

Click Save As

Name your strategy (e.g., “Nifty Iron Condor – Earnings”)

Your saved strategy can be accessed later from the Saved Strategies section

📌 Tip: Saved strategies retain leg structure and expiry but auto-refresh prices.

Question 15

What Greeks are shown in Optionx Strategy builder?

Accepted Answer

For each strategy and its legs, you’ll get:

Delta – Sensitivity to price

Gamma – Change in Delta

Theta – Time decay

Vega – Volatility sensitivity

Great for advanced users managing portfolio sensitivity.

Question 16

How do I interpret the Payoff Chart?

Accepted Answer

The Payoff Chart shows:

Max Profit and Max Loss visually

Breakeven zones

P&L at expiry across underlying price levels

It helps you evaluate risk vs reward before placing a trade.

Question 17

Can I create my own strategy from scratch?

Accepted Answer

Absolutely. Instead of selecting a prebuilt template:

Click “Add Leg”

Choose Call/Put, Strike, Type (Buy/Sell), and Quantity

Use live data from the Option Chain

Every change updates the chart and Greek values instantly.

Question 18

What kind of strategies are available?

Accepted Answer

OptionX includes 36+ prebuilt strategies, grouped into:

Bullish: Bull Call Spread, Synthetic Long

Bearish: Bear Put Spread, Short Call

Neutral: Iron Condor, Butterfly

Others: Custom spreads, Calendar, Ratio spreads

You can also modify or remove legs after selecting.

Question 19

Can I choose my own expiry and instruments?

Accepted Answer

Yes. Once the builder opens:

Click on “Select Strategy”

Choose your index (e.g., NIFTY or BANKNIFTY) and expiry date

You can then load prebuilt strategies or create your own custom legs

Question 20

Where can I find the Strategy Builder?

Accepted Answer

Go to the Widgets section from the sidebar or top menu.

Click on Strategy Builder.

A default strategy screen will open where you can start building or load prebuilt ones.

Question 21

What is the Strategy Builder in OptionX?

Accepted Answer

The Strategy Builder is a visual tool that lets you create, analyze, and execute multi-leg option strategies — from simple Spreads to complex Condors. It comes with:

36+ prebuilt strategies

Live payoff charts

Greek analytics

One-click execution on the Spread Ladder

Perfect for both beginners and advanced traders.

Question 22

What are those drag-and-drop features I see on the ladder?

Accepted Answer

That’s OptionX’s visual order control system:

Drag orders to modify price

Right-click to cancel

Real-time changes without going to a separate panel

This makes it perfect for scalping and fast-moving markets.

Question 23

Can I place multi-leg trades or strategies?

Accepted Answer

Yes! For example:

Use the Strategy Builder to build a spread (e.g., Bull Call Spread)

Use the Spread Ladder to monitor and execute complex positions with one-click execution

These tools are accessible from the sidebar or widget section.

Question 24

Where can I track open orders and positions?

Accepted Answer

By scrolling down you can find open orders table and position table:

Manage your all your positions

Modify or exit trades or cancel orders

Track real-time P&L, entry price, SL/Target, and Greeks

Question 25

How do I add a Stop Loss or set a Target?

Accepted Answer

Use Bracket Orders or Cover Orders in the Entry Panel:

Bracket = Entry + SL + Target (OCO)

Cover = Entry + Mandatory SL
You can also enable Auto SL Trailing to automatically move your stop-loss as price moves in your favor.

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