Market emotion can be gauged using a derivative indicator known as the Put-Call Ratio (PCR). Both a “call option” and a “put option” provide buyers the right to buy or sell a specific asset at a specific price, respectively.
On any given day, the open interest in both a put contract and a call contract is combined to calculate the PCR.
A rising Put-Call Ratio, also known as a PCR, indicates that put contracts have a bigger open interest than call contracts. Traders are either negative on the market or using put options to protect their holdings from potential losses.
There is greater open interest in call contracts than put contracts if the Put-Call Ratio or PCR falls below 0.5. This is a sign that investors are bullish on the market as a whole.
A Put-Call Ratio of 1 shows that there are as many people interested in purchasing put options as there are in purchasing call options.
Considerations that should be taken into account Investors can use the put-call ratio to get a sense of market sentiment before a market shifts. Aside from this consideration, it’s vital to examine demand for both numerator and denominator (puts and calls).
The denominator of the ratio contains the number of call options. In other words, a decrease in the number of calls exchanged will raise the ratio’s value. Reduced call purchases without an increase in puts can raise the ratio. This is significant. To put it another way, the ratio doesn’t have to climb dramatically in order for it to do so.
As more bullish traders remain on the sidelines, the market becomes more negative as a result. However, this does not necessarily mean that the market is bearish, but rather that the market’s bullish traders are waiting for a future event, such as the impending elections or RBI meetings.
A Sign of Unpredictability:
In India, the Put-Call Ratio is a common Contrarian Indicator. The market is due for a trend reversal if the readings are excessively high or low.
Market players are overly pessimistic, and the market trend is likely to turn around soon. Similarly, exceptionally low levels signal that market participants are overconfident, and the market could turn red shortly if this trend continues.
With immediate effect on April 28th, 2022, the National Stock Exchange of India (NSE) will reinstate the “Do Not Exercise” option in stock option contracts, providing much-needed respite to stock traders.
There will be a mandatory physical settlement of stock derivatives in October 2019, according to SEBI. To put it another way, if you have an open position in a stock option contract on the expiration day, you will have to deliver/take stock when the option is exercised. Only if the contract is ITM (In-The-Money) at the time of expiration can it be executed.
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Some traders have the option to make a ‘Do Not Exercise’ request (DNE) in order to avoid exercising their entitlement to give or receive delivery. However, this option will no longer be available after October 2021.
On October 14, the final remaining ‘Do Not Exercise’ facility was shut down.
Some options traders who were unable to close their open positions on the expiry date as a result of NSE’s action burned their fingertips when they had to settle their shares physically on the expiry date.
Depending on the form of option, option holders were virtually required to either take or give physical delivery of the underlying share.
The option buyers, who pay a specified sum known as a premium, have the ‘right’ to buy or sell a stock at a specific price on a specific date or by a specific date, were the most impacted by this change. With the notion that their liability is limited, these traders found themselves caught off guard when their “right” to buy or sell had turned into their “obligation” to take or give delivery of the shares.
In order to protect traders who are unable to close down their holdings before the expiry date, the ‘Do Not Exercise’ option has been reinstated.
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An expiry date usually refers to the last day when a product or service can be used. Expiry marks the conclusion of a contract or an asset in the market. When trading in the derivatives market, such as futures and options contracts, the expiry date refers to the contract’s final date after which it will no longer be valid.
When a derivatives contract reaches its expiration date, it has a variety of consequences for derivative traders as well as the Indian stock market as a whole.
Before we get into the basics of expiry trading, it’s important to know that expiry day trading is extremely risky and it takes a certain level of experience before you can become profitable. However, if you would like to get started with options and futures analysis, you need access to the best trading platform from one of the best online share brokers in the country. At Zebu, we give you all of this and more – we also offer the lowest brokerage for intraday trading.
The meaning of derivatives contracts
Futures and options contracts on stocks, commodities, currencies, and other assets are examples of derivative contracts. Futures and options are similar in that they both convey a guarantee to buy or sell an asset at a certain price at a future date. But that’s where the resemblance ends.
You are not obligated to keep your pledge under an Options contract. You can simply choose to ignore the contract, and it will end on the agreed-upon date. A Futures contract, on the other hand, requires you to complete the deal by the expiration date. You must not allow the contract to lapse. This is what distinguishes futures from options.
The Indian stock exchange has a predetermined standard expiry date for the F & O market to remove any confusion among traders. Every month on the last Thursday, we call it an expiry day.
For example, if you buy a futures contract on January 14th, 2022, the contract will expire on January 27th, 2022, the last Thursday of the month.
If the final Thursday of the month is a trading holiday, meaning the stock market is closed on that day, the previous day, i.e. the last Wednesday of the month, is the expiry date.
Please note that Nifty and Bank Nifty indices have weekly expiries which happen every Thursday of the week. And stocks have a monthly expiry which is the last Thursday of the month.
What happens during the expiry date? Here’s what occurs when a derivatives contract reaches its expiration date in different sorts of contracts —
Options Contracts
You are not obligated to fulfil the contract in the case of options contracts. As a result, if the contract is not used before the expiration date, it will simply expire. The seller forfeits the premium you paid to purchase the option. You don’t have to pay any additional fees.
Futures Contracts
You would have to fulfil the deal on the expiration date if you were to use a futures contract. This happens in two ways.
You can purchase a new contract to replace the existing futures contract. Assume you purchased a futures contract to purchase 1000 shares of XYZ Company. You can buy another futures contract to sell 1000 shares of XYZ firm on the expiration date.
The first contract to sell the shares is nullified by this new contract, which will now be in your position. You would have to settle the price discrepancy, if any, in such cases. The price difference is due to the difference in the futures contract’s price. Because stock prices fluctuate every day, the price of the futures contract fluctuates as well. As a result, the price of the futures contract you buy first may differ from the price of the futures contract you buy later. In such circumstances, you’ll have to pay the price difference in order to complete your contract by the expiration date.
The impact of the stock’s expiration date on its price Due to the fact that the expiry date signifies the end of F&O contracts, there is a lot of volatility on the stock exchange as a whole. The stock market may turn bullish or bearish depending on the type of futures contracts settled on the expiry date.
Arbitrage trading also has an impact on stock market prices towards the expiration date. Arbitrage trading is when F&O traders want to profit from the small price difference in the same security’s contracts on different expiry dates. They might buy on the secondary market and sell on the F & O market, or the other way around. Price changes from this buying and selling have an impact on the stock market as a whole. However, this effect is just temporary, as the stock market corrects itself once the expiration date has passed.
In Conclusion
Know the expiry date of the derivative contracts you buy if you trade futures and options. The settlement of your contracts is determined by the expiry date, and you should be aware of what happens on that date. Also, as a stock trader, you should be aware of the impact of the expiry date on the overall stock market. Due to increased volatility around the expiry date, you can either book short-term profits or avoid trading altogether to reduce losses.
As we mentioned before, this is the most basic introduction to what happens on an expiry day. In future articles, we will get into more details about a few popular expiry day strategies. For now, you just need to understand that to get started with futures and options analysis, you need the lowest brokerage for intraday trading as well as the best trading platform. As a leading online share broker, we at Zebu have created the perfect trading platform with an extensive amount of features to make trading simply for you.
Both strangles and straddles are options techniques that allow an investor to profit from big price changes in a company, whether the stock moves up or down. Both strategies involve purchasing an equal number of call and put options that expire on the same day.
Option prices are intrinsically related to the price of something else, making them a sort of derivative security. You have the right, but not the responsibility, to buy or sell an underlying asset at a specified price on or before a specific date if you purchase an options contract.
A call option allows the holder to purchase stock, whereas a put option allows the holder to sell shares. An option contract’s strike price is the price at which an underlying stock can be purchased or sold. Before a position can be closed for a profit, the stock must rise above this price for calls and fall below this price for puts.
Before we give you an explainer of the strangle and straddle, it is important to know that you need to analyse them for maximum profits. At Zebu, one of the fastest-growing brokerage firms in the country, we have created the best Indian trading platform with the lowest brokerage for intraday trading. If you would like to simplify your option trading game, we are here to help you out.
Options Straddle
A straddle trade is one technique for a trader to profit on an underlying asset’s price change. Let’s imagine a company’s latest earnings are due in three weeks, and you have no idea whether the news will be positive or negative. Because the stock is expected to go dramatically higher or down when the results are published, the weeks leading up to the news release are an excellent opportunity to enter into a straddle.
Let’s pretend that the stock is trading at Rs 1000 in April. Assume the price of a Rs 1000 call option for June is Rs 20 and the price of a Rs 1000 put option for June is Rs 10. A straddle is created by buying both the call and the put options. If the lot size is 200, your total investment would be (20+10)*100 = Rs 3000.
The straddle will gain value if the stock rises (because of the long call option) or falls (due to the short call option) (because of the long put option). Profits will be achieved as long as the stock price swings in either direction by more than Rs 30 per share.
Profits will be achieved as long as the stock price swings in either direction by more than Rs 30 per share. Since ATM options are bought, this strategy is called a long straddle. Traders with large capitals often choose short straddles to make additional income.
In short straddle, instead of buying the ATM call and put options, traders sell them. It is a directionally neutral strategy.
Options Strangle
The improvisation of the strangle over the straddle mostly helps in lowering the strategy cost. But, the number of points required to break even rises.
The strangle requires the purchase of OTM call and put options. Remember that the OTM strike is usually cheaper than the ATM strike, therefore setting up a strangle is less expensive than setting up a straddle.
For example, if the Nifty is currently trading at 7921, we’ll need to buy OTM Call and Put options to put up a strangle. Keep in mind that both options must have the same expiration date and underlying.
Assume you purchase OTM options with a 200-point spread. As a result, you would purchase the 7700 Put option and the 8100 Call option. These options are currently trading at a price of Rs 20 and 30, respectively. The total premium for executing the strangle is 50. Nifty must expire above 8100 or below 7700 to be profitable in this method.
When you sell OTM options, then it is called a short strangle. It is a neutral strategy that is profitable if the underlying expires between the two strikes of the OTM options.
While this is just an overview of the strangle and straddle, two of the most common options trading strategy, we will get into a detailed look at the strategies with respect to moneyness as well as option greeks in a later post.
As we mentioned before, trading strangles and straddles requires the best Indian trading platform and the lowest brokerage for intraday trading. As one of the best brokerage firms in the country, we have created a powerful trading platform that makes option analysis easy for you. To know more about its features, please get in touch with us now.
In our journey to list the common options trading mistakes that beginner traders make, we are at the very end. In this article, we will cover the final 4 common mistakes that options traders make and how you can avoid them by trading smarter.
Before we begin though, you need to understand that options can help you grow a small account into a much larger one. However, you can enjoy all of that with the lowest brokerage you can find for options trading. Zebu gives you this and more. As one of the best brokerage firms in the country, you also get the best trading accounts from us. Please get in touch with us to know more.
7. Failure to Factor Upcoming Events
When you trade options, there are two things you need to keep an eye on: the earnings and dividend dates for the stock you’re betting on.
If a dividend is coming up and you have sold calls, there is a higher chance that your premium will rise due to positive market sentiments. As the holder of an option, you are also not entitled to the dividends of the company. Therefore, you have to cover your call option and buy the underlying stock.
The smarter way to trade
Be sure to factor in upcoming events. Also, unless you’re ready to take a larger risk of assignment, avoid selling options contracts with upcoming dividends.
Trading during earnings season usually means you’ll see more volatility in the underlying stock and pay more for the option. If you want to buy an option during earnings season, you can create a spread by buying one option and selling another.
Understanding implied volatility can also help you make better decisions about the current price of an option contract and its anticipated future fluctuations. Implied volatility is calculated from the price of an option and reveals what the market thinks about the stock’s future volatility. While implied volatility cannot predict which way a stock will move, it can help you determine whether it will move significantly or only slightly. It’s important to remember that the bigger the option premium, the greater the implied volatility.
8. Legging Into Spreads Most rookie options traders attempt to “leg into” a spread by purchasing one option first and then selling the other. They’re attempting to reduce the price by a few pennies. It simply isn’t worth taking the chance.
This scenario has also burnt many seasoned options traders, who have learnt their lessons the hard way.
The smarter way to trade
If you want to trade a spread, don’t “leg in.” Spreads can be traded as a single deal. Don’t take on unnecessary market risk.
You might, for example, buy a call and then try to time the selling of another call to get a slightly higher price on the second leg. If market circumstances deteriorate, you won’t be able to cover your spread, so this is a losing strategy. You can be stuck on a long call with no plan to follow.
If you want to try out this trading method, don’t buy a spread and wait for the market to move in your favour. You may believe that you will be able to resell it at a greater price later, but this is an unrealistic expectation.
Always treat a spread as a single trade rather than try to deal with the details of timing. You have to get into the trade before the market starts going down.
9 Ignoring Index Options for Neutral Trades
Individual stocks can be quite volatile. For example, if there is a major unforeseen news event in a company, it could rock the stock for a few days. On the other hand, even serious turmoil in a major company that’s part of the Nifty50 probably wouldn’t cause that index to fluctuate very much.
What’s the moral of the story?
Index-based options trading can protect you from the massive swings that single news items might cause in individual stocks. Consider neutral trades on big indexes, and you can minimise the uncertain impact of market news.
The smarter way to trade
A short spread (also called a credit spread) on an index could be a good way to make money when the market doesn’t move. In comparison to other stocks, index moves are less dramatic and less prone to be influenced by the media.
Short spreads are typically designed to profit even if the underlying price remains unchanged. Short call spreads are considered “neutral to bearish,” whereas short put spreads are considered “neutral to bullish.”
Remember, spreads involve more than one option trade, and therefore incur more than one count of brokerage.
As we have mentioned before, avoiding these mistakes while starting on your options trading journey can go a long way in protecting your capital. While you take care of your options trading strategy, we take care of the rest. As one of the fastest-growing brokerage firms in the country, we provide our clients with the best trading accounts as well as the lowest brokerages for options trading. To know more about our services and products, please get in touch with us now.
In the previous article, we saw 3 of the most common mistakes beginner options traders can make and the smarter ways to overcome them. This article is a continuation of the list and we will cover 3 more common mistakes that can be avoided by trading smartly.
But do people make mistakes only with strategies? No, it is important to choose the right technologies as well. As one of the top brokers in the share market, we at Zebu offer trading accounts with lowest brokerage, and an online trading platform to help you focus only on executing your strategies efficiently.
4. Not Trying Out New Strategies
Out-of-the-money options and in-the-money options are two types of options that many traders say they won’t buy or sell. These rules don’t make sense until you’re in a trade that’s going against you.
We’ve all been there. A lot of people break their own rules when they face this situation.
You can find several options trading strategies that can be integrated into your own system. The most important point here is that buying a call option is so much different than buying a stock or its futures. But it can be a lucrative career if you are starting out with a smaller capital.
The smarter way to trade
Be willing to learn new ways to trade options. Remember that options aren’t the same thing as stocks. This means that their prices don’t move the same or even have the same properties as the stock they’re linked to. Time decay always needs to be taken into account when you make plans.
Find a new trade that makes sense to you. Options can be a great way to get a lot of leverage on a small amount of money, but they can also quickly lose value if you dig yourself in too far. Be willing to lose a small amount of money if it gives you the chance to avoid a disaster in the long run.
5. Trading illiquid options
Liquidity is all about how quickly a trader can buy or sell something without creating a big change in the price. A liquid market is one with ready, active buyers and sellers at all times.
Here’s another way to look at it: liquidity is the chance that the next trade will be done at the same price as the last one.
It’s simple: Stock markets are more liquid than option markets because they have more people buying and selling them. Stock traders only trade one stock, but options traders may be able to choose from dozens of options contracts.
If you want to trade stocks, you’ll only be able to buy one type of TCS stock. Options traders, on the other hand, can choose from 3 different expiration dates and a wide range of strike prices to trade. With these many options, the options market will probably not be as liquid as the stock market.
Stock or options traders don’t have to worry about having enough of a stock like TCS because it’s usually a lot bigger than that. There is more of a problem with small stocks.
If the stock is illiquid, the options of the same stock will likely be even more inactive. This is usually going to make the spread between the bid and ask price for the options look a little too big.
For example, if the bid-ask spread is Rs 0.20 (bid = Rs 1.80, ask = Rs 2.00), and if you buy the Rs 2.00 contract, that’s a full 10 percent of the price paid to establish the position.
It’s never a good idea to start your trade with a 10% loss right away, just by choosing an option with a wide bid-ask spread.
The smarter way to trade
It costs more to do business when you trade options that aren’t easy to sell. A simple rule you can follow is to make sure that the associated open interest for the strike price is at least equal to 40 times the number of contracts you want to trade.
For example, if you want to trade a 10-lot, you should have at least 400 open orders. Open interest represents the number of outstanding options contracts of a strike price and expiration date that have been bought or sold to open a position. Any opening transactions increase open interest, while closing transactions decrease it. You can trade options that are easy to buy and sell. This will save you money and stress. Plenty of liquid opportunities exist.
6. Waiting Too Long to Buy Back Short Options
There is only one piece of advice for those who do not buy back short options and it is as straightforward as it gets: Be willing to buy back short options early.
There are a lot of times when traders will wait too long to buy back the options they’ve sold. There are a million reasons why. For example: You don’t want to pay the commission. You’re betting the contract will expire worthlessly. You’re hoping to make just a little more profit out of the trade.
The smarter way to trade
Know when to buy back your short options. If your short option becomes OTM and you can buy it back to take the risk off the table profitably, do it.
A Rs 100 premium option might go down to Rs 2 at expiry. You wouldn’t sell a Rs 2 option to begin with, because it just wouldn’t be worth it. Similarly, you shouldn’t think it’s worth it to squeeze the last few paisas out of this trade.
Here’s a good rule of thumb: If you can keep 80 per cent or more of your initial gain from the sale of the option, you should consider buying it back. As one of the top brokers in the share market, we at Zebu offer trading accounts with lowest brokerage, and an online trading platform to execute your strategies. To know more, please get in touch with us now.
In the last article, we got to understand the basics of what moves an option’s premium. There are several factors like implied volatility, moneyness and time to decay that affect its price. In this article, we take a detailed look at each of the options Greeks and how they work.
For every 1 Re change in the price of the underlying securities or index, Delta estimates how much an option’s price can be expected to vary. A Delta of 0.40, for example, suggests that the option’s price will move 40 paisa for every 1 Re movement in the price of the underlying stock or index. As you may expect, the higher the Delta, the greater the price variation.
Traders frequently utilise Delta to determine whether an option will expire in the money. A Delta of 0.40 is taken to signify that the option has a 40% chance of being ITM at expiration at that point in time. This isn’t to say that higher-Delta options aren’t profitable. After all, you might not make any money if you paid a high premium for an option that expires ITM.
Delta can alternatively be thought of as the number of shares of the underlying stock that the option mimics. A Delta of 0.40 indicates that if the underlying stock moves 1 Re, the option will likely gain or lose the same amount as 40 shares of the stock.
Call Options
The positive Delta of call options can range from 0.00 to 1.00. The Delta of at-the-money options is usually around 0.50. As the option’s price goes deeper into the money, the Delta will rise till it eventually reaches 1. As expiration approaches, the Delta of ITM call options will approach 1.00. As expiration approaches, the Delta of out-of-the-money call options will almost go down to 0.00.
Put Options
The negative Delta of put options can range from 0.00 to –1.00. The Delta of at-the-money options is usually around –0.50. As the option goes deeper ITM, the Delta will fall (and approach –1.00). As expiration approaches, the Delta of ITM put options will reach –1.00. As expiration approaches, the Delta of out-of-the-money put options will almost go down to 0.00.
Gamma
Gamma represents the rate of change in an option’s Delta over time, whereas Delta is a snapshot in time. You can think of Delta as speed and Gamma as acceleration if you remember your high school physics lesson. Gamma is the rate of change in an option’s Delta per 1 Re change in the underlying stock price in practice.
We imagined a Delta of.40 choice in the previous case. The option’s Delta is no longer 0.40 if the underlying stock moves 1 Re and the option moves 40 paise with it. Why? The call option is now considerably deeper ITM, and its Delta should move even closer to 1.00 as a result of this 1 Re move. Assume that the Delta is now 0.55 as a result of this. The Gamma of the choice is 0.15, which is the difference in Delta from 0.40 to 0.55.
Gamma falls when an option acquires further ITM and Delta approaches 1.00 since Delta can’t reach 1.00. After all, when you near top speed, there’s less room for acceleration.
Theta
If all other factors remain constant, theta informs you how much the price of an option should decline each day as it approaches expiration. Time decay is the term for this type of price depreciation over time.
Time-value erosion is not linear, which means that as expiry approaches, the price erosion of at-the-money (ATM), just slightly out-of-the-money, and ITM options generally increases, whereas the price erosion of far out-of-the-money (OOTM) options generally drops.
Vega
Vega is the rate of change in an option’s price per one percentage point change in the underlying stock’s implied volatility. Vega is used to estimate how much the price of an option would vary with respect to the volatility of the underlying.
More information on Vega:
One of the most important elements impacting the value of options is volatility. Both calls and puts will likely lose value if Vega falls. A rise in Vega will normally raise the value of both calls and puts.
If you ignore Vega, you may end up paying too much for your options. When all other conditions are equal, consider purchasing options when Vega is below “normal” levels and selling options when Vega is above “normal” levels when choosing a strategy for options trading. Analysing the implied volatility with respect to the historical volatility is one approach to analyse this.
Implied volatility
Despite the fact that implied volatility is not a Greek, it is still important. Implied volatility is a prediction of how volatile an underlying stock will be in the future, but it’s only an estimate. While it is possible to predict a stock’s future movements by looking at its historical volatility, among other things, the implied volatility reflected in an option’s price is an inference based on a variety of other factors, including upcoming earnings reports, merger and acquisition rumours, pending product launches, and so on.
These are the different option greeks that you need to use in conjunction with other bullish and bearish strategies and mathematical models that you might use to determine market moves.
A lot of factors influence an option’s pricing, which can benefit or hurt traders depending on their positions. The “Greeks” are a set of risk metrics named after the Greek letters that identify them, which reflect how sensitive an option is to time-value decay, changes in implied volatility, and movements in the price of its underlying security.
Theta, vega, delta, and gamma are the four basic Greek risk measurements. Here’s a closer look at each.
Before we begin… Options trading can be extremely profitable if done with the right trading system and with discipline. However, you need to back up your strategy with the best Indian trading platform like Zebull from Zebu. We provide one of the lowest brokerages for intraday trading and are one of the top brokers in the share market right now. And we would love to help you with your options strategy execution.
Why option Greeks For the uninitiated, options can be exercised, or converted into shares of the underlying asset, at a set price. Every option has an expiration date and a premium connected with it. One of the most popular option pricing models is Black-Scholes, which leads to price fluctuations. Greeks are frequently viewed alongside an option price model to properly assess risk.
Volatility Volatility refers to how much an option’s premium (or market value) changes before expiration. Financial, economic, and geopolitical risks can all create price changes.
Implied volatility measures the market’s expectation of price movement. Investors use implied volatility (or implied vol) to forecast future price movements in a securities or company. If implied volatility is predicted to rise, the premium on an option will likely rise as well.
Profitability Several words describe a profitable or unprofitable option. The intrinsic value is the difference between the strike price and the price of the underlying stock or asset.
At-the-money options have the same strike price as the underlying asset. An in-the-money option has a profit because the strike price is higher than the underlying price.
In contrast, an out-of-the-money option has no profit when compared to the underlying’s price. In the case of a call option, the underlying price is less than the strike price. A put option is OTM when the underlying price exceeds the strike price.
Influences on an Option’s Price Assuming other variables stay constant, an increase in implied volatility increases an option’s price.
Traders that are long or short will have different returns. If a trader is long a call option, increased implied volatility is beneficial since it increases the option premium. For traders holding short call options, an increase in implied volatility has the opposite (or negative) effect.
A surge in volatility would not assist a naked option writer because they want the option’s price to fall. Writers are option sellers. If a writer sells a call option, the buyer will exercise the option if the stock price rises above the strike. That is, if the stock price rose enough, the seller would have to sell shares to the option holder at the strike price.
Sellers of options are compensated for the risk of their options being exercised against them. This is called shorting.
A decrease in implied volatility, shorter expiration time, and a decline in the underlying security’s price favour the short call holder.
Increasing volatility, time left on the option, and underlying will benefit long call holders.
Indicated volatility decreases, time till expiration increases, and the price of the underlying security rises for short put holders, whereas long puts profit from an increase in implied volatility, time until expiration increases, and the underlying security price decreases.
During the life of most option deals, interest rates play a little influence. Its impact on an option’s price is measured by rho, a lesser-known Greek. Generally, higher interest rates make call options more expensive and put options cheaper.
All of this sets the stage for examining the risk categories used to assess these variables’ relative impact.
Remember that the Greeks help traders forecast price fluctuations. In this article, we have laid a foundation on what moves an option price. In the next article, let’s take a closer look at the different Greeks in an option.
At Zebu, we strive to provide our customers with the lowest brokerage for intraday trading. Zebull is our proprietary trading platform that lets you analyse option greeks to perfection and is growing fast to become the best Indian trading platform. As one of the top brokers in share market, we believe that we have the right products and features to help you make the best trades. Please get in touch with us to know more.
