We know Super Traders love the experience of trading directly from TradingView charts on Dhan (tv.dhan.co). One of the most important features why users love our product is because traders can trade Options too, and in real-time.
Many of you asked for this, so we are extremely happy to introduce our newest feature: Option Chain on TradingView (tv.dhan.co). Now access, and place orders directly from the Option Chain.
How to find the Option Chain on tv.dhan.co:
- Right click on any chart of stock that is enabled for F&O
- Select Option Chain
We are shipping more this time, users of Dhan will also have the option of applying all the greeks on their charts. Greeks available are:
Users can also choose the toggle button to apply Implied Volatility on the option chain. To improve the experience, we have included visual cues depicting the strikes shaded are the ITM options, on the call and put side. The un-shaded strikes are the OTM options.
And, also this will be available both on dark theme and light theme.
Option Chain can be used as an early signal setup for breakouts or trends in the scrip. It is because institutions are active in options and they account for high volumes of daily trading, particularly from the sell side. The sudden change in OI of a particular strike is indicative of some interesting action in the scrip. We have a detailed post on this here.
Hedging strategies like straddle, strangle or condor can be visualised with all the variables on one screen and executed here by placing individual legs at a time by hovering over strikes.
We are constantly putting the efforts to improve the product experience of tv.dhan.co and with the option chain we are confident it’s going to be of help to a lot of our traders.
Stay tuned in, as we are planning on releasing more such useful features for Futures & Option traders in the coming weeks.
Also a friendly reminder for TradingView users of Dhan: Update: For TradingView users on Dhan