Just upgraded Option Action Beta Version from 22.214.171.124 to 126.96.36.199 and the new interface is cool and interesting filled with meaningful addition which is essential for a trader. It has a cool dashboard with Nifty, Bank Nifty, SGX Nifty, Small Cap, Mid Cap, India VIX.
We know that Open Interest is nothing but the total number of outstanding contracts. And for Options we have Open Interest for every individual strike price. It is a myth that 90% of the option expire worthless. Textbooks, Internet & even most of the option experts preach that option writing is smarter than buying options . But is that true?
OptionAction is a Option Analysis tool which lets you to build and analyze option strategies for Indian Stock Markets. It provides most of the analytics required for a option trader to practice and implement their option strategies. Though it is a simple tool with cool UI interface you can build any complex option strategies with the available pre built option templates.