Hi Traders on Dhan
We have some exciting news to share with you all. After the successful launch of Flash Trade on our Mobile app, we are thrilled to announce that we have extended this amazing feature for Options Traders to Dhan Web as well!
We’ve noticed that many of you on Dhan are avid Options Traders, and we wanted to provide you with a comprehensive set of tools and features to further enhance your Options Trading experience. Flash Trade has been designed specifically for Options Buyers, keeping in mind the preferences and needs of our valued users, and ensuring they are able to discover and execute trades seamlessly.
We are super happy to announce that Flash Trades is now available on Dhan Web platform (on web.dhan.co).
Now, let’s dive into the exciting details of Flash Trade on the Web. As traders, we understand that tracking market indices, such as NIFTY, BANKNIFTY, and FINNIFTY, is crucial for forming opinions and views on market movements. In the same way CRUDE OIL, GOLD or NATURAL GAS prices are important if you are a commodity trader. You often replicate your views using Futures or Options. Given that Futures Trading requires a relatively higher capital commitment, Options Buying becomes the go-to trade for many traders now.
However, with numerous options contracts available, each with different strike prices and correlations with their underlying assets, choosing the right options contract to replicate your view can be a daunting task. This is where Flash Trade on Dhan Web comes in as a game changer.
This innovative feature is tailored specifically for Options Buyers and helps you select the correct options contract based on your view – whether you’re bullish or bearish. You’ll have three criteria to choose from:
- ATM (At The Money) Option
- Highest Open Interest (OI)
- Most Traded
Typically, traders choose one of these factors to select the strike for naked options trading. Of course, you also have the flexibility to choose another strike based on the same criteria if you prefer. We have listed the top 7 contracts in each category.
So, how do you navigate to Flash Trade on Dhan Web? It’s simple! Go to Orders > Flash > Select the underlying from drop down menu > Choose the category from tabs > Select your view – whether you’re bullish or bearish.
If you’re bullish, you’ll be presented with a list of CALL options to buy. If you’re bearish, a list of PUT options will be available for you. Regardless of your view, you’ll be buying an option. Simply choose the appropriate options contract based on your trading style and place your order instantly.
Flash Trade on Dhan Web is designed to assist Options Traders in making swift and informed decisions while trading. We genuinely hope you find this new feature useful and empowering. Give it a try, and don’t forget to let us know your thoughts and feedback!
Happy Trading!
-Naman
