Tuesday, August 11, 2020

Which broker is good for option selling

In order to trade in the stock market one is required to have a demat account and can open an account with the brokers.

These days the discount brokers are trending and everyone are moving towards the discount brokers. The reason for the same is well understood that the discount brokers have very less brokerages plans and even many are providing the free delivery of the stocks.

As I am into the option selling I prefer the brokers who allows the users to place order for deep out of the money strike price. Many broker blocks the strike price if they don't have the enough volumes and people may not sell far otm strikes.

But , I prefer to trade in tradingbell , for which I had good experience till now and they allow buying and selling of far otm strikes. Below is the link to join the same.

https://tradingbells.com/open.php?code=TB70075

Trading bell is also an discount broker and it charges rs 20 per order , it is an amazing platform to trade in future and option as well. The mobile application is simple to use. The thing I liked the most about the tradingbells is that it even allowed to trade on the scripts like crude when it fell to a very low price. Most brokers banned the crude when it fell and took away the opportunity from the retail investors to trade on crude for a low price but tradingbell allowed to trade in it at that time as well.

For trading in the future and options the tradingbell platform is good. Other than the good side it also need improvement in some areas. Its mobile application still needs more features, the future and option further can be improved by showing the various option greeks for the different strike price , showing the heat map etc.Other than that I feel the platform is doing good and one will like it when they will use it.

The link mentioned will redirect you the platform page where you can signup if you feel joining it 

https://tradingbells.com/open.php?code=TB70075

Also , the trading bell has a referral program where you can refer anyone interested and earn money from it , above is my referral link , if anyone chooses to join from it he may too can refer the others and earn some part of the commission from it.

Other than this I am also using the angel broking platform for my trades. I keep some of my investments in the angel broking and some in the trading bell. I work on the strategies of selling the options and I keep trading bell for the banknifty option selling where as I keep angel broking for the nifty option selling.

In the angel broking I try to buy the other stocks than index etf as well , but in the trading bell i completely buy the banknifty etf and bharat bonds in order to work towards a strategy to make most out of it.

I like both the platforms and will continue to use both of them.

Below is the referal link for the angel broking .

https://tinyurl.com/y8dnf7xu 

Angel broking is also a growing platform and it has also started discount broking with the name itrade where it charges 20rs per order brokerage. For more details you may visit the link above.

 

NOTE : Do your research on the brokers if you wish to join the same , I personally uses their service and I am part of their referral program , I may earn the commission if you join from my referral links. Do study and choose from your own analysis.

 


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