Introducing: Real-Time Straddle Chart on Options Trader Web by Dhan

Product Announcements 🔈
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Hi Traders,

Timely and accurate information is crucial when markets move fast, especially when you are trading in leveraged trading instruments like Options.

In our early journey, we launched Options Trader by Dhan on Web & App to ensure that Traders have access to all features, tools, data and insights about Options Trading in one place.

We have consistently worked towards giving traders the tools to understand price action, volatility, market shifts as they happen and that’s why we bring real-time market analysis features such as Advanced Option Chain, Live Market Scanner, Multistrike OI Graph, Market Movers, Straddle Chain and much more ensuring you receive the right information at the right moment.

One of the biggest challenges traders face is tracking the movement of volatility in real time. The combined premium of the ATM call and put is a critical measure of market movement and volatility. However, as the market moves and the underlying price crosses from one strike to the next, the ATM strike changes. Traders must jump between strikes, recalculate combined premiums and follow how volatility evolves. This becomes slow, manual and often leads to delayed decisions during critical moments.

We believe in making this process more simple, automatic and keep you aligned with the market’s pulse throughout the day, without any manual effort. That is why we are excited to introduce a feature that puts the true pulse of the market at your fingertips:

Introducing Real-Time Straddle Chart on Options Trader Web

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The Straddle Chart displays the combined price of the current ATM call and put option of the underlying instrument. As the underlying instrument’s price moves throughout the day and the ATM strike naturally shifts, the chart automatically updates to display the combined price of the new ATM call and put, giving you a continuous, real-time view of how the market is evolving at the most relevant strike price.

We have packed the straddle chart with robust functionalities designed for in-depth analysis:

  • Instrument Selection: Easily toggle between all NSE/BSE indices, F&O Stocks, and commodities across different expiries.

  • Multiple Timeframes: You can analyse straddle dynamics across 1-minute, 3-minute, 5-minute, 15-minute or 30-minute intervals for precise analysis.

  • Underlying Instrument Overlay: For direct comparison, an overlay of the underlying spot price is directly onto your straddle chart, allowing you to visually correlate volatility shifts with price action.

  • Key Straddle Information: The table features key information of the straddle and the ATM strikes such as LTP, LTP Change, OI, OI Change and Greeks.

With this, you can see exactly how volatility behaves as the market moves, follow time decay through the day, and make faster, data-backed decisions. You no longer have to switch between strikes or manually calculate combined premium moves.

Log in to Options Trader Web and experience the all-new Straddle Chart today.

We look forward to hearing your feedback as we continue to build with you.

Happy Trading,
Jai Supreeth

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this looks awsome! will start using and share feedback in few days.

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Thanks for letting us know @magicpoison , looking forward to your feedback.

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Waiting for straddle option chain on the dhan app and web, but @Dhan team has zero interest in bringing them.

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Hi @sri1647, straddle Chain is available on both the Dhan Option Trader app and web platform under Insights. If you are referring to the main Dhan app or web, this feature has been designed specifically for advanced option traders. PFA screenshot of the OT app for reference.

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I am referring to the main app and web. I shared this feedback multiple times an year ago. Normal traders also need straddle option chain, especially on expiry days for quick buying.

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You are asking something like hey google why I need to view YouTube video on YouTube app why can’t you provide YouTube on Gmail🤷‍♂️ i use gmail everyday and I don’t want to switch to another app for viewing videos…

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perfect analogy!

anyways straddle option chain will take the full page in itself so we’ll be using it in a new tab anyways so doesn’t really matter under which domain we’re able to see that. it’s actually easier to switch between the tabs so doesn’t really make a difference under which domain that tab is working. can execute trades from there as well anyways so it’s actually good.

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Very Nice Feature.
Good Job @Dhan Team

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@magicpoison Yes, that’s true, as Options Trader is part of the Dhan ecosystem, you can always execute a trade on Options Trader and would be able to see the same trade on any of the Dhan platforms.

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Great to hear that @RajeshK, you may surely let us know any feedback as we continue to build with you.

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So, you want to eat bread and butter separately, rather than applying butter on the bread.

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How other brokers like Fyers, 5paisa are providing it along with normal option chain through dropdown. Any option chain will take the same space. Providing the straddle option chain in the normal dhan app will be convenient to use, without switching to a different website or an app.

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i get what you’re saying but in dhan there’s no floating option chain on top of positions or charts so it’s blocking anything that you were doing anyways so i was referring in that sense. so it doesn’t really matter for trading in dhan i use a different tab anyways to quickly switch between the things. in on mobile app it’s quicker for me to switch apps directly to going back to what i was doing so it actually makes it easier for me to multi task on web and app both so for my use case it’s actually better to have another app on phone.

But i get what you’re saying. they should introduce that dropdown/option for main domain as well for those who don’t want multiple apps/tabs open.

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but it has only intraday chart it doesnot have chart since the beginning of the expiry .i even cannot plot vwap or supertrend on it.

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Hi @ROCKY2, timeframes longer than intraday will be introduced in upcoming releases. We’ve also taken your feedback regarding adding indicators.

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The option Trader website is really a gem :gem_stone: & it helps a lot to trader like me. First of all thank you dhan for building such things.

Particularly this tool is helping a lot.

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This tool or set of data is really helpful to traders like me. But after the 1st hour of the day this splendid tool loose it’s splendid spark because of many factors, you guys need to refine it or add few filters & timeline.
i would suggest Kindly add timeline filter just like below integrated in all these tools of option trader web.

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Currently after the 1st hour. every 15 min or 1 hour there are different stocks we can look for the opportunity but this amazing tool or set of data loosing it’s spark due to overflooded data of the same few stocks which are already highly Up or Down due to their move and thus we loose the real opportunity we get every part of the day. I would strongly suggest to add timeline filter (i also attached the sample picture for it ) which will make it real Gem for the traders like me.

please add selectable timeline kind of thing for all those options under the option movers tab. Don’t remove anything rather provide more filters if possible.

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Hi @Varsha777 , Thanks for the detailed explanation — it really helps!

Just to make sure we understand your request correctly, could you please clarify a couple of points:

  1. When you mention a timeline filter, are you looking for views like:

    • Full day movers

    • Last 1 hour top movers

    • Last 30 minutes top movers

    • Or a custom selectable time window

  2. You also mentioned adding more filters. Apart from the timeline, are there any specific filters you have in mind ?

This will help us align better on the exact use case and evaluate the right enhancements for the Option Movers section.

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@PravinJ @Mohseen_Usmani
Thank you for the appreciation, and I am happy that your team may work on this. The main requirement is to provide a full timeline with the freedom to choose any time range, as shown in the example picture. We should be able to select any time within that timeline. If someone wants full-day movers, they can keep the time from the market opening. The last 1 hour and the last 30 minutes should also be selectable.

The timeline must be available across all sections of these tools, such as Price Gainers, Top Value, OI Losers, and OI Gainers. This is the most important requirement.

One can also add more filters to make the tool more fine-tuned by selecting 2–3 parameters, such as OI losing + Price gaining, Price above VWAP, and EMA of our choice (50 or 200 EMA on a 5-minute candlestick). This is a perfect recipe for option buyers.

With these filters combined with the selected timeline, this tool can outperform many existing tools in the market. The results can be astonishing and outstanding. Currently, it is difficult to find or scan these conditions manually at the right time.