How to Trade Options on CoinDCX | Step-by-Step Guide

[00:04] launched a new feature known as Options. So earlier you could trade in futures but you could not trade in options because you did not have the option of options. So now if you want, you can trade in options

[00:16] and minimize your risk. Let's see in today's video how we will do option trading. First of all you have to open this application. If you have registered, there is a link in the description of the video through which you

[00:29] can easily create an account. 20% less charges will have to be paid. After creating the account from there, your account will be activated. You can see something like this. Isn't it? So now everyone has to come down here. There is Home, Invest, Market, FAO, and Portfolio.

[00:42] We have to click on FAO. We click on FAO. As soon as you click on FAO , you will see that you have a chart. Some details are visible. But future segment. What do we have to do? We want to do options trading. So here,

[00:56] next to the future written at the top, an option is written. You have to click on that. As soon as you click on the option, you can see that the option chain starts appearing. This feature has been added recently. It was not there before. So let us now see

[01:09] what things have been introduced to you in this. First of all, there are three lines here on the left side in the corner. Click on it. As soon as you click on it, Click on it. As soon as you click on it, it will be known that

[01:23] you can do options trading in three – Bitcoin, Ethereum and Solana. Isn't it ? You can see here that you will be able to trade options in three ways, and below you will

[01:35] want to add someone to your favorites, you can do so by clicking on Start. here you can see that the dates are 13 December, 14 December, 15 December, that is, you can trade in daily expiry. After this, if it comes down then all call and

[01:50] and put both are given. But if you only want call data then you will see that only the call data is visible. If you click on the put, you will only see the put data. We set it to all by default. After this, if you

[02:06] index price of Bitcoin. After this, if we go further down, all the strike prices are visible here. way, first of all we have seen its first feature. Now let's come to the second feature. The

[02:23] second feature is that you can see Bitcoin, UST and its current price and how much is an option for feedback. Feedback means if a new option is introduced, you is the option of candle. You can easily see its chart by clicking from there. Then click on it and the

[02:38] chart will be removed. If you want to search for something by going to the search option, or you can do that and by clicking on the three dots you can see some more things. Like IAR you can add. You can set the margin mode. You can see the fee details. How much fees will be

[02:53] charged? Ok? You can see the new term conditions. Feedback, support, conversion rate, all these things. Suppose you want to see the fees, then if you click on the fee details, you can see how much the fees are. Isn't it ? So these are the basic things. Now if we

[03:06] come below this, there is a chain, so here on the chain means option chain, you are seeing where the strike price is currently and what are the prices in call put. What strike prices are moving? Also sorry what premiums are going on. Now here

[03:18] you are seeing 14th December. Now if you want, if you click on 15, the option chain of 15th December will be visible. If you want to watch it on 19th December, you can watch it from here. So one thing you're noticing here. The expiry that is happening here is not daily expiry. The

[03:31] expiry that you are seeing here is weekly expiry. Like after 19 there is 26. Isn't it? Then 2 January then 30 January. But if you come just before this, you will see that 13th December, 14th December, 15th December are continuously the daily

[03:45] expiry dates here. The next one is for weekly expiry. After this there is the basket option. The basket hasn't arrived yet. So the basket will come and you can do your hedging etc. Ok? You can set some things by clicking on the next option. You

[03:58] can apply filters. So in this way you have seen the option chain. Now the next option comes that brother, if you want to add money then how? So here at the bottom you will see Plus Add IAR, click on it and we transfer the money that is in our wallet.

[04:11] So let's say we want to transfer not more than ₹200 from here. So we put 200 here and click on the transfer to wallet option here. As you do this, you will see that ₹200 starts appearing here. As soon as ₹200 is visible, you can easily take the trade.

[04:25] As soon as ₹200 is visible, you can easily take the trade. Now today is the date, it will be the 13th today. Ok ? So the date is 13th, so accordingly we will see which trade we would prefer to take. we will see which trade we would prefer to take. So 1 minute.

[04:45] you have to see in which market you want to take the trade? Whether you are interested in Bitcoin or Solana or Ethereum. Suppose we want to click on Solana from here. Like Solana will do, Solana's option chain of Solana has opened,

[04:59] right? What do we do now? First of all you have to open the chart. Open the chart and fill it. Now let's see what the situation is going on in Solana. So Solana has just fallen significantly in the middle. Then there's a little bit above. A red candle is forming now. Ok?

[05:15] Light red candles started forming. He is on his high. So we'll try to shorten it here. So we'll try to shorten it here. So right now it's 133 So right now it's 133 040. Ok? Now we hide it from here

[05:27] and from here we try to shorten it. Now to go short means we have to buy a put. If you you will buy a put. If you feel that the market is going to go up then you will call buy.

[05:41] Now we have to buy a put, so we have to keep in mind at what price we have to buy the put. Look, the one on the extreme left side here is a call and the one on the extreme right side is a put. Ok? Ok? So we have to buy put. So let's do a put buy.

[05:53] Here we click on this. The quantity is visible. We have selected a quantity and need ₹165.10 here. We buy put. Like buy put. Now we will see that we have done buy put and now we will

[06:07] see that we are in profit. Ok? There is a profit of about 6.5%. And in this way you can trade normally. Now here you can see in position how much your PNL is is the profit loss in percentage? How much quantity did you buy ? We did a quantity buy.

[06:22] What is the current value? How much margin have we given ? We have given a margin of ₹154.56 paise. The average entry is at 1.610. The market price is 1.754 and the best bid is at 1.28.

[06:36] click on Increase here and you can increase the quantity from here. If you do not want to increase, you want to close, you feel that you have taken , you will go here and close it. So in this way you

[06:53] can trade it normally. Two more options come here. Made in a dot type. You can get complete details by looking at it. What are the details? And secondly, here you will click on the option of a share. So as you share, it will show here how much

[07:07] profit you have gained in Solana and at which strike price. Ok? And what is the expiry? So in this way I hope you understood everything about how to take trades etc. and now there will be no confusion in option trading. Ok? So in

[07:20] this way you can easily do option trading. You will go straight to the chain. Go to the chain and click on wherever you want to create a position, whether it is in call or put, and in this way you can easily create a position. From here

[07:32] you can select strike and expiry. At which expiry do you want to create a position? In this way, you can also select the expiry and create a position. Ok? I hope you understood everything that I tried to explain. So

[07:45] we have understood and seen almost all the basic things and option you have understood option trading well. The advantage of this is that if you incur a loss,

[07:57] your premium is lost and if you make a profit, you can make huge unlimited profits. So if you feel that no, your institution, your intuition is very best. Now the market is going to go as you are predicting.

[08:11] Then it's okay. If it does not seem so then there are more chances of some losses. So you have to always keep this thing in mind. Ok?

[08:23] So look, as long as the market goes down, we will get profit. If the market goes up, our profit will be compromised. If you close at market then you are incurring loss and if you close at limit then you are making profit.

[08:36] But the advantage of doing it at limit is that It will close. Whatever profit or loss occurs in the market,

[08:48] you will have to book it. So I hope you have understood the thing. If you like the video, please like and share it.