Stock market: Zerodha has this good news for options traders

livemint.com:

Zerodha's Nithin Kamath on Monday announced that Sensibull will be free for all Zerodha options traders. “We have good news for all @zerodhaonline option traders,@BeSensibull will now be completely free. We cover the costs so that @abidsensibull & Team can focus on only one thing: Help option traders do better," Kamath tweeted.

  Sensibull CEO and co-founder Abid Hassan said in a tweet on Monday.“This is the biggest and the most exciting news since we started Sensibull in 2017. Starting today, Sensibull will be 100 per cent free for all Zerodha users, forever."  He added that users get access to the country’s best options trading platform for free, Zerodha gives their options traders the best user experience, and we get paid too as a business. “Everyone wins!" Options are a form of derivative contract that gives traders the right to sell or sell the equity at any time during the duration of the contract i.e.

one has the right but not an obligation to buy or sell the security. Option buyers are charged an amount called a premium by the sellers for such a right. There are two types of options: the ‘call’ option where a trader has the option to buy the stock at the predetermined price anytime during the contract and the ‘put’ option where the trader has the option to sell the stock when it reaches a specific price.

Yes No, there are no charges at all for using Sensibull for Zerodha users. For trading, you have to pay the normal charges that you pay Zerodha – Rs.20 per order – whether you trade from Kite, or directly from Sensibull Very simple. Sensibull does not have to think of making a yearly profit from subscriptions or selling more of our product.