> For the complete documentation index, see [llms.txt](https://usermanuals.geojit.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://usermanuals.geojit.com/flip-web/trade.md).

# Trade

#### This section contains: <a href="#how-to-access-the-trade-page" id="how-to-access-the-trade-page"></a>

* [How to access the Trade page?](#how-to-access-the-trade-page-1)
* [How to enable/disable the Trade page?](#how-to-enable-disable-the-trade-page)
* [How to open a contract on the Trade page?](#how-to-open-a-contract-on-the-trade-page)
* [Option Chain Screen](#option-chain-screen)
* [How to customize displayed fields?](#customizing-displayed-fields)
* [How to take a position on the trade page?](#how-to-take-a-position-on-the-trade-page)
* [How to view your positions in the Trade page ?](#how-to-view-your-positions-in-the-trade-page)
* [Group/Ungroup Derivative Positions](#group-ungroup-derivative-positions)
* [How to take a position using the strategy menu?](#how-to-take-a-position-using-the-strategy-menu)
* [How to view payoff page ?](#how-to-view-the-payoff-page)
* [How to place a Multi‑Leg Order on the Trade Page?](#how-to-place-a-multi-leg-order-on-the-trade-page)
* [How to place a calendar order?](#how-to-place-a-calendar-order)
* [How to set the number of visible strikes?](#how-to-set-the-number-of-visible-strikes)
* [How to Change the Order Quantity?](#how-to-change-the-order-quantity)
* [How to open charts on the Trade page?](#how-to-open-charts-on-the-trade-page)
* [Open Interest ](#oi-open-interest)
* [Strategy Finder](#strategy-finder)

#### How to access the Trade page? <a href="#how-to-access-the-trade-page" id="how-to-access-the-trade-page"></a>

* Once you log in, you will land on your portfolio page by default.
* Find the '**Trade**' tab on the top banner.
* Click on it, and you will land on the trade page, where you can effortlessly trade in the derivative segments.

![](/files/3c1c5efdc3ec5268e6399ecff1b30089612723f3)

#### How to enable/disable the Trade page?

<figure><img src="/files/fu0UHcMv6BBOOoKmxz09" alt=""><figcaption></figcaption></figure>

* Go to **More**> **Settings**.
* Find **Column Editor**.
* Locate the **Trade** option.
* Use the **toggle switch** to:
  * **Enable** the Trade page – Allows you to view and customize trade-related columns.
  * **Disable** the Trade page – Hides the Trade page from view.

### How to open a contract on the Trade page?

* Navigate to the **Trade** page.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.

<figure><img src="/files/szxFxhh455wUyU8YgjUR" alt=""><figcaption></figcaption></figure>

* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* The available contracts for that instrument will be listed.

<figure><img src="/files/JoDhWzLe0h6dEWbLAEMV" alt=""><figcaption></figcaption></figure>

* Click on the desired contract to open the **Options Chain** screen.&#x20;

<figure><img src="/files/DeHThluBkqnrk9yjnFAg" alt=""><figcaption></figcaption></figure>

### Option Chain Screen

The Option Chain screen is divided into three major sections:

* CALL options
* Strike Price column
* PUT options

<figure><img src="/files/iCxjyRkUoLeuOQGBndtd" alt=""><figcaption></figcaption></figure>

* Users can:
  * Scroll vertically through strikes
  * Compare bid and ask prices
  * Select contracts directly from the chain
* Color indicators:

  * Active selections (option legs) are highlighted in **green for calls** and **red for puts**.
  * **ITM** contracts are denoted with a **blue line**.
  * A **blue dotted line** represents **SD** (standard deviation).

  <figure><img src="/files/0TU9IoFSFzMWCVYh2UND" alt=""><figcaption></figcaption></figure>
* **Strike Price Column:** Displays available strike prices.
* **Expected Move**: The Expected Move of an underlying is calculated based on the options price. The brown highlighted portion in the image displays the same.

<figure><img src="/files/4jskeFn0G6gd31qdbOgk" alt=""><figcaption></figcaption></figure>

### Customizing Displayed Fields

Users can customize the display of the following four fields:

* **Open Interest**
* **Delta**
* **Last Traded Price (LTP)**
* **Implied Volatility (IV%)**

To modify a field:

1. Click on the respective field heading.
2. A **drop‑down menu** will appear.
3. Select the preferred segment or parameter from the menu.

The selected changes are applied **instantly** and reflected on the screen.

<figure><img src="/files/1H5fseowQWDVm7YvHPX4" alt=""><figcaption></figcaption></figure>

<details>

<summary><mark style="color:red;"><strong>Options Chain Key Metrics</strong></mark></summary>

* **OPEN INT (Open Interest)** – Total number of outstanding (active) option contracts.
* **CHG OI (Change in OI)** – Increase/decrease in open interest compared to previous day.
* **VOLUME** – Number of contracts traded during the day
* **LTP (Last Traded Price)** – Price at which the option was last traded.
* **ATP (Average Traded Price)** – Average price of all trades executed during the day.
* **PREV CLOSE** – Closing price from the previous trading session.
* **CHG (Change)** – Difference between current price and previous close.
* **HIGH** – Highest traded price during the day.
* **LOW** – Lowest traded price during the day.
* **BID QTY** – Number of contracts buyers are willing to buy at bid price.
* **ASK QTY** – Number of contracts sellers are willing to sell at ask price.
* **MID** – Midpoint of bid and ask price (=(Bid + Ask)/2).
* **SPREAD** – Difference between ask price and bid price.
* **IV% (Implied Volatility)** – Expected volatility of the underlying asset.
* **DELTA** – Change in option price for ₹1 change in underlying price.
* **THETA** – Time decay (loss in option value per day).
* **GAMMA** – Rate of change of delta (measures sensitivity).
* **VEGA** – Impact of volatility change on option price.
* **EXT VALUE (Extrinsic Value)** – Time + volatility value (premium above intrinsic value).
* **INT VALUE (Intrinsic Value)** – Real value = (Spot Price − Strike Price for calls).
* **MONEYNESS %** – How far option is ITM/OTM relative to strike price.
* **PROB ITM%** – Probability of option expiring In-The-Money.
* **PROB OTM%** – Probability of option expiring Out-Of-The-Money.

</details>

### How to take a position on the trade page?

<figure><img src="/files/B88bzokvZwEoZQmCSFwO" alt=""><figcaption></figcaption></figure>

* **Log in** to the platform and navigate to the **Trade** section.
* Locate the **Search & Add bar** and click on it.
* The **Add Instrument** window will open.
* Search for the required **instrument or contract**.
* Click the **“+ Add”** button next to your preferred instrument.
* The available **contracts** for the selected instrument will be displayed.
* Select the **desired contract**.
* The **Option Chain screen** will appear.
* Click on your preferred **Bid/Ask price** in the **Call/Put section**.
* An **order leg** will be created automatically.
* Below the Option Chain, you will see the **order details panel**.
  * Click on each field to **modify details** such as quantity, price, etc.
* Once all changes are made, click **‘Review & Send.'**
* On the **confirmation screen**, click **‘Confirm’** to place your order.

### How to take a position using the strategy menu?

The Strategy Menu allows users to quickly place trades using predefined option strategies.

<figure><img src="/files/pkcpniUpdZjwRDA83zAG" alt=""><figcaption></figcaption></figure>

* Navigate to the **Trade** page.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* The available contracts for that instrument will be listed.
* Click on the desired contract to open the **Options Chain** screen.&#x20;
* Next, find and open the **Strategy Menu**.
* Select a strategy from the available list.
* Choose the required position and option type:
  * **Long** or **Short**
  * **Call** or **Put**
* Click the **Go** button.

Once you click **Go**:

* The **strategy order window** for the selected strategy is loaded automatically.
* Review the pre‑filled order details.
* You can:
  * **Execute the order directly**, or
  * **Edit the order parameters** (such as quantity or price) from the order window and then execute the order.

### How to view your positions in the Trade page ?

To view all positions taken via Flip:

<figure><img src="/files/hNy3N2BrJ2BEJPlHI7hw" alt=""><figcaption></figcaption></figure>

* Go to the **Trade** page
* Hover over the left menu
* Click on the **Positions** tab
* Your positions will be displayed here

#### How to Group/Ungroup Derivative Positions?

To group or ungroup positions:

* Go to the **Trade** page
* Hover over the left menu
* Click on the **Positions** tab
* Click the **Group** button at the top-right corner
* A pop-up window 'Create New Group' appears.&#x20;
* Enter a custom name.
* Click 'Create'.&#x20;

<figure><img src="/files/vb0CYkKn82GaqEgaVZ98" alt=""><figcaption></figcaption></figure>

* All your derivative positions will be listed under 'Unallocated Positions'.&#x20;
* Now Identify the position you want to allocate to the group you created.&#x20;
* Right-click on the selected position.

<figure><img src="/files/xvqMici1K7qZ3hRHsUME" alt=""><figcaption></figcaption></figure>

* A menu will appear with options:
  * Create Order
  * Move to Group
  * Strategy Payoff
  * Create New Group
* Hover over 'Move to Group'.

<figure><img src="/files/mD4WICPx4yNN661gRPcd" alt=""><figcaption></figcaption></figure>

* Choose one of the following:
  * **Full Qty** → Moves entire position
  * **Partial Qty** → Moves only selected lots
* If you have selected 'Partial Quantity', **Partial Allocation popup** will appear.

<figure><img src="/files/qm4hs7I4Ac6XOwxBTZOM" alt=""><figcaption></figcaption></figure>

* Enter:
  * **Number of Lots**&#x20;
  * System will auto-fill **Total Quantity**
  * Verify entered values.
* Click **Allocate** to proceed.
* Click **Cancel** to discard changes.
* Selected lots will be moved to the chosen group.
* Remaining lots (if any) stay in **Unallocated F\&O Position.**

<figure><img src="/files/HweOKYb2MYqvdu0ppLP0" alt=""><figcaption></figcaption></figure>

### How to view the Payoff page?

The **Payoff page** helps you visually understand how your strategy will perform across different price levels of the underlying asset.

<figure><img src="/files/ulXGBCdInGy5yvvxEnu6" alt=""><figcaption></figcaption></figure>

* **Select all the order legs** for your strategy on the Trade page.
* Once the legs are selected, look **just above the “Review & Send” button**.
* You will see the **Payoff** button.
* **Click on the Payoff button**.
* You will be **navigated to the Payoff page.**

### Buttons & Controls Above the Payoff Graph

These controls help you **customize how the payoff chart is displayed and interpreted** before placing the order.

<figure><img src="/files/2DM2aAQvhmqp240Bn8bw" alt=""><figcaption></figcaption></figure>

* Current Date: Shows **today’s date**. Used as the **starting point** for P\&L calculation.
* Lines: Lets you choose how many payoff lines to display.
* Price Range (%): Controls how wide the X‑axis (price range) is.
* IV Adjustment (%): Simulates a change in **Implied Volatility**.
  * Positive value → Higher IV
  * Negative value → Lower IV
* Probability: Displays standard deviation confidence bands.
* Payoff Date: Date for payoff calculation.
* OI Toggle: Turns Open Interest bars ON / OFF. Helps identify support and resistance zones visually.

#### Payoff Graph&#x20;

<figure><img src="/files/0TqYzKD9dMovIb2LJppm" alt=""><figcaption></figcaption></figure>

* The **horizontal (X‑axis)** shows the **price range** considered for the strategy.
* The **vertical (Y‑axis)** represents **Profit & Loss (P\&L)**.
* The **yellow payoff line** indicates how your combined strategy will profit or lose at different NIFTY prices on the selected payoff date.
* Areas **above zero** represent **profit**, and areas **below zero** represent **loss**.
* The dashed <mark style="color:$warning;">**vertical yellow line**</mark> represents the current NIFTY spot price.
* This helps you see where the market is currently trading relative to your strategy’s profit and loss zones.
* The vertical markers labeled **SD1, SD2, −SD1, −SD2** show **expected price ranges based on volatility**.
* These indicate probability zones where the price is statistically likely to remain until expiry.
* The **green and red bars** at the bottom represent **Open Interest distribution**.
* Green bars indicate stronger **call OI**; red bars indicate stronger **put OI**.
* This helps assess **market positioning and support/resistance zones**.
* Under the graph, you will find key metrics:

  * **Delta** – Net directional exposure of the strategy
  * **Theta** – Time decay benefit
  * **BEP (Break‑Even Points)**—Price levels where profit turns into loss
  * **Max Profit**—Maximum achievable profit if the strategy works as expected
  * **Max Loss** – Worst‑case loss scenario
  * **Margin Effect** – Margin requirement impact for the strategy

  These values update **in real time** as you modify strikes or quantities.

#### How to View Payoff for Different Dates?

<figure><img src="/files/tckyZIdBA0QRb3yJMnRv" alt=""><figcaption></figcaption></figure>

* By default, the payoff chart displays **two lines**:
  * **Today’s date**
  * **Expiry date**
* To view the payoff for a **specific date between today and expiry**:
  * Click on **Lines**.
  * Select the desired **date from the calendar**.
  * Click on the **Payoff Line arrow**.
  * The selected date’s payoff line will be added to the chart for comparison.

### How to Place a Multi‑Leg Order on the Trade Page?

<figure><img src="/files/BMYyzlfkjKmVxHmtfkmj" alt=""><figcaption></figcaption></figure>

* Log in to the platform and open the **Trade** section.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* **Select a contract:**
  * Available contracts for the selected instrument will be displayed.
  * Click on the desired contract to open the **Options Chain** screen.
* **Build the multi‑leg order**
  * Click on the **Bid** price to activate a **Sell** order window.
  * Click on "**Ask price**" to activate a **Buy** order window.
  * Repeat this process to add additional legs as needed.
  * ✅ You can add **up to 4 legs** in a single multi‑leg order.
* **Review and submit**
  * Once all legs are added, click **Review and Send**.
  * Verify order details and click **Confirm**.
* **Order execution**
  * Your multi‑leg order will be sent to the exchange upon confirmation.

### How to place a calendar order?

* Log in to the platform and open the **Trade** section.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* Available contracts for the selected instrument will be displayed.
* The user can open Option chain of two different expiries in the same window and place **Calendar Orders**.&#x20;

### How to set the number of visible strikes?

<figure><img src="/files/N3tE7GXoKk3udp3NfWXI" alt=""><figcaption></figcaption></figure>

* Log in to the platform and open the **Trade** section.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* Available contracts for the selected instrument will be displayed.
* Click on the required contract.&#x20;
* You can see the default number of strikes set as 16.&#x20;
* Click on the drop-down arrow given adjacent to the strike number.&#x20;
* Choose the preferred number of strikes.&#x20;

### How to Change the Order Quantity?

<figure><img src="/files/BrfxpvEswgvR0vjIlTV7" alt=""><figcaption></figcaption></figure>

* Go to the **Option Chain** screen.
* Select the desired **leg** (Buy/Sell).
* On the **left side**, you will see the **order quantity** displayed.
* Use the:
  * 🔼 **Up arrow** to increase the quantity
  * 🔽 **Down arrow** to decrease the quantity

This allows you to quickly adjust the number of lots before placing your order.

### How to open charts on the Trade page?

<figure><img src="/files/zqDsaj70uMm8xkOk4heR" alt=""><figcaption></figcaption></figure>

* Navigate to the **Trade** page.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* The available contracts for that instrument will be listed.
* Hover towards the left side of the options screen, and you will find multiple options that help you analyze and manage your trades efficiently.
* From that, click on **'Charts.'**

### OI (Open Interest)

**OI (Open Interest)** represents the **total number of outstanding option contracts** at each strike price.

* Navigate to the **Trade** page.
* Locate the **Search and Add** bar and click on it.
* The **Add Instrument** window will open.
* Search for the required instrument or contract.
* Click the **“+ Add”** button next to the preferred instrument.
* The available contracts for that instrument will be listed.
* Hover towards the left side of the options screen, and you will find multiple options that help you analyze and manage your trades efficiently.
* From that, click on **'OI.'**&#x20;

<figure><img src="/files/GJYvFr2pmVOh5VpyfVlp" alt=""><figcaption></figcaption></figure>

#### How is OI shown?

* OI appears as **bars across strike prices**
* You will see:
  * <mark style="color:green;">**Green bars**</mark> → Higher Open Interest on one side
  * <mark style="color:red;">**Red bars**</mark> → Higher Open Interest on the other side
* A separate **axis (usually on the right)** shows OI values (volume of contracts)

#### What does OI tell the user?

* Shows **where traders have taken positions.**
* Helps identify key levels:
  * **High Call OI** → Possible **Resistance**
  * **High Put OI** → Possible **Support**

At the top of the OI section, you will find these tabs:

* **Option OI** → strike-wise OI
* **Multi-Strike OI Chart** → OI trends across multiple strikes
* **Futures OI** → OI data for futures
* **Futures OI Chart** → Graphical futures OI view

#### Option OI

On the **Option OI screen**, users can perform the following actions:

Change Expiry

<figure><img src="/files/gOHQBGwrJY38Pp7WpSkw" alt=""><figcaption></figcaption></figure>

* Click on the **Expiry dropdown** (top right)
* Select a different expiry date (e.g., 19/05/2026, 26/05/2026, etc.)

👉 The chart updates to show OI for the selected expiry

Switch Between OI Types

<figure><img src="/files/4fwOpjDAm5MiapqUIp9Z" alt=""><figcaption></figcaption></figure>

* Click on:
  * **Total OI** → View total open positions
  * **Change in OI** → View increase/decrease in positions

👉 Allows comparison between total buildup and daily changes

Analyze Call vs Put OI

* Compare:
  * 🟢 Call OI (green bars)
  * 🔴 Put OI (red bars)

👉 Identify which side has higher positions at each strike

View Spot Price Position

<figure><img src="/files/KJHXtqeLqJaKfmFXPWLp" alt=""><figcaption></figcaption></figure>

* Use the **dotted line** to see current market price

👉 Helps understand where the price lies relative to OI buildup

Monitor PCR (Put-Call Ratio)

<figure><img src="/files/SGlm7xmX53zwKTaTTo4q" alt=""><figcaption></figcaption></figure>

* View **PCR value** displayed on the screen

👉 Helps assess overall market positioning

Observe OI Levels

<figure><img src="/files/rvMHGkFflBgdVHtazhjl" alt=""><figcaption></figcaption></figure>

* Move the cursor over bars&#x20;

👉 View exact OI values at each strike&#x20;

#### Multi-Strike OI Chart

**The Multi Strike OI Chart** allows users to track and compare Open Interest movement of selected Call and Put strike prices over time for a chosen expiry. Users can change expiry, select strikes, and analyze either total OI or change in OI to understand position buildup and movement across strikes.

<figure><img src="/files/Url9I31VLkKLPUj70H6V" alt=""><figcaption></figcaption></figure>

Change Expiry

* Click on the **Expiry dropdown** (top right)
* Select the required expiry date

👉 The chart updates based on the selected expiry

Select/Deselect Strike Prices

* Use the **right-side panel** to choose specific strikes under:
* **Call**
* **Put**

👉 Only selected strikes will be displayed on the chart

Total OI View

* Displays the **total outstanding Open Interest** for selected strikes
* Each line represents OI levels for a strike over time

Change in OI View

* Displays the **increase or decrease in Open Interest** during the trading session
* Values move above or below baseline depending on buildup/unwinding

### Futures OI

Futures Intraday Open Interest (OI) is the change in open futures positions during the same trading day, tracked at regular time intervals. It helps you understand who is in control (buyers or sellers).

<figure><img src="/files/sj6Aq6QqxpkKi4drZx6I" alt=""><figcaption></figcaption></figure>

* On the Trade page, choose a contract and go to the Futures OI tab.&#x20;
* Here you can see how Open Interest (OI) pertaining to that contract changes during the day.
* You can choose the expiry date, select a date and set the time interval of your preference.&#x20;
* It helps traders understand **market sentiment (bullish or bearish)** using:
  * Price movement (Future price)
  * OI change
  * Volume
  * VWAP positioning
* The platform already simplifies analysis:
  * **Long Buildup (Green)** → Bullish signal
  * **Short Buildup (Red)** → Bearish signal
* Check VWAP Position
  * **Below VWAP** → Weak → sellers active
  * **Above VWAP** → Strength → buyers active
* Spot Trend Continuation vs Reversal
  * Consecutive **long buildup rows** → sustained uptrend
  * Consecutive **short buildup rows** → sustained downtrend
  * Mixed signals → sideways or reversal zone
* Use Volume confirmation
  * High volume + OI change = **strong move**
  * Low volume + OI change = **weak/false signal**

### Strategy Finder

This feature helps you find a suitable strategy for F\&O trading based on the selected contract and the parameters you configure.

<figure><img src="/files/Oh3U4ccZ0S9lI4riOsTZ" alt=""><figcaption></figcaption></figure>

* Go to the **Trade** page.
* Select a **contract** from the search bar or watchlist.
* Hover over the **left-side menu**.
* Click on the **Strategy** button <i class="fa-lightbulb">:lightbulb:</i>.
* You will be redirected to the **Strategy Finder** screen.
* Here, you can define your trading preferences.
* Choose your outlook:
  * **Bullish**
  * **Bearish**
  * **Neutral**
* Select a **Target Date (expiry)**.
* Enter:
  * **Lower price range**
  * **Upper price range**
* Click on the **Filters** tab to refine search further.
* Set the following:
  * **Reward Type** → Unlimited / Limited / Both
  * **Risk Type** → Unlimited / Limited / Both
  * **Premium Type** → Receive/Pay or Pay/Receive
* Click on **Find Strategy**.
* Strategies matching your criteria will be displayed.
* Each strategy card will show:
  * Ranking
  * Strategy Name
  * Expiry Date
  * Max Profit
  * Max Loss
  * Margin Required
  * POP (Probability of Profit)
  * BEP (Break-Even Points)
  * Max ROC (Return on Capital)

Switch between **Grid view** or **List view** as preferred.

* Click on any **strategy card** to view detailed information.
* You will see:
  * Complete **order summary**
  * **Projected payoff chart** on the right
* Click on the **Trade** button.
* An **order window** will appear at the bottom.
* Click **Review & Send**.
* An **Order Confirmation** pop-up will appear.
* Click **Confirm** to send the order to the exchange.

<mark style="color:orange;">Strategy Finder simplifies F\&O trading by:</mark>

* <mark style="color:orange;">Matching strategies to your</mark> <mark style="color:orange;"></mark><mark style="color:orange;">**market view & risk appetite**</mark>
* <mark style="color:orange;">Showing</mark> <mark style="color:orange;"></mark><mark style="color:orange;">**profit/loss potential before placing trade**</mark>
* <mark style="color:orange;">Helping make</mark> <mark style="color:orange;"></mark><mark style="color:orange;">**data-driven decisions**</mark>


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