How to Use the ‘Strategy’ Watchlist in Firstock?
The Strategy Watchlist in Firstock is designed for traders who actively use options strategies. It combines ready-made strategies with the flexibility to build your own, making it a powerful tool for both beginners and advanced traders.
🔹 What’s Inside the Strategy Watchlist?
- Predefined Strategies
- Includes 12 ready-made trading strategies such as spreads, straddles, strangles, butterflies, and more.
- Useful for quickly executing popular option structures without manual leg selection.
- Create Your Own Strategy
- Traders can design custom multi-leg strategies based on their market outlook.
- By selecting ‘Create Strategy’, the option chain of the chosen index opens up, allowing you to:
- Add multiple option legs (Calls and Puts).
- Define strike prices, expiries, and quantities.
- Place the complete strategy as a single order.