We’ve all experienced the impact of delta on our option trades! At times its in our favor while scalping or waiting for theta decay, and sometimes totally against us.
We try to select the best strike on the option chain by checking the delta, but it lacks the insight on how it has previously moved. We then jump on gamma to gain insight the change in delta. But at most times, all we really need is a quick glimpse on how the strike premiums are moving based on the underlying!
On Upstox TV, we’ve now made this possible!
Introducing Underlying Chart view! 
See the impact and visualize the delta with the underlying scrip data on your derivative chart!
You can enable the “View Underlying” icon on the top panel next to Alerts. This will quickly add a line graph of the underlying scrip on all the applicable charts in the layout!
This is available on all Futures & Options contracts across NSE, BSE & MCX!
You can change the line graph to any candle style like bars, candles, hollow candles, etc. from settings!
You can adjust the scale from the left to suit any viewing position!
A quick walkthrough here:
Let us know how this helps your trading experience!
3 Likes
This will make chart to congested and confused. Chart should be as clean as it can be. But might be helpful for other. I used to trade with two chart side by side one is for option and another is for index.
Hi @Jagdish_j_ptl
Yep, we totally understand that clean charts are all that matter!
Hence, we added this as a switch. A single click to “on” & “off” as and when needed.
Thanks for this update. But I am more interested on SL and Target together with auto trailing SL in Upstox TV while placing buy or sell order like chart360 in mobile app.
And also try to fix bug of price band getting hidden when we drag trigger price to more than 10% of limit price. If gap between trigger price and limit price is increased more than 10% then it gets hidden and we need to refresh page to get it back. This is wasting too much time and we could not get enough profit. Mostly trade closes on loss. Suggestion: limit price should auto trailed with respect to change in trigger price. I.e. trigger price is 100 and limit price is 95 and now if I drag trigger price to 150 then limit price should be auto trailed to 145.
Hi @Jagdish_j_ptl
Can we connect over this? I tried to understand this but couldn’t follow on your POV. Let me know a good time over DM to connect and solve for this!
Hi @MohitGolecha
I’ve shared you my contact details. Let’s connect to discuss the bugs that I’ve found while trading.
How to understand this view underlying ?
is there any video or document related to it?
Hi @DEMA_6573419
While we’re working on the video, let me help you with a quick walkthrough.
On derivative charts, for example, a futures contract or a strike price chart, visibility onto the underlying is helpful while analyzing the beta/delta respectively and important while taking a trade.
While discretionary traders & chartists use & analyze delta for the same, most times what we really need is an estimated glimpse of the underlying asset’s price action. This is what “View Underlying” does!
It’s a on/off switch that automatically plots a line chart of the underlying asset on the derivative chart that you’re on. It comes with its own price scale on the left that you can move around, and also allows different type of candles like bars, hollow, etc.
Hope this is helpful! Let us know!
I am still waiting for your call.