Week 2 : Building FnO Analytics Tool 🥳
Update on Custom Basket Orders, Updated Index Tool and More
Equity Derivative Analytics Platform 🤖
Purpose of building this tool is to Trade Cash-Secured Puts and Covered Call Strategies.
With the current market conditions I think that the above strategies would be a great way to generate alpha with my Risk Profile 🤏
Features
Basic Screening for “GOOD” Companies to Trade → will be screened based on sectoral trend, liquidity and some other factors which I will update.
Mean-Reversion Strategy Screen → Stocks which have moved significantly (will update on how I calculate this) away from their Moving Averages.
Stock Universe - Individual Securities Section - 198 Stocks
There are already lots of great softwares for Derivative Analytics out there - Sensibull, Opstra and ICICIDirect.
This one is being built for a very particular use case, to automate the research process for trading above strategies. 🧐
UPDATES: 🤌
On Zerodha Kite Custom Basket Orders
Unable to find proper documentation on the exported JSON data from Kite.
Was told that this functionality was only meant to be used to import the exported JSON files by Zerodha Support. So, will have to figure out the some caveats of the schema.
Sample Basket Order JSON
Have to figure what is some of the name/value pairs represent and the values they can hold like → “weight”, “gtt”, “stockWidget”, “id”. The rest is pretty much fine!
Will be integrating this in the custom Index Creator Tool within next 2 weeks.
On Custom Index Creation Tool
Updated and added some more industries like spirits, shrimps, retail textile etc.
Will be creating a dashboard to easily track all the projects/tools progress easily. 🥳