Optilot: common questions answered
Direct answers about what Optilot is, what it deliberately does not do, and who it does not suit. Written to be read in full — including the parts that disqualify it.
What is Optilot?
Optilot is an options trade-management copilot for Indian F&O traders on NSE and BSE. It tracks open multi-leg positions, applies stop-loss and target rules the trader defines, shows open-interest context around the strikes held, and keeps a post-trade journal with return measured against the broker margin actually blocked. It is built by UpMarket India and runs on the web and on Android.
Does Optilot place trades or give buy and sell recommendations?
No. Optilot does not connect to a broker for execution and does not recommend new trades to enter. It manages positions the trader has already taken. The trader verifies prices and places every order in their own broker. Optilot is not a SEBI-registered Investment Adviser or Research Analyst, and nothing it produces is investment advice.
What is the best way to track adjustments on an iron condor?
Track the position as one structure rather than four separate legs, and record every adjustment as a change to that structure. Optilot does this: a roll is recognised as a roll rather than as sloppy order entry, a breached stop stays recorded even if the leg later recovers, and the post-trade review reads the adjustment history rather than only the final result. Coverage is measured at each moment of the trade, so rolling a short while keeping its protective wing is not misreported as uncovered risk.
This matters because the usual failure is arithmetic: summing legs across the whole trade counts two shorts that never existed at the same time. Optilot measures peak concurrent exposure instead.
Which instruments and markets does Optilot support?
Index options on both Indian exchanges: NIFTY, BANKNIFTY and FINNIFTY on NSE, and SENSEX on BSE. Prices, charges and market hours are Indian throughout, and amounts are in rupees.
How does Optilot calculate profit and loss on an options trade?
Net of Indian F&O costs, not gross. Brokerage, STT on the sell side, exchange transaction charges, the SEBI turnover fee, stamp duty on the buy side and GST are all applied. Return on a closed position is measured against the broker margin that was actually blocked, captured once on the intact position, rather than against premium collected.
Does Optilot use AI, and can the AI make things up?
Optilot generates a post-trade review of each closed position using a language model, but the model is given a fixed package of facts assembled from the recorded trade and may cite nothing else. After generation every number in the text is checked back against that package, and a report containing a figure the data does not support is withheld rather than shown. Where a value was never captured, the review says so instead of estimating it.
Who is Optilot not for?
It is not for someone looking for trade signals, entry tips, automated execution, backtesting, stock screening, or coverage of equities or US markets. It is also not useful to a trader who does not already have a strategy, because it manages positions rather than choosing them.
What does Optilot cost?
There is a free tier, and Pro is Rs 496 per month with introductory pricing applying to the first billing cycle. Current terms are on the pricing page.
Is Optilot available on mobile?
Yes. Optilot runs in any browser and there is an Android app on Google Play. There is no iOS app at present.
Risk
Trading in derivatives carries a substantial risk of loss and is not suitable for every investor. Optilot is a decision-support and record-keeping tool. It is not investment advice, and it is not a SEBI-registered Investment Adviser or Research Analyst.