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Practice Trading Before Risking Real Money

Options paper trading on a live option chain

Index options are unforgiving to learn with real money. Trade Monky gives you the full live option chain for NIFTY, BANKNIFTY and other indices, so you can practise strike selection, premium behaviour, hedging and exits with virtual capital.

  • Free to use
  • Live NSE prices
  • No broker account
  • No KYC
  • Android & web

What the option chain gives you

Every strike for the selected expiry with live call and put premiums, so you can compare in-the-money, at-the-money and out-of-the-money contracts and see how they move with the index. Pick a strike, choose buy or sell, set the lots and place the order at market or limit.

Skills you can build

Premium decay

Hold a bought option across a session and watch time decay work against you. Then write one and see the other side.

Strike selection

Compare how the same move in the index changes premiums at different strikes and expiries.

Multi-leg positions

Build spreads and hedges leg by leg, track them in Positions and group them under a named strategy for analysis.

Exits

Attach a stop-loss and a target to every leg. The platform exits for you when the level is hit and records the reason.

Realism that matters for options

Lot sizes follow NSE contract specifications, margin is blocked on open positions, and short-option positions carry the higher margin they would at a broker. Intraday positions are squared off at the close. The intent is that nothing you learn here has to be unlearned later.

Frequently asked questions

Can I sell (write) options?

Yes. Both buying and writing are supported, with margin blocked accordingly.

Which indices are available?

NIFTY, BANKNIFTY and other indices carried in the live feed, plus stock options where available.

Does the option chain show Greeks?

The chain shows live premiums and market data for each strike. See the app for the current set of columns.

Is options paper trading free?

Yes.

Keep reading

Practice trading before risking real money

Paper trade Indian stocks and options with virtual money. Test strategies, track P&L and build better trading discipline.

Download Trade Monky on Google Play