These two tools answer different questions, and a surprising number of traders end up using one of each. Sensibull is best known for options analytics — understanding a position, visualising payoffs, reading the chain. Arthalab is built to automate the execution of multi-leg index option strategies day after day.
Written by Arthalab. The useful conclusion is that these tools answer different questions, and that execution is the half most traders underestimate.
The core difference
| Arthalab | Sensibull | |
|---|---|---|
| Primary purpose | Automated execution of rule-based strategies | Options analytics and decision support |
| The question it answers | How do I run this every day without me? | What am I looking at, and what would this trade do? |
| Typical session | Set up once, then a short daily routine | Open it when deciding, close it after |
| Markets | NIFTY and SENSEX index options | Broad options coverage |
| Backtesting | 10 runs a day, included | Varies by plan |
| Static IP for live trading | Included in the plan | Depends on your arrangement |
What an analytics tool is for
Analytics tools exist because an options position is harder to hold in your head than a stock position. A four-leg structure has a payoff curve, net Greeks, breakevens and a margin requirement, and none of those are obvious from the four quotes you are looking at.
What they do well
The questions these tools answer well:
- What does this structure actually pay? A payoff chart makes the shape visible immediately.
- What am I exposed to? Net delta, gamma, theta and vega across the position.
- Where are my breakevens? Computed rather than estimated.
- What does the chain look like right now? OI, volume, IV and spread, read together.
Those are decision-support questions. They help you choose a trade; they do not place it tomorrow morning when you are busy. The Greeks guide covers what these readings mean.
What an execution platform is for
Execution is the other half, and it is the half that has to work every day rather than once.
What it handles
The questions an execution platform answers:
- How does this run without me watching? Rules defined once, executed identically each day.
- What happens when a leg is rejected? A configurable square-off rule rather than an unattended partial position.
- How do I know what it did? Execution logs recording each decision, not just completed trades.
- How do I stop it? A per-bot stop and a platform-level kill switch.
- Did this ever work? Backtesting against historical data before any of it goes live.
An analytics tool showing you a beautiful payoff chart does not answer any of those. That is not a criticism; it is simply a different product.
Arthalab does include analytics
For completeness: Arthalab has an Options Analysis screen showing the option chain alongside payoff and greeks modelling, and it supports executing multi-leg structures from there.
It covers what an options trader needs before placing a structure: the chain, the payoff, the net greeks and the breakevens, in one place and connected to execution. A dedicated analytics tool offers more scenario modelling; Arthalab offers enough to decide and then the ability to act on the decision.
When you need both
The combination that works for a lot of traders: an analytics tool for research and decision-making, and an execution platform for the strategies you have decided to run systematically.
They occupy different parts of the week. Analytics gets used when you are forming a view or examining an unusual structure. Execution runs in the background on the strategies you already settled on.
Do they conflict?
There is no conflict in running both. They touch your broker account differently — an execution platform places orders, an analytics tool mostly reads — and nothing about one prevents the other.
When a dedicated analytics tool may suit you
- You trade discretionarily and want help understanding structures before placing them manually.
- Your positions vary constantly rather than following a repeatable rule.
- You want depth on the chain — IV surfaces, detailed Greeks, scenario modelling.
- You trade a broad range of underlyings rather than two indices.
Why traders choose Arthalab
- Your strategy is repeatable. Same structure, same rules, most days.
- You want it to run without you. Automation is the entire point.
- You trade NIFTY or SENSEX index options.
- You want the static IP handled rather than sourced separately.
- You want backtesting and paper trading in the same place as execution.
A practical way to decide
1
Describe what you did last week
If your trades followed a repeatable rule, automation helps. If each was a separate judgement, analytics helps more.
2
Count how often you place the same structure
Three times a week is a strong signal that it should be automated rather than repeated by hand.
3
Ask what goes wrong today
Missing an entry because you were busy is an execution problem. Choosing badly is a decision problem.
4
Trial the one matching that answer
Arthalab's 3-day trial gives full access, including backtesting and paper trading.
Step three is the clarifying one. People often buy the tool for the problem they find more interesting rather than the one actually costing them money.
The short version
- Analytics tools help you decide; execution platforms run what you decided
- A payoff chart does not place tomorrow's order, and a bot does not form a view
- Arthalab includes analytics but leads with automation
- Running both is normal and does not conflict
- Two execution systems on one broker account is the configuration to avoid
If automation is what you need, the strategy builder guide covers what can be expressed. If you are still deciding what to run, paper trading costs nothing to try.
Frequently asked questions
Only partially. Sensibull is best known for options analytics and decision support; Arthalab is built for automating the execution of rule-based index option strategies. Many traders use one of each.
Yes, on the Options Analysis screen, alongside the option chain. It is genuinely useful but it is not the main product — a dedicated analytics tool will go further in that direction.
Yes. They touch your broker account differently and do not conflict. What to avoid is two systems both placing orders into the same account without knowledge of each other.
Whichever addresses the problem actually costing you money. Missing entries because you were busy is an execution problem; choosing badly is a decision problem.
Some can, to varying degrees. The distinction that matters is whether it runs a strategy unattended every day, which is what an execution platform is built for.
Analytics tools generally cover a broader range of underlyings. Arthalab supports NIFTY and SENSEX index options only.
Each vendor's own pricing page. Prices and plan limits change, and any third-party comparison table including this one dates quickly on specifics.
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