No the minimum is set by the ASX, you can buy the equivalent of 1,000 shares via Commsec or 1 option.
I used to buy about $20K of TLS shares then write 7 PUT options (equivalent to 7,000 shares = approx $20K) writing covered options. Did it maybe 3-4 times & made a decent return each time.
I traded index options as well but no where near $50K's worth at a time.
I can't remember what the equivalent of 1 index option was probably $7,500 if the index is at 7,500.
Check out the ASX option page it has all the details on it.
- Forums
- International Markets
- SP500
- BBUS
BBUS, page-14159
-
- There are more pages in this discussion • 317 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP500 (INDEXSP) to my watchlist
(20min delay)
|
|||||
Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
2,958.8 | 0.00 | 0.00 |