Australia's largest stock trading and investment forum Australia's #1 stock forum

Options Trading on ASX, page-7

First 7 Last

Share
Profile

Follow
gazpat49

3 Posts.

23/03/18

03:33

Post #: 31966867
Share

Originally posted by traderdownunder ↑

Hi,

I have been options trading for more than 10 years - mostly on the US markets. A few months ago I decided to try the ASX ETOs. I am frustrated with trading options in Australia - bid/ask spreads are awful, liquidity is almost non-existent even on the most 'liquid' of the stocks. As an example, a few days ago tried to enter a NAB bull put spread by selling NAB June 15 $30.64 puts and buying NAB June 15 $29.65 puts when NAB was traded at $31.80. The quotation I got was a credit of $0.15 bid - a debit(!) of $0.005 offer. Seriously, who would enter a credit spread for a debit? Is anyone actually trading successfully using ETOs on the ASX?

Expand

Hi, I have just found what I think you are looking for. Try Saxo Capital Markets which seems to allow trading on USA stocks etc
Upvote

Reply

Top Stories

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 7 Last