Not sure about share options but the ASX200/SPI options through SFE are very illiquid and the spreads are often huge. I don't mind as I just use them sparingly for insurance. I could trade the ASX ones as they are not only more liquid but also trade every month rather quarterly, but I don't out of habit.
As for CFDs I don't use the exchange traded (aka ASX listed) ones so I don't know. I use the market maker (aka over the counter) ones like CMC and IGMarkets, and then only when experimenting. The spreads are reasonable during the day.
Not sure about share options but the ASX200/SPI options through...
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