So I'm used to trading options overseas ... in the US and Europe.
Just seeing some opportunities here in Oz ... but then I realize that 1 contract is for 1000. Why don't they set it at 100? like in the US? You'll never get a market going.
oh and btw ... i tend to write, so margin requirements will be huge for Oz options ... e.g. RIO underlying at $60!!!
Is there a reason for such large contract sizes? Or does anyone else think it's illogical too?
Thanks in advance.