Would appreciate advice from those members experienced in options (Wayne, Sir Osis etc)
Suppose i had X amount of cash that i was waiting for a stock to fall to a certain price (Y). According to my reading i could in theory sell a put on that stock and if it gets to price Y i have to buy X dollars worth, if it doesn't i make a premium on it. Since i already have the cash and am waiting for a price anyway, i might as well make a premium on it right?
1. Is the above correct
2. Where do i get a list of Aus stocks that currently have options written over them?
3. What broker is the best for a small time trader like myself to trade options?
4. What else should i be aware of?