Anyone know how to calc fees in buying options?
According to Etrade it is:
AU$0.143 per Equity Option
AU$0.495 per Index Option
But how do I know it is an index or equity option?
Would TTEO or SSNO be equity options?
If I buy 10K worth of TTEO ($10,000 / 0.015 = 666,666 options)
Does it mean I have the fees = 666,666 x 0.143 = $95,333??????
Or would it be calc per 'bundle'?
And the calc for exercising them is:
AU$0.055 multiplied by the number of contracts exercised
i.e. 0.055 x 666,666 = $36,666 ???
And, how do I exercise them?
My want is: to convert options into heads and gain the in the money profit ..
But it seems that my money would be eaten away by the fees ...
Anyone know how to calc fees associated with options? and how to exercise and gain from options?