Hi,
I too am a premium seller - for the last 10 years. Used to trade US before Thinkorswim kicked out its Australian customers in 2012. But I hated trading in the middle of the night.
Now I concentrate on naked OTM strangles on the XJO. I put a trade on every month. I do Iron flys on the...
The Hoadley tools give you access to ASX near-live data through Yahoo.
So does Options Oracle software which is free although you need the fix for the XJO contract.
"Macmillan on Options" by Lawrence McMillan Wiley 2004 is good for US markets provided you already know the basics.
The CBOE education site has excellent basic information on option trading.
This attachment is also a good intro.
Commsec/E-Trade both use 2 times ASX clear margins which is true portfolio margining (don't know about others)
You can still use your share portfolio as collateral (with a 30% haircut)
Money in your account is in your name in a proper bank account (not in some pooled account - see BBY...
- There are many issues with binary options, but the principal question you need to ask is who is the counterparty. Who wins if you lose and loses if you win? With a normal option with ASX or CBOE or other exchange the counterparty is another trader or a market maker, the broker is impartial and...
Re: options trading platform
Hi,
You can use IB and Optionvue 7 (see http://options21.com/trading-software/asx-data-in-optionvue-7/
Good software but not cheap.
But I do not believe IB will let you trade on margin whereas Commsec/E-Trade etc let you use your share portfolio as...
I have 10 years experience trading the ASX and US options markets. Here is my 4d worth.
- ASX option volume and liquidity slowly getting better, the XJO trades well and the big miners and banks so maybe 15 tradeable vehicles where OI sufficient.
- SPAN margin and the ability to use your...
Just started using Options Oracle (free) as an alternative to Hoadley trading ASX equity and index options.
Oracle does not calculate the XJO correctly (it is out by 10x). Anyone heard of a fix?
Anyone using any other software with an ASX feed to trade ASX options?
:banghead:
thanks...
Span margining on ASX is explained on this link http://www.asx.com.au/services/clearing/asx-clear-futures-margining.htm.
See this guide attached as well
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.