Long term ATM calls ASX

andybear421 said:

Hello All!

I have only been reading up on investing and finance over the past couple of years and have built up a small dividend portfolio.
While that is going fine I have developed an interest in LEAPs. However, across my research it seems options in the ASX is not encouraged (unlike in the US markets).
So my questions are:
1) are LEAPs an appropriate strategy and utilising leverage?
2) if THey aren't, why not and what other options do i have?

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tech/a said:

There are many ways of trading options.
Its a trading methodology all of its own.
Don't trade them myself.
For leverage I use Index Futures.
Lot simpler.

But an experienced Options Trader has all sorts
of Strategies that they can apply in a great number
of financial situations.

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Gunnerguy said:

Andy
You’ll find lots of comments on ASX options on the forum and there is a bit of a feeling that it’s not worthwhile due to the spreads.
I decided anyway to try to get some additional ‘profits’ from trading and started in June. There are some in the forum who trade literally hundreds of option trades a year. I have started small but growing in confidence.
Not an expert by ANY MEANS, but lots of reading, analysis and education. Only 37 (small ) trades so far but I am still in the green. Generally hedging against my investment portfolio holdings.
Gunnerguy.

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andybear421 said:

Ok cool so that gives me a some confidence!
What sort of calls are you buying? if you're buying calls at all.

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