July 17, 2010

Im looking at OPTIONS trading on the ASX… Can anyone give me some tips, free sofware, sites, hints etc?

By Planet Wealth

Im thinking about OPTIONS trading on the ASX. I have been researching this toping for a few weeks, and dont plot on rushing into things. Can anyone give me some tips, free sofware/realtime data, sites, hints etc? any info to get the brain ticking would be appreciated?
cheers :)

Topics: stock market | 1 Comment »

One Response to “Im looking at OPTIONS trading on the ASX… Can anyone give me some tips, free sofware, sites, hints etc?”

  1. zman492 Says:
    July 17th, 2010 at 12:49 pm

    I do not trade on the ASX and do not know of any educational sites designed specifically for the ASX. I do, but, know some brilliant sites for the U.S. markets where you should be able to learn basic concepts. The two I recommend are

    http://www.cboe.com/LearnCenter/default.aspx

    and

    http://www.optionseducation.org/

    To the best of my knowledge with two exceptions, everything on those sites should apply to ASX options as well. The exceptions are:

    (1) U.S. equity options expire on the Saturday following the third Friday of the month. ASX options expire on the last Thursday of the month.

    (2) The underlying for U.S. equity options is 100 shares. For ASX options the underlying is 1,000 shares.

    There will also nearly certainly be differences in what is required to be authorized to trade options as well as the margin requirements involved. You probably should contact an you brokerage to get details on those issues.

    Finally, I will recommend one book, "Option Volatility & Pricing" by Sheldon Natenberg. This book addresses options in general, not options for a specific market.

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