Forum Archive Index - September 2003
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Re: [sharechat] Options
Woody,
The SPI would be the ASX SPI 200, ?, Why would yoy trade a option as opposed to a future on the SPI ?, and I understand that with the upgrading of the mini contract SPI 50 ASX this will lend a true international flavour to this future market.Has this happened yet.
I might just mention to all who dont know, Shares magazine (aussie) is very good and has a lot of education effective to all markets, it is avilable in most bookstores of any substance and has a section on investment leverage called "Leverage" believe it or not.
Do you trade shares at all ?.
Regards
Morgy
>From: fntradingsolutions
>Reply-To: sharechat@sharechat.co.nz
>To: Sharechat@sharechat.co.nz
>Subject: [sharechat] Options
>Date: Wed, 24 Sep 2003 08:25:59 +1000
>
>I have found Options on the ASX to be rather illiquid. The only profitable way to trade them is daytrade, pick one or two
>and buy a put or call on breakouts. I trade Options on the SPI which are very liquid and very profitable. I also trade gold, silver and soybeans on the US markets.
>Delta: - is the value of the option in ( percentages ) to the underlying ( Futures Contract )
>Gamma: - is the change in the Delta as the Futures contract moves.
>Theta: - is the decline of the Option premium in one day if the Futures does not move
>Vega: - reflects the option price to changes in Implied Volatility.
>
>Buy a good book on options ( Louise Bedford - www.tradingsecrets.com.au )
>Open an online account ( http://www.sanford.com.au )
>Put a couple of grand in and Trade . Most likely the cheapest Options course you will ever do and usually the best.
>
>Regards Woody
>
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