Austock Options trading

 

Austock offers both a full service and a non advisory options trading service for retail and institutional clients. We have a dedicated team of ASX accredited advisors and dealers who specialize in options trading. Your order will be placed directly into the market and executed while you are on the phone. Calls are made direct to our options desk via our 1300 881 501 options line.

 

Austock Rates

 

Austock offers competitive rates, including a rate for frequent traders.  While all orders are placed over the phone, you will find our rates competitive with internet offerings. We specialise in trading for frequent traders so please give us a call to negotiate a rate on1300 881 501.

 

What are options?

 

An Option is a contract between two parties giving the buyer the right, but not the obligation, to buy or sell a parcel of shares at a set price, on or before a predetermined date.

 

Options can be bought or sold on the underlying shares or the Index. You will generally find Exchange traded options for the ASX top 100 stocks as well as the ASX 200 index.  There are two types of options traded on the ASX exchange traded option platform. Call options and Put options.

 

Call Options give the Buyer the right but not the obligation to buy the underlying shares, and Put Options give the buyer the right to sell the underlying shares.  At the commencement of the transaction the buyer of the option pays the seller a premium, which is the cost of the option.

 

It should be noted that the buyer of the option is not obligated to exercise the option. The buyer can sell the option before it expires, or alternatively let the contract lapse at expiry, but will forgo the option premium.

Options expire each month on the last Thursday of the month with a Friday following.

 

Why invest in options?

 

Investors choose to invest in options for a number of reasons, including:

·         Building a leveraged exposure to an underlying share

·         Protecting (hedging) the value of an existing share portfolio from falling prices

·         Stock Repair

·         Speculation

·         Earn Income

Please give us a call to discuss strategies to suit your investment needs on 1300 881 501.

 

Want to learn more about Options?

To learn more about Options, we suggest you read the attached ASX Understanding Options Trading.

 

Options Education Centre

 

Applications and Forms

Derivative Account Opening Form

Derivative Collateral Cover

Equities Account Opening Form

Sponsorship Agreement

How to complete application

Direct Debit Form

Request for change in sponsoring broker

Financial Services Guide