All Ords stock?

[Jayden]

Hi all,

Newbie question alert!

I'm interested in buying a stock that represents the general movement of the entire ASX. Is there such a thing?

So for example, if I'm tipping that the All Ords will increase a certain percentage over the next month - is there a stock I can buy that is a pretty close match?

Hopefully there is, and I'm looking to by options, not shares.

I see there is an "ASX" stock, but it appears that this is not really related to the overall movement of the entire aussie stock market... its just the actual ASX company.

Thanks!
Jayden

 

[moXJO]

Re: All Ords stock

XJO for options

 

[cutz]

Re: All Ords stock

I'm interested in buying a stock that represents the general movement of the entire ASX. Is there such a thing?

Hopefully there is, and I'm looking to by options, not shares.

Hi Jayden,

Are you looking at a stocks or options ?. STW ( ASX200 Exchange traded fund) follows the ASX200 , XJO are the ASX200 index options.

I note your a newbie but are looking at options, just be careful but i guess if you're buying only you can't do too much damage, check out the options threads for additional info.

 

[Jayden]

Re: All Ords stock

XJO for options

Great - thanks. Just read this is the S&P/ASX 200 index. That's perfect

 

[Jayden]

Re: All Ords stock

Are you looking at a stocks or options ?. STW ( ASX200 Exchange traded fund) follows the ASX200 , XJO are the ASX200 index options.

Thanks for the reply cutz. So it seems that XJO is the way to go for options.

I've had a bit of a break from trading. Used to trade options a few years back for a hobby, but now getting back in to it...

 

[moXJO]

Re: All Ords stock

I note your a newbie but are looking at options, just be careful but i guess if you're buying only you can't do too much damage, check out the options threads for additional info.

Yeah don't go selling them unless you know the full risks.
Who are you trading with?

 

[Jayden]

Re: All Ords stock

Yeah don't go selling them unless you know the full risks.
Who are you trading with?

I was buying, and then selling within a few days... max 1 week. I was with Sanford Securities, but they've since been gobbled up by CommSec, so I guess I'll be with them now, unless you guys can recommend a better company for trading options?

 

[moXJO]

Re: All Ords stock

Yeah don't go selling them unless you know the full risks.
Who are you trading with?

Ooops meant 'sell to open'