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Hi Jay,

Interesting stuff. I had extensive experience with options overseas but not in the domestic Australian market. I think having options excercisable into 1000 stock is crazy, and definitely stifles the Australian market greatly.

If you don't mind me asking - are you writing calls on long stock you fully own, or margin lending to get hold of the underlying and using the same brokerage to be able to short those calls against it?

I do not have extensive domestic share portfolio as I simply do not want to tie up the cash but I wouldn't mind the scenario where I could long CFD's and write calls against those positions. Does it exist? It may well do but I am not aware of it.

Another thing - what kind of strategy do you employ now that equities got belted? I guess we are going to see bounces and while IV is high (and it is a great time to slot that premium) sharp rallies I would think could cost you if they are too close to the ATM.

Thanks for letting us know how your strategy went.

VP

<blockquote data-quote="Vondelpark" data-source="post: 309141" data-attributes="member: 18533">Hi Jay,Interesting stuff.&nbsp; I had extensive experience with options overseas but not in the domestic Australian market.&nbsp; I think having options excercisable into 1000 stock is crazy, and definitely stifles the Australian market greatly. If you don&#039;t mind me asking - are you writing calls on long stock you fully own, or margin lending to get hold of the underlying and using the same brokerage to be able to short those calls against it?I do not have extensive domestic share portfolio as I simply do not want to tie up the cash but I wouldn&#039;t mind the scenario where I could long CFD&#039;s and write calls against those positions.&nbsp; Does it exist?&nbsp; It may well do but I am not aware of it.Another thing - what kind of strategy do you employ now that equities got belted?&nbsp; I guess we are going to see bounces and while IV is high (and it is a great time to slot that premium) sharp rallies I would think could cost you if they are too close to the ATM.&nbsp; Thanks for letting us know how your strategy went.VP</blockquote>

[QUOTE="Vondelpark, post: 309141, member: 18533"] Hi Jay, Interesting stuff. I had extensive experience with options overseas but not in the domestic Australian market. I think having options excercisable into 1000 stock is crazy, and definitely stifles the Australian market greatly. If you don't mind me asking - are you writing calls on long stock you fully own, or margin lending to get hold of the underlying and using the same brokerage to be able to short those calls against it? I do not have extensive domestic share portfolio as I simply do not want to tie up the cash but I wouldn't mind the scenario where I could long CFD's and write calls against those positions. Does it exist? It may well do but I am not aware of it. Another thing - what kind of strategy do you employ now that equities got belted? I guess we are going to see bounces and while IV is high (and it is a great time to slot that premium) sharp rallies I would think could cost you if they are too close to the ATM. Thanks for letting us know how your strategy went. VP [/QUOTE]

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