Australian (ASX) Stock Market Forum

Quick Intro from a Premium Seller

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w37b said:
You seem very sure it'd come here soon. :)
I have also been put on the notification list once they open to international customers.
Crossing fingers that it will happen in 2017.
Click to expand...

Hi w37b, I have sent you a Private Message ...have a look at your inbox...thanks for your interest in Tastytrade :)
 
I have been trading options off-and-on over the last 17 years. In my first few years I was trading full-time on the ASX (mainly AMP, ANZ, BHP, CBA, NAB, RIO, WBC and XJO) and was only ever on the buy side - I made some good money for a few years, but you would only ever make your annual salary from the one or two big wins in the year.

During those initial years I was introduced to premium selling using the Optioneer system, but the higher returns from being on the buy side were too alluring so I never really persevered with premium selling. Although I had one friend who did and he did quite well from it.

By the end of 2007 my buy-side options trading came to an end as I ended up wiping my account out.

It wasn't until the end of 2015 that I came across the TastyTrade site and have been trying the premium selling strategies of Iron Condors, Iron Flys, Credit Spreads and Calendars to some success. I currently use OX as my broker and I can't wait for the TastyWorks team to allow Australian accounts!

The only downside with trading US markets is the time difference, but as I have a full-time job it wouldn't be any easier trading the Aussie markets anyway.
 
Hi guys,

I've just joined and may as well introduce myself to everyone too!
I'm pretty new on the Options trading block, still an IB paper trader (yugghhh) but have been a very keen student of Kirk Du Plessis (OptionAlpha) the last 6 months or so - and learning all about being on the right side of volatility trading...mostly selling Premium on Credit spreads, Iron Condors, Strangles, Straddles and the like.

Now I know I don't need to pitch to the clergy here, but I really appreciate the rhetoric I've learned from Kirk, where pricing your entry into a trade is likely the only thing you can ever control in the Options market and almost wipes out the reliance on any kind of directive speculation. Anyhows...I could go on and on but I'm really excited to find like minded Aussies and I'd really like to find out from some of you what type of IB account you have set up (Personal/Business?) and what the exact margin requirements are.

I've also watched a number of Tastytrade tutorials and value the lessons learned. I'd sure like to see it offered downunder. I think i did register a few months back, but when chatting online I was pretty much told Australia was off the cards.

I will try PM some of you guys soon to get more info on IB if possible. Am still trying to understand how much of these strategies Id be able to trade with IB with a small startup account.

Thanks all and don't give up on the trade!
 
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