Shorting individual stocks

[cutz]

Sorry cutz, I got a bit lost with the quoted information you wrote. Would you care to explain it a bit further please ?

All good ! Out Of The Money single legs for example Jul XJO 5500 Puts, if buying heavy volume better off with Comsec, $34.95 up to 10K face value, I may have mentioned Gamma, its one of the Greeks, in this case you will be long, you will need to understand the Greeks, there are tools that help you understand, Hoadleys is one of them,

For more advanced strategies with higher face values per leg Interactive Brokers is the obvious choice, the only broker here for serious Option Traders.

 

[aus_trader]

Found another options broker while doing some stock research which offers $24.95 for ASX options trading. I haven't tried them but just another broker for the list of ASX options brokers: https://reachmarkets.com.au

 

[Zaxon]

$24.95 https://reachmarkets.com.au

So that's cheaper again than Bell.

I did find two spammy sites that seem to be shills for reach: https://impliedvolatility.com.au/#/ and https://optionsgame.com.au/ . They might just be affiliates, or it might imply something spammy about Reach, I'm not sure. Also, there's pretty much no reviews about Reach Markets on the web, as if no one has heard of them before. I'd be cautious until we get more info.

 

[aus_trader]

So that's cheaper again than Bell.

I did find two spammy sites that seem to be shills for reach: https://impliedvolatility.com.au/#/ and https://optionsgame.com.au/ . They might just be affiliates, or it might imply something spammy about Reach, I'm not sure. Also, there's pretty much no reviews about Reach Markets on the web, as if no one has heard of them before. I'd be cautious until we get more info.

Yes, me too I'd be very cautious since I have only just come across them by clicking on an Ad while doing some stock research as I was saying before. In fact until I see some pro's and con's from other traders on forums etc I would stick to the main ones like CommSec / Bell Direct / CMC markets for local brokers and IB for international brokers.

 

[cutz]

Found another options broker while doing some stock research which offers $24.95 for ASX options trading. I haven't tried them but just another broker for the list of ASX options brokers: https://reachmarkets.com.au

That's not bad !

Wonder if its fixed regardless of value and volume ?

 

[aus_trader]

That's not bad !

Wonder if its fixed regardless of value and volume ?

Not sure cutz, I only just came across them so they must be new and their site says $24.95 for 1 Leg of an Options trade, so may have to enquire from them the cost for multi-Legged Options strategy or higher Volume.