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Options Trading on ASX, page-7

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gazpat49

3 Posts.

23/03/18

03:33

Post #: 31966867
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Originally posted by traderdownunder ↑

Hi,

I have been options trading for more than 10 years - mostly on the US markets. A few months ago I decided to try the ASX ETOs. I am frustrated with trading options in Australia - bid/ask spreads are awful, liquidity is almost non-existent even on the most 'liquid' of the stocks. As an example, a few days ago tried to enter a NAB bull put spread by selling NAB June 15 $30.64 puts and buying NAB June 15 $29.65 puts when NAB was traded at $31.80. The quotation I got was a credit of $0.15 bid - a debit(!) of $0.005 offer. Seriously, who would enter a credit spread for a debit? Is anyone actually trading successfully using ETOs on the ASX?

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Hi, I have just found what I think you are looking for. Try Saxo Capital Markets which seems to allow trading on USA stocks etc
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