Opzione Trading Comsec

When you apply for a CommSec Options Account, you will be asked to select a trading level based on your previous options trading experience and your understanding and acceptance of the risks involved. There are four Options trading levels, which determine the type of strategies you can use on your account and the level of risk involved. As you gain experience, you can move to a higher level by completing a CommSec Trading Level Upgrade Form. CommSec recommends that you seek independent taxation advice before entering into any Options strategies. The ASX provides general information on Taxation Treatment of Exchange Traded Options . Margins are essentially collateral - in the form of cash or share holdings - that you need to provide to ensure that you can meet your obligation in the event of an adverse market movement. Margins are only payable by Option writers (sellers) Options buyers do not need to pay margins. Margins are calculated daily by ASX Clear, the clearing house for all shares, structured products, warrants and ASX equity derivatives. It calculates margins on all the written positions in your ASX Options portfolio, and the amount payable is the net amount on all positions. The total margin required for open positions in a CommSec Options account are as follows: Total Margin (1 x Premium Margin) (2 x Risk Margin) To estimate your total required margin you can use the ASX Margin Estimator or refer to the ASX resource, Understanding Margins. It is important that you monitor your margin requirements, as they vary daily and must be covered at all times. Please be aware that CommSec conducts daily stress tests on short positions which may result in your collateral requirements being higher than your daily total margins. You can settle your margin requirements with cash, or by lodging eligible security with CommSec. The list of ASX Clear Acceptable Stock is determined by ASX Clear. You can call us on 1800 245 698 from 8am to 5.30pm (Sydney time), Monday to Friday. Alternatively, you can login to the CommSec website and request a stock release using the Portfolio tab. Please note that you cannot request a stock release by email. We will release your stock within 24 hours of receiving your online request, provided you still have sufficient collateral to meet your margin. Once your request has been processed, you will be able to view the changes to your linked share trading account online units in the released stock will be moved from reserved to available. If you wish to sell reserved stock, please contact us on the number above for it be released. Once it has been released you can sell it online or over the phone. Automatic exercising is a feature where open positions that are due to expire in-the-money are automatically exercised for you, so you dont need to take any action. We will automatically exercise any Options position that is in-the-money on the date of expiry, by one cent or more for share Options and one point or more for index Options. If you dont want to exercise an Option that is in-the-money, you must notify CommSec no later than 4.30pm on the Options expiry date. You can ask for automatic exercising to be disabled on your account for all positions. The definition of in the money depends on whether you are talking about a Call Option or a Put Option. (Although in the money indicates a positive position, it does not guarantee a profit because it does not take into account the cost of your position.) A Call Option is in-the-money when the shares current market price is above the calls strike price. In other words, if you are the holder of the Call Option, you have the right to buy it for less than its current market price. A Put Option is in-the-money when the shares current market price is below the Puts strike price. If you are the holder of the Put Option, you have the right to sell it for more than its current market price. Out of the money means the converse for Call and Put Options. A Call Option is out of the money when the shares current market price is below the calls strike price for a Put Option, it is out of the money if the current market price of the share is above the Puts strike price. At the money means the same thing for both Call and Put Options: the Options strike price is the same as the current market price of the underlying share. options trading through commsec DISCLAIMER: Before making any financial decisions based on what you read, always consult an advisor or expert. The HotCopper website is operated by Report Card Pty Ltd. 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Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advicemSec Online Share Trading and Investment Platform Information verified correct on March 9th, 2017 CommSec services let you buy and sell Australian and international shares, it also offers tools to manage and build your investments. CommSec is owned and operated by the Commonwealth Bank of Australia. With more than 20 years experience, it offers one of the best online trading solutions, phone-based brokerage and consulting services. Most customers choose to trade online, either through a web browser or via smartphone apps, for both iPhone and Android. ALL Share Trading CFDs Rates last updated March 9th, 2017 Rates last updated March 9th, 2017 What is CommSec The CommSec website was launched in 1995 and initially offered trading in Australian stocks. It has since expanded to include international shares, exchange-traded funds (ETFs), margin lending, contracts for difference (CFDs) and administration of self-managed super funds (SMSF). Through a partnership with Pershing LLC, a subsidiary of Bank of New York Mellon, CommSec now offers trading access to 25 global markets, including the US. How does CommSec work CommSecs online tools let you research and trade listed securities, including Australian shares. You can view real-time share prices, market information and research data for free. Brokerage fees when you buy and sell start from 19.95. Share trades can be paid for either through an existing bank account or through a Commonwealth Direct Investment Account (CDIA). Single login. You can log in through CommSec or NetBank and switch between the two, with access to your trades and your CDIA. Consolidated statements. Receive one statement containing all of your activity for each account, which makes it simpler to track and manage your cash. News and research. You can keep up-to-date with the latest share market news and reports, videos, stock prices and trends, including daily reports on key financial events compiled by CommSec analysts. Trade in international shares and ETFs. CommSec allows you to invest in businesses and brands that are internationally recognised, such as Apple or Google. Exchange traded funds (ETFs) also provide access to government bonds and other market sectors. A fast-growing investment product in the US, EFTs are funds that trade on a stock exchange, just like ordinary shares. You can use ETFs for cost-effective, easy access to markets and asset classes you might not otherwise have access to, such as debt, derivatives, currency and commodities. Mobile app . Manage and monitor your investments, trade and stay on top of the market on the go with the free CommSec Mobile App, available through the iPhone App Store or Google Play. Settlement account: Commonwealth Direct Investment Account (CDIA) The Commonwealth Direct Investment Account (CDIA) is designed as a settlement account to allow easy share trading with a low per-trade brokerage fee, as well as functioning as an everyday transaction account, with an option of a debit MasterCard. Earn interest on your money between investments, so there is no need to move money from one account to another. Interest is calculated daily and paid monthly, with no account keeping fees. You can use CommBanks ATM network and NetBank online banking. You can also enjoy unlimited electronic transactions and two assisted withdrawals each month. What types of products does CommSec offer International share trading CommSec gives you access to over 25 leading global share markets including the New York Stock Exchange and London Stock Exchange. It has a partnership with Pershing LLC, a subsidiary of the Bank of New York Mellon that provides access to both US and non-US markets. Youll need to contact CommSec to transfer funds into the relevant currency on your account. Contract for differences (CFDs) The CFD is an over-the-counter (OTC) contract between you an CommSec, who is the CFD issuer. CommSec provides more than 7,000 different types of CFDs, from international shares to global indices. CFD trades start from as little as 10. There are a range of rates youll need consider: commission and spreads, funding costs, currency conversion, borrowing charges and indicative margins. Margin lending Available for customers who are over 18 and are an individual, company, or trust a CommSec Margin Loan is a flexible way of borrowing money for your investment strategy. You choose how much to borrow, when to drawn down funds from your loan and whether you prefer a fixed or variable interest rate. If the market falls, your portfolios value may also fall below your loan balance. If at any time your gearing level is greater than the Margin Call Ratio or the Maximum Gearing Ratio, a margin call will be triggered. This is why its so important to keep in touch with the market by regularly checking updates and alerts, or with an account manager from CommSec. Options trading Exchange Traded Options come in two types: Call options (the right to buy) and Put Options (the right to sell). Commsec charges a range of fees depending on the type of option you purchase and how you trade it. Market insights with CommSec CommSec offers mid-session reports and forecasting while providing live Twitter updates. Youll get free live market data with your CommSec account. There is also an Executive Series, where CommSec speaks exclusively with key representatives from Australias leading companies. Last but not least, CommSec TV is a great visual resource to learn about whats happening in the market, with reports every morning and afternoon. What are the pros and cons to using CommSec over another account Support and education. CommSec has professional service teams to help if you have any questions or enquiries. It also offers a range of helpful information, demos and tutorial videos for investors, whether youre a beginner or an expert. News and research. Daily market reports are updated three times each business day. CommSec analysts will also keep you up-to-date with the market through audio and video reports. Trading and monitoring tools. Customers have access to a range of online research tools including Analyst Research, Company Profiles, News, Watchlists and alerts. WebIRESS Access. This popular share trading software for monitoring markets and trades is not included in the basic CommSec account, but you can add it for a monthly fee or after completing a minimum number of trades. Questions youve wanted to ask What is the minimum amount of shares I can purchase The minimum amount is 500 worth of shares, warrants or contract for difference (CFDs) though there is no minimum for Exchange Traded Options. I cant log into my account, it doesnt recognise my email. What should I do Please get in touch with Commsec directly as finder. au is unable to handle direct account enquiries. Where can I get my history of dividend payments including franking credits You can access this from the companys share registry -- if you are unsure as to who to contact, you can find the details on your holding statement or dividend summaries. How do I pay for my shares Settlement normally takes three ASX settlement days unless the stock is trading under a Deferred Settlement basis. You can use automatic direct debit, BPAY, cheque or cash. Do CommSec offer one-off trades without opening an account CommSec offers an option for clients to process a one-off trade if they have an issuer sponsored holding they wish to trade without opening a full CommSec trading account. You will be required to fill out a form regarding your trade (available from the CommSec website), and mail it to CommSec marking it with attention to One Off Trades. You will need to pay a brokerage fee of 65 per trade up to 10,000 or 0.66 of the value of the trade if it is greater than 10,000, which will be deducted from the profits of the trade. Why CommSec over MyWealth CommSec offers online trading in equities, Exchange Traded Options, Warrants, Australian and International shares and managed funds as well as providing multiple market leading trading and research tools. MyWealth, also backed by CBA, is more focused on building and managing your investments in Australian Listed securities, high interest cash accounts and term deposits, home loans, superannuation and insurance in one platform. Share trading jargon explained Stock trades. Buying and selling stocks, bonds or equity securities offering potential profitable returns such as interest income or appreciation in value. Derivative products. A financial instrument which obtains its value of underlying entities such as an asset, index or interest rate. This includes financial contracts, structured debt and deposits. Contracts for difference. This is a contract between two parties, typically a buyer and a seller specifying that the seller will pay the buyer the difference between the current value of an asset and its value at the time the contract is signed. Company floats. Float here refers to the regular shares that a company has issued to the public that are available to trade. Initial Public Offerings (IPOs). This is a companys flotation on the stock exchange usually the first sale of stock by a private company to the public. Maximum gearing ratio. Gearing ratio here refers to the financial ratio that compares ones equity or capital to borrowed funds. Franking credits. This is the tax paid by a company on pre-tax profits paid from dividends and may reduce the amount of tax the investor pays on a dividend income. Dividend. A sum of money that is regularly paid by a company to its shareholders out of profit. Read more on this topic May July 25, 2016 Thank you for your inquiry. Just to confirm though that you8217ve come through to finder. au 8211 we are a financial comparison website and we are not an affiliate of Commonwealth Bank. CommSecIRESS works on a flexible month-by-month subscription service for regular traders, where if you trade 8 or more times (or incur 220 or more in brokerage) in a subscribed month, CommSec waives the subscription fee. But please note that the standard subscription does not include any additional services such as Standard International Markets, Premium International Markets and Domestic Markets, which are also excluded from free access and will be charged separately. For more details about CommSecIRESS and fees, please refer to the CommSec page I sent to your email. Todd July 6, 2016 I am just about to open a CommSec account. I currently own a portfolio of shares. Can I sell them via my CommSec account and can I view the progress of my current shares through my CommSec account Thanks. 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By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Providers terms and conditions as well as their application and lending criteria. Please read our website terms of use for more information about our services and our approach to privacy. Share thisWhen I sell a put on E - Trade, are the proceeds deposited in my account immediately, or when the option expires The proceeds are deposited in your account upon settlement, which is the next business day after the trade. Since the other responses discussed risk, let me add my two cents. Certainly the risk is limited but substantial. However, the risk is less than if you simply purchased an equivalent number of shares. For example, if a stock is trading for 110 per share and you sold two put options with a strike price of 100 for 5 per share, your maximum risk is (100 - 5) x 200 19,000. On the other hand, if you simply bought 200 shares your maximum risk would be 110 x 200 22,000. However, you need to remember that your maximum profit is limited when you sell naked options. If the example I gave, the most you could make from selling the options is 5 per share, even if the price of the stock doubled. If you had purchased the stock and the price had doubled you would have made 110 per share. I apologize for going off on a tangent not related to your question, but I thought it was worth spending the time to clarify an issue raised in other responses. zman492 middot 9 years ago