Welcome To SingingPig.co.uk

Where do I go to buy call and put options on the FTSE?

Is it expensive for an individual investor in terms of taxes and transaction costs?

Thanks

Any options broker will do this when you set up an account,give options direct a try unless others know cheaper brokers,the fill price is important and I often get fills between the spreads so a good broker is worth slightly higher commisions,don't just say but xyz FTSE option as you will probably get an awful price (fill) especially in the uk You need to be aware of the volatility and time premium you are paying,which month to choose and why,don't want to over complicate things for you but reading a couple of good books and watching an options training video will clarify many things as well as explaining in detail a number of interesting strategies if you would like some recomendations just ask and I'll post details.Good trading Zulu

Zulu do you know which UK options broker has the best trading platform?

One that is easy to use and allows me to place spreads and straddles as a single order instead of 2 orders.

Thanks and all the best.

Andy 

 

I have heard good reports about IB brokers and use ODL securities also optionsXpress has been mentioned favourably,if selling options they will want you to have some experience using them,do please make sure you have a recovery strategy in place with naked strangles and perhaps consider condors initialy for both your brokers and your peace of mind if new to this

Read david caplans works on strangles and ratio spreads The bookmaker and the professional options trader are excellant also the options advantage

Zulu:

I have heard good reports about IB brokers and use ODL securities also optionsXpress has been mentioned favourably,if selling options they will want you to have some experience using them,do please make sure you have a recovery strategy in place with naked strangles and perhaps consider condors initialy for both your brokers and your peace of mind if new to this

Read david caplans works on strangles and ratio spreads The bookmaker and the professional options trader are excellant also the options advantage

 

  Hi Zulu,

  Regarding the ban on short selling....do you know if this applies to options trading too ?? 

 I have a small account with Redmayne Bentley in Leeds. They were very efficient the last time that I traded (to long ago !). You wouldn't happen to have the ISBN numbers for those books,would you ,please ??  You also mentioned videos relating to options trading......Got any titles and where to get them??   I've been out of the game for so long,I need a refresher course !!  lol

 Thanks  ,  Jeff.

P.S,  What is the 'In' sector at the moment??        (Looking for quick 'in and out' trades.....)

Jeff,Trade like a Bookie by David.L. caplan 1997 and The professional option traders manual by David.L.Caplan 1986 bought through www.traderslibrary.com if no luck try www.globalinvestors.com

And video series, 9* 2 hour videos by ken Trester

ken tresters option trading camp again above mentioned book/course sellers

I was unable to find any ISBN so perhaps privately published,I get e-mails about tresters option picks so if you have no luck I can find a link for you to contact him directly

The in sector...cash or gold and my understanding is no option trades against the financial sector but check with your broker.HTH Zulu

Try www.global-investor.com edit function not working tonight

Thanks for that  Zulu......I will have a look at all those.  Very helpful.