An Option is a financial derivative which represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (excercise date).

The buyer of a call or put option (known as the "holder") must pay the full premium of the option. The seller (known as the "writer") of a put or call option receives a premium upon selling the option and is required to meet margin requirements.

Sonray Capital Markets has a specialised options trading platform which gives traders direct access to US, European and Asian options via SonrayGlobal Trader Workstation (TWS).

Some of the highlights of this platform are:-

• VolTrader – allows Investors to trade like professionals, in terms of option volatilities instead of prices
• OptionTrader- provides streaming option chains with quick click order transmission
• Real Time Price/ Risk Analytic tools, which includes Option Analytics, Portfolio Analytics, Option Modeller and Arbitrage Meter
• Over 40 different order types that limit risk, speed execution, improve price, use discretion (Iceberg & Hidden Orders), time the market and simplify trading
• Real-time scanners and charts that provide options industry statistics such as Volatility, Volatility Gainers and Put/Call Ratios
• SmartRouting  that searches for the best price available at the time of your order
• Options offered on 24 Market Centers worldwide

Click here for more information at our Sonray Global website.

View the ASX Options Guide