Options

Sonray offers clients access to a wide range of Australian and International options through our full advisory service or our award winning online platforms. We have a 24 hour dealing desk to assist with execution. 

An Option gives the purchaser the right, but not the obligation, to buy (for a call option) or sell (for a put option) a specific amount of a given stock, commodity, currency, index, or debt, at a specified price (the strike price) during a specified period of time.

• US, Canadian, Australian, some European and Asian stocks and Indices
• Futures
• ETF (Exchange Traded Funds)
• Currencies both Spot and Futures

Flexibility: Options can be used in a wide variety of strategies, from conservative to high-risk, and can be tailored to more expectations than simply "the stock will go up" or "the stock will go down."

Leverage: An investor can gain leverage in a stock without committing to a trade.

Limited Risk: Risk is limited to the option premium (except when writing options for a security that is not already owned).

Hedging: Options allow investors to protect their positions against price fluctuations when it is not desirable to alter the underlying position. Think of this as an insurance policy. Just as you insure your house or car, options can be used to insure your investments against a downturn.

Speculation: You can think of speculation as a specific view on the movement of a security. The advantage of options is that you aren't limited to making a profit only when the market goes up. Because of the versatility of options, you can also make money when the market goes down or even sideways. 

Sonray offers free online education to help you trade with confidence.  

The Australian Stock Exchange provides free general education:

• Understanding Options Trading
• Options a simple guide
• Interactive Online classes to help build your knowledge.