"An option premium is the current market price of an option contract."
Saxo's options are: - American style - Settlement: physical - Contract size: 100
Conclusion
It's highly risky and darn expensive (commission USD30).
I sized wrongly. I could have lost my entire premium if US market failed to slide before the option expires (the slide came today, I am lucky or what?!).
Yeah and it would make a pretty expensive hedge. So phew...
🤦
You have got the pun in my title.
Oh well. Better stick with plain vanilla EQ and CFD.
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Gold slide. Investors are moving into cash again.
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