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Options contracts under 100 shares?
Is there any exchange where you can trade "mini" options contracts; that is, contracts that involve fewer than 100 shares? For example, sites like Sharebuilder allow you purchase partial shares of expensive stocks like Google? I am interested in writing covered calls but don't necessarily want to invest tens of thousands of dollars into a particular stock in order to do so.
I am referring to selling, not buying, calls.
5 Answers
- A nobodyLv 71 decade agoFavorite Answer
All listed options are issued either by the CBOE or the exchange on which they trade and are cleared by the CBOE and they do not (and can not) issue options representing less than 100 shares.
Even OTC options are not issued and/or traded for less than 100 shares
Source(s): from the street - 7 years ago
CBOE Mini Options
New CBOE Mini options with physical settlement began trading on March 18, 2013. The new Mini options represent a deliverable of 10 shares of an underlying security, whereas standard equity options represent a deliverable of 100 shares. The options symbol for the new Mini options will be the underlying security symbol followed by the number 7. Here is a link for the site: http://www.cboe.com/micro/mini/default.aspx
- Jack MLv 41 decade ago
Nope, all options contracts are for "bundles" of 100 shares.
If you buy 5 call options, it will be for 500 shares... always.
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- Anonymous1 decade ago
I am not aware of any.
