I love selling options, so I "sell to open" a call option.
Currently I have short call options on $MAIN (-0.18%)
$ABR (+0.6%) only, but used to sell calls on $MPW (-0.43%) , $HELN (+0.19%) and $NVDA (-1.03%) .
My reasoning: They are expensive at current price X, but i'd love to take them at PRice X - 20% for example. So I receive an option premium, and if the stock does tank like 30%, a buyer is happy to make the margin trade in between, the Market Price X - 30% and the Option PRice of X - 20% (= ~ 10%).
That does generate income if the options does expire worthless. But for GetQuin I can only insert the wins by creating a buy-order for an investment vehicle "other", and then sell it on the expiration day for the options premium I got.
This creates the problem of having the income at the wrong date as well as "exaggerated" single-trade-returns. Also slightly tedious...
It's not a huge amount. It's not a major effect on the performance. However, it's rather annoying. I'm curious if I'm the only one doing it, since most people prefer to buy structured products rahter than buying the option straight.
If I'm not the only one, I'd dare to tag customer support to ask for a development of enabling selling short.
Happy Investing
GG
------------DE:
I love selling options, so I "sell to open" a call option.
Currently I only have short call options on $MAIN $ABR, but I used to sell calls on $MPW , $HELN and $NVDA regularly.
My reasoning: they are expensive at current price X, but I would like to buy them at price X - 20%. That way I get an option premium. If the stock falls by 30%, a buyer is happy to margin trade between the market price X - 30% and the option price of X - 20% (= ~10%).
This generates income when the options expire worthless. But with GetQuin, I can only insert the profits by creating a buy order for an "Other" investment instrument and then selling it on the expiration date for the option premium received.
This leads to the problem that the income is received at the wrong time and the returns for individual transactions are "exaggerated". It's also just a bit more time-consuming ^^
It is not a large amount. It doesn't have a significant impact on performance. It is quite annoying though. I'm curious if I'm the only one doing this, as most people prefer to buy structured products rather than buying the option outright.
If I'm not the only one, I would venture to contact customer support to request a development to allow the short sale.
