Binary option CHL: Etf option trading hours

ETF Options Product Specifications.

Description.

Exchange traded fund options are standardized put and call options on underlying exchange traded funds (ETFs). ETFs are securities representing ownership in portfolios of assets designed with an objective to generally correspond to the price and yield performance of individual indexes.

Unit of Trade.

Each standard contract represents 100 shares of the underlying ETF. Corporate actions, such as rights offerings, stock dividends, and mergers, can result in adjusted contracts representing something other than 100 shares of stock.

Premium Quotations.

Stated in points. One point equals $100. Most ETF premiums are quoted in $.01 increments for options under $3 and $.05 increments for options over $3.

Strike Price Intervals.

In general, ETF strikes will be listed in $1 increments. However, different exchange programs allow for strike-interval listing beyond the standard method. Some short-term options on ETFs will list strikes in $.50 intervals.

Exercise Style.

American-style. Options may be exercised on any business day up to and including the expiration date.

Exercise Settlement Time.

Exercise notices tendered on any business day will result in delivery of the underlying ETF on the second (T+2) business day following exercise.

Expiration Months.

ETFs will list two consecutive near-term expiration months plus two successive months from the January, February or March cycle. LEAPS® expirations may also be added. However, different exchange programs allow for expiration-month listing beyond the standard method.

Expiration Dates.

Monthly options expire on the third Friday of the expiration month. Many products also list weekly options that expire on Fridays. If an exchange holiday occurs on that Friday, weekly options will expire on the preceding Thursday.

Position Limits.

Limits vary according to the number of outstanding share and trading volume. Some ETF position limits may be higher than 250,000 contracts. Customer hedge exemptions are available. Investors may check Position Limit reports from OCC's website for more information.

Minimum Customer Margin.

Purchases of puts or calls with nine months or less until expiration must be paid for in full. Writers of uncovered puts or calls must deposit / maintain 100% of the option proceeds* plus 20% of the aggregate contract value (current equity price x $100) minus the amount by which the option is out-of-the-money, if any, subject to a minimum for calls of option proceeds* plus 10% of the aggregate contract value and a minimum for puts of option proceeds* plus 10% of the aggregate exercise price amount. Margin requirements for some broad-based ETFs may vary.

(*For calculating maintenance margin, use the option's current market value instead of the option proceeds.)

Trading Hours.

ETF options will trade the same hours as the underlying ETF. For most ETFs, this is 9:30 a. m. to 4:00 p. m. ET. For certain broad-based ETFs, 9:30 a. m. to 4:15 p. m. ET. Expiring weekly options on some broad-based ETF products may cease trading at 4 p. m. ET, or 15 minutes before the non-expiring options on that same class cease trading.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (investorservicestheocc).

Options Trading Hours.

Options only trade during regular market hours. You cannot place orders for options for the pre-market or after-hours trading.

Options on stocks trade from 9:30 a. m. to 4 p. m. ET.

The close of trading for options on ETFs coincides with the closing of the underlying security.

Last Trading DayвЂ“ Trading in options on ETFs will ordinarily cease at the close on the business day (usually a Friday) preceding the option expiration date.

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Not a recommendation. Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security or account.

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Scottrade, Inc. and Scottrade Investment Management, Inc. are separate entities but are affiliated subsidiaries of TD Ameritrade Holding Corporation. Scottrade Bank has merged into TD Bank, N. A. As a result of the merger, Scottrade Bank has become a trade name of TD Bank, N. A. or its affiliates. Deposit products and services offered by TD Bank, N. A. and TD Bank USA, N. A., Members FDIC. TD Bank, N. A. and TD Bank USA, N. A. and TD Ameritrade are affiliated through their parent companies.

Brokerage products and services offered by Scottrade, Inc. - Member FINRA and SIPC.

Brokerage products are not insured by the FDIC вЂ” are not deposits or other obligations of the Bank and are not guaranteed by the Bank вЂ” are subject to investment risks, including possible loss of the principal invested.

All investing involves risk. The value of your investment may fluctuate over time, and you may gain or lose money.

Online market and limit stock trades are just $6.95 for stocks priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund and option transactions. Detailed information on our fees can be found in the Explanation of Fees (PDF).

Scottrade does not charge setup, inactivity or annual maintenance fees. Applicable transaction fees still apply.

Scottrade does not provide tax advice. The material provided is for informational purposes only. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

Investors should consider the investment objectives, charges, expense, and unique risk profile of an exchange-traded fund (ETF) before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing.

Leveraged and inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These fundsвЂ™ performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund before investing. A prospectus contains this and other information about the fund and may be obtained online or by contacting Scottrade. The prospectus should be read carefully before investing. No-transaction-fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder or SEC 12b-1 fees.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.

Market volatility, volume and system availability may impact account access and trade execution.

Hyperlinks to third-party websites contain information that may be of interest or use to the reader. Third-party websites, research and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

Tip 7 - Trading ETF Options.

Exchange-Traded Funds , or ETFs , are index funds that trade just like stocks on major stock exchanges. All the major stock indexes have ETFs based on them, including: Dow Jones Industrial Average (DIA), Standard & Poor's 500 Index (SPX), and Nasdaq 100 Composite (QQQQ).

In addition, just about every major industry has an ETF for investors who wish to select an entire industry rather than individual stocks.

ETFs differ fundamentally from traditional mutual funds, which do not trade during the normal trading hours of the day. Traditional mutual funds take orders during Wall Street trading hours, but the transactions actually occur at the close of the market. The price they receive is the sum of the closing day prices of all the stocks contained in the fund. Not so for ETFs, which trade instantaneously all day long (just like ordinary stock).

Since ETFs trade all day, options are available on them. These options provide interesting opportunities for certain strategies, including what I call the 10K Strategy, which is the major strategy offered by Terry’s Tips.

For the most part, at Terry’s Tips , we use broad-based ETFs as underlyings (SPY, DIA) for our option portfolios because they do not fluctuate wildly like individual stocks often do (our strategy works best when the underlying stays flat or moves only slightly in either direction).

We have had good luck with one ETF that is not broad-based, but made up of 84 companies in the banking and financial services area (XLF).

The 15 most important components of the Financial SPDR (XLF) and their weights are:

1 JPMorgan Chase & Co. (JPM) 11.80%

2 Bank of America Corp. (BAC) 8.90%

3 Wells Fargo & Co. (WFC) 8.60%

4 Citigroup Inc.(C) 5.60%

5 U. S. Bancorp (USB) 4.20%

6 Goldman Sachs Group Inc. (GS) 3.10%

7 Bank of New York Mellon Corp. (BK) 2.90%

8 American Express Co. (AXP) 2.60%

9 MetLife Inc. (MET) 2.20%

10 Merrill Lynch & Co. Inc. (MER) 2.20%

11 Travelers Cos. Inc. (TRV) 2.00%

12 PNC Financial Services Group Inc. (PNC) 1.90%

13 AFLAC Inc. (AFL) 1.80%

14 CME Group Inc. (CME) 1.60%

15 Morgan Stanley (MS) 1.60%

A hedged strategy: The options strategy I use with XLF is a hedged strategy. In many respects, this strategy involves taking less risk than if I had just purchased XLF stock. Half the options are “long”, meaning they benefit when XLF moves in one particular direction, while half are “short”, meaning that they benefit if XLF moves in the other direction. No matter which way XLF moves, half the options benefit from the change in stock price.

XLF options can be better than XLF stock. I must admit that I am an options guy, not a stock guy. No matter how much I like XLF (and I do), I know that I can make a whole lot more with the options than I ever can with the stock. And I can do it with a strategy that is “hedged”. I can make money with XLF even if the stock does not go up. Usually, I can even make money when it goes down, (just as long as it doesn’t go down too much, too fast).

If you trade actively in options, and particularly if you are hedged (meaning that you are putting on many different positions rather than speculating with the simple purchase of puts or calls), it is important to look at the options market for the underlying security. Option markets for individual companies, except for a very few extremely active stocks, often have large spreads between the bid and asked price. In many cases, a single market maker sets the prices, and it is difficult to get good executions when you trade.

This means that every time you buy an option, you pay more than you would if the options were more actively traded, and when you sell, you receive less than you would in an active options market. The options market for XLF is liquid. Bid-asked spreads are small, and you can successfully execute spread orders and count on getting decent prices regardless of whether you are buying or selling.

Why is XLF better than trading individual companies? It has nothing to do with the company. Rather, it has to do with the price behavior of most individual companies. The 10K Strategy does best when the stock does not gyrate wildly. At certain times, most individual companies are subject to sudden wide swings in their stock prices. Earnings are announced, and the company either exceeds (or fails to meet) expected results, and the stock moves accordingly. An analyst upgrades (or downgrades) the stock unexpectedly, and the stock makes a big move. Sudden price changes in the stock can result in losses when using the 10K Strategy , so we prefer to trade on a basket of stocks (like XLF) rather than an individual company. That way, if one company has a big swing in stock price, the effect on the total basket of stocks is usually minimal. (If the companies are all in the same industry, sometimes one company’s gain is another’s loss, so the net effect on the basket of stocks is zero).

I call my system the 10K Strategy . It is somewhere between a boring buy-and-hold strategy and day-trading. It is not a marathon – you do not have to wait forever to see results. Neither is it a sprint, dependent on short-term increases in the price of the stock. Like any race, it takes a little effort to execute. But the extraordinary profit potential makes it all worth while, at least to my way of thinking.

A Simple Options Strategy: The 10K Strategy is based on the simple fact that all options become less valuable every day (if the stock stays flat), but short-term options go down in value (decay) at a faster rate than long-term options. I purchase slower-decaying long-term options and use them as collateral to sell faster-decaying short-term options to someone else. If the stock stays flat, I always win. Guaranteed!

But as we know, all stocks do not stay flat. Some good stocks, like XLF, actually go up much of the time. Having a good feeling about a stock (and being right) makes the 10K Strategy even more profitable than just enjoying the option decay advantage. If the stock goes up, I can make more with the 10K Strategy than I ever could with the stock alone.

If the 10K Strategy is so simple, why doesn’t everybody follow it? First of all, only Terry’s Tips Insiders know about it. That’s a pretty small, but growing, universe. Second, it really isn’t as simple as the basic underlying concept makes it seem. The strategy consists of calendar spreads at several different strike prices (both above and below the stock price), with differing numbers of spreads at different strikes (depending on your personal risk tolerance), often involves puts rather than calls (even if you are bullish on the stock), and is governed by a strict set of Trading Rules that determine when adjustments need to be made.

Does the 10K Strategy make money all the time? I’m afraid that nothing could be quite that good. But it is close. In March 2009, I set up the XLF portfolio using the 10K Strategy (we call it the Marco Polo portfolio). This portfolio was set up in an actual brokerage account all by itself, and the positions (and every trade) updated each week for Terry’s Tips Insiders .

In the first 7 months, the portfolio gained 35% after all commissions (60% annualized) in spite of some extreme mid-month volatility. Several times, the stock fluctuated by over 30% in a single month, something that our strategy has the most trouble handling. To check how the portfolio has performed since that time, go to our Track Record page.

It all sounds too complicated – can you manage the 10K Strategy for me? Unfortunately, I can’t manage your money. I publish an options newsletter, and am not a licensed investment advisor. But through a mechanism called Auto-Trade, the best of all brokerage firms (in my opinion, and also Barron’s), thinkorswim, Inc. by TD Ameritrade, will execute my recommendations in your account for you.

How Much Does It Cost to Learn All About the 10K Strategy ? The White Paper costs less than a meal for two at a decent restaurant. It gives you all the information you will need to execute the 10K Strategy, and set up, and maintain, a portfolio that matches the degree of risk that you are comfortable taking. Complete Trading Rules for every risk level portfolio are included as well.

And there is more. First, you will receive a free Stock Options Tutorial which will acquaint you with the basics of option trading, including a simple explanation of the often-intimidating “Greeks.” Second, you will receive a free two-month subscription to our Insiders Newsletter, where you can watch our actual portfolios unfold each week (and receive Trading Alerts whenever a change is made in a portfolio). If you wish, you can mirror one or more of these portfolios in your own account, or sign up for Auto-Trade with thinkorswim , Inc. by TD Ameritrade and have the trades made for you.

And there is still more, like a list of 20 “Lazy Way” companies which allow you to make two trades at the beginning, and do nothing more for two full years. At the end of this period, you will have earned a minimum 100% on your investment, mathematically guaranteed, if the stock stays flat or goes up by any amount. In most cases, it can even fall by 5% and you make at least 100%, and it can fall by 25% and a small profit still results. (You can figure out all these numbers precisely, before you make the investment.)

Once you have become an Insider (by buying the White Paper ), you will have access to several valuable reports on a variety of option strategies, many of which you will not be able to find in any books on options.

All this for less than the cost of a meal for two at a decent restaurant. And once you put the strategy to work, you might well be spending many pleasant evenings at better-than-decent restaurants for the rest of your life. Who knows? In could happen. It did to me, and I want to pass on my learning experiences to you.

Become a Terry’s Tips Insider , pay only $79.95, and receive my 72 page White Paper which describes 4 unique trading strategies with complete Trading Rules for each, including the 10K Strategy that earned an average of 103% for 8 portfolios in 2005, and get all these additional benefits absolutely free:

My Stock Options Tutorial Program service, fourteen separate lessons which provide a sound background for options trading (a $29.90 value). A list of 20 “Lazy Way” companies which make 100% mathematically guaranteed in 2 years if the stock stays flat, goes up by any amount, or falls by less than 5%. The “Lazy Way” strategy involves making two trades up front, and then sitting back and waiting for 2 years for your 100% to come in. Two free months of the Insiders weekly reports (a $49.90 value) – with updates on several actual portfolio accounts with every trade ever made in each one. Each account is a real-time unfolding of one of the basic strategies developed in the White Paper . Different underlyings or investment amounts are used for each portfolio. If you would like, I will you with every trade I make in each of these accounts, so you can make those same trades yourself if you wish, maybe at even better prices.

Here is the link that could change the way you invest your money for the rest of your life - terrystips/signup.

If you are not convinced that now is the right time to make this investment in yourself, at least sign up for my free newsletter. You will receive my free report, "How to Create an Options Portfolio That Will Outperform a Stock or Mutual Fund Investment".

For more information about the "Lazy Way" strategy to double your money, click Tip #5.

For more information about how you can use the 10K Strategy in your IRA, click Tip #4.

For more information about options in general, click Tip #1.

But the most important link is right here - terrystips/signup. That is where you can order my White Paper and maybe change how you ever thought about investing for the rest of your life.

Terry's Tips Stock Options Trading Blog.

Floor & Decor Holdings (FND) Is Set To Grow.

This week we are featuring another of the Investor’s Business Daily (IBD) Top 50 List companies. We use this list in one of our portfolios to spot outperforming stocks and place spreads that take advantage of the momentum. The 10 actual option portfolios carried out by Terry's Tips for its paying subscribers have gained an average of 108% for 2017. This is down a little from a few weeks ago because many of the tech stocks that we trade options on have fallen over the past few weeks. We are still pleased with the composite results, however. (One of our newest portfolios adds the Trading Idea of the Week that we send out to you each week to its holdings).

Floor & Decor Holdings (FND) Is Set To Grow.

Investors are optimistic about the outlook for FND after a recent Moody’s upgrade and an upgrade from Zacks Investment Research to a buy rating with a $46.00 price target.

Will Essent Group (ESNT) Continue the Momentum?

This week we are looking at another of the Investor’s Business Daily (IBD) Top 50 List companies. We use this list in one of our portfolios to spot outperforming stocks and place spreads that take advantage of the momentum.

Will Essent Group (ESNT) Continue the Momentum?

Essent Group has received a lot of attention as of late and several analysts are expecting more upside in the stock price. Here are two of them – Essent Group Earns Outperform Rating from Analysts at Wells Fargo & Company and Zacks: Analysts Anticipate Essent Group Ltd. Will Announce Earnings of $0.77 Per Share.

ESNT has recently seen a pickup of upside momentum after a . . .

Facebook (FB): Time to Buy The Dip?

The last 12 ideas which we have published here which have expired resulted in 11 gains averaging 39% (including the loss which was only 10% on one of the spreads). If you had invested the same amount in each of the 12 ideas, you would have made 468% on that amount. Of course, we can’t promise that future results will be this great.

Facebook (FB): Time to Buy The Dip?

Several analysts are expecting Facebook stock to continue higher, here are two of them – Facebook Inc Stock Can Still Deliver Value, Event at These Levels and Three stocks to buy on recent weakness.

In This Section.

This Week's Events.

Making 36% – A Duffer's Guide to Breaking Par in the Market Every Year in Good Years and Bad.

This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways (and sometimes the woods).

Learn why Dr. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA.

Tastyworks is a new brokerage firm from the brains behind tastytrade and it is our top choice of options-friendly brokers. Their commission rates are extremely competitive - options trades are only $1 per contract to open and $0 commission to close (all options trades incur a clearing fee of $0.10 per contract). The tastyworks trading platform quickly became our favorite platform for options trading and it keeps getting better with new features released each week. Terry uses tastyworks and loves everything about them!

This Chicago brokerage firm with the unlikely name thinkorswim, Inc. by TD Ameritrade is considered by many to be the best option-friendly broker. For openers, they have extremely good analytic software and their option trading platform is exceptional. Thinkorswim Mobile has been called the best mobile app in the industry. In 2017, TD Ameritrade received 4 stars out of 5 in the annual Barron`s* Best Online Brokers Survey. TD Ameritrade was tops as an online broker for long-term investors and for novices. The company is the only broker that receives the highest 5.0 score for research amenities among all firms participated in the ranking last year.

TD Ameritrade, Inc. and Terry's Tips are separate, unaffiliated companies and are not responsible for each other’s services and products.

tastyworks, Inc. has entered into a Marketing Agreement with Terry’s Tips (“Marketing Agent”) whereby tastyworks pays compensation to Marketing Agent to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastyworks does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website.

tastyworks, Inc. and Terry’s Tips are separate, unaffiliated companies and are not responsible for each other’s services and products. Options are not suitable for all investors as the special risks inherent to options trading my expose investors to potentially rapid and substantial losses. Options trading in a tastyworks account is subject to tastyworks’ review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

How to Buy an ETF During Extended Trading Hours.

Stock trading the way it used to be may not have been "the good old days."

Ryan McVay/Photodisc/Getty Images.

Binary option CHL

четверг, 31 мая 2018 г.

Etf option trading hours

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четверг, 31 мая 2018 г.

Etf option trading hours

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четверг, 31 мая 2018 г.