Quote:
Originally Posted by teatree
Hi guys, thanks for your replies. Whizzard, when you mention buying options, where/who do you buy them from?
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I don't really buy options because I will have to pay premium for them ..... I sell options which means I get paid for the options I sell.
In Singapore, options are mainly traded over-the-counter ("OTC") i.e. they are customised and with specific counter-parties. I sell them to my private bank. These are usually backed by shares I already own so that the bank knows it is not taking undue risk when they are buy options from me.