Equity Options Commissions
Trade volume: Contracts per Month
|CURRENCY||0 - 1,000||1,001 - 5,000*|
* Above 5,000 lots per month clients are encouraged to speak with their Account Manager to negotiate commission levels based on the volume they offer.
When trading Stock options at Saxo Capital Markets, there are no minimum ticket fees. Each trade is subject to a flat-rate fee based on the applicable volume bracket.
From 1 July 2017, overnight positions in Stock Options will be subject to a carrying cost.
The carrying cost will be calculated on the basis of the daily margin requirement and applied when a position is held overnight.
The funding rate used for calculating the carrying cost is based on the relevant Interbank-rate + markup (150 bps).
Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)
From 1 July 2017, a Holding Fee on bought long dated Stock Options will apply.
The Holding Fee will only apply to bought Stock Options with maturity beyond 120 days and be calculated based the Nominal Value and charged end-of-month.
|Bought Options daily holding fees per million (Nominal Value)|
|< 120 days maturity||n.a.|
|>120 days maturity||1.10|
Holding Fee per day = Nominal Value / 1,000,000 * Holding Fee
An option is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
Saxo Capital Markets is required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. Please refer to our "Product Risk Categorisation".
Trading in options may expose investors to potentially rapid and substantial losses. Please read Characteristics & Risks of Standardised Options prior to buying or selling an option to learn more about the characteristics and risks of exchange-traded options.
Other Risks: Spreads, straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return. These are advanced option strategies and often involve greater and more complex risk than basic options trades.
Exercise and assignment of options, particularly American-style, may lead to substantial losses especially if a writer of the option is "uncovered." Options that expire in-the- money are subject to automatic exercise, while options that are out-of-the-money are expired. In some cases, holders of long OTM options may decide to exercise if very close to the daily settlement underlying price, e.g. "Pin Risk."