【Q&A】Options Trading on Moomoo: 6 Things to Know Before Your Trade - Week#5
Hey guys, this is our 5th Q&A column. This week, we selected 6 questions regarding options trading. We hope this helps~
1.Q: Where can I find options?
A: There are two ways:
A: There are two ways:
1. Go to any stock quote page, then click Options.
2. Markets-US-Option Chain.
2.Q: How can I check options quotations?
A:As long as you have a deposit that is settled, you should be able to view option chains and trade options.
A:As long as you have a deposit that is settled, you should be able to view option chains and trade options.
3.Q: Can I use my instant buying power on options trading？
A: No, you can't buy options with instant buying power.
A: No, you can't buy options with instant buying power.
4. Q: If I purchase an option and it meets the strike price, even if the value of my option declines over time, can I guarantee that my money will be returned?
A: No, price is only guaranteed once it has been sold.
A: No, price is only guaranteed once it has been sold.
5. Q: Can I trade spread options on moomoo？
A: Currently we do not support to trade spread, but you can build spread with multiple-legs options manually.
A: Currently we do not support to trade spread, but you can build spread with multiple-legs options manually.
6. Q: Assume I have200 share of SPY. Can I sell a call option(2 contracts) on these200 shares?
A: No, we don't support covered calls, you would have to take on margin for the short position. We will update later, stay tuned.
A: No, we don't support covered calls, you would have to take on margin for the short position. We will update later, stay tuned.
In order to help you guys with options trading, we have launched a new function-Options Analysis on moomoo. Update your moomoo to the latest version and you can find it on any quote page. Click here to learn more about Option Analysis--Why You Need The Options Profit/Loss Diagram? Hope this help!
Thank you for reading. If you have any further questions, please leave comments below. See you next week.![]()
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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70120609 : Is there a Chinese translation?
Jacob Wu 70120609 : having
Jacob Wu 70120609 : Me->Settings->General->Content Language
70120609 : Thank you
Mortyz : Can you set stop loss on options
Moomoo Lily OP Mortyz : Hi~ You can check here: How to trade options: https://youtu.be/ou66SXFpOek
philly88 : Hi, after I buy a call and the price of the stock has increased, how do I close the option? Do I sell a new call or...? Is there a user guide for options trading I can refer to?
Moomoo Lily OP philly88 : Hi!please check out this link:https://live.moomoo.com/course/41874
For more specific detail,feel free to ask customer service for help.Have a nice day!
101541440 : Hi, i searched google regarding moomoo covered call, It will show the moomoo don't support covered calls. Since moomoo already supported covered call, is that possible to change/update the Question 6 to support covered calls?
Will73 101541440 : Not supported for everyone I assume
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