Trading options on Moomoo
Have been using Moomoo since I started trading options. As I shared my option trades on this platform, there were a few Moo-ers who enquired on how to trade options on Moomoo, how to navigate the option chain page etc. So here you go, a video tutorial to walk you through! It comes with Live trades as well!
Pick a stock
My favourite stock for options trading so far has been Tesla due to its volatility. This is because I only sell options at the moment (instead of buy), and high volatility stock allows me to sell options at a high premium. *Note: this is not a financial advice.*
Option chain
Some of the information that I pay attention to on the option chain page are implied volatility, days to expiry, bid/ask prices, delta, just to name a few.
My favourite stock for options trading so far has been Tesla due to its volatility. This is because I only sell options at the moment (instead of buy), and high volatility stock allows me to sell options at a high premium. *Note: this is not a financial advice.*
Option chain
Some of the information that I pay attention to on the option chain page are implied volatility, days to expiry, bid/ask prices, delta, just to name a few.
Personally, I like to display both Puts and Calls options at the same time as I trade both of them. What I like about this page is that Moomoo uses different colours to differentiate ITM strike prices from OTM strike prices.
I don't know about you all, but i thought the option page is quite user-friendly and intuitive (if you have some knowledge on options). Here's a screenshot of the option chain page:
And oh, just to add on, Moomoo allows us to watch the live stock prices and bid/ask prices for free - which it's really good if we wish to milk the most premiums out of every option trade.
Personally, I also like the profit/loss page where I can monitor how the option trades are doing. And it also has this fun feature that allows you to generate cute images like these (whether win or lose):
UX/UI
Overall, I quite like the UX/UI of option features on Moomoo - it's quite modern and user friendly as compared to some of the traditional brokerage apps out there. Moving forward, am hoping to see more features being rolled out.. features that could allow more advanced option strategies. For me, I just hope that I am able to roll my options in one click.
Overall, I quite like the UX/UI of option features on Moomoo - it's quite modern and user friendly as compared to some of the traditional brokerage apps out there. Moving forward, am hoping to see more features being rolled out.. features that could allow more advanced option strategies. For me, I just hope that I am able to roll my options in one click.
Anyway, since Moomoo has been my sole platform to trade options to date, I hope my tutorial below will be useful for some Moo-ers.
Trade safe!
$Tesla (TSLA.US)$ $Alphabet-A (GOOGL.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $NVIDIA (NVDA.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Palantir (PLTR.US)$ $Grab Holdings (GRAB.US)$ $Sea (SE.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Netflix (NFLX.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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DrBingo : Thank you so much!
Cow Moo-ney OP DrBingo : You’re welcome![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
curtaincall : Great tutorial!
Cow Moo-ney OP curtaincall : Thanks! Hope it has been useful!
Seraphicall : Nice. Thanks bro
Cow Moo-ney OP Seraphicall : You’re welcome! :)
Ravi_Sharma : Option fee should be equal to Webull otherwise no one will be interested to pay 55% profit as fee to moomoo
Ravi_Sharma : Appreciate if you also educate people that option fee wrt to profit will be charged 55% approx. Normally people see profit and feel very happy and don't check that how much fee has been deducted by Moomoo for option. So learn the option and use Webull or other app to buy/sell otherwise wait till Moomoo able to match same fee. Otherwise option in mooomoo is useless
look below fee charged to me
Ravi_Sharma : Appreciate if you also educate people that option fee wrt to profit will be charged 55% approx. Normally people see profit and feel very happy and don't check that how much fee has been deducted by Moomoo for option. So learn the option and use Webull or other app to buy/sell otherwise wait till Moomoo able to match same fee. Otherwise option in mooomoo is useless
look below fee charged to me
Andre88888888 : Awesome info as always. Nice bro!
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