The trading method of index options is the same as stock options. For operation instructions and related information, you can refer to stock options trading. However, as an independent option type, index options have their own characteristics in trading.
Same as stock options, please refer to stock options trading.
Same as stock options, please refer to stock options trading.
Regular trading day: 9:30~16:15 US Eastern Time
Last trading day:
● AM-settled index options: 9:30~16:15 US Eastern Time
● PM-settled index options: 9:30~16:00 US Eastern Time
Except for the above trading sessions, Moomoo MY does not support other trading sessions for index options.
Index options contracts have an expiration date and last trading day respectively.
● AM-settled index options: The last trading day is the trading day before the expiration date.
● PM-settled index options: The last trading day is the expiration date.
Index options can only be traded on or before the last trading day. Therefore, AM-settled index options can't be traded on the expiration date.
SPXW230915C4500000 and SPX230915C4500000 both expire on September 15, 2023. However, the former can be traded on the expiration date and the latter can't.
Index options support both single-leg and multi-leg orders.
Placing orders for single-leg index options follows the same process for single-leg stock options, with fewer supported order types:
● Supported order types: market, limit, stop, stop limit, market-if-touched, limit-if-touched, trailing stop, and trailing stop limit.
● Attached orders are currently not supported.
For more information, refer to the help article "Order Types".
Placing orders for multi-leg index options follows the same process for multi-leg stock options. You can open, close, and roll over option strategies.
However, since the underlying indexes are not tradable, index options support fewer order types for option strategies than US stock options:
● Vertical Spread
● Straddle
● Strangle
● Butterfly
● Condor
● Iron Butterfly
● Iron Condor
● Calendar Spread
● Diagonal Spread
● Custom Spread
For more information, refer to the help articles "Multi-Leg Options Orders" and "US stock options rolling".
Index options trading incurs trading fees, a platform fee, and regulatory fees. The fee structure is largely similar to stock options. For more information, refer to the help articles "U.S. stock option fees" and "US Stock Multi-Leg Options Fees".