Q1. 2 - No

Q2. 1 - True

Q3. 1 - Options Price Reporting Authority

Q4. I will use the following strategies when trading options:

• Company Fundamentals - I will always study the company's fundamentals before trading options. Indicators such as Free Cash Flow, any possibilities of Monopolizing the market, Total Addressable Market etc and its future plans for growth. A good company makes it worth while to hold the stock of the company should we need to exercise the options and own the stock and it can form part of my main portfolio.
• Cash-Covered Call Options - I will sell rolling (repeat almost by the time it expires so that i don't need to pay the price if any) cash covered (with enough cash in my account to redeem the option) call option to collect the option premium upfront (similar to insurance premium collected by insurance seller). This is how I'm able to earn some side income to fund my main porfolio or as monthly cashflows.
• Time decay - I will always consider the time decay of options before trading options. It represents the gradual decrease in the value of an option as it gets closer to expiry date to make a profit. In general, At The Money (ATM) around 30 days is a good choice of time decay.
• Implied Volatility (IV) - I look for stocks with high implied volatility (IV) because they are riskier stock with high swing of stock price up or down daily which in turns, offer the chance for larger profits rather than a stable stock price that doesn't move much, which will only have less premium to collect as part of the profit.

My approach to trading options differs from trading shares where:

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I've only sell cash-covered call options - Each options is 100 unit at a lower price that buying stock directly - Hence in the event that I need to redeem the options , i must have enough cash to redeem the option. While trading share need to only need the price and have a right strategy of entry/exit to profit.

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I believe in always manage our risk properly, rewards goes to the due deligence as I belive that

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"We don't plan to fail but only Fail to plan" .
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Cheers.

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Q1: 2

Q2: 1

Q3: 1

Q4: I primarily use covered call strategy when trading options, which involves selling call options against shares I already own to earn extra income. When it comes to trading shares, I simply buy and sell the stocks directly in the market to make a profit. Options trading allows me to manage risks more effectively and requires less capital compared to trading shares.

Q1: 2

Q2: 1

Q3: 1

Q4: I do not typically trade options. However, in my limited experience in trading options, I usually use Long Calls when I feel bullish on the asset and I predict that the asset price is going up. Otherwise, I will use Short Puts when I feel bearish on the asset and I predict that the price is going down.

1. 2
2. 1
3. 1
4. When trading options, I tend to focus on strategies like vertical spreads, iron condors, and straddles, which allow me to capitalize on volatility and market movements. These options strategies offer various ways to manage risk and generate income. In contrast, when trading shares, my approach is more straightforward, relying on fundamental and technical analysis to identify undervalued stocks or those with growth potential. While options trading involves more complex strategies and involves leveraging, trading shares is generally considered a more traditional and long-term investment approach.