you miss out telling the most important information which is the brokerage or commision charge

Acttually, I am very interested in Trading FKLI and OKLI, but the problem is not much info can be found online.
And I am using ItradeCIMB as my broker.

unfortunately, i am a total newbie, I dont really understand your statement.

guys, please enlight me to something i never know


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example, I want to buy one OKLI P 1620 Oct 2012 , how much i must pay? how much is the brokerage?

This post has been edited by john123x: Sep 27 2012, 10:00 PM

before revamp, its a dead market. after revamp, sometimes i see some volume for okli.


I just want to know bout the brokerage and commisson, this info are very usefull for breakeven purposes....

Not so fast, I still need to do Lots of research .. Info on FKLI is too little and too hard to find.
Planing on using ItradeCIMB

And i got another question, whats going to happen to "in the money" OKLI during expiry?

I dont know, Ive been asking around, but no one knows

please do so, thank you

thx for the info,

So, break even for FKLI is 1 point....

ur at pro level while the rest of us are still newbie.

of course as a newbie, we need to worry bout brokerage and breakevens. Newbie derivatives traders usually start small first...and brokerage bout rm25 is a big quite high for newbie

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Added on October 11, 2012, 3:48 pmpreferable a rm10-15 per way brokerage

any broker suggestion?

This post has been edited by john123x: Oct 11 2012, 03:48 PM

[quote=Medufsaid,Oct 26 2012, 02:14 PM]
there is no bid and ask quote in the picture..assuming there is an ask of 9.60 (the last done price) - you will need to pay the premium of 9.60 x 50 (the multiplier) = RM 480
while brokerage varies

[/quote]For reference in case someone in the future wanted to search for okli...

If I buy 1 oct 1620P at 9.60, I'll have to pay RM480 + brokerage fees. No margin required cos you have 'paid' your max losses upfront.

If I hold till end of month, final value follows FKLI settlement (average value of KLCI from 3:45-4:45), if its profitable the money will be auto credited into your account, minus RM1 for settlement fee.

From what I observe, bid/ask spread in OKLI is typically 5pts, bcos of the current low volume. So if you are in profit, market u-turns and you want to close out your OKLI positions, be prepared to have slippage of a few points.

Advanced technique: (Alternatively, if you have enough cash for margin etc, you can 'crystalise' the profit by closing the trade in FKLI, and hedge it till the end of month. Another similar scenario is this, if you bought a 1620p when market was 1600, and it went up to say 1615, u can choose to salvage some of the premium by going long in FKLI. If market rose above 1620 then don't bother...)

Tl;DR version: Nett profit = Gross profit - premium - broker fee - RM1
Max loss = Premium + broker fee

Don't worry if its hard to grasp at first glance. It took me quite awhile too

[/quote]

thx for the info, but it upsets me that the OKLI market isnt very active and liquid....