New Options on big-ticket stocks.
Introducing mini-options – standardized put and call options with deliverables of 10 shares instead of the usual 100. Now you can buy options on certain high-priced securities for a lower initial investment*.
Consider using mini-options to:
Trade options on certain higher-priced securities at lower premiums than previously available with regular options
Speculate on the price movement of certain securities
Hedge positions on certain securities of fewer than 100 shares
Bigger names at smaller prices.
Mini-options are now available for these five securities:
SPY
SPDR S&P 500
AAPL
Apple Inc.
GLD
SPDR Gold Trust
GOOG
Google Inc.
AMZN
Amazon.com Inc.