wilsonkeat
2022-03-27

SAXO not allowing to sell Covered Call for Risk Rating 6 equities.

I was trying to sell Covered Call on Huya and TIGR but SAXO doesnt allow me to.

even if I own 100 shares of each stock.

Please take note.

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Comments

  • Maria_yy
    2022-03-27
    Maria_yy
    Are you trying to short HUYA?
    • wilsonkeat: 
      It is unreasonable. Even TIGR stock risk is also rated 6. I cant sell CC for TIGR too. Covered call risk is to sell all my 100shares if the price hit above Strike Price. Not risky at all.
    • Maria_yyReplywilsonkeat: 
      It seems that Saxo's stipulation is unreasonable.
    • wilsonkeat: 
      No. Selling Covered Call only. I am owning 100 shares of Huya, but Saxo dont allow me to sell Covered Call options.
  • DonnaMay
    2022-03-27
    DonnaMay
    Why can't you covere call?
    • DonnaMayReplywilsonkeat: 
      Covered calls are really not shorting.
    • wilsonkeat: 
      That’s what i said too. Huhhh. They ignored me.
    • wilsonkeat: 
      Saxo said it is risky for me. I missed the fat premium the other day Thursday n Friday when TIGR rally. That is like 3-4% premium. damn….
    • wilsonkeat: 
      Saxo thinks selling Covered call is one of short selling. Although it is not Selling naked call.
  • BurnellStella
    2022-03-27
    BurnellStella
    I am optimistic about Huya's performance this year.
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