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  1. Introduction - Day Traders
  2. Introduction - Day Trading and Options
  3. Types of Options
  4. Near Month In-The-Money Options and The Protective Put
  5. Stock Options and Weekly Options
  6. Mini Options
  7. Index Options and Mini Index Options
  8. Binary Options
  9. Options on Futures
  10. ES Weekly Options and E-Mini Options
  11. ETF Options and IRA Options
  12. Conclusion

5. Mini Options. These allow investors to trade options with 10-share sets rather than the customary 100 shares.

The expiration dates of mini options correspond to their regular equivalent, which includes both weeklies and quarterlies. The strike prices, bids, and offers for mini options also correspond to those of standard options contracts.

Mini options offer several benefits:

  • They are less expensive per transaction.
  • They can hedge their positions for less money.
  • They are American-style exercised, which means that they can be exercised on any business day before expiration.

However, there are also some drawbacks to mini options:

  •  Their commissions are higher on a percentage basis.
  • They have wider bid-ask spreads and lower liquidity.
  • They are only available for very limited securities.

Mini options are a suitable tool for day trading and hedging very high-priced securities but have a limited use to day traders until they're offered on a much wider range of stocks and ETFs.


Index Options and Mini Index Options
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