Call options
Call options
Writing call options is an investment strategy that gives you the potential to earn additional income on the investments in our margin lending portfolio, and can be especially effective when share prices are static.
When you write a call option on shares in your portfolio you are selling the right – but not the obligation – to the buyer of the call option to purchase those shares at a specific price within an agreed time.
The agreed selling price is available to the buyer of the call option, should they wish to proceed, at any time up to the agreed expiry date. If the share price remains around the same price as the exercise price on or before the expiry date, the buyer is unlikely to exercise their right to buy your shares. You retain the shares while, earning income from the call options premium.
Applying for BankSA Margin Lending Options Plan
Please ensure you have read the Options brochure and Terms and Conditions before applying for the BankSA Options Plan. Note that call options can be written for a maximum 6 month term.
Approved Brokers
Options accounts can be linked to a BankSA Margin Lending facility by obtaining the services of any of the following approved stockbrokers for options trading.
If you wish to use the services of another broker for options trading please contact the Account Management Team on 1300 305 172 or contact us to request the broker be included to the approved list.
- ABN AMRO Morgans Limited
- Aequs Securities Pty Ltd
- Alpine Asset Management
- Austock Securities Limited
- Baker Young Stockbrokers Limited
- Bell Potter Securities Limited
- Burrell Stockbroking Pty Limited
- Citigroup Wealth Advisors Pty Ltd
- CMC Markets Stockbroking Ltd
- D2MX Pty Ltd
- Deutsche Securities Australia Limited
- EL & C Ballieu Stockbroking Ltd
- Goldman Sachs JBWere Pty Ltd
- Grange Securities Limited
- Halifax Investment Services Limited
- Macquarie Equities Limited
- Morrison Securities Pty Limited
- Norris Smith Stockbroking Pty Ltd
- Ord Minnett Limited
- Patersons Securities Limited
- Shadforths Limited
- SHAW Stockbroking Limited
- Tolhurst Noall Ltd
- Wilson HTM Ltd
