Yujin Investment & Futures Launches US Stock Options Trading Service

[Photo by Eugene Investment & Futures]

[Asia Economy Reporter Lee Jung-yoon] Eugene Investment & Securities' subsidiary Eugene Investment Futures announced on the 29th that it will become the first domestic futures company to start trading services for U.S. stock options.

With the launch of this service, Eugene Investment Futures customers can trade options based on individual stocks and exchange-traded funds (ETFs) listed on the U.S. stock exchanges starting from this day. The currently tradable stock option underlying assets consist of 50 popular stocks among domestic investors, including 40 overseas individual stocks such as Tesla, Apple, Amazon, Google, Microsoft, NVIDIA, and 10 ETFs such as SPY, QQQ, IWM, HYG, TQQQ, and SOXL. Eugene Investment Futures plans to gradually increase the number of listed assets considering future market conditions.

The value of one stock option contract is 100 shares of the underlying asset, and the trading hours are from 10:30 PM to 5:00 AM the next day, Korean Standard Time, which corresponds to the regular trading hours of the U.S. stock market. Trading is available through Eugene Investment Futures' Home Trading System (HTS) and Mobile Trading System (MTS).

An option is a derivative product that grants the right to buy or sell an underlying asset such as stocks or indices at a predetermined time and price. The option buyer pays a premium, which is the price of the option contract, to the seller and obtains the right, while the option seller receives the premium but has the obligation to fulfill the contract if the buyer exercises the right.

Additionally, Eugene Investment Futures has developed and is providing free of charge the industry's first "Option Sensitivity Indicator," which shows the sensitivity of option prices to changes in stock prices, volatility, interest rates, and expiration dates to support customers' successful option investments.

Lee Soo-gu, CEO of Eugene Investment Futures, stated, "Due to the simultaneous interest rate hikes by governments worldwide to avoid inflation, domestic and international stock markets have experienced significant price declines, and investor losses have expanded. It is a time when new investment products that can generate profits not only during rising markets but also during falling markets are more necessary than ever."

He added, "As experienced in the Luna and Terra incidents, amid the rising instability of cryptocurrencies, the introduction of U.S. stock options?retail-exclusive products with reliable underlying assets and guaranteed settlement stability, verified in advanced financial markets?into the domestic market is expected to be a refreshing piece of news for individual investors striving to overcome the bear market."

This content was produced with the assistance of AI translation services.