Kiwoom Securities "Up to $50 Support for First US Stock Options Trade"

Kiwoom Securities announced on the 4th that it will hold an event for about 8 weeks until the 31st of next month, offering up to $50 to customers trading U.S. stock options for the first time.

원본보기 아이콘

During the event period, support funds will be provided to the first 2,000 investors who have no prior U.S. stock options transaction history. Customers making their first U.S. stock options trade will receive $30 credited to their account immediately upon event application, which can be used to trade U.S. stock options. An additional $20 will be provided after trading for more than 5 days. Unused amounts will be automatically reclaimed 30 calendar days after the application date.

U.S. stock options are derivatives that allow trading the right (option) to buy or sell U.S. stocks at a specific price (strike price) until the expiration date. Both upward and downward investments are possible. One contract grants the right to acquire 100 shares of the underlying U.S. stock or U.S.-listed exchange-traded fund (ETF), with only the premium paid, providing a leverage effect. If a decline in the held U.S. stock is expected, purchasing a put option can reduce the risk of price drops.

In addition to this event offering up to $50 for the first U.S. stock options trade, Kiwoom Securities is conducting various events for U.S. stock options customers, including an event offering up to 1 million KRW for U.S. stock options trading and a $1 commission event for U.S. stock options.

Detailed information about the U.S. stock options event and trading can be found on the Kiwoom Securities website or at Kiwoom Financial Centers.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.