Supergold trading options
Find out more about the different concession types. Contact us if you need help with this process. Skip to Main Content. Surrey Crescent to Garnet Road Route 2: Richmond Road Route 3: Greenways Route Route 4: What you need to know You will be charged adult fares until your concession has been loaded. You will be required to present your SuperGold card and further identification to apply your SuperGold concession. If you travel before 9am on weekdays adult fares will apply.
In , the Government announced a change to the SuperGold Card with respect to the public transport concession. Auckland Transport is required to comply with this change, which was implemented on 1 July You are now no longer able to use your SuperGold card to travel on public transport in Auckland. SuperGold cardholders that have already loaded a SuperGold public transport concession on a blue AT HOP card can continue to use your cards as you do today and are not required to do anything now.
You'll need to present your ID card on request to prove your eligibility for the SuperGold public transport concession.
This is to ensure the concession is being used by individuals entitled for the benefit. When you do this you are taking on the obligation in the contract i. Writing options is done by using the sell to open order, and you would receive a payment at the time of placing such an order. This is generally riskier than trading through buying and then selling, but there are profits to be made if you know what you are doing.
You would usually place such an order if you believed the relevant underlying security would not move in such a way that the holder would be able to exercise their option for a profit. For example, if you believed that a particular stock was going to either remain static or fall in value, then you could choose to write and sell call options based on that stock. You would be liable to potential losses if the stock did go up in value, but if it failed to do so by the time the options expired you would keep the payment you received for writing them.
Options traders tend to make their profits through the buying, selling, and writing of options rather than ever actually exercising them. However, depending on the strategies you are using and the reasons you have bought certain contracts, there may be occasions when you choose to exercise your options to buy or sell the underlying security. The simple fact that you can potentially make money out of exercising as well as buying and selling them further serves to illustrate just how much flexibility and versatility this form of trading offers.
What really makes trading options such an interesting way to invest is the ability to create options spreads. You can certainly make money trading by buying options and then selling them if you make a profit, but it's the spreads that are the seriously powerful tools in trading. A spread is quite simply when you enter a position on two or more options contracts based on the same underlying security; for example, buying options on a specific stock and also writing contracts on the same stock.
There are many different types of spreads that you can create, and they can be used for many different reasons. Most commonly, they are used to either limit the risk involved with taking a position or reducing the financial outlay required with taking a position. Most options trading strategies involve the use of spreads. Some strategies can be very complicated, but there are also a number of fairly basic strategies that are easy to understand.
You can read more about all the different types of spreads here. There are actually a number of benefits this form of trading offers, plus the versatility that we have referred to above.
It's continuing to grow in popularity, not just with professional traders but also with more casual traders as well. To find out just what it is that makes it so appealing, please read the next page in this section — Why Trade Options?
What is Options Trading? Section Contents Quick Links. What Does Options Trading Involve?