How to trade US options in Australia
Select the section that best matches where you are in your options journey.

Learn how to trade options in three easy steps.
Make US options part of your investment strategy with advanced tools designed to help you analyse, plan and trade with confidence.
Visualise potential profit and loss by adjusting strike prices and expiry. Use the interactive chart to identify the option chain that best fits your strategy.
Review up to 12 past earnings cycles to estimate potential price movements and plan options strategies around upcoming earnings announcements.
Track real-time implied volatility (IV), historical volatility (HV), and IV rank with interactive charts and percentile rankings to help spot under- or over-priced options.
Estimate theoretical option prices instantly to better understand fair value before placing a trade.

Get real-time insights and guidance from experienced market professionals on the moomoo community. Learn how they analyse markets, manage risk, and approach options trading alongside a global community of investors.

Prefer learning face-to-face? Visit our moomoo store and get personalised guidance from our team. Book a 1-on-1 in-person session now

Test your strategies and build confidence with $1,000,000 in virtual capital in moomoo’s paper trading environment.
*Simulated trading does not necessarily reflect real market conditions.
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Options trading can be complex and carries inherent risks, so it may not be suitable for all beginners. However, with education, an understanding of options trading, and its risks, beginners can start learning to reap the unique benefits of options. It's crucial for novice options traders to first understand the basic concepts such as terminologies, strategies, and associated risks. Additionally, beginners should utilise the paper trading function to practice options trading before committing real capital. Seeking guidance from reputable educational resources, mentors, or financial advisors can also be beneficial.
Navigate to the "Discover" tab in the mobile app or desktop platform and select the "Papertrade" module. Note that options paper trading is only available for "US Markets".
We have two different fee plans: Fixed plan at US$0.5 per contract, regardless of trading volume; Tiered plan from US$0.35-0.65 per contract, depending on total number of contracts traded per month. If you trade options less often, the fixed pricing plan may be more cost-effective. View the full moomoo pricing details for more information.
Benefits:
Options trading can offer significant advantages, including built-in leverage with smaller upfront investment, income generation through selling and other net-credit strategies, and hedging against falls. Options can also be used for both bullish and bearish speculation, as well as market-neutral speculation on volatility.
Risks:
Options trading presents several disadvantages, primarily due to its complexity, making it less suitable for inexperienced traders who lack significant market insight. The advanced nature of options requires a deep understanding of market dynamics and risk management strategies to avoid impactful losses. Inexperienced investors may be tempted by the potential for quick profits without fully grasping the implications of their trades, leading to substantial losses. Options also carry the risk of becoming worthless, especially if they expire out of the money, potentially resulting in significant financial loss. Certain options trading strategies may expose traders to unlimited losses, emphasizing the need for a thorough understanding of risk-return profiles.