We wanted to make trading light options more accessible to traders around the globe. For many professional traders and whales, a $100 contract is no big deal. But, for a majority of global traders, or those new to derivatives, $100 can be quite expensive. By changing the contract size to $10, people can try out our platform and their strategies with lower exposure. Of course, if you still want size, you can trad as many contracts as you like.
All Light Option contracts are now settled at $10. Premiums range from $0.01 to $9.99. This small change in scale will make trading Light Options accessible to more people, and easier for beginner to test their trading skills.