Can I write covered calls or sell naked calls and puts using an Exchange Traded Options (ETO) account?
To write covered calls or sell naked calls and puts you will need to have the appropriate trade level set up on your options account. For more information regarding option trade account levels, see the related support section.
To upgrade the level of your account:
Download and complete the 'Trade Level Upgrade Form'. This form can be located online by navigating Help > Forms & Brochures > Derivatives.
Return the completed forms to us via either of the below:
Email: CommsecDerivatives@cba.com.au
Post: CommSec - Locked Bag 22, AUSTRALIA SQUARE NSW 1215
For information on how to place a trade on your ETO account, see the related support section.
If you are not sure what level your account is, or require further information, please call the CommSec Options Desk on 1800 245 698 (8:00am to 5:30pm, Monday to Friday, Sydney time).
You can view the Exchange Traded Options Product Disclosure and Terms and Conditions, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about these products and services. There can be high levels of risk associated with trading in Options; only investors familiar with the risks of Options trading should consider these products.
