Shinhan Investment Corp. noted on the 18th that it provides a service called 'U.S. stock options' based on U.S. stocks.
U.S. stock options are overseas derivative products that trade the rights to buy (call options) and sell (put options) individual stocks based on whether they rise or fall. The service is provided for 50 major U.S. stocks, including Tesla, Nvidia, Apple, and Palantir. The target stocks will gradually be expanded.
Shinhan Investment Corp. stated, "Not only overseas derivative transaction customers but also overseas stock investors can utilize the characteristics of option products to devise various strategies or use them as a hedge against risk."
Existing Shinhan Investment Corp. account holders can register products and apply for market quotes after completing the required steps on their accounts, and they can transact using the Shinhan SOL securities app or Shinhan iGX (HTS). The company mentioned that to celebrate the service launch, it will provide real-time quotes for free until June.
Han Il-hyun, head of the platform business division at Shinhan Investment Corp., said, "U.S. stock options allow investment in both rising and falling markets, enabling revenue-generating strategies utilizing put options even in volatile markets," and added, "We will work to enhance transaction convenience by expanding the transaction items and establishing an easy investment process."