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KembaraXtra – Islamic Derivatives: Which Is More Profitable — Call Option or Put Option?


🔹 Short Answer
 
👉 Neither is always more profitable.
It depends on how the market moves.


🔹 Key Idea You Need to Fix
 
You said:
 
“Call option only buy at strike price”
 
⚠️ Actually:
  • Call option → buy at strike price, then you can sell at market price
  • Put option → buy at market price, then sell at strike price
 
👉 Both involve buying and selling, just in different order.


🔹 When Call Option Is More Profitable 📈
 
Use a call option when you expect price to go up.
 
Example:
  • Strike = RM4,000
  • Price rises to RM4,500
 
👉 Profit = RM500 − premium
 
Big price increase → high profit


🔹 When Put Option Is More Profitable 📉
 
Use a put option when you expect price to go down.
 
Example:
  • Strike = RM4,000
  • Price drops to RM3,500
 
👉 Profit = RM500 − premium
 
Big price decrease → high profit


🔹 Important Comparison
  • Call option profits from price increase
  • Put option profits from price decrease
 
👉 Profit depends on:
  • How much price moves
  • Direction of movement


🔹 Which One Gives More Profit?
 
👉 They can give the same profit if price moves equally.
 
Example:
  • Price goes up RM500 → call profit = RM500
  • Price goes down RM500 → put profit = RM500
 
So they are symmetrical


🔹 The Real Difference
  • Call → bullish (expect price ↑)
  • Put → bearish (expect price ↓)
 
👉 The “more profitable” one is simply the one that matches market direction


🔹 Simple Summary
  • No option is always better
  • Call = profit when price goes up 📈
  • Put = profit when price goes down 📉
  • Profit depends on correct prediction, not type
 

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