How Many Types of Options Are Available on Pluang?

Pluang offers two types of options contracts — Call options and Put options — each available across multiple expiration dates and a wide range of eligible US stocks and ETFs. A Call option gives the holder the right (not the obligation) to buy the underlying stock or ETF at a set strike price before the contract expires, while a Put option gives the right to sell at a set strike price before expiry. Both contract types on Pluang are American-style, meaning they can be exercised at any point before expiry, not only on the expiry date itself. Traders can take either side of a contract — going long (buying) a Call or Put, or taking the short (selling) side of either — once their account has completed Global & Yield Asset Verification, the KYC tier required for US market access. The list of underlying stocks and ETFs eligible for options trading is not fixed and may expand as Pluang continues to grow the product.

Call vs. Put, at a glance:

• Call option — the right to buy the underlying stock or ETF at the strike price before expiry. Buyers use Calls when they expect the price to rise; sellers (writers) collect a premium in exchange for the obligation to sell if assigned.
• Put option — the right to sell the underlying stock or ETF at the strike price before expiry. Buyers use Puts when they expect the price to fall or want to hedge an existing holding; sellers collect a premium in exchange for the obligation to buy if assigned.
• Strike and expiry choices — each Call or Put is listed with its own set of available strike prices and expiration dates, so a single underlying stock or ETF can have many separate contracts to choose from.
• Exercise style — because Pluang's options are American-style, assignment risk on a short position exists from the day the contract is opened through to expiry, not only on the expiry date.

Related questions:

Q: What's the difference between a Call option and a Put option?
A Call option gives the holder the right to buy the underlying stock or ETF at the strike price before expiry, typically used when the trader expects the price to rise. A Put option gives the right to sell at the strike price before expiry, typically used when the trader expects the price to fall or wants to hedge an existing holding. Both can be bought (long) or sold (short) on Pluang.

Q: Can I trade options on ETFs as well as individual stocks?
Yes. Pluang's options product covers both US Stock Options and US ETF Options — Call and Put contracts are available on eligible ETFs in addition to individual company stocks. Both fall under the same PT PG Berjangka license and OJK oversight, so account requirements, order flow, and contract mechanics are identical whether the underlying asset is a stock or an ETF. The specific stocks and ETFs available for options trading are listed inside the app and may change as Pluang expands the product.

Q: What do I need to verify before I can trade options on Pluang?
Options trading requires completing Global & Yield Asset Verification, the KYC tier Pluang uses to unlock US market access. This is the same verification tier required for US Stocks & ETFs, and it must be approved before an account can place any Call or Put order. Users who have already completed Global & Yield Asset Verification for US Stocks do not need to verify again separately for options — access to both products is granted together once this tier is approved.

Q: Are Pluang's Call and Put options American-style or European-style?
Pluang's options are American-style, meaning a Call or Put can be exercised at any time before its expiry date, not only on the expiry date itself. This matters most for sellers (writers): a short Call or Put can be assigned early, before expiry, whenever the holder on the other side chooses to exercise. Buyers are not required to exercise early and can instead close their position by selling it back before expiry.

Q: Will Pluang add more types of options contracts in the future?
It's possible. Pluang currently offers Call and Put contracts across a wide range of eligible US stocks and ETFs, and the list of underlying assets available for options trading has grown since launch. Any expansion — to more underlying stocks and ETFs or to additional contract features — would appear first inside the app's options trading screen, so traders should check the app directly for the most current list.