Can I Buy Options Contracts in Fractional Amounts on Pluang?

No — Pluang does not support buying or selling Options contracts in fractional amounts. Every Options order, whether you're opening or closing a position, must be entered as a whole number of contracts: 1, 2, 3, and so on, with 1 contract as the smallest possible unit. You cannot submit an order for 0.5, 1.5, or any other partial contract quantity — the contract quantity field in the Pluang app will not accept a fractional value. This whole-number rule applies identically to calls and puts, to buying (going long) and writing (going short), and to both US Stock Options and US ETF Options, since all trade under the same underlying contract structure. It's also unrelated to fractional share investing: Pluang allows fractional share purchases on US Stocks, but that flexibility does not extend to Options, because each options contract is a fixed, indivisible unit representing 100 shares of the underlying asset — not a directly divisible slice of stock.

• Why contracts can't be split: Options trade as whole, indivisible units because each contract represents a fixed multiplier (100 shares) of the underlying stock or ETF. This is a standard convention across listed options markets, not a Pluang-specific restriction.
• Applies to opening and closing: If you hold multiple contracts, you can close a subset of them (for example, closing 1 out of 3 contracts you own), but the quantity you close still has to be a whole number — you cannot close a fractional slice of a single contract.
• Applies to both directions: The rule is the same whether you're buying (long call or long put) or writing/selling (short call or short put) — there is no exception for either side of the trade.
• Different from fractional shares: Pluang's US Stocks product does support fractional share purchases, but this flexibility does not carry over to Options, since a contract is a derivative unit, not a share you can slice.
• Access prerequisite: Placing any Options order — even the minimum 1-contract order — requires completing Global & Yield Asset Verification first, since Options is only unlocked at that verification tier.

Related questions:

Q: What is the smallest number of contracts I can buy or sell on Pluang?
The smallest tradable unit on Pluang is exactly 1 whole contract — there is no way to enter an order below that. Every additional unit beyond 1 must also be a whole number (2, 3, 4, and so on); the app's order form will reject a fractional quantity like 0.5 or 1.5 contracts. This applies the same way to both US Stock Options and US ETF Options, whether you're opening a new position or adding to one you already hold.

Q: Can I close only part of my Options position if I hold multiple contracts?
Yes — if you hold, say, 3 contracts, you can choose to close 1 or 2 of them and keep the rest open. The amount you close must still be a whole number of contracts; you can't close half of a single contract, only whole contracts within your total position. This gives you flexibility to scale out of a trade gradually while still respecting the same whole-contract rule that applied when you first opened it.

Q: Does the whole-number contract rule apply to writing (selling) Options, not just buying?
Yes, the rule applies equally to both sides. Whether you're buying a call or put (going long) or writing one (going short), every Options order on Pluang must be placed in whole-contract increments starting at 1 — there is no fractional allowance for either direction of the trade. This consistency also carries over to closing a written position: buying it back to close still requires a whole-number quantity that matches however many contracts you originally wrote.

Q: If Pluang allows fractional shares for US Stocks, why not for Options?
Fractional investing works for US Stocks because you're buying a literal slice of one share. An Options contract isn't a share — it's a standardized derivative unit that already represents 100 shares of the underlying, so it trades as one indivisible piece rather than something that can be divided further. Splitting a contract further would mean splitting that 100-share multiplier itself, which isn't how listed options are structured anywhere, not just on Pluang.