Swing Trading: Futures vs Options Hi. I'm thinking of holding my postions a bit longer (eg a few days to several weeks) to improve my trade, so I would like to involve in some swing or short-term position trading. Which instrument, future or option, is better for a swing trader? My criteria are based on risks, rewards & capital utilization. I trade Hong Kong Hang Seng Index. The market opens only in the morning (session 1) and early afternoon (session 2). There's always an opening gap each day. Future: - tight spread(eg 1-2pips) - require margin - unlimited risks but you can always control your risks by stop orders - more rewards since every pip you gain will get into your pocket Options: - wider spread(eg can be about 10 pips wide ocassionally) - require margin only if you sell call/put - max. risk is fixed for call/put buyer - you need to pay premium, so you can only gain after your gain can offset your premium Any advice? Note: Even if you know nothing about Hong Kong Hang Seng Index, you can still give advice based on your general knowledge about futures and options. Thank you!