| Summary: | This study aimed to investigate whether to conduct a transaction of Stock
Option Contracts (KOS) in Indonesia Stock Exchange can still be profitable for
investors. In addition, this study also aims to finding the cause that can make the
Stock Option Contracts (KOS) instrument become less attractive to investors.
To answer these objectives, researchers using the entire transaction data of
Stock Option Contracts (KOS) for a period of 2007 & 2008 as the object of
research. The study was conducted using secondary data in the archives of
Indonesia Stock Exchange, with the underlying assets of PT. Astra International
Indonesia, Tbk (ASII), PT. Bank Central Asia Tbk (BBCA), PT. Indofood Sukses
Makmur Tbk (INDF) and PT. Telekomunikasi Indonesia, Tbk (TLKM). The
sampling technique is using archival data with a purposive sampling method.
The results showed that trading Stock Option Contracts (KOS) on the
Indonesian Stock Exchange has not been able to bring optimum profit to the
investor. With the limitations of published data sources and different trading
mechanisms to stock market that has been better known by the investors increase
the investors� difficulties to get profit in the KOS deal.
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