In general,most Australian exchange-traded options have no protection against dividends.

Name: In general,most Australian exchange-traded options have no protection against dividends.
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Dividend effects are important where the option has no protection against dividends.This is the case for most exchange-traded options,including Australian exchange-traded options.On the ex-dividend date,the underlying asset price will fall by approximately the dividend amount.

In General,most Australian Exchange-Traded Options Have No Protection Against Dividends