An option is a contract in which both parties buy and sell their rights in the future. As far as stock options are concerned, the buyer (obligee) of options obtains a right by paying a certain fee (royalty) to the seller (obligor), that is, the right to buy or sell a certain number of stocks or ETFs from the option seller at an agreed time and price. Of course, the buyer (obligee) can also choose to give up exercising his rights. If the buyer decides to exercise his rights, the seller is obliged to cooperate.

1, stock option account opening process

(1) Bring the original ID card and bank card to the futures company; (2) The futures company handles the account opening procedures for stock index options; (3) basic knowledge training and testing qualified; (four) verification of funds and other materials; (5) The code application is approved.

2. Open conditions for individual investors' stock options

(1) The market value of the securities entrusted by the option operating institution when applying for opening an account and the available balance of the fund account (excluding the securities and funds integrated through margin financing and securities lending), totaling not less than RMB 500,000; (2) Having been trading in a securities company for more than 6 months, and having the qualification to participate in margin trading or financial futures trading experience; Or have opened an account with a futures company for more than 6 months and have experience in financial futures trading; (3) Having basic knowledge of options and passing relevant tests recognized by this Exchange; (4) Having experience in simulated trading of options recognized by this Exchange; (5) Having corresponding risk tolerance; (6) There is no serious bad credit record, and options trading is prohibited or restricted by laws, regulations, rules and the business rules of this Exchange; (7) Individual investors participating in option trading shall make a comprehensive evaluation of the appropriateness of option investors organized by the option management institution.

3. Conditions for opening stock options to institutional investors

(1) The market value of the securities entrusted by the option operating institution when applying for opening an account and the available balance of the fund account (excluding the securities and funds integrated through margin financing and securities lending), with a total of not less than RMB 1 10,000 yuan; (2) Its net assets are not less than RMB 6,543,800+0,000; (3) Relevant business personnel have basic knowledge of options and have passed relevant tests recognized by this Exchange; (4) Relevant business personnel have experience in simulated trading of options recognized by this Exchange; (5) There is no serious bad credit record, and options trading is prohibited or restricted by laws, regulations, rules and the business rules of this Exchange; (6) Other conditions as prescribed.