1. How much is the soybean meal option?
There are two kinds of soybean meal option fees: transaction fees and exercise (performance) fees. The transaction fee refers to the fee payable for trading options every day. Exercise (performance) fee refers to the fee for the option buyer (seller) to convert the option position into future positions after exercise (performance). The option fee cannot be too low. From the perspective of market cultivation, the option fee should not be too high. According to international practice and investor's cost-benefit ratio, the transaction fee standard is 1 yuan/hand (intraday trading is consistent with non-intraday trading), and the exercise (performance) fee standard is 1 yuan/hand, which is consistent with the transaction fee standard. In the initial stage of listing options, the primary goal is to run smoothly. In the future, we will further optimize the handling fee measures according to the actual market situation and the handling fee management experience of international exchanges.
2. What is the exercise method of soybean meal option?
As for the exercise mode of soybean meal option, the exercise mode of soybean meal option of Dashang Institute is American. The current option system is designed for customers, who can apply for exercise every trading day before and after the expiration date of the contract. The exercise of options must be applied by the buyer's customers or members, otherwise the regulations cannot be implemented. At the same time, the method of automatically applying for exercising real options is adopted. On the expiration date of the option contract, the Exchange will automatically submit the exercise application for the option position with the actual value greater than zero, unless its buyer, customer or member cancels the automatic exercise application on the expiration date. In the international futures option market, most exchanges automatically exercise real options and buyers can apply for disqualification.
As can be seen from the above, the soybean meal option should be decided according to the fluctuation of the amount. In addition, we should also pay attention to the exercise method of soybean meal option to prevent the amount of money from rising too much, resulting in loss of interests. Now the soybean meal option is basically running smoothly.