If you are optimistic that the price of 50ETF will rise, you can buy a call option contract. If the 50ETF rises as scheduled, the call option premium will also rise simultaneously, and the middle price difference from low to high is the trading profit. (same direction)
If you are optimistic that the price of 50ETF will fall, you can buy a put option contract. If the 50ETF falls as scheduled, the put option premium will rise. The middle price difference of royalties from low to high is the transaction profit (reverse relationship).
Transaction object: 50ETF contract
The first judgment direction: 50ETF subscription contract and 50ETF put contract.
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Second, how to choose contracts with different performance prices?
Different execution price contracts mean different royalties, assuming that the current price of 50ETF is 2.75 yuan.
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If you choose a subscription or put contract with arbitrary execution price, its linkage relationship with the price of 50ETF remains unchanged, but if you choose a contract with higher royalty, the higher the required purchase amount and the greater the absolute value of volatility. The lower the premium, the smaller the required purchase amount and the smaller the absolute value of the volatility. In other words, deep real value is more like buying the underlying assets directly, while deep imaginary value is more like buying lottery tickets.
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Calculation of funds required for the third procurement contract
Suppose that the quoted premium of a call option contract with an exercise price of 2.80 is 0.0570, because each option contract represents the right to buy and sell 65,438+00,000 50ETF funds in the future, then the premium for purchasing this contract is 0.0570 * 65,438+00000 = 570 yuan.
Suppose a put option contract with an exercise price of 2.65 is quoted at a premium of 0.0 130, because each option contract represents the right to buy and sell 10000 50ETF funds in the future, then the premium for purchasing this contract is 0.0130 *1000 =/kloc-.
Relevant option information can be used to ferry financial options to learn related materials.
Section 4 Calculation of Profit and Loss
If you buy 10 subscription contracts, and the premium quotation is 0.0570, the required capital is 5700 yuan. Suppose the 50ETF price rises at 50 pm, which will drive the subscription contract premium to rise. If investors liquidate the premium contract with the quotation of 0. 1000, will they make a profit?
(0.1000-0.0570) *10 *10000 = 4300 yuan.
If you buy the put contract of 10, the premium is 0.0400, and the required capital is 4000 yuan. Suppose the 50ETF price rises at 50 pm, which will affect the decline of the put contract premium. If the investor closes the contract at a premium of 0.0200, it will lose money:
(0.0400-0.0200) *10 *10000 = 2000 yuan.