Compared with commodity options, the biggest advantage of stock option is that it can hedge the risks brought by stock decline. Commodity options is more like futures. Under normal circumstances, futures companies include all stocks on and off the market and commodity options, while securities companies currently only have a 50etf stock option product, that is, futures companies can open a 50etf option account. Generally speaking, however, investors will choose to open an account at a brokerage firm or a platform that cooperates with a brokerage firm, rather than a futures company or a securities company, because opening an account on a platform needs to meet the following thresholds: individual investors participate in options trading, and the market value of the securities entrusted by them and the available balance of the fund account (excluding securities and funds integrated through margin financing and securities lending) are not less than 500,000 yuan when applying for opening an account. Individual investors also need to be qualified to participate in margin trading or have experience in financial futures trading, or have opened an account in a futures company for more than 6 months and have experience in financial futures trading. Serious bad credit record and risk tolerance. Of course, capable investors choose to open accounts in futures companies or securities companies. After all, it is absolutely formal and safe. Of course, as long as the third-party platform chooses the right platform, there is no problem. Most investment friends will give up opening accounts in securities firms and futures companies because of cumbersome procedures and high threshold requirements. After all, it is much more convenient to choose a reliable and formal option investment platform, and usually you can open an account with one number. Therefore, if you can't reach the threshold for securities companies to open an account, you can also choose a third-party platform to open an account. And if the transaction volume is small, it is more cost-effective to open an account on a third-party platform.
The difference between securities options and securities futures: first, the place where securities futures are traded is the floor market, that is, the stock exchange. Securities options trading can be conducted in the on-market and off-market markets, such as futures exchanges and off-market markets. Second, the rights and obligations of both parties in securities and futures trading are equal; However, the rights and obligations of both parties to the securities option transaction are not equal, which shows that the buyer of the option contract has the right to choose, while the seller of the option contract has no right to choose. Third, the profits and losses and risks of both sides of securities and futures trading may be infinite, such as stock index futures. The higher the stock index rises, the richer the buyer's profit and the greater the seller's loss. On the contrary, the more the stock index falls, the richer the seller's profit and the greater the buyer's loss. However, the loss of the securities option buyer is limited, limited to the option fee, and the profit may be infinite, while the loss of the securities option seller may be infinite, limited to the option fee. Fourth, both sides of the securities and futures trading should pay the margin and settle the accounts in strict accordance with the margin ratio every day to make up for the surplus. In securities option trading, the option seller must pay the deposit, while the option buyer does not pay the deposit and does not have to make settlement every day. Fifth, in order to control the trading risk, the securities and futures trading has stipulated the price limit system, which usually does not exceed plus or minus 10% every day. However, there is no price limit system for securities option trading.