Stock options can be traded in two directions, that is, if investors think that the options will rise in the later period, they can do more operations through trading software, and if they think that the options will fall in the later period, they can make short operations through the original transaction.

An investor who opens a stock option account shall meet the following conditions:

1. The total market value of the securities market and the available balance of capital projects (excluding capital and margin financing and securities lending) in the securities company within 20 trading days before the application for account opening shall not be less than RMB 500,000.

2. Investors should have simulated trading experience matching the trading authority they intend to apply for.

3. Having opened an account for 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.

4. It is necessary to pass the exchange option knowledge level test to confirm that it has the knowledge level needed to participate in stock option trading.

5. There is no record of serious dishonesty, and the Exchange has no laws, regulations, rules and business rules to prohibit or restrict stock option trading.

6. Comply with other regulations of the Exchange.

Is the exercise of stock options good or bad?

1. If the listed company's equity incentive plan expires, the equity incentive object will exercise, which will have a certain negative impact on the stock price. Because exercising means that the object of equity incentive must sell shares in exchange for cash in hand, selling shares will increase the number of shares in circulation and reduce cash flow, so it is bad for the stock price.

2. If the SSE 50ETF option contract and the CSI 300ETF option contract are exercised, there will be no impact on the market and stock price. The exercise date of the option contract is the delivery date. According to the trend of stock index delivery date in the past, the delivery date of stock index futures or options generally has little effect on the stock market. On the contrary, stock market volatility has a certain impact on stock index delivery.