Timing of use: The futures market is stimulated by the bullish theme, and the bullish momentum is like a rainbow. It is expected that there will be a big increase in the future;

Operation mode: buy call options;

Maximum profit: unlimited, the more the futures price rises, the greater the profit;

Maximum loss: royalties;

Break-even point: execution price+royalty;

Security deposit: unpaid;

For example, the futures price of Hang Seng Index is 18000 points. An investor is very optimistic about the outlook of Hang Seng Index futures. He bought a Hang Seng Index call option with an exercise price of 18200 and paid 422 yuan. The breakeven point is 18622. If 10 days later, the futures price of Hang Seng Index rises to 19000, and the call option rises to 950. Investors sell their positions and make a profit.

2. Expect to fall and buy put options.

Timing of use: the futures market is hit by bad news or technically empty, and it is expected that there will be a big decline in the market outlook;

Operation mode: buy put options;

Maximum profit: unlimited, the more futures prices fall, the greater the profit;

Maximum loss: royalties;

Break-even point: execution price-royalty;

Security deposit: unpaid;

For example, the futures price of Hang Seng Index is 18000 points. An investor is very bearish on the futures market of Hang Seng Index, and buys a Hang Seng Index put option with the exercise price of 17600 points, and spends 330 points of premium. The breakeven point is 17270. If after 10, the futures price of Hang Seng Index drops to 17000, and the put option rises to 770. Investors sold positions and made a profit of 440 points.