Investors who want to buy or sell certain basic assets can do so by purchasing option contracts. For example, the earliest listed SSE 50ETF option in China tracks the SSE 50 index. In the future, if you want to buy the SSE 50 Index, you can buy the subscription contract of 50ETF options, and if you want to buy the SSE 50 Index, you can buy the put contract of 50ETF options.
As shown below, left subscription equals bullish, and right bearish equals bearish. In addition to buying 50ETF options, you can also buy 300ETF options, 500ETF options, GEM ETF options and so on.
How to trade options?
Option trading is to judge the ups and downs of contracts. In option trading, there are two main participants, namely the buyer and the seller. The buyer is from option contracts and the seller is from option contracts. There are stock index options, commodity options and stock options that can participate in options trading in China. ETF option is popular and belongs to a kind of stock option. Take 50ETF options as an example to explain how options are traded.
First, the change of market view.
Investors can buy and sell options of 50ETF, 300ETF, 500ETF and science and technology innovation board ETF on the options trading function page. The option trading function page is divided into three core functional areas, including: market display area, data query area and trading area.
You can choose the option target and contract term to switch the list of option contracts, and you can also switch the real-time market display of options by choosing different option contracts.
Second, choose the trading direction.
You can complete the transaction entrustment of this contract through the quick transaction area at the lower left. Transaction entrustment supports buyer's account opening entrustment and seller's account opening entrustment. Note that buyers and sellers open positions in different directions.
Buyer: Buying subscription means bullish, while buying bearish means buying down.
Seller: Selling subscription means bearish, while selling put means bullish.
Third, close the position
The buyer chooses to open the position by buying and close the position by selling.
The seller chooses to open the position by selling and close the position by buying.
Can the knowledge, information, strategies, indicators and learning related to options be achieved? Selective sauce
Four. Matters needing attention in option trading
The trading hours of 1. option trading are the same as those of the Shanghai Stock Exchange, and the opening hours are from 9: 30 am to1:30 am and from 13: 00 pm to 15: 00 pm every Monday to Friday.
2. Option trading is T+0 trading, and the position formed by trading on the same day can be closed on the same day.
3. The trading rules of option trading are basically the same as ordinary trading. The only difference is that option trading currently does not support the existence of limit orders in orders that cannot be closed. If the price limit order can't match the right price when it enters the market, it will be cancelled immediately and will not remain in the order book. Similarly, cancellation of limit orders is not supported for the time being.
Five, options trading portfolio strategy rules are as follows
The spread strategy of bullish bull market consists of call option right warehouse and call option obligation warehouse with the same contract object, the same maturity date and the same contract unit, in which the exercise price of obligation warehouse is higher than that of right warehouse.
The spread strategy of the call energy market consists of a call option right warehouse and a call option obligation warehouse. The two warehouses have the same contract object, the same maturity date and the same contract unit, and the exercise price of the obligation warehouse is lower than that of the right warehouse.
The spread strategy of a bearish bull market consists of a put option right warehouse and a put option obligation warehouse with the same contract object, the same maturity date and the same contract unit, in which the exercise price of the obligation warehouse is higher than that of the right warehouse.
The bearish bear market spread strategy consists of a put option right warehouse and a put option obligation warehouse with the same contract object, the same maturity date and the same contract unit, in which the exercise price of the obligation warehouse is lower than that of the right warehouse.
Cross short strategy consists of call option obligation warehouse and put option obligation warehouse with the same contract object, the same maturity date, the same contract unit and the same exercise price.
The wide-span short strategy consists of a call option obligation warehouse with higher exercise price and a put option obligation warehouse with the same contract subject matter, the same expiration date and the same contract unit with lower exercise price.