The trading direction of SSE 50ETF options can be divided into subscribing to the bullish SSE 50 index and bearish SSE 50 index. A simple understanding is that SSE 50 buys subscription contracts when it is bullish, and SSE 50 buys bearish contracts when it is bearish.
When the bought contract is profitable, you can close the position and sell it for profit. Trading methods are similar to stocks, but there are more options for bearish.
The emergence of options gives investors more choices, and institutional investors can use more investment strategies accordingly. For individuals, 50ETF options will also bring a lot of convenience. Especially for investors who are optimistic about Huaxia 50ETF for a long time, 50ETF options can be used as insurance, which can not only reduce the buying cost, but also increase the holding income.
For example, holding 65438+ Wanxia 50 ETF, investors can buy put options if they think that the short-term 50 ETF is likely to fall. If the maturity price does fall, investors can exercise the right to lock in the return.
The option has a cost. If the stock price rises, investors will be unable to exercise their rights and lose a small amount of option premium.
Suppose the current price of Huaxia SSE 50ETF is 2.524 yuan, if investors want to buy Huaxia 50 ETF at a lower price, such as 2.4 yuan; Then you can choose to sell an Huaxia 50ETF put warrant with the exercise price of 2.4 yuan.
If the 50-term ETF is above 2.4 yuan, it does not have the rights of the People's Bank of China, but it can earn a lot of royalties. However, if the 50ETF falls below 2.4 yuan, the put warrant holder will exercise the right to sell the ETF to investors, so that investors can buy the Huaxia 50ETF at the expected cost, and the actual cost is lower because of the existence of royalty.
This strategy is suitable for the stage when the market is sideways. For example, investors who hold 50ETF, but think that there is a high probability of consolidation or decline in the future, can sell call options with exercise price higher than the current price to obtain royalties. However, the risk of doing so is that if the rise is very sharp, investors may need to use the spot to fulfill the expired contract, and the income will be limited.
From a practical point of view, options can also be small and large, such as directional long-short leveraged trading. It is suggested that when trading SSE 50ETF options, we should learn and understand the risks related to options.
Selective sauce
Ways and means of buying and selling 50ETF options correctly
0 1 distinction between buyers and sellers.
If it is a big rise, buy call options and buy virtual call options.
If it is a big drop, buy put options and buy virtual put options.
If it is a small increase, sell the put option and choose to close the put option.
If it is a small decline, sell the call option and choose to close the call option.
The use of buyers and sellers is different, that is, if it is a trend market, use the buyer, if it is not a trend market, use the seller. If the market rises sharply, the buyer will be used for the big drop and the seller for the small drop. Because if it is a small rise and fall, being a buyer will slowly lose time value. Maybe if you have a clear direction, you won't make any money because you have lost some time value. If I use the seller, I earn the direction and time value.
Want to be small and wide, pursue high returns, use the buyer; If you want to be big and small, and pursue stable returns, use sellers. Therefore, buyers and sellers should use it differently.
The pain point of buyers is the loss of time value.
As a buyer of options, it is losing time value while doing more intrinsic value. The seller of the option earns the time value while shorting the intrinsic value.
When the market is still, the buyer will lose time value, the seller will earn time value, and the buyer's pain point is to lose time value.
Don't put all your eggs in one basket.
We all know that options can be small and big, and their power is very great, but we don't need to smash all the assets at once, brush them and get rich overnight.
If the bet is right, that's good. If you are wrong, there will be no chance in the future. Whether it is a bull market or a bear market, it's none of your business.
Therefore, the high leverage and asymmetric profit and loss of options make it unnecessary for us to buy all the funds at once.
The buyer who uses the option doubles the loss, but the profit can be countless times.
The correct way is to buy in batches.
For example, if you have 654.38 million assets, then you can divide it into five or ten shares, one for entering the market and one for doing. Even if the first one goes in, it's okay to lose it. I'll go in again, and the second one will be fine if I lose it. If the third direction is correct, you may earn three times, five times and ten times.
This is how option buyers manage their positions, buying in batches, one or two at a time, always keeping bullets and ready to fight.
Hold your hand.
Options are different from stocks and futures. Option price = intrinsic value+time value. It always has a part of time value here, and this part of time value will be slowly consumed with the passage of time. If it stays still, the time value in it will be lost.
As a buyer of options, don't keep buying and selling. If there is a trend, we will use the buyer. If there is no trend, we will not be buyers, or have a rest, or make a little money with the seller.
If there is no trend market, you must control your hands and avoid the loss handling fee, because if you keep doing T+0, the handling fee will be quite expensive, and if you buy some cheap contracts, the handling fee will be much higher.
In short, stop, one is to avoid the loss of time value, and the other is to avoid the loss of handling fees.
I clenched my fist and hit hard. When the trend is in the market, I punch, hit it and run, waiting for the next trend.
Now there are more and more kinds of options, such as 50ETF options, soybean meal options and sugar options. Do it if there is a trend, do it if there is no trend, or do it in another way.
For individual investors, there are more varieties and more choices.
The best way to trade is to suit yourself.
There are many options trading strategies, including directional trading strategy, fluctuation trading strategy, time trading strategy and trend market. You can also do intraday T+0 band operation, similar to futures. With so many methods, you must find the one that suits you.
For example, if you are good at making trends, then go in and make trends. Don't do it when there is no trend.
If you are good at intraday trading, follow the method of intraday trading. You can refer to some trend analysis methods in stocks and futures, combine your own reality, or learn from the methods of predecessors, and then combine the methods of predecessors with your own, find out the method that suits you, do your best trading, and earn your own money.
Finally, the most important trading rules of SSE 50ETF options.
1. Basic information
Subject matter of the contract: SSE 50 Trading Open Index Securities Investment Fund (50ETF)
Contract type: call option and put option
Contract unit: 10000 copies. If there is any adjustment, it shall be implemented according to the regulations of the exchange.
Contract expiration month: the current month, the next month and the next two quarters.
Exercise price: 5 (1 equivalent contract, 2 imaginary contracts and 2 real contracts)
Distance of exercise price: 3 yuan and below 0.05 yuan, 3 yuan to 5 yuan (inclusive) 0. 1 yuan, 5 yuan to 10 yuan (inclusive) 0.25 yuan, 20 yuan (inclusive) 0.5 yuan and 20 yuan to 50 yuan (inclusive) 1 yuan.
Exercise method: Exercise on maturity date (European)
Mode of delivery: physical delivery (unless otherwise stipulated by commercial rules)
Expiration date: the fourth Wednesday of the expiration month (postponed in case of legal holidays).
Exercise date: the same as the expiration date of the contract, and the submission time of exercise instruction is 9: 15-9: 25, 9: 30-1:30, 13: 00- 15: 30.
Settlement date: a trading day after the exercise date.
Trading time: 9: 00 a.m.15-9: 25 a.m. (opening call auction time). 9: 30pm-11:30pm,13: 00pm-15: 00pm (last three minutes in call auction).
Entrustment types: general quota entrustment, market surplus to quota entrustment, market surplus cancellation entrustment, full real-time quota entrustment, full real-time market entrustment and other entrustment types specified in business rules.
Transaction types: buying and selling positions, selling positions, buying positions, covering positions and other transaction types stipulated by business rules.
Minimum quotation unit: 0.000 1 yuan.
Reporting unit: 65,438+0 or its integral multiple, the market order is 65,438+00, and the upper limit of the limit order is 30.