short selling and short selling are usually used in stock market investment, and are rarely used in derivatives such as futures or options. For example, investors who are bearish on the market outlook can sell futures contracts and wait for the HSI to make a profit when it falls. We call it "sell futures" and rarely call it "short futures" or "short futures"; If you are bearish on the market outlook, in addition to selling futures, you can also sell short (or short) stocks.
the operation of shorting stocks is to sell stocks at a higher market price, and investors themselves do not have stocks; If he has stocks in hand and sells them, it is not called shorting. After shorting the stock, if the stock price falls, he can buy back the stock at a lower price and close the position to make a profit; On the contrary, it is necessary to buy goods at a higher price to close the position.
In China and Hongkong, it is necessary to make arrangements in advance to short the stocks. If the stocks are not in hand, it will violate the short-selling regulations of the CSRC and is illegal. To sell short correctly, it is necessary to borrow goods from the brokerage firm at interest, and the interest is determined by both parties. The short sellers have to pay at least a deposit of 15% of the market value of the short stocks as collateral. Short-selling stocks is not very common because of the complicated procedures and a lot of costs.
The futures index is a kind of futures, which anticipates the direction of the spot market (Hang Seng Index).
According to general knowledge, the high water in the futures index indicates that the HSI is expected to rise, so the futures index is higher than the HSI.
On the contrary, the low water indicates that the trend of the HSI is getting worse.
However, it must be noted that after the company announces its performance, such as HSBC and Changhe, the futures index will be high and low. Because the futures index has expected the change of the company after deducting dividends.
This month's futures index represents the expected trend of the Hang Seng Index this month, and the transaction is very active, so it is easy to predict because it is relatively recent.
Next month's futures index represents the expected trend of the Hang Seng Index next month, and the transaction is not active, so it is not easy to predict because it is relatively long-term. However, it is roughly the same as the same month.
Futures refers to a zero sum game, in which one party who is optimistic will see the difference. That is to say, one party who wins will lose. The open position contract can be said to be how many forces are bullish and at the same time another force is bearish.
Options are out of the money, at the money and within the price. In the above picture, on the call side, the driving price below 13, is within the price (because the HSI minus the driving price is positive, which means making money), and the driving price above 13, is out of the price (because the HSI minus the driving price is negative, which means there is no money to make, and the settlement is a piece of waste paper). On the put side, the driving price above 13, is within the price (because the driving price minus the constant) On behalf of making tight money), if the driving price is less than 13,, it is out of the price (because the driving price minus the constant index is negative, which means that there is no money to make, and it is also a piece of waste paper when it comes to settlement).
Because the term of this option is only one month, it will expire quickly and the option premium includes the time value, even if the market does not rise or fall much, you will lose the time value = the option premium will shrink, so it is just a good chance to win money when you are a buy option. On the contrary, write option has a high win, but the risk is also extremely high. Simply doing one-sided or two-sided write options is a game to get the chestnut from the fire. Options are ever-changing, which can be used as hedging and hedging. For example, if you buy a futures index, you can buy another put option to cover it for insurance. The trick is to buy it at that driving price and when and where to open the warehouse. You can also call/put at the same time with the same or different driving price or cover it in different months to reduce the risk. Of course, your cost will be higher and your profit will be lower by this method. But it is much safer when there is a * * * movement in the big market.
Some simple option strategies:
saddle
long straddle. Buy one call and one put each with the same exercise price and month. For example, 13 buys one call at 15 points and one put at 496 points. The advantage is that if the market breaks through to any side, you will make money, but you will have money to fall after 15+496=646. Therefore, this strategy is only applicable when the market moves. You can also call if, for example, the market falls first and then rises, then draws the put, and then draws the call. The disadvantage is that if the market moves in a narrow range and then settles at the parity of 13,, you will lose both of them. short straddle: It's the same as long straddle, but instead of buying, you will sell. If you lose at home, you will win. They are long positions with limited losses and only options, earning unlimited profits, but short positions with limited losses and only options.
Strangles
long strangle buy one call and one put in the same month. However, the exercise price of a call is higher than that of a put. For example, you can buy a call at 52 o'clock in 134 and a put at 85 o'clock in 12. The advantage is that you will pay less options, but like the saddle strategy, you will have a chance to make money when the market moves. The disadvantage is that both of them are out-of-price options. The chances of turning waste paper into waste paper are great. Short strand: It's the same as long strand, but you don't buy and sell, which is also the combination made by the most people, because the market often has so many opportunities to rise or fall in a month, unless it is a stock market crash, so there is a certain risk. Long positions lose limited, earning unlimited, and short positions earn limited. Lose indefinitely.
calendar spread
long calender spread: buy a call for next month at the same time and sell a call for the current month at the same time. This strategy will be used if you think that the market will rise for a long time, but because the option for next month is expensive in time value, Therefore, you will use the current month option premium received to reduce the cost. short calender spread: buy a current month call at the same time and sell a next month call at the same time. In order to ensure that the market does not rise, you can collect efficient option premium, and if the market rises, you will buy insurance. This strategy should be careful when unpacking, because if one is due, The other one hasn't expired, so we need to find a second strategy or close the position to keep the interest. Reference: .knowledge.yahoo/question/? qid=767253457 , Someone had an accident in mid-21 after helping the broker of Prestige.
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Someone invested in Loco London gold (spot gold) there.
two brokers named Chen and Lin of that company lobbied them to hand in their passwords to make investments on their behalf,
but it turned out that they had poor investment experience and easily lost all their money.
So you can't trade Loco-London gold (spot gold) by hand!
Later, I was called by a male employee who claimed to be the company not to complain.
I hope that company will strengthen the supervision of brokers. Everyone should be especially careful when investing in London gold/silver (spot gold/silver)!
Don't give your investment account password to anyone!
including your broker.
Because you are responsible for your investment! And ask clearly before investing! Don't be impatient!
even if your broker urges you to make a business decision, stop first and think clearly!
warning message: [the scam stems from greed];
be careful to make financial predators snacks!
beware of the Loco-London gold scam! Short selling and short selling are usually used in stock market investment and are rarely used in derivatives such as futures or options.
For example, if investors are bearish on the market outlook, they can sell futures contracts and wait for the HSI to make a profit when it falls. We call it "sell futures" and rarely call it "short futures" or "short futures"; ,