1. What is the difference between stock index futures, stock index options and stocks? The differences are as follows:
The differences between stock index futures, stock index options and stocks are as follows:
Trading objects are different: shares are stock certificates issued by joint-stock companies when they raise capital from investors; Stock index futures are standardized futures contracts with stock price index as the subject matter; Stock index option is an option based on stock index.
Different trading methods: stock trading adopts one-way trading, and investors need to buy a certain number of stocks before they can sell them; Stock index futures use two-way trading, which can be bought first and then sold, or sold first and then bought; Stock index options can not only buy calls and puts, but also sell calls and puts.
1. Different meanings: stock index option refers to the right to buy or sell a certain number of specific stock indexes at some future time. Stock option refers to the right to buy or sell a certain number of specific stocks at some time in the future.
2. The corresponding subject matter is different: the subject matter corresponding to the stock index option is the stock price index. The subject matter corresponding to stock options is ETF spot and stock.
3. Different transaction types: Stock index options are uniformly formulated by the exchange and are divided into call options and put options. Stock options are divided into call options and put options, which can be publicly traded in the securities market.
4. Stock option means that most stock options are opened in securities and securities firms, and the condition for opening an account is that 500,000 funds are verified for 20 trading days and passed the basic audit of the association;
5. Most stock index options are opened in futures brokers: the condition for opening stock index options is that 500,000 funds are verified for 5 trading days and then passed the exam;
Secondly, the target of etf option is ETF listed by securities firms, and the target of stock index option is CSI 300 and SSE 50.
2. Are stock index options the same as stock options?
Stock index options are different from stock options. In fact, to understand both stock index options and stock options, we must first understand the concept of stock options, which is more of an incentive nature. Stock index options tend to be freely traded investment products.
1. The concept of stock options
Stock option refers to the right of the buyer to buy or sell a certain number of related stocks at the agreed price after paying the option fee and before the expiration date stipulated in the contract. Usually, listed companies give senior managers and technical backbones the right to buy common shares of the company at a pre-agreed price within a certain period of time.
The exercise of stock options will increase the owner's equity of the company. That is to say, the holder of stock options directly buys the outstanding shares that are not issued outside the company, that is, directly buys them from the company, not from the secondary market.
2. Understanding of stock index options
It is an option contract with stock index as the exercise variety. The simplest way to understand it is that stock index options judge the rise and fall of stock indexes and only need to pay a certain royalty.
If the judgment is correct, you can sell your rights and get the proceeds of royalties, or exercise your rights to buy stock index futures and get the proceeds of stock index fluctuations after closing the position; Judge the loss of rights.
The most common stock index option is the 50ETF option. As we all know, the 50ETF option is a trading product that can conduct T+0 mode in the secondary market, which can hedge the risk of individual stocks and is a very good choice for stock players and investment enthusiasts.
3. The difference between the two
The biggest difference between stock options and stock index options is that the former can't be bought freely, but can only be distributed by the company to buy circulating stocks that are not issued to the public; The latter can be traded freely in the secondary market.