Stock index futures are first of all a kind of futures. Different from commodity futures, its subject matter is the stock price index. At present, China's futures index is the Shanghai and Shenzhen 300 Index. For example, the current contract of 1008 closed at 2837 points. If you buy (do) one hand, the current contract multiplier is tentatively set at 300.
Yuan/point, then Shanghai and Shenzhen.
300
The value of the index futures contract is 2837 points * 300.
Yuan/point = 85 1
100
Yuan. But in fact, it doesn't need to spend that much money, just pay the initial deposit, and then decide whether to add the deposit according to the fluctuation. If the Shanghai and Shenzhen 300 Index rises to 3,000 points after maturity, you will earn 48,900 yuan, and the investment amount is only about 15000 (1008).
The deposit ratio of 1009 is 18%, compared with 15% in the previous two periods), so the yield is relatively high.
Stock index option is the financial option of the underlying stock index futures. For example, if you spend 500 yuan to buy a stock index option at 3,000 points, after the expiration, if the stock index rises to 3 100 points, you can buy it at 3,000 points and sell it at 3 100 points to earn 100 points. If the index is only 2,900 after the expiration, you will choose to lose the right and lose 500 yuan.