Option is a time-limited investment tool and belongs to a derivative tool. Option holders can exercise their right to buy or sell the investment projects represented by options within a certain period of time. Option products traded in China mainland and Hongkong stock markets include Hang Seng Index option contracts.
& ampn bsp Simply put, options can be divided into two categories: (1) call options and (2) put options. Take Hang Seng Index Option as an example. If investors are optimistic about the market outlook and think that the Hang Seng Index will rise, they can buy Hang Seng Index call options. On the contrary, if an investor is bearish on the market prospect, he can buy a Hang Seng Index put option to hedge the downside risk of his stock.
& ampn bsp Hang Seng Index Option Contract is a product of China-Hong Kong Futures Exchange. Usually, some big brokers can buy and sell as long as they are members of the China-Hong Kong Futures Exchange. The HSI option contract is also a leveraged investment tool, which can manipulate assets ten times larger than the principal with a small amount of money. For example, the Hang Seng Index is 15000 points. Suppose investors are optimistic about the market outlook and buy a Hang Seng Index call option with an exercise price of 65,438+05,000 points, with an option premium of 200 points. Calculated by 50 yuan per point, the 200-point option premium is equal to 6,543,800 yuan. A Hang Seng Index option contract, calculated at 15000 points, is equal to 750,000 yuan. In other words, the principal of 654.38 million yuan can control assets 75 times larger. If the Hang Seng Index rises to 16000 points in the afternoon, after deducting the principal of 200 points, investors can earn 800 points, about 40,000 yuan. If the Hang Seng Index falls below 15000 points, investors will only lose 200 points at most, that is, 10000 yuan.
Options are not stock options! There is a difference! But the solutions of the options are all very good:-), options.
Option is a time-limited investment tool and belongs to a derivative tool. Option holders can exercise their right to buy or sell the investment projects represented by options within a certain period of time. Option products traded in China mainland and Hongkong stock markets include Hang Seng Index option contracts.
Simply put, options can be divided into two categories: (1) call options and (2) put options. Take Hang Seng Index Option as an example. If investors are optimistic about the market outlook and think that the Hang Seng Index will rise, they can buy Hang Seng Index call options. On the contrary, if an investor is bearish on the market prospect, he can buy a Hang Seng Index put option to hedge the downside risk of his stock.
The HSI option contract is a product of the China-Hong Kong Futures Exchange. Usually, some big brokers can buy and sell as long as they are members of the China-Hong Kong Futures Exchange. The HSI option contract is also a leveraged investment tool, which can manipulate assets ten times larger than the principal with a small amount of money. For example, the Hang Seng Index is 15000 points. Suppose investors are optimistic about the market outlook and buy a Hang Seng Index call option with an exercise price of 65,438+05,000 points, with an option premium of 200 points. Calculated by 50 yuan per point, the 200-point option premium is equal to 6,543,800 yuan. A Hang Seng Index option contract, calculated at 15000 points, is equal to 750,000 yuan. In other words, the principal of 654.38 million yuan can control assets 75 times larger. If the Hang Seng Index rises to 16000 points in the afternoon, after deducting the principal of 200 points, investors can earn 800 points, about 40,000 yuan. If the Hang Seng Index falls below 15000 points, investors will only lose 200 points at most, that is, 10000 yuan.
Comparison of Hang Seng Index Option Strategies
Market conditions Market conditions Expected profitability Potential losses Potential risks Applicable accounts *
higher level
(rising)
Downward (downward)
( 1)
cattle
city
1. 1) Buy call options
1.2) put option
1.3) Bull market subscribes for cross-price transactions.
1.4) Cross-price buying and selling in bull market
A strong bull market
brisk market
Moderate bull market
Moderate bull market
? Infinite; unbordered
? Only the premium received.
? Limited to the difference between the strike prices of two options, deducting the net premium paid.
? Only the net premium received.
? Only the premium paid.
? Infinite, decreases with the decrease of the value of the assets represented by the option.
? Only the premium paid.
? Limited to the difference between the two options, deducting the net premium.
-
-
-
-
zero
×
zero
zero
cash
rent
rent
rent
(2)
bear
city
2. 1) Buy put options
2.2) Put option
2.3) Cross-price bear market selling
2.4) bear market subscription cross-price transaction
A strong bear market
bear market
Mild bear market
Mild bear market
? Infinite; unbordered
? Only the premium received.
? Limited to the difference between the strike prices of two options, deducting the net premium paid.
? Only the net premium received.
? Only the premium paid.
? Infinite; unbordered
? Only the net premium paid.
? Limited to the difference between the exercise prices of two options, deducting the net premium.
zero
×
zero
zero
-
-
-
-
cash
rent
rent
rent
(3)
wave
move
city
3. 1) Buy saddle combination
3.2) Buy Bundle Combination
Very unstable
Very unstable
? Infinite; unbordered
? Infinite; unbordered
? Limited to the total premium paid.
? Limited to the total premium paid.
-
-
-
-
cash
cash
(4)
cattle
skin
city
4. 1) Sell the saddle combination
4.2) Selling Bundle Combinations
4.3) Ratio Subscription Cross-price Transaction
4.4) Ratio Selling Cross-price Transaction
cowhide
cowhide
Cowhide, but it has the potential to rise.
Cowhide, but it has the potential to decline.
? Only the net premium received.
? Only the net premium received.
? Limited to the difference between the strike price of two options plus the net premium received.
? Limited to the difference between the strike price of two options plus the net premium received.
? Infinite; unbordered
? Infinite; unbordered
? Infinite; unbordered
? Infinite; unbordered
×
×
×
-
×
×
-
×
cash
cash
rent
rent
X unlimited risk ○ finite risk-Not applicable,