Option account opening process and conditions

I. Concept

Opening an option account means that an investor creates an account specially used for option trading in the option market.

Second, the conditions for opening an account

1. investment experience: having opened an account with a securities company or a futures company for more than 6 months, or having experience in margin trading or financial futures trading.

2. Simulated trading experience: Have simulated trading experience of options recognized by Shenzhen Stock Exchange.

3. Option knowledge test: Pass the relevant knowledge test recognized by Shenzhen Stock Exchange, and prove that you have a certain understanding of option trading.

4. Asset requirements: The daily assets of the securities account and the capital account shall not be less than RMB500,000 20 trading days before the application for account opening, except for margin financing and securities lending.

5. Risk tolerance: Have corresponding risk tolerance to deal with risks in option trading.

6. Integrity record: there is no serious bad integrity record, and options trading is not prohibited or restricted by laws, regulations and exchange rules.

Third, the account opening process

1. Identification: Bring your ID card and relevant documents, and submit an account opening application to a brokerage firm or online.

2. Suitability assessment: Complete the investor suitability assessment and show your financial knowledge and trading experience.

3. Knowledge test: pass the option knowledge test recognized by the exchange to ensure that you have the necessary knowledge.

4. Simulated trading: Participate in simulated trading of options to meet the trading experience requirements stipulated by the Exchange.

5. Signing agreements: signing agreements related to options trading, including risk disclosure and special risk disclosure of options trading.

6. Deposit and start trading: Once the account is opened successfully, you can deposit money into the account and start trading options.

In addition to opening an option account through a broker, you can also choose an option platform. Option accounts registered in different warehouses are to divide the parent account into several sub-accounts for independent option trading. This split account opening is usually suitable for specific options, such as SSE 50ETF option, CSI 300ETF option, CSI 500ETF option, Kechuang 50ETF option, etc.

Opening an option account is an important step, and you need to meet certain conditions and understand relevant regulations before you can trade in the option market.

If you want to understand 50ETF options more easily, start with the key words of SSE 50 index, constituent stocks and ETF. 50ETF options track these key words.

0 1, SSE 50 Index

SSE 50 Index, compiled by Shanghai Stock Exchange, is the most representative sample stock among the 50 stocks in Shanghai Stock Exchange, reflecting the overall market situation. The index is referred to as SSE 50 for short, with the code of 0000 16 and the benchmark date of 65438+February 3, 20031.

02. 50 constituent stocks of Shanghai Stock Exchange

It can be found in the quotation software of major brokers.

China Ping An, Minsheng Bank, China Merchants Bank, CITIC Securities, Haitong Securities, Industrial Bank, Shanghai Pudong Development Bank, China Construction, Bank of Communications, China Pacific Insurance, China Bank, China Agricultural Bank, Yili, Kweichow Moutai, etc. 50 blue-chip stocks, of which the top ten stocks account for more than 50% of the index weight.

Paying attention to the trend changes of major constituent stocks can be used as an important basis for the rise and fall of the SSE 50 index to some extent.

03、ETF

It is known as a revolutionary investment product, exchangetraded funds, and a transactional open index fund, also known as exchange traded funds.

04. SSE 50ETF

SSE 50ETF is one of the most representative blue-chip indexes in Shanghai Stock Exchange. The investment objective of SSE 50ETF is to closely track SSE 50 index and minimize tracking deviation and tracking error. The code is 5 10050.

05. SSE 50ETF option

SSE 50ETF option is a financial derivative, which allows you to obtain the right and contract to buy or sell SSE 50ETF index fund at a specific price at a specific time in the future after paying a certain royalty. After the expiration, you can choose to exercise this right and get the difference income from it. If it is inconsistent with the expected market, you can choose not to exercise this right, but you will lose the royalties you paid. Option trading can provide investors with opportunities to gain income or hedge risks in market fluctuations.

50 trading methods of 50ETF options

There are four main options trading methods: buy call options, buy put options, sell call options and sell put options. This paper only introduces two ways: buying call options and buying put options.

1. Option

When the SSE 50ETF is expected to rise and the range is uncertain, but you don't want to bear the losses caused by the decline, you can buy call options. Take buying 50ETF to buy July 2900 contract as an example:

The current price of 5 10050 is 2.943 yuan, the monthly contract price of 50ETF is 0.0705 yuan, and the contract cost is 705 yuan. If the price of 5 10050 is higher than 2.9705 when it expires on July 24, it will be profitable, otherwise it will be a loss, and the maximum loss amount will be 705 yuan.

2. Buy put options

When the SSE 50ETF is expected to fall, and the range is uncertain, but you don't want the losses caused by the rise, you can buy put options. Take buying 50ETF and selling July 2950 contract as an example:

The current price of 5 10050 is 2.943 yuan, the contract price of 50ETF selling July 2950 is 0.0470 yuan, and the cost of buying the contract is 470 yuan. If the price of 5 10050 is lower than 2.903 when it expires on July 24th, it is a profit, otherwise it is a loss, and the maximum loss amount is 470 yuan.