Individual investors need to meet the following conditions when opening an etf option account:
1. In the 20 trading days before the application for opening an account, the total market value and available fund balance of the securities entrusted by the holding securities company shall not be less than RMB 500,000. This does not include funds or liabilities borrowed through margin financing and securities lending, and sufficient funds are needed.
2. The customer must open a Shanghai A-share account in China and keep it in custody for at least 6 months. In addition, customers need to be qualified to participate in the margin financing and securities lending business of corresponding securities companies or other companies, or have experience in financial futures trading. These requirements ensure that customers have sufficient investment and trading experience.
3. Customers need to pass the option knowledge test organized or recognized by the stock exchange, and get a score that meets the requirements of investors at the corresponding level in the test. This is to ensure that customers understand the basic knowledge of options trading.
4. Customers must have the corresponding level of stock option simulation trading records and exercise records to prove that they have certain practical experience in the option market.
5. Customers need to have a corresponding level of risk tolerance to ensure that they can bear the risks related to option trading.
6. The customer shall not have a serious bad credit record, and shall not be affected by laws, administrative regulations, rules and business rules of the exchange prohibiting or restricting stock option trading.
Meeting these conditions is a prerequisite for opening an individual stock option account, so as to ensure that investors have enough knowledge and experience to participate in the option market.
Opening an option account in the business department must meet all the above requirements. If the capital demand is not met, you can choose the option warehouse to open an account. Option positions can meet the basic daily trading needs, including buying and opening positions, selling and closing positions, and can be used as buyers and sellers.
The opening and closing positions of options are the same as futures trading. Buyers can close their positions at any time after opening positions, but the exercise process of options is relatively complicated, and few investors choose to exercise. When the option expires, the buyer can make a profit by closing the position.
For the buyer of the option, the risk is limited. The biggest loss is the premium of options, but the gains are unlimited. For example, if you buy a call option, the corresponding futures contract will rise sharply and the value of the option will increase accordingly.
For the seller of options, the income is limited. The biggest gain is royalties, but the risks are unlimited. If the option is in real value when it expires, the seller will face huge losses.
Therefore, the buyers and sellers of options have a more vivid name. The buyer is called to buy lottery tickets and the seller is called to sell lottery tickets.