How to do OTC stock options? There are many customers who invest in finance, and account managers often hear customers complain about the bad stock market. People who often speculate in stocks are often dissatisfied with the way stocks are traded. Generally, stocks can only be operated in one direction, and they can't buy up and down at the same time. They can only sell high and suck low, so it is difficult to short. The appearance of OTC stock options subverts the traditional stock investment concept and realizes two-way or even multi-party trading. So what about OTC stock options?
How to do OTC stock options? First of all, let's learn what OTC stock options are. OTC stock option refers to the trading of non-standardized financial option contracts in non-centralized trading places. Compared with domestic limited floor options such as 50ETF, OTC options are more flexible in leverage ratio and exercise date due to non-standardization.
How to do OTC stock options? The introduction of OTC option, a financial derivative, has brought some comfort to investors in the A-share market and stimulated their investment enthusiasm. Direct investment in Shanghai and Shenzhen listed stocks, two-way trading. Not only can you buy up, but you can also completely hedge the downside risk by buying put options. The loss is limited, and the profit is unlimited. At the same time, the risk is not increased, and the loss is controlled within the preset range. There is no need to pay interest while amplifying leverage, and there will be no risk of short positions like stock allocation. There are various investment strategies. Even if you don't know the rise and fall of the stock, you should buy both call options and put options. As long as the stock fluctuates sufficiently, you can make profits by using the fluctuation strategy.
Let me tell you an example of off-exchange options for individual stocks first: suppose investors are optimistic about the market trend of Vanke in the next three months and want to establish large positions in Vanke. At this time, after inquiring qualified institutional investors, the cost of Vanke's three-month liquidation call option is 5%. At this time, customers only need to pay the option fee of 50,000 yuan to get the market value of Vanke with a face value of 654.38+00,000 yuan.
1. If Vanke rises to1.20,000 in three months, investors will gain 200,000 through OTC options of individual stocks, and the net income1.50,000 will be reduced by 50,000 due to the commission. Leveraged net profit is 3 times. But if the investor invests 50,000 yuan by himself, he can only earn 1 10,000.
2. If Vanke falls to 800,000 in three months, investors can gain 0 yuan through OTC options of individual stocks. At this time, investors can choose not to exercise their rights, thus losing 50,000 yuan in royalties. If all investors invest their own funds of 6,543,800+0,000, the loss will be 200,000.
In a word, OTC stock option is a right transaction contract and an option.
The seller of OTC equity has only obligations but no rights. On the expiration date of the contract, if the buyer of OTC stock option chooses to exercise his rights, the seller must fulfill his obligations, and the seller will receive royalties as compensation for OTC stock options.
Don't you feel a little dizzy looking at these?
Let me give you another example to make you know more clearly what OTC stock options are.
take for example
For example, in May 1 day, the deposit is 10000 yuan (royalty). 20 times leverage, and the actual working capital is 200,000. It's equivalent to you taking 200 thousand to operate.
Within one month, if the profit is 20%, 20 * 0.2 = 40,000 yuan, excluding the commission of 1000 yuan, you will win a net profit of 30,000 yuan.
Within a month, if the profit is only 2%, 20 * 0.02 = 4,000 yuan, which is equivalent to your loss of 6,000 yuan.
Within a month, if there is a loss, if the loss is 30%, according to the market value, we will lose 20 * 0.3 = 60,000. After the option expires, we can't exercise the right, and the maximum loss of investing in this option will only be 65,438+0,000 yuan. Compared with the floating loss of stocks, this locks in the biggest loss risk.
Is OTC stock option amazing?
The buyer of the right can decide whether to exercise the right according to the market results. In this case, the buyer's loss will always be fixed in a range, that is, the biggest loss is royalties, but the future income is unlimited. Is this good for buyers? Do you choose to use OTC stock options to bid farewell to stock trading quilt cover?
At present, there are two kinds of OTC options in the market:
One: institutions only serve as channel service providers, and individual investors only indirectly participate in the stock forward option business with brokers through institutional channels. Brokers can give institutions a transaction confirmation form, and institutions can give customers a transaction confirmation form.
The second category: in the name of cooperation with securities firms, the actual institutions directly gamble with individual investors, and the transactions of individual investors do not really enter the market.
The way to distinguish the two is:
1. Is there an initial fee deposit? Off-exchange options of individual stocks are legitimate products, and institutions only serve as channel service providers and do not bear the risk of profit and loss. So what is the purpose of charging a high initial fee deposit? The money earned by individual investors is handled by brokers as a right, and has nothing to do with institutions. Therefore, those who ask for the initial deposit fee should consider the reasons.
2. Whether to give ultra-high conditions: to compete in the market through high conditions, the profit of a single OTC option comes from royalties. Royalties are obtained through the inquiry of brokers, and most of the royalties are the profits of brokers. The institution only adds an appropriate proportion on the basis of the quotation of the brokerage firm. If you can give too many conditions higher than the market, there is no doubt that the institution is betting on personal investment. Such institutions have a short life cycle. The premium of 40,000 OTC options can buy the stock market value of 1 10,000 nominal principal. If the underlying securities increase by 20%, it means that the customer has earned 200,000 yuan, while the underlying securities have fallen by 20%, and the biggest loss is the premium of 40,000 yuan. Do you think gambling is risky with such a profit-loss ratio? Therefore, in the stock option market, institutions give high conditions and bet with customers. The first thing to consider is whether institutions can pay for profits. This is the first risk. Second, you should consider policy risks. If a person invests, he asks if the confirmation form of the brokerage firm can really be given, instead of the previous one, he must have the confirmation form of the brokerage firm and finally face himself.