Many people may know that option leverage only represents the level of leverage in a short period of time, but if you want to do long-term trading, is this judgment still valid? In fact, for SSE 50ETF options, no matter how long the option is held, its final actual leverage level will generally not exceed the ratio of futures price to option price at the initial stage of opening positions.
The leverage of SSE 50ETF options has the following characteristics:
1. Under the same conditions, as the remaining time decreases, the option leverage will gradually increase. We can also understand that with the decrease of time, the price of options will gradually decrease, so the leverage will increase.
2. The leverage of different contracts is different in different periods. At the beginning of the month, the leverage is relatively small; In the middle and late period, the lever will become larger; By the week of contract delivery, the leverage will be smaller again. At the beginning of the month, the average contract has the largest leverage; In the middle and late period, the virtual value contract has the greatest leverage.
3. With the decrease of remaining time, the leverage change of options will gradually accelerate. This is mainly due to the acceleration of price fluctuation and Delta value change (except deep real value and deep imaginary value) of options approaching maturity.
4. In general, the leverage is about 20 times, which means that 50ETF(5 10050) rises 1%, and the option contract rises by 20%. However, if we combine the remaining time of the contract and cooperate with different flat and virtual contracts, the leverage may be more than 100 times.
For investors who want to invest in SSE 50ETF options, they should focus on the leverage change of options. If you are a long-term investor, you should also pay special attention to the ratio of futures price to option price when opening positions.