1. Are there any restrictions on individual investors' option positions?
50etf options are subject to position restrictions when opening accounts in securities companies. Setting a unified position limit on the exchange is actually a protection mechanism for China's immature financial derivatives market. The position limit of SSE 50etf option is not the same for every investor. Specific requirements and rules are as follows:
1. For investors who open new contract accounts, the right position limit is 20, and the total position limit is 50.
2. For investors whose contract accounts have been opened 1 month and the trading volume of option contracts has reached 100, the limit of their right positions is 1000.
3. The trading volume of option contracts reaches 500, the balance of self-owned assets entrusted by the securities company exceeds 1 10,000, and the right position limit is 2000.
4. Everyone can increase the limit of their purchase amount to no more than 30% of the balance of their own assets entrusted by customers in securities.
Two. Detailed explanation of options trading rules
Option trading hours are 9:30- 1 1:30 and 13:00- 14:57 on trading days, and the market is closed on Sunday.
1. Limit positions. According to the regulations of the exchange, the correct position limit of a single investor is 20, and the total position is 50. Each option contract corresponds to 10000 "50ETF" fund shares, and the contract expires in the current month, the next month and the last two quarters.
2. Time limit: SSE 50ETF options are subject to T+0 trading.
3. Price limit
Formula: daily price limit of option contract = contract pre-settlement price+price limit; Option contract daily price limit = contract pre-settlement price-price limit.
4. Edge
Formula: call option obligation warehouse maintenance margin = [contract settlement price +Max( 12%× contract target closing price-call option imaginary value, 7%× contract target closing price) ]×××× contract unit put option obligation warehouse maintenance margin =Min[ contract settlement price +Max× contract unit.
These trading systems are hidden in the options trading rules, and it is necessary for novices to understand them before participating in trading.
Disclaimer: Some data and information in this article come from public sources, and the contents are for reference only and do not constitute investment consultation. Investment is risky, so be cautious when entering the market.
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