1, the specified number of warrants.
The single declared quantity does not exceed 6,543,800+0,000, and the minimum change unit of declared price is 0.00 1 RMB. The number of call warrants is an integer multiple of 100, which means that the minimum number of investors to buy each time should be 100 or an integer multiple of 100. There is no limit to the number of warrants for sale. The warrants held by investors below 100, such as 99 warrants, can also be declared for sale.
2. Commissions and fees for warrant transactions
The commission and handling fee for warrant trading shall be implemented with reference to the standards of listed funds of this Exchange. Specifically, the transaction commission of warrants shall not exceed 0.3% of the transaction amount, and 0.05% of the stock transfer commission shall be paid to the registered company at the face value of stock transfer when exercising, and no exercise commission shall be charged. However, customers with large trading volume can negotiate with relevant securities business departments to appropriately reduce trading commissions and handling fees.
3. Price limit of warrant transaction
Unlike the 10% ratio limit of stock price, the price of warrants is used in ceiling price instead of percentage.
Specifically, it is calculated according to the following formula: the increase price of warrants = the closing price of warrants on the previous day (the increase price of the underlying securities on the current day-the closing price of the underlying securities on the previous day) × 125%× exercise ratio; The falling price of warrants = the closing price of warrants on the previous day-(the closing price of underlying securities on the previous day-the falling price of underlying securities on the previous day) × 125%× exercise ratio.
When the calculation result is less than or equal to zero, the falling price of warrants is zero.
For example, the closing price of the warrant on a certain day is 1 yuan, and the closing price of the underlying stock is 5 yuan. The next day, when the underlying stock reaches the daily limit in 5.5 yuan, the daily limit price of warrants is1+(5.5-5 )×125% =1.625 yuan, and the increase percentage of warrants is (1.625-1.
4. the warrants are subject to T 0 trading.
Unlike stocks that cannot be sold on the same day, warrants are T 0 transactions, that is, warrants bought on the same day can be sold on the same day.
5. Matters needing attention in exercising rights
The exercise of warrants is time-sensitive. If investors miss the opportunity to exercise their rights within the price range, they will eventually be unable to exercise their rights. If investors really can't exercise their rights in person, they must complete the "exercise on their behalf" business at the securities company where the account is opened in advance to avoid this risk. Investors should be reminded that according to the regulations of the two cities, warrants products cannot be traded within five days before the expiration date, and investors who still hold warrants like waste paper should choose to throw them out as soon as possible, so as not to regret it at that time.
According to experience:
Warrants are only suitable for short-term speculation, and it is best not to overnight. At the most glorious time of the warrant, I built the warrant of China Merchants Bank for five or six days, which happened to be created by unscrupulous brokers. As a result, the price soared the next day and I lost 20%.
Now the warrant transaction is shrinking, which is not suitable for overnight.
Don't speculate on subscription, subscription is more subtle than selling. When the market goes up, it goes up a little, and when it goes down, it goes down a lot.
Put warrants are relatively volatile and attractive at the end of the day. Remember to take the lead.
If you want to understand technical analysis, you must be proficient.
Finally, it is emphasized to have good psychological quality. Don't hesitate and be greedy when you stop. Every little makes a mickle. At present, there is basically no big increase in warrants.
The following is an excerpt:
Warrant trading rules
1, the specified number of warrants.
The single declared quantity does not exceed 6,543,800+0,000, and the minimum change unit of declared price is 0.00 1 RMB. The number of call warrants is an integer multiple of 100, which means that the minimum number of investors to buy each time should be 100 or an integer multiple of 100. There is no limit to the number of warrants for sale. The warrants held by investors below 100, such as 99 warrants, can also be declared for sale.
2. Commissions and fees for warrant transactions
The commission and handling fee for warrant trading shall be implemented with reference to the standards of listed funds of this Exchange. Specifically, the commission for warrant transaction shall not exceed 0.3% of the transaction amount, and 0.05% of the stock transfer fee shall be paid to the registered company at the face value of the stock transfer when exercising, and no exercise commission shall be charged. However, customers with large trading volume can negotiate with relevant securities business departments to appropriately reduce trading commissions and handling fees.
3. Price limit of warrant transaction
Unlike the 10% ratio limit of stock price, the price of warrants is used in ceiling price instead of percentage.
Specifically, it is calculated according to the following formula: the increase price of warrants = the closing price of warrants on the previous day (the increase price of the underlying securities on the current day-the closing price of the underlying securities on the previous day) × 125%× exercise ratio; The falling price of warrants = the closing price of warrants on the previous day-(the closing price of underlying securities on the previous day-the falling price of underlying securities on the previous day) × 125%× exercise ratio.
When the calculation result is less than or equal to zero, the falling price of warrants is zero.
For example, the closing price of the warrant on a certain day is 1 yuan, and the closing price of the underlying stock is 5 yuan. The next day, when the underlying stock reaches the daily limit in 5.5 yuan, the daily limit price of warrants is1+(5.5-5 )×125% =1.625 yuan, and the increase percentage of warrants is (1.625-1.
4. the warrants are subject to T 0 trading.
Unlike stocks that cannot be sold on the same day, warrants are T 0 transactions, that is, warrants bought on the same day can be sold on the same day.
5. Matters needing attention in exercising rights
The exercise of warrants is time-sensitive. If investors miss the opportunity to exercise their rights within the price range, they will eventually be unable to exercise their rights. If investors really can't exercise their rights in person, they must complete the "exercise on their behalf" business at the securities company where the account is opened in advance to avoid this risk. Investors should be reminded that according to the regulations of the two cities, warrants products cannot be traded within five days before the expiration date, and investors who still hold warrants like waste paper should choose to throw them out as soon as possible, so as not to regret it at that time.