First, understand the basic elements of options

1. Option price

Option price, also known as royalty, option fee and insurance premium, is the fee paid by the option buyer to the seller for the right to buy or sell the underlying assets at the agreed price.

2. The underlying asset

The underlying asset is also called the subject matter, which is also the subject matter of the option contract. It is the asset agreed in the option contract and purchased or sold by the buyer when exercising his rights.

the underlying assets of options can be spot assets or futures assets; It can be physical assets, financial assets or financial indicators (stock price index).

3. exercise direction

exercise direction refers to the operation direction of the option buyer when exercising, and there are two types: buying and selling.

4. exercise mode

exercise mode, also known as execution mode, refers to the time when multiple options can exercise options as stipulated in the option contract.

5. exercise price

exercise price, also known as exercise price and exercise price, is the price agreed in the option contract for the buyer to buy or sell the underlying assets when exercising his rights.

6. option expiration date and option expiration

option expiration date: refers to the last date when the option buyer can exercise the option.

option expiration: refers to the last time when the option buyer can exercise his rights.

Second, let's read the 5ETF option contract

First, this picture shows a option contracts of SSE 5, and its underlying asset is SSE 5ETF, which is a transactional open-end fund that tracks the SSE 5 index.

the trading code of this fund is 515, and the current price is the price of this ETF, which is 2.738 yuan.

secondly, this picture contains the transaction code of the contract.

the transaction code consists of two parts. The above is the transaction code of the underlying asset, which is the 515 we just mentioned. Then the letter C indicates that the option is a call or a call option. Because the call option is called in English, it starts with a C.

then, the letter p means that this option is put or put.

because put option is called put in English, the first letter is a p.

Then look, the code indicates that the expiration date of the contract is in April 22.

235 means that the exercise price is 2.35 yuan, which means that if you exercise on the maturity date, you can buy the SSE 5ETF fund at the price of 2.35 yuan per share if you are bullish.

Then, at the maturity date, if the price of SSE 5ETF is higher than 2.35, you have to exercise, and then you pay 2.35 yuan to get back a 5ETF.

The current price of this call option is .3829 yuan.

other information, as well as today's options' ups and downs, and the closing price of the previous day, are all on this chart.