50etf options trading rules:
Subject matter of the contract: SSE 50 Trading Open Index Securities Investment Fund (50ETF)
Contract type: call option and put option
Contract unit: 10000 copies.
Contract expiration month: the current month, the next month and the next two quarters.
Exercise price: 9 (1 equivalent contract, 4 imaginary contracts and 4 real contracts)
Distance of exercise price: 3 yuan and below 0.05 yuan, 3 yuan to 5 yuan (inclusive) 0. 1 yuan, 5 yuan to 10 yuan (inclusive) 0.25 yuan, 20 yuan (inclusive) 0.5 yuan and 20 yuan to 50 yuan (inclusive) 1 yuan.
Exercise method: Exercise on maturity date (European)
Delivery method: physical delivery
Expiration date: the fourth Wednesday of the expiration month (postponed in case of legal holidays).
Trading time: 9: 00 am15-9: 25 am, 9: 30 am-10: 30 am (9: 00 am15-9: 25 am is the opening call auction time).
13: 00-15: 00pm (14: 57-15: 00 is the closing call auction time).
Entrustment types: general quota entrustment, market surplus to quota entrustment, market surplus cancellation entrustment, full real-time quota entrustment, full real-time market entrustment and other entrustment types specified in business rules.
Transaction types: open positions by buying, close positions by buying, close positions by selling, close positions by covering positions and other transaction types stipulated in business rules.
Minimum quotation unit: 0.000 1 yuan.
Minimum standard of opening margin: opening margin of call option obligation position = [pre-contract settlement price+maximum value (12%× pre-closing price of contract target-imaginary value of call option, 7%× pre-closing price of contract target) ]× contract unit.
Margin for opening put option obligation warehouse = min[ pre-contract settlement price +Max( 12%× pre-closing price of contract object-imaginary value of put option, 7%× exercise price ]× contract unit.
Minimum standard of maintenance margin: maintenance margin of call option obligation warehouse = [contract settlement price +Max( 12%× closing price of contract target-imaginary value of call option, 7%× closing price of contract target) ]× contract unit.
Put option obligation warehouse maintenance margin = min[ contract settlement price +Max( 12%× joint target closing price-put option imaginary value, 7%× exercise price), exercise price ]× contract unit.
The above is a detailed explanation of the trading rules of SSE 50ETF options. In fact, it can be summarized in one sentence. The trading time of 50ETF options is the same as that of stocks, and the trading direction is long and short, T+0 trading. What is worth noting is the characteristic exercise date, royalty, buyer and seller, time value and so on of the option product itself.
So what is the transaction cost of 50ETF? There are three costs:
Brokerage commission: 2~ 10 yuan (unilateral), depending on your trading volume and brokerage business department.
The handling fee of Shanghai Stock Exchange 1.3 yuan/sheet is a fixed fee.
The settlement fee for China settlement is 0.3 yuan/Zhang, which is fixed.
The transaction cost given by brokers is 1.6 to protect exchanges and settlement companies, so how much transaction cost you can get depends on your transaction volume and your relationship with brokers.
Of course, the above is the need to open an account in a brokerage, and the capital threshold is 500,000. If the funds are insufficient, you can find a warehouse platform without a high threshold. We need to find a formal and legal platform, so as to ensure the safety of Zijin.