The access conditions for opening an account for OTC options are as follows:

1. The access conditions for opening an account for institutional investors:

- Institutional investors refer to legal persons and other organizations and other institutions that comply with relevant laws and regulations.

- Possess relevant securities trading qualifications and legal person or other organizational qualifications.

2. The status of Shanghai A-share account is "normal":

- Investors have normal securities accounts in the Shanghai A-share market.

3. The company’s net capital reaches 10 million yuan:

- The company’s net capital needs to reach more than 10 million yuan to ensure sufficient financial strength.

4. The investor’s assets under custody in the securities company reach 10 million:

- Institutional investors need to open a custody account at the securities company and maintain the investor’s assets in the account to reach 1,000 More than 10,000 yuan.

5. Have trading and exercise experience in a fully realistic simulation:

- Institutional investors need to have certain practical experience in options trading in a fully realistic simulation environment.

6. The customer's risk tolerance level is aggressive:

- The investor's risk tolerance should reach the aggressive level to adapt to the risk characteristics of individual stock options trading.

7. Customers pass the knowledge level test:

- Investors need to pass the relevant knowledge level test to ensure that they understand the basic knowledge and risks of individual stock options trading.

8. No bad integrity record:

- Investors need to maintain a good integrity record and have no records of violations or bad behavior.

Remarks:

1. Stock option account opening is currently only allowed for institutional investors, and individual customers cannot open accounts directly with securities companies.

2. Individual customers must apply through institutional channels to open an account. (That is, inquire with the institutional company and the institutional company will place the order)

3. The above conditions may be adjusted according to regulatory policies and market conditions. Investors need to pay close attention to relevant information and comply with regulatory regulations.

Option-related so: Option Sauce

OTC individual stock options are currently unable to open accounts directly, and can only be inquired through institutions. Individual stock option operations are mainly divided into: inquiry, purchase , exercise and settlement.

1. Inquiry:

- Enter the stock code to inquire in real time the option rate of the specific stock to be purchased.

- The inquiry content includes factors such as transaction time, transaction object, transaction price, ratio and nominal principal.

2. Deposit:

- After inquiry, if the investor is ready to purchase, the corresponding option fee will be transferred to the brokerage account.

3. Buying transaction:

- Customers can issue trading orders through two methods: limit price and average price.

- The system submits buy orders to institutional brokers.

- If it is a limit order, as long as the price set by the investor is reached, the buy transaction can be completed in 2-3 minutes.

- If the trade is not completed, the option fee will be refunded to the account.

4. Sell exercise:

- Customers can issue trading orders through limit price and average price.

- The system submits exercise instructions to institutional brokers.

- If it is a limit order, as long as the price set by the investor is reached, the sell exercise transaction can be completed in 2-3 minutes.

- If the transaction is not completed, you can cancel the order and submit it again.

5. Settlement:

- Based on the information of buy and sell closing, the brokerage will settle the call option contract.

- The profit part is transferred from the institution to the personal bank card.

Option participants should consider their own risk tolerance before managing risks. Having a correct understanding of one's own risk tolerance can help investors control risks more effectively and accelerate the pace of achieving investment goals.