期权交易规则

2025-02-06 22:11:02
推荐回答(4个)
回答1:

期权交易规则是指股票交易双方签订的关于期权交易合同:
它允许购买者在某一特定的时间内,按照合同所规定的价格,向出售者买进或卖出一定数量的股票,购买者为了获得这个权利必须支付一定的代价。股票期权交易在美国历史较长,在上世纪20年代的纽约就有小规模进行。实际上是一种股票权利的买卖,即某种股票期权的购买者和出售者,可以在规定期限内的任何时候,不管股票市价的升降程度,分别向其股票的出售者和购买者,以期权合同规定好的价格购买和出售一定数量的某种股票。在进行股票期权交易时,通常都是通过买卖双方之间的期权交易合同来实现,且这种合同是一种统一的标准合同,载明了交易的必备条件,诸如有效期限、数量、种类、费用、股票价格等要素。期权合约作为标准化合约,有交易所设立的保证金制度、结算制度和数量限额制度作保障。对于那些遭受损失而未能补足保证金的交易者,交易所可以采取强制平仓措施以维持整个交易体系的安全性。
拓展资料
期权是一种选择权,是指一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。它是在期货的基础上产生的一种金融工具,给予买方(或持有者)购买或出售标的资产的权利。期权的持有者可以在该项期权规定的时间内选择买或不买、卖或不卖,他可以实施该权利,也可以放弃该权利。而期权的出卖者则只负有期权合约规定的义务。
对期权进行合理的分类,有利于了解期权产品。其中,期权按权利划分,可分为看涨期权和看跌期权两种类型;按种类划分,可分为欧式期权和美式期权两种类型;按行权时间划分,分为欧式期权、美式期权、百慕大期权三种类型。

回答2:

股票期权交易规则

(一)机制和交易时间

混合交易模式:竞价交易为主,做市商为辅。见图1

(二)买卖指令

见图2

(三)订单类型1.限价订单2.市价剩余转限价3.市价剩余撤销订单4.FOK申报订单(限价)5.FOK申报订单(市价)注:FOK是指立即全部成交,否则自动撤销订单,FOK可以限价或市价申报,不参与集合竞价

(四)日内对冲

盘中双向持仓、日终单向持仓(自动对冲)

见图3

回答3:

期权开盘价采用某一期权合约开市前五分钟内经集合竞价产生的成交价。期权的收盘价是指期权合约当日交易的最后一笔成交价。期权合约了结方式为:平仓、执行和到期。交易所主机撮合系统收到对冲平仓指令后,先平单一部位持仓,后平组合部位持仓,再平套期保值持仓。权利金竞价原则同期货合约的竞价原则,即价格优先,时间优先的竞价原则。合约挂盘规定:
(1)合约挂盘数量:4 个月份。
(2)新合约月份挂盘:在某一期权合约月份到期后的第2 个交易日挂盘。
(3)新合约上市时,在合约规定价幅内,由交易双方竞价交易。交易所公布权利金基准价。
合约月份最后5 个交易日不增挂新的执行价格。新上市期权合约涨跌停板的变动幅度同相关期货合约。

回答4:

期权的交易品种分为股票期权、股指期权和商品期权,每个品种的交易规则都不同,以下是股票期权的交易规则:
1)标的物:上证50ETF(跟踪上证50指数基金)
沪300ETF (跟着沪深300指数)
深300ETF (跟踪沪深300指数)
2)认购、认沽:判断标的上涨选择认购期权,判断标的下跌选择认沽期权
3)期权周期:分为四个周期,当月、下月、下季度月、下下季度月
(例如当前为1月、2月、3月、6月)
4)期权到期时间:到期月份的第四个星期三(遇节假日顺延)
5)交易方式:权利金交易,低买高卖,赚取权利金差价
6)交易模式:T+0,开市时间内随时买卖
7)购买单位:一张合约起=10000份(相当于股票一手的意思)
(例如当前一份50ETF认购平值合约价格0.0453,那么买入一张该合约453元)
8)购买期权在合约期限内不会爆仓、不强平,理论上风险有限(到期最大亏损为全部权利金)收益无上限。

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