The delivery date of 50ETF options is the Wednesday of the fourth week of each month, for example, if it is December, then the Wednesday of the fourth week from this month is the delivery date of 50ETF options. Options The object of 50ETF option delivery is SSE 50ETF**, a 50ETF option can be exchanged for 10,000 shares of 50ETF**, the premise of exercise delivery is that the 50ETF option is in the state of real value, and generally there is no condition for exercise and delivery of at-the-money and out-of-the-money options.
Option sauce collated and released.
50ETF Options Trading Rules and Features
1.Trading hours
50ETF options are ** options, and their trading hours are synchronized with the ** market, i.e., 9:30-11:30 a.m. and 13:00-14:57 p.m. This is a T+0 transaction, that is, you can open and close positions on the same day.
2.The direction of the trade
A 50ETF call option allows the option buyer to agree on the right to a 50ETF at an agreed time.
A 50ETF put option allows the option buyer to have the right to sell the 50ETF at an agreed time and at an agreed time.
3.Duration of the contract
50ETF options offer contracts with different maturities, including current month, next month, current quarter, and next quarter.
4.Minimum buy and sell quantity
The minimum unit of the transaction is 1 contract, and the ** of each contract is about a few hundred yuan.
5.Risk control
Buyers: Buyers of 50 ETF options have no limit on the upside. They will not liquidate or liquidate their positions, and the maximum loss will be the premium for the purchase of the contract, that is, the funds invested.
Sellers: Sellers of 50ETF options use a margin system and may face the risk of liquidation or liquidation.
50ETF Option Exercise Process
Since 50ETF options are European-style, they can only be submitted on the last trading day exercise day. The following is the specific process of exercising 50ETF options:
1.Submission of Exercise Declaration
On the exercise date (E day), investors can submit an exercise order before 15:30. The position of the contract submitted for exercise will be frozen and cannot be closed. The exercised party does not need to take any action at this stage.
2.Exercise of the right to declare funds and ** check
After e-day**, the broker and ChinaClear will conduct a fund and ** check on the exercise declaration. The exercising party of the put option needs to hold sufficient amount of the underlying **, and the exercising party of the call option needs to hold sufficient cash in the option account, otherwise the exercise declaration will fail.
3.The exercising party and the exercised party make up the funds and **
In the E+1 intraday session, the exerciser and the exercised party have the last chance to make up the funds and ** required for the exercise and settlement.
4.Funds and ** netting settlement
After e+1 day**, ChinaClear will net settle all investors' funds and **. Investors need to prepare sufficient funds** and funds at this stage to ensure a smooth settlement.
5.Dispose of ** and funds at your own disposal
After the opening of the market on E+2, investors can dispose of the ** and funds they have obtained. It should be noted that if the option is exercised by the subscriber, the exercise settlement date of the option contract will be the next trading day after the exercise date, that is, E+2 day.
By understanding the hidden terms of these five steps, investors can have a more comprehensive understanding of the actual operation process of 50ETF option exercise, and ensure that they can be flexible in trading.