In the field of investment, options trading, as a flexible financial tool, has attracted the attention of many investors. However, to be comfortable in options trading, you must first understand its trading hours and rules.
At present, options can be divided into spot assets, ** assets, real assets, financial assets, and financial indicators (** indexes) according to the underlying assets (subject matter), and the trading hours and rules of different financial derivatives are different. This article is only for stock index options.
First of all, the trading time of options refers to the time when investors can buy and sell options during the trading hours specified by the exchange.
Different exchanges have slightly different rules for options trading hours, but the following principles are generally followed:
1. Market opening time: The opening time stipulated by the exchange is usually from 9:00 to 11:30 a.m. and 13:30 to 15:00 p.m. from Monday to Friday, of which 9:15 9:25 is the opening call auction time, and 14:57 15:00 is the ** call auction time. The exchange is closed on weekends and statutory holidays, and no options trading is conducted.
2. Trading duration: The option trading time is from the opening time to the ** time of each trading day, a total of 45 hours. Investors should pay attention to the trading hours of the exchange to avoid missing out on trading opportunities.
3. Last trading day: The last trading day of the option contract is the fourth Wednesday of the expiration month, and the open option contract will be automatically exercised or expire after 15:00** on the same day.
Secondly, options trading rules refer to the trading principles and operating specifications that investors need to follow in the process of options trading. It mainly includes the following 6 aspects:
1. Option type: Options are divided into call options and put options. A call option means that the option buyer has the right to agree on the amount of the underlying asset within the agreed time; A put option means that the option buyer has the right to sell the agreed amount of the underlying asset at an agreed amount of ** within an agreed period of time.
2. Option**: Option**, also known as option premium, refers to the fee paid by the option buyer to the option seller in order to obtain the rights granted by the option contract. Options** are affected by factors such as the underlying asset**, exercise**, option expiration time, market volatility, etc.
3. Exercise**: Exercise refers to the purchase and sale of the underlying asset when the option buyer exercises the right. The setting of the exercise** affects the intrinsic value and time value of the option.
4. Option expiration date: The option expiration date refers to the last date on which the option buyer can exercise his rights. After the expiration date, the option contract will automatically expire and the option buyer will no longer be eligible to exercise the right.
5. Trading unit: The option trading unit refers to the quantity of the underlying asset corresponding to each option contract. When investors conduct options trading, they need to declare in accordance with the trading units specified by the exchange.
6. Margin system: Options trading implements a margin system, and investors need to pay a certain margin as a performance guarantee. The margin calculation method and adjustment rules are subject to the regulations of the Exchange.
Understanding the options trading hours and rules is the key to success in the options market. Only by grasping the time of trading and following the rules of trading can we make steady progress on the road of option investment.
Hopefully, this article will inspire you to make more profitable gains in options trading.
The above is a must-see for beginners in options! What are the hours and rules of options trading? Answers, I am an option gang, more options knowledge, options skills, **knowledge, **skills, all in [Option Gang] I wish you all a smooth transaction