交易期權時應當注意什麼？
期权，是指一种合约，该合约赋予持有人在某一特定日期（或该日之前的任何时间）以固定价格购进（或售出）某种资产的权利。对期权感兴趣的虎友们，推荐观看课程：【4节课带你入门期权交易】点击查看>>
期权的常见术语说明
- Call 看涨期权，给予买家以行权价格在某一天买入合约标的的权利，
- Put看跌期权，给予买家以行权价格在某一天卖出合约标的的权利
- 到期日（Expiration）指的是期权将在这一天到期，如果是价外的期权，在这一天将会变成0（自动消失），如果是价内的期权，在这一天会被自动行权（买入/卖出股票）。
- 行权价（Strike price）指的是未来某一天当你行权时，买入/卖出的价格。
- 标准合约：每个月第三个星期五到期的合约为标准合约，1个月中交投最活跃的期权合约要数标准合约莫属了。
如何在老虎交易期权？
- buy call 买入看涨期权，付出权利金，购买看涨期权，当股价大涨时会盈利，也是最受投资者欢迎的一种方式。
- buy put 买入看跌期权，付出权利金，购买看跌期权，当股价大跌时会盈利。
- Sell call卖出看涨期权权利，获得权利金，承担未来被行权的义务。
- Sell put 卖出看跌期权权利，获得权利金，承担未来被行权的义务。
- 价内期权 （In the money）当看涨期权的行权价低于市场价格时被称为价内期权，当看跌期权的的行权价高于市场价格时称为价内期权。
- 价外期权（out of the money）当看涨期权的行权价高于市场价格时被称为价外期权，当看跌期权的的行权价低于市场价格时称为价外期权。
- 平价期权（At 交易期權時應當注意什麼？ the Money）是指期权的行权价格等于正股的市场价格，或称为等价期权。
举个例子，下图为蔚来10月1日到期的期权，蔚来目前的股价为36.01，平价期权为行权价为36的期权，如下图，左侧为蔚来call的期权链，绿色部分为价内期权，右侧为put的期权链，红色部分为价内期权相比正股来说，影响期权价格的因素要更多：
期权交易有哪些步骤？需要注意些什么问题呢？
（4）期权到期时，交易所根据期货结算价判断自动行权，但结算价与收盘价不同，在结算日，当执行价落在结算价与收盘价之间时，需要重新审核持仓，判断是否需要提交行权或放弃行权。确定权力行使后，要保证经费充足。 虽然期权买方在买入期权时无需缴纳保证金，但行权后，期权持仓转为期货持仓，因此需要相应的保证金。准备行权的投资者必须有充足的资金准备，如果到期前验资资金不足，可能会被经纪公司放弃。 而且，投资者还应注意行权后期货持仓是否在涨跌停板范围内。
What should I be aware of when trading options
Trading options is similar to trading stocks. You can place an order after entering the quantity and price.
2. Supported order types
Options trading supports Limit Order, Market Order, Stop Limit Order, Stop Order, Limit if Touched Order, Market if Touched Order, Trailing Stop Limit Order, Trailing 交易期權時應當注意什麼？ Stop Order.
3. Unit
As a contract, an option is traded in units of one contract. Typically, 1 option contract is equal to 100 shares (Corporate actions may result in 1 交易期權時應當注意什麼？ option not being equal to 100 shares).
For example, there is an option contract AAPL 170314 140.00C. Its quoted price is $2 means the price (premium) of this contract is $2 * 100 = $200. Upon exercise, you will receive 100 shares of AAPL.
4. Trading Hours
Trading hours for the options are 9:30-16:00 EST.
Note: Options do not support pre- and post-market trading.交易期權時應當注意什麼？
Didn't answer my question Can't understand Not detailed enough
The licensing information in relation to companies within Futu Group is as follows:
Futu Securities International (Hong Kong) Limited
Holder of 20 licenses and participantship in providing clients with reliable securities trading services.
In Hong Kong, China: Futu HK is a licensed corporation regulated by the Securities and Futures Commission 交易期權時應當注意什麼？ of Hong Kong (CE No. AZT137) and has obtained Type 1 Licence for Dealing in Securities, Type 2 Licence for Dealing in Futures Contracts, Type 3 Licence for Leveraged Foreign Exchange Trading, Type 4 Licence for Advising on Securities, Type 5 Licence for Advising on Futures Contracts, Type 7 Licence for Providing Automated Trading Services, and Type 9 Licence for Asset Management. Futu HK is registered as MPF Intermediary, SEHK Participant, HKSCC Direct Clearing 交易期權時應當注意什麼？ Participant, SEHK China Connect Exchange Participant, HKSCC China Connect Clearing Participant, SEHK Options Trading Exchange Participant, SEOCH Direct Clearing Participant, HKFE Futures Commission Merchant, and HKCC Clearing Participant.
In Europe: Futu HK is a member of London Stock Exchange and Turquoise.
In Singapore: Futu HK is a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited.
Futu Trustee Limited
Holder of Trust 交易期權時應當注意什麼？ or Company Service Provider Licence (Licence No. TC006475).交易期權時應當注意什麼？
Futu Lending Limited
Holder of Money Lenders Licence (交易期權時應當注意什麼？ Licence No. 2034/2021).
Futu Insurance Brokers (Hong Kong) Limited
Holder of Insurance Broker Company Licence (Licence No. FB1783).
Moomoo Financial Inc.
A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 283078/SEC: 8-69739), and a member in good standing of Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection 交易期權時應當注意什麼？ Corporation (SIPC).
Futu Clearing Inc.
A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 298769/SEC: 8-70215), a member 交易期權時應當注意什麼？ in good standing of Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), as well as a member of Depository Trust Company (DTC), a member of National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC).
Futu Wealth Advisors Inc.
An investment advisor registered with and regulated by the U.S. Securities and Exchange Commission (SEC) (CRD: 310790/SEC: 801-119635).
Futu Futures Inc.
A licensed entity registered with the National Futures Association (NFA) (NFA ID: 0523957) and regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
Moomoo Financial Singapore Pte. Ltd.
Registered with the Monetary Authority of Singapore (MAS), moomoo SG is a Capital Markets Services Licence (Licence No. CMS101000) holder with the Exempt Financial Adviser Status. Moomoo SG has also received full SGX's memberships. Moomoo SG has been admitted as Clearing Member of The Central Depository (Pte) Ltd (CDP) , Trading Member of Singapore Exchange Securities Trading Limited (“SGX-ST”), Trading and Clearing Member of Singapore Exchange Derivatives Trading Limited (“SGX-DT”), and 交易期權時應當注意什麼？ Depository Agent of CDP.
Futu Trustee (Singapore) Pte. Ltd.
A Singapore trust company licensed by the Monetary Authority of Singapore to carry on trust business and services (Licence Number: No.TC000074).
Futu Securities (Australia) Ltd.
A 交易期權時應當注意什麼？ securities dealer registered with and regulated the Australian Securities and Investments Commission (ASIC). Futu AU 交易期權時應當注意什麼？ holds the Australian Financial Services Licence (Licence No. 224663).
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请注意：考虑到空头期权边被行权的可能性，持有作为价差组成部分之多头看涨头寸的账户持有人应格外注意不行使多头期权边的风险。请注意，空头看涨期权的被行权会导致空头股票头寸，且在股息登记日前持有空头股票头寸的持有人有义务向股票的借出者支付股息。此外，清算所行权通知处理周期不支持提交响应被行权的行权通知。
例如，假设SPDR S&P 500 ETF Trust (SPY)的信用看涨（熊市）价差包括100张13年3月到期行使价为$146美元的空头合约，以及100张13年3月到期行使价为$147美元的多头合约。在13年3月14日，SPY Trust宣布每股股息为$0.69372美元，并且会在13年4月30日向13年3月19日前登记的股东支付。因为美国股票的结算周期为3个工作日，想要获取股息，交易者需要在13年1月14日之前买入股票或行使看涨期权，因为该日期一过，股票便开始除息交易。
| 日期 | SPY收盘价 | 13年3月行使价为$146的看涨期权 | 13年3月行使价为$147的看涨期权 |
| 2013年3月14日 | $156.73 | $10.73 | $9.83 |
| 2013年3月15日 | $155.83 | $9.73 | $8.83 |
上述内容仅作信息参考，不构成任何推荐、交易建议，也不代表提前行权会成功或适合所有客户或交易。账户持有人应咨询税务专家以确定提前行权可能带来的税务影响，并应格外注意以多头股票头寸替换多头期权头寸的潜在风险。