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外汇交易模拟账户

外匯 期權


主持: 朱子昭、金曹

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外匯 期權

外匯 期權


主持: 朱子昭、金曹

(1) 以小博大(Long Call)。以港交所$170作為買入點作例子,如果目標價$180,升幅$10只有不足6%,本大利少。對後市升勢有信心,可考慮用價外Long Call,以較小的注碼博較大的回報。所謂『小注』、指選擇大概一日的股價波幅的行使價、而到期日大約一、兩個月,例如以$2至$3成本一注用作Long Call、代替$170成本買入正股。當股價到$180時升幅,每注可以升50%、甚至倍計。所謂小的意思是所付出的期權金一般不會多於股價平均一日的高低位波幅。好處是不用動用太多的成本博反彈,Long Call有槓杆效應;壞處是看錯方向會輸時間值、如果結算不到價,會損失所有付出的期權金。

(外匯 期權 2) 以逸代勞(價外Short Put)。有些投資者堅持不到價不會買貨,耐心地等。例如一定要等到港交所到$150才買,但現實不知是否等到。可以趁回檔時Short Put港交所2月$150,以$1、$2期權金。好處是等待回檔期間可賺期權金,壞處有兩個:如反彈的升幅大、買正股或用Long Call所賺的可能多於Short Put收取的$1、$2期權金,另外股價出現急跌也需要以預設的合約價接貨。

(3) 深入虎穴(深入價內Short Put)。當股價跌近支持位例如$170,以目標$180做short Put。深入價內Short Put可以收取十元『內在值』再加些少時間,共十多元豐厚期權金,如股價真的見底、在結算前反彈到目標值,獲利豐厚;壞處是如股價不升至$180反而跌至$160,那接貨的虧損是十元『內在值』減去些少時間幫補
收聽 第一節

(4) 有借有還(牛跨、Call Spread)。假如不想用貼價Call博升,免得輸時間值,可用一份貼價Call、加一份價外Call,做跨價看好期權(牛跨)。好處是賺多少蝕多少有預算、如大升的話、賺盡是Long Call與 Short Call兩個行使價的差距、再減去期權金的成本;壞處是仍會損失時間值。有些專業基金經理沽出正股獲利後,會用牛跨保留看好後市的權利。

(5) 草船借箭(合成股票長倉)。如果極有把握股價可以見底反彈,可在等價Short Put、收取期權金後用作Long Call,期權組合的盈虧等同以現持有正股一樣,但所需資金只是大約10%買入正股金額,用作的按金。好處槓杆式投資放大利潤;壞處是看錯方向的話、跌一元輸一元、有機會放大損失,亦有被追補按金的風險。
收聽 第二節

What is Options CFD Trading?

Put simply, in the traditional trading market (not the CFD market) an Option is a contract where the seller gives the right, but not 外匯 期權 the obligation, to the buyer to buy or sell an underlying instrument such as a stock, commodity, index, forex pair or another asset. This comes with a predetermined price (the strike price) that the underlying instrument needs to reach before an expiry date. In the CFD market, rather than actually owning any options, the buyer/seller has 外匯 期權 the opportunity to speculate on the price difference of the opening and closing of the Option. When the Option CFD expires, the position is closed at the last available rate.

How do Options CFDs Work?

To understand Options CFDs, we must explore the basic fundamentals. Options CFD features follow traditional Option’s features in how the components are built. These include the following:

The Underlying Instrument: This is the name of the instrument on which 外匯 期權 the option is based. Options CFDs are based on this and the components are derived from here.

Call and 外匯 期權 Put: In a very broad sense, the two main types of Options are Calls and Puts. In the CFD market, the buyer of a Call Option speculates that the price will rise. The buyer of a Put 外匯 期權 Option speculates the price will fall. The Option CFD holder does not have the right to buy or 外匯 期權 sell, but will either profit or incur a loss from the difference in the opening and closing price.

Put and Call buttons.

The Strike Price: The strike price is the price of the underlying instrument on which the contract is set. E.g “Apple | Call 300 | Jul” is a contract based on the price of Apple being above, or below, $300 when it expires in July. In 外匯 期權 this case, the Strike Price is $300. A buyer of this contract expects the price of Apple shares to be above $300 when it expires.

Expiry Date:外匯 期權 Every Option contract comes with an expiry date. If 外匯 期權 the rate of the underlying instrument does not reach the Strike Price before this date, the Option will expire with little, or no value. Also, the longer time duration an Option has, the more chance the market will move in the holder’s favour: in other words, the 外匯 期權 closer the contract gets to the expiration date, the less the time value of the option. Options CFDs are 外匯 期權 affected by time value in the same way as the underlying instrument. The Plus500 trading platform will close your Options CFD position automatically at the expiry date, if not closed earlier by you.

  • The current price 外匯 期權 of the underlying instrument.
  • Amount of volatility in the market.
  • Expiry date (the longer it is until the expiry date, the more time the market has to hit the strike price).
  • Supply and demand in 外匯 期權 the underlying market for the specific Option.

*Please check 外匯 期權 the expiry date in the Instrument’s details section, as Plus500’s expiry day may differ from the expiry on the Exchange. The expiry date for Options CFDs on the Plus500 platform is typically set a few days before that of the traditional Options on the underlying market.

Why Should I Trade with Options CFDs?

Trading with Options CFDs generally offers greater exposure than trading other instruments, such as Share CFDs. This means you can open larger positions with less capital. For example, with a leverage of up to 1:5, for every $1,000 you 外匯 期權 deposit, you can trade up to $5,000 worth of Options CFDs. It is important to remember that while trading with leverage can magnify profits, it can also increase losses.

Traders on the Plus500 CFD platform have the added benefit of using risk management tools such as Stop Loss, Limit Stop, Guaranteed Stop etc. to help prevent losses.

Plus500 does not charge commission on any Options CFDs offered on the platform.

Final Thoughts

Trading Options CFDs may bring many benefits. These include increasing your market exposure as Options CFDs offer more leverage than other underlying instruments such as Shares CFDs. There are no commissions on Plus500 Options CFDs and are settled by the difference 外匯 期權 of the opening and closing price. The Plus500 platform offers risk management tools that can help you mitigate the 外匯 期權 risk of potential losses. Although trading Options CFDs has 外匯 期權 its advantages, there are significant risks involved as well, because they are traded with leverage. With all this in mind, if you are looking to speculate or hedge 外匯 期權 your exposure then CFD Options may be something you can consider.

認股證與期權有何分別?立即請教您最可靠的投資夥伴〡光大證券國際「數金通」 EBSI Direct

發行商:發行認股證的公司。可以是上市公司或金融機構等第三者。
相關資產: 可以是股票或一籃子股票、指數、貨幣、商品及期貨合約(例如原油期貨)等。
附帶權利:認購證賦予您買入相關資產的權利,而認沽證則賦予您出售相關資產的權利。
行使價: 外匯 期權 外匯 期權 在行使認股證時買賣相關資產的價格。
兌換率: 指行使一份認股證可換取相關資產的單位數目。
到期日: 認股證到期之日。如認股證在到期日仍沒有被行使,該認股證就會喪失價值。
行使方式: 美式認股證容許您在到期日或之前行使附權利,但歐式認股證則只容許您在到期日行使附帶權利。

認股證及特低網上股票佣金優惠計劃*

每月總成交額 (以百萬計) 網上股票佣金收費 最低網上股票佣金收費 (外匯 期權 外匯 期權 以每宗計)
> HK$30 0.088% HK$88
≥ HK$13.8 至 HK$30 0.108% HK$88
< HK$13.80.138% HK$88

請按此參閱計劃的條款及細則
* 特低網上股票佣金計劃適用於網上交易及電話落盤;有關電話落盤之收費詳情請參閱 佣金及收費表。

客戶可透過以下途徑查詢更多詳情:
客戶服務熱線: +852 2822 5001 (香港) / +853 外匯 期權 6262 5028 (澳門) / +86 40011 95525 (內地)
電郵: [email protected]