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什麼是末日期權,其怎麼行權
uSMART盈立智投 09-03 16:38

末日期權是什麼

 

末日期權(Expiry Date Option)也叫零日期權,是指期權合約中的最後一天,也是期權會約中的行權日。在來日期權到期之前,投資者可以選擇在任何時間執行期權合約,即行權,末日期權通常是期權交易+中最重要的日期之一,因為它對期權價格和交易策臵都有很大影響。主要用於股票、債券、商品、貨幣等資產的交易。

 

 

該如何行權

 

首先需要確認期權的狀態,在行權之前,首先要確認期權是否值得行使:

1、看漲期權:如果當前市場價格高於執行價格,則期權為實值,值得行權。

2、看跌期權:如果當前市場價格低於執行價格,則期權為實值。

PS:如果期權是虛值,即市場價格對交易者不利,通常不建議行權。

 

其次檢查期權到期日,確認期權的到期日。到期日是交易者必須決定是否行使期權的最後日期。期權通常在到期日或到期日之前的某個時間內到期。

 

最後需要選擇行權方式,期權分為自動行權和手動行權。

自動行權:很多交易平臺或經紀商會在期權到期日自動行使所有實值期權。交易者通常需要選擇是否啟用自動行權功能。

手動行權:如果交易者的經紀商不提供自動行權服務,或者交易者希望主動控制行權時機,其需要在到期日前主動提交行權請求。

 

行使末日期權需要考慮期權的內在價值、到期時間以及個人投資策略等。及時決定是否行權,並按照經紀商的流程操作,同時注意手續費和稅務影響,可以幫助交易者最大化期權交易的利益。

 

如何在uSMART上進行投資交易:

登入uSMART HK APP之後,從頁面上方點擊選擇「期權」即可查看,如熱門期權指數,可點擊進入詳情頁瞭解。圖片操作指引如下:

 

來源:uSMART

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