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股票期权在我国的发展刚刚起步。标准化期权合约出现于上世纪70年代的美国,我国遵照平稳渐进发展的监管思路于2015年2月9日正式挂牌交易上证50ETF指数期权。随着国内股票期权市场的发展壮大,如何利用好股票期权这一衍生产品工具来增加收益的同时降低风险是值得研究的。本文将探讨股票期权的定价及其影响因素,介绍股票期权的交易策略,分析如何管理股票期权的投资风险。
The development of stock options in China has just started. Standardization option contracts appeared in the United States in the 1970s. Our country formally listed and traded on the SSE 50ETF Index on February 9, 2015 in line with the regulatory concept of steady and gradual development. With the development and expansion of the domestic stock option market, it is worth to study how to make good use of the derivative product tools of stock options to increase the profit while reducing the risk. This article will discuss the pricing of stock options and its influencing factors, introduce the trading strategies of stock options and analyze how to manage the investment risk of stock options.