国内的期权品种已经多达十几种，其中ETF期权是流量最大的品种，截止今日已经上市了十二种ETF期权。期权具有T+0的特点，当天买入后可以当天卖出，认购做多，认沽做空，期权合约自带杠杆，实际杠杆在20-1000倍左右。
There are already as many as a dozen options in the country, of which ETF is the largest type of flow, and 12 options have been listed today ETF. The options have the characteristics of T+0 >.
一、期权买卖操作的第一步是要熟悉交易界面
1.期权标的：交易界面会显示可供交易的期权合约的标的资产，比如上图的上证50ETF期权、中证500ETF期权或者创业板ETF期权等十二种可以选择。
. options: The transaction interface will show assets subject to a futures contract that can be traded, such as options , , , , <500Etf options, options, options, options, etc.
2.标的走势：交易界面通常提供标的资产的价格走势图表，显示过去一段时间内的价格变动情况，帮助分析标的资产的趋势和波动性。
2. . : The transaction interface usually provides price trends for the subject asset, showing price movements over time, and helps analyse trends and volatility in the subject asset.
3.成分股：对于ETF期权，权重越高的个股会影响整个指数的走势，比如上证50ETF期权的权重股是贵州茅台、平安银行等，如果某个个股大涨就容易带动指数上涨。
3. component: For ETF shares with higher weight influence the movement of the index as a whole, for example, the weight share of the options 50ETF is in your state. Bank of Peace >, etc. < < < /span > > < < /span > >
4.汇点波指：汇点波指是衡量期权市场波动率的指标，它反映了市场对未来波动率的预期。
4. point wave: The point wave is an indicator of the volatility of options markets and reflects market expectations of future fluctuations.
5.波动率走势：期权的价格和价值与标的资产的波动率密切相关，可以在期权论坛查看波动率数据。
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6.期权T型报价：期权T型报价是期权交易界面上常见的报价方式，显示了交易方向认购（看涨）和认沽（看跌）、期权的买入价和卖出价。买方可以以报价买入期权，卖方可以以报价卖出期权。T型报价还显示了期权的行权价格、到期日等重要信息。
6. options. Buyers may buy their options, sellers may sell them. .
二、进入期权的买卖步骤
ii, steps to buy and sell options
第一步首先要对行情进行判断，比如，分析趋势是否上涨、下跌或盘整，以确定期权交易的方向和时机。
the first step is to judge the behaviour , for example, to analyse whether trends are rising, falling or rounding in order to determine the direction and timing of options transactions.
第二步，选择不同行情下的期权策略
Step two, select options for different lines
上涨行情：
买入认购期权：在上涨行情中，买入认购期权可以让投资者从标的资产上涨中获利。认购期权赋予买方以购买标的资产的权利，因此可以在标的资产上涨时实现收益。
Buy-in options: In the event of an increase, buy-in options allow investors to profit from the rise in the subject matter assets. The right to take-off options gives the buyer the right to purchase the subject matter assets so that the proceeds can be realized when the subject matter assets rise.
卖出认沽期权：在上涨行情中，卖出认沽期权可以让投资者从标的资产上涨中获得权利金收入。认沽期权赋予买方以卖出标的资产的权利，而卖方则需要在标的资产上涨时支付权利金。
sells options: In the event of an increase, the offer will allow the investor to earn the right money from the rise of the target asset.
下跌行情：
买入认沽期权：在下跌行情中，买入认沽期权可以让投资者从标的资产下跌中获利。认沽期权赋予买方以卖出标的资产的权利，因此可以在标的资产下跌时实现收益。
buy-in options: In decline situations, buy-in options allow investors to profit from the decline of the target asset. The buy-out rights give the buyer the right to sell the target asset, so that the gain can be realized when the target asset falls.
卖出认购期权：在下跌行情中，卖出认购期权可以让投资者从标的资产下跌中获得权利金收入。认购期权赋予买方以购买标的资产的权利，而卖方则需要在标的资产下跌时支付权利金。
sells the options: In the event of a fall, the options are sold to enable the investor to earn the right money from the decline of the subject matter assets. The options are given to the buyer to purchase the subject matter assets, while the seller has to pay the rights when the subject matter assets fall.
慢速上涨或慢速下跌行情：
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组合策略：在慢速上涨或慢速下跌行情中，投资者可以采取组合策略，如买入认购期权和同时卖出认沽期权（保护性认购），以在上涨或下跌行情中获得一定的收益并降低风险。
combination strategy: In slow-onset or slow-down situations, investors can adopt a combination strategy, such as buying an offer and selling a buy-in option (protective subscription) at the same time, in order to gain a certain return on rising or falling lines and reduce risk.
多腿策略：例如垂直和水平套利等复杂期权策略，可以根据市场情况和预期收益进行构建，以适应慢速上涨或慢速下跌行情。
盘整行情：
卖出期权：在盘整行情中，时间价值的衰减和波动率的收缩可能使卖出期权策略（如裸卖认沽或裸卖认购）成为一种选择。这种策略的目标是在期权合约到期时收取权利金，当市场在一定范围内波动时获利。
Selling options: In a stock-taking situation, a decline in time value and a contraction in the rate of volatility may make selling options an option (e.g. a nudity or a nudity offer). The objective of such a strategy is to collect royalties when the options contract expires and to profit when the market fluctuates over a certain range.
第三步：选择合适的期权合约
Step 3: Selecting the right options
不同行权价格的期权合约具有不同的成本和潜在收益，期权合约的状态分为实值、平值和虚值、一般在平值上下的合约流动性最高，投资者也更愿意选择这类的合约进行交易。
实值：当期权合约的行权价格（履约价格）对于认购期权来说低于标的资产的当前价格，或对于认沽期权来说高于标的资产的当前价格时，该期权合约被称为实值合约。实值合约具有内在价值，因为如果立即行使该合约，投资者将能够以更有利的价格购买或卖出标的资产。对于认购期权，实值合约的标的资产价格高于行权价格；对于认沽期权，实值合约的标的资产价格低于行权价格。
real value: A right price for a current option (performance price) is referred to as a real-value contract when the current price of the asset is lower than the target for the acquisition of the option or when the current price of the asset is higher than the target for the purchase option. A real-value contract has an intrinsic value, because if the contract is exercised immediately, the investor will be able to purchase or sell the subject asset at a more favourable price. For a right of purchase, the price of the real-value contract is higher than the right price for the asset; for a right of purchase, the price of the real-value contract is lower than the right price.
平值：当期权合约的行权价格与标的资产的当前价格相等时，该期权合约被称为平值合约。平值合约没有内在价值，它的价值完全由时间价值组成。投资者在平值合约中既无法立即获得利润，也不会立即蒙受损失。平值合约的价格主要取决于期权剩余时间和市场波动率。
parity: The option contract is referred to as the equity contract when the right price of the current option contract is equal to the current price of the subject asset. The equity contract has no intrinsic value and its value is composed entirely of time value. Investors cannot profit immediately in the equity contract and do not lose it immediately. The price of the equity contract depends mainly on the duration of the option and market volatility.
虚值：当期权合约的行权价格对于认购期权来说高于标的资产的当前价格，或对于认沽期权来说低于标的资产的当前价格时，该期权合约被称为虚值合约。虚值合约没有内在价值，只有时间价值。投资者无法从虚值合约立即获利，因为在当前价格下行使期权将导致亏损。对于认购期权，虚值合约的标的资产价格低于行权价格；对于认沽期权，虚值合约的标的资产价格高于行权价格。
Hypothetical value: A right price for a current option is higher than the current price of the asset for which it is claimed or the current price of the asset for which it is considered less than the target. A default contract has no intrinsic value, but only time value. Investors cannot profit immediately from a default contract because the exercise of the option at the current price will result in a loss. For a right to purchase, a wrong-value contract has a price for the asset that is lower than the right price; and, for a right-taking right, the price for the asset that is the subject of a default contract is higher than the right price.
选择好期权合约后，最后一步就是卖出的操作，如果方向判断正确，合约在正确的判断下盈利后，买方就可以直接点击卖出平仓的操作了。
When you choose a good option contract, the last step is to sell the operation , if the direction is right and the contract is profitable with the right judgement, the buyer can click directly on the sale of the silo operation. /span >
期权的买卖流程还是比较容易理解的，只是需要对期权品种有深入的了解和认知，建议多磋磨和学习。
The buying and selling process of
更多期权知识来源：期权酱
Additional options knowledge source: options sauce
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