Happy New Year everyone, it is now the Year of the Dragon in 2024. Many friends who want to play options know that a threshold of 500,000 is required to open options? So today I will give you a detailed introduction to the minimum amount that an individual can open an options account. This article will discuss the minimum amount to open an options account to help investors better understand the investment threshold for options trading. This article comes from: Option Sauce
1. Requirements for opening permissions for options
1) More than 6 months of securities trading experience, the first transaction with any securities firm shall prevail.
2) Capital verification: average daily capital of 500,000 in ordinary accounts within 20 trading days (including cash, market value, financial management, etc.)
3) Note: The first time you open it, you need to pass the ETF options simulation assessment. The full score is 100 points, and the total score must not be less than 80 points. If you pass the test, you do not need to retake the exam.
To open an options account, individual investors need to have average daily assets of more than RMB 500,000 in the 20 trading days before opening and have 6 months of financial trading experience .
Among them, financial assets include funds in the account, purchased stocks, futures, options contracts, and the market value of securities used in margin financing and securities lending.
When opening an options account, individual investors also need to meet conditions such as having no serious bad credit records, having corresponding risk tolerance, and having a certain understanding of the basics of options trading.
2. How much is the minimum amount for an individual to open an options account?
With the continuous development of financial markets, more and more investors are beginning to pay attention to options trading. Opening an option account is a prerequisite for investors to participate in options trading, and one of the issues that individual investors are most concerned about during the option account opening process is the minimum account opening amount.
The default handling fee for securities account opening options is around 7 yuan per piece, but discounts are available. Securities companies will provide option handling fee discounts within a certain range (within the cost price and the default standard). Generally speaking, the level of option fees has a lot to do with your account opening method. In addition, low fee standards can also be provided based on your transaction size and transaction frequency.
The trading objects of all products in the options market are actually contracts, so the price of the contract determines the cost of participating in the transaction. Taking 50etf options as an example, the lowest price of a real-valued contract is 500 yuan/contract, and the highest price can range from more than 3,000 yuan/contract.
The lowest price of an at-the-money contract ranges from 200-500/piece, and the highest price ranges from more than 600/piece. The lowest price of an out-of-the-money contract can be as low as 1 yuan per contract, and the highest price can range from hundreds of yuan per contract. Therefore, if you participate in options trading, one yuan is also acceptable. Of course, this does not include the handling fee, but even if the handling fee is added, it is not much higher.
First of all, we need to make it clear that the minimum amount for opening an options account varies among different securities companies and trading venues. Some securities companies may require investors to have a certain amount of capital before opening an options trading account, while some trading venues may not have clear capital requirements for investors.
Therefore, investors should fully understand the minimum amount requirements for opening an option account when choosing a securities company and trading venue.
Generally speaking, individual investors need to have certain financial strength when opening an options trading account. This is mainly because options trading is a higher-risk investment variety, and investors need to have a certain risk tolerance and financial strength to better participate in transactions.
Depending on the requirements of different securities companies and trading venues, individual investors may need to pay a minimum amount ranging from several thousand yuan to tens of thousands of yuan when opening an options trading account.
In addition to capital requirements, individual investors also need to meet certain conditions when opening an options trading account. First, investors need to be over 18 years old and have full capacity for civil conduct; second, investors need to have certain investment knowledge and risk tolerance; finally, investors need to understand the risks and rules of option trading and sign the relevant risk disclosure Letter and account opening agreement.
In general, the minimum amount for opening an options account varies among different securities companies and trading venues. When opening an options trading account, individual investors need to have certain financial strength and meet certain conditions in order to better participate in options trading.