w88 casino News (provided by China Institute of Finance)On the afternoon of May 22, the "Financial Derivatives" course group held a practical lecture on "On-exchange Option Design and Trading Strategies" in Room 412, Boxue Building. Mr. Ma Pufan, chief analyst of financial engineering at China Galaxy Securities Research Institute, was invited as the guest speaker to systematically introduce the logic of on-exchange option design in my country and the trading strategies commonly used in industry practice. This lecture is also a practical activity of the "Investor Education Cooperation Memorandum", which organically integrates investor education into university classrooms. The memorandum was jointly sponsored by the w88 casino, the Beijing Bureau of China Securities Regulatory Commission, the Shenzhen Stock Exchange, and China Galaxy Securities Co., Ltd. Students in the practice group of the "Option Design and Application" course listened to the lecture, and Feng Jianfen, the teacher of "Financial Derivatives", presided over the lecture.
Mr. Ma Pufan first introduced the financial options currently launched in our country and the design logic of their terms. On this basis, combined with practical experience, the skills of contract selection in trading were shared, emphasizing the importance of option type, expiration month and exercise price selection, as well as the role of trading volume, open interest, implied volatility and other indicators in selection.
Further, Mr. Mapufan analyzed the current situation of on-exchange options trading in my country based on option risk indicators and the trading activity of different types of options. Mr. Ma pointed out that in actual trading, since many traders choose to close option positions before expiration, it is not of much reference significance to only understand the profit and loss at option expiration. A more appropriate analysis method is to observe the actual market value changes of option prices before expiration. Regarding option investment strategies, Mr. Ma said, "Option returns mainly come from volatility analysis and option sentiment control, rather than market judgment." This is the value of the implementation of option portfolio strategies.
Finally, Mr. Mapfan shared his views on options trading based on practical experience. He believes that option trading is not a static buy-and-hold process, but a continuous dynamic adjustment process; options can more accurately express investors' attitudes towards the market, and can play a greater role in gain and risk management performance when combined with other investment portfolios. He hopes that students can increase their interest in option applications and contribute to the healthy development of my country's options market.
This lecture conducted a detailed analysis of the trading rules, practice methods, strategy selection, strategy implementation precautions, the trading literacy that options trading should have, and the application of options in fund asset allocation in my country. It improved the students’ understanding of my country’s options market practice and provided technical reference and psychological guidance for students to practice options trading more reasonably and effectively.
