Is bitcoin option real delivery
I don't think digital currency will have any impact on my life at this stage, but it will have a greater impact on my life in the future
01, 200 yuan digital currency is coming, which has little impact on daily life at this stage< p> With the advent of the Internet era, online payment has become the mainstream means of payment, and people use less and less cash. on October 12, 50000 people were selected from a district of Shenzhen to issue 200 yuan of digital currency to them, and then they were asked to test the effect of digital currencythis matter soon aroused the National hot debate. Many people may not know what the digital currency is. digital currency is not a paper currency, it can be regarded as a of electronic currency. Generally, electronic money is bank card, transportation card, or we often use WeChat payment or Alipay payment. p>
the most important thing is that the central bank can find out who the other party is through information such as transfer, and the digital currency transaction can not be rejected by businesses , which is equal to cash. If the digital currency is fully used, then the era of cash may end and people's life will be more convenient
The so-called option is to predict the future rise and fall. It is not difficult to understand, but it has obvious advantages over futures contracts. For example, the price of bitcoin futures contract fluctuates a lot. If you can't control it well, you will burst every minute, and you need margin and handling charges
but bitcoin options are totally different, just like bitcoin options in bitofer, which have neither margin nor service charge, let alone burst positions, and simply predict the rise and fall. The time cycle is diversified, including 2 minutes, 5 minutes, 15 minutes, 1 hour and 1 day. You can play at any time. You can make full use of the fragmented time and have higher flexibility. If you don't keep a real-time eye on the contract, it's easy to blow up the position if you are careless
The last is return. Sometimes options are much higher than contracts. Why do you say that? The contract basically depends on leverage. If you have a very low leverage ratio, it will have no effect. For example, if the current price of bitcoin is 10000 points, you think it will fall in the next five minutes. Therefore, you open a five minute put option and consume five usdtsas expected, bitcoin has dropped 500 points in 5 minutes. After 5 minutes settlement, you get 500 usdts, which is equivalent to 100 times leverage return compared with the principal. This is that we think that the bitbuffer option is more in line with the current trend, and it is expected to go online in mid October
for example, an investor holds a CSI 300 call option with an exercise price of 2300 points for delivery in the current month, assuming that the settlement price for delivery at maturity is 2302 points. Then, the investor will receive cash (2302-2300) * 100 yuan = 200 yuan after delivery, and dect the handling charge for payment of delivery
in order to protect the rights and interests of investors and promote the rational operation of the market, overseas markets generally adopt the system of automatic exercise of rights by exchanges on behalf of customers. Investors should consider that each option broker's handling fee is different, which may lead to automatic exercise loss because the exercise gain is less than the handling fee. In this regard, the exchange can set up a system for customers to give up the application for exercise
the real delivery of options refers to the delivery of the subject matter to the option buyer at the exercise price for an option contract that is e and open, and the contract is completed by the delivery of the actual subject matter. The real delivery of options is mostly used for indivial stock options. When the call option is exercised, the seller of the option needs to deliver the stock position to the buyer of the option. However, the real delivery of stock index options needs to deliver a basket of stocks, which is complicated, costly and less feasible
based on the research of the most active stock index options in the world, it is found that all the top eight stock index options in the global trading volume in 2011 chose cash delivery without exception, and the market share of these eight stock index options procts reached 95%. The main reason why the main overseas stock index option procts adopt the cash delivery method is: for the stock index option procts, the cash delivery cost is low, the operation is convenient and efficient, so it is widely accepted by the market and investors
can effectively avoid transaction risk. For the traders who hold options to maturity, the transaction risk needs special attention, and the sharp risk is a kind of transaction risk that domestic investors are not familiar with but can not be ignored. Sharp risk refers to the risk that it is difficult for the average option holder to predict whether the option will be executed because the underlying price fluctuates near the strike price near the expiration date. From this case, it is not difficult to see that cash delivery is an effective way to avoid sharp points.