新手初操作，请教价内期权到期时的处理问题

2017-07-13

$京东(JD)$ 新手刚开始操作期权，知道这里很多甚至主要操作目的是对期权权利金本身的低买高卖，我想问的问题有：
1. 我看一些期权的成交量不大，会否有可能即便是在价内赚钱的，在到期日时或临近时挂牌（价格肯定小于等于直接买正股），但成交不了的？
2. 行权日行权是系统自动还是必须自己手动操作？如果自己没手工操作，系统如何处理？
3. 接问题1，在到期日，如果头寸不到，行权即可。问题是资金只够行权一部分，系统对于多余的部分会如何处理？

因这个问题还不清楚，稳妥起见，第一次操作，在到期前一天卖了京东，还不错卖在当天最高点。

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

明亮蓝影
2017-07-13
明亮蓝影
第一次买收益就112%，让99%做期权的汗颜……那些成交量很低以及未平仓合约数量少的期权流动性很差，尽量别买，除非有内幕消息交易确定大涨，行权日到了如果你账户可用资金足够就自动行权，你也可以去IB网站手动行权
- 明亮蓝影回复Ewind:
  资金不够好像一股都不可以行权，我也是听人家说的，到现在还没有行权过呢……
- Ewind:
  不敢，纯属侥幸，谢谢提醒。资金不够行权的部分是否就浪费掉了？
Tony特别帅
2017-07-13
Tony特别帅
一般挂低点也就能卖了，如果你不卖到期系统会给你强平。
- Tony特别帅回复Ewind:
  收盘
- Ewind回复Tony特别帅:
  系统自动平仓/行权是发生在到期日的开盘时还是收盘时？
- Ewind回复Tony特别帅:
  多谢
- Tony特别帅回复Ewind:
  钱够就是2，钱不够就是1或者3。
- Ewind回复Tony特别帅:
  哦。之前我理解你说的强平理解错为强行行权了，所以这里的问题就是系统是自动平仓还是行权呢？下面的1、2、3哪个正确？
  1. 自动平仓：到期如果自己不操作，系统自动按内在价值卖掉，所以也没吃亏。
  2. 自动行权：如果账户资金足够，自动行权，自动按约定价格买入正股。
  3.自动行权+平仓：资金够买几手就买入对应的正股，不够部分平仓卖出获得内在价值。

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