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(1)按期权的权利划分,有看涨期权和看跌期权两种类型:

1.看涨期权(Call Options),是指期权的买方向期权的卖方支付一定数额的权利金后,即拥有在期权合约的有效期内,按事先约定的价格向期权卖方买入一定数量的期权合约规定的特定商品的权利,但不负有必须买入的义务。而期权卖方有义务在期权合约规定的有效期内,应期权买方的要求,以期权合约事先规定的价格卖出期权合约规定的特定商品;

2.看跌期权(Put Options),是指期权的买方向期权的卖方支付一定数额的权利金后,即拥有在期权合约的有效期内,按事先约定的价格向期权卖方卖出一定数量的期权合约规定的特定商品的权利,但不负有必须卖出的义务。而期权卖方有义务在期权规定的有效期内,应期权买方的要求,以期权合约事先规定的价格买入期权合约规定的特定商品。

(2)按期权的交割时间划分,有美式期权和欧式期权两种类型:

1.美式期权,是指在期权合约规定的有效期内任何时候都可以行使权利的期权。

2.欧式期权,是指在期权合约规定的到期日方可行使权利的期权,期权的买方在合约到期日之前不能行使权利,过了期限,合约则自动作废。

3.大多数的股票期权为美式期权,指数期权一般是欧式期权。

(3)按期权合约上的标的划分,有股票期权、股指期权、利率期权、商品期权以及汇率期权等种类。

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