Recommendation of option strategy in 2022
Recommendation 1: reserve strategy
At present, the valuations of SSE 50 and CSI 300 indexes are near the three-year average level, and the valuation level is relatively reasonable. In the case of marginal decline in performance expectations, the possibility of significant increase in valuation is also relatively low. At present, the trend of partial shock may continue for some time.
Sell the call option with the value m of the current month between 1.02-1.07, and move the position 5-10 trading days before the expiration
Recommendation of option strategy in 2022
Recommendation 2: index enhancement Fund + put call option
Last year’s annual report counted the index enhancement funds whose benchmark index is SSE 50 or CSI 300 index, with large scale and stable enhancement effect. Generally speaking, the top 10 funds with enhancement level from 2017 to 2020 still performed relatively well in 2021, with an average quarterly increase of 1.55%.
Recommendation of option strategy in 2022
Recommendation 3: choose the opportunity to long volatility
Each option volatility index continued to decline in 2021. At present, the 50ETF option volatility index is close to the bottom of the historical 20% quantile (15). Historically, except for 2017 with very low volatility, the volatility index rarely stayed below this value for a long time.
Event driven: Overseas focus on the tightening process of liquidity, China focus on the impact of the downward pressure on real estate on economic operation, and whether it will affect the profit expectation of a shares.
