(1) According to the nature of options, financial options are divided into call options and put options.
Call option means that the buyer of the option has the right to buy a certain number of basic financial instruments at the agreed price within the agreed period. Put option means that the buyer of the option has the right to sell a certain number of basic financial instruments at the agreed price within the agreed period.
(2) According to the different performance time stipulated in the contract, financial options are divided into European options, American options and modified American options.
European options can only be exercised on the option expiration date; American options can be exercised on any business day on or before the option expiration date; The modified American option can be exercised on a series of specified dates before the option expiration date.
(3) According to the different nature of the underlying assets of financial options, they can be divided into equity options, interest rate options, currency options, financial futures contract options and swap options.
Stock options include single stock options, stock portfolio options and stock index options. Interest rate option refers to the right of the buyer to buy or sell interest rate instruments with a certain denomination at a certain interest rate within the validity or expiration date of the contract after paying the option fee. Currency option refers to the buyer's right to buy or sell a certain amount of foreign exchange assets at the agreed exchange rate within the validity or expiration date of the contract after paying the option fee. Financial futures contract option is a kind of option with financial futures contract as the trading object, which gives its holder the right to buy and sell a specific financial futures contract at an agreed price within a specified time. Swap option is an option with financial swap contract as the transaction object, which gives its holder the right to swap with the counterparty at a specific time and under specific conditions.