请教一个看涨期权行权时的问题

$京东(JD)$
看涨期权行权时，我是获得（到期价格-行权价格）这么多的现金收益还是真的要以行权价格买入标的股票？
如果必须要以行权价格买入股票，帐户里的资金不够会怎么样？
多谢

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

Seven8
2017-06-09
Seven8
首先，你可以不行权，直接在到期日之前把期权卖了，获得期权的收益。
然后，如果是价内期权，你希望行权持有正股，账户内保证金要够支付行权价格，否则有可能两种情况：1）因为是价内期权，自动在到期日行权，但是保证金不够会在下一个交易日开盘被强平不够的部分。2）保证金差了太多，直接期权平仓，会以到期日的公允价值平仓，如果这个价格相对你的买入价格还有赚，你会获得期权收益。
- Emilyz:
  学习了
老陆点五
2017-06-09
老陆点五
期权新手同问这个问题，因为我买的第一手期权6月底也到期了。按照期权的原始初衷，应该就是这么设计的，尽管听说真正持有到期的人是少数。
- 老陆点五回复布布:
  所以说，末日期权买入者一定要有利可图才行，毕竟他承担了最后几天的股价波动风险。
- 布布回复老陆点五:
  买入的人可以行权呀
- 老陆点五回复Seven8:
  我看一本参考书上说，好像因为期权的手续费比行权后，股票买入卖出的手续费要低，所以多数人选择到期前卖出期权。不过我很好奇，既然卖出，肯定有买入的，那么在行权日临近时，买入末日期权的人是出于哪种目的？总不见得是雷锋，做好人好事吧？呵呵！
- Seven8:
  是的，大多数期权玩家都不行权，都是直接在到期日之前将期权卖了，获得期权收益，如果行权，参考我上面说的。

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