TWI233561B - Strategic investment system of option products and method thereof - Google Patents

Abstract

A strategic investment system of option products that comprises a user's interface, an option transaction platform and a processing unit goes through user's interface to receive an investment strategy. The processing unit selects multiple first option products and second option products with corresponding investment strategy from the option transaction platform, displays the first option products and second option products on user's interface and go through user's interface to receive the option product combination, which is chosen from the first option product and the second option product and matches one selected constraint of the corresponding investment strategy recorded in investment strategy database, and goes through option transaction platform to proceed transaction with the option product combination.

Description

1233561 V. Description of the invention (1) The technical field to which the invention belongs The present invention relates to an investment system and method for an option product, and in particular to a strategic investment portfolio that can automatically provide an option product according to a user's investment strategy Strategic investment systems and methods for options. Prior technology With the popularization of financial management concepts, various financial management tools such as funds, bonds, stock markets, futures, etc. have also become one of the most common financial management methods for ordinary investors. With the trend of diversified financial management, Option commodities have become one of the latest investment tools. The option is a right to buy or sell a certain product. The buyer sells the product at a certain price and a fixed amount within a fixed period of time. The option includes call and put. Bottom: | Blade, knife, long a call) and selling and buying are divided into buying ^ ^ ^ ^ ^ ^ ^ ^ ^: 4 α2: 夂 Going: If the price of the product is greatly bathed, the benefit will be limited. The future price trend is not as good as expected. A u Γ reverse (Premium) is the maximum loss. The future commodity price of the right, limit, and premium will fall slightly, and you can sell a limit. When the investor predicts the future price is slightly If you sacrifice, you will earn the right text: If 'the merchant, if the price of the product is not as good as the price of the text, the profit will be limited; the anti-expectation will increase the chance of compliance, so

1233561 V. Description of the invention (2) Unlimited risks. Put options are divided into Long a Put and Sell One (Sh〇rt a

Put). Investors can buy and sell the right when the price of the commodity is expected to drop sharply in the future. At this time, if the price of the commodity drops sharply, the profit will be unlimited; if the price of the commodity in the future is not as expected, the premium paid will be 2 max. Loss, so the risk is limited. And when the investor expects that the future price of the product = the price can be sold-the right to sell is 'at this time' if the future price of the product is small, it will earn a premium, so the profit will be m; otherwise, if the price of the product is not as good as expected, then The chance of compliance is greatly increased, so the risks are unlimited. To put it simply, when investors are bullish on the grass-the business maker can be ★ ★ Fighter Beibai has a wild couple of two, then invest in the right to buy the product, and when the investor sees it, the investor can take the risk Qi Rui. Evening 矣 The risk principle behind Shangkoukou is beijing. The sales promotion of Haishang 0 mouth will distinguish the most consistent profit and wind = Liyue choose the right as an example. Each-option right can be, the product has its own transaction price; this :: Take-select: 'The market will There are at least dozens of types at the same time: Because the basic theory of the right to choose is complicated and currently lacking. The current information is given to investors. Because of A, the general investment: 5 mechanism is used to expose the better choice of investment target among the right options; The "correction" caused the development of the option market. In addition, because the conventional option commodity trading interface provides users with a single choice, it only provides the trading behavior of Pass 0, and it is 〇78l.9535TW (Nl); yianhou .ptd iH IS ^ ·

Page 51232351 --------- V. Description of the invention (3) A user makes a strategic investment mechanism, therefore, it is not described: the "stable transaction type" makes it generally lack of users who choose σ 硪It is not easy to cut into the investment in option commodities and hinder the growth of the option commodity market. In view of this, the main purpose of the present invention is to provide a strategic investment group 2 that automatically transfers options to an asset transfer strategy. Strategic investment systems and methods for options. In order to achieve the above-mentioned purpose of the invention, the selection of the rights of the user is achieved by the detailed investment system and method provided by the present invention. According to the embodiment of the present invention, the investment strategy of the option product includes a user interface, an option trading platform, and a turnkey user interface to receive an investment strategy: the interface is not received by the user; select == Shows the combination of the first option product and the second option product specified in the user's option product, and selects the transaction with the option of selection restriction through i-selection and omission.琏 Choose the core platform to combine the right selection products into the building selection trend according to the embodiments of the present invention ^ First, the user interface receives a strategic investment method, and the first platform chooses the corresponding investment: the choice of the strategy Right trading right commodity. After ', the first-selection :: right: product and the second option 隹 殉 σ 口 and the second option product are displayed 0781-9535TW (Nl); yianhou.ptd page 61233561 V. Description of the invention (4) _ ; User interface, and receive through the use of the second option right σσ "quote from the first option option-selection avoidance: the selection of the corresponding investment strategy in the commercial investment restrictions into the option product portfolio, and Choose the right intersection to trade. Ding σ will choose the right supplier. In addition, the processing unit will display the detailed details of the corresponding investment strategy in the user interface. Strategy Profit Analysis Chart and Strategy Implementation Method Investment Strategy Λ V Strategies for options that do not follow the options of the present invention. The investment of the option goods according to the embodiment of the present invention is as follows: a user interface 11, a processing unit 12, a poor material warehouse 13, and an option trading platform η. It is noted that the embodiment of the present invention takes the second choice of the Taiwan weighted index as an example. Among them, the investment strategy is the future view of corresponding options and commercial rights. < Comment "The user interface 11 is used to receive the investment strategy specified by the user and display, select, and automatically select the selected option products based on the investment strategy. In addition, the user can also select and select through the user interface 丨 丨Of the option products, the target of the option product to be invested is selected. The option trading platform 14 can provide information about all option products in real time, including options, product content, performance price, and transaction price, etc., and provide users Perform real-time option commodity transaction behavior. Note that in this embodiment, the user can input data and obtain the selected option commodity information through the network and user interface. However, the present invention is not limited to Therefore, in a non-network connection

0781-9535TWF (N1); yianhou.ptd

1233561

V. Description of the invention (5) In the end case, the user also runs through the stand-alone interface. The processing unit 12 selects a plurality of option commodities corresponding to the investment strategy by the option trading platform 14 and displays the option commodities on the user interface 11. The processing unit 12 may retrieve the selection limit of the corresponding investment strategy from the investment strategy database 13 according to the investment strategy to restrict and receive the option product combination selected by the user interface 11 and provide the real-time option product according to the single factor transaction. In addition, the processing unit 12 further displays the corresponding profit analysis chart and strategy details according to the investment strategy. For example, the detailed information of the option portfolio is displayed on the user interface 11. The investment strategy database 13 records the investment strategies provided by the system and the corresponding selection logic of j. Among them, investment strategies can be divided into eight categories, and they are divided into: · big 'Zhang, big fall, no> Zhang, no fall, big trip or big fall, consolidation, mild rise, and mild decline. Next, different investment strategies are explained separately ~ ΤΓ · 1) Rise When the investment strategy is soaring, Zhang 'then the processing unit 1 2 when the options are all the option vendors with corresponding call rights, the investment strategy database丨 3 can be limited to the limit can only choose ^ limit. That is, the user judges that the future market trend is the option commodity selected by the large trading platform 14 and the order factor is buy. Selected options for the corresponding soaring investment strategy, or no

Figure Selection Figure 2A shows the corresponding display. Among them, the slashed option option's $ and capital strategy is a sharp rise: the time part is the profit analysis chart of the user's profit I contract price (performance index). Areas such as; a 1 point represents, a2 point represents two profit and loss

1233561 When the price is down, the commodity can be restricted at any time. The part of the investment strategy is the performance price of the performance product, and ’loss of the performance price; c2 points to recruit the & At this time, the maximum possible gold of the user who transfers gold and products is used, and the maximum loss of the user is greater. Tianma does not deal with it as the corresponding asset strategy, limited to slightly less users; d2 points. The larger this user is. V. Description of the invention (7) Representation of the selected option goods The selected option provider is profitable for the right to receive it 'when the index rises more (4) Does not fall When the investment strategy is not the option chosen by Taiwan 14 The right order factor is sell. The decline in the selected commodity of the investment strategy, or the corresponding diagram shown in Figure 2D is not carried out. Among them, the slashed selection of the option commodity indicates that the selected option provider is profitable for the right to receive it when the index falls. The more (5) the big rise: or the big fall, when the investment strategy is a big rise or a big fall, choose two sets of options and a second option. Select the option commodity with the first 'next morning factor. Here, the option commodities of the call option and unit 12 are traded by the option option options, and the corresponding information is recorded in the f database 13, and only one option analysis of the profit when the option declines can be selected. If the area is profitable; d 1 point represents the two points of profit and loss; d 3 points 4 'When the user's maximum possible maximum possible loss is a gain or a fall, that is, the user determines that the future market situation, the processing unit 12 is 14 trading options on the option trading platform. · Multiple first option products and multiple ones. The 'order factor also includes the first ordering factors and situations corresponding to the first and second selected option products. Choosing the right option for the corresponding second option

1233561 ------------- V. Description of the invention (8) Right-selected commodities, and the next one is to buy. The first-order factor and the second-order factor-weighted commodity in the early factor. The first-selection-second-selection option = choose from the product through the user interface 11-select the option product and the corresponding increase or Ϊ́ ί 1 At this time, the investment strategy database 13 records the performance of the options and the selection restrictions are limited to the first selection option 2E Figure _ ^ not less than the second selection option products Strike price. Illustration. … Or profit analysis in the event of a sharp fall Second, select the option provider. ^ Stomach Milk & The performance price of the selected product is equal to the user's profitable performance: as shown in the following:… Among them, the slashed part of the price; the point of ㈡ and 二 represents the performance index of Yi Er1's non-option product is large Up or down 可; can; official: person =: the profit is unlimited, when the premium, that is, no profit, and the user's maximum possible loss is (6) consolidation 14 choice :: 2 rights: f The processing unit 12 consists of the option trading level and a plurality of second option commodities. The option commodity should be selected-the option commodity and the first _, :::, and also include the phase factor and the second order factor &第一 The first order of the option product is the option of the corresponding call option @ 口 ^ 情 =, the first option product of the option option is selected, ΐϋ: the selected option product is the corresponding sell order factor and is sold. The first-order factor and the second order in the early factor η 〇781-9535TW (NI); yianhou.ptd page 11 1233561

Choose through the selection. At this time, the selection of the limited selection strategy is to make the selected selection representative. Failure of this user. The selection price is selected by the first option database 1 3 respectively. Profit analysis area; f 1 second selection; f 5 point table maximum loss is unlimited. If the point and f 2 options are shown, they will be profitable. Dangzhi V. Description of the invention (9) Therefore, the user can choose the product of the investment strategy corresponding to the second option option product and the second option option product. The performance price is greater than the corresponding selection shown in Figure 2F of the second option, where the slash points indicate the performance price of the selected first commodity; f3, f4 The option product combination becomes the premium received; and It will be detrimental when the number rises or falls. (7) Moderate last move. When the investment strategy is mild and easy platform 14 choose two aggregators and a plurality of second choices. The corresponding first choice option and the second order choice factor The order _ order of the commodity and the second selection option order factor is placed. Therefore, the user can select the first option and the second option option user-user interface of the second option option. 1 1 The first option 'investment strategy system restricts the performance of the second option option to the user's profit at the time of consolidation. When the option goods and the profit and loss are equal, when the user is most likely to lose more than one sheet, the processing unit 12 selects the selected option goods: a plurality of first-party goods. Among them, the order factor is also the commodity and the second selected option commodity. In this case, the first selected commodity is the option quotient of the corresponding call option. The factors are buy and the second order factor. Through the user interface 1 1, a first selection option is selected from the first one respectively. At this point, the investment strategy database! 3 The right of choice includes the right of the first option, and it is recorded in order to sell one option.

0781-9535TW (Nl); yianhou.ptd Page 12 1235561 V. Description of the invention (10) Restrictions on the selection of correspondingly rising investment strategies restrict the performance price of the first selected option product to be less than the performance of the second selected option product price. Figure 2G shows the profit analysis when the corresponding investment strategy is a mild rise. As shown in the figure, the oblique line is the area where the user is profitable; points gi and g2 represent the strike price of the first selected option product and the second selected option product respectively; g3 point represents the profit and loss level Points; g4 points represent the cost of completing this option product combination (ie, the maximum possible loss); g5 points make the maximum possible profit for the two equal points of profit and loss to the performance price of the first selected option product. (8) Mild decline: When the investment strategy is a mild decline ', the processing unit 12 selects two sets of option goods from the option exchange = flat 〇14: plural commodities and plural second option commodities. 2Select 柘 Do not select the corresponding first-selected option and ::: 2: It also includes ordering factor and second ordering factor. : 2: = 4 The first commodity and the second selected option are the corresponding selling rights. The child is Beijin and the second order factor is sell. Therefore, the user can choose the first option and the second option option through the right option and the second option. This: The investment option of the selected option and the corresponding mild decline in investment policies are recorded in the Database 1 and 3. The performance price of the option option is large: the first-selected option of the selected option__ Shows that the corresponding investment strategy is moderate? I :: ;;;; .. 0781 ~ 9535TW (N1); yianhou.ptd page 13 1233561 V. Description of the invention (11) Figure. As shown in the figure, the oblique lines, '* points and h2 points respectively represent the selected j-th area where the user is profitable; hl option exercise price; h3 points The cost of this option product combination (g flat point of profit and loss; h4 point indicates that the maximum possible profit of the finisher is the maximum possible loss of two P); h 5 points uses the exercise price. Point to the first selection of options, therefore, through the above-mentioned investment carefully 12 can accept the selection limit of the user's choice ^ =, processing the body of the ticket: after f certificate through the option ϊ = ::: pay; After the appropriation, as shown in the figure, the user guide Qin places an order and confirms two options. The product area of the right is 1200,-1 :: "3", a profit analysis area of 1400, and a strategy. The detailed area uses ϋ 'Investment Strategy Area 1100' to include the above eight investment strategies to select different investment strategies in the Investment Education Strategy Area 1100. After the user selects the investment strategy, the processing unit 12 is flattened out by the option transaction. The option commodities will be displayed in the option commodity area 1 200. The option push commodity area 1 200 mainly includes a first option commodity area 121, which is used to display the first option commodity selected for different investment strategies, a The second option product area 1 220 is used to display different investment strategies, the second option product and a selection area 123. are used to determine the corresponding first option product and / or the second option Product. When the user selects the option provider After the product is purchased, the W data of the corresponding selected option product will be in the order confirmation area 1 300. Note that at this time, the user can re-

1233561 Description of the invention (12) __ Compilation of profit analysis chart and option products The second one will analyze the chart area 1 400 and the strategy detail area 1500. ·, in profit = 4 The operation flow of the method of selecting the right of the embodiment of the invention. ≪ The strategic investment of the right of the option product according to the embodiment of the invention by Dongluo Investment is two steps, and the user interface is used to receive the investment strategy. Then, In step S42, the option trading platform selects the first option product and the second option product. After that, the first option product and the second option product are displayed after the user ^ on the interface, such as Step ^ 4: Receive the combination of the first option product and the second option product specified by the user interface and conforming to the corresponding investment strategy, = restricted-option option product combination, and according to step S45, according to the combination of l ° σ ° With the corresponding investment strategy, the single factor is traded through the option trading flat. In addition, the profit analysis chart and strategy of the corresponding investment strategy are more obvious than the user interface. Among them, for different investment strategies = The selection restrictions are also as described above, so I will not repeat them here. Therefore, by using the strategic investment system of the option commodity provided by the present invention, and the method, the selection can be automatically provided according to the user's investment strategy; Strategic investment portfolio of products, thereby increasing the transaction diversity of option commodities: It also makes it possible for users who generally lack option knowledge to simply enter the field of option commodity investment, thereby enhancing the growth of the overall option commodity market. Although the present invention has The above is disclosed in a preferred embodiment, but it is not used to

0781-9535W (Nl); yianhou.ptd Page 15 1235561 V. Description of the invention (13) Limits the invention. Anyone familiar with this art can make some changes and retouch without departing from the spirit and scope of the invention. Therefore, the scope of protection of the present invention shall be determined by the scope of the appended patent application.

I

0781-9535TWF (N1); yianhou.ptd page 16 1235561 Brief description of the diagram 1 220 ~ second option commodity area; 1230 ~ selection area; 1300 ~ order confirmation area; 1 4 0 0 ~ profit analysis chart area ; 1 5 0 0 ~ strategy detail area; S41, S42 ..... S45 ~ operation step 0

I im0781-9535TWF (N1); yianhou.ptd page 18

Claims (1)

1233561 ---------- /),) (VI. Patent application scope '^ ^ " ^ Strategic investment system for a variety of options, including user interface for receiving an investment strategy; 2 Selection = trading platform; and a little more complex ^ Ϊ ::: The option trading platform chooses the corresponding investment strategy first-selection rights product and plural second options right & And the second option product, and the user interface is composed of the first option product set and the first option product set. One of the two options is the following: 1 in the patent scope The strategic investment of the option products mentioned above :: The option trading platform is based on one of the corresponding option factors of the option product portfolio and the ordering factor for trading. 3. · If the scope of patent application is the first item In the described option system, the processing unit will further display the corresponding graph in the user interface. Taking the profit share of%, such as: = the option product described in the first item of the range Strategy investment ii ::; The processing unit will also correspond to the combination of options of this option-朿 The details are not shown in the user interface. 5. As described in item 2 of the scope of patent application, the shell system of the option product, in which when the investment strategy is soaring, each-the registration (the right product and each These second option commodities are related products, and the order factor is a purchase option vendor ... 6. The poor system of option commodities as described in item 2 of the patent application scope, where When the investment strategy is down sharply, every such first choice 0781-9535TWF (N1); yianhou.ptd Page 19 1235561 Sixth, the scope of patent application-right products and each-▲ xionggu 0 The second option product of the net is the option of the corresponding option, and the The order factor is buy. If the strategy of the option product and the ily investment strategy described in item 2 of the scope of the patent application are dissatisfied, each of the first option α and the far second option product is the corresponding option. Choose the right price, and the order factor is sell. For example, please refer to the strategy of the right option product described in item 2 of the patent scope to invest in the right option; when the investment strategy is not to fall, each of these first options The early factor for the option quotient a for the corresponding put option is sell. The asset system is as described in item 2 above, the option investment strategy of the option product, etc., the option product group ☆ package, do n’t be assigned by the 1st, 1st-selector ... -The selected option should be the first option product and the order factor includes a first option factor and a second order factor, respectively, for the option option and the second option option. The No. 1 car is the option right product as described in item 9 of the scope of patent application by Gan; when the strategy is to make a big profit, the No.-selected option is the No. 1 option right product of the second bank The early option factor and the second order factor are selected as buy. In the. Haidi-Xiayi: Second, the strategy for the selection of merchandise described in item ii of the scope of patent application II :! i, where the selection restriction restricts the performance of the first selected option product to be no less than the strike price of the second selected option product. b. 〇 1233561 VI. The scope of patent application 12. As described in item 9 of the scope of patent application, the strategy investment two system of the option product, wherein when the investment strategy is consolidation, the first option product and the second option option The option commodity that should be sold in Si year, and the child and the second order factor in the order factor are sold. The following is due to the strategy of the option product as described in item 12 of the patent application scope, wherein the selection restriction restricts the performance price of the first option to be greater than the performance of the second option product; ^: option Business. . 14. The option as described in item 9 of the patent scope, which is: when the investment strategy is a mild opening, the first; * quotient. . The second selection option with δ Xuan is the option option corresponding to the call option, and the first order factor in the order factor is buy: = right two. The single factor is sell. q Only the strategy of the first option product described in item 14 of the patent scope The selection restriction is to limit the performance of the -selected option product, which is less than the performance price of the second selected option product. ° The investment strategy of the option product as described in item 9 of the patent scope is as follows: when the investment strategy is a moderately falling product, and the order factor; the option contract for the sell option The factor is sell. The Xuandi-Xia early factor is the purchase and the second next 17. The investment system of choice as described in item 6 of the patent application scope, wherein the selection limit is limited to 哕, 、, 登 ~ σ ϋσ 朿The strike price is greater than the second selected option; a & the option price of the option, the option, and the audit option. 0781-9535TWF (Nl); yianhou.ptd page 21 1233561 六 、 Applicable patent scope 1 8 · If you apply for a patent scope capital system, where the investment strategy, the strategy of the option product mentioned, and other options of the second option product ^ should wait for the first option product and the 19 . A future view of the me token. Steps: (1) A strategy method, including the following steps to receive an investment strategy through a user interface; (2) Buried soil: the option trading platform selects a plurality of option commodities and a plurality of second option commodities corresponding to the investment strategy; t The plural is omitted-the first option products are ranked-the user interface: & 4 option products are displayed on the second ϊ ί Ϊ this! The user interface consists of the first option commodities and one of the option commodities specified in the first and option commodities and meeting one of the restrictions of the corresponding investment strategy. Where ^ 〇 · The strategic investment method of options as described in item 丨 9 of the scope of the patent application, which further deals with the option trading platform based on the order option combination and one of the corresponding investment strategy order factors. 2 1 · The strategy of the option product as described in item 19 of the patent application scope. The investment method 'further includes displaying a profit analysis chart corresponding to one of the investment strategies on the user interface. 2 2 · The strategic investment method of the option product as described in item 19 of the scope of patent application, further including displaying a strategy detail corresponding to the option product combination on the user interface. 2 3 · The investment strategy of the option commodity as described in item 20 of the scope of patent application, wherein when the investment strategy is soaring, each of these first choices 0781-9535TW (Nl); yianhou.ptd Page 22 1233561 VI. Scope of patent application The option products and each of these second option products are the corresponding options, and the order factor is the purchase. Where. 24. The strategic investment method of the options as described in item 20 of the scope of the patent application, wherein when the investment strategy is in a sharp decline, each such first option and each such second option The option commodity is the corresponding put option, and the order factor is buy. & Times 25. The strategy investment method of the option goods as described in item 20 of the scope of patent application, wherein when the investment strategy is not up, each of these first option providers. The second option product of the mouth and the mother is the option product of the corresponding call option, and the order factor is the sell. 2. Fanci 26 · The strategic investment method of option commodities as described in item 20 of the scope of patent application, wherein when the investment strategy is not falling, each such first option commodity and each such option commodity The second option commodities are the option commodities with corresponding selling rights, and the order factor is selling. Fan Er 27. The strategic investment method of the option product as described in item 20 of the scope of the patent application, wherein the option product combination includes a phase between the option product and one of the second option products, respectively. m: t 萑 commodity order factors include respectively; the first order selection factor and the second order selection factor should be one of the first selected option commodity and the second selected option commodity. 28. As described in item 27 of the scope of the patent application, the strategy of the option commodity is poverty = method, wherein when the investment strategy is ups and downs, the first option option is the corresponding option option and The second selection commodity is a corresponding option option, and the first selection factor in the order factor 〇781-9535TWF (Nl); yianhou.ptd Page 23 1233561 6. Scope of patent application " — ~ 1— The order factor and the second order factor are buy. Where times 2 9 · The strategic investment method of the option product as described in item 28 of the scope of patent application, wherein the selection restriction is a limitation that the performance price of the first option product is not less than that of the second option product Strike price. 30. The method for strategic investment of options as described in item 27 of the scope of patent application, wherein when the investment strategy is consolidation, the first selected option is the corresponding option and the second selected option The option commodity is the option option corresponding to the put option, and the first order factor and the second order factor in the order factor are sold. 3 1 · The investment strategy of the option product as described in item 30 of the scope of the patent application, wherein the selection restriction restricts that the performance price of the first selection option σ is greater than the performance of the second selection option price.叩 32. The method of strategic investment of options as described in item 27 of the scope of the patent application, wherein when the investment strategy is a modest rise, the first option and the second option are 0 It is an option product corresponding to the call option, and the first order factor in the order factor is a buy and the second order factor is a sell. 33. The strategic investment method of the option product as described in item 32 of the scope of the patent application, wherein the selection restriction restricts that the performance price of the first selected option vendor σ is less than the performance price of the second selected option product. 34. The strategic investment method of the option product as described in item 27 of the scope of the patent application, wherein when the equity strategy is a mild decline, the first option-the option product corresponds to the second option option product Choice of $$ commodity, and the first order factor in the order factor is the buy and the second order 0781-9535TWF (N1); yianhou.ptd Page 24 1233561 6. Scope of patent application The order factor is sell. 35. The strategic investment method of the option commodity as described in item 34 of the scope of the patent application, wherein the selection restriction restricts that the exercise price of the first selected option commodity is greater than the exercise price of the second selected option commodity. 36. The strategic investment method of the option commodity as described in item 19 of the scope of the patent application, wherein the investment strategy is the future view of the option option corresponding to the first option commodity and the second option commodity. 0781-9535TWF (Nl); yianhou.ptd page 25