Group 1 - The core viewpoint of the article emphasizes the conditions and processes for individual investors to participate in stock options trading, highlighting its flexibility as a financial tool for risk management and investment [1] Group 2 - Individual investors must meet six specific conditions to open a stock options account, including maintaining an average asset of over 500,000 RMB in their securities account for the previous 20 trading days [3] - Investors must have held an A-share account for over six months with margin trading qualifications or have experience in financial futures trading [3] - Passing a knowledge test on options is required before opening an account [4] - Participation in simulated trading is necessary, where investors must complete various types of options transactions [4] - Investors must possess a risk tolerance level classified as "active" [4] - A clean integrity record is essential, with no legal or regulatory prohibitions against engaging in options trading [5] Group 3 - The conditions for opening stock options accounts vary based on the type of investor, with institutional investors needing to meet stricter qualifications, such as having a net asset of over 50 million RMB and financial assets of over 20 million RMB [7] - Institutions must submit applications along with business licenses and financial statements, and undergo due diligence by the trading firm [7][8] - After meeting the requirements, institutions must sign agreements that outline rights and obligations before waiting for approval, which can take from two weeks to two months [8] - Once approved, institutions can access trading platforms and must deposit funds to begin trading [9]