{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"Option Jack","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/optionjack","title":"\u6e2f\u4ea4\u6240\u4e00\u76f4\u672a\u80fd\u4fee\u6b63 \u50f9\u5916\u80a1\u7968\u671f\u6b0a\u524d\u6536\u5e02\u50f9\u56b4\u91cd\u8aa4\u5dee\u7684\u554f\u984c - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/484636\">\u6e2f\u4ea4\u6240\u4e00\u76f4\u672a\u80fd\u4fee\u6b63 \u50f9\u5916\u80a1\u7968\u671f\u6b0a\u524d\u6536\u5e02\u50f9\u56b4\u91cd\u8aa4\u5dee\u7684\u554f\u984c<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/484636\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u6e2f\u4ea4\u6240\u4e00\u76f4\u672a\u80fd\u4fee\u6b63 \u50f9\u5916\u80a1\u7968\u671f\u6b0a\u524d\u6536\u5e02\u50f9\u56b4\u91cd\u8aa4\u5dee\u7684\u554f\u984c&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2020\/06\/0602-823-6.png","thumbnail_width":1286,"thumbnail_height":361,"description":"\u6e2f\u4ea4\u6240\u516c\u544a\uff08\u8a08\u7b97\uff09\u7684\u4e0a\u65e5\u6536\u5e02\u50f9\uff0c\u5f88\u591aOTM\uff08out of the money\uff09\u671f\u6b0a\u4e26\u4e0d\u80fd\u53cd\u61c9\u524d\u4e00\u5929\u8a72\u671f\u6b0a\u7684\u6700\u5f8c\u6210\u4ea4\u6216\u5408\u7406\u50f9\u683c\uff0c\u70ba\u4f55\u6703\u9019\u6a23\uff1f \u6700\u8fd1\u5e02\u5834\u8b8a\u52d5\u6ce2\u5e45\u5feb\u4e14\u72e0\uff0c\u4e00\u4e9b\u65b0\u624b\u82e5\u53c3\u8207\u671f\u6b0a\u4ea4\u6613\uff0c\u5f88\u5bb9\u6613\u6703\u88ab\u524d\u6536\u5e02\u50f9\u7684\u56b4\u91cd\u504f\u5dee\u6240\u8aa4\u5c0e\uff0c\u800c\u62db\u81f4\u640d\u5931\uff0c\u5c24\u5176\u662f\u5728\u6c92\u6709\u838a\u5bb6\u5831\u50f9\u7684\u6642\u6bb5\uff0c\u9019\u60c5\u6cc1\u51fa\u73fe\u5728\u8ddd\u96e2\u80a1\u50f9\u9060\u7684\u50f9\u5916\u671f\u6b0a\uff08Out of the money\uff09\u4e0a\u3002 \u4f8b\u59826\u67082\u65e5\u7684\u9818\u5c55\uff0c6\u670850\u5143put \u7684\u884c\u4f7f\u50f9\uff0c\u524d\u6536\u5e02\u50f9\u70ba0.01\uff0c\u5176\u5be6\u524d\u4e00\u5929\u6700\u5f8c\u6210\u4ea4\u50f9\u6216\u838a\u5bb6\u7684\u6700\u5f8c\u5831\u50f9\u70ba0.33\u9644\u8fd1\uff0c\u5169\u8005\u76f8\u5dee33\u500d\u3002 6\u6708\u4efd52.5\u5143\u7684put\uff0c\u8cc7\u4f9d\u64da\u6e2f\u4ea4\u6240\u7684\u8a08\u7b97\u4e5f\u662f0.03\uff0c\u5176\u5be6\u61c9\u8a72\u662f0.49\u9644\u8fd1\u3002 &nbsp; \u4ed8\u57162\u70ba6\u67082\u65e5\u9818\u5c55\u671f\u6b0a6\u6708\u53ca7\u6708\u7684SP trader\u5831\u50f9\u7248\u9762\uff0c\u7576\u6642\u9818\u5c55\u80a1\u50f9\u572865.10\u5143\uff0c\u4e0a\u53473.8\u5143\u62166\uff05\uff0cput\u61c9\u8a72\u4e0b\u8dcc\uff0c\u9664\u975e\u5f15\u7533\u6ce2\u5e45\u6025\u5347\uff0c\u554f\u984c\u662f\u4eca\u5929\u7684\u9818\u5c55\u56e0\u70ba\u518d\u53cd\u5f48\uff0c\u5f15\u7533\u6ce2\u5e45(iv)\u4e0b\u8dcc\uff0c50\u53ca52.5\u5143put\u4e0d\u8dcc\u53cd\u5347\uff0c\u800c\u4e14\u662f\u5927\u500d\u6578\u4e0a\u5347\uff1f \u9019\u660e\u986f\u662f\u500b\u7279\u5927\u932f\u8aa4\uff0c\u800c\u4e14\u6301\u7e8c\u591a\u5e74\uff0c\u6e2f\u4ea4\u6240\u90fd\u672a\u80fd\u4fee\u6b63\u6b64\u4e00\u554f\u984c\u3002 &nbsp; \u6211\u5011\u518d\u89c0\u5bdf60\u5143\u53ca62.5\u5143put\uff0c\u80a1\u50f9\u4e0a\u534760\u53ca62.50\u5143put\u5747\u4e0b\u8dcc\uff0c\u554f\u984c\u5747\u4e0d\u5927\uff0c\u552f\u7368\u6bd4\u8f03\u9060\u8ddd\u96e2\u7684\u884c\u4f7f\u50f9\uff08strike price\uff09\u51fa\u73fe\u554f\u984c\uff0c\u9019\u5df2\u7d93\u6301\u7e8c\u591a\u6642\uff0c\u4e26\u975e\u53ea\u6709\u9818\u5c55\uff0c\u5927\u90e8\u5206\u80a1\u4efd\u90fd\u51fa\u73fe\u9019\u7a2e\u554f\u984c\uff0c\u751a\u81f3\u80a1\u738b\u9a30\u8a0a\u3002 &nbsp; \u7576\u80a1\u50f9\u6025\u8dcc\uff0c\u5f15\u7533\u6ce2\u5e45\u4e0a\u5347\uff0c\u9060\u884c\u4f7f\u50f9iv\u6bd4\u5c0d\u8fd1\u80a1\u50f9\u8ddd\u96e2\u7684\u884c\u4f7f\u50f9\u9ad8\u51fa\u5f88\u591a\uff0c\u6709\u6642\u751a\u81f310\uff05\u4ee5\u4e0a\uff0c\u5728\u671f\u6b0aiv\u9818\u57df\u88e1\u53ebsmile skew\u3002 \u800c\u6e2f\u4ea4\u6240\u537b\u6cbf\u7528ATM(at the money)\u7684 \u4e00\u500b\u5f15\u4f38\u6ce2\u5e45\u4f86\u8a08\u7b97\u6240\u6709\u884c\u4f7f\u50f9\u7684\u524d\u4e00\u5929\u6536\u5e02\u50f9\uff0c\u624d\u81f3\u65bc\u51fa\u73fe\u9019\u7a2e\u932f\u8aa4\u3002 &nbsp; 3\u6708\u4efd\u5168\u7403\u80a1\u5e02\u6025\u8dcc\uff0c\u9999\u6e2f\u5404\u5927\u85cd\u7c4c\u80a1\u4efd\u4e5f\u6025\u8dcc\uff0c\u7576\u6642\u4e5f\u51fa\u73fe\u985e\u4f3c\u73fe\u8c61\uff0c\u4f8b\u5982\u5e73\u5b89\u4fdd\u96aa\uff0c\u80a1\u50f9\u7576\u6642\u4e00\u5ea6\u8dcc\u81f360\u5143\u9644\u8fd1\uff0c\u6211\u524d\u4e00\u5929\u6536\u5e02\u524d\u660e\u660e\u662f\u4f5c\u4e86\u5927\u624b\u7684short put\u57281.10\u5143\u9644\u8fd1\uff0c\u9694\u5929\u770b\u524d\u6536\u5e02\u50f9\u537b\u53ea\u662f0.15\u5143\uff0c\u76f8\u5dee\u7684\u500d\u6578\u5f88\u5927\uff0c\u800c\u6211\u7684\u6236\u53e3\u5373\u6642\u591a\u51fa8\u842c\u591a\u5143\u6d6e\u52d5\u5229\u6f64\u9918\u984d\u3002 \u7cfb\u7d71\u8a08\u7b97\u591a\u4e86\u6211\u7684\u6236\u53e3\u6d6e\u52d5\u5229\u6f64\uff0c\u76f4\u81f3\u5e73\u4fdd50\u5143put\u6709\u65b0\u7684\u6210\u4ea4\u70ba\u6b62\uff0c\u6709\u6642\u751a\u81f3\u4e0b\u5348\u624d\u51fa\u73fe\u65b0\u6210\u4ea4\uff0c\u4e0d\u7136\u90fd\u4ecd\u7136\u6cbf\u7528\u524d\u4e00\u5929\u6e2f\u4ea4\u6240\u88fd\u5b9a\u7684\u524d\u6536\u5e02\u50f9\u4f86\u8a08\u7b97\u3002 &nbsp; OMG\uff0c\u671f\u6b0a\u662f\u5927\u69d3\u687f\u4ea4\u6613\uff0c\u9019\u6a23\u6703\u51fa\u73fe\u4e00\u4e9b\u7cfb\u7d71\u6027\u98a8\u96aa\uff0c\u5982\u82e5\u6211\u662f\u65b0\u624b\uff0c\u4e26\u4e0d\u77e5\u5167\u88e1\u60c5\u6cc1\uff0c\u65e9\u4e0a\u958b\u5e02\u5f8c\uff0c\u7528\u76e1\u53ef\u7528\u9918\u984d\u53ca\u6d6e\u52d5\u5229\u6f64\u4f86\u4f5c\u5176\u4ed6\u4ea4\u6613\uff0c\u5f85\u8a72\u884c\u4f7f\u50f950\u5143put\u6709\u6210\u4ea4\u5f8c\uff0c\u6236\u53e3\u8cc7\u91d1\u6703\u7a81\u7136\u4ee5\u500d\u6578\u6025\u8dcc\uff0c\u6703\u9020\u6210\u8ffd\u8a0e\u6309\u91d1\u7684\u72fc\u72fd\u51fa\u73fe\u3002 \u5982\u679c\u6709\u4ea4\u6613\u904e\u671f\u6b0a\u61c9\u8a72\u90fd\u9047\u904e\u9019\u7a2e\u554f\u984c\uff0c\u4f46\u65b0\u624b\u9580\u4ea4\u6613\u53ef\u80fd\u6703\u9047\u8457\u9019\u4e9b\u7cfb\u7d71\u6027\u5931\u8aa4\u800c\u5f71\u97ff\u6b0a\u76ca\uff0c\u9020\u6210\u4e0d\u53ef\u5f4c\u88dc\u7684Over trade\u98a8\u96aa\u3002 &nbsp; \u5728\u91d1\u878d\u6d77\u562f\u6642\u671f\uff0c\u6211\u9996\u6b21\u53c3\u8207\u6046\u751f\u6307\u6578\u9060\u6708\u9060\u884c\u4f7f\u50f9\u671f\u6b0a\u4ea4\u6613\uff0c\u56e0\u70ba\u6211\u7576\u6642\u4e3b\u8981\u662f\u5728CME\u4ea4\u6613\u6240\u4ea4\u6613\uff0c\u6211\u53ea\u4ee5\u524d\u6536\u5e02\u50f9\u53ca\u6046\u6307\u671f\u8ca8Gap down\u5e45\u5ea6\u4f86\u8861\u91cf\u7576\u65e5\u8a72\u671f\u6b0a\u7684\u5408\u7406\u50f9\u9322\uff0c\u4f8b\u5982\u524d\u6536\u5e02\u662f187\u9ede\uff0c\u6211\u7c21\u55ae\u8a08\u7b97\u6392\u4ee5\u70ba\u662f\u5408\u7406\u50f9345\u9ede\u53bb\u5617\u8a66short\uff0c\u958b\u5e02\u5f8c\u7acb\u5373\u6210\u4ea4\u4e86430\u9ede\u56de\u4f86\uff0c\u9060\u9ad8\u65bc\u81ea\u5df1\u4ee5\u524d\u6536\u5e02\u50f9\u53c3\u8003\u8a08\u7b97\u7684\u671f\u6b0a\u50f9\uff0c\u6211\u624d\u958b\u59cb\u660e\u767d\u7576\u4e2d\u7684\u554f\u984c\u6240\u5728\uff0c\u800c\u9019\u554f\u984c\u5ef6\u81f312\u5e74\u5f8c\u7684\u4eca\u5929\u4ecd\u7136\u5b58\u5728\u3002 &nbsp; \u4ee5\u5f8c\u6709\u6642\u9593\u6703\u591a\u5206\u4eab\u4e9b\u4ea4\u6613\u7d93\u9a57\u7d66\u5404\u4f4d\u3002 Option Jack"}