{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u5f9e\u671f\u6b0a\u9020\u5e02\u770b\u8cc7\u7522\u6ce1\u6cab - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/490306\">\u5f9e\u671f\u6b0a\u9020\u5e02\u770b\u8cc7\u7522\u6ce1\u6cab<\/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 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Call\u4ea4\u6295\u4e0a\u5347\uff0c\u662f\u56e0\u7232\u6563\u6236\u60f3\u4ee5long call\u98df\u76e1\u79d1\u6280\u80a1\u5347\u5e45\u3002Long call\u6709\u8d0f\u7121\u9650\u3001\u8f38\u6709\u9650\u7684\u7279\u6027\uff0c\u61c2\u5f97\u5229\u7528OTM long call\uff0c\u5f85\u671f\u6b0a\u7531\u50f9\u5916\u8b8a\u7b49\u50f9\uff0cgamma\u5347\u5230\u6700\u9ad8\uff0c\u4f7fdelta\u589e\u901f\u8b8a\u5f97\u6700\u5927\uff0c\u4ee4long call\u7684\u69d3\u687f\u6700\u5927\u5316\uff0c\u56de\u5831\u4ee5\u500d\u3001\u751a\u81f3\u5341\u500d\u8a08\u4e5f\u4e0d\u904e\u4efd\u3002\u597d\u53cb\u9762\u5c0d\u9019\u7a2e\u56de\u5831\u98a8\u96aa\u4e0d\u5c0d\u7a31\u6027\uff0c\u81ea\u7136\u6e67\u5165\u671f\u6b0a\u5e02\u5834\u3002 \u54ealong call\u7684\u6210\u4ea4\u53c8\u5982\u4f55\u5f71\u97ff\u80a1\u50f9\uff1f\u9019\u5c31\u6d89\u53ca\u9020\u5e02\uff08market making\uff09\u7684\u77e5\u8b58\u3002\u8857\u4e0a\u6709\u5927\u91cflong call\uff0c\u9020\u5e02\u5546\u5c31\u8981\u4e0d\u65b7short call\uff0c\u4ee4\u5176delta exposure\u6025\u901f\u8b8a\u6210\u6975\u8ca0\u6578\u3002\u8981\u5c0d\u6c96\u8ca0delta\uff0c\u5176\u4e2d\u4e00\u7a2e\u65b9\u6cd5\u662flong\u80a1\u7968\uff0c\u5c0d\u6c96\u80a1\u50f9\u4e0a\u884c\u98a8\u96aa\uff0c\u4ee4delta\u8b8a\u62100\uff0c\u505adelta hedging\u3002\u9019\u662f\u56e0\u7232\u9020\u5e02\u5546\u591a\u6578\u4e0d\u6703\u60f3\u6709\u65b9\u5411\u6027\u98a8\u96aa\uff08directional risk\uff09\uff0c\u5f88\u591a\u6642\u53ea\u60f3\u900f\u904e\u8cfa\u53d6\u8cb7\u8ce3\u5dee\u50f9\uff08bid ask spread\uff09\u7372\u5229\u3002\u9020\u5e02\u5546\u6709\u5927\u91cfshort call\uff0c\u79d1\u6280\u80a1\u53c8\u7206\u5347\uff0c\u5176\u5009\u4f4ddelta\u8d8a\u4f86\u8d8a\u8ca0\uff0c\u5c31\u8981\u8cb7\u66f4\u591a\u80a1\u7968\u505a\u5c0d\u6c96\uff0c\u70ba\u80a1\u50f9\u589e\u52a0\u4e0a\u5347\u52d5\u529b\u3002 \u7576\u7136\uff0c\u9019\u500b\u53ea\u662f\u4e00\u500b\u5c0d\u5e02\u5834\u73fe\u8c61\u7684\u5408\u7406\u89e3\u91cb\uff0c\u7562\u7adf\u8981\u8a08\u91cf\u5730\u8b49\u660ecall\u6210\u4ea4\u5c0e\u81f4\u79d1\u6280\u80a1\u5347\u5f97\u6bd4\u672c\u4f86\u8981\u591a\uff0c\u9700\u8981\u505a\u6df1\u5165\u7684\u56e0\u679c\u63a8\u65b7\uff08casual inference\uff09\uff0c\u672c\u6587\u65e8\u5728\u70ba\u5e02\u5834\u73fe\u8c61\u63d0\u4f9b\u4e00\u500b\u5408\u7406\u7684\u6846\u67b6\uff0c\u89e3\u91cb\u79d1\u6280\u80a1\u5927\u725b\u5e02\u3002 \u518d\u63a8\u8ad6\u4e0b\u53bb\uff0c\u671f\u6b0a\uff08\u5c24\u5176long call\uff09\u7684\u4e3b\u52d5\u6210\u4ea4\uff0c\u6216\u53ef\u89e3\u91cb\/\u9810\u6e2c\u6ce1\u6cab\u767c\u751f\uff0c\u56e0\u7232long call\u4e3b\u52d5\u4ea4\u6295\u5728\u5347\u5e02\u767c\u751f\u6642\uff0c\u6709\u6a5f\u6703\u5c07\u80a1\u50f9\u63a8\u5f97\u6bd4\u5167\u5728\u503c\uff08intrinsic value\uff09\u66f4\u9ad8\uff08\u6b64\u60c5\u6cc1\u5728\u6708\u5c3e\u671f\u6b0a\u5feb\u5c07\u5230\u671f\u6642\u6703\u66f4\u56b4\u91cd\uff0c\u56e0\u7232\u63a5\u8fd1ATM\u7684\u671f\u6b0agamma\u6708\u5c3e\u6703\u7206\u5347\uff09\uff0c\u88fd\u9020\u6ce1\u6cab\u3002\u671f\u6b0a\u6574\u9ad4\u4ea4\u6613\u91cf\u8d8a\u9ad8\u7684\u5e02\u5834\uff0c\u5c31\u8d8a\u5bb9\u6613\u51fa\u73fe\u9019\u7a2e\u60c5\u6cc1\uff0c\u6b64\u6846\u67b6\u653e\u5728\u5168\u7403\u8cc7\u7522\u5e02\u5834\u90fd\u9069\u7528\u3002\u56e0\u6b64\uff0c\u4e0d\u77e5\u662f\u798f\u662f\u798d\uff0c\u9999\u6e2f\u671f\u6b0a\u4ea4\u6295\u6bd4\u7f8e\u570b\u758f\u843d\uff0c\u767c\u751f\u4ee5\u4e0a\u60c5\u6cc1\u7684\u6a5f\u6703\u5c31\u6bd4\u8f03\u4f4e\u4e86\u3002 \u53c3\u8003\uff1ahttps:\/\/www.bloomberg.com\/news\/articles\/2020-09-09\/how-tech-options-started-juicing-the-stock-market-quicktake"}