{"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":"\u300a\u5de5\u5177\u904b\u7528\u300b\u6563\u6236\u53ef\u4ee5\u505a\u7684\u6709\u6548\u300c\u6cbd\u7a7a\u300d\u64cd\u4f5c - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/496204\">\u300a\u5de5\u5177\u904b\u7528\u300b\u6563\u6236\u53ef\u4ee5\u505a\u7684\u6709\u6548\u300c\u6cbd\u7a7a\u300d\u64cd\u4f5c<\/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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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\/496204\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u300a\u5de5\u5177\u904b\u7528\u300b\u6563\u6236\u53ef\u4ee5\u505a\u7684\u6709\u6548\u300c\u6cbd\u7a7a\u300d\u64cd\u4f5c&#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\/2021\/02\/7500_vs_short_hsif_v2.png","thumbnail_width":5500,"thumbnail_height":2166,"description":"GME\u88ab\u8ffd\u64ca\uff0c\u5f15\u4f86\u4e00\u5806\u672c\u4f86\u5f9e\u4e0d\u7092\u8ce3\u7684\u6563\u6236\u9032\u5834\u505along\uff0c\u610f\u5716\u8207\u5927\u6236\u7684\u6cbd\u7a7a\u6c7a\u6230\u3002\u59d1\u52ff\u8ad6\u9019\u662f\u5426\u771f\u5be6\u7684\u8001\u6563\u5927\u6236\u5c0d\u6c7a\uff0c\u6b64\u4e8b\u4e5f\u5f15\u8d77\u4e86\u5f9e\u4e0d\u6295\u6a5f\/\u6295\u8cc7\u7684\u4eba\u5c0d\u8cb7\u8ce3\u80a1\u7968\u7684\u95dc\u6ce8\u3002\u4e0d\u904e\uff0c\u7531\u65bc\u666e\u904d\u6563\u6236\u90fd\u53ea\u60f3\u8cfa\u5feb\u9322\uff0c\u5927\u90e8\u4efd\u4eba\u90fd\u4f9d\u7136\u53ea\u95dc\u6ce8\u8cb7\u751a\u9ebc\/\u5982\u4f55\u8cb7\u80a1\u7968\u3002\u5176\u5be6\uff0c\u6563\u6236\u4e5f\u80fd\u505a\u300c\u6cbd\u7a7a\u300d\uff08shorting\uff09\u3002 \u4e00\u822c\u6563\u6236\u7406\u89e3\u7684\u6cbd\u7a7a\u5b9a\u7fa9\u90fd\u6bd4\u8f03\u72f9\u7fa9\uff0c\u6307\u5f9e\u52b5\u5546\u501f\u80a1\u7968\u5f8c\uff0c\u4ee5\u8f03\u9ad8\u50f9\u683c\u5c07\u501f\u4f86\u7684\u80a1\u7968\u6cbd\u7a7a\uff0c\u5f85\u50f9\u683c\u4e0b\u8dcc\u5f8c\uff0c\u4ee5\u8f03\u4f4e\u50f9\u8cb7\u56de\u80a1\u7968\uff0c\u9084\u8ca8\u4e26unwind\u5009\u4f4d\uff0c\u9ad8\u8ce3\u4f4e\u8cb7\u5f8c\u5c31\u80fd\u7372\u5229\u3002 \u4f46\u662f\uff0c\u8981\u9762\u5c0d\u7684\u554f\u984c\u751a\u591a\uff0c\u4f8b\u5982\u8981\u52b5\u5546\u6709\u8ca8\u4f60\u624d\u80fd\u501f\u3001\u8981\u8ddf\u96a8uptick rule\u6392\u968a\u6162\u6162\u7b49\u6cbd\u7a7a\u3001\u4ea4\u6309\u91d1\u53ca\u4ed8\u5229\u606f\u501f\u8ca8\u7b49\u7b49\uff0c\u4ee4\u6cbd\u7a7a\u80a1\u7968\u5c0d\u6563\u6236\u975e\u5e38\u4e0d\u65b9\u4fbf\u3002\u5f8c\u679c\u662f\u4ee4\u4ea4\u6613\u500b\u80a1\u8b8a\u6210\u53ea\u8cb7\u4e0d\u6cbd\uff0c\u505along only\uff0c\u53ea\u80fd\u8cb7\u5347\uff0c\u4e0d\u80fd\u8cb7\u8dcc\uff0c\u7b56\u7565\u81ea\u7531\u5ea6\u5927\u6e1b\u3002\u9019\u4e5f\u662f\u6211prefer\u7092\u5e02\u591a\u65bc\u7092\u500b\u80a1\u7684\u539f\u56e0\u3002 \u4e0d\u904e\uff0c\u5982\u679c\u770b\u770b\u5ee3\u7fa9\u7684\u6cbd\u7a7a\u5b9a\u7fa9\uff0c\u4ea6\u5373\u4f7f\u7528\u4e0d\u540c\u5de5\u5177\u6cbd\u7a7a\u8cc7\u7522\uff0c\u6563\u6236\u4e5f\u80fd\u9032\u884c\u6cbd\u7a7a\uff0c\u4e00\u5617\u5927\u6236\u6ecb\u5473\u3002\u91cd\u9ede\u662f\u5982\u4f55\u6709\u6548\u5730\u6cbd\u7a7a\u3002 \u4ee5\u6cbd\u7a7a\u6574\u9ad4\u6e2f\u80a1\u5e02\u5834\uff08short HK market\uff09\u70ba\u4f8b\uff0c\u53ef\u884c\u5de5\u5177\u6709\u5f88\u591a\uff0c\u4ee5\u4e0b\u70ba\u6bd4\u8f03\u5e38\u898b\u7684\u4e09\u7a2e\uff1a A)\u00a0\u8cb7\u51657500 B)\u00a0\u6cbd\u7a7a\u6046\u6307\u671f\u8ca8 C)\u00a0\u6046\u6307\u671f\u6b0along put \u6bd4\u8f03\u524d\u5148\u5206\u4eab\u500b\u4eba\u89c0\u5bdf\u3002\u7531\u65bc\u884d\u751f\u5de5\u5177\u7684\u64cd\u4f5c\u6bd4\u8f03\u8907\u96dc\uff0c\u4e5f\u6d89\u53ca\u4e0d\u540c\u7a0b\u5ea6\u7684\u69d3\u687f\uff0c\u4ee4\u5f88\u591a\u6563\u6236\u770b\u8dcc\u6642\u591a\u6578\u7528\u65b9\u6cd5A\u3002\u4f46\u662f\uff0c\u6a19\u7684\u7269\u540c\u6a23\u70baHSI\u7684\u65b9\u6cd5A\u548cB\uff0c\u7a76\u7adf\u719f\u512a\u719f\u52a3\uff1f \u9001\u5927\u5bb6\u4e00\u5e45\u5716\uff1a \u5047\u8a2d\u4f60\u662f\u795e\uff0c\u77e5\u90532020\u5e74\u4e00\u6708\u5230\u4e94\u6708\u6703\u6709\u6b66\u80ba\u5927\u7206\u767c\u800c\u51fa\u73fe\u718a\u5e02\uff0c\u4e26\u53ef\u4ee5\u57282020\u5e741\u6708\u9996\u958b\u59cb\u9032\u884c\u6cbd\u7a7a\u3002\u65b9\u6cd5A\u8207B\uff0c\u54ea\u500b\u8cfa\u5f97\u8f03\u591a\uff1f \u4e0a\u5716\u70ba\u8cb7\u51657500\u3001\u4ee5\u5169\u500d\u69d3\u687f\u6cbd\u7a7a\u6046\u6307\u671f\u8ca8\u3001\u4ee5\u53ca\u6046\u6307\u73fe\u8ca8\u56de\u5831\u4e58\u4ee5-2\uff08\u6a21\u64ec\u5169\u500d\u69d3\u687f\u5730\u6cbd\u7a7a\u6046\u6307\uff09\u7684\u7d2f\u8a08\u767e\u5206\u6bd4\u8868\u73fe\u6bd4\u8f03\u3002\u4e0d\u96e3\u770b\u898b\uff0cshort futures\u7684\u8868\u73fe\u660e\u986f\u8f03\u597d\uff0c\u9ad87%\u5de6\u53f3\u3002 \u539f\u56e0\u662f7500\u7684\u8868\u73fe\u4e3b\u8981\u4ee5\u6046\u6307\u671f\u8ca8\u8907\u88fd\uff0c\u904e\u7a0b\u4e2d\u6703\u6709\u4e0d\u540cdecay\uff0c\u5305\u62ec\u7ba1\u7406\u8cbb\u3001\u7d93\u5e38\u6027\u958b\u652f\u7b49\u7b49\u3002 \u800c\u4e14\uff0c\u671f\u8ca8\u7684\u4ea4\u6613\u6210\u672c\u6bd4ETF\u4f4e\uff0c\u4ee4\u671f\u8ca8\u8b8a\u5f97\u66f4cost effective\u3002 \u81f3\u65bc\u69d3\u687f\u65b9\u9762\uff0c\u5176\u5be6\u8981\u63a7\u5236\u4e5f\u4e0d\u56f0\u96e3\u3002\u4f8b\u5982\u4f60\u6295\u8cc7\u7d44\u5408\u6709150\u842c\u6e2f\u7d19\u73fe\u91d1\uff0c\u958b\u4e00\u5f35\u5927\u671f\u7684\u8ca8\u503c\uff08notional value\uff09\u7d04150\u842c\u6e2f\u5143\uff0c\u6574\u9ad4\u5009\u4f4d\u7684\u69d3\u687f\u6bd4\u7387\u5c31\u7b49\u65bc\u8ca8\u503c\/\u6295\u8cc7\u7d44\u5408\u8cc7\u91d1\uff0c\u5373150\u842c\u9664\u53bb150\u842c=1\u500d=\u7121\u69d3\u687f\u3002\u7576\u7136\uff0c\u7121\u69d3\u687f\u53ef\u80fd\u98a8\u96aa\u8f03\u4f4e\uff0c\u4f46\u672a\u5fc5\u80fd\u9054\u81f4\u6700\u9ad8\u7684\u8cc7\u91d1\u904b\u7528\u7387\u3002\u95dc\u65bc\u884d\u751f\u5de5\u5177\u7684\u98a8\u96aa\u7ba1\u7406\uff0c\u5bb9\u6211\u4e4b\u5f8c\u518d\u8ac7\u3002 \u65b9\u6cd5C\u65b9\u9762\uff0c\u5247\u9700\u8981\u5c0d\u671f\u6b0a\u7684\u638c\u63e1\u3002\u5982\u9810\u671f\u6046\u6307\u5728\u77ed\u6642\u9593\u5167\u6025\u8dcc\uff0c\u505along\u6642IV\u53c8\u4e0d\u592a\u9ad8\u7684\u8a71\uff0c\u77ed\u7092\u7684\u5c31\u53ef\u4ee5\u8003\u616e\u505aOTM long put\u3002\u50f9\u8dcc\u5f8c\uff0c\u9664\u4e86gamma\u5347\u63d0\u9ad8\u671f\u6b0a\u7684\u69d3\u687f\u5916\uff0c\u5982\u679cIV\u5347\u66f4\u53ef\u8cfavega\u3002\u540c\u6642\uff0c\u96d6\u7136\u9019\u62db\u53ef\u4ee5\u8d0f\u9593\u5ee0\u8f38\u7c92\u7cd6\uff0c\u4f46\u671f\u6b0along side\u4e00\u822c\u90fd\u8981\u9810\u8f38\u76e1\u3002 \u770b\u5b8c\u4ee5\u4e0a\u7684\u6982\u5ff5\u5f8c\uff0c\u5e0c\u671b\u5404\u4f4d\u53ef\u4ee5\u64fa\u812blong only\u7684\u5fc3\u614b\uff0c\u5584\u7528\u6cbd\u7a7a\u5de5\u5177\uff0c\u4e0d\u8981\u518d\u505c\u7559\u65bc\u8cb7\u751a\u9ebcnumber\u7684\u4ea4\u6613\u6a21\u5f0f\u3002"}