杰西美
05-07
这篇文章不错，转发给大家看看
@期权小班长：
Sell in May，卖的是什么？
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
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in May，卖的是什么？","html":"<html><head></head><body><p> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"标普500ETF\" href=\"https://laohu8.com/S/SPY\">$标普500ETF(SPY)$</a> </p><p>周三有美联储fomc会议，预计维持利率不变，在4.375%。市场预期年底前降息100基点，预计7月开始降息。</p><p>我觉得会后有短暂波动，但近期最重要的还是关税谈判跟落地。</p><p>谈到近期波动，就不得不提老生常谈的美股格言：Sell in May and go away。不过根据期权开仓情况来看，今年5月的卖出更像是在特指期权的卖出方。</p><p>spy周一有两个重量级的长期大单，不太看好大盘前景，但也不愿意为触底进行投资。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7894a3824ebbc2e45338c8d63169778\" tg-width=\"1042\" tg-height=\"932\"></p><p>第一个重量级大单是sell call 570 <a data-mention-id=\"SPY 20250731 570.0 CALL\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250731%20570.0%20CALL\">$SPY 20250731 570.0 CALL$</a> ，成交量1万手。</p><p>行权价很激进选择570，但算上权利金21.68，意味着只要7月31日前spy不超过590即可获利。这也意味着交易者认为spy在7月底前很难站上120日均线。</p><p>但实际上spy股价超过570后sell call保证金压力会很大，所以交易者可能就是按照低于570的思路去交易的。当然，不排除交易者持股所以并没有保证金压力。</p><p>另外，本单有可能不是卖出，而是买入。因为本单成交价和买卖盘之间的距离很含糊，也不排除是看涨。单纯从看涨开仓角度考虑就是利好。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53eb4847aefa13d67f085802b494adcd\" tg-width=\"2512\" tg-height=\"100\"></p><p>另一个重量级大单是不花钱的看跌策略，卖出价外call和价外put覆盖看跌成本。一般交易者不愿意为趋势付出成本的时候，说明趋势有较大概率趋向于平缓或者相反方向：</p><ul style=\"\"><li><p>卖出 <a data-mention-id=\"SPY 20250919 615.0 CALL\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250919%20615.0%20CALL\">$SPY 20250919 615.0 CALL$</a> ，成交量1.15万</p></li><li><p>买入 <a href=\"https://laohu8.com/OPT/SPY 20250919 530.0 PUT\">$SPY 20250919 530.0 PUT$ </a> ，成交量1.15万</p></li><li><p>卖出 <a data-mention-id=\"SPY 20250919 480.0 PUT\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250919%20480.0%20PUT\">$SPY 20250919 480.0 PUT$</a> ，成交量1.15万</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99338347b35a641e6b31daffacf6e22b\" tg-width=\"2330\" tg-height=\"206\"></p><p>所以5月回调幅度可能会低于预期。</p><p> <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"英伟达\" href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> </p><p>同样的问题出现在nvda，有些大单执着于提前做多5月23日当周，由此推想近两周回调幅度可能低于预期。</p><p>周一看跌期权开仓117put <a data-mention-id=\"NVDA 20250523 117.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20117.0%20PUT\">$NVDA 20250523 117.0 PUT$</a> 和118put <a data-mention-id=\"NVDA 20250523 118.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20118.0%20PUT\">$NVDA 20250523 118.0 PUT$</a> ，开仓增量分别为9940手和9892手，策略都是单腿卖出。</p><p>考虑之前有大单买入做多 <a data-mention-id=\"NVDA 20250523 115.0 CALL\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20115.0%20CALL\">$NVDA 20250523 115.0 CALL$</a> ，英伟达财报前股价可能概率会到达115～118左右。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36e40a4cafed9f6cef54f008856bedfb\" tg-width=\"1044\" tg-height=\"930\"></p><p>看涨期权大单，机构将4月抄底的85long call roll仓到7月18日到期105call <a data-mention-id=\"NVDA 20250718 105.0 CALL\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250718%20105.0%20CALL\">$NVDA 20250718 105.0 CALL$</a> </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b8eb1d06a1f2b2a82180a9531bed135\" tg-width=\"2518\" tg-height=\"150\"></p><p>虽然不知道为什么市场趋势增强，有可能等不到回调100。考虑了一下交易机会成本，折中小仓位sell put 105 <a data-mention-id=\"NVDA 20250516 100.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250516%20100.0%20PUT\">$NVDA 20250516 100.0 PUT$</a> 或者100</p><p> <a data-mention-id=\"SMH\" class=\"teditor-mention\" data-mention-name=\"半导体指数ETF-HOLDRs\" href=\"https://laohu8.com/S/SMH\">$半导体指数ETF-HOLDRs(SMH)$</a> </p><p>半导体etf有看跌大单预期回调200， <a data-mention-id=\"SMH 20250718 200.0 PUT\" class=\"teditor-mention\" data-mention-name=\"SMH\" href=\"https://laohu8.com/OPT/SMH%2020250718%20200.0%20PUT\">$SMH 20250718 200.0 PUT$</a> 成交量1万手。对应英伟达回调100。可能有些芯片股会暴雷。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/960ea1e1b37ad2ca5fd022cc39e38af5\" tg-width=\"2518\" tg-height=\"106\"></p><p> <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"特斯拉\" href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> </p><p>好消息260put <a data-mention-id=\"TSLA 20250509 260.0 PUT\" class=\"teditor-mention\" data-mention-name=\"TSLA\" href=\"https://laohu8.com/OPT/TSLA%2020250509%20260.0%20PUT\">$TSLA 20250509 260.0 PUT$</a> 关仓了，特斯拉再次回到270保卫战。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9e9e6f19a970988bdec062aa170736d\" tg-width=\"1042\" tg-height=\"900\"></p><p>机构long call roll 仓 <a data-mention-id=\"TSLA 20250718 270.0 CALL\" class=\"teditor-mention\" data-mention-name=\"TSLA\" href=\"https://laohu8.com/OPT/TSLA%2020250718%20270.0%20CALL\">$TSLA 20250718 270.0 CALL$</a> ，成交量不变还是2.51万手。虽然行权价从225提高到270，不过参考价值不太大。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dc62cf6fa6e8b5da0aa25a0a22a0c50\" tg-width=\"2518\" tg-height=\"148\"></p><p> <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"微软\" href=\"https://laohu8.com/S/MSFT\">$微软(MSFT)$</a> </p><p>大单sell call <a data-mention-id=\"MSFT 20250523 455.0 CALL\" class=\"teditor-mention\" data-mention-name=\"MSFT\" href=\"https://laohu8.com/OPT/MSFT%2020250523%20455.0%20CALL\">$MSFT 20250523 455.0 CALL$</a> ，成交量1万手。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5b2e089c413b499da1c48564f0da6f9\" tg-width=\"2514\" tg-height=\"154\"></p><p> <a data-mention-id=\"KWEB\" class=\"teditor-mention\" data-mention-name=\"中国海外互联网ETF-KraneShares\" href=\"https://laohu8.com/S/KWEB\">$中国海外互联网ETF-KraneShares(KWEB)$</a> </p><p>中概股大概率进入横盘状态，kweb sell put 大单 <a data-mention-id=\"KWEB 20250620 34.0 PUT\" class=\"teditor-mention\" data-mention-name=\"KWEB\" href=\"https://laohu8.com/OPT/KWEB%2020250620%2034.0%20PUT\">$KWEB 20250620 34.0 PUT$</a> ，成交量2.5万手。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97e551361a2f73e27f8c218805deef37\" tg-width=\"2516\" tg-height=\"154\"></p><p> <a data-mention-id=\"FXI\" class=\"teditor-mention\" data-mention-name=\"中国大盘股ETF-iShares\" href=\"https://laohu8.com/S/FXI\">$中国大盘股ETF-iShares(FXI)$</a> </p><p>fxi期权大单是零成本看跌交易，懂的都懂，大概率横盘或继续看涨。</p><p>卖出 <a data-mention-id=\"FXI 20250718 38.0 CALL\" class=\"teditor-mention\" data-mention-name=\"FXI\" href=\"https://laohu8.com/OPT/FXI%2020250718%2038.0%20CALL\">$FXI 20250718 38.0 CALL$</a> ，成交量1.5万手</p><p>买入 <a data-mention-id=\"FXI 20250718 32.0 PUT\" class=\"teditor-mention\" data-mention-name=\"FXI\" href=\"https://laohu8.com/OPT/FXI%2020250718%2032.0%20PUT\">$FXI 20250718 32.0 PUT$</a> ，成交量1.5万手</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4707e65d15522b91fea5a9e58c9ff983\" tg-width=\"2330\" tg-height=\"158\"></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"标普500ETF\" href=\"https://laohu8.com/S/SPY\">$标普500ETF(SPY)$</a> </p><p>周三有美联储fomc会议，预计维持利率不变，在4.375%。市场预期年底前降息100基点，预计7月开始降息。</p><p>我觉得会后有短暂波动，但近期最重要的还是关税谈判跟落地。</p><p>谈到近期波动，就不得不提老生常谈的美股格言：Sell in May and go away。不过根据期权开仓情况来看，今年5月的卖出更像是在特指期权的卖出方。</p><p>spy周一有两个重量级的长期大单，不太看好大盘前景，但也不愿意为触底进行投资。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7894a3824ebbc2e45338c8d63169778\" tg-width=\"1042\" tg-height=\"932\"></p><p>第一个重量级大单是sell call 570 <a data-mention-id=\"SPY 20250731 570.0 CALL\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250731%20570.0%20CALL\">$SPY 20250731 570.0 CALL$</a> ，成交量1万手。</p><p>行权价很激进选择570，但算上权利金21.68，意味着只要7月31日前spy不超过590即可获利。这也意味着交易者认为spy在7月底前很难站上120日均线。</p><p>但实际上spy股价超过570后sell call保证金压力会很大，所以交易者可能就是按照低于570的思路去交易的。当然，不排除交易者持股所以并没有保证金压力。</p><p>另外，本单有可能不是卖出，而是买入。因为本单成交价和买卖盘之间的距离很含糊，也不排除是看涨。单纯从看涨开仓角度考虑就是利好。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53eb4847aefa13d67f085802b494adcd\" tg-width=\"2512\" tg-height=\"100\"></p><p>另一个重量级大单是不花钱的看跌策略，卖出价外call和价外put覆盖看跌成本。一般交易者不愿意为趋势付出成本的时候，说明趋势有较大概率趋向于平缓或者相反方向：</p><ul style=\"\"><li><p>卖出 <a data-mention-id=\"SPY 20250919 615.0 CALL\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250919%20615.0%20CALL\">$SPY 20250919 615.0 CALL$</a> ，成交量1.15万</p></li><li><p>买入 <a href=\"https://laohu8.com/OPT/SPY 20250919 530.0 PUT\">$SPY 20250919 530.0 PUT$ </a> ，成交量1.15万</p></li><li><p>卖出 <a data-mention-id=\"SPY 20250919 480.0 PUT\" class=\"teditor-mention\" data-mention-name=\"SPY\" href=\"https://laohu8.com/OPT/SPY%2020250919%20480.0%20PUT\">$SPY 20250919 480.0 PUT$</a> ，成交量1.15万</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99338347b35a641e6b31daffacf6e22b\" tg-width=\"2330\" tg-height=\"206\"></p><p>所以5月回调幅度可能会低于预期。</p><p> <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"英伟达\" href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$</a> </p><p>同样的问题出现在nvda，有些大单执着于提前做多5月23日当周，由此推想近两周回调幅度可能低于预期。</p><p>周一看跌期权开仓117put <a data-mention-id=\"NVDA 20250523 117.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20117.0%20PUT\">$NVDA 20250523 117.0 PUT$</a> 和118put <a data-mention-id=\"NVDA 20250523 118.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20118.0%20PUT\">$NVDA 20250523 118.0 PUT$</a> ，开仓增量分别为9940手和9892手，策略都是单腿卖出。</p><p>考虑之前有大单买入做多 <a data-mention-id=\"NVDA 20250523 115.0 CALL\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250523%20115.0%20CALL\">$NVDA 20250523 115.0 CALL$</a> ，英伟达财报前股价可能概率会到达115～118左右。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36e40a4cafed9f6cef54f008856bedfb\" tg-width=\"1044\" tg-height=\"930\"></p><p>看涨期权大单，机构将4月抄底的85long call roll仓到7月18日到期105call <a data-mention-id=\"NVDA 20250718 105.0 CALL\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250718%20105.0%20CALL\">$NVDA 20250718 105.0 CALL$</a> </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b8eb1d06a1f2b2a82180a9531bed135\" tg-width=\"2518\" tg-height=\"150\"></p><p>虽然不知道为什么市场趋势增强，有可能等不到回调100。考虑了一下交易机会成本，折中小仓位sell put 105 <a data-mention-id=\"NVDA 20250516 100.0 PUT\" class=\"teditor-mention\" data-mention-name=\"NVDA\" href=\"https://laohu8.com/OPT/NVDA%2020250516%20100.0%20PUT\">$NVDA 20250516 100.0 PUT$</a> 或者100</p><p> <a data-mention-id=\"SMH\" class=\"teditor-mention\" data-mention-name=\"半导体指数ETF-HOLDRs\" href=\"https://laohu8.com/S/SMH\">$半导体指数ETF-HOLDRs(SMH)$</a> </p><p>半导体etf有看跌大单预期回调200， <a data-mention-id=\"SMH 20250718 200.0 PUT\" class=\"teditor-mention\" data-mention-name=\"SMH\" href=\"https://laohu8.com/OPT/SMH%2020250718%20200.0%20PUT\">$SMH 20250718 200.0 PUT$</a> 成交量1万手。对应英伟达回调100。可能有些芯片股会暴雷。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/960ea1e1b37ad2ca5fd022cc39e38af5\" tg-width=\"2518\" tg-height=\"106\"></p><p> <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"特斯拉\" href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> </p><p>好消息260put <a data-mention-id=\"TSLA 20250509 260.0 PUT\" class=\"teditor-mention\" data-mention-name=\"TSLA\" href=\"https://laohu8.com/OPT/TSLA%2020250509%20260.0%20PUT\">$TSLA 20250509 260.0 PUT$</a> 关仓了，特斯拉再次回到270保卫战。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9e9e6f19a970988bdec062aa170736d\" tg-width=\"1042\" tg-height=\"900\"></p><p>机构long call roll 仓 <a data-mention-id=\"TSLA 20250718 270.0 CALL\" class=\"teditor-mention\" data-mention-name=\"TSLA\" href=\"https://laohu8.com/OPT/TSLA%2020250718%20270.0%20CALL\">$TSLA 20250718 270.0 CALL$</a> ，成交量不变还是2.51万手。虽然行权价从225提高到270，不过参考价值不太大。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dc62cf6fa6e8b5da0aa25a0a22a0c50\" tg-width=\"2518\" tg-height=\"148\"></p><p> <a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"微软\" href=\"https://laohu8.com/S/MSFT\">$微软(MSFT)$</a> </p><p>大单sell call <a data-mention-id=\"MSFT 20250523 455.0 CALL\" class=\"teditor-mention\" data-mention-name=\"MSFT\" href=\"https://laohu8.com/OPT/MSFT%2020250523%20455.0%20CALL\">$MSFT 20250523 455.0 CALL$</a> ，成交量1万手。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5b2e089c413b499da1c48564f0da6f9\" tg-width=\"2514\" tg-height=\"154\"></p><p> <a data-mention-id=\"KWEB\" class=\"teditor-mention\" data-mention-name=\"中国海外互联网ETF-KraneShares\" href=\"https://laohu8.com/S/KWEB\">$中国海外互联网ETF-KraneShares(KWEB)$</a> </p><p>中概股大概率进入横盘状态，kweb sell put 大单 <a data-mention-id=\"KWEB 20250620 34.0 PUT\" class=\"teditor-mention\" data-mention-name=\"KWEB\" href=\"https://laohu8.com/OPT/KWEB%2020250620%2034.0%20PUT\">$KWEB 20250620 34.0 PUT$</a> ，成交量2.5万手。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97e551361a2f73e27f8c218805deef37\" tg-width=\"2516\" tg-height=\"154\"></p><p> <a data-mention-id=\"FXI\" class=\"teditor-mention\" data-mention-name=\"中国大盘股ETF-iShares\" href=\"https://laohu8.com/S/FXI\">$中国大盘股ETF-iShares(FXI)$</a> </p><p>fxi期权大单是零成本看跌交易，懂的都懂，大概率横盘或继续看涨。</p><p>卖出 <a data-mention-id=\"FXI 20250718 38.0 CALL\" class=\"teditor-mention\" data-mention-name=\"FXI\" href=\"https://laohu8.com/OPT/FXI%2020250718%2038.0%20CALL\">$FXI 20250718 38.0 CALL$</a> ，成交量1.5万手</p><p>买入 <a data-mention-id=\"FXI 20250718 32.0 PUT\" class=\"teditor-mention\" data-mention-name=\"FXI\" href=\"https://laohu8.com/OPT/FXI%2020250718%2032.0%20PUT\">$FXI 20250718 32.0 PUT$</a> ，成交量1.5万手</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4707e65d15522b91fea5a9e58c9ff983\" tg-width=\"2330\" tg-height=\"158\"></p></body></html>","text":"$标普500ETF(SPY)$ 周三有美联储fomc会议，预计维持利率不变，在4.375%。市场预期年底前降息100基点，预计7月开始降息。 我觉得会后有短暂波动，但近期最重要的还是关税谈判跟落地。 谈到近期波动，就不得不提老生常谈的美股格言：Sell in May and go away。不过根据期权开仓情况来看，今年5月的卖出更像是在特指期权的卖出方。 spy周一有两个重量级的长期大单，不太看好大盘前景，但也不愿意为触底进行投资。 第一个重量级大单是sell call 570 $SPY 20250731 570.0 CALL$ ，成交量1万手。 行权价很激进选择570，但算上权利金21.68，意味着只要7月31日前spy不超过590即可获利。这也意味着交易者认为spy在7月底前很难站上120日均线。 但实际上spy股价超过570后sell call保证金压力会很大，所以交易者可能就是按照低于570的思路去交易的。当然，不排除交易者持股所以并没有保证金压力。 另外，本单有可能不是卖出，而是买入。因为本单成交价和买卖盘之间的距离很含糊，也不排除是看涨。单纯从看涨开仓角度考虑就是利好。 另一个重量级大单是不花钱的看跌策略，卖出价外call和价外put覆盖看跌成本。一般交易者不愿意为趋势付出成本的时候，说明趋势有较大概率趋向于平缓或者相反方向： 卖出 $SPY 20250919 615.0 CALL$ ，成交量1.15万 买入 $SPY 20250919 530.0 PUT$ ，成交量1.15万 卖出 $SPY 20250919 480.0 PUT$ ，成交量1.15万 所以5月回调幅度可能会低于预期。 $英伟达(NVDA)$ 同样的问题出现在nvda，有些大单执着于提前做多5月23日当周，由此推想近两周回调幅度可能低于预期。 周一看跌期权开仓117put $NVDA 20250523 117.0 PUT$ 和118put $NVDA 20250523 118.0 PUT$ ，开仓增量分别为9940手和9892手，策略都是单腿卖出。 考虑之前有大单买入做多 $NVDA 20250523 115.0 CALL$ ，英伟达财报前股价可能概率会到达115～118左右。 看涨期权大单，机构将4月抄底的85long call roll仓到7月18日到期105call $NVDA 20250718 105.0 CALL$ 虽然不知道为什么市场趋势增强，有可能等不到回调100。考虑了一下交易机会成本，折中小仓位sell put 105 $NVDA 20250516 100.0 PUT$ 或者100 $半导体指数ETF-HOLDRs(SMH)$ 半导体etf有看跌大单预期回调200， $SMH 20250718 200.0 PUT$ 成交量1万手。对应英伟达回调100。可能有些芯片股会暴雷。 $特斯拉(TSLA)$ 好消息260put $TSLA 20250509 260.0 PUT$ 关仓了，特斯拉再次回到270保卫战。 机构long call roll 仓 $TSLA 20250718 270.0 CALL$ ，成交量不变还是2.51万手。虽然行权价从225提高到270，不过参考价值不太大。 $微软(MSFT)$ 大单sell call $MSFT 20250523 455.0 CALL$ ，成交量1万手。 $中国海外互联网ETF-KraneShares(KWEB)$ 中概股大概率进入横盘状态，kweb sell put 大单 $KWEB 20250620 34.0 PUT$ ，成交量2.5万手。 $中国大盘股ETF-iShares(FXI)$ fxi期权大单是零成本看跌交易，懂的都懂，大概率横盘或继续看涨。 卖出 $FXI 20250718 38.0 CALL$ ，成交量1.5万手 买入 $FXI 20250718 32.0 PUT$ 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