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小仙女要发财
2022-11-30
$知乎(ZH)$
知乎真的,没什么交易量
小仙女要发财
2022-07-23
成功就是找到符合自己世界观的方法,并始终如一的坚持,保持脚踏实地和冷静。我们仍处于旅程的开始阶段,但我们已经吸取了一些宝贵的教训。
@中国基金报:大举做空这类股!神秘对冲基金半年暴赚220%!
小仙女要发财
2022-06-14
$特斯拉(TSLA)$
很疲软 涨不起来啊
小仙女要发财
2021-11-04
这篇文章不错,转发给大家看看
@小虎访谈:【虎友访谈】小刀大叔:长线对冲策略,适合懒人的期权投资法!
小仙女要发财
2021-10-23
这篇文章不错,转发给大家看看
@小虎访谈:【虎友访谈】期权小班长:巧用期权掌握低风险套利!
小仙女要发财
2021-10-23
$Phunware, Inc.(PHUN)$
赚了总有原因,亏了也一样,背后总有逻辑
小仙女要发财
2021-10-12
这篇文章不错,转发给大家看看
@OptionPlus:如何运用期权玩转财报季(1)持有苹果的看过来,段永平都这么玩苹果期权
小仙女要发财
2021-10-06
这篇文章不错,转发给大家看看
@小虎AV: 【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人
$苹果(AAPL)$
小仙女要发财
2021-09-29
这篇文章不错,转发给大家看看
@石头:期权是什么 | 股票套牢怎么办?这份期权回血策略送给你
小仙女要发财
2021-09-25
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-09-23
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-09-20
这篇文章不错,转发给大家看看
@Raytroninvs:期权的定价
小仙女要发财
2021-09-12
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-09-02
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-09-02
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-09-02
这篇文章不错,转发给大家看看
抱歉,原内容已删除
小仙女要发财
2021-08-27
//
@TitusK
:
$Skillz Inc(SKLZ)$
potential upside of 138%. Hold for long term?
抱歉,原内容已删除
小仙女要发财
2021-07-26
$有道(DAO)$
好好的教育培训为什么不给上市?转为非盈利性,企业怎么有动力去创新?减少培训机构,不准上市和减负有什么直接关系?
小仙女要发财
2021-05-04
等等看看
抱歉,原内容已删除
小仙女要发财
2021-02-23
忘了哪个博主说特斯拉要回调至660,我还不信,这不分分钟就赶夜路赶到660了~之前割肉离场,后又买进,又被套了十几点,特斯拉真是波动巨大啊~告诉自己:波澜不惊~波澜不惊
去老虎APP查看更多动态
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href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 所说的长线对冲策略到底是什么?咱们一起去看看~ <a href=\"https://laohu8.com/TP/289\" target=\"_blank\">#虎友访谈#</a> <a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 我1984年出生,财务管理专业毕业,常驻惠州和深圳。我的职业是个人价值投资顾问,目前专注于研究个人价值投资。爱好读书和弹吉他,做饭。 T:介绍一下您的投资背景吧,如何接触到股票市场的? 我是在2013年因为一个朋友的原因,知道投资理财的,最开始接触的是农产品现货; 2015年因为帮一个在券商工作的同学冲开户业绩,开通过股票账户,投资过股票; 2016年开始转型期货交易,在2019年的时候,开始系统学习期权交易,目前主要专注股票期权和ETF期权。 因为采用的长线对冲策略,所以我定义为个人价值投资。 T:看了一下,您分享的内容基本都和期权有关。有人利用期权来对冲长期投资的风险,有人期望通过期权来获取更大的收益,您做期权的初衷是什么? 谈到初衷,我的内心其实很复杂,我觉得可以分为三个阶段来说: 第一个阶段:2019年最开始接","text":"虎妞今天采访的是@小刀大叔,他会不定期在社区中更新关于Shortput+Coveredcall的实战心得,也探索出一份适合懒人的期权投资策略。只不过他认为,这个策略适合中性市场和慢牛市场,不适合绝对的牛市与熊市。 @小刀大叔 所说的长线对冲策略到底是什么?咱们一起去看看~ #虎友访谈# @小刀大叔 我1984年出生,财务管理专业毕业,常驻惠州和深圳。我的职业是个人价值投资顾问,目前专注于研究个人价值投资。爱好读书和弹吉他,做饭。 T:介绍一下您的投资背景吧,如何接触到股票市场的? 我是在2013年因为一个朋友的原因,知道投资理财的,最开始接触的是农产品现货; 2015年因为帮一个在券商工作的同学冲开户业绩,开通过股票账户,投资过股票; 2016年开始转型期货交易,在2019年的时候,开始系统学习期权交易,目前主要专注股票期权和ETF期权。 因为采用的长线对冲策略,所以我定义为个人价值投资。 T:看了一下,您分享的内容基本都和期权有关。有人利用期权来对冲长期投资的风险,有人期望通过期权来获取更大的收益,您做期权的初衷是什么? 谈到初衷,我的内心其实很复杂,我觉得可以分为三个阶段来说: 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Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾<a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> ,跟随虎妞去了解一下他的观点吧! <a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 期权价值由两部分组成:内在价值和时间价值。价","listText":"短短2个月粉丝增长了8000+,凭借“Sell Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾<a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> ,跟随虎妞去了解一下他的观点吧! <a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 期权价值由两部分组成:内在价值和时间价值。价","text":"短短2个月粉丝增长了8000+,凭借“Sell Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾@期权小班长 ,跟随虎妞去了解一下他的观点吧! @期权小班长 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 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href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>赚了总有原因,亏了也一样,背后总有逻辑","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>赚了总有原因,亏了也一样,背后总有逻辑","text":"$Phunware, Inc.(PHUN)$赚了总有原因,亏了也一样,背后总有逻辑","images":[{"img":"https://static.tigerbbs.com/49a0a5378ffebd210afe46aec3d8fb03","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851484062","isVote":1,"tweetType":1,"viewCount":3561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":826454717,"gmtCreate":1634049065303,"gmtModify":1634049065303,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826454717","repostId":"828895043","repostType":1,"repost":{"id":828895043,"gmtCreate":1633879701878,"gmtModify":1633924726621,"author":{"id":"3527667591235607","authorId":"3527667591235607","name":"OptionPlus","avatar":"https://static.tigerbbs.com/e8009c23927adcf8b5e1e1d101178392","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667591235607","authorIdStr":"3527667591235607"},"themes":[],"title":"如何运用期权玩转财报季(1)持有苹果的看过来,段永平都这么玩苹果期权","htmlText":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","listText":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","text":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","images":[{"img":"https://static.tigerbbs.com/f982cb3cfe760ea1e4977cba74e57a0b","width":"2712","height":"1356"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828895043","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829431779,"gmtCreate":1633532058958,"gmtModify":1633532058958,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829431779","repostId":"829148371","repostType":1,"repost":{"id":829148371,"gmtCreate":1633482921589,"gmtModify":1633483229803,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/162e12f8dcec770ec19f66f2abb0d5db","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514329116425907","authorIdStr":"3514329116425907"},"themes":[],"htmlText":"\n \n \n 【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>\n \n","listText":"【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>","text":"【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 $苹果(AAPL)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829148371","isVote":1,"tweetType":2,"object":{"id":"9183cd0467b54972a2ede523bc34271d","tweetId":"829148371","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/f961ca383701925925524301081/5mcYVFiiuvcA.mp4","poster":"https://static.tigerbbs.com/751471de4b0e4562dbf96c8bd28b950c"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865905405,"gmtCreate":1632928097335,"gmtModify":1632928097335,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865905405","repostId":"866473897","repostType":1,"repost":{"id":866473897,"gmtCreate":1632800694819,"gmtModify":1632808772632,"author":{"id":"3516096698306373","authorId":"3516096698306373","name":"石头","avatar":"https://static.tigerbbs.com/8477922e6df4928f290cca5cd50ce873","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3516096698306373","authorIdStr":"3516096698306373"},"themes":[],"title":"期权是什么 | 股票套牢怎么办?这份期权回血策略送给你","htmlText":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的<a target=\"_blank\" href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","listText":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的<a target=\"_blank\" href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","text":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的$苹果(AAPL)$ 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","images":[{"img":"https://static.tigerbbs.com/0c312eda7a24747f88d57de8be460d97","width":"453","height":"532"},{"img":"https://static.tigerbbs.com/5159810d621337b75b6ff2cfb53d64be","width":"688","height":"418"},{"img":"https://static.tigerbbs.com/dc1a541d0346e17f7ab40e3b06ca27b3","width":"411","height":"832"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866473897","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861545063,"gmtCreate":1632527786852,"gmtModify":1632527786852,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861545063","repostId":"2169690557","repostType":2,"isVote":1,"tweetType":1,"viewCount":2960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863512570,"gmtCreate":1632405669790,"gmtModify":1632405669790,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/863512570","repostId":"1184277851","repostType":2,"isVote":1,"tweetType":1,"viewCount":1483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860355984,"gmtCreate":1632140503948,"gmtModify":1632140503948,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860355984","repostId":"334286265","repostType":1,"repost":{"id":334286265,"gmtCreate":1610800853457,"gmtModify":1703746948274,"author":{"id":"3539164066154947","authorId":"3539164066154947","name":"Raytroninvs","avatar":"https://static.tigerbbs.com/c9ea6a08d0b146942ea8bfde8d243755","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3539164066154947","authorIdStr":"3539164066154947"},"themes":[],"title":"期权的定价","htmlText":" 通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 值均为正值,也就是说当股价往你预期方向移动时,你手里这张期权赚钱速度是越来越快的,但当股价反反向移动时,亏钱速度是越来","listText":" 通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 值均为正值,也就是说当股价往你预期方向移动时,你手里这张期权赚钱速度是越来越快的,但当股价反反向移动时,亏钱速度是越来","text":"通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示$苹果(AAPL)$股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 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Hold for long term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819582947","repostId":"2162931260","repostType":2,"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800171747,"gmtCreate":1627288471789,"gmtModify":1627288471789,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DAO\">$有道(DAO)$</a>好好的教育培训为什么不给上市?转为非盈利性,企业怎么有动力去创新?减少培训机构,不准上市和减负有什么直接关系?","listText":"<a 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href=\"https://laohu8.com/S/DAO\">$有道(DAO)$</a>好好的教育培训为什么不给上市?转为非盈利性,企业怎么有动力去创新?减少培训机构,不准上市和减负有什么直接关系?","listText":"<a 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涨不起来啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/680703051","isVote":1,"tweetType":1,"viewCount":3646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":317286910,"gmtCreate":1612450730330,"gmtModify":1703762110466,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"有道好安静啊~我是很喜欢有道的~没人买没人卖可还行~","listText":"有道好安静啊~我是很喜欢有道的~没人买没人卖可还行~","text":"有道好安静啊~我是很喜欢有道的~没人买没人卖可还行~","images":[{"img":"https://static.tigerbbs.com/c6b865f681a14820c8dc9fa97ec34afb","width":"750","height":"2068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317286910","isVote":1,"tweetType":1,"viewCount":1618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":819582947,"gmtCreate":1630077438589,"gmtModify":1704955685288,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3580631378571423\">@TitusK</a>:<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>potential upside of 138%. Hold for long term?","listText":"//<a href=\"https://laohu8.com/U/3580631378571423\">@TitusK</a>:<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>potential upside of 138%. Hold for long term?","text":"//@TitusK:$Skillz Inc(SKLZ)$potential upside of 138%. Hold for long term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819582947","repostId":"2162931260","repostType":2,"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313573999,"gmtCreate":1611741992611,"gmtModify":1703752852977,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"我去啊!","listText":"我去啊!","text":"我去啊!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/313573999","repostId":"1112797848","repostType":4,"isVote":1,"tweetType":1,"viewCount":1142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":620504812,"gmtCreate":1669818671536,"gmtModify":1669818672519,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZH\">$知乎(ZH)$ </a>知乎真的,没什么交易量","listText":"<a href=\"https://laohu8.com/S/ZH\">$知乎(ZH)$ </a>知乎真的,没什么交易量","text":"$知乎(ZH)$ 知乎真的,没什么交易量","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/620504812","isVote":1,"tweetType":1,"viewCount":2642,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848508441,"gmtCreate":1636008729530,"gmtModify":1636008729530,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848508441","repostId":"841461343","repostType":1,"repost":{"id":841461343,"gmtCreate":1635935332679,"gmtModify":1636602304570,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"37002306153600","authorIdStr":"37002306153600"},"themes":[],"title":"【虎友访谈】小刀大叔:长线对冲策略,适合懒人的期权投资法!","htmlText":"虎妞今天采访的是<a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a>,他会不定期在社区中更新关于Shortput+Coveredcall的实战心得,也探索出一份适合懒人的期权投资策略。只不过他认为,这个策略适合中性市场和慢牛市场,不适合绝对的牛市与熊市。 <a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 所说的长线对冲策略到底是什么?咱们一起去看看~ <a href=\"https://laohu8.com/TP/289\" target=\"_blank\">#虎友访谈#</a> <a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 我1984年出生,财务管理专业毕业,常驻惠州和深圳。我的职业是个人价值投资顾问,目前专注于研究个人价值投资。爱好读书和弹吉他,做饭。 T:介绍一下您的投资背景吧,如何接触到股票市场的? 我是在2013年因为一个朋友的原因,知道投资理财的,最开始接触的是农产品现货; 2015年因为帮一个在券商工作的同学冲开户业绩,开通过股票账户,投资过股票; 2016年开始转型期货交易,在2019年的时候,开始系统学习期权交易,目前主要专注股票期权和ETF期权。 因为采用的长线对冲策略,所以我定义为个人价值投资。 T:看了一下,您分享的内容基本都和期权有关。有人利用期权来对冲长期投资的风险,有人期望通过期权来获取更大的收益,您做期权的初衷是什么? 谈到初衷,我的内心其实很复杂,我觉得可以分为三个阶段来说: 第一个阶段:2019年最开始接","listText":"虎妞今天采访的是<a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a>,他会不定期在社区中更新关于Shortput+Coveredcall的实战心得,也探索出一份适合懒人的期权投资策略。只不过他认为,这个策略适合中性市场和慢牛市场,不适合绝对的牛市与熊市。 <a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 所说的长线对冲策略到底是什么?咱们一起去看看~ <a href=\"https://laohu8.com/TP/289\" target=\"_blank\">#虎友访谈#</a> <a target=\"_blank\" href=\"https://laohu8.com/U/3461630901560141\">@小刀大叔</a> 我1984年出生,财务管理专业毕业,常驻惠州和深圳。我的职业是个人价值投资顾问,目前专注于研究个人价值投资。爱好读书和弹吉他,做饭。 T:介绍一下您的投资背景吧,如何接触到股票市场的? 我是在2013年因为一个朋友的原因,知道投资理财的,最开始接触的是农产品现货; 2015年因为帮一个在券商工作的同学冲开户业绩,开通过股票账户,投资过股票; 2016年开始转型期货交易,在2019年的时候,开始系统学习期权交易,目前主要专注股票期权和ETF期权。 因为采用的长线对冲策略,所以我定义为个人价值投资。 T:看了一下,您分享的内容基本都和期权有关。有人利用期权来对冲长期投资的风险,有人期望通过期权来获取更大的收益,您做期权的初衷是什么? 谈到初衷,我的内心其实很复杂,我觉得可以分为三个阶段来说: 第一个阶段:2019年最开始接","text":"虎妞今天采访的是@小刀大叔,他会不定期在社区中更新关于Shortput+Coveredcall的实战心得,也探索出一份适合懒人的期权投资策略。只不过他认为,这个策略适合中性市场和慢牛市场,不适合绝对的牛市与熊市。 @小刀大叔 所说的长线对冲策略到底是什么?咱们一起去看看~ #虎友访谈# @小刀大叔 我1984年出生,财务管理专业毕业,常驻惠州和深圳。我的职业是个人价值投资顾问,目前专注于研究个人价值投资。爱好读书和弹吉他,做饭。 T:介绍一下您的投资背景吧,如何接触到股票市场的? 我是在2013年因为一个朋友的原因,知道投资理财的,最开始接触的是农产品现货; 2015年因为帮一个在券商工作的同学冲开户业绩,开通过股票账户,投资过股票; 2016年开始转型期货交易,在2019年的时候,开始系统学习期权交易,目前主要专注股票期权和ETF期权。 因为采用的长线对冲策略,所以我定义为个人价值投资。 T:看了一下,您分享的内容基本都和期权有关。有人利用期权来对冲长期投资的风险,有人期望通过期权来获取更大的收益,您做期权的初衷是什么? 谈到初衷,我的内心其实很复杂,我觉得可以分为三个阶段来说: 第一个阶段:2019年最开始接","images":[{"img":"https://static.tigerbbs.com/82684cbcc87ce154ed4a5a524920ee17","width":"576","height":"384"},{"img":"https://static.tigerbbs.com/43b86c28268004d4a9caa1554f64545b","width":"1080","height":"360"},{"img":"https://static.tigerbbs.com/eafac10a6189f1feed177339b3eca98c","width":"756","height":"415"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841461343","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858909233,"gmtCreate":1634958173285,"gmtModify":1634958173285,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858909233","repostId":"859798689","repostType":1,"repost":{"id":859798689,"gmtCreate":1634731701837,"gmtModify":1634882393890,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"37002306153600","authorIdStr":"37002306153600"},"themes":[],"title":"【虎友访谈】期权小班长:巧用期权掌握低风险套利!","htmlText":"短短2个月粉丝增长了8000+,凭借“Sell Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾<a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> ,跟随虎妞去了解一下他的观点吧! <a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 期权价值由两部分组成:内在价值和时间价值。价","listText":"短短2个月粉丝增长了8000+,凭借“Sell Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾<a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> ,跟随虎妞去了解一下他的观点吧! <a target=\"_blank\" href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a> 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 期权价值由两部分组成:内在价值和时间价值。价","text":"短短2个月粉丝增长了8000+,凭借“Sell Put”交易策略获得几乎稳赚的收益,更豪言“跟我反着做,就是百分百亏钱”! 他就是本期嘉宾@期权小班长 ,跟随虎妞去了解一下他的观点吧! @期权小班长 互联网老厂码农,具体哪家就不方便多说了。平时就喜欢炒股,相信技术在期权实践有独特优势,周末偶尔也会去爬山户外活动,马上冬天了很期待去滑雪。 T:简单聊聊您的投资背景吧,什么契机让您接触到投资领域的? 早年公司发了一些股票,跟着同事炒股觉得很好玩,之前也玩过一些期权,也写了一些程序发现期权异动去跟,没什么系统,今年在老虎上看到有人说做特斯拉的sell put,研究了一下,很有意思,然后自己跑程序验证可行性觉得很靠谱。 现在也是边学习边完善的阶段,因为没有试过熊市,不知道系统的可抗性,也想看看。 T:开始怎么想到要去做“Sell Put”的? 大家最开始接触期权肯定都是买call对吧,亏损有限收益无限,但你需要投入一百二十分的经历去盯盘。今年有篇社区文章特别触动我,作者讲他从几千刀赚到几十万美金,但过程特别煎熬,一步判断错资产就灰飞烟灭。这点我也很有体会。单边买call这个策略收益期望极高,容错率极低。 后来我就老老实实的买正股,你知道美股从1年跨度来看收益很高,但很多股票,更多时间都在横盘。你看下苹果从去年9月到今年5月,每天打开账户没有区别。 然后我就看到了这个sell put策略。 T:买call,买正股,卖put都是看多,为什么买call就比卖put容错率低了? 期权价值由两部分组成:内在价值和时间价值。价","images":[{"img":"https://static.tigerbbs.com/1e64c4a66801625e3d26f800cb88dbaa","width":"808","height":"732"},{"img":"https://static.tigerbbs.com/43f829cbb5f37f42ae1d2da2d79f601a","width":"600","height":"333"},{"img":"https://static.tigerbbs.com/5c32bc94db9b1f36e73b71a506cb3315","width":"571","height":"463"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/859798689","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826454717,"gmtCreate":1634049065303,"gmtModify":1634049065303,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826454717","repostId":"828895043","repostType":1,"repost":{"id":828895043,"gmtCreate":1633879701878,"gmtModify":1633924726621,"author":{"id":"3527667591235607","authorId":"3527667591235607","name":"OptionPlus","avatar":"https://static.tigerbbs.com/e8009c23927adcf8b5e1e1d101178392","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667591235607","authorIdStr":"3527667591235607"},"themes":[],"title":"如何运用期权玩转财报季(1)持有苹果的看过来,段永平都这么玩苹果期权","htmlText":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","listText":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","text":"下周就正式进入美国新一轮财报季了,一切都将回归企业基本面。 在连续7个月上涨之后,美股9月突然踩了个大刹车,这让10月注定是一个不安稳的月份。历史上10月也因一些载入史册的崩盘而闻名,华尔街无法忘记1929、1987还有2008的金秋。 嘉信理财首席策略师桑德斯预言:9月的波动很可能延续到10月。 更有分析师直指,10月即将到来的财报季正是近期的重大风险,因为许多企业已经就供应链危机发布预警,它们很可能给出悲观的指引,财报发布后,投行很很能下调企业的未来盈利预期和股价预期。高盛分析师警告,与今年上半年相比,EPS超出预期的频率和幅度都会放缓。供应链限制、油价上涨以及劳动力成本增加将牵制即将到来的财报季。 美国银行日前发表报告预计,三季度将成为历史上盈利第二好的季度,但盈利会从二季度创纪录的水平下滑7.4%。分析师预计,标普500指数第三季度的每股收益同比增长27%至49美元,但将大幅低于第二季度的实际每股收益53美元。 在注定动荡不安的财报季该如何交易?是防御还是出击? 很多小资金或者风险承受能力比较大的小伙伴看好一个公司的财报就喜欢选择买期权来以小博大,直接买一张财报后到期的call,这种方式简单粗暴,一旦股价如预期般暴涨,call的涨幅远超正股。但是高收益也伴随着高风险,如果财报后股价下跌,或者涨幅不够大,call就作废了。 我的期权交易逻辑完全建立在底层股票的基本面上,每个财报是企业季度中最重要的日子,在财报季我会将标的进行分类: 1)我持有的股票 2)我看好且愿意长期投资的股票 3)我了解且有信心,想偷鸡一把的股票 要做财报交易,就会对股票的财报后的股价波动方向或者波动范围做一定的研究判断,市场观点就相当重要,一定要了解尽可能全面的情况。 这三种对应不同策略,第一种是为了在做头寸保护(或者做一些对冲),第二种其实是“准”买入,第三种就是常说的赌财报。赌财报,由于不同","images":[{"img":"https://static.tigerbbs.com/f982cb3cfe760ea1e4977cba74e57a0b","width":"2712","height":"1356"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828895043","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829431779,"gmtCreate":1633532058958,"gmtModify":1633532058958,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829431779","repostId":"829148371","repostType":1,"repost":{"id":829148371,"gmtCreate":1633482921589,"gmtModify":1633483229803,"author":{"id":"3514329116425907","authorId":"3514329116425907","name":"小虎AV","avatar":"https://static.tigerbbs.com/162e12f8dcec770ec19f66f2abb0d5db","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514329116425907","authorIdStr":"3514329116425907"},"themes":[],"htmlText":"\n \n \n 【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>\n \n","listText":"【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 <a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>","text":"【苹果纪念影片:我们亲爱的Steve】苹果官网今年纪念乔布斯的视频非常赞,不到三分钟,把乔布斯最经典的发布会瞬间与演讲台词串了起来,一气呵成,用他自己的原话纪念他,非常感人 $苹果(AAPL)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829148371","isVote":1,"tweetType":2,"object":{"id":"9183cd0467b54972a2ede523bc34271d","tweetId":"829148371","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/f961ca383701925925524301081/5mcYVFiiuvcA.mp4","poster":"https://static.tigerbbs.com/751471de4b0e4562dbf96c8bd28b950c"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865905405,"gmtCreate":1632928097335,"gmtModify":1632928097335,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865905405","repostId":"866473897","repostType":1,"repost":{"id":866473897,"gmtCreate":1632800694819,"gmtModify":1632808772632,"author":{"id":"3516096698306373","authorId":"3516096698306373","name":"石头","avatar":"https://static.tigerbbs.com/8477922e6df4928f290cca5cd50ce873","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3516096698306373","authorIdStr":"3516096698306373"},"themes":[],"title":"期权是什么 | 股票套牢怎么办?这份期权回血策略送给你","htmlText":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的<a target=\"_blank\" href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","listText":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的<a target=\"_blank\" href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","text":"期权是一种金融工具,在波动市场中使用这种工具会获得意想不到的收获,但是其高风险也让很多人避而不提,那么期权到底该怎么用呢?以及期权有没有一些安全的交易策略呢?实际上是有的,今天石头就跟大家聊聊期权的那点事情,咱们循序渐进,由浅入深的说说期权。本期文章趋近于科普类,高级玩家请关注后续文章(如果还有的话)什么是期权期权(Options)是一种选择权,从其英文Options上我们就知道,这是一种选择,而并非是投资的主要方式。期权指是一种能在未来某特定时间以特定价格买入或卖出一定数量的某种特定商品的权利。 它是在期货的基础上产生的一种金融工具,给予买方或持有者,购买或出售标的资产(Underlying asset)的权利。期权与股票、期货都是不同的,单位是Contract,翻译成中文就是合约、合同。因此我们将期权理解为交易某公司股票的合同,而期权的主要利润也是来自于权利金的交易,这样会更好理解。举个例子,比如大家熟悉的$苹果(AAPL)$ 股票,现在股价在146左右,这个价格如果买正股,可能买不了多少,而如果现在不买,未来可能就不是这个价格了,但是又不想错过现在这个价格怎么办呢?那么就可以考虑在期权市场中,买一份期权(注意:一份期权/一张期权在美国市场对应的是100股,港股不一样)期权上有个到期合约,比如2021年11月5日,(见下图)那么选定日期后,就可以用行权价(股价)的价格买走苹果公司的股票,但是你买走这份期权还是需要价格的,所以还需要加上最新价(权利金)的费用,才可以拥有这份合约,比如按照144的行权价,买入苹果一份期权,那么你就需要花费6.35 *100的价格,也就是635美金买走这份期权,变向的等于,在2021年11月5日前,苹果的股价要达到144+","images":[{"img":"https://static.tigerbbs.com/0c312eda7a24747f88d57de8be460d97","width":"453","height":"532"},{"img":"https://static.tigerbbs.com/5159810d621337b75b6ff2cfb53d64be","width":"688","height":"418"},{"img":"https://static.tigerbbs.com/dc1a541d0346e17f7ab40e3b06ca27b3","width":"411","height":"832"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866473897","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861545063,"gmtCreate":1632527786852,"gmtModify":1632527786852,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/861545063","repostId":"2169690557","repostType":2,"isVote":1,"tweetType":1,"viewCount":2960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":863512570,"gmtCreate":1632405669790,"gmtModify":1632405669790,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/863512570","repostId":"1184277851","repostType":2,"isVote":1,"tweetType":1,"viewCount":1483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860355984,"gmtCreate":1632140503948,"gmtModify":1632140503948,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/860355984","repostId":"334286265","repostType":1,"repost":{"id":334286265,"gmtCreate":1610800853457,"gmtModify":1703746948274,"author":{"id":"3539164066154947","authorId":"3539164066154947","name":"Raytroninvs","avatar":"https://static.tigerbbs.com/c9ea6a08d0b146942ea8bfde8d243755","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3539164066154947","authorIdStr":"3539164066154947"},"themes":[],"title":"期权的定价","htmlText":" 通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 值均为正值,也就是说当股价往你预期方向移动时,你手里这张期权赚钱速度是越来越快的,但当股价反反向移动时,亏钱速度是越来","listText":" 通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a>股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 值均为正值,也就是说当股价往你预期方向移动时,你手里这张期权赚钱速度是越来越快的,但当股价反反向移动时,亏钱速度是越来","text":"通常情况下我们在买入或卖出一张期权后,必须要预估出止盈或止损价位,那怎么去计算期权的价格呢?股票涨1块期权涨1块?哪些因素影响着期权的定价 一般来说股票价格是对于期权价格影响最大的因素之一,当股票价格高于行权价格时,股票价格的波动会直接影响到期权的内在价值,而股票价格的波动同样会影响到股票价格在未来时间里的价格分布预期进而影响到期权的时间价值。听不懂没关系,4个希腊字母,delta,gamma,Vega,theta一、DeltaDelta值(δ),又称对冲值:是衡量标的资产价格变动时,期权价格的变化幅度 。用公式表示:Delta=期权价格变化/标的资产价格变化期权的delta值介于-1到1之间。对于看涨期权,Delta的变动范围为0到1。对于看跌期权,Delta变动范围为-1到0。举个栗子可以理解为aapl每上涨1美金,期权价格上涨delta美金二,GammaGamma(γ)反映 Delta 的变化与标的资产价格变化的比率。这是期权价格关于标的资产价格的二阶偏导数,或是期权 Delta 对标的资产的一阶偏导数。还是刚那个栗子我们用126来分析这张行权价为126的看涨期权的 Delta 为 0.547,Gamma 值为 0.036,则表示$苹果(AAPL)$股价每上升 1 元,所引起 delta 增加量为 0.036,Delta 将从 0.547增加到 0.583gamma走势是一个抛物线走势,价外期权和价内期权gamma值较小,平值期权gamma值最大与 Delta 不同,当你作为买方时,无论看涨期权或是看跌期权的 Gamma 值均为正值,也就是说当股价往你预期方向移动时,你手里这张期权赚钱速度是越来越快的,但当股价反反向移动时,亏钱速度是越来","images":[{"img":"https://static.tigerbbs.com/17eb5740a11d73ed0c2b0e4d1954a038","width":"1150","height":"692"},{"img":"https://static.tigerbbs.com/38439b7cb6963ed880d5061cb66bfdc5","width":"1150","height":"692"},{"img":"https://static.tigerbbs.com/38439b7cb6963ed880d5061cb66bfdc5","width":"1150","height":"692"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/334286265","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888305460,"gmtCreate":1631429951850,"gmtModify":1631429951850,"author":{"id":"3573516832182725","authorId":"3573516832182725","name":"小仙女要发财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573516832182725","authorIdStr":"3573516832182725"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888305460","repostId":"2166377430","repostType":2,"isVote":1,"tweetType":1,"viewCount":1723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}