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Lionelsg
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Lionelsg
2021-06-27
Heio world
Lionelsg
2021-06-26
$NETLINK NBN TRUST(CJLU.SI)$
Stable
Lionelsg
2021-06-26
Hnice
Lionelsg
2021-06-25
Check in everyday!! And no T!!If wanna start a event, do it properly; don’t waste people time!
@小虎活动:【老虎7周年】集卡瓜分百万奖金
Lionelsg
2021-06-25
Mahahah
抱歉,原内容已删除
Lionelsg
2021-06-25
Hi
抱歉,原内容已删除
Lionelsg
2021-06-24
Good
Lionelsg
2021-06-24
Hello
抱歉,原内容已删除
Lionelsg
2021-06-24
Hello
抱歉,原内容已删除
Lionelsg
2021-06-24
Hello !!
抱歉,原内容已删除
Lionelsg
2021-06-24
Mine
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Lionelsg
2021-06-23
Bure
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Lionelsg
2021-06-23
Come up
Lionelsg
2021-06-22
I need letter T.https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*EWYO93-index.html?feature=Banner&Page=Discover&platform=android&lang=en_US&skin=1&edition=fundamental&invite=EWYO93&cardBeg=T
Lionelsg
2021-06-22
Good
@小虎活动:【老虎7周年】集卡瓜分百万奖金
Lionelsg
2021-06-21
Very jcoe
EV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</blockquote>
Lionelsg
2021-06-21
$GENTING SINGAPORE LIMITED(G13.SI)$
I Like Genting
Lionelsg
2021-06-21
Huat up now
Lionelsg
2021-06-21
Hello
抱歉,原内容已删除
Lionelsg
2021-06-21
Very strong
去老虎APP查看更多动态
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in everyday!! And no T!!If wanna start a event, do it properly; don’t waste people time!","listText":"Check in everyday!! And no T!!If wanna start a event, do it properly; don’t waste people time!","text":"Check in everyday!! And no T!!If wanna start a event, do it properly; don’t waste people time!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122402516","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1631884627596,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【老虎7周年】集卡瓜分百万奖金","htmlText":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? 戳我即可参与活动 \u0001如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1026,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122847538,"gmtCreate":1624613492224,"gmtModify":1633950534448,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Mahahah","listText":"Mahahah","text":"Mahahah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122847538","repostId":"1169758731","repostType":4,"isVote":1,"tweetType":1,"viewCount":2896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122847229,"gmtCreate":1624613475961,"gmtModify":1633950534571,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122847229","repostId":"2146618022","repostType":4,"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126895574,"gmtCreate":1624550313698,"gmtModify":1634004465649,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Good 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<a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? 戳我即可参与活动 \u0001如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167701429,"gmtCreate":1624283720961,"gmtModify":1634008422674,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Very jcoe","listText":"Very jcoe","text":"Very jcoe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167701429","repostId":"1136791321","repostType":4,"repost":{"id":"1136791321","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624282996,"share":"https://www.laohu8.com/m/news/1136791321?lang=zh_CN&edition=full","pubTime":"2021-06-21 21:43","market":"us","language":"en","title":"EV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136791321","media":"Tiger Newspress","summary":"(June 21) EV stocks fell in morning trading.","content":"<p>(June 21) EV stocks fell in morning 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stocks fell in morning trading.</p><p><blockquote>(6月21日)电动汽车股早盘下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e7e7cf675e122ca02f2d220cde025a88\" tg-width=\"310\" tg-height=\"239\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏汽车","TSLA":"特斯拉","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136791321","content_text":"(June 21) EV stocks fell in morning 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!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/128177537","repostId":"2145014410","repostType":4,"isVote":1,"tweetType":1,"viewCount":1872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130336493,"gmtCreate":1621511464412,"gmtModify":1634188557841,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"I don’t think so!! Tesla doing very well!","listText":"I don’t think so!! Tesla doing very well!","text":"I don’t think so!! Tesla doing very well!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/130336493","repostId":"1123155606","repostType":4,"isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162467548,"gmtCreate":1624071966484,"gmtModify":1634011072853,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Huat!","listText":"Huat!","text":"Huat!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/162467548","repostId":"2144771068","repostType":4,"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160114114,"gmtCreate":1623774730538,"gmtModify":1634028404320,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Of course negative","listText":"Of course negative","text":"Of course negative","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/160114114","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周,在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时,我们表示,这段异常的市场平静期可能会持续到本周五的“四女巫”,届时大量的gamma和delta到期并去风险,在此过程中消除了股票的自然下行缓冲之一(请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”)。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此,高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时,预览了即将到来的6月份到期,他称之为“规模很大——与典型的季度相当”。具体而言,<b>周五有1.8万亿美元的SPX期权到期,此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而,尽管这些总数很大,<b>根据指数规模进行调整后,当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是,根据高盛的估计,combos账户<b>对于15-20%的SPX期权,</b>因此,调整后的未平仓合约总额将达到1.5万亿美元,仍远高于即将到期的单一股票未平仓合约总额(7750亿美元)。此外,由于股市处于历史高位,预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示,双峰在3900和4150。这意味着周五之后,在伽马被重新填充之前,这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况,并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%,为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比;AMC上周是个股中合约量最高的(但名义交易量为70亿美元/天,远低于AMZN领先的1200亿美元/天),同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后,正如野村证券的Charlie McElligott上周首次指出的那样,高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的,在这种情况下,Fishman呼应了我们上周所说的,即“一旦头寸变得更加干净,已实现波动性可能会回升。”</b>与此同时,VIX期货相对于SPX的贝塔值上升表明,投资者预计,如果市场抛售,空头伽马动态将会回升。翻译:<u><b>在抛售中,市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时,与最新的备忘录股票挤压保持一致,高盛还指出,虽然单一股票期权交易量仍然很高,但远低于第一季度的峰值。最近几周,由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上,导致过去两周合约交易量大幅上涨,但名义交易量并未与之匹配。在根据股市规模调整名义成交量时,高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点,这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察,即短期SPX期权(每周)和远离季度的趋势仍在继续,这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一,也是为什么随着到期时间的临近,其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样,投资者越来越多地采用SPX到期的完整日历,包括每周一和周三的到期,因为他们围绕事件调整了自己的观点。事实上,<b>第三个周五到期的SPX期权交易量百分比处于历史最低点,</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量:高盛提出了一个兴趣——“在某种程度上,做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马,他们可能会积极交易超短期SPX指数期权的多头头寸,以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要?因为如果这种趋势足够大,它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是,通过增加单一名称“最受做空的名称”,散户投资者正在市场的其他部分迎来一段非正统的平静时期!</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五2万亿美元伽马到期将如何影响市场</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境:周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周,在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时,我们表示,这段异常的市场平静期可能会持续到本周五的“四女巫”,届时大量的gamma和delta到期并去风险,在此过程中消除了股票的自然下行缓冲之一(请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”)。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此,高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时,预览了即将到来的6月份到期,他称之为“规模很大——与典型的季度相当”。具体而言,<b>周五有1.8万亿美元的SPX期权到期,此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而,尽管这些总数很大,<b>根据指数规模进行调整后,当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是,根据高盛的估计,combos账户<b>对于15-20%的SPX期权,</b>因此,调整后的未平仓合约总额将达到1.5万亿美元,仍远高于即将到期的单一股票未平仓合约总额(7750亿美元)。此外,由于股市处于历史高位,预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示,双峰在3900和4150。这意味着周五之后,在伽马被重新填充之前,这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况,并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%,为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比;AMC上周是个股中合约量最高的(但名义交易量为70亿美元/天,远低于AMZN领先的1200亿美元/天),同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后,正如野村证券的Charlie McElligott上周首次指出的那样,高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的,在这种情况下,Fishman呼应了我们上周所说的,即“一旦头寸变得更加干净,已实现波动性可能会回升。”</b>与此同时,VIX期货相对于SPX的贝塔值上升表明,投资者预计,如果市场抛售,空头伽马动态将会回升。翻译:<u><b>在抛售中,市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时,与最新的备忘录股票挤压保持一致,高盛还指出,虽然单一股票期权交易量仍然很高,但远低于第一季度的峰值。最近几周,由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上,导致过去两周合约交易量大幅上涨,但名义交易量并未与之匹配。在根据股市规模调整名义成交量时,高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点,这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察,即短期SPX期权(每周)和远离季度的趋势仍在继续,这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一,也是为什么随着到期时间的临近,其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样,投资者越来越多地采用SPX到期的完整日历,包括每周一和周三的到期,因为他们围绕事件调整了自己的观点。事实上,<b>第三个周五到期的SPX期权交易量百分比处于历史最低点,</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量:高盛提出了一个兴趣——“在某种程度上,做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马,他们可能会积极交易超短期SPX指数期权的多头头寸,以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要?因为如果这种趋势足够大,它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是,通过增加单一名称“最受做空的名称”,散户投资者正在市场的其他部分迎来一段非正统的平静时期!</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">zerohedge</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188159852,"gmtCreate":1623425214776,"gmtModify":1631884042593,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/G13.SI\">$GENTING SINGAPORE LIMITED(G13.SI)$</a>Good to buy!! 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","text":"$GENTING SINGAPORE LIMITED(G13.SI)$Good to buy!!","images":[{"img":"https://static.tigerbbs.com/6352ca30ed37ac8e4f777ee615954885","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188159852","isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":128177113,"gmtCreate":1624508555232,"gmtModify":1634005074295,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Mine","listText":"Mine","text":"Mine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128177113","repostId":"2145156570","repostType":4,"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167564781,"gmtCreate":1624278412643,"gmtModify":1631884042518,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/G13.SI\">$GENTING SINGAPORE LIMITED(G13.SI)$</a>I Like Genting ","listText":"<a href=\"https://laohu8.com/S/G13.SI\">$GENTING SINGAPORE LIMITED(G13.SI)$</a>I Like Genting ","text":"$GENTING SINGAPORE LIMITED(G13.SI)$I Like Genting","images":[{"img":"https://static.tigerbbs.com/6352ca30ed37ac8e4f777ee615954885","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167564781","isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165436341,"gmtCreate":1624154574883,"gmtModify":1634010212309,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"I need T","listText":"I need T","text":"I need 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and up!","listText":"Up and up!","text":"Up and up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165362331","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163927716,"gmtCreate":1623857584235,"gmtModify":1634026942881,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Give me like","listText":"Give me like","text":"Give me like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163927716","repostId":"1167260446","repostType":4,"repost":{"id":"1167260446","kind":"news","pubTimestamp":1623854157,"share":"https://www.laohu8.com/m/news/1167260446?lang=zh_CN&edition=full","pubTime":"2021-06-16 22:35","market":"hk","language":"en","title":"Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167260446","media":"finance.yahoo","summary":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is exp","content":"<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平,但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来,美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路,一些美联储官员表示,他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧,因为5月份的就业数据显示,经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明,同时发布一系列经济预测,对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote></title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFederal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-06-16 22:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平,但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来,美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路,一些美联储官员表示,他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧,因为5月份的就业数据显示,经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明,同时发布一系列经济预测,对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html\">finance.yahoo</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167260446","content_text":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.\nSince the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.\nWith inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.\nBut the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.\nThe policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.\nFed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180993826,"gmtCreate":1623167161065,"gmtModify":1634036199067,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Wow! Good news!","listText":"Wow! Good news!","text":"Wow! Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/180993826","repostId":"1175116155","repostType":4,"repost":{"id":"1175116155","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623161467,"share":"https://www.laohu8.com/m/news/1175116155?lang=zh_CN&edition=full","pubTime":"2021-06-08 22:11","market":"us","language":"en","title":"Job openings set new record of 9.3 million amid economic reopening<blockquote>经济重新开放期间职位空缺创下930万个新纪录</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175116155","media":"Tiger Newspress","summary":"(June 8) Job openings in April soared to a new record high, with 9.3 million vacancies coming as the","content":"<p>(June 8) Job openings in April soared to a new record high, with 9.3 million vacancies coming as the economy rapidly recovered from its pandemic depths.</p><p><blockquote>(6月8日)随着经济从疫情的深渊中迅速复苏,4月份的职位空缺飙升至历史新高,共有930万个职位空缺。</blockquote></p><p>The standard set in April was well above the 8.3 million in March that itself was a new series high going back to 2000 for the Labor Departments Job Openings and Labor Turnover Survey.</p><p><blockquote>4月份设定的标准远高于3月份的830万,这本身就是劳工部职位空缺和劳动力流动调查自2000年以来的新高。</blockquote></p><p>Federal Reserve policymakers closely watch the JOLTS numbers for indications of labor market slack, though they run a month behind the more widely publicized nonfarm payrolls count.</p><p><blockquote>美联储政策制定者密切关注JOLTS数据,寻找劳动力市场疲软的迹象,尽管这些数据比更广泛宣传的非农就业数据落后一个月。</blockquote></p><p>Markets had been looking for a JOLTS number around 8.18 million, according to FactSet.</p><p><blockquote>FactSet的数据显示,市场一直在寻找约818万的JOLTS数字。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Job openings set new record of 9.3 million amid economic reopening<blockquote>经济重新开放期间职位空缺创下930万个新纪录</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJob openings set new record of 9.3 million amid economic reopening<blockquote>经济重新开放期间职位空缺创下930万个新纪录</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-08 22:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 8) Job openings in April soared to a new record high, with 9.3 million vacancies coming as the economy rapidly recovered from its pandemic depths.</p><p><blockquote>(6月8日)随着经济从疫情的深渊中迅速复苏,4月份的职位空缺飙升至历史新高,共有930万个职位空缺。</blockquote></p><p>The standard set in April was well above the 8.3 million in March that itself was a new series high going back to 2000 for the Labor Departments Job Openings and Labor Turnover Survey.</p><p><blockquote>4月份设定的标准远高于3月份的830万,这本身就是劳工部职位空缺和劳动力流动调查自2000年以来的新高。</blockquote></p><p>Federal Reserve policymakers closely watch the JOLTS numbers for indications of labor market slack, though they run a month behind the more widely publicized nonfarm payrolls count.</p><p><blockquote>美联储政策制定者密切关注JOLTS数据,寻找劳动力市场疲软的迹象,尽管这些数据比更广泛宣传的非农就业数据落后一个月。</blockquote></p><p>Markets had been looking for a JOLTS number around 8.18 million, according to FactSet.</p><p><blockquote>FactSet的数据显示,市场一直在寻找约818万的JOLTS数字。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175116155","content_text":"(June 8) Job openings in April soared to a new record high, with 9.3 million vacancies coming as the economy rapidly recovered from its pandemic depths.The standard set in April was well above the 8.3 million in March that itself was a new series high going back to 2000 for the Labor Departments Job Openings and Labor Turnover Survey.Federal Reserve policymakers closely watch the JOLTS numbers for indications of labor market slack, though they run a month behind the more widely publicized nonfarm payrolls count.Markets had been looking for a JOLTS number around 8.18 million, according to FactSet.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195898176,"gmtCreate":1621267806495,"gmtModify":1634192891321,"author":{"id":"3581589070574617","authorId":"3581589070574617","name":"Lionelsg","avatar":"https://static.tigerbbs.com/e77cfadc88c4dea754ffba7a12379cc1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581589070574617","idStr":"3581589070574617"},"themes":[],"htmlText":"Yes it is! Covid is a good time to watch disney!","listText":"Yes it is! Covid is a good time to watch disney!","text":"Yes it is! Covid is a good time to watch disney!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195898176","repostId":"1121366045","repostType":4,"repost":{"id":"1121366045","kind":"news","pubTimestamp":1621265461,"share":"https://www.laohu8.com/m/news/1121366045?lang=zh_CN&edition=full","pubTime":"2021-05-17 23:31","market":"us","language":"en","title":"Is Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后,迪士尼股票仍然值得买入吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121366045","media":"Motley Fool","summary":"Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.\nWalt Disn","content":"<p>Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.</p><p><blockquote>Disney+上个季度的订户增长远低于分析师的预期。</blockquote></p><p> <b>Walt Disney</b> (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.</p><p><blockquote><b>迪斯尼</b>(纽约证券交易所代码:DIS)第二财季结束时,其Disney+流媒体服务的订户为1.036亿。虽然这是去年同期报告总数的两倍多,但分析师预计Disney+本季度将拥有1.09亿订户。</blockquote></p><p> The stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.</p><p><blockquote>该股在财报发布后最初大幅抛售,目前今年迄今已下跌4.3%。投资者可能想知道《老鼠之家》是否仍然是一项不错的投资。</blockquote></p><p> Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.</p><p><blockquote>以下是收益看涨期权中的四个要点,表明迪士尼表现良好,可能会使抛售成为一个很好的买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00b2ef9a9954376983ea5e8c5eef5678\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: WALT DISNEY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源:华特·迪士尼。</span></p></blockquote></p><p> <b>1. Disney+ is still on track to reach 230 million subscribers</b></p><p><blockquote><b>1.Disney+仍有望达到2.3亿订阅用户</b></blockquote></p><p> Disney was already doomed to disappoint investors after <b>Netflix</b> (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.</p><p><blockquote>迪士尼已经注定会让投资者失望<b>Netflix</b>(纳斯达克:NFLX)在截至3月份的季度未能达到自己的订户指引。疫情期间,流媒体服务的注册量强劲增长,可能需要一两个季度才能恢复。</blockquote></p><p> Nonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.</p><p><blockquote>尽管如此,收益报告中有大量细节表明Disney+仍有望实现其长期订户目标。例如,首席财务官克里斯蒂娜·麦卡锡(Christine McCarthy)表示,迪士尼“在第二季度最后一个月增加潜艇的速度比前两个月更快。”尽管Disney+自推出以来首次提价。</blockquote></p><p> Looking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"</p><p><blockquote>展望近期,首席执行官Bob Chapek表示:“我们有望在2024财年末实现2.3亿至2.6亿用户的指导。”</blockquote></p><p> <b>2. Churn levels remaining low despite price increases</b></p><p><blockquote><b>2.尽管价格上涨,客户流失率仍然很低</b></blockquote></p><p> Even after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"</p><p><blockquote>查佩克表示,即使在上季度实施提价后,“自[欧洲、中东和非洲地区]提价以来,我们还没有观察到客户流失率显着上升。”</blockquote></p><p> Disney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,<i>Loki</i>, which debuts on June 9 has been through the roof.\"</p><p><blockquote>迪士尼预计,一旦内容制作全面恢复,订户增长将更加强劲。查佩克说:“对漫威最新系列的期待,<i>洛基</i>将于6月9日首次亮相的该片已经取得了巨大的成功。”</blockquote></p><p> Remember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from <i>Star Wars</i> and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.</p><p><blockquote>请记住,迪士尼在没有利用深度内容管道的情况下就获得了超过1亿的订阅用户<i>星球大战</i>以及管理层在12月投资者日演讲中公布的漫威。随着该公司从这些强大的特许经营权中添加更多内容,订阅者数量应该会增加。</blockquote></p><p> <b>3. Disney+ has yet to benefit from recent price increases</b></p><p><blockquote><b>3、Disney+尚未从近期涨价中受益</b></blockquote></p><p> Disney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.</p><p><blockquote>迪士尼本季度的每用户平均收入(ARPU)下降了29%,至3.99美元。这与Netflix上季度6%的同比增长相比无疑是一个鲜明的对比。但是这里的故事还有更多。</blockquote></p><p> The decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.</p><p><blockquote>ARPU的下降是由于迪士尼+Hotstar在印度的推出,印度的每用户收入低于迪士尼+在其他市场。如果不包括Hotstar,迪士尼+ARPU几乎没有变化,为5.61美元。</blockquote></p><p> \"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.</p><p><blockquote>麦卡锡表示:“随着今年剩余时间的推移,我们应该开始看到我们在世界各地采取的价格上涨对迪士尼+ARPU的好处。”</blockquote></p><p> <b>4. Per capita spending is up at theme parks</b></p><p><blockquote><b>4.主题公园的人均支出上升</b></blockquote></p><p> Of course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.</p><p><blockquote>当然,主题公园仍然是迪士尼业务的重要组成部分,在2019财年创造了260亿美元的收入。本季度,迪士尼乐园、体验和产品的收入同比下降了44%。但这比上一季度53%的下降有所改善。</blockquote></p><p> Management offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.</p><p><blockquote>管理层在盈利看涨期权上提供了更多好消息。麦卡锡表示:“在华特迪士尼世界,整个第二季度的上座率趋势继续稳步改善,人均游客支出与去年相比再次增长了两位数。”</blockquote></p><p> Disneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.</p><p><blockquote>迪士尼度假区于4月30日开业,管理层对迄今为止游客的反应感到“非常鼓舞”。</blockquote></p><p> It's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying opportunity.</p><p><blockquote>很难说该股短期内将走向何方,但迪士尼的特许经营权是娱乐行业中最有价值的特许经营权之一。我认为可以肯定的是,一旦迪士尼在Disney+上卸载其顶级品牌的更多内容,并且其他业务完全从疫情中恢复过来,股价可能会比现在更高。所以,是的,我认为这次抛售是一个很好的买入机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后,迪士尼股票仍然值得买入吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Disney Stock Still a Buy After Missing Subscriber Estimates?<blockquote>在未达到订户预期后,迪士尼股票仍然值得买入吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-05-17 23:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.</p><p><blockquote>Disney+上个季度的订户增长远低于分析师的预期。</blockquote></p><p> <b>Walt Disney</b> (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.</p><p><blockquote><b>迪斯尼</b>(纽约证券交易所代码:DIS)第二财季结束时,其Disney+流媒体服务的订户为1.036亿。虽然这是去年同期报告总数的两倍多,但分析师预计Disney+本季度将拥有1.09亿订户。</blockquote></p><p> The stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.</p><p><blockquote>该股在财报发布后最初大幅抛售,目前今年迄今已下跌4.3%。投资者可能想知道《老鼠之家》是否仍然是一项不错的投资。</blockquote></p><p> Here are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.</p><p><blockquote>以下是收益看涨期权中的四个要点,表明迪士尼表现良好,可能会使抛售成为一个很好的买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00b2ef9a9954376983ea5e8c5eef5678\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: WALT DISNEY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源:华特·迪士尼。</span></p></blockquote></p><p> <b>1. Disney+ is still on track to reach 230 million subscribers</b></p><p><blockquote><b>1.Disney+仍有望达到2.3亿订阅用户</b></blockquote></p><p> Disney was already doomed to disappoint investors after <b>Netflix</b> (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.</p><p><blockquote>迪士尼已经注定会让投资者失望<b>Netflix</b>(纳斯达克:NFLX)在截至3月份的季度未能达到自己的订户指引。疫情期间,流媒体服务的注册量强劲增长,可能需要一两个季度才能恢复。</blockquote></p><p> Nonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.</p><p><blockquote>尽管如此,收益报告中有大量细节表明Disney+仍有望实现其长期订户目标。例如,首席财务官克里斯蒂娜·麦卡锡(Christine McCarthy)表示,迪士尼“在第二季度最后一个月增加潜艇的速度比前两个月更快。”尽管Disney+自推出以来首次提价。</blockquote></p><p> Looking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"</p><p><blockquote>展望近期,首席执行官Bob Chapek表示:“我们有望在2024财年末实现2.3亿至2.6亿用户的指导。”</blockquote></p><p> <b>2. Churn levels remaining low despite price increases</b></p><p><blockquote><b>2.尽管价格上涨,客户流失率仍然很低</b></blockquote></p><p> Even after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"</p><p><blockquote>查佩克表示,即使在上季度实施提价后,“自[欧洲、中东和非洲地区]提价以来,我们还没有观察到客户流失率显着上升。”</blockquote></p><p> Disney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,<i>Loki</i>, which debuts on June 9 has been through the roof.\"</p><p><blockquote>迪士尼预计,一旦内容制作全面恢复,订户增长将更加强劲。查佩克说:“对漫威最新系列的期待,<i>洛基</i>将于6月9日首次亮相的该片已经取得了巨大的成功。”</blockquote></p><p> Remember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from <i>Star Wars</i> and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.</p><p><blockquote>请记住,迪士尼在没有利用深度内容管道的情况下就获得了超过1亿的订阅用户<i>星球大战</i>以及管理层在12月投资者日演讲中公布的漫威。随着该公司从这些强大的特许经营权中添加更多内容,订阅者数量应该会增加。</blockquote></p><p> <b>3. Disney+ has yet to benefit from recent price increases</b></p><p><blockquote><b>3、Disney+尚未从近期涨价中受益</b></blockquote></p><p> Disney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.</p><p><blockquote>迪士尼本季度的每用户平均收入(ARPU)下降了29%,至3.99美元。这与Netflix上季度6%的同比增长相比无疑是一个鲜明的对比。但是这里的故事还有更多。</blockquote></p><p> The decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.</p><p><blockquote>ARPU的下降是由于迪士尼+Hotstar在印度的推出,印度的每用户收入低于迪士尼+在其他市场。如果不包括Hotstar,迪士尼+ARPU几乎没有变化,为5.61美元。</blockquote></p><p> \"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.</p><p><blockquote>麦卡锡表示:“随着今年剩余时间的推移,我们应该开始看到我们在世界各地采取的价格上涨对迪士尼+ARPU的好处。”</blockquote></p><p> <b>4. Per capita spending is up at theme parks</b></p><p><blockquote><b>4.主题公园的人均支出上升</b></blockquote></p><p> Of course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.</p><p><blockquote>当然,主题公园仍然是迪士尼业务的重要组成部分,在2019财年创造了260亿美元的收入。本季度,迪士尼乐园、体验和产品的收入同比下降了44%。但这比上一季度53%的下降有所改善。</blockquote></p><p> Management offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.</p><p><blockquote>管理层在盈利看涨期权上提供了更多好消息。麦卡锡表示:“在华特迪士尼世界,整个第二季度的上座率趋势继续稳步改善,人均游客支出与去年相比再次增长了两位数。”</blockquote></p><p> Disneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.</p><p><blockquote>迪士尼度假区于4月30日开业,管理层对迄今为止游客的反应感到“非常鼓舞”。</blockquote></p><p> It's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying opportunity.</p><p><blockquote>很难说该股短期内将走向何方,但迪士尼的特许经营权是娱乐行业中最有价值的特许经营权之一。我认为可以肯定的是,一旦迪士尼在Disney+上卸载其顶级品牌的更多内容,并且其他业务完全从疫情中恢复过来,股价可能会比现在更高。所以,是的,我认为这次抛售是一个很好的买入机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/05/17/is-disney-stock-still-a-buy-after-missing-subscrib/\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.fool.com/investing/2021/05/17/is-disney-stock-still-a-buy-after-missing-subscrib/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121366045","content_text":"Disney+ fell well short of analyst estimates for subscriber additions in the last quarter.\nWalt Disney (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million subscribers.\nThe stock initially sold off sharply after the earnings report and is currently down 4.3% year to date. Investors are probably wondering if the House of Mouse is still a good investment.\nHere are four important points from the earnings call that suggest Disney is doing fine and could make the sell-off a good buying opportunity.\nIMAGE SOURCE: WALT DISNEY.\n1. Disney+ is still on track to reach 230 million subscribers\nDisney was already doomed to disappoint investors after Netflix (NASDAQ:NFLX) missed its own guidance for subscribers in the March-ending quarter. There was a strong pull-forward of signups for streaming services during the pandemic that may take a quarter or two to shake out.\nNonetheless, there were plenty of details in the earnings report that suggest Disney+ is still on track to hit its long-term subscriber target. For example, CFO Christine McCarthy said that Disney \"added subs at a faster pace in the last month of the second quarter than we did in the first two months.\" And this was despite the first price increase for Disney+ since launch.\nLooking beyond the near term, CEO Bob Chapek said: \"We are on track to achieve our guidance of 230 million to 260 million subscribers by the end of fiscal 2024.\"\n2. Churn levels remaining low despite price increases\nEven after implementing the price increases last quarter, Chapek said that \"we've not observed any significantly higher churn rate since the price increase in [the Europe, Middle East, and Africa region].\"\nDisney expects subscriber growth to be stronger once content production resumes at full strength. Chapek said, \"the anticipation for Marvel's newest series,Loki, which debuts on June 9 has been through the roof.\"\nRemember that Disney has gained more than 100 million subs without tapping the deep pipeline of content from Star Wars and Marvel that management unveiled at its December investor day presentation. As the company adds more content from these powerhouse franchises, subscriber numbers should add up.\n3. Disney+ has yet to benefit from recent price increases\nDisney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. That is certainly a stark contrast compared to Netflix's 6% year-over-year increase in the last quarter. But there's more to the story here.\nThe decline in ARPU was due to the launch of Disney+ Hotstar in India, which produces a lower revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+ ARPU would have been virtually unchanged at $5.61.\n\"As we move through the remainder of the year, we should start to see the benefit on Disney+ ARPU from price increases we've taken around the world,\" McCarthy said.\n4. Per capita spending is up at theme parks\nOf course, theme parks are still an important piece of Disney's business, generating $26 billion in revenue in fiscal 2019. Revenue from Disney parks, experiences, and products dropped 44% year over year in the quarter. But that's an improvement from the previous quarter's 53% decline.\nManagement offered more good news on the earnings call. \"At Walt Disney World, attendance trends continued to steadily improve throughout the second quarter, and guest spending per capita again grew by double digits versus the prior year,\" McCarthy said.\nDisneyland Resort opened on April 30, and management is \"very encouraged\" by the guest response so far.\nIt's tough to say where the stock will go in the near term, but Disney's franchises are some of the most valuable in the entertainment industry. I think it's a safe bet that once Disney unloads more content from its top brands on Disney+, and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, I view the sell-off as a good buying 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