{"id":41103,"date":"2026-03-16T01:43:55","date_gmt":"2026-03-16T01:43:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b8%8c%eb%a4%bc%ec%85%80%ec%97%90%ec%84%9c-eu-%ec%99%b8%eb%ac%b4%ec%9e%a5%ea%b4%80%eb%93%a4%ec%9d%b4-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%ea%b5%90%eb%9e%80%ec%9c%bc%eb%a1%9c\/"},"modified":"2026-03-16T01:43:55","modified_gmt":"2026-03-16T01:43:55","slug":"%eb%b8%8c%eb%a4%bc%ec%85%80%ec%97%90%ec%84%9c-eu-%ec%99%b8%eb%ac%b4%ec%9e%a5%ea%b4%80%eb%93%a4%ec%9d%b4-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%ea%b5%90%eb%9e%80%ec%9c%bc%eb%a1%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b8%8c%eb%a4%bc%ec%85%80%ec%97%90%ec%84%9c-eu-%ec%99%b8%eb%ac%b4%ec%9e%a5%ea%b4%80%eb%93%a4%ec%9d%b4-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%ea%b5%90%eb%9e%80%ec%9c%bc%eb%a1%9c\/","title":{"rendered":"\ube0c\ub93c\uc140\uc5d0\uc11c EU \uc678\ubb34\uc7a5\uad00\ub4e4\uc774 \ud638\ub974\ubb34\uc988 \ud574\ud611 \uad50\ub780\uc73c\ub85c \uc720\uac00\uac00 \uc0c1\uc2b9\ud558\ub294 \uac00\uc6b4\ub370 \ud574\uc0c1 \ub300\uc751 \ubc29\uc548\uc744 \ub17c\uc758\ud55c\ub2e4"},"content":{"rendered":"EU \uc678\ubb34\uc7a5\uad00\ub4e4\uc774 \ube0c\ub93c\uc140\uc5d0\uc11c \ud638\ub974\ubb34\uc988 \ud574\ud611\uc774 \uc0ac\uc2e4\uc0c1 \ub9c9\ud78c \uc0c1\ud669\uc5d0 \ub300\ud574, \ud574\uad70\uc744 \ub3d9\uc6d0\ud574 \ub300\uc751\ud560 \uac00\ub2a5\uc131\uc744 \ub17c\uc758\ud558\uace0 \uc788\ub2e4. \ub17c\uc758\uc5d0\ub294 EU\uac00 \uc120\ubc15 \ud56d\ub85c\ub97c \ub2e4\uc2dc \uc5f4\uae30 \uc704\ud574 \uc5b4\ub5a4 \uc870\uce58\ub97c \ucde8\ud574\uc57c \ud558\ub294\uc9c0\ub3c4 \ud3ec\ud568\ub41c\ub2e4.\n\n\uc77c\ubd80 \uad00\ub8cc\ub4e4\uc740 \uae30\uc874 \uc784\ubb34\ub97c \ud638\ub974\ubb34\uc988 \ud574\ud611 \ucabd\uc73c\ub85c \ub113\ud788\uc790\uace0 \uc81c\uc548\ud588\ub2e4. \ub2e4\ub9cc \uc7a5\uad00\ub4e4\uc774 \uace7\ubc14\ub85c \ud638\ub974\ubb34\uc988\uc5d0 \ubcd1\ub825\uc744 \ubcf4\ub0b4\ub294 \uacb0\uc815\uc744 \ub0b4\ub9b4 \uac00\ub2a5\uc131\uc740 \ud06c\uc9c0 \uc54a\ub2e4.\n\n

\uc5d0\ub108\uc9c0 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131<\/h3>\n\uc774\ubc88 \ub17c\uc758\ub294 \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ubbf8\uad6d \ub300\ud1b5\ub839\uc774 \ub3d9\ub9f9\uad6d\ub4e4\uc5d0 \uc804\ud568(\uad70\ud568)\uc744 \ubcf4\ub0b4 \uc120\ubc15 \uc6b4\ud56d\ub85c\ub97c \ud68c\ubcf5\uc2dc\ud0a4\ub294 \ub370 \ud611\ub825\ud558\ub77c\uace0 \ucd09\uad6c\ud55c \ub4a4 \uc774\uc5b4\uc84c\ub2e4. \uc5b8\uae09\ub41c \uad6d\uac00\ub294 \uc601\uad6d, \ud504\ub791\uc2a4, \uc911\uad6d, \uc77c\ubcf8\uc774\ub2e4.\n\n\ud638\ub974\ubb34\uc988 \ud574\ud611\uc758 \ud574\uc0c1 \uc548\uc804(\ubc14\ub2e4\uc5d0\uc11c \uc120\ubc15\uc774 \uc548\uc804\ud558\uac8c \uc6b4\ud56d\ud560 \uc218 \uc788\ub3c4\ub85d \uc9c0\ud0a4\ub294 \uac83)\uc5d0 \ub300\ud55c \ub17c\uc758\uac00 \ub2e4\uc2dc \ub098\uc624\uba74\uc11c, \uc5d0\ub108\uc9c0 \uc2dc\uc7a5 \uac00\uaca9\uc774 \ub354 \ud06c\uac8c \ud754\ub4e4\ub9b4(\ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8) \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4. \uc804 \uc138\uacc4 \ud558\ub8e8 \uc11d\uc720 \uacf5\uae09\ub7c9\uc758 \uc57d 5\ubd84\uc758 1\uc774 \uc774 \uc881\uc740 \ud574\ud611\uc744 \ud1b5\uacfc\ud558\uae30 \ub54c\ubb38\uc5d0, \uc6b4\uc1a1 \ucc28\uc9c8 \uc704\ud611\ub9cc\uc73c\ub85c\ub3c4 \uc2dc\uc7a5\uc5d0\ub294 \ud070 \uc0ac\uac74\uc774 \ub41c\ub2e4. \ub2f9\uc7a5\uc758 \ud575\uc2ec\uc740 \uac11\uc791\uc2a4\ub7ec\uc6b4 \uac00\uaca9 \uae09\ub4f1\uc5d0 \ub300\ube44\ud558\ub294 \ube44\uc6a9\uc744 \uc810\uac80\ud558\ub294 \uac83\uc774\ub2e4. \uc5ec\uae30\uc11c \u2018\ud5e4\uc9c0(hedging)\u2019\ub294 \uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud574 \ubc18\ub300 \ubc29\ud5a5\uc758 \uac70\ub798\ub098 \ubcf4\ud5d8\uc131 \uac70\ub798\ub97c \ud558\ub294 \uac83\uc744 \ub9d0\ud55c\ub2e4.\n\n2019\ub144\uc5d0\ub3c4 \ube44\uc2b7\ud55c \uc77c\uc774 \uc788\uc5c8\ub294\ub370, \ud574\uad70 \ub300\uc751\uc744 \ub458\ub7ec\uc2fc \uc815\uce58\uc801 \ub17c\uc7c1\uc774 \uba87 \uc8fc \ub3d9\uc548 \ubd88\ud655\uc2e4\uc131\uc744 \ub9cc\ub4e4\uc5c8\ub2e4. \uadf8\ub54c\uc758 \uad50\ud6c8\uc740 \ub9d0(\uac15\uacbd \ubc1c\uc5b8)\uacfc \uc2e4\uc81c \ud589\ub3d9 \uc0ac\uc774\uc758 \uac04\uaca9\uc5d0\uc11c \uc704\ud5d8\uc774 \ub2e4\uc2dc \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c\ub2e4\ub294 \uc810\uc774\ub2e4. \uc989 \ubc30\uac00 \uc2e4\uc81c\ub85c \ubc30\uce58\ub418\uae30 \uc804\ubd80\ud130\ub3c4, EU \uc7a5\uad00\ub4e4\uacfc \ub2e4\ub978 \uc8fc\uc694\uad6d\uc758 \ubc1c\uc5b8\uc774 \uc2dc\uc7a5 \uc2ec\ub9ac(\ud22c\uc790\uc790\ub4e4\uc758 \ubd88\uc548\u00b7\uae30\ub300\uac00 \uac00\uaca9\uc5d0 \ubbf8\uce58\ub294 \ubd84\uc704\uae30)\uc5d0 \uc9c1\uc811 \uc601\ud5a5\uc744 \uc900\ub2e4.\n\n\uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \uc8fc\uc758 \uae4a\uac8c \ubcfc \uc9c0\ud45c\ub294 \ube0c\ub80c\ud2b8\uc720\uc640 WTI \uc6d0\uc720 \uc635\uc158\uc758 \u2018\ub0b4\uc7ac \ubcc0\ub3d9\uc131\u2019\uc774\ub2e4. \u2018\ub0b4\uc7ac \ubcc0\ub3d9\uc131(implied volatility)\u2019\uc740 \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u201c\uc55e\uc73c\ub85c \uac00\uaca9\uc774 \uc5bc\ub9c8\ub098 \ud06c\uac8c \uc6c0\uc9c1\uc77c \uac83\uc778\uac00\u201d\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1\uce58\ub2e4. CBOE \uc6d0\uc720 \ubcc0\ub3d9\uc131 \uc9c0\uc218(OVX)\ub294 \uc774\ub7f0 \uc6b0\ub824\uac00 \ub2e4\uc2dc \ucee4\uc9c0\uba74\uc11c \uc9c0\ub09c\uc8fc \uc774\ubbf8 5% \uc62c\ub790\ub2e4. \uc774\ub294 \uc635\uc158\uc744 \uc0ac\ub294 \ube44\uc6a9\uc774 \ub354 \ube44\uc2f8\uc84c\ub2e4\ub294 \ub73b\uc774\uc9c0\ub9cc, \ub3d9\uc2dc\uc5d0 \uc2dc\uc7a5\uc774 \uae09\uaca9\ud558\uace0 \uc608\uce21\ud558\uae30 \uc5b4\ub824\uc6b4 \uac00\uaca9 \uc6c0\uc9c1\uc784\uc744 \ub354 \ub450\ub824\uc6cc\ud558\uace0 \uc788\ub2e4\ub294 \uc2e0\ud638\uc774\uae30\ub3c4 \ud558\ub2e4.\n\n

\ub354 \ub113\uc740 \uc790\uc0b0 \uc601\ud5a5<\/h3>\n\uacfc\uac70 \ub370\uc774\ud130\ub97c \ubcf4\uba74, 2019\ub144 \uc911\ubc18 \ube44\uc2b7\ud55c \uae34\uc7a5\uc73c\ub85c \ube0c\ub80c\ud2b8\uc720 \uac00\uaca9\uc774 \ud558\ub8e8 \ub9cc\uc5d0 4% \ub118\uac8c \ub6f4 \uc801\uc774 \uc788\ub2e4. \ud604\uc7ac \ube0c\ub80c\ud2b8\uc720\uac00 \ubc30\ub7f4\ub2f9 \uc57d 84\ub2ec\ub7ec\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\uc5b4, \uac19\uc740 \uc0c1\ud669\uc774 \ubc18\ubcf5\ub418\uba74 \uac00\uaca9\uc774 \ube60\ub974\uac8c 90\ub2ec\ub7ec \uc218\uc900\uc73c\ub85c \uac08 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uacbd\uc6b0 \u2018\uc678\uac00\uaca9(out-of-the-money) \ucf5c\uc635\uc158\u2019\uc774 \ub2e8\uae30 \ud22c\uae30(\uc9e7\uc740 \uae30\uac04\uc5d0 \ud070 \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uac70\ub798) \uc804\ub7b5\uc73c\ub85c \ub354 \ub9e4\ub825\uc801\uc73c\ub85c \ubcf4\uc77c \uc218 \uc788\ub2e4. \u2018\ucf5c\uc635\uc158(call option)\u2019\uc740 \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc790\uc0b0\uc744 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac\uc774\uace0, \u2018\uc678\uac00\uaca9\u2019\uc740 \ud604\uc7ac \uac00\uaca9\ubcf4\ub2e4 \ub354 \ub192\uc740 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac\ub77c\uc11c \uc9c0\uae08 \ub2f9\uc7a5 \ud589\uc0ac\ud574\ub3c4 \uc774\ub4dd\uc774 \uc5c6\ub294 \uc0c1\ud0dc\ub97c \ub9d0\ud55c\ub2e4.\n\n\uc6d0\uc720\ub9cc\uc758 \ubb38\uc81c\uac00 \uc544\ub2c8\ub2e4. \uc774\ubbf8 \uac78\ud504 \uc9c0\uc5ed \uc720\uc870\uc120\uc758 \ud574\uc0c1\uc6b4\uc1a1 \ubcf4\ud5d8\ub8cc\uac00 \uc624\ub974\uace0 \uc788\uc73c\uba70, \uc2e4\uc81c \ud574\uad70 \ubc30\uce58\uac00 \ud655\uc778\ub418\uba74 \uc774\ub7f0 \ud750\ub984\uc740 \ub354 \ube68\ub77c\uc9c8 \uc218 \uc788\ub2e4. \ub610\ud55c \uc8fc\uc694 \ud574\uc6b4 \ub300\uae30\uc5c5\uc774\ub098 \ubc29\uc0b0\uc5c5\uccb4(\uad70\uc218\ud488\uc744 \ub9cc\ub4dc\ub294 \ud68c\uc0ac)\uc640 \uc5f0\uacb0\ub41c \u2018\ud30c\uc0dd\uc0c1\ud488(derivatives)\u2019\ub3c4 \ub354 \ub113\uc740 \uc804\ub7b5\uc758 \uc77c\ubd80\ub85c \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \u2018\ud30c\uc0dd\uc0c1\ud488\u2019\uc740 \uc6d0\uc720\u00b7\uc8fc\uc2dd \uac19\uc740 \uae30\ucd08\uc790\uc0b0\uc758 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uacc4\uc57d(\uc608: \uc120\ubb3c, \uc635\uc158)\uc774\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd09\uc1c4 \ub300\uc751\uc744 \ub17c\uc758\ud558\ub824 EU \uc678\ubb34\uc7a5\uad00\ub4e4\uc774 \ube0c\ub93c\uc140\uc5d0 \ubaa8\uc600\ub2e4. \ud574\uad70 \uc784\ubb34 \ud655\ub300 \uac00\ub2a5\uc131\uc774 \uac70\ub860\ub418\uba70, \uc720\uac00\u00b7\uc635\uc158 \ubcc0\ub3d9\uc131(OVX)\uacfc \ubcf4\ud5d8\ub8cc \uc0c1\uc2b9\uc73c\ub85c \uc2dc\uc7a5 \ucda9\uaca9\uc774 \ucee4\uc9c8 \uc804\ub9dd\uc774\ub2e4. – vtmarkets.com<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-41103","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41103"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}