{"id":30344,"date":"2026-03-14T03:02:48","date_gmt":"2026-03-14T03:02:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-cftc-verilerine-gore-sp-500de-ticari-olmayanlarin-net-pozisyonlari-artarak-1682-binden-1345-bine-daraldi\/"},"modified":"2026-03-14T03:02:48","modified_gmt":"2026-03-14T03:02:48","slug":"abd-cftc-verilerine-gore-sp-500de-ticari-olmayanlarin-net-pozisyonlari-artarak-1682-binden-1345-bine-daraldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-cftc-verilerine-gore-sp-500de-ticari-olmayanlarin-net-pozisyonlari-artarak-1682-binden-1345-bine-daraldi\/","title":{"rendered":"ABD CFTC verilerine g\u00f6re S&#038;P 500\u2019de ticari olmayanlar\u0131n net pozisyonlar\u0131 artarak -168,2 binden -134,5 bine darald\u0131"},"content":{"rendered":"ABD CFTC (Emtia Vadeli \u0130\u015flemler Komisyonu) verileri, S&#038;P 500\u2019de NC (non-commercial: ticari ama\u00e7la de\u011fil, spek\u00fclatif ama\u00e7la i\u015flem yapan b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar) net pozisyonlar\u0131n\u0131n -134,5 bin seviyesine y\u00fckseldi\u011fini g\u00f6sterdi. \u00d6nceki de\u011fer -168,2 bindi.\n\nDe\u011fi\u015fim 33,7 bin art\u0131\u015f y\u00f6n\u00fcnde, ancak toplam pozisyon h\u00e2l\u00e2 net k\u0131sa (short: d\u00fc\u015f\u00fc\u015f beklentisiyle a\u00e7\u0131lan sat\u0131\u015f y\u00f6nl\u00fc pozisyon). Veriler, S&#038;P 500 vadeli i\u015flemlerinde (futures: ileri tarihte belirlenen fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) spek\u00fclatif yat\u0131r\u0131mc\u0131lar\u0131n pozisyonlar\u0131n\u0131 yans\u0131t\u0131yor.\n\n<h3>Spek\u00fclatif K\u0131sa Pozisyonlar Azal\u0131yor<\/h3>\nSon veriler, S&#038;P 500\u2019de spek\u00fclatif net k\u0131sa pozisyonlar\u0131n belirgin \u015fekilde azald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. B\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar\u0131n genel e\u011filimi h\u00e2l\u00e2 d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc (bearish: piyasada d\u00fc\u015f\u00fc\u015f beklentisi), ancak piyasaya kar\u015f\u0131 a\u00e7\u0131lan sert sat\u0131\u015f pozisyonlar\u0131 kapat\u0131l\u0131yor. Bu, son alt\u0131 ay\u0131n en g\u00fc\u00e7l\u00fc haftal\u0131k net k\u0131sa pozisyon azalt\u0131m\u0131.\n\nPozisyon de\u011fi\u015fimi, \u015eubat 2026 istihdam raporunun ard\u0131ndan geldi. Rapora g\u00f6re i\u015fg\u00fcc\u00fc piyasas\u0131 g\u00fc\u00e7l\u00fc, ancak a\u015f\u0131r\u0131 \u0131s\u0131nm\u0131\u015f de\u011fil; \u00fccret art\u0131\u015f\u0131 y\u0131ll\u0131k %3,1\u2019e geriledi. Bu tablo, Fed\u2019in (ABD Merkez Bankas\u0131) 2025\u2019te g\u00f6r\u00fclen faiz art\u0131\u015f d\u00f6ng\u00fcs\u00fcne yeniden d\u00f6nmek zorunda kalmayabilece\u011fi beklentisini g\u00fc\u00e7lendirdi. Piyasa, yaz boyunca faizlerin sabit tutulma olas\u0131l\u0131\u011f\u0131n\u0131 %70\u2019in \u00fczerinde fiyatl\u0131yor (pricing in: bir beklentinin i\u015flem fiyatlar\u0131na \u00f6nceden yans\u0131mas\u0131).\n\n2022\u2019nin sonlar\u0131nda da benzer bi\u00e7imde g\u00fc\u00e7l\u00fc \u201cshort kapatma\u201d (short covering: a\u00e7\u0131lm\u0131\u015f k\u0131sa pozisyonlar\u0131n kapanmas\u0131 i\u00e7in geri al\u0131m yap\u0131lmas\u0131) g\u00f6r\u00fclm\u00fc\u015f, ard\u0131ndan 2023\u2019te belirgin bir toparlanma ya\u015fanm\u0131\u015ft\u0131. Bu ge\u00e7mi\u015f \u00f6rnek nedeniyle yat\u0131r\u0131mc\u0131lar b\u00fcy\u00fck k\u0131sa pozisyon ta\u015f\u0131rken temkinli olmal\u0131. D\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc risk azalt\u0131labilir ya da k\u0131sa pozisyonlar, \u201cout-of-the-money\u201d (OTM: kullan\u0131m fiyat\u0131 mevcut fiyattan daha uzakta oldu\u011fu i\u00e7in \u015fu anda k\u00e2rda olmayan) al\u0131m opsiyonlar\u0131 (call option: belirli fiyattan alma hakk\u0131 veren s\u00f6zle\u015fme) al\u0131narak dengelenebilir.\n\nK\u0131sa pozisyonlar\u0131n \u00e7\u00f6z\u00fclmesi, piyasa oynakl\u0131\u011f\u0131n\u0131 (volatility: fiyatlar\u0131n dalgalanma d\u00fczeyi) da a\u015fa\u011f\u0131 \u00e7ekti. VIX endeksi (piyasa korku endeksi: S&#038;P 500 opsiyonlar\u0131ndan t\u00fcretilen beklenen oynakl\u0131k g\u00f6stergesi) 24\u2019\u00fcn \u00fczerinden 18\u2019in alt\u0131na geriledi; bu da portf\u00f6y sigortas\u0131 (portfolio insurance: d\u00fc\u015f\u00fc\u015flere kar\u015f\u0131 opsiyonla korunma) talebinin azald\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\n<h3>Oynakl\u0131k D\u00fc\u015f\u00fcyor<\/h3>\nDaha d\u00fc\u015f\u00fck oynakl\u0131k, kaliteli hisselerde nakit teminatl\u0131 put sat\u0131\u015f\u0131 (cash-secured put: olas\u0131 al\u0131m i\u00e7in nakit ay\u0131rarak sat\u0131\u015f opsiyonu satma stratejisi) gibi y\u00f6ntemleri, iskontolu fiyattan pozisyon almak isteyen yat\u0131r\u0131mc\u0131lar i\u00e7in daha cazip h\u00e2le getiriyor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>S&#038;P 500\u2019de spek\u00fclatif net k\u0131sa CFTC verisine g\u00f6re -134,5 bine y\u00fckseldi: 33,7 binlik short kapatma var. VIX 24\u2019ten 18 alt\u0131na indi. Piyasa Fed bask\u0131s\u0131n\u0131 daha s\u0131n\u0131rl\u0131 fiyatl\u0131yor.<\/p>\n","protected":false},"author":87,"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-30344","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\/tr-mena\/wp-json\/wp\/v2\/posts\/30344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30344"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}