{"id":30877,"date":"2026-03-21T04:02:23","date_gmt":"2026-03-21T04:02:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-cftc-verileri-sp-500de-ticari-olmayan-net-pozisyonlarin-1345-binden-1131-bine-yukseldigini-gosterdi\/"},"modified":"2026-03-21T04:02:23","modified_gmt":"2026-03-21T04:02:23","slug":"abd-cftc-verileri-sp-500de-ticari-olmayan-net-pozisyonlarin-1345-binden-1131-bine-yukseldigini-gosterdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-cftc-verileri-sp-500de-ticari-olmayan-net-pozisyonlarin-1345-binden-1131-bine-yukseldigini-gosterdi\/","title":{"rendered":"ABD CFTC verileri, S&#038;P 500\u2019de ticari olmayan net pozisyonlar\u0131n -134,5 binden -113,1 bine y\u00fckseldi\u011fini g\u00f6sterdi"},"content":{"rendered":"ABD CFTC (Emtia Vadeli \u0130\u015flemler Komisyonu) verileri, S&#038;P 500 NC\u2019de (vadeli i\u015flem\/opsiyon piyasas\u0131nda raporlanan net pozisyon) net pozisyonlar\u0131n -113,1 bine y\u00fckseldi\u011fini g\u00f6steriyor. \u00d6nceki de\u011fer -134,5 bindi.\n\nBu, s\u0131f\u0131ra do\u011fru 21,4 binlik bir de\u011fi\u015fim. Net pozisyonlar h\u00e2l\u00e2 eksi; yani toplamda d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc konumlanma s\u00fcr\u00fcyor.\n\n<h3>Spek\u00fclatif Shortlar Gev\u015fiyor<\/h3>\nB\u00fcy\u00fck spek\u00fclat\u00f6rlerin (k\u0131sa vadeli fiyat hareketlerinden kazan\u00e7 arayan b\u00fcy\u00fck fon ve yat\u0131r\u0131mc\u0131lar) S&#038;P 500\u2019de net short (d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc pozisyon; fiyat d\u00fc\u015ferse kazan\u00e7) pozisyonlar\u0131n\u0131 -134,5 binden -113,1 bin kontrata indirdi\u011fini g\u00f6r\u00fcyoruz. Bu, yat\u0131r\u0131mc\u0131lar\u0131n h\u00e2l\u00e2 genel olarak d\u00fc\u015f\u00fc\u015f bekledi\u011fini, ancak bu g\u00f6r\u00fc\u015f\u00fcn zay\u0131flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Short pozisyonlar\u0131n kapanmas\u0131 (geri al\u0131m yaparak d\u00fc\u015f\u00fc\u015f bahislerini azaltma) en sert sat\u0131\u015f bask\u0131s\u0131n\u0131n \u015fimdilik geride kalm\u0131\u015f olabilece\u011fine i\u015faret ediyor.\n\nDuyarl\u0131l\u0131ktaki bu de\u011fi\u015fim, \u015eubat 2026 enflasyon verisinin beklentiden biraz d\u00fc\u015f\u00fck gelerek %2,9 a\u00e7\u0131klanmas\u0131n\u0131n ard\u0131ndan geldi. Bu durum, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizleri sabit tutabilece\u011fi beklentisini g\u00fc\u00e7lendirdi. 2025 boyunca yap\u0131lan h\u0131zl\u0131 faiz art\u0131\u015flar\u0131 piyasalarda belirgin bir tedirginlik yaratm\u0131\u015ft\u0131; bu bask\u0131 \u015fimdi kademeli olarak azal\u0131yor. Y\u0131l\u0131n d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011fine kadar faiz indirimi olas\u0131l\u0131\u011f\u0131 %60\u2019\u0131n \u00fczerine \u00e7\u0131kt\u0131; bu, birka\u00e7 ay \u00f6ncesine g\u00f6re net bir d\u00f6n\u00fc\u015f.\n\nShort pozisyon ta\u015f\u0131yanlar i\u00e7in bu bir uyar\u0131 olabilir. Spek\u00fclatif shortlar kapand\u0131k\u00e7a piyasadaki tepki y\u00fckseli\u015fi h\u0131zlanabilir ve \u201cshort squeeze\u201d (\u00e7ok say\u0131da short\u00e7unun ayn\u0131 anda pozisyon kapatmak i\u00e7in al\u0131ma ge\u00e7mesiyle fiyat\u0131n beklenmedik \u015fekilde h\u0131zla y\u00fckselmesi) g\u00f6r\u00fclebilir. D\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc i\u015flemlerde k\u00e2r\u0131n bir k\u0131sm\u0131n\u0131 almak veya en az\u0131ndan stop-loss (zarar kes; belirli bir zararda otomatik kapan\u0131\u015f seviyesi) seviyelerini s\u0131k\u0131la\u015ft\u0131rmak daha temkinli bir yakla\u015f\u0131m olabilir.\n\nBu konumlanma de\u011fi\u015fimi, VIX ile \u00f6l\u00e7\u00fclen \u201c\u00f6rt\u00fck oynakl\u0131kta\u201d (opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) kademeli d\u00fc\u015f\u00fc\u015fe de yol a\u00e7abilir. VIX, Mart ba\u015f\u0131ndaki 22 \u00fczeri seviyelerden 19,5 civar\u0131na geriledi. Bu ortam, sert d\u00fc\u015f\u00fc\u015flerden ziyade yatay ya da yava\u015f y\u00fckselen piyasalarda gelir sa\u011flamay\u0131 hedefleyen opsiyon stratejilerini (opsiyon: belirli bir tarihe kadar belirli fiyattan alma\/satma hakk\u0131) \u00f6ne \u00e7\u0131karabilir. Koruyucu put (put opsiyonu: d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sigorta i\u015flevi g\u00f6r\u00fcr) talebi azal\u0131rsa, d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 korunmak isteyenler i\u00e7in putlar g\u00f6rece daha ucuz hale gelebilir.\n\n2022 sonu ve 2023 ba\u015f\u0131ndaki fiyat davran\u0131\u015f\u0131nda benzer bir tablo g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Spek\u00fclat\u00f6rlerdeki y\u00fcksek net short pozisyon zamanla \u00e7\u00f6z\u00fclm\u00fc\u015f, bir\u00e7ok makro haber olumsuz kalmaya devam ederken bile g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015fin \u00f6n\u00fcn\u00fc a\u00e7m\u0131\u015ft\u0131. Bu \u00f6rnek, pozisyonlanmadaki de\u011fi\u015fimin \u00e7o\u011fu zaman fiyat hareketini \u00f6nden haber verebildi\u011fini hat\u0131rlat\u0131yor.\n\n<h3>Historical Parallel And Volatility Implications<\/h3>\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>CFTC, S&#038;P 500\u2019de net shortun -134,5 binden -113,1 bine geriledi\u011fini g\u00f6steriyor: ay\u0131lar geri \u00e7ekiliyor. D\u00fc\u015f\u00fck gelen %2,9 enflasyon, Fed beklentilerini yumu\u015fat\u0131p olas\u0131 short squeeze ve VIX\u2019te d\u00fc\u015f\u00fc\u015f sinyali veriyor.<\/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-30877","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\/30877","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=30877"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}