ABD ile \u0130ran Cuma g\u00fcn\u00fc g\u00f6r\u00fc\u015fmeler yapt\u0131; \u0130ran, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131 derhal yeniden a\u00e7aca\u011f\u0131n\u0131 s\u00f6yledi. Petrol fiyatlar\u0131 gerilerken, ABD borsa endeksleri y\u00fckseldi. Dow Jones Industrial Average %2\u2019nin \u00fczerinde artt\u0131; S&P 500 ve Nasdaq Composite ise yakla\u015f\u0131k %1,5 y\u00fckseldi.<\/p>\n
Haberde bu ad\u0131m\u0131n, 28 \u015eubat\u2019ta ba\u015flayan ve yakla\u015f\u0131k 50 g\u00fcn \u00f6nce patlak veren ABD\u2013\u0130srail ile \u0130ran aras\u0131ndaki \u00e7at\u0131\u015fmayla ba\u011flant\u0131l\u0131 oldu\u011fu belirtiliyor. Ayr\u0131ca \u00e7at\u0131\u015fma s\u0131ras\u0131nda jet yak\u0131t\u0131 fiyatlar\u0131 y\u00fckseldi\u011fi i\u00e7in havayollar\u0131n\u0131n maliyetlerinin artt\u0131\u011f\u0131 ifade ediliyor.<\/p>\n
ABD Ba\u015fkan\u0131 Donald Trump, \u0130srail ile L\u00fcbnan aras\u0131nda Per\u015fembe gecesi ba\u015flayan 10 g\u00fcnl\u00fck ate\u015fkesin ard\u0131ndan \u0130srail\u2019in L\u00fcbnan\u2019a y\u00f6nelik yeni bombard\u0131manlar\u0131n\u0131n engellenece\u011fini s\u00f6yledi. \u0130ran D\u0131\u015fi\u015fleri Bakan\u0131 Seyyid Abbas Erak\u00e7i, ate\u015fkes s\u00fcresince H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ticari gemi ge\u00e7i\u015finin \u201ctamamen a\u00e7\u0131k\u201d olaca\u011f\u0131n\u0131 belirtti.<\/p>\n
Ate\u015fkes g\u00f6r\u00fc\u015fmelerinin yakla\u015f\u0131k 10 g\u00fcn \u00f6nce ba\u015flad\u0131\u011f\u0131 aktar\u0131l\u0131yor. ABD\u2019nin, \u0130ran\u2019\u0131n dondurulmu\u015f 20 milyar dolarl\u0131k varl\u0131\u011fa eri\u015fimi kar\u015f\u0131l\u0131\u011f\u0131nda \u201cy\u00fcksek oranda zenginle\u015ftirilmi\u015f uranyumdan\u201d vazge\u00e7mesini g\u00f6r\u00fc\u015ft\u00fc\u011f\u00fc belirtiliyor. (Zenginle\u015ftirilmi\u015f uranyum: Uranyumdaki U-235 oran\u0131n\u0131n art\u0131r\u0131lmas\u0131; oran y\u00fckseldik\u00e7e n\u00fckleer kullan\u0131m riski artar.) Buna, %60 ve \u00fczeri safl\u0131kta zenginle\u015ftirilmi\u015f uranyum da dahil. \u00d6neride 20 y\u0131ll\u0131k \u201cmoratoryum\u201d (moratoryum: belirli bir faaliyetin belirli s\u00fcre ask\u0131ya al\u0131nmas\u0131) ve buna kar\u015f\u0131l\u0131k 5 y\u0131ll\u0131k bir kar\u015f\u0131 teklif yer al\u0131yor.<\/p>\n
Havayolu hisseleri y\u00fckseldi; United %10\u2019un \u00fczerinde artarken, JetBlue ve Southwest\u2019in her biri %9\u2019dan fazla y\u00fckseldi. Hilton ve Marriott hisseleri yeni rekor seviyelere \u00e7\u0131kt\u0131.<\/p>\n
Sava\u015f riskinin \u015fimdilik azalmas\u0131yla, CBOE Volatilite Endeksi\u2019nin (VIX; piyasadaki beklenen oynakl\u0131\u011f\u0131 g\u00f6steren, \u201ckorku endeksi\u201d olarak da bilinen endeks) Mart ay\u0131nda muhtemelen 35\u2019in \u00fczerini g\u00f6rd\u00fc\u011f\u00fc zirvelerden sert d\u00fc\u015febilece\u011fi de\u011ferlendiriliyor. (Oynakl\u0131k\/volatilite: fiyatlar\u0131n k\u0131sa s\u00fcrede sert dalgalanmas\u0131.) Bu durum, se\u00e7enek s\u00f6zle\u015fmelerinde (opsiyon: belirli bir tarihe kadar belirli fiyattan alma\/satma hakk\u0131 veren t\u00fcrev \u00fcr\u00fcn) primlerin (prim: opsiyonun fiyat\u0131) geriledi\u011fi bir ortamda \u201coynakl\u0131k sat\u0131\u015f\u0131\u201d f\u0131rsat\u0131 yaratabilir. Nakit teminatl\u0131 sat\u0131m opsiyonu sat\u0131\u015f\u0131 (cash-secured put: sat\u0131m opsiyonu satarken olas\u0131 al\u0131m i\u00e7in nakdi haz\u0131r tutma) veya kredi spreadi (credit spread: iki opsiyon i\u015flemiyle net prim geliri hedefleyen s\u0131n\u0131rl\u0131 riskli strateji) gibi y\u00f6ntemlerin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 belirtiliyor.<\/p>\n
Petroldeki sert d\u00fc\u015f\u00fc\u015f, piyasan\u0131n H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n hemen a\u00e7\u0131lmas\u0131n\u0131 fiyatlamas\u0131 olarak yorumlan\u0131yor; bo\u011fazdan her g\u00fcn d\u00fcnya petrol\u00fcn\u00fcn yakla\u015f\u0131k be\u015fte biri ge\u00e7iyor. WTI ham petrol\u00fcn (WTI: ABD merkezli ham petrol fiyat g\u00f6stergesi) ge\u00e7en hafta 110 dolar\u0131n \u00fczerine \u00e7\u0131km\u0131\u015f olabilece\u011fi, bar\u0131\u015f g\u00f6r\u00fc\u015fmeleri bozulmad\u0131k\u00e7a yeniden y\u00fckselmesinin zorla\u015faca\u011f\u0131 ifade ediliyor. Enerji piyasalar\u0131n\u0131n h\u0131zl\u0131 tersine d\u00f6nebilece\u011fi hat\u0131rlat\u0131larak, d\u00fc\u015f\u00fc\u015f\u00fcn pe\u015finden ko\u015fmak yerine fiyatlar\u0131n dengelenmesinin izlenmesi gerekti\u011fi vurgulan\u0131yor.<\/p>\n
Havayolu hisseleri bu geli\u015fmeden en do\u011frudan fayda g\u00f6renler olarak \u00f6ne \u00e7\u0131k\u0131yor; jet yak\u0131t\u0131, operasyon giderlerinin yakla\u015f\u0131k %30\u2019una yakla\u015fabiliyor. United Airlines gibi hisselerdeki s\u0131\u00e7rama \u201crahatlama al\u0131m\u0131\u201d (k\u00f6t\u00fc senaryo azal\u0131nca gelen h\u0131zl\u0131 y\u00fckseli\u015f) olarak g\u00f6r\u00fcl\u00fcyor. T\u00fcrev \u00fcr\u00fcnlerle (t\u00fcrev: de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal ara\u00e7) bu duygu de\u011fi\u015fiminden yararlanmak i\u00e7in JETS ETF\u2019sinde (ETF: borsada i\u015flem g\u00f6ren, sepet mant\u0131\u011f\u0131nda fon) ya da g\u00fc\u00e7l\u00fc bile\u015fenlerinde sat\u0131m opsiyonu sat\u0131\u015f\u0131yla prim toplama yakla\u015f\u0131m\u0131 \u00f6rnek veriliyor; bu, sekt\u00f6r i\u00e7in en k\u00f6t\u00fc d\u00f6nemin geride kald\u0131\u011f\u0131 beklentisini yans\u0131t\u0131r.<\/p>\n
S&P 500\u2019deki s\u0131\u00e7ramayla g\u00f6r\u00fclen genel rahatlama, jeopolitik riskin (siyasi\/askeri geli\u015fmelerin piyasa \u00fczerindeki etkisi) piyasada geri al\u0131nmas\u0131 olarak de\u011ferlendiriliyor. Ancak bunun kal\u0131c\u0131 bir anla\u015fma de\u011fil, 10 g\u00fcnl\u00fck ate\u015fkes oldu\u011fu belirtilerek k\u0131r\u0131lganl\u0131k vurgulan\u0131yor. Durumun 2015\u2019te a\u00e7\u0131klanan \u0130ran n\u00fckleer anla\u015fmas\u0131 \u00e7er\u00e7evesine benzetildi\u011fi; olumlu bir ad\u0131m olsa da ba\u015far\u0131s\u0131zl\u0131k riskinin s\u00fcrd\u00fc\u011f\u00fc ifade ediliyor.<\/p>\n
Bu nedenle ana pozisyonlar\u0131n y\u00fckseli\u015f y\u00f6nl\u00fc olsa da, m\u00fczakerelerin bozulmas\u0131na kar\u015f\u0131 \u201chedge\u201d (hedge: zarar\u0131 azaltmak i\u00e7in koruma i\u015flemi) ihtiyac\u0131 vurgulan\u0131yor. Ucuz ve uzak vadeli, \u201cparan\u0131n \u00e7ok d\u0131\u015f\u0131nda\u201d petrol ETF\u2019lerinde al\u0131m opsiyonlar\u0131 (far out-of-the-money call: mevcut fiyattan \u00e7ok daha yukar\u0131 kullan\u0131m fiyatl\u0131 opsiyon) veya May\u0131s sonuna vadeli SPY \u00fczerinde sat\u0131m opsiyonlar\u0131 (SPY: S&P 500\u2019\u00fc izleyen ETF; put: d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma sa\u011flayan opsiyon) sigorta ama\u00e7l\u0131 \u00f6rnekleniyor. G\u00f6r\u00fc\u015fmelerin \u00e7\u00f6kmesi halinde, bu t\u00fcr pozisyonlar\u0131n genel piyasa d\u00fc\u015f\u00fc\u015f\u00fcnden do\u011facak kay\u0131plar\u0131 k\u0131smen dengeleyebilece\u011fi belirtiliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
H\u00fcrm\u00fcz s\u00fcrprizi piyasalar\u0131 co\u015fturdu: ABD-\u0130ran g\u00f6r\u00fc\u015fmesi sonras\u0131 \u0130ran bo\u011faz\u0131 a\u00e7\u0131yor. Petrol d\u00fc\u015ferken ABD endeksleri y\u00fckseldi; Dow %2+, S&P 500\/Nasdaq %1,5. Havayollar\u0131 ralli, VIX gerileyebilir; ate\u015fkes k\u0131r\u0131lgan, hedge \u00f6neriliyor.<\/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-44912","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\/44912","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=44912"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}