Deutsche Bank analistleri, \u0130ran\u2013ABD aras\u0131nda \u00e7\u00f6z\u00fcm umudunun artmas\u0131 ve petrol fiyatlar\u0131n\u0131n d\u00fc\u015fmesiyle ABD hisselerinde g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc bildirdi. S&P 500\u2019\u00fcn yeni zirvelere \u00e7\u0131kmas\u0131n\u0131; **stagflasyon \u015foku** (ekonominin durgunla\u015ft\u0131\u011f\u0131, fiyatlar\u0131n ise y\u00fckselmeye devam etti\u011fi olumsuz d\u00f6nem) endi\u015fesinin azalmas\u0131na ve daha d\u00fc\u015f\u00fck enerji maliyetlerinin yaratt\u0131\u011f\u0131 rahatlamaya ba\u011flad\u0131lar.<\/p>\n
S&P 500 hafta genelinde %4,54 y\u00fckseldi; bu, May\u0131s 2025\u2019ten bu yana en g\u00fc\u00e7l\u00fc haftal\u0131k art\u0131\u015f oldu. Endeks Cuma g\u00fcn\u00fc %1,20 primle 7.126 seviyesinde rekor kapan\u0131\u015f yapt\u0131. \u00c7ar\u015famba g\u00fcn\u00fc ise ilk kez 7.000\u2019in \u00fczerine \u00e7\u0131kt\u0131.<\/p>\n
Nasdaq Composite haftay\u0131 %6,84 art\u0131da tamamlad\u0131 ve Cuma g\u00fcn\u00fc %1,52 y\u00fckselerek yeni rekor g\u00f6rd\u00fc. Kazan\u00e7 serisini 13 i\u015flem g\u00fcn\u00fcne \u00e7\u0131kard\u0131; bu, 1992\u2019den bu yana en uzun seri.<\/p>\n
Analistler, \u00e7at\u0131\u015fma d\u00f6nemlerinde g\u00f6r\u00fclen y\u00fckseli\u015flerin bar\u0131\u015f beklentisi zay\u0131flarsa tersine d\u00f6nebilece\u011fini belirtti. Ukrayna sava\u015f\u0131n\u0131n ilk haftalar\u0131nda S&P 500\u2019\u00fcn %10\u2019dan fazla y\u00fckseldi\u011fini, ancak h\u0131zl\u0131 anla\u015fma beklentisi ger\u00e7ekle\u015fmeyince bu hareketin geri verildi\u011fini hat\u0131rlatt\u0131lar.<\/p>\n
Bu tabloda, t\u00fcrev piyasas\u0131nda korunma maliyetinin d\u00fc\u015f\u00fck oldu\u011funa dikkat \u00e7ekiliyor. **VIX endeksi** (piyasada beklenen fiyat dalgalanmas\u0131n\u0131 g\u00f6steren \u201ckorku endeksi\u201d) 13,2\u2019ye gerileyerek bir y\u0131l\u0131 a\u015fk\u0131n s\u00fcrenin en d\u00fc\u015f\u00fck seviyesini g\u00f6rd\u00fc; bu da **opsiyonlar\u0131** (belirli bir tarihe kadar, belirli fiyattan al\u0131m\u2011sat\u0131m hakk\u0131 veren s\u00f6zle\u015fmeler) g\u00f6rece ucuz k\u0131l\u0131yor. Jeopolitik bir olumsuz haber ak\u0131\u015f\u0131yla oynakl\u0131k h\u0131zla artabilece\u011finden, \u00f6nceden korunma almak avantaj sa\u011flayabilir.<\/p>\n
Do\u011frudan bir yakla\u015f\u0131m, SPX ve QQQ gibi ana endekslerde **sat\u0131m (put) opsiyonu** (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 koruma sa\u011flayan opsiyon) alarak olas\u0131 geri \u00e7ekilmeye kar\u015f\u0131 korunmak olabilir. Nasdaq\u2019\u0131n 1992\u2019den beri ilk kez 13 g\u00fcn \u00fcst \u00fcste y\u00fckselmesi, piyasan\u0131n tarihsel olarak \u201cfazla \u0131s\u0131nd\u0131\u011f\u0131na\u201d i\u015faret ediyor. Ge\u00e7en haftaki veriler, **al\u0131m (call) opsiyonu** (fiyat y\u00fckseli\u015fine oynayan opsiyon) al\u0131m hacminin 24 ay\u0131n zirvesine \u00e7\u0131kt\u0131\u011f\u0131n\u0131 g\u00f6sterdi; bu durum genelde a\u015f\u0131r\u0131 iyimserli\u011fe ve ard\u0131ndan gelebilecek **d\u00fczeltmeye** (fiyatlar\u0131n k\u0131sa s\u00fcrede h\u0131zl\u0131 y\u00fckseli\u015ften sonra geri \u00e7ekilmesi) i\u015faret eden klasik bir sinyal olarak g\u00f6r\u00fcl\u00fcr.<\/p>\n
T\u00fcrev \u00fcr\u00fcnlerle, g\u00f6r\u00fc\u015fmelerin bozulmas\u0131na en duyarl\u0131 sekt\u00f6rlere odaklanmak da m\u00fcmk\u00fcn. Enerji **ETF\u2019leri** (bir endeksi\/varl\u0131k sepetini takip eden borsa yat\u0131r\u0131m fonu) \u00fczerindeki opsiyonlar, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019nda gerilimin yeniden t\u0131rmanmas\u0131na h\u0131zl\u0131 tepki verir. Bu \u00fcr\u00fcnlerde **put** veya **put spread** (ayn\u0131 vadede iki farkl\u0131 kullan\u0131m fiyatl\u0131 put opsiyonunu birlikte kullanarak maliyeti d\u00fc\u015f\u00fcren korunma stratejisi) almak, bu y\u00fckseli\u015fin ana nedeni ortadan kalkarsa verimli bir korunma sa\u011flayabilir.<\/p>\n
Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Jeopolitik iyimserlik ve petrol d\u00fc\u015f\u00fc\u015f\u00fc Wall Street\u2019i co\u015fturdu: S&P 500 rekor tazeledi, Nasdaq 13 g\u00fcn \u00fcst \u00fcste y\u00fckseldi. VIX dipte; ucuz opsiyonlarla put\/put spread korumas\u0131 \u00f6ne \u00e7\u0131k\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-45005","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\/45005","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=45005"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45005\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}