Teknoloji hisselerinin \u00f6nc\u00fcl\u00fc\u011f\u00fcndeki y\u00fckseli\u015f, daha d\u00fc\u015f\u00fck \u201cstagflasyon\u201d (ayn\u0131 anda y\u00fcksek enflasyon ve d\u00fc\u015f\u00fck b\u00fcy\u00fcme durgunlu\u011fu) endi\u015feleri ve g\u00fc\u00e7l\u00fc ABD ekonomik verileriyle k\u00fcresel hisseleri desteklerken S&P 500\u2019\u00fc yeniden rekor seviyelere ta\u015f\u0131d\u0131. ABD hisseleri, k\u00fcresel performans s\u0131ralamas\u0131nda alt \u00e7eyrekten (en zay\u0131f %25\u2019lik dilim) orta s\u0131ralara y\u00fckseldi.<\/p>\n
Son 24 saatte k\u00fcresel hisse ve tahvil piyasalar\u0131 y\u00fckseldi. S&P 500 %0,81 art\u0131\u015fla yeni bir rekora \u00e7\u0131kt\u0131. NASDAQ da %1,03 y\u00fckselerek rekor tazeledi.<\/p>\n
\u201cMagnificent 7\u201d endeksi %0,26 y\u00fckseldi. Hareketin lokomotifi \u00e7ip hisseleri oldu; Philadelphia Yar\u0131 \u0130letken Endeksi %4,23 artt\u0131.<\/p>\n
Philadelphia Yar\u0131 \u0130letken Endeksi, 30 Mart\u2019tan bu yana %53,7 y\u00fckseldi. Normal seans sonras\u0131 i\u015flemlerde (piyasa kapand\u0131ktan sonraki al\u0131m-sat\u0131m) AMD hisseleri %16 s\u0131\u00e7rarken Super Micro Computer da ABD kapan\u0131\u015f\u0131 sonras\u0131 y\u00fckseldi.<\/p>\n
S&P 500\u2019\u00fcn 6.200 seviyesini a\u015farak yeni rekorlara \u00e7\u0131kmas\u0131, y\u00fckseli\u015f ivmesinin g\u00fc\u00e7l\u00fc oldu\u011funa i\u015faret ediyor. Bu ralli; nisan ay\u0131 istihdam verisinin 250 bin ki\u015filik art\u0131\u015f g\u00f6stermesi ve T\u00dcFE\u2019nin (CPI: t\u00fcketici fiyat endeksi) %2,8\u2019e gerilemesiyle, ge\u00e7en y\u0131l g\u00fcndemde olan stagflasyon kayg\u0131lar\u0131n\u0131n azalmas\u0131ndan destek buluyor. Bu nedenle, \u00f6zellikle teknoloji sekt\u00f6r\u00fcnde devam eden g\u00fc\u00e7lenmeden faydalanabilecek stratejiler de\u011ferlendirilebilir.<\/p>\n
G\u00fc\u00e7 as\u0131l olarak \u00e7ip \u00fcreticilerinde yo\u011funla\u015f\u0131yor; Philly Yar\u0131 \u0130letken Endeksi (SOX) 7.500\u2019\u00fcn \u00fczerine s\u0131\u00e7rad\u0131. Bu, genel piyasaya yay\u0131lan bir y\u00fckseli\u015ften \u00e7ok, belirli bir teknoloji odakl\u0131 hareket; 2024 sonundaki tabloya benziyor. \u00d6n\u00fcm\u00fczdeki haftalarda, \u00f6nde gelen yar\u0131 iletken hisselerinde ya da SMH ETF\u2019sinde al\u0131m opsiyonu (call option: belirli bir tarihe kadar belirli fiyattan alma hakk\u0131; kald\u0131ra\u00e7l\u0131 getiri imk\u00e2n\u0131 sunar) almak, bu g\u00fc\u00e7l\u00fc trende kald\u0131ra\u00e7l\u0131 kat\u0131l\u0131m sa\u011flayabilir.<\/p>\n
Bu iyimserlik, 2025\u2019in b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde g\u00f6rd\u00fc\u011f\u00fcm\u00fcz faiz belirsizli\u011finden farkl\u0131. O d\u00f6nemde piyasa dalgal\u0131yd\u0131 ve net y\u00f6n yoktu; uzun vadeli y\u00fckseli\u015f pozisyonu almak zordu. \u015eimdi ise Fed\u2019in (ABD Merkez Bankas\u0131) daha \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131na daha az istekli, daha destekleyici) g\u00f6r\u00fcnmesiyle, k\u0131sa vadede yukar\u0131 y\u00f6n daha olas\u0131 g\u00f6r\u00fcn\u00fcyor.<\/p>\n
Buna ra\u011fmen temkinli olmak gerekir; piyasalar d\u00fcz bir \u00e7izgide hareket etmez. VIX\u2019in (S&P 500 oynakl\u0131k endeksi; piyasan\u0131n beklenen dalgalanma \u00f6l\u00e7\u00fcs\u00fc) 13 gibi d\u00fc\u015f\u00fck bir seviyede seyretmesi, SPX veya QQQ \u00fczerinde koruyucu sat\u0131m opsiyonlar\u0131n\u0131 (put option: belirli fiyattan satma hakk\u0131; d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma sa\u011flar) g\u00f6rece ucuz k\u0131l\u0131yor. Bunlar, ani bir geri d\u00f6n\u00fc\u015fe veya beklenmedik jeopolitik \u015foka kar\u015f\u0131 k\u00e2r\u0131 koruyan uygun maliyetli sigorta olarak g\u00f6r\u00fclebilir.<\/p>\n
Baz\u0131 g\u00fc\u00e7l\u00fc performansl\u0131 teknoloji hisselerinde \u201cima edilen oynakl\u0131k\u201d (implied volatility: opsiyon fiyatlar\u0131n\u0131n i\u015faret etti\u011fi beklenen dalgalanma) y\u00fcksek oldu\u011fundan, \u201ckullan\u0131m fiyat\u0131 piyasa fiyat\u0131ndan uzak\u201d sat\u0131m spread\u2019i satmak (out-of-the-money put credit spread: iki sat\u0131m opsiyonu ile kurulan, prim geliri sa\u011flayan ve risk\/kazanc\u0131 s\u0131n\u0131rl\u0131 strateji) da dikkat \u00e7ekiyor. Bu y\u00f6ntem, prim geliri (premium: opsiyon sat\u0131c\u0131s\u0131n\u0131n ald\u0131\u011f\u0131 \u00fccret) elde ederken, piyasa liderlerinin k\u0131sa vadede sert d\u00fc\u015fmeyece\u011fi beklentisine dayan\u0131r; d\u00fc\u015f\u00fc\u015f riskine tamamen a\u00e7\u0131k kalmadan mevcut g\u00fc\u00e7ten gelir \u00fcretme yakla\u015f\u0131m\u0131d\u0131r.<\/p>\n
VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" \u00c7ip hisseleri r\u00fczg\u00e2r\u0131 arkas\u0131na ald\u0131: g\u00fc\u00e7l\u00fc ABD verileri ve azalan stagflasyon kayg\u0131s\u0131yla S&P 500 ile NASDAQ rekor tazeledi. SOX s\u0131\u00e7rarken opsiyonla kald\u0131ra\u00e7, d\u00fc\u015f\u00fck VIX\u2019te koruma \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-46264","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\/46264","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=46264"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46264\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}