ABD hisseleri, petrol fiyatlar\u0131ndaki gerileme ve tahvil getirilerindeki d\u00fc\u015f\u00fc\u015fle destek bulurken S&P 500 g\u00fcn\u00fc %0,21 art\u0131da kapatt\u0131. Buna kar\u015f\u0131l\u0131k e\u015fit a\u011f\u0131rl\u0131kl\u0131 S&P 500 %1,14 y\u00fckselerek bir aydan uzun s\u00fcrenin en iyi seans\u0131n\u0131 kaydetti ve fon ak\u0131\u015flar\u0131n\u0131n defansif ve teknoloji d\u0131\u015f\u0131 sekt\u00f6rlere y\u00f6nelmesiyle rekor tazeledi. Yar\u0131 iletkenlerdeki zay\u0131fl\u0131k NASDAQ 100 \u00fczerinde bask\u0131 kurmay\u0131 s\u00fcrd\u00fcrd\u00fc; endeks %0,98 d\u00fc\u015ft\u00fc ve d\u00fczeltme b\u00f6lgesine yakla\u015f\u0131k yar\u0131m puan kala kapand\u0131. Philadelphia Yar\u0131iletken Endeksi %4,49 gerileyerek 22 Haziran zirvesinin %24,6 alt\u0131na indi; endeks y\u0131lba\u015f\u0131ndan bu yana ise %55,8 art\u0131da kalmaya devam ediyor.<\/p>\n
Asya\u2019da G\u00fcney Kore\u2019de \u00e7ip \u00f6nc\u00fcl\u00fc\u011f\u00fcndeki sat\u0131\u015flar derinle\u015fti; KOSPI yakla\u015f\u0131k %12 gerilerken, bir \u00f6nceki g\u00fcnk\u00fc %11,0\u2019lik d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan yeniden devre kesici devreye girdi. SK Hynix, \u00e7eyreklik k\u00e2rlar\u0131n %557 artmas\u0131na ra\u011fmen %16,5 d\u00fc\u015ferken Samsung %11,0 geriledi. Japonya\u2019da Nikkei %2,29 kay\u0131p ya\u015fad\u0131. \u00c7in\u2019de g\u00f6stergeler daha zay\u0131f seyretti; CSI 300 %0,24, \u015eanghay Bile\u015fik Endeksi %0,50 geriledi, Hong Kong\u2019da Hang Seng ise %1,34 y\u00fckseldi. Avustralya\u2019da daha yumu\u015fak enflasyonun RBA\u2019n\u0131n ilave s\u0131k\u0131la\u015fmas\u0131na y\u00f6nelik beklentileri azaltmas\u0131yla S&P\/ASX 200 %1,10 artt\u0131.<\/p>\n
Mega \u00f6l\u00e7ekli teknoloji hisselerinden defansif sekt\u00f6rlere do\u011fru ya\u015fanan b\u00fcy\u00fck rotasyondan kazan\u00e7 sa\u011flayacak \u015fekilde konumlanmal\u0131y\u0131z. Piyasa de\u011feri a\u011f\u0131rl\u0131kl\u0131 endeksler ile e\u015fit a\u011f\u0131rl\u0131kl\u0131 endeksler aras\u0131ndaki fark\u0131 (spread) i\u015flemleyerek, e\u015fit a\u011f\u0131rl\u0131kl\u0131 S&P 500\u2019\u00fcn son d\u00f6nemde rekor seviyelere uzanan hareketinden faydalanabiliriz. Bu kapsamda, e\u015fit a\u011f\u0131rl\u0131kl\u0131 ETF\u2019lerde al\u0131m (call) opsiyonu al\u0131nmas\u0131n\u0131; teknoloji taraf\u0131ndaki olas\u0131 ek d\u00fc\u015f\u00fc\u015flere kar\u015f\u0131 korunma amac\u0131yla Nasdaq 100 \u00fczerinde sat\u0131m (put) opsiyonu al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n
Philadelphia Yar\u0131iletken Endeksi\u2019nin Haziran zirvelerine g\u00f6re yakla\u015f\u0131k %25 gerilemesi ve G\u00fcney Kore KOSPI\u2019de devre kesicilerin \u00e7al\u0131\u015fmas\u0131, \u00e7ip sekt\u00f6r\u00fcnde a\u015f\u0131r\u0131 oynakl\u0131\u011fa haz\u0131rl\u0131kl\u0131 olunmas\u0131 gerekti\u011fine i\u015faret ediyor. Z\u0131mni volatilite h\u0131zla y\u00fckseldi\u011fi i\u00e7in y\u00f6n tahmini yapmak yerine, y\u00fcksek primli iron condor veya kredi spread gibi stratejilerde prim sat\u0131\u015f\u0131 taraf\u0131na odaklanmal\u0131y\u0131z. Tarihsel olarak, kritik teknoloji endeksleri d\u00fczeltme b\u00f6lgesine girdi\u011finde, volatilitenin sonras\u0131nda ya\u015fanan geri \u00e7ekilmesinden (volatility crush) en fazla opsiyon sat\u0131c\u0131lar\u0131 faydalan\u0131r.<\/p>\n
Apple gibi mega \u00f6l\u00e7ekli \u015firketler kritik bilan\u00e7olar \u00f6ncesinde 5 trilyon dolarl\u0131k de\u011ferlemeleri test ederken, opsiyon piyasas\u0131nda sert fiyat hareketleri bekliyoruz. SK Hynix\u2019in %557\u2019lik k\u00e2r s\u0131\u00e7ramas\u0131n\u0131n dahi y\u00fcksek piyasa beklentilerini tatmin etmemi\u015f olmas\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda, bu dev teknoloji hisselerinde uzun straddle stratejileri uygulanmas\u0131n\u0131 \u00f6neriyoruz. Bu yakla\u015f\u0131m, bilan\u00e7o sonras\u0131 b\u00fcy\u00fck hareketlerden, piyasan\u0131n ister rahatlama ister panik tepkisi vermesinden ba\u011f\u0131ms\u0131z bi\u00e7imde yararlanmay\u0131 sa\u011flar.<\/p>\n
K\u00fcresel cephede, Avustralya\u2019da beklentilerin alt\u0131nda kalan enflasyon, merkez bankas\u0131 faiz art\u0131\u015f beklentilerini a\u015fa\u011f\u0131 \u00e7ekerek ASX 200\u2019\u00fc %1\u2019in \u00fczerinde yukar\u0131 ta\u015f\u0131d\u0131. Bu durumdan, Avustralya hisselerinde al\u0131m (call) opsiyonu alarak veya yerel faiz vadeli i\u015flemlerinde uzun pozisyonla faydalanabiliriz. B\u00f6lgesel parasal bask\u0131lar\u0131n hafiflemeye ba\u015flamas\u0131yla bu makro de\u011fi\u015fim, risk-getiri a\u00e7\u0131s\u0131ndan olduk\u00e7a elveri\u015fli bir zemin sunuyor.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" Piyasada rota de\u011fi\u015fiyor: ABD\u2019de e\u015fit a\u011f\u0131rl\u0131kl\u0131 S&P 500 rekor tazelerken Nasdaq \u00e7ip bask\u0131s\u0131yla geriledi. Asya\u2019da KOSPI\u2019da devre kesici. Strateji: e\u015fit a\u011f\u0131rl\u0131k call, NDX put; volatilitede prim sat\u0131\u015f\u0131, bilan\u00e7oda straddle.<\/p>\n","protected":false},"author":87,"featured_media":49983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t