Sterlin, g\u00fc\u00e7l\u00fc \u0130ngiltere sat\u0131\u015f verilerinin ard\u0131ndan g\u00fcn i\u00e7i 1,3375 zirvesini g\u00f6rerek kaydetti\u011fi erken d\u00f6nem kazan\u00e7lar\u0131n\u0131 geri verdi; seans ilerledik\u00e7e momentum zay\u0131flad\u0131. GBP\/USD en son 1,3356 seviyesinde, %0,03 d\u00fc\u015f\u00fc\u015fle i\u015flem g\u00f6rerek \u00f6nceki s\u0131\u00e7raman\u0131n bir k\u0131sm\u0131n\u0131 sildi.<\/p>\n\n
Petrol arz\u0131nda \u015fok ya\u015fand\u0131\u011f\u0131na dair haber ak\u0131\u015f\u0131n\u0131n ham petrol\u00fc yukar\u0131 itmesiyle piyasa fiyatlamas\u0131 de\u011fi\u015fti ve y\u00fcksek enflasyon endi\u015feleri yeniden canland\u0131. Enerji cephesindeki bu hareket, parite \u00fczerinde ilave bask\u0131 olu\u015ftururken \u0130ngiltere verisine verilen tepkiyi de s\u0131n\u0131rlad\u0131.<\/p>\n\n
K\u00fcresel Brent petrol fiyatlar\u0131n\u0131n ani arz tehditleri nedeniyle yeniden varil ba\u015f\u0131na 83 dolara do\u011fru t\u0131rmanmas\u0131yla, Sterlin\u2019in 1,3375 yak\u0131n\u0131ndaki kazan\u0131mlar\u0131n\u0131 korumakta zorland\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyoruz. Bu enerji \u015foku, \u0130ngiltere\u2019nin T\u00dcFE enflasyonunu son d\u00f6nemdeki %2,2 ortalamas\u0131 civar\u0131nda tutma y\u00f6n\u00fcndeki ilerlemesini kolayca sekteye u\u011fratabilir. T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in, para politikas\u0131 beklentilerindeki ani kaymadan yararlanmak \u00fczere volatilite bazl\u0131 stratejilere y\u00f6nelme zaman\u0131 oldu\u011funa inan\u0131yoruz.<\/p>\n\n
GBP\/USD 1,3356 seviyesinde i\u015flem g\u00f6r\u00fcrken, kurda beklenen dalgalanmalardan faydalanmak i\u00e7in k\u0131sa vadeli straddle al\u0131m\u0131 \u00f6neriyoruz. Benzer emtia kaynakl\u0131 enflasyon korkular\u0131 s\u0131ras\u0131nda, bir ayl\u0131k GBP opsiyonlar\u0131nda ima edilen volatilitenin tarihsel olarak %18\u2019e kadar s\u0131\u00e7rad\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc. Piyasa bu enflasyon risklerini tam fiyatlamadan \u00f6nce g\u00f6rece ucuz opsiyon fiyatlamas\u0131ndan yararlanmak, g\u00fc\u00e7l\u00fc bir risk-getiri oran\u0131 sunuyor.<\/p>\n\n
Bu kurguyu, kur riskimizi hedge etmek amac\u0131yla Brent petrol vadeli i\u015flemleri \u00fczerinde kullan\u0131m fiyat\u0131 spotun \u00fczerinde (out-of-the-money) al\u0131m opsiyonlar\u0131 sat\u0131n alarak da dengelemeliyiz. Petrol fiyatlar\u0131 tek bir haftada %5\u2019ten fazla s\u0131\u00e7rad\u0131\u011f\u0131nda, \u0130ngiltere\u2019nin ithalat faturas\u0131na binen bask\u0131n\u0131n tarihsel olarak Sterlin\u2019i a\u015fa\u011f\u0131 \u00e7ekti\u011fi g\u00f6r\u00fcl\u00fcyor. Portf\u00f6ylere bu enerji call\u2019lar\u0131n\u0131 eklemek, enflasyon endi\u015feleri derinle\u015fir ve Sterlin daha da gerilerse bizi koruyacakt\u0131r.<\/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":" Sterlin, g\u00fc\u00e7l\u00fc sat\u0131\u015f verisiyle 1,3375\u2019i test etse de petrol arz \u015foku Brent\u2019i 83 dolara ta\u015f\u0131rken kazan\u00e7lar\u0131n\u0131 geri verdi. Enflasyon korkusu GBP\/USD\u2019yi 1,3356\u2019ya itti; straddle ve Brent OTM call \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-68579","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