{"id":46036,"date":"2026-04-27T17:26:18","date_gmt":"2026-04-27T17:26:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46036\/"},"modified":"2026-04-27T17:26:18","modified_gmt":"2026-04-27T17:26:18","slug":"%e7%b7%8a%e5%bc%b5%e5%b1%80%e5%8b%a2%e5%8d%87%e6%ba%ab%e6%8e%a8%e5%8b%95%e5%b8%83%e8%98%ad%e7%89%b9%e6%b2%b9%e5%83%b9%e7%aa%81%e7%a0%b4%e6%af%8f%e6%a1%b6100%e7%be%8e%e5%85%83%e3%80%80%e5%b8%82","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46036\/","title":{"rendered":"\u7dca\u5f35\u5c40\u52e2\u5347\u6eab\u63a8\u52d5\u5e03\u862d\u7279\u6cb9\u50f9\u7a81\u7834\u6bcf\u6876100\u7f8e\u5143\u3000\u5e02\u5834\u805a\u7126\u6295\u7968\u7d50\u679c\u53ca\u5c01\u9396\u98a8\u96aa"},"content":{"rendered":"<p>\u5e03\u862d\u7279\u539f\u6cb9\u5728\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u4e0a\u5347\u4e0b\u91cd\u8fd4\u6bcf\u6876 100 \u7f8e\u5143\u4ee5\u4e0a\u3002\u6b64\u8209\u767c\u751f\u65bc 4 \u6708 29 \u65e5\u5c31\u300c\u6230\u722d\u6b0a\u529b\u6c7a\u8b70\u300d\uff08War Powers Resolution\uff0c\u6307\u7f8e\u570b\u570b\u6703\u7528\u4ee5\u9650\u5236\u7e3d\u7d71\u5728\u672a\u7372\u6388\u6b0a\u4e0b\u52d5\u7528\u6b66\u529b\u7684\u6a5f\u5236\uff09\u6295\u7968\u4e4b\u524d\uff0c\u6295\u7968\u5167\u5bb9\u8207\u300c\u53f2\u8a69\u4e4b\u6012\u884c\u52d5\u300d\uff08Operation Epic Fury\uff0c\u70ba\u8ecd\u4e8b\u884c\u52d5\u4ee3\u865f\uff09\u76f8\u95dc\u3002<\/p>\n<p>\u8a72\u6b21\u6295\u7968\u5c07\u6c7a\u5b9a\u884c\u52d5\u662f\u5426\u9032\u5165\u672a\u7372\u6388\u6b0a\u7684\u968e\u6bb5\u3002\u61b2\u6cd5\u6240\u8a2d\u7684 60 \u5929\u6642\u9650\u5c07\u65bc 5 \u6708 1 \u65e5\u5c46\u6eff\u3002<\/p>\n<h3>\u5730\u7de3\u98a8\u96aa\u63a8\u52d5\u5e03\u6cb9\u91cd\u4e0a 100 \u7f8e\u5143<\/h3>\n<p>\u7f8e\u65b9\u884c\u52d5\u91cd\u9ede\u5728\u65bc\u78ba\u4fdd\u5728\u8a72\u65e5\u671f\u5f8c\u4ecd\u53ef\u4fdd\u6301\u884c\u52d5\u7a7a\u9593\u3002\u88ab\u63d0\u53ca\u7684\u98a8\u96aa\u5305\u62ec\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u6ce2\u65af\u7063\u4e3b\u8981\u77f3\u6cb9\u822a\u904b\u8981\u9053\uff09\u51fa\u73fe\u300c\u96d9\u91cd\u5c01\u9396\u300d\uff08dual blockade\uff0c\u6307\u540c\u4e00\u8981\u9053\u9762\u5c0d\u5169\u80a1\u529b\u91cf\u6216\u5169\u500b\u65b9\u5411\u7684\u5c01\u9396\u5a01\u8105\uff09\uff0c\u4ee5\u53ca\u7531\u5df4\u57fa\u65af\u5766\u65a1\u65cb\u7684\u7f8e\u4f0a\u505c\u706b\u8ac7\u5224\uff08ceasefire talks\uff0c\u5373\u66ab\u505c\u4ea4\u706b\u7684\u8ac7\u5224\uff09\u9677\u5165\u505c\u6eef\u3002<\/p>\n<p>\u5e02\u5834\u5b9a\u50f9\u53cd\u6620\u885d\u7a81\u53ef\u80fd\u62d6\u9577\uff0c\u4ee4\u7d04 20% \u5168\u7403\u77f3\u6cb9\u4f9b\u61c9\u6301\u7e8c\u53d7\u5a01\u8105\uff1b\u540c\u6642\u4ea6\u53cd\u6620\u5728 5 \u6708\u4e2d\u65ec\u65bc\u4e2d\u570b\u8209\u884c\u7684\u7279\u6717\u666e\u2014\u7fd2\u8fd1\u5e73\u5cf0\u6703\uff08summit\uff0c\u6307\u5169\u570b\u9818\u5c0e\u4eba\u6703\u8ac7\uff09\u524d\uff0c\u4ecd\u53ef\u80fd\u51fa\u73fe\u5916\u4ea4\u89e3\u6c7a\u9014\u5f91\u3002<\/p>\n<p>\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u9810\u671f\u6ce2\u5e45\uff09\u6025\u5347\uff0c\u6cb9\u50f9\u6ce2\u52d5\u7387\u6307\u6578 OVX\uff08oil volatility index\uff0c\u4ee5\u671f\u6b0a\u63a8\u7b97\u7684\u6cb9\u50f9\u6ce2\u52d5\u6307\u6a19\uff09\u5347\u81f3 55\uff0c\u70ba 2022 \u5e74\u91cd\u5927\u4f9b\u61c9\u5e72\u64fe\u4ee5\u4f86\u672a\u898b\u6c34\u5e73\u3002\u9019\u610f\u5473\u671f\u6b0a\u5e02\u5834\u9810\u671f\u672a\u4f86\u4e00\u500b\u6708\u6bcf\u65e5\u6cb9\u50f9\u53ef\u80fd\u6ce2\u52d5\u6bcf\u6876 4 \u81f3 5 \u7f8e\u5143\u3002\u7531\u65bc\u8cb7\u5165\u671f\u6b0a\uff08options\uff0c\u4ee5\u652f\u4ed8\u6b0a\u5229\u91d1\u63db\u53d6\u5728\u7279\u5b9a\u50f9\u683c\u8cb7\u5165\u6216\u8ce3\u51fa\u7684\u6b0a\u5229\uff09\u6210\u672c\u9ad8\uff0c\u4ea4\u6613\u8005\u53ef\u8003\u616e\u4f7f\u7528\u300c\u8cb7\u5165\u770b\u6f32\u50f9\u5dee\u300d\uff08call spread\uff0c\u5373\u540c\u6642\u8cb7\u5165\u8f03\u4f4e\u884c\u4f7f\u50f9\u7684\u770b\u6f32\u671f\u6b0a\u3001\u8ce3\u51fa\u8f03\u9ad8\u884c\u4f7f\u50f9\u7684\u770b\u6f32\u671f\u6b0a\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4e26\u9650\u5236\u6700\u5927\u6536\u76ca\uff09\u4ee5\u62bc\u6ce8\u5347\u5e02\u4e26\u63a7\u5236\u6210\u672c\u3002<\/p>\n<h3>\u6295\u7968\u524d\u7684\u5009\u4f4d\u8207\u5c0d\u6c96<\/h3>\n<p>\u970d\u723e\u6728\u8332\u6d77\u5cfd\u4e00\u65e6\u88ab\u5c01\u9396\uff0c\u5e7e\u4e4e\u6bcf\u65e5 2,100 \u842c\u6876\u3001\u5373\u7d04 20% \u5168\u7403\u4f9b\u61c9\u5c07\u53d7\u5f71\u97ff\u3002\u53ef\u56de\u9867 1990 \u5e74\u6d77\u7063\u6230\u722d\uff0c\u985e\u4f3c\u4f9b\u61c9\u5a01\u8105\u66fe\u4ee4\u539f\u6cb9\u50f9\u683c\u5728\u5169\u500b\u591a\u6708\u5167\u5347\u903e\u4e00\u500d\u3002\u6b64\u6b77\u53f2\u4f8b\u5b50\u652f\u6301\u5e02\u5834\u76ee\u524d\u7684\u6182\u616e\uff0c\u4e26\u89e3\u91cb\u73fe\u50f9\u5305\u542b\u8f03\u9ad8\u7684\u98a8\u96aa\u6ea2\u50f9\uff08risk premium\uff0c\u6295\u8cc7\u8005\u70ba\u627f\u64d4\u4e0d\u78ba\u5b9a\u6027\u800c\u8981\u6c42\u7684\u984d\u5916\u50f9\u683c\uff0f\u56de\u5831\uff09\u3002<\/p>\n<p>\u5728\u884d\u751f\u54c1\u5e02\u5834\uff08derivatives market\uff0c\u4ee5\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u91d1\u878d\u5408\u7d04\u5e02\u5834\uff09\uff0c\u770b\u6f32\u671f\u6b0a\u51fa\u73fe\u5275\u7d00\u9304\u504f\u5411\uff08skew\uff0c\u6307\u671f\u6b0a\u5b9a\u50f9\u5c0d\u67d0\u4e00\u65b9\u5411\u66f4\u6602\u8cb4\uff0f\u66f4\u53d7\u8ffd\u6367\uff09\uff0c\u5373\u770b\u597d\u5347\u5e02\u7684\u62bc\u6ce8\u9060\u591a\u65bc\u770b\u6de1\u30026 \u6708\u5230\u671f\u3001\u884c\u4f7f\u50f9 120 \u7f8e\u5143\u7684\u770b\u6f32\u671f\u6b0a\uff0c\u76f8\u5c0d\u65bc\u884c\u4f7f\u50f9 90 \u7f8e\u5143\u7684\u770b\u8dcc\u671f\u6b0a\uff08put\uff0c\u8ce6\u4e88\u5728\u7279\u5b9a\u50f9\u683c\u8ce3\u51fa\u7684\u6b0a\u5229\uff09\u7684\u6ea2\u50f9\uff0c\u5347\u81f3\u4e09\u5e74\u9ad8\u4f4d\u3002\u9019\u986f\u793a\u4ea4\u6613\u8005\u96d6\u7136\u62bc\u6ce8\u6cb9\u50f9\u6025\u5347\uff0c\u4f46\u4ea4\u6613\u904e\u5ea6\u64e0\u64c1\uff08crowded\uff0c\u592a\u591a\u4eba\u6301\u540c\u4e00\u65b9\u5411\u5009\u4f4d\uff09\uff0c\u4e00\u65e6\u6d88\u606f\u8f49\u5411\uff0c\u5bb9\u6613\u51fa\u73fe\u6025\u901f\u9006\u8f49\u3002<\/p>\n<p>\u5728\u70ba\u9577\u671f\u885d\u7a81\u4f5c\u6e96\u5099\u4e4b\u969b\uff0c\u4ea6\u9700\u7559\u610f\u53ef\u80fd\u51fa\u73fe\u5916\u4ea4\u300c\u51fa\u53e3\u300d\uff08off-ramp\uff0c\u6307\u6709\u6a5f\u6703\u964d\u6eab\u4e26\u9000\u51fa\u5c0d\u6297\u7684\u9014\u5f91\uff09\uff0c\u5c24\u5176\u662f 5 \u6708\u4e2d\u65ec\u7684\u5143\u9996\u6703\u6664\u3002\u82e5\u5728 5 \u6708 1 \u65e5\u6642\u9650\u524d\u610f\u5916\u964d\u6eab\uff08de-escalation\uff0c\u6307\u885d\u7a81\u964d\u7d1a\uff09\uff0c\u5e02\u5834\u98a8\u96aa\u6ea2\u50f9\u6216\u6703\u8fc5\u901f\u56de\u843d\u3002\u6301\u6709\u9577\u5009\uff08long positions\uff0c\u62bc\u6ce8\u50f9\u683c\u4e0a\u5347\u7684\u5009\u4f4d\uff09\u7684\u4ea4\u6613\u8005\u5b9c\u8a2d\u5b9a\u6e05\u6670\u6b62\u8cfa\u76ee\u6a19\uff0c\u6216\u8cb7\u5165\u4fdd\u8b77\u6027\u770b\u8dcc\u671f\u6b0a\uff08protective puts\uff0c\u7528\u4f5c\u4e0b\u8dcc\u4fdd\u96aa\uff09\u4ee5\u9632\u300c\u548c\u5e73\u7d05\u5229\u300d\uff08peace dividend\uff0c\u5c40\u52e2\u7de9\u548c\u5e36\u4f86\u7684\u50f9\u683c\u56de\u843d\uff09\u7a81\u7136\u51fa\u73fe\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e2d\u6771\u7dca\u5f35\u5347\u6eab\uff0c\u5e03\u862d\u7279\u6cb9\u50f9\u885d\u7834\u6bcf\u6876100\u7f8e\u5143\u3002\u5e02\u5834\u7dca\u76ef\u6295\u7968\u7d50\u679c\u8207\u5c01\u9396\u98a8\u96aa\uff0c\u6182\u4f9b\u61c9\u4e2d\u65b7\uff0c\u5e36\u52d5\u80fd\u6e90\u80a1\u8d70\u5f37\uff0c\u901a\u8139\u58d3\u529b\u6216\u518d\u62ac\u982d\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46036","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\/zh-ca\/wp-json\/wp\/v2\/posts\/46036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=46036"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46036\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}