\u5fb7\u610f\u5fd7\u9280\u884c\u5206\u6790\u54e1\u6307\u51fa\uff0c\u7f8e\u80a1\u51fa\u73fe\u5f37\u52c1\u53cd\u5f48\uff0c\u6a19\u666e500\u6307\u6578\u5728\u5e02\u5834\u61a7\u61ac\u4f0a\u6717\u8207\u7f8e\u570b\u6709\u671b\u9054\u6210\u89e3\u6c7a\u65b9\u6848\u3001\u4ee5\u53ca\u6cb9\u50f9\u4e0b\u8dcc\u7684\u5e36\u52d5\u4e0b\uff0c\u518d\u5275\u6b77\u53f2\u65b0\u9ad8\u3002\u4ed6\u5011\u8a8d\u70ba\uff0c\u5347\u52e2\u8207\u5e02\u5834\u5c0d\u300c\u6eef\u8139\u300d\u885d\u64ca\u7684\u6182\u616e\u964d\u6eab\u6709\u95dc\uff0c\u540c\u6642\u80fd\u6e90\u6210\u672c\u56de\u843d\u4ea6\u5e36\u4f86\u7d13\u7de9\u3002<\/p>\n
\uff08\u8a3b\uff1a\u6eef\u8139\u6307\u7d93\u6fdf\u589e\u9577\u653e\u6162\u751a\u81f3\u505c\u6eef\uff0c\u540c\u6642\u7269\u50f9\u4e0a\u5347\uff1b\u5c6c\u5c0d\u6295\u8cc7\u5e02\u5834\u4e0d\u5229\u7684\u7d44\u5408\u3002\uff09<\/p>\n
\u6a19\u666e500\u6307\u6578\u5168\u5468\u53474.54%\uff0c\u70ba\u81ea2025\u5e745\u6708\u4ee5\u4f86\u6700\u5927\u55ae\u5468\u5347\u5e45\uff1b\u5468\u4e94\u518d\u53471.20%\uff0c\u6536\u58317,126\u9ede\uff0c\u5275\u6536\u5e02\u65b0\u9ad8\u3002\u6307\u6578\u4ea6\u65bc\u5468\u4e09\u9996\u6b21\u5347\u7a7f7,000\u9ede\u3002<\/p>\n
\u7d0d\u65af\u9054\u514b\u7d9c\u5408\u6307\u6578\u5168\u5468\u53476.84%\uff0c\u5468\u4e94\u518d\u53471.52%\u5275\u65b0\u9ad8\uff1b\u9023\u534713\u500b\u4ea4\u6613\u65e5\uff0c\u70ba1992\u5e74\u4ee5\u4f86\u6700\u9577\u9023\u5347\u7d00\u9304\u3002<\/p>\n
\u5206\u6790\u54e1\u6307\u51fa\uff0c\u6230\u4e8b\u671f\u9593\u7684\u5e02\u5834\u53cd\u5f48\u4e00\u65e6\u300c\u548c\u5e73\u9810\u671f\u300d\u8f49\u5f31\uff0c\u5347\u52e2\u53ef\u80fd\u8fc5\u901f\u9006\u8f49\u3002\u4ed6\u5011\u63d0\u5230\u4fc4\u70cf\u6230\u722d\u65e9\u6bb5\u7684\u4e00\u6b21\u60c5\u6cc1\uff1a\u6a19\u666e500\u5728\u958b\u6230\u5f8c\u6578\u5468\u5167\u66fe\u7d2f\u5347\u903e10%\uff0c\u5176\u5f8c\u56e0\u5e02\u5834\u5c0d\u77ed\u671f\u9054\u6210\u5354\u8b70\u7684\u671f\u671b\u843d\u7a7a\u800c\u56de\u843d\u3002<\/p>\n
\u4ed6\u5011\u5f62\u5bb9\uff0c\u76ee\u524d\u5e02\u5834\u5e7e\u4e4e\u5b8c\u5168\u7531\u6a02\u89c0\u60c5\u7dd2\u63a8\u52d5\uff1a\u6a19\u666e500\u5347\u81f37,126\u9ede\uff0c\u4e3b\u8981\u5efa\u57fa\u65bc\u7f8e\u4f0a\u9054\u6210\u5354\u8b70\u7684\u61a7\u61ac\u3002\u6cb9\u50f9\u986f\u8457\u4e0b\u8dcc\uff0c\u4ee4\u6eef\u8139\u6182\u616e\u964d\u6eab\uff0c\u5f9e\u800c\u63a8\u52d5\u81ea2025\u5e745\u6708\u4ee5\u4f86\u6700\u5927\u55ae\u5468\u53cd\u5f48\u3002\u4e0d\u904e\uff0c\u9019\u7a2e\u5c40\u9762\u504f\u5411\u8106\u5f31\uff0c\u66f4\u591a\u4f9d\u8cf4\u5e02\u5834\u60c5\u7dd2\uff0c\u800c\u975e\u5df2\u78ba\u8a8d\u3001\u53ef\u6301\u7e8c\u7684\u6b63\u5f0f\u5354\u8b70\u3002<\/p>\n
\u5206\u6790\u54e1\u8a8d\u70ba\uff0c\u73fe\u968e\u6bb5\u4e0d\u5b9c\u6389\u4ee5\u8f15\u5fc3\uff0c\u56e0\u70ba2022\u5e74\u4fc4\u70cf\u6230\u722d\u521d\u671f\u6a19\u666e500\u4ea6\u66fe\u6025\u5347\uff0c\u7576\u6642\u540c\u6a23\u62bc\u6ce8\u8fc5\u901f\u89e3\u6c7a\uff0c\u4f46\u5728\u5e0c\u671b\u7834\u6ec5\u5f8c\u51fa\u73fe\u660e\u986f\u56de\u5410\u3002\u8fd1\u671f\u6d88\u606f\u4ecd\u986f\u793a\uff0c\u73fe\u6642\u8ac7\u5224\u7684\u95dc\u9375\u5206\u6b67\u5c1a\u672a\u89e3\u6c7a\uff0c\u610f\u5473\u5229\u597d\u6a19\u984c\u53ef\u80fd\u540c\u6a23\u8fc5\u901f\u53cd\u8f49\u3002<\/p>\n
\u5728\u6b64\u60c5\u6cc1\u4e0b\uff0c\u4ed6\u5011\u5efa\u8b70\u7559\u610f\u300c\u884d\u751f\u5de5\u5177\u300d\u5e02\u5834\u7684\u4fdd\u8b77\u6210\u672c\u4ecd\u504f\u4f4e\u3002\uff08\u8a3b\uff1a\u884d\u751f\u5de5\u5177\u6307\u5176\u50f9\u503c\u7531\u80a1\u7968\u3001\u6307\u6578\u3001\u5546\u54c1\u7b49\u8cc7\u7522\u50f9\u683c\u300c\u884d\u751f\u300d\u51fa\u4f86\u7684\u91d1\u878d\u5408\u7d04\uff0c\u5e38\u898b\u5305\u62ec\u671f\u6b0a\u3002\uff09VIX\u6307\u6578\uff08\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff0c\u5e38\u88ab\u7a31\u70ba\u300c\u6050\u614c\u6307\u6578\u300d\uff09\u5df2\u8dcc\u81f313.2\uff0c\u70ba\u903e\u4e00\u5e74\u4f4e\u4f4d\uff0c\u4ee4\u671f\u6b0a\u50f9\u683c\u76f8\u5c0d\u4fbf\u5b9c\uff1b\u53ef\u628a\u63e1\u6a5f\u6703\uff0c\u5728\u5730\u7de3\u653f\u6cbb\u51fa\u73fe\u8ca0\u9762\u610f\u5916\u3001\u5f15\u767c\u6ce2\u52d5\u6025\u5347\u524d\uff0c\u5148\u884c\u8cb7\u5165\u4fdd\u8b77\u3002<\/p>\n
\u8f03\u76f4\u63a5\u7684\u505a\u6cd5\uff0c\u662f\u8cb7\u5165\u4e3b\u8981\u6307\u6578\u7684\u300c\u8a8d\u6cbd\u671f\u6b0a\u300d\uff08put options\uff09\uff0c\u4f8b\u5982SPX\uff08\u6a19\u666e500\u6307\u6578\u671f\u6b0a\uff09\u53caQQQ\uff08\u8ffd\u8e64\u7d0d\u6307100\u7684ETF\uff09\u76f8\u95dc\u671f\u6b0a\uff0c\u7528\u4f5c\u300c\u5c0d\u6c96\u300d\uff08hedge\uff0c\u5373\u4ee5\u53e6\u4e00\u4ea4\u6613\u62b5\u6d88\u4e0b\u8dcc\u98a8\u96aa\uff09\u3002\u7531\u65bc\u7d0d\u6307\u525b\u5b8c\u6210\u81ea1992\u5e74\u4ee5\u4f86\u9996\u6b2113\u9023\u5347\uff0c\u5e02\u5834\u5728\u6b77\u53f2\u89d2\u5ea6\u5c6c\u504f\u300c\u904e\u5ea6\u5ef6\u4f38\u300d\uff08\u5373\u77ed\u671f\u5347\u5e45\u904e\u5feb\u3001\u56de\u8abf\u98a8\u96aa\u4e0a\u5347\uff09\u3002\u4e0a\u5468\u6578\u64da\u986f\u793a\uff0c\u300c\u8a8d\u8cfc\u671f\u6b0a\u300d\uff08call options\uff0c\u5373\u62bc\u6ce8\u4e0a\u5347\u7684\u671f\u6b0a\uff09\u8cb7\u5165\u91cf\u5347\u81f324\u500b\u6708\u9ad8\u4f4d\uff0c\u5c6c\u5178\u578b\u904e\u5206\u770b\u597d\u7684\u8a0a\u865f\uff0c\u5f80\u5f80\u5728\u5e02\u5834\u8abf\u6574\u524d\u51fa\u73fe\u3002<\/p>\n
\u4ed6\u5011\u4ea6\u6307\u51fa\uff0c\u53ef\u5229\u7528\u884d\u751f\u5de5\u5177\u96c6\u4e2d\u90e8\u7f72\u65bc\u6700\u53d7\u8ac7\u5224\u7834\u88c2\u5f71\u97ff\u7684\u677f\u584a\uff0c\u4f8b\u5982\u80fd\u6e90\u985eETF\u671f\u6b0a\uff1b\u4e00\u65e6\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff09\u7dca\u5f35\u5c40\u52e2\u518d\u8d77\uff0c\u76f8\u95dc\u7522\u54c1\u6216\u6703\u5373\u6642\u53cd\u61c9\u3002\u8cb7\u5165\u8a8d\u6cbd\u671f\u6b0a\uff0c\u6216\u63a1\u7528\u300c\u8a8d\u6cbd\u50f9\u5dee\u300d\uff08put spread\uff1a\u540c\u6642\u8cb7\u5165\u8f03\u9ad8\u884c\u4f7f\u50f9\u7684\u8a8d\u6cbd\u3001\u8ce3\u51fa\u8f03\u4f4e\u884c\u4f7f\u50f9\u7684\u8a8d\u6cbd\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4f46\u9650\u5236\u6700\u5927\u6536\u76ca\uff09\u53ef\u66f4\u6709\u6548\u7387\u5730\u5c0d\u6c96\uff1a\u4e00\u65e6\u8fd1\u671f\u63a8\u5347\u5927\u5e02\u7684\u6838\u5fc3\u56e0\u7d20\uff08\u6cb9\u50f9\u4e0b\u8dcc\u8207\u8ac7\u5224\u6a02\u89c0\uff09\u7a81\u7136\u6d88\u5931\uff0c\u76f8\u95dc\u90e8\u7f72\u53ef\u63d0\u4f9b\u4fdd\u8b77\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u5fb7\u9280\u6307\u5730\u7de3\u7dca\u5f35\u964d\u6eab\u3001\u6cb9\u50f9\u56de\u843d\uff0c\u63a8\u52d5\u6a19\u666e500\u7834\u9802\u5275\u65b0\u9ad8\uff1b\u60df\u4f30\u503c\u504f\u9ad8\u8207\u5b8f\u89c0\u8b8a\u6578\u672a\u9664\uff0c\u5347\u52e2\u6216\u96a8\u6642\u9006\u8f49\uff0c\u6295\u8cc7\u8005\u5b9c\u614e\u9632\u56de\u5410\u98a8\u96aa\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-45418","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\/wp-json\/wp\/v2\/posts\/45418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=45418"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/45418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=45418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=45418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=45418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}