WTI \u539f\u6cb9\u5468\u4e94\u5728\u6bcf\u6876\u7d04 92.55 \u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff0c\u65e5\u5167\u4e0b\u8dcc 3.28%\u3002\u6b64\u524d\u672c\u5468\u521d\u4e00\u5ea6\u5347\u81f3\u8fd1\u671f\u9999\u6e2f\u4f4d\u3002\u6b64\u8f2a\u56de\u843d\uff0c\u6e90\u65bc\u5e02\u5834\u91cd\u65b0\u8a55\u4f30\u4f0a\u6717\u8207\u7f8e\u570b\u7dca\u5f35\u5c40\u52e2\uff08\u5373\u96d9\u65b9\u5c0d\u7acb\u548c\u885d\u7a81\u98a8\u96aa\uff09\u53ef\u671b\u7de9\u548c\u7684\u901f\u5ea6\u3002<\/p>\n
\u4f0a\u6717\u5916\u9577\u8cfd\u7fa9\u5fb7\u30fb\u963f\u5df4\u65af\u30fb\u963f\u62c9\u683c\u9f4a\uff08Seyed Abbas Araghchi\uff09\u6b63\u524d\u5f80\u5df4\u57fa\u65af\u5766\uff0c\u5c55\u958b\u65b0\u4e00\u8f2a\u8207\u83ef\u76db\u9813\u7684\u300c\u9593\u63a5\u8ac7\u5224\u300d\uff08\u5373\u4e0d\u76f4\u63a5\u9762\u5c0d\u9762\u8ac7\u5224\uff0c\u900f\u904e\u7b2c\u4e09\u65b9\u8f49\u9054\u6216\u5728\u4e0d\u540c\u6e20\u9053\u6e9d\u901a\uff09\u3002\u5e02\u5834\u4ecd\u6182\u616e\u300c\u4f9b\u61c9\u98a8\u96aa\u300d\uff0c\u5305\u62ec\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u9023\u63a5\u6ce2\u65af\u7063\u8207\u5916\u6d77\u7684\u95dc\u9375\u822a\u9053\uff09\u53ef\u80fd\u51fa\u73fe\u822a\u904b\u53d7\u963b\uff0c\u4ee5\u53ca\u96f6\u661f\u8ecd\u4e8b\u884c\u52d5\u3002<\/p>\n
\u7f8e\u570b\u6578\u64da\u4ea6\u62d6\u7d2f\u6cb9\u50f9\u3002\u5bc6\u6b47\u6839\u5927\u5b78\u6d88\u8cbb\u8005\u4fe1\u5fc3\u6307\u6578\uff08University of Michigan Consumer Sentiment Index\uff0c\u7528\u4f5c\u8861\u91cf\u7f8e\u570b\u5bb6\u5ead\u5c0d\u7d93\u6fdf\u8207\u6d88\u8cbb\u610f\u9858\u7684\u8abf\u67e5\u6307\u6a19\uff094 \u6708\u8dcc\u81f3 49.8\uff0c\u70ba\u6578\u5341\u5e74\u4f4e\u4f4d\u3002\u901a\u8139\u9810\u671f\uff08\u5373\u5c45\u6c11\u9810\u8a08\u672a\u4f86\u7269\u50f9\u4e0a\u5347\u7684\u901f\u5ea6\uff09\u4e0a\u5347\uff0c\u5176\u4e2d\u4e00\u500b\u539f\u56e0\u662f\u80fd\u6e90\u50f9\u683c\u66f4\u9ad8\u3002<\/p>\n
\u4e0a\u8ff0\u56e0\u7d20\u4ee4\u5e02\u5834\u5c0d\u7f8e\u570b\u672a\u4f86\u77f3\u6cb9\u9700\u6c42\u66f4\u5be9\u614e\u3002\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u4ecd\u5728\uff0c\u4f46\u4fe1\u5fc3\u8f49\u5f31\u8207\u9700\u6c42\u7591\u616e\uff0c\u9650\u5236\u4e86\u77ed\u671f\u5347\u5e45\u3002<\/p>\n
WTI \u6025\u632b\u53cd\u6620\u5178\u578b\u62c9\u92f8\uff1a\u4e00\u65b9\u9762\u662f\u4f9b\u61c9\u4e2d\u65b7\u98a8\u96aa\uff0c\u53e6\u4e00\u65b9\u9762\u662f\u9700\u6c42\u8f49\u5f31\u6182\u616e\u3002\u7f8e\u4f0a\u8ac7\u5224\u524d\u666f\u672a\u660e\uff0c\u4ee4\u5e02\u5834\u66f4\u7dca\u5f35\uff0c\u672a\u4f86\u6578\u5468\u8981\u4f5c\u55ae\u4e00\u65b9\u5411\u62bc\u6ce8\u4e26\u4e0d\u5bb9\u6613\u3002\u9019\u985e\u5e02\u6cc1\u610f\u5473\u300c\u6ce2\u5e45\u300d\uff08volatility\uff0c\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\u53ef\u80fd\u624d\u662f\u66f4\u95dc\u9375\u7684\u4ea4\u6613\u56e0\u7d20\u3002<\/p>\n
\u5bc6\u6b47\u6839\u5927\u5b78\u6d88\u8cbb\u8005\u4fe1\u5fc3\u8dcc\u81f3 49.8\uff0c\u5c0d\u539f\u6cb9\u9700\u6c42\u5c6c\u56b4\u91cd\u8b66\u865f\u30022022 \u5e74\u4e2d\u8a72\u6307\u6578\u66fe\u4f4e\u898b 50.0\uff0c\u5176\u5f8c\u6578\u6708\u7f8e\u570b\u6c7d\u6cb9\u9700\u6c42\u6309\u7f8e\u570b\u80fd\u6e90\u8cc7\u8a0a\u7f72\uff08EIA\uff0c\u63d0\u4f9b\u80fd\u6e90\u4f9b\u9700\u8207\u5eab\u5b58\u6578\u64da\u7684\u653f\u5e9c\u6a5f\u69cb\uff09\u6578\u64da\u4e0b\u6ed1\u8fd1 8%\u3002\u9019\u7a2e\u6b77\u53f2\u8d70\u52e2\u610f\u5473\uff0c\u70ba\u9632\u7d93\u6fdf\u653e\u6162\u5c0e\u81f4\u6cb9\u50f9\u9032\u4e00\u6b65\u4e0b\u8dcc\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u300c\u8a8d\u6cbd\u671f\u6b0a\u300d\uff08put options\uff0c\u50f9\u683c\u4e0b\u8dcc\u6642\u53ef\u7372\u5229\/\u5c0d\u51b2\u7684\u671f\u6b0a\uff09\uff0c\u6216\u5efa\u7acb\u300c\u718a\u5e02\u8a8d\u6cbd\u50f9\u5dee\u300d\uff08bear put spreads\uff0c\u5373\u8cb7\u5165\u8f03\u9ad8\u884c\u4f7f\u50f9\u8a8d\u6cbd\u3001\u540c\u6642\u8ce3\u51fa\u8f03\u4f4e\u884c\u4f7f\u50f9\u8a8d\u6cbd\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4f46\u9650\u5236\u6700\u5927\u6536\u76ca\uff09\u3002<\/p>\n
\u4e0d\u904e\uff0c\u970d\u723e\u6728\u8332\u6d77\u5cfd\u7684\u6301\u7e8c\u98a8\u96aa\u4e0d\u80fd\u5ffd\u8996\u3002\u5168\u7403\u6bcf\u65e5\u7d04 21% \u7684\u300c\u77f3\u6cb9\u6db2\u9ad4\u6d88\u8017\u91cf\u300d\uff08petroleum liquids consumption\uff0c\u5305\u62ec\u539f\u6cb9\u53ca\u6210\u54c1\u6cb9\u7b49\u6db2\u9ad4\u71c3\u6599\uff09\u9700\u7d93\u7531\u8a72\u6d77\u5cfd\u904b\u8f38\u30022019 \u5e74\u7684\u7dca\u5f35\u5c40\u52e2\u986f\u793a\uff0c\u4e00\u65e6\u8ecd\u4e8b\u5347\u7d1a\uff0c\u6cb9\u50f9\u53ef\u77ed\u6642\u9593\u6025\u5347\u3002\u9019\u4ee4\u76f4\u63a5\u6301\u6709\u300c\u6de8\u6cbd\u5009\u300d\uff08outright short position\uff0c\u5373\u53ea\u62bc\u6ce8\u50f9\u683c\u4e0b\u8dcc\u7684\u7a7a\u5009\uff09\u98a8\u96aa\u6975\u9ad8\uff0c\u8f03\u7a69\u59a5\u505a\u6cd5\u662f\u6301\u6709\u5c11\u91cf\u300c\u50f9\u5916\u8a8d\u8cfc\u671f\u6b0a\u300d\uff08out-of-the-money call options\uff0c\u884c\u4f7f\u50f9\u9ad8\u65bc\u73fe\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u7528\u4f5c\u5c0d\u51b2\u7a81\u767c\u6025\u5347\u98a8\u96aa\uff09\u3002<\/p>\n
\u5728\u5169\u80a1\u529b\u91cf\u4e92\u76f8\u727d\u5236\u4e0b\uff0c\u300c\u96b1\u542b\u6ce2\u5e45\u300d\uff08implied volatility\uff0c\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff09\u53ef\u80fd\u7dad\u6301\u504f\u9ad8\uff0c\u985e\u4f3c 2022 \u5e74\u5730\u7de3\u653f\u6cbb\u885d\u64ca\u671f\u9593\u7684\u6c34\u5e73\u3002\u82e5\u4ea4\u6613\u8005\u9810\u671f\u5c07\u51fa\u73fe\u5927\u5e45\u6ce2\u52d5\u4f46\u7121\u6cd5\u5224\u65b7\u65b9\u5411\uff0c\u53ef\u8003\u616e\u300c\u9577\u8de8\u5f0f\u300d\uff08long straddle\uff0c\u540c\u6642\u8cb7\u5165\u540c\u4e00\u5230\u671f\u65e5\u3001\u540c\u4e00\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u8207\u8a8d\u6cbd\uff09\u6216\u300c\u9577\u52d2\u5f0f\u300d\uff08long strangle\uff0c\u540c\u6642\u8cb7\u5165\u50f9\u5916\u8a8d\u8cfc\u8207\u50f9\u5916\u8a8d\u6cbd\uff09\u3002\u53ea\u8981\u50f9\u683c\u5927\u5e45\u4e0a\u843d\uff0c\u7121\u8ad6\u4f9b\u61c9\u63a8\u5347\u6216\u9700\u6c42\u62d6\u7d2f\uff0c\u5747\u53ef\u80fd\u53d7\u60e0\u3002<\/p>\n
\u82e5\u8a8d\u70ba\u56e0\u7d20\u4e92\u76f8\u62b5\u6d88\u3001\u6cb9\u50f9\u7dad\u6301\u5340\u9593\uff0c\u5247\u300c\u8ce3\u671f\u6b0a\u91d1\u300d\uff08selling premium\uff0c\u5373\u8ce3\u51fa\u671f\u6b0a\u6536\u53d6\u6b0a\u5229\u91d1\uff0c\u62bc\u6ce8\u6ce2\u52d5\u4e0d\u5927\uff09\u6216\u66f4\u5408\u9069\u3002\u4f8b\u5982\u300c\u9435\u5140\u9df9\u300d\uff08iron condor\uff0c\u540c\u6642\u505a\u591a\/\u505a\u7a7a\u4e0d\u540c\u50f9\u4f4d\u7684\u8a8d\u8cfc\u8207\u8a8d\u6cbd\u50f9\u5dee\uff0c\u76ee\u6a19\u662f\u50f9\u683c\u7559\u5728\u5340\u9593\u5167\u8cfa\u53d6\u6b0a\u5229\u91d1\uff09\u53ef\u5728 WTI \u4ecb\u4e4e\u5730\u7de3\u653f\u6cbb\u652f\u6301\u4f4d\u8207\u7d93\u6fdf\u58d3\u529b\u4f4d\u4e4b\u9593\u5f98\u5f8a\u6642\u7372\u5229\uff0c\u53cd\u6620\u4e0a\u5347\u7a7a\u9593\u53d7\u9650\u3001\u4e0b\u884c\u53c8\u6709\u4f9b\u61c9\u98a8\u96aa\u6258\u5e95\u7684\u5224\u65b7\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
WTI\u539f\u6cb9\u8dcc3.28%\u81f3\u6bcf\u687692.55\u7f8e\u5143\uff0c\u4f0a\u6717\u2014\u7f8e\u570b\u8ac7\u5224\u53ca\u98a8\u96aa\u60c5\u7dd2\u964d\u6eab\u81f4\u62cb\u58d3\u52a0\u5287\uff1b\u65e9\u524d\u885d\u9ad8\u5f8c\u6025\u56de\uff0c\u5f8c\u5e02\u8d70\u52e2\u6210\u7126\u9ede\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-45926","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\/45926","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=45926"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/45926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=45926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=45926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=45926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}