Ukusakazeka kwe-diagonal noma i-apula "kwabampofu"

Anonim

Ngesonto eledlule, saxoxa amathole ahlanganiswe kumasheya we-Apple (NASDAQ: AAPL). Esihlokweni esandulele kwaphawulwa ukuthi ukuthengwa kwamasheya we-apula ayi-100 kuzobiza abatshalizimali cishe ngama- $ 13,500, okubalulekile kwabaningi.

Ngenxa yalokho, abanye bakhetha ukujabulela "izingcingo ezimboziwe zabampofu." Ngakho-ke, namuhla siphendukela ekusakazweni kwedebhu ye-diagonal, kwesinye isikhathi esisetshenziselwa ukukopisha i-collary ehlanganisiwe ngentengo ephansi kakhulu.

Isihloko sanamuhla kufanele sisize abatshalizimali ukuthi baqonde kangcono izinketho ezingenzeka, futhi abadlali abanolwazi kakhulu - banikezela imibono yamadili wesikhathi esizayo.

Izinketho ze-FLSPS

Ama-slops ahlotshiswe njengezibambiso zokulindela isikhathi eside, futhi ziyizinketho zempahla yesikhathi eside yesitoko. Engxenyeni ekhuluma isiNgisi ye-Intanethi, ingatholakala futhi ngaphansi kwamagama okugxuma noma okuxhuma.

Izinketho ze-Yeap (Izinketho zabo zokuvuthwa zivame ukwehluka kusuka eminyakeni emibili kuya kwemibili) zisetshenziswa ngabatshalizimali abakholelwa emandleni okugcina empahla eyisisekelo, njengamasheya noma imali yesitoko (etf). Ukukhanga kwama-leaps kuchazwa yizindleko zazo eziphansi uma kuqhathaniswa namasheya (I.E. Bathengiswa ngamanani entengo yezivumelwano zokukhetha).

Kodwa-ke, umgwaqo wall awunalo ushizi wamahhala. Cheaper - akusho mahhala. Njengazo zonke izinketho, ama-leaps anesikhathi sokuphelelwa yisikhathi lapho iskripthiso "esabikezelwa" okufanele sisetshenziswe khona.

Njengoba kungukutshalwa kwemali kwesikhathi eside, ababambiqhaza banesikhathi eside kakhulu ukuhlola izinguquko ngenani lempahla eyisisekelo. Noma kunjalo, umhwebi angahle alahlekelwe yonke inhlokodolobha etshaliwe uma inhlangano elindelekile ingatholwa isikhathi sokuphelelwa yisikhathi.

Ngakho-ke, ngaphambi kokuthuthela ekuxhumaneni, umtshalizimali kufanele aqoke kahle isikali sothango noma ukuqagela. Izinketho zesikhathi eside zisiza kuphela ukufeza isilinganiso sengozi oyifunayo kanye nenzuzo engaba khona.

Abatshalizimali abangathanda ukufunda kabanzi mayelana namasu okuthenga ngokuxhumanisa angaxhumana nezinketho zomkhandlu womkhandlu (oic) amawebhusayithi ezemfundo, amamaki e-CBOE Global noma {{{{0 | nasdaq}}}.

I-Diagonal Debit Strord Apple Strord Apple

  • Izindleko: $ 136.91;
  • Uhla lokuhweba lwaminyaka yonke: $ 53,15-145.09;
  • Ukukhuphuka konyaka: + 71.12%;
  • Isivuno sokuhlukanisa: 0.60%.

Ukusakazeka kwe-diagonal noma i-apula
I-Apple: Isikhathi seviki

Okokuqala, umhwebi uthenga ucingo "lwesikhathi eside" ngentengo ephansi yokubulawa. Ngasikhathi sinye, ithengisa "isikhashana" shayela ngentuthuko ephakeme, ukudala ukusakazeka kwe-diagonal.

Ngamanye amagama, okukhethwa kukho izingcingo (kulokhu, kumasheya we-apula) anezintengo ezihlukile zokuxoxisana kanye nezinsuku zokuphelelwa yisikhathi. Umhwebi uvula isikhundla eside ngenketho eyodwa futhi avale enye enze inzuzo ngesimo sokusakazeka kwe-diagonal.

Leliqhinga likhawulela zombili izingozi nezinzuzo ezingaba khona. Umhwebi ubeka isikhundla ngedebithi emsulwa (noma izindleko), okuwukulahlekelwa okuphezulu.

Iningi labadayisi abasebenzisa le ndlela linethemba ngokuthe xaxa ngempahla eyisisekelo, i.e. Amaphepha we-Apple.

Esikhundleni sokuthenga amasheya we-apula ayi-100, umhwebi uthenga inketho "emalini", lapho ama-call egxuma asebenza njenge "surrogate" yezabelo ze-AAPL.

Ngesikhathi sokubhala, amasheya we-Apple abiza ama- $ 136.91.

Esigabeni sokuqala saleli qhinga, umhwebi angathenga inketho yokushayela egxuma "ngemali" (ngokwesibonelo, inkontileka enosuku lokuphelelwa yisikhathi ngoJanuwari 20, 2023 kanye nesiteleka sama- $ 100). Njengamanje, kunikezwa ngentengo yama- $ 47,58 (iphuzu elijwayelekile labantu namanje iziphakamiso). Ngamanye amagama, ubunikazi benketho yocingo, ephelelwa yisikhathi eminyakeni engaphansi kwemibili, kuzobiza umhwebi ngo- $ 4758 (esikhundleni se- $ 13,691).

I-Delta yale nketho (ekhombisa ukubaluleka koshintsho olulindelekile ngentengo yokukhetha lapho inani lempahla eyisisekelo lingu-1 dollar) lingu-0.80.

Ake sibuyele isibonelo: Uma amasheya we-AAPL azokhula ngo- $ 1 kuya ku- $ 137.91, khona-ke inani lamanje lizokhula ngamasenti angama-80. Uyacelwa uqaphele ukuthi ushintsho lwangempela lungahluka ngokuya kwezinye izinto esingeke siyeke kulo mbhalo.

Ngakho-ke, inketho DELTA iyanda njengoba inkontileka ijula ​​ngemali. Abahwebi bazosebenzisa ama-leaps anjalo, ngoba njengoba kusondela i-Delta 1, inketho enamandla iqala ukukhombisa ukugeleza kwephepha eliyisisekelo. Kalula nje, i-Delta ku-0.80 izolingana nobunikazi bezabelo ezingama-80 apula (ngokungafani ne-100 ngekholi evamile embozwe).

Njengesigaba sesibili saleliqhinga, umhwebi uthengisa ucingo lwesikhashana "ngaphandle kwemali" (ngokwesibonelo, inketho ngoMashi 19, 2021 kanye nesiteleka esingu- $ 140). I-premium yamanje yale nketho ngama- $ 4,30 amadola aseMelika. Ngamanye amagama, inketho yomthengisi izothola ama-dollar angama-430 (ngaphandle kwekhomishini).

Isu libheka izinsuku ezimbili zokuphelelwa yisikhathi, ngakho-ke kunzima impela ukuveza ifomula ngqo lephuzu lokukhokha.

Abashintshi abahlukahlukene noma amasayithi anganikeza ama-Calculator nawo alahlekelwe yinzuzo. Ukubala izindleko zezinkontileka ezinomnqamulajuqu ophakeme kakhulu (okungukuthi, amakola weqa) ngesikhathi sokuphela kwezinketho zesikhashana, imodeli yamanani iyadingeka ukuthola "iphuzu" elilinganiselwe "lokuphumula.

Amandla aphezulu okuthenga

Inzuzo enkulu kakhulu ingasuswa uma izindleko zesenzo zilingana nentengo yamanani ebizo lesikhashana ngosuku lokubulawa kwalo.

Ngamanye amagama, umhwebi ufuna inani lentengo yephepha le-apula lihlala liseduze ngangokunokwenzeka kubha yesiteleka senketho yesikhashana (esimweni sethu -

Esibonelweni sethu, imali etholwayo ephakeme yakha cishe ngama- $ 677 ngentengo yama- $ 140 ngesikhathi sokuphelelwa isikhathi (ngaphandle kwamakhomishini nezinye izindleko).

Size kanjani kuleyo ncazelo? Umthengisi okhethayo (okungukuthi, umhwebi) uthole u- $ 430 ukuthola inketho ethengisiwe.

Okwamanje, amasheya we-Apple akhuphuka kusuka ku- $ 136.91 kuya ku- $ 140. Lo ngumehluko we- $ 3.09 nge-1 apple share (noma amadola angama-309 ngamasheya ayi-100).

Njengoba i-scyPS ye-Long-Tount Option DELTA ingu-0,8, izindleko zenketho ende zizokhula ngokweqiniso ngo- $ 247.2 (309 * 0.80). Khumbula ukuthi ekusebenzeni kungahle kube ngaphezulu noma kungaphansi kwaleli nani.

Sigoqa amadola angama-430 nama-247.2 futhi sithole ama- $ 677.2.

Ngakho-ke, hhayi ngisho nokufaka u- $ 13691 kumasheya we-apula ayi-100, umhwebi wenza inzuzo noma kunjalo.

Ngamanye amagama, i-premium eyayingumhwebi ekuqaleni ithengisa inketho yokuzikhethela kwesikhashana esifushane (I.e.

Ngokufanelekile, umhwebi unethemba lokuthi ucingo lwesikhashana luzophelelwa yisikhathi "ngemali." Ngemuva kwalokho angathengisa ucingo ngemuva kokukodwa (ngenkathi ngemuva kweminyaka emibili inkontileka ye-scy ngeke iphelelwe yisikhathi).

Ukuphathwa Kwezikhundla

Ukuphathwa kwesikhundla okusebenzayo ngokubalwa kwe-diagonal Debit Spread kungadala ubunzima kusuka kubahwebi abaqalayo.

Uma ngoMashi 16, isabelo se-Apple sizodlula amadola ayi-140, isikhundla sizoletha imali ephansi, ngoba inketho yesikhathi esifushane ngeke ibe yinzuzo kumthengisi.

Ngaphezu kwalokho, umhwebi angazwa isidingo sokuvala umsebenzi ngaphambi kwesheduli uma intengo ye-apula iyaqhubeka, futhi ucingo lwesikhashana lufika ngokujulile "ngemali". Kulokhu, konke okwenziwayo kusongelwa ngokupheliswa kwemali, ngoba umhwebi uzoqala futhi noma nonke azokhetha uhlelo olunye.

Nge-cole evamile embozwe, umhwebi kungenzeka angaphiki ukukhokha ngokukhethwa kukho, ngoba selivele linawo amasheya ayi-100 apula. Kodwa-ke, endabeni yocingo olumboziwe "endodeni empofu", umhwebi akahambelani nalesi simo, ngoba namanje akanawo amasheya we-AAPL.

NgoMashi 16, lesi sivumelwano sesivumelwano sizoqala ukulahlekelwa yimali uma isabelo samasheya we-apula sizowela cishe ngama- $ 132 noma ngaphansi. Ngokweqiniso, intengo yokwabelana ingahle iwele ku-0, okunciphisa izindleko zocingo lwesikhathi eside.

Okokugcina, kufanele sikhumbuze abafundi ukuthi baxhuma "ekujuleni kwemali" ngokuvamile kusakazeka okuphezulu phakathi kwentengo yokuthenga nokuthengisa. Ngenxa yalokho, ngaso sonke isikhathi lapho umhwebi ethenga noma athengise inketho enjalo exhuma, umuntu kufanele akhumbule izindleko zokuthenga.

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