賣出期權對衝持倉風險實例

牛經滄海

?2/3/2017

使用期權可以保護持倉，也可以降低持倉波動。比如我的重倉有MA, FB, AAPL, GOOGL本周出季報。成功賣出FB135及 AMZN850的的看漲周期權，但MA, AAPL沒有成交（如果成交的話， MA賺，AAPL虧）。

FB135漲周期權的季報前賣得每股2.55，其時股價133.25。 如果周五閉市FB收在137.55之下，期權賣出正確。收在135之下，則獲利2.55，對衝了持倉風險。值得注意的是，一旦FB暴漲暴跌，這個操作沒有太大的用處。暴漲失去倉位，暴跌影響止損。

請閱讀更多我的博客文章>>>

Disclaim: The author is not a Registered Investment Advisor or a Broker/Dealer. The author’s discussions do not serve as recommendations or suggestions for buying or selling any stocks or other instruments. The information contained in the blog is provided as is without warranty of any kind, expressed or implied, including, but not limited to, any implied warranties of merchantability and fitness for a particular purpose.