Kamuva nje besibeka amazwana kubhulogi mayelana nabathile amasu ngezinketho zezimali. Imakethe yezinketho ingenye yezinto ezinamandla kakhulu ngenxa yemvelo yayo. Amanye amasu achazwe yi-Covered Call, i-Married Put kanye ne-Straddle. Lokhu kungezinye kweziningi ezikhona futhi ezisivumela ukuthi siwasebenzise futhi sisebenzise lawo mandla esiwanikezwa yizimakethe zezimali. Kodwa kulesi sihloko sizothinta ukusabalala okuqondile, ukuze "sidlale" ngezintengo ezihlukene zesiteleka.
Kule ngxenye yesibili, inhloso iwukubukeza okunye okwengeziwe, futhi sijule kulezo ezingase zibe nzima kakhulu ngenxa yezimpawu zazo. Ngoba kuhle ukulandela ukuhleleka kwezihloko, edlula kwelinye la Izinketho zezezimali, bese uqhubeka engxenyeni yokuqala ye-Strategies with Options uze ufike lapha. Kuleli qophelo, ngithemba ukuthi amasu amasha esizowabona nawo azoba yi-didactic futhi awusizo kuwe.
Inkunzi Call Spread
Leliqhinga ifakwe phakathi kokusabalala okuqondile. Kuqukethe ukuthenga kanye nokuthengisa izinketho ezimbili zekholi ngesikhathi esisodwa zempahla efanayo kanye nosuku olufanayo lokuphelelwa yisikhathi, kodwa ngezintengo zesiteleka ezihlukene. Ukuthenga kwenziwa ngentengo yesiteleka ephansi kakhulu kanye nokudayiswa ngentengo ephezulu yesiteleka. Lelisu lezinketho isetshenziswa lapho umtshali-zimali e-bullish empahleni.
Kokubili ukulahlekelwa nenzuzo kunqunyelwe, futhi zizoncika ebangeni esibeka kulo amanani entengo. Ezimweni lapho kunokuntengantenga okukhulu kwempahla, kuvame ukuba namathuba anenzuzo/ingozi ethokozisayo.
Bhele Call Sabalale
Kuyafana nesu langaphambilini, ngaphandle kwalokho kulelisu ikholi edayisiwe iyona enenani eliphansi lesiteleka, futhi ucingo oluthengiwe yilona olunenani eliphezulu lesiteleka.
Bhele Beka Spread
Isu le-Bear Put Spread lifana nelangaphambilini, kuphela kulokhu lisetshenziswa lapho umtshali-zimali ecabanga ukuthi kungase kube nokuncipha kwempahla. Inhloso ukusizakala ngokwehla ngokunciphisa ukulahlekelwa kanye nokukhawulela izinzuzo. Ngoba I-Put iyathengwa kanti enye idayiswa kanye kanye ngokuvuthwa okufanayo kanye nempahla, kodwa ngentengo ehlukile yokuzivocavoca. Imali ethengiwe iyona enenani eliphezulu lesiteleka futhi edayisiwe ibeka leyo enenani eliphansi lesiteleka.
Inzuzo enkulu okungafiswa ngayo umehluko wentengo phakathi kwezintengo ezimbili zokuzivocavoca kukhishwe umehluko phakathi kweprimiyamu ekhokhiwe kanye neprimiyamu eqoqiwe. Ngakolunye uhlangothi, ukulahlekelwa okukhulu umehluko phakathi kweprimiyamu ekhokhiwe kanye neprimiyamu eqoqwe.
Bull Put Spread
Ngakolunye uhlangothi, futhi ngendlela efanayo, singahlehlisa ukuthenga nokuthengisa i-oda ngaphakathi kwesu langaphambilini. Ngakho-ke nenkunzi ibeka isakaza, I-Put enenani eliphakeme kakhulu lesiteleka izothengiswa, kanti enye yayizothengwa ngentengo ephansi yokuzivocavoca. Ngale ndlela, sizoqala "enzuzoni" futhi kuphela uma inani lehlile lapho singangena ekulahlekelweni, okungakhawulelwa ngokuthenga i- put ngentengo ephansi yesiteleka.
Isu le-Iron Condor
Leli su lingelinye elithuthuke kakhulu emakethe yezinketho ngaphakathi kokusabalala okuqondile. Ikhiqizwa sibonga ezine ongakhetha, izingcingo ezimbili futhi ezimbili beka. I-Delta yayo ayithathi hlangothi futhi i-Theta ivuma, okungukuthi, ayithinteki izinguquko zentengo ngaphakathi kwebanga esebenza kulo. Kodwa-ke, okuhle kakhulu kuye yisici sesikhathi, ngoba kwandisa izinzuzo zethu. Ngendlela efanayo, uma singene esikhathini sokuguquguquka okuphezulu, futhi kamuva siyehla, sinciphisa intengo yezinketho nakakhulu, kuyinto egcina izuzisa.
Ukukusebenzisa, zonke izinketho kufanele zibe ngosuku olufanayo lokuphelelwa yisikhathi. Bese, kucatshangelwa ukuthi inani lesimangalo sokuqala liphansi kakhulu futhi elokugcina liphezulu kakhulu (KUZE ibhalwe kanje.
- A. Ukuthengwa kwe-Put ngentengo yesiteleka A (ephansi).
- B. Thengisa i-Put ngentengo yesiteleka esingu-B (ethi ukuphakama kancane).
- C. Ukuthengiswa Kocingo ngentengo yokuzivocavoca C (phezulu).
- D. Ukuthenga Ucingo ngentengo yesiteleka sika-D (ephezulu kakhulu).
Eqinisweni, leli qhinga iyinhlanganisela ye-Bear Call Spread kanye ne-Bull Put Spread. Phakathi nebanga elizoncika ebangeni elisuka kumanani esiteleka esizoba senzuzweni. Kuphela uma intengo ikhuphuka noma yehla ngaphezu kwezikhundla zethu lapho singangena ekulahlekelweni khona, nakuba izokhawulwa ngokuthenga esikwenzile.
Reverse Iron Condor
Es inhlanganisela ye-Bull Call Spread kanye ne-Bear Put Spread. I-oda elizolandelwa ekuthengweni nasekuthengisweni kwezinketho ezi-4 zihluke ngokuphelele. Ekuqaleni "sasizoqala" ekulahlekelweni, okuzohlala ngaphakathi kwebanga lapho besiyothenga khona. Njengoba intengo iphuma kule ndawo futhi ikhuphuka noma yehla, izinzuzo zizobonakala.
Ku-Iron Condor ephambene izinzuzo ezingaba khona ziphezulu, nokho futhi mancane amathuba okuthi siqale kusukela ekulahlekelweni, futhi uma kwenzeka kunokuhluka okuncane kwamanani lezi zinzuzo ngeke zifinyelelwe.
Iziphetho mayelana nokusabalala okuqondile
Amasu okusabalalisa okuqondile avame ukunikeza imiphumela emihle uma intengo yezimpahla iziphatha ngendlela abatshalizimali abalindele ngayo. Ukuba yinhlanganisela yezinketho ezi-2 noma ngaphezulu, kungenzeka ukuthi kube nokudideka uma kuziwa ekuhwebeni kwezinketho. Ngokwesibonelo, masigcine sesithenga esikhundleni sokuthengisa. Abathengi abaningi banikeza ithuba loku bheka igrafu ewumphumela wamasu ethu ngaphambi kokuhweba, lokho kusisiza ukuba sibone ukuthi yilokho esikufunayo yini. Ngaphezu kwalokho, basivumela ukuthi sibone imbuyiselo / ubungozi kanye namathuba esizofinyelela kuwo inzuzo ephezulu noma ukulahlekelwa.
Isiphakamiso sami ukuthi uthathe isikhathi ungene hlaziya imisebenzi kahle, ukuze ithuthukiswe, nciphisa amaphutha ajwayelekile futhi wandise inzuzo engaba khona futhi unciphise ukulahlekelwa. Ngithemba ukuthi lesi sihloko sikusize ukuthi uzijwayeze ngamasu okusabalalisa okuqondile ngezinketho!
