{"id":3527,"date":"2022-09-17T11:07:08","date_gmt":"2022-09-17T03:07:08","guid":{"rendered":"http:\/\/www.wangkaixuan.tech\/?p=3527"},"modified":"2024-12-19T11:41:55","modified_gmt":"2024-12-19T03:41:55","slug":"%e6%9c%9f%e8%b4%a7%e4%ba%a4%e6%98%93%e4%bf%9d%e8%af%81%e9%87%91%e5%88%b6%e5%ba%a6-03-%e5%a5%97%e5%88%a9%e4%bf%9d%e8%af%81%e9%87%91","status":"publish","type":"post","link":"http:\/\/www.wangkaixuan.tech\/?p=3527","title":{"rendered":"\u671f\u8d27\u4ea4\u6613\u4fdd\u8bc1\u91d1\u5236\u5ea6-03-\u5957\u5229\u4fdd\u8bc1\u91d1"},"content":{"rendered":"\n<p>*\u6ce8\uff1a\u672c\u6587\u6240\u6307\u7684\u5957\u5229\u7c7b\u578b\u5747\u4e3a\u4e24\u817f\u5957\u5229\uff0c\u5373\u4e24\u6761\u671f\u8d27\/\u671f\u6743\u5408\u7ea6\u95f4\u7684\u5957\u5229<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1.\u671f\u8d27\u5957\u5229<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1.1 \u5957\u5229\u7c7b\u578b<\/h3>\n\n\n\n<p>\u671f\u8d27\u5957\u5229\u5206\u4e24\u79cd\uff0c\u8de8\u671f\u5957\u5229\u548c\u8de8\u54c1\u79cd\u5957\u5229\u3002<\/p>\n\n\n\n<p>\u8de8\u671f\u5957\u5229\uff08Calendar Time Spreads\uff0c\u7b80\u79f0SPD\uff09\u662f\u6307\u540c\u54c1\u79cd\u4e0d\u540c\u6708\u4efd\u4e4b\u95f4\u7684\u5957\u5229\uff0c\u524d\u817f\u56fa\u5b9a\u4e3a\u8fd1\u6708\uff0c\u540e\u9000\u56fa\u5b9a\u4e3a\u8fdc\u6708\u3002\u5982\uff1aSPD-TA209\/TA210\u3002<\/p>\n\n\n\n<p>\u8de8\u54c1\u79cd\u5957\u5229\uff08Inter-Product Spreads\uff0c\u7b80\u79f0IPS\uff09\u662f\u6307\u540c\u6708\u4efd\u4e0d\u540c\u54c1\u79cd\u4e4b\u95f4\u7684\u5957\u5229\u3002\u5982\uff1aTA209-PF209\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1.2 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class=\"wp-block-list\"><li>\u4e24\u817f\u6301\u4ed3\u5f00\u5728\u5355\u817f\u5408\u7ea6\u5c0f\u8fb9\u65f6\uff0c\u4e0d\u6536\u4fdd\u8bc1\u91d1<\/li><li>\u4e00\u817f\u6301\u4ed3\u5f00\u5728\u5927\u8fb9\uff0c\u4e00\u817f\u6301\u4ed3\u5f00\u5728\u5c0f\u8fb9\uff0c\u6536\u5927\u8fb9\u4fa7\u7684\u4fdd\u8bc1\u91d1<\/li><li>\u4e24\u817f\u6301\u4ed3\u5747\u5f00\u5728\u5355\u817f\u5927\u8fb9\uff0c\u6536\u4e24\u817f\u4fdd\u8bc1\u91d1<\/li><\/ul>\n\n\n\n<p>\u4f46\u662f\u8003\u8651\u5230\u7edd\u5927\u591a\u6570\u5ba2\u6237\u7684\u6b63\u5e38\u4ea4\u6613\u884c\u4e3a\u662f\u4e0d\u4f1a\u4ea7\u751f\u53cc\u5411\u6301\u4ed3\u7684\uff0c\u56e0\u6b64\u7edd\u5927\u591a\u6570\u60c5\u51b5\u4e0b\u4f1a\u91c7\u7528\u7b2c\u4e09\u79cd\u65b9\u6cd5\uff0c\u5373\u6536\u4e24\u817f\u4fdd\u8bc1\u91d1\u3002<\/p>\n\n\n\n<p>\u4e3a\u4e86\u5728\u4fdd\u8bc1\u98ce\u9669\u8986\u76d6\u7684\u524d\u63d0\u4e0b\u7ed9\u5ba2\u6237\u66f4\u591a\u4f18\u60e0\uff0c\u90d1\u5546\u6240\u91c7\u53d6\u7684\u65b9\u6cd5\u662f\u5355\u72ec\u8ba1\u7b97\u4e24\u817f\u5360\u7528\u7684\u671f\u8d27\u4fdd\u8bc1\u91d1\uff08\u4e0d\u53c2\u4e0e\u5355\u5411\u5927\u8fb9\u4f18\u60e0\uff09\uff0c\u53ea\u6536\u8ba1\u7b97\u7ed3\u679c\u8f83\u5927\u7684\u90a3\u4e00\u817f\u3002<\/p>\n\n\n\n<p>\u8fd9\u6837\u8003\u8651\u7684\u539f\u56e0\u6709\u4e24\u4e2a\uff1a<\/p>\n\n\n\n<p>\u4e00\u662f\u5bf9\u4e8e\u5355\u6761\u817f\u7684\u6301\u4ed3\u6765\u8bb2\uff0c\u6309\u7167\u671f\u8d27\u4fdd\u8bc1\u91d1\u7b97\u6cd5\u4e00\u5b9a\u662f\u80fd\u8986\u76d6\u6389\u98ce\u9669\u7684\uff0c\u6240\u4ee5\u5e95\u5c42\u91c7\u7528\u4e86\u671f\u8d27\u4fdd\u8bc1\u91d1\u7684\u7b97\u6cd5\uff1b<\/p>\n\n\n\n<p>\u4e8c\u662f\u5bf9\u4e8e\u5957\u5229\u6301\u4ed3\u6765\u8bb2\uff0c\u98ce\u9669\u66b4\u9732\u7684\u65f6\u5019\u4f53\u73b0\u5728\u5e73\u6389\u5176\u4e2d\u4e00\u817f\u6301\u4ed3\u7684\u65f6\u5019\u3002\u8fd9\u4e2a\u65f6\u5019\u4f1a\u5e73\u6389\u5957\u5229\u6301\u4ed3\uff0c\u91ca\u653e\u5957\u5229\u4fdd\u8bc1\u91d1\uff0c\u540c\u65f6\u5c06\u53e6\u5916\u4e00\u817f\u8f6c\u6362\u6210\u5355\u817f\u4ed3\uff0c\u6536\u5355\u817f\u4fdd\u8bc1\u91d1\u3002\u5728\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\uff0c\u9700\u4fdd\u8bc1\u52a0\u6536\u7684\u5355\u817f\u4fdd\u8bc1\u91d1\u4e0d\u5927\u4e8e\u91ca\u653e\u7684\u5957\u5229\u4fdd\u8bc1\u91d1\uff08\u5373\u4e0d\u591a\u6536\u94b1\uff09\uff0c\u56e0\u6b64\u5728\u8ba1\u7b97\u5957\u5229\u4fdd\u8bc1\u91d1\u7684\u65f6\u5019\u624d\u6709\u4e24\u817f\u53d6\u8f83\u5927\u7684\u64cd\u4f5c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2.\u671f\u6743\u5957\u5229<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2.1 \u603b\u4f53\u601d\u8def<\/h3>\n\n\n\n<p>\u5176\u5b9e\u4e0d\u7ba1\u662f\u671f\u6743\u5957\u5229\u8fd8\u662f\u5176\u4ed6\u671f\u8d27\u5957\u5229\u8fd8\u662f\u5176\u4ed6\u7c7b\u578b\u7684\u7b56\u7565\uff0c\u4fdd\u8bc1\u91d1\u5236\u5ea6\u8bbe\u8ba1\u7684\u603b\u4f53\u601d\u8def\u5c31\u662f<strong>\u6536\u53d6\u7684\u4fdd\u8bc1\u91d1\u8981\u80fd\u8986\u76d6\u5f53\u65e5\u6700\u5927\u4e8f\u635f<\/strong>\u3002\u5177\u4f53\u5230\u671f\u6743\u5957\u5229\u4e0a\uff0c\u6211\u4eec\u53ef\u4ee5\u501f\u52a9\u76c8\u4e8f\u56fe\u6765\u76f4\u89c2\u5730\u5224\u65ad\u5404\u79cd\u7c7b\u578b\u7684\u671f\u6743\u5957\u5229\u7b56\u7565\u7684\u6700\u5927\u4e8f\u635f\u3002<\/p>\n\n\n\n<p>\u90d1\u5546\u6240\u671f\u6743\u7f51\u63d0\u4f9b\u4e86\u671f\u6743\u76c8\u4e8f\u56fe\u7684\u4e00\u4e9b\u57fa\u7840\u8d44\u6599\uff0c\u4e0d\u719f\u6089\u7684\u8bfb\u8005\u53ef\u4ee5\u5148\u79fb\u6b65<a href=\"http:\/\/www.chinaoptions.cn\/chinaoptionsnew\/tzzfw\/qqbwbd\/tzcl\/webinfo\/2017\/01\/1482748872510446.htm\">\u8fd9\u91cc<\/a>\u3002\u4e0b\u9762\u6211\u4eec\u4ee5\u4e70TA209C5800\u4e3a\u4f8b\u89e3\u91ca\u4e0b\u5b9e\u9645\u5982\u4f55\u4f7f\u7528\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"664\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-28.png\" alt=\"\" class=\"wp-image-3536\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-28.png 769w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-28-300x259.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-28-313x270.png 313w\" sizes=\"auto, (max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<p>\u5982\u4e0a\u56fe\uff0c\u76c8\u4e8f\u56fe\u5305\u542b\u4e24\u4e2a\u5750\u6807\uff0c\u6a2a\u5750\u6807\u662f\u671f\u8d27\u6807\u7684\u4ef7\u683c\uff0c\u7eb5\u5750\u6807\u662f\u671f\u6743\u7b56\u7565\u76c8\u4e8f\u3002\u5bf9\u4e8e\u671f\u6743TA209C5800\u6765\u8bb2\uff0c\u5982\u679c\u671f\u8d27\u4ef7\u683c\u5c0f\u4e8e5800\uff0c\u4e70\u5165\u8be5\u770b\u6da8\u671f\u6743\u662f\u6ca1\u6709\u5185\u5728\u4ef7\u503c\u7684\uff0c\u8fd8\u5f97\u642d\u4e0a\u6743\u5229\u91d1\u652f\u51fa\uff0c\u56e0\u6b64\u57285800\u4e4b\u524d\uff0c\u76c8\u4e8f\u7ebf\u4f4d\u4e8e0\u4ee5\u4e0b\u3002\u671f\u6743\u4ef7\u683c\u5927\u4e8e5800\u7684\u65f6\u5019\uff0c\u671f\u6743\u5f00\u59cb\u5177\u5907\u5185\u5728\u4ef7\u503c\uff0c\u884c\u6743\u662f\u53ef\u4ee5\u83b7\u5229\u7684\uff0c\u800c\u4e14\u83b7\u5229\u968f\u671f\u8d27\u4ef7\u683c\u7ebf\u6027\u589e\u957f\u3002\u56e0\u6b64\u6211\u4eec\u770b\u5230\uff0c5800\u662f\u76c8\u4e8f\u7ebf\u7684\u62d0\u70b9\uff0c\u5f53\u884c\u6743\u4ef7\u503c\u80fd\u8986\u76d6\u6743\u5229\u91d1\u652f\u51fa\u65f6\uff0c\u5c31\u5230\u4e86\u76c8\u4e8f\u5e73\u8861\u70b9\uff0c\u518d\u5f80\u540e\u5c31\u5f00\u59cb\u7eaf\u76c8\u5229\u4e86\u3002<\/p>\n\n\n\n<p>\u4e3a\u4e86\u65b9\u4fbf\u4e0b\u6587\u7684\u5206\u6790\uff0c\u6211\u4eec\u628a\u4e70\u770b\u6da8\u3001\u5356\u770b\u6da8\u3001\u4e70\u770b\u8dcc\u3001\u5356\u770b\u8dcc\u56db\u79cd\u60c5\u51b5\u7684\u76c8\u4e8f\u56fe\u90fd\u753b\u4e86\u51fa\u6765\uff0c\u5982\u4e0b\u56fe\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"664\" height=\"683\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-29.png\" alt=\"\" class=\"wp-image-3537\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-29.png 664w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-29-292x300.png 292w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/07\/image-29-262x270.png 262w\" sizes=\"auto, (max-width: 664px) 100vw, 664px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">2.2 \u8de8\u5f0f\/\u5bbd\u8de8\u5f0f\u5957\u5229<\/h3>\n\n\n\n<p>\u8de8\u5f0f\u5957\u5229\uff08Straddles\uff0c\u7b80\u79f0STD\uff09\u662f\u6307\u540c\u4e00\u6807\u7684\u671f\u8d27\u3001\u540c\u4e00\u5230\u671f\u65e5\u671f\u6743\u3001\u6267\u884c\u4ef7\u76f8\u540c\u3001\u524d\u817f\u4e70\u6743\u540e\u817f\u5356\u6743\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aSTD-TA209C5000\/TA209P5000\u3002<\/p>\n\n\n\n<p>\u5bbd\u8de8\u5f0f\u5957\u5229\uff08Strangles\uff0c\u7b80\u79f0STG\uff09\u662f\u6307\u540c\u4e00\u6807\u7684\u671f\u8d27\u3001\u540c\u4e00\u5230\u671f\u65e5\u671f\u6743\u3001\u524d\u817f\u6267\u884c\u4ef7\u5927\u4e8e\u540e\u817f\u6267\u884c\u4ef7\u3001\u524d\u817f\u4e70\u6743\u540e\u817f\u5356\u6743\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aSTG-TA209C5000\/TA209P4800\u3002<\/p>\n\n\n\n<p>\u8be5\u5957\u5229\u65b9\u5f0f\u4e24\u817f\u4e70\u5356\u65b9\u5411\u76f8\u540c\uff0c\u65e2\u8981\u4e48\u4e24\u817f\u90fd\u662f\u4e70\u5355\uff0c\u8981\u4e48\u4e24\u817f\u90fd\u662f\u5356\u5355\u3002<\/p>\n\n\n\n<p>\u5356\u51fa\u8de8\u5f0f\u5957\u5229TA209C5000\/TA209P5000\u5176\u5b9e\u76f8\u5f53\u4e8e\u540c\u65f6\u5356\u51faTA209C5000\u548cTA209P5000\uff0c\u5957\u5229\u7684\u76c8\u4e8f\u56fe\u662f\u7531\u4e24\u817f\u5404\u81ea\u7684\u76c8\u4e8f\u56fe\u5408\u6210\u800c\u6765\uff0c\u89c1\u4e0b\u56fe\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1024x565.png\" alt=\"\" class=\"wp-image-3553\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1024x565.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-300x165.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-768x423.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-490x270.png 490w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image.png 1284w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1-1024x571.png\" alt=\"\" class=\"wp-image-3554\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1-1024x571.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1-300x167.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1-768x428.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1-484x270.png 484w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-1.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u53ef\u4ee5\u770b\u5230\uff0c\u5356\u51fa\u8be5\u5957\u5229\u7684\u65f6\u5019\uff0c\u6700\u5927\u8d62\u5229\u70b9\u5728\u671f\u8d27\u4ef7\u683c\u4e3a5000\u65f6\uff0c\u76c8\u5229\u91d1\u989d\u662f\u4e24\u817f\u7684\u6743\u5229\u91d1\u4e4b\u548c\u3002\u5728\u671f\u8d27\u4ef7\u683c\u5927\u4e8e\u6216\u8005\u5c0f\u4e8e5000\u7684\u65f6\u5019\uff0c\u5356\u51fa\u5957\u5229\u76c8\u5229\u4f1a\u9010\u6e10\u51cf\u5c11\u81f3\u4e8f\u635f\uff0c\u6b64\u65f6\u5176\u4e24\u817f\u5fc5\u7136\u4e00\u6761\u662f\u5b9e\u503c\u671f\u6743\u4e00\u6761\u662f\u865a\u503c\u671f\u6743\u3002\u5bf9\u4e8e\u5b9e\u503c\u671f\u6743\uff0c\u6309\u7167\u666e\u901a\u671f\u6743\u5355\u817f\u6536\u4fdd\u8bc1\u91d1\u5373\u53ef\uff08\u6743\u5229\u91d1+\u671f\u8d27\u4fdd\u8bc1\u91d1\uff09\uff0c\u5bf9\u4e8e\u865a\u503c\u671f\u6743\uff0c\u5176\u5b9e\u6ca1\u6709\u884c\u6743\u4ef7\u503c\uff0c\u5982\u679c\u88ab\u671f\u6743\u7684\u8bdd\u5176\u5b9e\u4f1a\u6536\u5230\u5bf9\u65b9\u652f\u4ed8\u7684\u6743\u5229\u91d1\uff0c\u56e0\u6b64\u53ea\u9700\u8981\u628a\u8fd9\u90e8\u5206\u8d44\u91d1\u51bb\u7ed3\u4e0d\u80fd\u7528\u4e8e\u5f00\u4ed3\u5373\u53ef\u3002\u5373\u8be5\u5957\u5229\u65b9\u5f0f\u6536\u53d6\u7684\u4fdd\u8bc1\u91d1\u4e3a\u5b9e\u503c\u817f\u7684\u671f\u6743\u4fdd\u8bc1\u91d1+\u865a\u503c\u817f\u7684\u671f\u6743\u6743\u5229\u91d1\u3002<\/p>\n\n\n\n<p>\u8fd8\u9700\u8003\u8651\u4e00\u79cd\u60c5\u51b5\uff0c\u5f53\u8de8\u5f0f\u5957\u5229\u5e73\u4ed3\u65f6\uff0c\u4f1a\u5148\u5e73\u6389\u5957\u5229\u4ed3\uff0c\u91ca\u653e\u5957\u5229\u4fdd\u8bc1\u91d1\uff0c\u540c\u65f6\u52a0\u6536\u53e6\u4e00\u817f\u7684\u671f\u6743\u5355\u817f\u4fdd\u8bc1\u91d1\uff0c\u4e3a\u4e86\u4fdd\u8bc1\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\u4e0d\u9700\u8981\u52a0\u6536\u94b1\uff08\u52a0\u6536\u94b1\u53ef\u80fd\u6536\u4e0d\u5230\uff0c\u610f\u5473\u7740\u98ce\u9669\uff09\uff0c\u9700\u4fdd\u8bc1\u91ca\u653e\u7684\u5957\u5229\u4fdd\u8bc1\u91d1\u5927\u4e8e\u7b49\u4e8e\u52a0\u6536\u7684\u5355\u817f\u4fdd\u8bc1\u91d1\u3002\u4e3a\u4e86\u786e\u4fdd\u8fd9\u4e00\u70b9\uff0c\u6211\u4eec\u53ef\u4ee5\u89c4\u5b9a\u6536\u5957\u5229\u4fdd\u8bc1\u91d1\u7684\u65f6\u5019\uff0c\u6536\u671f\u6743\u4fdd\u8bc1\u91d1\u8f83\u591a\u7684\u90a3\u4e00\u817f\u7684\u4fdd\u8bc1\u91d1\uff0c\u7136\u540e\u6536\u53e6\u5916\u4e00\u817f\u7684\u6743\u5229\u91d1\u3002\u5373\u5356\u8de8\u5f0f\u5957\u5229\u4fdd\u8bc1\u91d1\u4e3a\uff1a<strong>\u671f\u6743\u4fdd\u8bc1\u91d1\u8f83\u591a\u817f\u7684\u671f\u6743\u4fdd\u8bc1\u91d1+\u53e6\u4e00\u817f\u7684\u671f\u6743\u6743\u5229\u91d1<\/strong>\u3002<\/p>\n\n\n\n<p>\u5356\u51fa\u5bbd\u8de8\u5f0f\u5957\u5229TA209C5000\/TA209P4800\u7684\u60c5\u5f62\u7c7b\u4f3c\uff0c\u5176\u76c8\u4e8f\u56fe\u5982\u4e0b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6-1024x573.png\" alt=\"\" class=\"wp-image-3559\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6-1024x573.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6-300x168.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6-768x430.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6-482x270.png 482w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-6.png 1490w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u4ece\u8be5\u56fe\u53ef\u4ee5\u770b\u51fa\uff0c\u5bbd\u8de8\u5f0f\u5957\u5229\u4e0e\u8de8\u5f0f\u5957\u5229\u7684\u6700\u5927\u6536\u76ca\u867d\u7136\u4e0d\u4e00\u6837\uff0c\u4f46\u662f\u6700\u5927\u4e8f\u635f\u662f\u4e00\u81f4\u7684\uff0c\u56e0\u6b64\u4e24\u8005\u7684\u4fdd\u8bc1\u91d1\u516c\u5f0f\u53ef\u4ee5\u901a\u7528\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2.3 \u6c34\u5e73\u4e70\/\u5356\u6743\u5957\u5229<\/h3>\n\n\n\n<p>\u6c34\u5e73\u4e70\u6743\u5957\u5229\uff08Horizontal Call Spreads\uff0c\u7b80\u79f0BLT\uff09\u662f\u6307\u6807\u7684\u671f\u8d27\u54c1\u79cd\u76f8\u540c\u3001\u540c\u4e3a\u4e70\u6743\u3001\u6267\u884c\u4ef7\u76f8\u540c\uff0c\u524d\u817f\u8fdc\u6708\u540e\u817f\u8fd1\u6708\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aBLT-TA209C5000\/TA208C5000\u3002\u5176\u5356\u7ec4\u5408\u76c8\u4e8f\u56fe\u5982\u4e0b\u6240\u793a\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"583\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9-1024x583.png\" alt=\"\" class=\"wp-image-3562\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9-1024x583.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9-300x171.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9-768x437.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9-474x270.png 474w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-9.png 1518w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u6c34\u5e73\u5356\u6743\u5957\u5229\uff08Horizontal Put Spreads\uff0c\u7b80\u79f0BRT\uff09\u662f\u6307\u6807\u7684\u671f\u8d27\u54c1\u79cd\u76f8\u540c\u3001\u540c\u4e3a\u5356\u6743\u3001\u6267\u884c\u4ef7\u76f8\u540c\uff0c\u524d\u817f\u8fdc\u6708\u540e\u817f\u8fd1\u6708\u4e4b\u671f\u6743\u7ec4\u5408\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aBRT-TA209P5000\/TA208P5000\u3002\u5176\u5356\u7ec4\u5408\u76c8\u4e8f\u56fe\u5982\u4e0b\u6240\u793a\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10-1024x581.png\" alt=\"\" class=\"wp-image-3563\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10-1024x581.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10-300x170.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10-768x436.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10-476x270.png 476w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-10.png 1522w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u6c34\u5e73\u5957\u5229\u4e24\u817f\u4e70\u5356\u65b9\u5411\u76f8\u53cd\uff0c\u5373\u4e00\u817f\u662f\u4e70\u671f\u6743\uff0c\u4e00\u817f\u662f\u5356\u671f\u6743\uff0c\u5bf9\u4e8e\u4e70\u671f\u6743\uff0c\u4e0d\u9700\u8981\u6536\u4fdd\u8bc1\u91d1\uff0c\u5bf9\u4e8e\u5356\u671f\u6743\u6536\u671f\u6743\u4fdd\u8bc1\u91d1\u5373\u53ef\u3002\u5373\u6c34\u5e73\u5957\u5229\u4fdd\u8bc1\u91d1\u6536\u53d6\u65b9\u6cd5\u4e3a\uff1a\u6536<strong>\u5356\u817f\u7684\u671f\u6743\u4fdd\u8bc1\u91d1<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2.4 \u5782\u76f4\u4e70\/\u5356\u6743\u5957\u5229<\/h3>\n\n\n\n<p>\u5782\u76f4\u4e70\u6743\u5957\u5229\uff08Vertical Call Spreads\uff0c\u7b80\u79f0BUL\uff09\u662f\u6307\u540c\u4e00\u6807\u7684\u671f\u8d27\u3001\u540c\u4e00\u5230\u671f\u65e5\u671f\u6743\u3001\u540c\u4e3a\u4e70\u6743\u3001\u524d\u817f\u6267\u884c\u4ef7\u5c0f\u4e8e\u540e\u817f\u6267\u884c\u4ef7\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aBUL-TA209C4800\/TA209C5000\u3002\u5176\u5356\u7ec4\u5408\u76c8\u4e8f\u56fe\u5982\u4e0b\u6240\u793a\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"580\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11-1024x580.png\" alt=\"\" class=\"wp-image-3564\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11-1024x580.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11-300x170.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11-768x435.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11-477x270.png 477w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-11.png 1490w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u5782\u76f4\u5356\u6743\u5957\u5229\uff08Vertical Put Spreads\uff0c\u7b80\u79f0BER\uff09\u662f\u6307\u540c\u4e00\u6807\u7684\u671f\u8d27\u3001\u540c\u4e00\u5230\u671f\u65e5\u671f\u6743\u3001\u540c\u4e3a\u5356\u6743\u3001\u524d\u817f\u6267\u884c\u4ef7\u5927\u4e8e\u540e\u817f\u6267\u884c\u4ef7\u4e4b\u671f\u6743\u7ec4\u5408\u3002\u5982\uff1aBER-TA209P5000\/TA209P4800\u3002\u5176\u5356\u7ec4\u5408\u76c8\u4e8f\u56fe\u5982\u4e0b\u6240\u793a\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12-1024x577.png\" alt=\"\" class=\"wp-image-3565\" srcset=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12-1024x577.png 1024w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12-300x169.png 300w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12-768x433.png 768w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12-479x270.png 479w, http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/image-12.png 1494w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u5782\u76f4\u671f\u6743\u4e24\u817f\u7684\u4e70\u5356\u65b9\u5411\u4e5f\u662f\u76f8\u53cd\u7684\uff0c\u5176\u5b9e\u4e5f\u53ef\u4ee5\u91c7\u7528\u4e0e\u6c34\u5e73\u671f\u6743\u76f8\u540c\u7684\u7b97\u6cd5\uff0c\u5373\u53d6\u5356\u817f\u7684\u671f\u6743\u4fdd\u8bc1\u91d1\u3002<\/p>\n\n\n\n<p>\u6211\u4eec\u4e5f\u53ef\u4ee5\u4ece\u53e6\u5916\u4e00\u4e2a\u601d\u8def\u8003\u8651\uff0c\u5782\u76f4\u5957\u5229\u4e24\u817f\u5408\u7ea6\u9664\u4e86\u6267\u884c\u4ef7\u4e0d\u4e00\u6837\u5916\uff0c\u5176\u4ed6\u5b8c\u5168\u4e00\u6837\uff0c\u76f8\u5f53\u4e8e\u6211\u4eec\u4e70\u5165\u6267\u884c\u4ef7A\u7684\u67d0\u4e2a\u671f\u6743\uff0c\u540c\u65f6\u5356\u51fa\u6267\u884c\u4ef7\u4e3aB\u7684\u67d0\u4e2a\u671f\u6743\uff0c\u8fd9\u4e2a\u7b56\u7565\u88f8\u9732\u7684\u98ce\u9669\u5176\u5b9e\u53ea\u76f8\u5f53\u4e8e\u7531\u4e8e\u6267\u884c\u4ef7\u5dee\u5f02\u5bfc\u81f4\u7684\u6743\u5229\u91d1\u7684\u5dee\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\u5782\u76f4\u671f\u6743\u7ec4\u5408\u5957\u5229\u4fdd\u8bc1\u91d1\u6536\u53d6\u65b9\u6cd5\u4e3a\uff1a<strong>\u5356\u817f\u671f\u6743\u4fdd\u8bc1\u91d1\u4e0e\u6743\u5229\u91d1\u5dee\u53d6\u8f83\u5c0f<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2.5 \u671f\u6743\u4e70\u7ec4\u5408<\/h3>\n\n\n\n<p>\u53ef\u4ee5\u770b\u5230\uff0c\u524d\u9762\u6211\u4eec\u8ba8\u8bba\u516d\u79cd\u671f\u6743\u7ec4\u5408\u65f6\uff0c\u53ea\u8ba8\u8bba\u4e86\u671f\u6743\u5356\u7ec4\u5408\uff0c\u5e76\u672a\u63d0\u53ca\u671f\u6743\u4e70\u7ec4\u5408\u3002\u5176\u5b9e\u671f\u6743\u4e70\u7ec4\u5408\u662f\u4e0d\u6536\u4fdd\u8bc1\u91d1\u7684\uff0c\u53ea\u6709\u671f\u6743\u5356\u7ec4\u5408\u624d\u6536\u53d6\u3002<\/p>\n\n\n\n<p>\u5bf9\u4e8eSTD\u548cSTG\uff0c\u4e24\u817f\u90fd\u662f\u671f\u6743\u4e70\u5355\uff0c\u4e70\u5355\u6ca1\u6709\u5c65\u7ea6\u98ce\u9669\uff0c\u56e0\u6b64\u4e0d\u7528\u7f34\u7eb3\u4fdd\u8bc1\u91d1\u3002<\/p>\n\n\n\n<p>\u5bf9\u4e8e\u53e6\u5916\u56db\u79cd\u671f\u6743\u7ec4\u5408\uff0c\u4e00\u817f\u662f\u4e70\u5355\uff0c\u4e00\u817f\u662f\u5356\u5355\u3002\u5f53\u7ec4\u5408\u5355\u4e3a\u4e70\u5355\u65f6\uff0c\u7b2c\u4e00\u817f\u662f\u4e70\u5355\uff0c\u7b2c\u4e8c\u817f\u662f\u5356\u5355\uff0c\u56e0\u6b64\u6309\u7406\u8bf4\uff0c\u7b2c\u4e00\u817f\u4e0d\u6536\u4fdd\u8bc1\u91d1\uff0c\u7b2c\u4e8c\u817f\u9700\u8981\u6536\u4fdd\u8bc1\u91d1\u3002<\/p>\n\n\n\n<p>\u5176\u5b9e\u4ed4\u7ec6\u89c2\u5bdf\u5c31\u4f1a\u53d1\u73b0\uff0c\u4e24\u817f\u662f\u6709\u4e00\u5b9a\u7684\u5173\u7cfb\u7684\uff0c\u53ea\u8981\u7b2c\u4e8c\u817f\u4e3a\u5b9e\u503c\u671f\u6743\uff08\u8003\u8651\u5185\u5728\u4ef7\u503c\u548c\u65f6\u95f4\u4ef7\u503c\uff0c\u5b9e\u503c\u671f\u6743\u9762\u4e34\u88ab\u884c\u6743\uff0c\u88ab\u5c65\u7ea6\uff09\u65f6\uff0c\u7b2c\u4e00\u817f\u4e00\u5b9a\u4e5f\u662f\u5b9e\u503c\u671f\u6743\uff08\u53ef\u884c\u6743\uff0c\u5bf9\u65b9\u88ab\u5c65\u7ea6\uff09\uff0c\u4ed6\u4eec\u7684\u98ce\u9669\u5176\u5b9e\u662f\u53ef\u4ee5\u62b5\u6d88\u7684\uff0c\u4e5f\u65e2\u4e0d\u7528\u6536\u53d6\u4fdd\u8bc1\u91d1\u3002<\/p>\n\n\n\n<p>\u4f46\u662f\u4f1a\u5458\u62a5\u9001\u8fd9\u7c7b\u8ba2\u5355\u65f6\u4e5f\u4e0d\u80fd\u4e00\u5206\u94b1\u4e0d\u6536\uff0c\u9700\u8981\u9884\u5148\u51bb\u7ed3\u6743\u5229\u91d1\uff0c\u4f46\u8fd9\u90e8\u5206\u94b1\u5e76\u4e0d\u5c5e\u4e8e\u4fdd\u8bc1\u91d1\u7684\u8303\u7574\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3.\u5907\u5151\u7ec4\u5408<\/h2>\n\n\n\n<p>\u5907\u5151\u7ec4\u5408\u662f\u7531\u4e00\u817f\u671f\u8d27\u4ed3\u548c\u4e00\u817f\u671f\u6743\u5356\u4ed3\u7ec4\u6210\u7684\uff0c\u540e\u817f\u7684\u671f\u6743\u5356\u4ed3\u88ab\u884c\u6743\u540e\uff0c\u524d\u817f\u7684\u671f\u8d27\u4ed3\u4f1a\u88ab\u79fb\u4ed3\u7ed9\u671f\u6743\u4e70\u65b9\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u6309\u7167\u6b63\u5e38\u7684\u6536\u6cd5\uff0c\u7b2c\u4e00\u817f\u8981\u6536\u671f\u8d27\u4fdd\u8bc1\u91d1\uff0c\u7b2c\u4e8c\u817f\u8981\u6536\u671f\u6743\u4fdd\u8bc1\u91d1\uff0c\u4f46\u7531\u4e8e\u88ab\u884c\u6743\u65f6\uff0c\u4e24\u817f\u6301\u4ed3\u4f1a\u540c\u65f6\u6d88\u5931\uff0c\u56e0\u6b64\u53ef\u4ee5\u770b\u505a\u4e00\u4e2a\u6574\u4f53\u6765\u6536\u53d6\u3002<\/p>\n\n\n\n<p>\u7b2c\u4e00\u817f\u4ecd\u7136\u6536\u671f\u8d27\u4fdd\u8bc1\u91d1\uff0c\u7b2c\u4e8c\u817f\u5982\u679c\u88ab\u884c\u6743\uff0c\u4f1a\u6536\u5230\u6743\u5229\u91d1\uff0c\u4f46\u662f\u8fd9\u90e8\u5206\u6743\u5229\u91d1\u5728\u5c65\u7ea6\u524d\u4e0d\u80fd\u7528\u4e8e\u5f00\u4ed3\uff0c\u56e0\u6b64\u9700\u8981\u5148\u51bb\u7ed3\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\u5907\u5151\u7ec4\u5408\u7684\u4fdd\u8bc1\u91d1\u6536\u53d6\u65b9\u6cd5\u4e3a\uff1a<strong>\u7b2c\u4e00\u817f\u7684\u671f\u8d27\u4fdd\u8bc1\u91d1+\u7b2c\u4e8c\u817f\u7684\u671f\u6743\u6743\u5229\u91d1<\/strong>\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4.\u9644\u5f55<\/h2>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-1682ac7f-599b-4eb7-adef-20d891d3a034\" href=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/\u671f\u6743\u76c8\u4e8f\u56fe.pptx\">\u671f\u6743\u76c8\u4e8f\u56fePPT<\/a><a href=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/\u671f\u6743\u76c8\u4e8f\u56fe.pptx\" class=\"wp-block-file__button\" download aria-describedby=\"wp-block-file--media-1682ac7f-599b-4eb7-adef-20d891d3a034\">\u4e0b\u8f7d<\/a><\/div>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-edddb82c-6ff9-471e-9895-41d90d33ea1c\" href=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/\u671f\u6743\u76c8\u4e8f\u56fe.xlsx\">\u671f\u6743\u76c8\u4e8f\u56feEXCEL<\/a><a href=\"http:\/\/www.wangkaixuan.tech\/wp-content\/uploads\/2022\/09\/\u671f\u6743\u76c8\u4e8f\u56fe.xlsx\" class=\"wp-block-file__button\" download aria-describedby=\"wp-block-file--media-edddb82c-6ff9-471e-9895-41d90d33ea1c\">\u4e0b\u8f7d<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>*\u6ce8\uff1a\u672c\u6587\u6240\u6307\u7684\u5957\u5229\u7c7b\u578b\u5747\u4e3a\u4e24\u817f\u5957\u5229\uff0c\u5373\u4e24\u6761\u671f\u8d27\/\u671f\u6743\u5408\u7ea6\u95f4\u7684\u5957\u5229 1.\u671f\u8d27\u5957\u5229 1.1 \u5957\u5229\u7c7b\u578b \u671f\u8d27\u5957\u5229\u5206\u4e24\u79cd\uff0c\u8de8\u671f\u5957\u5229\u548c\u8de8\u54c1\u79cd\u5957\u5229\u3002 \u8de8\u671f\u5957\u5229\uff08Calen&#8230;<\/p>\n<p class=\"read-more\"><a class=\"btn btn-default\" href=\"http:\/\/www.wangkaixuan.tech\/?p=3527\"> Read More<span class=\"screen-reader-text\">  Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3527","post","type-post","status-publish","format-standard","hentry","category-04-01-"],"_links":{"self":[{"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=\/wp\/v2\/posts\/3527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3527"}],"version-history":[{"count":0,"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=\/wp\/v2\/posts\/3527\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3527"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wangkaixuan.tech\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}