{"id":118564,"date":"2021-12-22T15:00:40","date_gmt":"2021-12-22T07:00:40","guid":{"rendered":"https:\/\/\/?p=118564"},"modified":"2023-03-08T21:45:33","modified_gmt":"2023-03-08T13:45:33","slug":"%e9%81%b8%e6%93%87%e6%ac%8a%e6%98%af%e4%bb%80%e9%ba%bc","status":"publish","type":"post","link":"https:\/\/\/%e9%81%b8%e6%93%87%e6%ac%8a%e6%98%af%e4%bb%80%e9%ba%bc\/","title":{"rendered":"\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\uff1f12 \u7a2e\u6295\u8cc7\u8853\u8a9e\u5e36\u4f60\u4e00\u6b21\u638c\u63e1\uff01"},"content":{"rendered":"\n

\u672c\u7bc7\u6587\u7ae0\u5c07\u6703\u7c21\u55ae\u5411\u4f60\u4ecb\u7d39\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u95dc\u65bc\u9078\u64c7\u6b0a\u7684\u512a\u9ede\u548c\u76f8\u95dc\u6295\u8cc7\u8853\u8a9e\u3002<\/p>\n\n\n\n

\u9078\u64c7\u6b0a\u7c21\u55ae\u4f86\u8aaa\u5c31\u662f\u65e2\u80fd\u500d\u6578\u7206\u767c\u3001\u53c8\u80fd\u7a69\u5065\u7372\u5229\u3001\u9084\u80fd\u7cbe\u6e96\u63a7\u5236\u505c\u640d\u91d1\u984d\u7684\u6295\u8cc7\u5de5\u5177\uff01\u64c1\u6709\u671f\u8ca8\u7684\u512a\u9ede\uff08\u53ef\u505a\u591a\u53ef\u505a\u7a7a\uff09\u540c\u6642\u53c8\u6709\u7b46\u80a1\u7968\u66f4\u9ad8\u7684\u5b89\u5168\u6027\uff08\u640d\u5931\u7cbe\u6e96\u53ef\u63a7\uff09\u5c31\u53ea\u6709\u9078\u64c7\u6b0a\u4e86\u3002<\/p>\n\n\n\n

\u6709\u54ea\u9805\u91d1\u878d\u5546\u54c1\u80fd\u50cf\u9078\u64c7\u6b0a\u4e00\u6a23\uff0c\u4e0d\u7ba1\u884c\u60c5\u6f32\u6216\u8dcc\u3001\u751a\u81f3\u662f\u76e4\u6574\u76e4\uff0c\u90fd\u6709\u5982\u6b64\u512a\u79c0\u7684\u7372\u5229\u7a7a\u9593\u5462\uff1f\u60f3\u5b78\u7fd2\u6295\u8cc7\u7684\u670b\u53cb\uff0c\u300c\u9078\u64c7\u6b0a\u300d\u7d55\u5c0d\u662f\u4f60\u503c\u5f97\u904b\u7528\u7684\u91d1\u878d\u5546\u54c1\u3002<\/p>\n\n\n\n

\u63a5\u4e0b\u4f86\uff0c\u5c31\u8b93\u6211\u5011\u958b\u59cb\u8a8d\u8b58\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\u5427\uff01<\/p>\n\n\n\n

<\/p>\n\n\n\n

2022 \u5168\u65b0\u7cbe\u9078\u63a8\u85a6\u95b1\u8b80\uff1a\u9078\u64c7\u6b0a\u98a8\u96aa\u9ad8\u55ce\uff1f\u7528\u9ea5\u7576\u52de\u8ddf Netflix \u5b78\u61c2\u9078\u64c7\u6b0a\u5408\u7d04\u6a5f\u5236\uff01<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u4e00\u3001\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u9078\u64c7\u6b0a\uff08Options\uff09\u662f\u4e00\u7a2e\u7531\u8cb7\u65b9\u548c\u8ce3\u65b9\u4e4b\u9593\u8a02\u4e0b\u5951\u7d04\uff0c\u4e26\u9032\u884c\u6b0a\u5229\u7684\u4ea4\u6613\u3002<\/p>\n\n\n\n

\u9019\u9ebc\u8aaa\u662f\u4e0d\u662f\u6709\u4e9b\u96e3\u4ee5\u7406\u89e3\u5462\uff1f\u5c31\u8b93\u6211\u5011\u7528\u8209\u4f8b\u4f86\u8aaa\u660e\uff01<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uff081\uff09\u4ee5\u9078\u64c7\u6b0a\u8cb7\u6b0a\uff08Call\uff09\u70ba\u4f8b<\/strong><\/h3>\n\n\n\n

<\/p>\n\n\n\n

\u5c0f\u5343\u662f\u5c0f\u5403\u6524\u7684\u6524\u8ca9\uff0c\u56e0\u70ba\u9810\u671f\u4e0b\u500b\u6708\u958b\u59cb\u852c\u83dc\u50f9\u683c\u6703\u4e0a\u6f32\uff0c\u65bc\u662f\u5c0f\u5343\u627e\u5230\u83dc\u8fb2\uff0c\u8207\u4e4b\u7c3d\u8a02\u5951\u7d04\uff0c\u800c\u5951\u7d04\u5167\u5bb9\u70ba\uff1a<\/p>\n\n\n\n

\u300c\u73fe\u5728\u852c\u83dc\u7684\u50f9\u683c\u70ba 500 \u5143\/ 1 \u65a4\uff0c\u9810\u8a08\u4e0b\u500b\u6708\u958b\u59cb\u7121\u8ad6\u50f9\u683c\u591a\u5c11\uff0c\u90fd\u64c1\u6709\u4ee5 500 \/ 1 \u65a4\u7684\u50f9\u683c\u8cfc\u8cb7\u852c\u83dc\u7684\u6b0a\u5229\u3002\u300d<\/p>\n\n\n\n

\u800c\u83dc\u8fb2\u4e5f\u540c\u610f\u5c0f\u5343\u63d0\u51fa\u7684\u5951\u7d04\uff0c\u4e26\u5411\u5c0f\u5343\u6536\u53d6 100 \u5143\uff0c\u7576\u4f5c\u9019\u5f35\u5951\u7d04\u7684\u300c\u8a02\u91d1\u300d\uff0c\u83dc\u8fb2\u4e5f\u63d0\u4f9b 500 \u5143\u7684\u300c\u9055\u7d04\u91d1\u300d\uff0c\u4fdd\u969c\u5c0f\u5343\u7684\u6b0a\u76ca\u3002<\/p>\n\n\n\n

\u7576\u4e0b\u500b\u6708\u5230\u4f86\uff0c\u82e5\u852c\u83dc\u771f\u7684\u5982\u5c0f\u5343\u6240\u9810\u671f\u7684\uff0c\u4e0a\u6f32\u5230 1000 \u5143\/ 1 \u65a4\uff0c\u5c0f\u5343\u5247\u53ef\u4ee5\u9078\u64c7\u5c65\u884c\u5951\u7d04\u5167\u5bb9\uff0c\u4ee5 500 \u5143\/ 1 \u65a4\u7684\u50f9\u683c\u7e7c\u7e8c\u5411\u83dc\u8fb2\u8cfc\u8cb7\u852c\u83dc\uff0c\u800c\u83dc\u8fb2\u6709\u300c\u5c65\u7d04\u5951\u7d04\u7684\u7fa9\u52d9\u300d\uff0c\u5fc5\u9808\u4ee5\u5951\u7d04\u7d04\u5b9a\u7684\u50f9\u683c\u8ca9\u8ce3\u852c\u83dc\u7d66\u5c0f\u5343\u3002<\/p>\n\n\n\n

\u800c\u82e5\u4e0b\u500b\u6708\u7684\u852c\u83dc\u50f9\u683c\u4e26\u672a\u5982\u5c0f\u5343\u6240\u9810\u671f\uff0c\u53cd\u800c\u4e0b\u8dcc\u81f3 200 \u5143\/ 1 \u65a4\uff0c\u5c0f\u5343\u5247\u53ef\u4ee5\u9078\u64c7\u4e0d\u5c65\u884c\u5951\u7d04\uff0c\u76f4\u63a5\u4ee5\u5e02\u5834\u73fe\u6709\u7684\u50f9\u683c\u5411\u83dc\u8fb2\u8cfc\u8cb7\u852c\u83dc\uff0c\u800c\u5c0f\u5343\u640d\u5931\u7684\u53ea\u6709 100 \u5143\u7684\u8a02\u91d1\uff0c\u7531\u83dc\u8fb2\u6536\u53d6\u5c0f\u5343\u4e0d\u5c65\u884c\u5951\u7d04\u7684\u8a02\u91d1\u3002<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u4ee5\u4e0a\u7684\u4f8b\u5b50\uff0c\u82e5\u5e36\u5165\u9078\u64c7\u6b0a\u4e2d\u7684\u5c08\u6709\u540d\u8a5e\u4e2d\uff0c\u5247\u70ba\uff1a<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u8cb7\u65b9\uff08Buy\uff09<\/strong><\/td>\u8cb7\u5165\u5951\u7d04\u8005 \u2192 \u5c0f\u5343<\/td><\/tr>
\u8ce3\u65b9\uff08Sell\uff09<\/strong><\/td>\u8ce3\u51fa\u5951\u7d04\u8005 \u2192 \u83dc\u8fb2<\/td><\/tr>
\u8cb7\u6b0a\uff08Call\uff09<\/strong><\/td>\u5951\u7d04\u5167\u5bb9 \u2192\u300c\u53ef\u4ee5\u7528 500 \u5143\/ 1 \u65a4\u7684\u50f9\u683c\u8cfc\u8cb7\u852c\u83dc\u300d\u7684\u6b0a\u5229<\/td><\/tr>
\u5c65\u7d04\u50f9<\/strong><\/td>\u5951\u7d04\u5167\u5bb9 \u2192 500 \u5143<\/td><\/tr>
\u6b0a\u5229\u91d1<\/strong><\/td>\u5c0f\u5343\u4ed8\u51fa\u7684\u8a02\u91d1 100 \u5143<\/td><\/tr>
\u4fdd\u8b49\u91d1<\/strong><\/td>\u83dc\u8fb2\u63d0\u4f9b\u7684\u9055\u7d04\u91d1 500 \u5143<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u5ef6\u4f38\u63a8\u85a6\u95b1\u8b80\uff1a\u5c0f\u9053\u74ca\u662f\u4ec0\u9ebc\uff1f5\u5206\u9418\u638c\u63e1\u512a\u7f3a\u9ede\u4ee5\u53ca\u53f0\u7063\u5c0f\u9053\u74ca\u958b\u76e4\u6642\u9593\uff01<\/a><\/p>\n\n\n\n

\"\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\"
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\uff082\uff09\u4ee5\u9078\u64c7\u6b0a\u8ce3\u6b0a<\/strong>\uff08Put\uff09\u70ba\u4f8b<\/strong><\/h3>\n\n\n\n

<\/p>\n\n\n\n

\u5c0f\u76ca\u662f\u7a2e\u690d\u99ac\u9234\u85af\u7684\u679c\u8fb2\uff0c\u56e0\u70ba\u64d4\u5fc3\u4e0b\u500b\u6708\u958b\u59cb\u852c\u679c\u50f9\u683c\u6703\u4e0b\u8dcc\uff0c\u8ce3\u4e0d\u5230\u597d\u50f9\u9322\uff0c\u65bc\u662f\u5c0f\u76ca\u627e\u5230\u6524\u5546\uff0c\u8207\u4e4b\u7c3d\u8a02\u5951\u7d04\uff0c\u800c\u5951\u7d04\u5167\u5bb9\u70ba\uff1a<\/p>\n\n\n\n

\u300c\u73fe\u5728\u99ac\u9234\u85af\u7684\u50f9\u683c\u70ba 500 \u5143\/ 1 \u65a4\uff0c\u9810\u8a08\u4e0b\u500b\u6708\u958b\u59cb\u7121\u8ad6\u50f9\u683c\u591a\u5c11\uff0c\u90fd\u64c1\u6709\u4ee5 500 \/ 1 \u65a4\u7684\u50f9\u683c\u8ce3\u7d66\u6524\u5546\u7684\u6b0a\u5229\u3002\u300d<\/p>\n\n\n\n

\u800c\u6524\u5546\u4e5f\u540c\u610f\u5c0f\u76ca\u63d0\u51fa\u7684\u5951\u7d04\uff0c\u4e26\u5411\u5c0f\u76ca\u6536\u53d6 100 \u5143\uff0c\u7576\u4f5c\u9019\u5f35\u5951\u7d04\u7684\u300c\u8a02\u91d1\u300d\uff0c\u6524\u5546\u4e5f\u63d0\u4f9b 500 \u5143\u7684\u300c\u9055\u7d04\u91d1\u300d\uff0c\u4fdd\u969c\u5c0f\u76ca\u7684\u6b0a\u76ca\u3002<\/p>\n\n\n\n

\u7576\u4e0b\u500b\u6708\u5230\u4f86\uff0c\u82e5\u99ac\u9234\u85af\u771f\u7684\u5982\u5c0f\u76ca\u6240\u9810\u671f\u7684\uff0c\u4e0b\u8dcc\u5230 200 \u5143\/ 1 \u65a4\uff0c\u5c0f\u76ca\u5247\u53ef\u4ee5\u9078\u64c7\u5c65\u884c\u5951\u7d04\u5167\u5bb9\uff0c\u4ee5 500 \u5143\/ 1 \u65a4\u7684\u50f9\u683c\u8ce3\u7d66\u6524\u5546\uff0c\u800c\u6524\u5546\u6709\u300c\u5c65\u7d04\u5951\u7d04\u7684\u7fa9\u52d9\u300d\uff0c\u5fc5\u9808\u4ee5\u5951\u7d04\u7d04\u5b9a\u7684\u50f9\u683c\u63a5\u6536\u5c0f\u76ca\u7684\u99ac\u9234\u85af\u3002<\/p>\n\n\n\n

\u800c\u82e5\u4e0b\u500b\u6708\u7684\u852c\u83dc\u50f9\u683c\u4e26\u672a\u5982\u5c0f\u76ca\u6240\u9810\u671f\uff0c\u53cd\u800c\u4e0a\u6f32\u81f3 1000 \u5143\/ 1 \u65a4\uff0c\u5c0f\u76ca\u5247\u53ef\u4ee5\u9078\u64c7\u4e0d\u5c65\u884c\u5951\u7d04\uff0c\u76f4\u63a5\u62ff\u5230\u5e02\u5834\u4e0a\u8ca9\u8ce3\uff0c\u9084\u53ef\u4ee5\u6709\u66f4\u591a\u7684\u5229\u6f64\uff0c\u800c\u5c0f\u5343\u640d\u5931\u7684\u53ea\u6709 100 \u5143\u7684\u8a02\u91d1\uff0c\u7531\u6524\u8ca9\u6536\u53d6\u5c0f\u5343\u4e0d\u5c65\u884c\u5951\u7d04\u7684\u8a02\u91d1\u3002<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u4ee5\u4e0a\u7684\u4f8b\u5b50\uff0c\u540c\u6a23\u5e36\u5165\u9078\u64c7\u6b0a\u4e2d\u7684\u5c08\u6709\u540d\u8a5e\uff0c\u5247\u70ba\uff1a<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u8cb7\u65b9\uff08Buy\uff09<\/strong><\/td>\u8cb7\u5165\u5951\u7d04\u8005 \u2192 \u5c0f\u76ca<\/td><\/tr>
\u8ce3\u65b9\uff08Sell\uff09<\/strong><\/td>\u8ce3\u51fa\u5951\u7d04\u8005 \u2192 \u6524\u5546<\/td><\/tr>
\u8ce3\u6b0a\uff08Put\uff09<\/strong><\/td>\u5951\u7d04\u5167\u5bb9 \u2192\u300c\u53ef\u4ee5\u7528 500 \u5143\/ 1 \u65a4\u7684\u50f9\u683c\u8ce3\u51fa\u99ac\u9234\u85af\u300d\u7684\u6b0a\u5229<\/td><\/tr>
\u5c65\u7d04\u50f9<\/strong><\/td>\u5951\u7d04\u5167\u5bb9 \u2192 500 \u5143<\/td><\/tr>
\u6b0a\u5229\u91d1<\/strong><\/td>\u5c0f\u76ca\u4ed8\u51fa\u7684\u8a02\u91d1 100 \u5143<\/td><\/tr>
\u4fdd\u8b49\u91d1<\/strong><\/td>\u6524\u5546\u63d0\u4f9b\u7684\u9055\u7d04\u91d1 500 \u5143<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u7d93\u904e\u4ee5\u4e0a\u7bc4\u4f8b\uff0c\u662f\u5426\u5c0d\u65bc\u9078\u64c7\u6b0a\u4ee5\u53ca\u8cb7\u8ce3\u96d9\u65b9\u6709\u521d\u6b65\u7684\u6982\u5ff5\u4e86\u5462\uff1f<\/p>\n\n\n\n

\u800c\u9019\u4e9b\u53ea\u662f\u9078\u64c7\u6b0a\u4e00\u90e8\u5206\u7684\u6982\u5ff5\uff0c\u5c31\u8b93\u6211\u5011\u518d\u66f4\u6df1\u5165\uff0c\u4e86\u89e3\u90a3\u4e9b\u60f3\u548c\u9078\u64c7\u6b0a\u8b8a\u719f\uff0c\u4f60\u5c31\u5fc5\u9808\u77e5\u9053\u7684\u5c0f\u77e5\u8b58\uff01<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u80a1\u7968\u521d\u5b78\u8005\u5fc5\u770b\uff015\u5206\u9418\u6df1\u5ea6\u638c\u63e1\u80a1\u7968\u5e02\u5834\u7684\u672c\u8cea<\/a><\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u6ed1\u9ede\u3001\u6ed1\u50f9\u662f\u4ec0\u9ebc\uff1f\u4e0d\u61c2\u9019\u500b\u5c0f\u5fc3\u4f60\u6bcf\u7b46\u4ea4\u6613\u90fd\u5148\u8667\u9322\uff01<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u4e8c\u3001\u5982\u4f55\u8a08\u7b97\u8cb7\u65b9\u9078\u64c7\u6b0a\u6b0a\u5229\u91d1<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\"\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\"
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u5728\u4e0a\u8ff0\u4f8b\u5b50\u4e2d\u6211\u5011\u63d0\u5230\u4e86\u6b0a\u5229\u91d1\u7684\u610f\u601d\uff0c\u90a3\u9ebc\u5728\u9078\u64c7\u6b0a\u7684\u8cb7\u8ce3\u4e2d\uff0c\u6b0a\u5229\u91d1\u662f\u600e\u9ebc\u8a08\u7b97\u51fa\u4f86\u7684\u5462\uff1f<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u516c\u5f0f\u5982\u4e0b\uff1a<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u6210\u4ea4\u50f9 x 50 \uff08\u9078\u64c7\u6b0a 1 \u9ede\u7684\u50f9\u683c)\uff09x\u53e3\u6578<\/p>\n\n\n\n

\u4f8b\u5982\uff1a20 \u9ede\u7684 Call \uff08Put\uff09\u8cb7\u9032 2 \u53e3\uff0c\u6240\u4ee5\u662f 20 x 50 x 2 = 2,000 \u5143<\/strong><\/p>\n\n\n\n

\u8cb7\u9032\u4e0a\u8ff0\u689d\u4ef6\u9700\u8981\u7684\u6b0a\u5229\u91d1\u5c31\u70ba 2,000 \u5143\u3002<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a3\u500b\u4e0d\u53ef\u4e0d\u77e5\u7684\u9078\u64c7\u6b0a\u8cb7\u65b9\u7b56\u7565\u512a\u9ede\uff0c\u8b93\u4f60\u7528\u6709\u9650\u98a8\u96aa\u63db\u500d\u6578\u5831\u916c\uff01<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u4e09\u3001\u5982\u4f55\u8a08\u7b97\u8ce3\u65b9\u9078\u64c7\u6b0a\u4fdd\u8b49\u91d1<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u8ce3\u65b9\u4fdd\u8b49\u91d1\u7684\u8a08\u7b97\u5c31\u7a0d\u5fae\u8907\u96dc\u4e9b\uff0c\u5176\u516c\u5f0f\u5982\u4e0b\uff1a<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uff08\u6b0a\u5229\u91d1 x 50\uff09 + \u53d6\u6700\u5927\u503c<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u6240\u8b02\u7684\u300c\u53d6\u6700\u5927\u503c\u300d\u6709\u5169\u7a2e\uff0c\u4e00\u662f A \u503c\u4e5f\u5c31\u662f\u50f9\u5916\u503c\uff1b\u4e8c\u662f B \u503c\uff0c\u610f\u6307\u5169\u7a2e\u503c\u53d6\u8f03\u5927\u7684\u90a3\u65b9\uff0c\u800c\u81f3\u65bc A\u3001B \u503c\u7684\u50f9\u683c\uff0c\u53ef\u5728\u671f\u4ea4\u6240\u7684\u6700\u65b0\u516c\u544a\u4e2d\u67e5\u8a62\u3002<\/p>\n\n\n\n

\u900f\u904e\u4ee5\u4e0b\u7bc4\u4f8b\u53ef\u4ee5\u66f4\u6e05\u695a\u5be6\u969b\u8a08\u7b97\u65b9\u5f0f\u3002<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u8ce3\u51fa\u8cb7\u6b0a\uff08Sell Call\uff09<\/strong><\/td>\u5047\u8a2d\u76ee\u524d\u52a0\u6b0a\u6307\u6578\u70ba 12900 \u9ede\uff0c\u8ce3\u4e00\u53e3 13000 \u7684 Call\uff0c\u6210\u4ea4\u50f9\u70ba 30 \u9ede\u3002

\u50f9\u5916\u503c\u70ba \uff0814000-12900\uff09 x 50 = 5,000\uff0c\u800c\u76ee\u524d B \u503c\u50f9\u683c\u5728 12,000\uff0c\u7531\u6b64\u53ef\u77e5\u6700\u5927\u503c\u70ba 12,000\u3002

\u8ce3\u4e00\u53e3 Call \u7684\u4fdd\u8b49\u91d1\u70ba\uff1a30 x 50 + 12,000 = 13,500 \u5143\u3002<\/td><\/tr>
\u8ce3\u51fa\u8ce3\u6b0a\uff08Sell Put\uff09<\/strong><\/td>\u5047\u8a2d\u76ee\u524d\u52a0\u6b0a\u6307\u6578\u70ba 12900 \u9ede\uff0c\u8ce3\u4e00\u53e3 12600 \u7684 Put \uff0c\u6210\u4ea4\u50f9\u70ba 30 \u9ede\u3002

\u50f9\u5916\u503c\u70ba\uff0812900-12600\uff09 x 50 = 1,500\uff0c\u800c\u76ee\u524d B \u503c\u50f9\u683c\u5728 12,000\uff0c\u7531\u6b64\u53ef\u77e5\u6700\u5927\u503c\u70ba 13,000\u3002

\u8ce3\u4e00\u53e3 Put \u7684\u4fdd\u8b49\u91d1\u70ba\uff1a30 x 50 + 13,000 = 14,500 \u5143\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n
\u4ea4\u6613<\/strong><\/td>\u5224\u65b7<\/strong><\/td>\u8cc7\u91d1<\/strong><\/td>\u6ce8\u610f\u4e8b\u9805<\/strong><\/td><\/tr>
\u8cb7 CALL\uff08\u8cb7 \u8cb7\u6b0a\uff09- \u70ba\u8cb7\u65b9<\/td>\u5224\u65b7\u6307\u6578\u300c\u6703\u6f32\u5230<\/strong>\u300d\u67d0\u500b\u9ede\u4f4d<\/td>\u652f\u51fa\u6b0a\u5229\u91d1\uff0c\u5f9e\u5e33\u6236\u5167\u6263\u6b3e<\/td>\u770b\u591a\u3001\u52dd\u7387\u4f4e<\/td><\/tr>
\u8cb7 PUT\uff08\u8cb7 \u8ce3\u6b0a\uff09- \u70ba\u8cb7\u65b9<\/td>\u5224\u65b7\u6307\u6578\u300c\u6703\u8dcc\u5230<\/strong>\u300d\u67d0\u500b\u9ede\u4f4d<\/td>\u652f\u51fa\u6b0a\u5229\u91d1\uff0c\u5f9e\u5e33\u6236\u5167\u6263\u6b3e<\/td>\u770b\u7a7a\u3001\u52dd\u7387\u4f4e<\/td><\/tr>
\u8ce3 CALL\uff08\u8ce3 \u8cb7\u6b0a\uff09- \u70ba\u8ce3\u65b9<\/td>\u5224\u65b7\u6307\u6578\u300c\u6f32\u4e0d\u5230<\/strong>\u300d\u67d0\u500b\u9ede\u4f4d<\/td>\u6536\u6b0a\u5229\u91d1\uff0c\u4f46\u5e33\u6236\u5167\u8981\u6709\u4fdd\u8b49\u91d1<\/td>\u770b\u6f32\u4e0d\u904e\u9ad8\u4f46\u4e0d\u4e00\u5b9a\u662f\u770b\u7a7a\u3001\u52dd\u7387\u9ad8\u3001\u4e0d\u5efa\u8b70\u88f8\u8ce3<\/td><\/tr>
\u8ce3 PUT\uff08\u8ce3 \u8ce3\u6b0a\uff09- \u70ba\u8ce3\u65b9<\/td>\u5224\u65b7\u6307\u6578\u300c\u8dcc\u4e0d\u5230<\/strong>\u300d\u67d0\u500b\u9ede\u4f4d<\/td>\u6536\u6b0a\u5229\u91d1\uff0c\u4f46\u5e33\u6236\u5167\u8981\u6709\u4fdd\u8b49\u91d1<\/td>\u770b\u6f32\u4e0d\u7834\u4f4e\uff0c\u4e0d\u662f\u770b\u591a\u3001\u52dd\u7387\u9ad8\u3001\u4e0d\u5efa\u8b70\u88f8\u8ce3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\"\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\"
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u4ec0\u9ebc\u662f\u7dad\u6301\u4fdd\u8b49\u91d1\uff1f\u4e86\u89e3\u4fdd\u8b49\u91d1 3 \u5927\u8981\u9ede\uff0c\u907f\u514d\u88ab\u5f37\u5236\u5e73\u5009\u4ea4\u6613<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u56db\u3001\u50f9\u5167\u3001\u50f9\u5e73\u3001\u50f9\u5916\u5c0d\u8cb7\u6b0a\u8ce3\u6b0a\u4e0d\u540c\u5f71\u97ff<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u800c\u6709\u5728\u64cd\u4f5c\u9078\u64c7\u6b0a\u7684\u670b\u53cb\uff0c\u5c0d\u65bc\u300c\u50f9\u5e73\u300d\u3001\u300c\u50f9\u5167\u300d\u3001\u300c\u50f9\u5916\u300d\u7b49\u7b49\u7684\u540d\u8a5e\u61c9\u8a72\u7d93\u5e38\u807d\u898b\u5427\uff01<\/p>\n\n\n\n

\u4e0d\u4e86\u89e3\u7684\u65b0\u624b\u670b\u53cb\u4e5f\u5225\u8457\u6025\uff0c\u63a5\u4e0b\u4f86\u5c07\u5e36\u4f60\u4e86\u89e3\u5176\u4e2d\u542b\u610f\u3002<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u5c0d\u8cb7\u6b0a\uff08Call\uff09\u4f86\u8aaa<\/h3>\n\n\n\n

<\/p>\n\n\n\n

\u50f9\u5167<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u4f4e\u65bc\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5167\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04 < 12800\uff0c\u5247\u70ba\u50f9\u5167\u3002<\/td><\/tr>
\u50f9\u5e73<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u5927\u7d04\u5728\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5e73\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04\u5728 12800 \u5de6\u53f3\uff0c\u5247\u70ba\u50f9\u5e73\u3002<\/td><\/tr>
\u50f9\u5916<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u9ad8\u65bc\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5916\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04 < 12800\uff0c\u5247\u70ba\u50f9\u5167\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

\u5c0d\u8ce3\u6b0a\uff08Put\uff09\u4f86\u8aaa<\/h3>\n\n\n\n

<\/p>\n\n\n\n

\u50f9\u5167<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u9ad8\u65bc\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5167\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04 > 12800\uff0c\u5247\u70ba\u50f9\u5167\u3002<\/td><\/tr>
\u50f9\u5e73<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u5927\u7d04\u5728\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5e73\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04\u5728 12800 \u5de6\u53f3\uff0c\u5247\u70ba\u50f9\u5e73\u3002<\/td><\/tr>
\u50f9\u5916<\/strong><\/td>\u82e5\u9078\u64c7\u6b0a\u5c65\u7d04\u50f9\u4f4e\u65bc\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\uff0c\u7a31\u4e4b\u70ba\u50f9\u5916\u3002

\u4f8b\u5982\uff1a\u82e5\u53f0\u80a1\u7576\u524d\u6307\u6578\u50f9\u683c\u70ba 12800\uff0c\u800c\u9078\u64c7\u6b0a\u5c65\u7d04 > 12800\uff0c\u5247\u70ba\u50f9\u5167\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u8a8d\u8b58\u98a8\u96aa\u4fc2\u6578 Beta \u503c\uff0c\u8b93\u4f60\u638c\u63e1\u5404\u6295\u8cc7\u5e02\u5834\u98a8\u96aa\uff01<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/th>\u8cb7\u6b0a\uff08Call\uff09<\/strong><\/th>\u8ce3\u6b0a\uff08Put<\/strong>\uff09<\/th><\/tr><\/thead>
\u50f9\u5167\uff08\u7372\u5229<\/strong>\uff09<\/td>S>K<\/strong><\/td>S<K<\/strong><\/td><\/tr>
\u50f9\u5e73<\/strong><\/td>S=K<\/strong><\/td>S=K<\/strong><\/td><\/tr>
\u50f9\u5916\uff08\u640d\u5931\uff09<\/strong><\/td>S<K<\/strong><\/td>S>K<\/strong><\/td><\/tr><\/tbody><\/table>
\u6a19\u7684\u5e02\u50f9S\u3001\u5c65\u7d04\u50f9\u683cK<\/strong><\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u4e94\u3001\u8a8d\u8b58\u9078\u64c7\u6b0a\u5e73\u5009\u3001\u672a\u5e73\u5009<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u5728\u9078\u64c7\u6b0a\u5e02\u5834\u4e2d\uff0c\u82e5\u8981\u7d50\u7b97\u7372\u5229\uff0c\u7d55\u5c0d\u514d\u4e0d\u4e86\u300c\u5e73\u5009\u300d\u9019\u500b\u52d5\u4f5c\uff01<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u5e73\u5009<\/strong><\/td>\u610f\u6307\u7528\u539f\u5148\u4ea4\u6613\u7684\u76f8\u53cd\u65b9\u5411\u4f86\u4ea4\u6613\u51fa\u5834\u3002

\u4f8b\u5982\u8cb7\u4e86 1 \u53e3 12800 \u7684\u8cb7\u6b0a\uff08Call\uff09\uff0c\u6b32\u51fa\u5834\u5c31\u5fc5\u9808\u8981\u8ce3\u51fa 1 \u53e3 12800 \u7684\uff08Call\uff09\u8cb7\u6b0a\uff0c\u9019\u6642\u624b\u4e2d\u7684\u9078\u64c7\u6b0a\u6de8\u90e8\u4f4d\u5c31\u70ba 0 \uff0c\u800c\u8cb7\u9032\u548c\u8ce3\u51fa\u7684\u6b0a\u5229\u91d1\u5dee\u984d\u6263\u6389\u4ea4\u6613\u6210\u672c\u5c31\u662f\u6700\u7d42\u7684\u6de8\u640d\u76ca\u3002<\/td><\/tr>
\u672a\u5e73\u5009<\/strong><\/td>\u5373\u662f\u5c1a\u672a\u9032\u884c\u5e73\u5009\u4e4b\u52d5\u4f5c\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u4e0d\u77e5\u9053\u600e\u9ebc\u5c07\u9078\u64c7\u6b0a\u5e73\u5009\uff1f\u900f\u904e 3 \u500b\u95dc\u9375\u6559\u4f60\u5982\u4f55\u9806\u5229\u5e73\u5009\uff0c\u9078\u64c7\u6b0a\u7372\u5229\u6c92\u7169\u60f1\uff01<\/a><\/p>\n\n\n\n

<\/div>\n\n\n\n

\u638c\u63e1\u6295\u8cc7\u8853\u8a9e\u7279\u6027\uff0c\u5275\u9020\u7372\u5229\u6a5f\u6703\uff5c\u9078\u64c7\u6b0a\u72d9\u64ca\u624b\uff0d\u5b89\u76db\u8001\u5e2b<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u7d93\u904e\u4e0a\u8ff0\u4ecb\u7d39\uff0c\u76f8\u4fe1\u60a8\u5c0d\u65bc\u9078\u64c7\u6b0a\u662f\u4ec0\u9ebc\u3001\u9078\u64c7\u6b0a\u76f8\u95dc\u8853\u8a9e\u5df2\u7d93\u6709\u4e86\u521d\u6b65\u8a8d\u8b58\uff0c\u63a5\u4e0b\u4f86\u4fbf\u662f\u57f9\u990a\u4ea4\u6613\u7372\u5229\u7684\u7cbe\u6e96\u773c\u5149\uff0c\u6b61\u8fce\u60a8\u8ddf\u96a8\u9078\u64c7\u6b0a\u72d9\u64ca\u624b\uff0d\u5b89\u76db\u8001\u5e2b\u7684\u8173\u6b65\uff0c\u4f5c\u70ba\u524d\u53f0\u7063\u6cd5\u4eba\u300c\u9020\u5e02\u8005\u300d\uff0c\u64c1\u6709 18 \u5e74\u8c50\u5bcc\u8cc7\u6b77\u3001\u638c\u63e1\u6cd5\u4eba\u95dc\u9375\u6578\u64da\u3002 \u81ea\u6709\u64cd\u4f5c\u8cc7\u91d1 7 \u5343\u842c\u5143\uff0c\u4ea6\u662f\u300c\u552f\u4e00\u6562\u516c\u958b\u4e3b\u5e33\u6236\u9032\u51fa\u76c8\u8667\u300d\u5be6\u6230\u6d3e\u3002<\/p>\n\n\n\n

 \u7368\u5bb6\u81ea\u5275\u300c\u9078\u64c7\u6b0a\u80a1\u5e02\u592a\u6975\u64cd\u76e4\u6cd5\u300d\uff0c 2018 \u6b77\u7d93\u5169\u6b21\u6307\u6578\u5927\u9707\u76ea\u3001\u4ecd\u7a69\u5065\u505a\u5230\u300c\u6de8\u7372\u5229\u7834\u5343\u842c\u5143\u300d\u7684\u9078\u64c7\u6b0a\u5c08\u5bb6\uff0c\u76f8\u4fe1\u4e0d\u4e45\u4e4b\u5f8c\u60a8\u4e5f\u53ef\u4ee5\u5728\u9078\u64c7\u6b0a\u5e02\u5834\u4e2d\u5927\u653e\u7570\u5f69\uff01<\/p>\n\n\n\n

\u60f3\u5b78\u7fd2\u66f4\u591a\uff1f\u6b61\u8fce\u6301\u7e8c\u8ffd\u8e64<\/p>\n\n\n\n

\u77e5\u8b58\u7372\u5229\u5927\u806f\u76df | \u9078\u64c7\u6b0a\u72d9\u64ca\u624b \u2013 \u5b89\u76db\u8001\u5e2b<\/a><\/p>\n\n\n\n

\u6b61\u8fce\u52a0\u5165\u5b89\u76db\u8001\u5e2b\u5b98\u65b9Line\u5e33\u865f<\/a>\uff0c\u638c\u63e1\u66f4\u591a\u7b2c\u4e00\u624b\u8cc7\u8a0a\uff01<\/p>\n\n\n\n

<\/div>\n\n\n\n

\u76f8\u95dc\u65b0\u805e\u6458\u9304<\/h2>\n\n\n\n

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\u99ac\u65af\u514b\u5728\u884c\u4f7f 4.14% \u7279\u65af\u62c9\u7684\u80a1\u7968\u9078\u64c7\u6b0a\u6642\uff0c\u5c31\u9762\u81e8\u9ad8\u9054 3.5 \u5104\u7f8e\u5143\u7684\u806f\u90a6\u7a05\uff0c\u800c\u4e14\uff0c\u5018\u82e5\u6b64\u524d\u7279\u65af\u62c9\u7684\u80a1\u50f9\u5728\u99ac\u65af\u514b\u767c Twitter \u958b\u653e\u8ce3\u80a1\u6295\u7968\u5f8c\u6c92\u4e0b\u8dcc\uff0c\u7a05\u91d1\u7684\u91d1\u984d\u5c07\u6703\u66f4\u9ad8\u3002<\/p>\n\n\n\n

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\uff0d\u6458\u9304\u81ea INSIDE<\/a> <\/p>\n\n\n\n

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