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卖出期权对冲持仓风险实例
牛经沧海
?2/3/2017
使用期权可以保护持仓，也可以降低持仓波动。比如我的重仓有MA, FB, AAPL, GOOGL本周出季报。成功卖出FB135及 AMZN850的的看涨周期权，但MA, AAPL没有成交（如果成交的话， MA赚，AAPL亏）。
FB135涨周期权的季报前卖得每股2.55，其时股价133.25。 如果周五闭市FB收在137.55之下，期权卖出正确。收在135之下，则获利2.55，对冲了持仓风险。值得注意的是，一旦FB暴涨暴跌，这个操作没有太大的用处。暴涨失去仓位，暴跌影响止损。
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.
