1:ratio call spread + ratio put spread 该策略适用于你认为短期上涨空间有限的股票(比如说前2天NVDA的例子,它在财报后涨破160 unlikely),同时你愿意在股价大幅下跌时买入更多(本例中,若跌至110)。
2: Bull put spread -- 你认为某只股票当前价格有吸引力,但担心进一步下跌风险。建立 Bull put spread允许你在股价上涨时获利,同时如果股价大幅下跌,你也能以较小的风险获得该股票。
3: Now let's look into 3rd scenario: 如果你想保护股票的下行风险,但又不确定股票的上涨空间。你不想使用(Covered Call) -- 因为如果股价持续大涨,你可能会失去所有股票,该怎么办?
例如,如果 TSLA 下周涨到 400,你感到非常担忧,但又不想直接在 400 卖出Covered Call。 在这种情况下,你可以考虑 Bear Call Spread + Ratio Put Spread。
Bear Call Spread: Sell TSLA 400 call and Buy TSLA 420 call, with a credit of $9 Ratio Put Spread: Buy TSLA 400 Put and Sell 2 TSLA 360 put, with a debit of $9
When NVDA is 150, sell its 150 call + sell 145 put
You are likely to collect $15 on the call, and $10 on the put for a total of $25 credit.
In this case, NVDA drops right after it hits 5th wave high. Anytime NVDA stays above 120, you essentially end up owning more at 120 for a profit (because you have that $25 cedit) --- You are going to buy more shares anyway. When NVDA dropped below 120 due to deepseek, you can sell more put at 120 for another $10.
In a unlikely case if NVDA keeps going up after 150, you are well covered all the way to 175 (also due to that $25 credit). Because this is 5th wave, it is very unlikely NVDA can go above 175.
首先,让我们总结之前提到的两个策略。
1:ratio call spread + ratio put spread
该策略适用于你认为短期上涨空间有限的股票(比如说前2天NVDA的例子,它在财报后涨破160 unlikely),同时你愿意在股价大幅下跌时买入更多(本例中,若跌至110)。
2: Bull put spread -- 你认为某只股票当前价格有吸引力,但担心进一步下跌风险。建立 Bull put spread允许你在股价上涨时获利,同时如果股价大幅下跌,你也能以较小的风险获得该股票。
3: Now let's look into 3rd scenario: 如果你想保护股票的下行风险,但又不确定股票的上涨空间。你不想使用(Covered Call) -- 因为如果股价持续大涨,你可能会失去所有股票,该怎么办?
例如,如果 TSLA 下周涨到 400,你感到非常担忧,但又不想直接在 400 卖出Covered Call。 在这种情况下,你可以考虑 Bear Call Spread + Ratio Put Spread。
Bear Call Spread: Sell TSLA 400 call and Buy TSLA 420 call, with a credit of $9 Ratio Put Spread: Buy TSLA 400 Put and Sell 2 TSLA 360 put, with a debit of $9在这个组合策略中,你利用 Call Spread 的credit 收入来覆盖Put Spread的成本。
如果 TSLA 继续上涨,你最多损失 $20 的利润(从 400 到 420),但即使 TSLA 涨到 450 或 480,你仍能保留其余所有利润。 如果 TSLA 继续下跌,你在360 之前都有完整的保护,并且在 320 附近实现盈亏平衡(也就是说,相当于没有进行对冲)。但是,你必须愿意在 320 附近额外买入更多股票。 如果你对在 320 买入额外股份感到不适,那么可以把Ratio Put Spread改为普通的Put Spread,避免承担额外买入的义务。这个策略最大的优点就是,你不用担心简单的covered call 所照成的股票被call 走的情况
我的tsla基本都卖了cc了(500+的,5月至8月到期)
以前我不太炒个股,意识到NVDA的时候较晚,做了很多功课,听了老黄的演讲等等。
1,当时股价150左右。本着好股就是贵不能错过的原则买了第一批140,145
2,后来跌到135,又进第二批
3,Deepseek出来,跌了17%,在126,124,120, 118加仓
4,后来跌到113的那天加仓119
建仓完毕,是我想买顶吗?
When NVDA is 150, sell its 150 call + sell 145 put
You are likely to collect $15 on the call, and $10 on the put for a total of $25 credit.
In this case, NVDA drops right after it hits 5th wave high. Anytime NVDA stays above 120, you essentially end up owning more at 120 for a profit (because you have that $25 cedit) --- You are going to buy more shares anyway. When NVDA dropped below 120 due to deepseek, you can sell more put at 120 for another $10.
In a unlikely case if NVDA keeps going up after 150, you are well covered all the way to 175 (also due to that $25 credit). Because this is 5th wave, it is very unlikely NVDA can go above 175.
相反,如果他用ratio put spread,小幅下跌的话他是能额外盈利的。
如果大幅下跌,break even point会比iron condor好很多。
发生的概率越小,越不常发生,洞则会深的可怕。考虑进去交易损耗,Option是永远的负和游戏。