Ixabiso leMigangatho yokuHlaliswa kweMpahla lingabinakalisa

Isaziso: Ukuqonda i-European Settlement

Ukusebenzisa ukhetho lweenkcukacha - endaweni yezinto ezikhethiweyo zesitokethi - inikeza ezinye iingenelo. Abahwebi abafumana izicwangciso zokufumana ingeniso (oko kukuthi, ukuthengisa i-premium yokukhetha) kuxhomekeke ekuzinzeni kwexabiso ukuvelisa inzuzo. Ezi zicwangciso zinganika umthengisi ngembuyekezo enciphisa, xa kuthelekiswa nemarike yempahla yonke. Oku kukulindelwa kuba akukho cwangciso sinokubetha amaxabiso ngamaxesha onke.

Ngokomzekelo, isimemezelo seendaba esingalindelekanga kwisitokethi esisodwa sinokuba nomphumo omkhulu kwixabiso lesisitye esinye, kodwa kuthatha isiganeko esikhulu ukuba kubangele utshintsho lwamanani epesenti kwi-index. Utshintsho lwamaxabiso olunjalo luvame ukuphumela ekulahlekelweni okukhulu kumthengisi othengise ngeendlela ezikhethiweyo (ezingahlambulukanga). Ngokuqhelekileyo kusebenza ngokufanelekileyo ukurhweba ukhetho lwentengiso xa injongo yakho yorhwebo iqokelela ixesha lokubola, okanye iTheta enokuthi.

QAPHELA: "Ukuthengisa i-premium yokukhetha" kubhekisela kwizicwangciso ezifumana imali ukusuka kwinqanaba lexesha. Ezi ndlela zenze iTheta kunye neGamma emibi kwaye ayixhomekeke kumaxabiso akhulayo ukwenzela inzuzo.

American vs. Options European. Ixabiso lokuhlala

Intengo yokuhlawula ixabiso elivaliweyo lokuvala ixesha lokuvala elikhoyo. Ukungaphandle kwe-mali kunye neyakho-mali-yokukhetha iphela ngaphandle kwexabiso kwaye ayinanto. Iindlela ezikhethiweyo zemali zifanelekile.

Ukuthengisa ukhetho lweenkcukacha , ngokwenene kufuneka uqonde inkqubo.

Abaninzi abasandul 'ukhetho kwiinketho zenkcazo kuye kwabangela ukulahlekelwa okukhulu ngenxa yokungaphumeleli kwakhe ukuqonda ulwazi oluyisiseko. Kwaye ndiba novelwano kuba ukuzimisela kwexabiso lokuhlawulela i-AM-ezikhethiweyo ezikhethiweyo akuyiyo enembile.

• Xa isitophelo sivala ukuhweba ekupheleni kwe shishini ekupheleni kweLwesihlanu, urhweba lokugqibela luchaza intlawulo yokuhlawula. Oku akunjalo kulezo zikhetho ze-Yurophu eziphelelwa kusasa (RUT, NDX, kunye ne-3-ngoLwesihlanu ye-SPX).

Ukuxakekisa izinto ngakumbi, kukho iindlela ezimbini ezibalaseleyo zokubala intlawulo yokuhlawula, kuxhomekeke kwimpawu zenketho.

1. Iintetho zokuqala ze- SPX zaphela kuphela ngomhla wesi-3 wesihlanu kwinyanga nganye. Namhlanje, ezinye iintsuku zokuphelelwa yisikhathi zikhona (iiveki kunye nokuphela kweenyanga ukuphela). Ixabiso lokuhlala kwi- RUT , i- NDX kunye ne "yokuqala ye-SPX ye-3-ngoLwesihlanu" ibalwa ngokusetyenziswa kwexabiso lempahla yokuvula kwisitokthi ngasinye kwisalathisi. Ezi zikhetho ziyeka ukurhweba xa imarike ivalwa ngomhla weLwesine, ngolunye usuku ngaphambi kokuphela kweLwesihlanu.
   
   Ngaloo ndlela, nawuphi na umrhwebi ongagqibekanga zonke izikhundla ngaphambi kokuba ayeke ukuhweba ngoLwesine ubangela ingozi yobusuku. Ukuba iimarike ziba phezulu okanye ziphantsi ngoLwesihlanu, ngoko intlawulo yokuhlawulela iya kuhluke kakhulu kwixabiso lokuvala ngoLwesine. Izinketho azithengisi ngoLwesihlanu kwaye awukwazi ukwenza nto yokunciphisa ukuvula imakethe engalunganga. Ukuba uhluleka ukumboza isikhundla esiphakamileyo sokhetho (mhlawumbi uhamba nge-short okanye inxalenye yesasazeka), ke isikhundla sakho sinokuhlala kwindawo engalunganga kakhulu. Ndincoma ukuba abathengisi be-premium abangeke babambe ezi zikhethiweyo ze-AM ekupheleni kweLwesihlanu.

2. I-SPXPM kunye ne- SPXW (ngeveki kunye nokuphela kwenyanga) ukhetho lwezorhwebo ekupheleni kweLwesihlanu. Ixabiso lokuhlaziywa kwemisebenzi yintengo yokuvala esemthethweni yeNkcazo ye-S & P 500 njengoko kuchazwe yi-Standard & Poor's on Friday. QAPHELA: Izinketho ze-SPXPM zifana "nezindlela zokuqala ze-SPX" kodwa iinketho ze-SPXPM zorhwebo olunye usuku loshishino olude (ixesha lokuphela kweLwesihlanu). Izinketho ze-SPXW zikhutshwe ukuba ziphelelwe lixesha ngeveki okanye ngenyanga-kodwa zingekho ngomhla wesi-3 wesihlanu. I-SPX EOM (ekupheleni kwenyanga) ezikhethwa ngu-PM-zilungiswe kwaye ziphela ngomhla wokugqibela woshishino lwenyanga ekhethiweyo.

Izinketho zokuqala zengqungquthela, i-SPX yesithathu-ngoLwesihlanu, kunye ne-NDX kunye ne-RUT, zihlala zi "AM zihleli" kwaye eso sihlomelo sasiqhubeka.

Kamva, "i-PM ihleli" sele ikhethwa kwaye igama libhekisela kwizinto ezinokuthi ixabiso lokuhlawula lixabiso lokugqibela lemihla.

• Ixabiso lokuhlawula "i-AM lilungiswe" lithembele ekubaleni ixabiso lexabiso elisekelwe kwintengo yokuvula nganye yesitokethi ngasinye esineenkcukacha. Akuyona intengo yehlabathi yangempela.
• Intengo yokuhlawula "i-PM ihleli" zikhetho zokugqibela zokugqibela kwenkcazo, njengoko kuchazwe yi-Standard & Poor's.

Phawula umehluko obuqilileyo. I-PM ilungiselele iindlela zokusebenzisa ixabiso lenkcazo, njengoko zivame ukubalwa. Eli xabiso lixhomekeke kwintengo yakutshanje apho nganye isitokethi sithengiswa khona. Ngamanye amagama, phantse onke amanani asandul '

Nangona kunjalo, okanye amasheya angazange athengise ngokutsha, ixabiso lokugqibela lisetyenziswe.

Nangona kunjalo, i-AM izibalo zeenkcukacha ezihleliweyo, imicimbi yamanani kuphela - intengo yokuqala. Ininzi yexesha, ixabiso lokuhlawula (elipapashwe ngo-1: 00 PM nge-SPX kwaye emva kokuba imarike ivala i-NDX kunye ne-RUT) ayiniki iimangalo. Nangona kunjalo, xa kuthengiswa imarike ekuvuleni, le meko yayihluke kakhulu kwaye yayivame ukuvelisa ixabiso "elingaqinisekiyo" elingenalo ulwazi.

Qaphela oku oku kwenzeka

Isimo esilandelayo sichaza indlela "ixhamla" eyenzeka ngayo:

• Njengoko iMarike yase-US ikulungele ukuvula (9:30 nge-ET), ininzi yesitotyithi iyathengiswa kuba ezinye iindaba ezimbi zisemoyeni. Kungenzeka kube yi-politiki, ingxelo ezuzekayo yokufumana imali evela kwinkampani enkulu, okanye nje umphumo weemarike ziphantsi kakhulu e-Asia naseYurophu. Xa isitokethi sithengiswa, amaxabiso avuleka ngaphantsi.
• Imizuzu emihlanu emva kweentsimbi zokuvula, izitokisi ezininzi kwi-index ngeke zivule ukuthengisa, ngenxa yokungalingani kwemithetho yokuthengisa. Ngaloo ndlela, xa i-Standard & Poor ipapasha ixabiso "langoku" le-SPX, liquka ixabiso lokuvala lomhla wangaphambili kwisitoko ngasinye esingakavulwa. Ngaloo ndlela, i-SPX iya kubonakala ivuliwe "ngokuvulwa" nje kuphela. Ingxaki kukuba le ntengo ye-SPX yokuvula ayinanto yokwenza nexabiso lokugqibela lokuhlawula . Eli xabiso alisayi kuqwalaselwa, kwaye alikwazi ukubalwa de iifaki zonke zivule.
• Xa kukho ukungalingani kokuthengiswa (kungabakho ukungalingani kokuthengwa), abathengi kufuneka bafumane ukufumana yonke isitotyithi yokuthengisa ngoba kuyimfuneko ukuvumelana ngexabiso elilodwa elibonisa imeko yangoku. Kuze kufikelelwe loo xabiso, ukungalingani kuhlala, kwaye isitokethi ayithengisi.
• Khawuqwalasele oko kwenzekayo xa kuthengisa ukungalingani kwamasheya ngamnye , kodwa i-marhwebo (kwiimpahla ezisele sele zithengisa) ziqinisa. Abathengisi bayaphela njengoko abanye abathengi befika kwindawo. Abathengisi ngoku baninzi ngabathengi kunye namanani emasheya akhula kancane. Oku kunciphisa uxinzelelo oluthile kwiintengiso ezingakabonakali kwaye ngokuthe ngcembe ezi zifuyo zivuliwe-kodwa kumaxabiso asembi kakhulu kunokugqibela kwentsuku yangaphambili.
• Ngexesha apho zonke (okanye zonke) ii-stock SPX ezingama-500 ziye zathengisa, imarike yemasheya igqibile i-rally kunye nexabiso lokugqibela elipapashiweyo le-SPX lingenza (umzekelo) libe ngamanqaku angaphezulu. Intsalela yomhla wokurhweba ungabonakali kwaye ixabiso le-SPX elipapashiweyo liphantsi liphantsi kweendawo ezi-7. Abahwebi abafutshane nje ngaphandle kwemali baziva bekhululekile ngenxa yokuba "bayazi" ukuba abo babekayo abazange bangene kwimali kwaye bangagxumi kwixabiso.
• Kubalulekile ukuqonda ukuba intlawulo yokuhlawula iyayigcina i-rally. Intengo yokuhlawula ixhomekeke kwintengiso yokuqala yosuku kwisitoko ngasinye. Ezinye iintengiso zenzeke ngexesha lokuncipha kweyona ndawo, kodwa nakwizithuba zentsebenzo kamva zenzeke kumaxabiso aphantsi kohlobo oludlulileyo. Ukuguqulelwa: nokuba kwintlanganiso, izitokisiso ezisandul 'ukuvulwa zifaka isandla ekunciphiseni okuqhubekayo kwi-SET (ixabiso lentlawulo ye-SPX).
• Xa umsi ucofa kwaye i-SET ipapashwe, abo bathengisa abathengisi bayabandezeleka xa i-SET ipapashwa njengamaqondo angaphantsi kwama-20 ngaphantsi komhla wokugqibela. Bememeza "banobuqhetseba" kwaye bakholelwa ukuba abahwebi baqeshwe. Kodwa inyaniso kukuba abahwebi babengazi ukuba yintoni imigaqo ebekho, kwaye akukho mntu uqobo ngaphandle kokumangalela.

Kukulungele ukukhusela le nto ingonwabanga ukulimaza ixabiso leakhawunti yakho. Qaphela iinkcukacha zeendlela ozikhethayo ukuzithengisa - kwaye uyazi ukuba ungayiphepha njani. Ukuphepha umngcipheko we-AM-settlement, vela nje ukuphuma kwiindawo ezikulo suku lokugqibela ukuba ukhetho lwezorhwebo. Akukho sizathu esihle sokubamba izinketho zenkcazo eziza kuphelelwa yisikhathi ekuvuzweni kwezorhwebo.

Qaphela ukuba iindlela ze-OEX zihlukile . Ziyi-cash settled and American style. Ezi zinto zilungele ukukhutshwa ngabathengisi abathengisa izinto ezikhethiweyo okanye ukhetho olukhethiweyo.