Abathengi bathengi kwaye bathengise iindlela ezifana nezitokisi. Kukho iintlobo ezibini zokhetho:
- Inketho yefowuni
- Ukhetho olukhethiweyo
Option Call
Inketho yefowuni inelungelo lokuthenga ukhuseleko olusisiseko kwixabiso elithile okanye ngaphambi komhla othile.
Uya kuthengela inketho yefowuni ukuba ukulindele ukuba intengo yokhuseleko oluphantsi luya kuphakama ngaphambi kokuba ukhetho lufikelelwe ekupheleni.
Umzekelo:
Inkampani ye-XYZ ekuthengiseni i-$ 25 ngesabelo ngasinye kwaye ukholelwa ukuba isitokisi siphezulu. Ungathenga izabelo zesitokisi, okanye ungathenga inketho yocingo. Yenza ukhetho lokufowunela olukunika ilungelo, kodwa kungabi lubopheleleko, ukuthenga izabelo eziyi-100 ze-XYZ naliphi na ixesha kwiintsuku ezingama-90 ezizayo kwi-26 isabelo ngasinye singathengwa i-$ 100.
Ukuba ulungile, kwaye isitoksi senyukela kuma-30 engama sabelo ngasinye ngaphambi kokuba ikhefu liphelelwe ixesha, ungasebenzisa ukhetho lwakho kwaye uthenge izabelo eziyi-100 kwi-26 engesabelo ngasinye kwaye uthengise ngenzuzo esheshayo ye-$ 3 ngesabelo ngasinye (i-$ 30- $ 26 = $ 4- $ 1 inketho = $ 3 ngenzuzo yehora).
Ungakwazi ukurhweba nje inketho ngenzuzo ngaphandle kokuthenga izabelo zesitokisi.
Ukuba ucinga ukuba ulahlekile kwaye isitokhi asikho ndawo okanye siwa kwi-$ 26 yesahlulo ngasinye kwisahlulo se-24 se sabelo ngasinye, uya kuvumela ukuba ukhetho luphelelwe yisikhathi kwaye luhlupheke kuphela ukulahlekelwa i-$ 100 (indleko yekhetho).
Ikhethi yokukhetha
Ukhetho olukhethiweyo lunelungelo lokuthengisa ukhuseleko olusisiseko kwixabiso elithile okanye ngaphambi komhla othile.
Uza kuthengisa inketho yokubeka xa uvakalelwa ukuba intengo yesitokethi yayihla phambi kokuba ukhetho lufikelelwe ekupheleni.
Ukuqhubeka ngaphandle komzekelo we-XYZ, ukuba uvalelwa ukuba isitokisi sasiyi-tank ukusuka kwi-25 engama sabelo ngasinye, indlela yodwa yokufumana inzuzo yayiza kufutshane nesitokisi, esinokuba yingozi xa usuke ungalunganga. Jonga ukuthengisa okufutshane-kungekhona kwi-Fainted Hearted.
Unokuthenga ukukhethwa kwe-$ 24 ngesabelo ngasinye nge-$ 100 (okanye i-$ 1 ngesabelo ngasinye), okuza kukunika ilungelo lokuthengisa izabelo eziyi-100 ze-XYZ kwi-24 yesabelo ngasinye.
Ukuba isitoksi sehla kwi-19 ngeyabelo nganye, ungayithengisa izabelo ezili-100 kwiimarike ezivulekileyo kwi-19 yeesabelo ngasinye, ngoko usebenzise ukukhetha okukunika ilungelo lokuthengisa i-stock kwi-24 nganye ngesabelo-ukwenza i-$ 5 ngesabelo ngasinye inzuzo, ukunciphisa iindleko zokukhetha.
Njengomcimbi osebenzayo, unokuthengisa ukukhetha kwakho, okwangoku ufanele ukufumana into ecaleni kwi-5 yesiqingatha nganye okanye i-$ 500.
IiNkcazo zeSiseko eziSiseko
Nazi ezinye iinkcukacha ezikhawulezayo malunga nokukhetha:
- Izinketho zicatshulwa kwixabiso lentengo kodwa zithengiswa ngamaqela angama-100. Umzekelo, ukhetho lwefowuni lunokucatshulwa kwi-$ 2, kodwa uya kuhlawula i-$ 200 kuba iinketho zihlala zithengiswa kwi-lots share share.
- I-Strike Price (okanye i-Exercise Price) yintengo inqununu yokhuseleko ingathengwa okanye ithengiswe njengoko ichanekileyo kwinkcazo yokukhetha . Uchonga okukhethwa kukho ngenyanga ekuphelile ngayo, nokuba ngaba yindlela yokubeka okanye yokufowunela, kunye nexabiso lentlawulo . Ngokomzekelo, "i-XYZ uEpreli 25 yefowuni" iya kuba yindlela yokufowunelwa kwi-stock ye-XYZ ngexabiso lokubetha eli-25 eliphelelwa ngo-Ephreli.
- Usuku lokuphela kwexesha yinyanga leyo apho ukhetho luphela. Zonke iinketho ziphela ngomhla weLwesihlanu wesithathu lwenyanga ngaphandle kokuba loLwesihlanu liholide, emva koko izikhetho ziphela ngomhla weLwesine.
Isiphelo
Le ngqungquthela yokujonga okukhethileyo ikunika ingcamango yento eyiyo yonke into, kodwa yona yinto engumxholo wesicaciso se-iceberg. Okukhethiweyo akusikho kumhlawuli-zimali kodwa ke banikezela abahwebi abaphambili esinye isistim se-arsenal yabo yokutyalomali.
Qaphela: Zonke iinketho ezicatshulweyo kweli nqaku zimele umzekeliso kuphela. Ixabiso lentetho yinkqubo eyinkimbinkimbi ebandakanya izinto ezininzi.