Indlela yokudlala intshukumo ye-ETF
Ngokomzekelo wethu, siya kusebenzisa i- OIH (i-ETF yeeNkonzo zeeyile) ngomgca we-Juni 80. Khumbula, umnxeba unelungelo lokuthenga i-ETF ethile kwixabiso lentengo (kumzekelo weR $ 80).
Kwaye ukhetho lokukhetha lulilungelo lokuthengisa i-ETF ngexabiso elithile. Siza kubeka intengo ye-Juni 80 kwi-2.25 yeeRandi kunye no-Juni 80 ukubeka intengo kwi-2.50 yezigidi kunye ne-OIH kwi-80.
Ukuthenga iStraddle
Xa uthengela umgca we-ETF, uthengela umnxeba omnye uze ufake enye intlawulo yesiteyimu ngenyanga leyo. Ukusebenzisa umzekelo wethu, ukuba uthengela u-Juni 80 straddle, uthengisa umnxeba uze ubeke loo mgca. Ixabiso elipheleleyo liza kuba yi-$ 4.75 (i-$ 2.25 yeefowuni + i-$ 2.50 ifake). Injongo xa uthenge i-straddle kukuba i-ETF ephantsi ihambe. Awunandaba nokuba yiphi indlela ehamba ngayo ekubeni unayo ifowuni kwaye ubeke umgca kunye nezantsi, ufuna nje ukuba ibe yinto engathandekiyo.
Izandi ezilula, kodwa kukho ingozi. Ngokuqinisekileyo i-$ 4.75 engumngcipheko, intlawulo oye uyihlawula yona. Ukuze ubonise inzuzo kule mali-mali, ufuna i-ETF ukuba ihambe, ingaba phezulu okanye iphantsi, ngaphezulu kwe-$ 4.75. Ukuba i-ETF ihlala phakathi kwe-$ 75.25 ne-$ 84.75 ngaphambi koJuni, uya kubonisa ukulahlekelwa kulolu hlobo-mali.
Nangona kunjalo, ukuba i-ETF iphule enye yale miqobo, uya kubonisa inzuzo kulolu cwangciso-mali.
Izinketho ezisexabiso lentlawulo zinokungabi nantoni kunokuba ungayiqinisekanga ukuba yintoni isitokisi (okanye kwimeko ye-ETF) iya kuhamba. Kukho ithuba lama-50-50 le ngxowa-mali iya kuthengisa ngaphezulu okanye ngaphantsi kwelo xabiso lesiteleka.
Kwimeko yexabiso elincinci lemali-mali (umzekelo wesiteleka esingama-60) okanye ixabiso lokuphuma kwe-mali (njengama-100s), ubuncipheko buncinci ukuba i-ETF iya kugqiba ngaphezulu kwe-100 okanye ngaphantsi kweedola ezingama-60. Akunakwenzeka ukuba; kunokwenzeka, kodwa amathuba ayingcipheko kwaye yintoni eyenza ukuba ukhetho kwixabiso lohlalutya lugqithise.
Ukuthengisa iStraddle
Le yohwebo oluphambene nomrhweba. Kule meko, uthengisa umnxeba omnye kwaye omnye ubeke. Injongo yakho apha i-ETF ukuba ingayiphuli imingcele ye-$ 75.25 kunye ne-84.75 ngaphambi koJuni. Eyona nto imeko efanelekileyo kukuba i-ETF ivalwe kwi-$ 80 ngokuchanekileyo ukwenzela ukuba zombini ifowuni ize ibe nexabiso, kodwa nje ngokuba i-ETF ehlala phantsi ihlala isondele kwi-$ 80, umthengisi omfutshane we-straddle ubonisa inzuzo.
Njengokuba kukho nayiphi na intengiso yokuthengisa, kukho umngcipheko ophezulu kunokuba kuthengwe i-derivative. Xa uthengela inketho ye-ETF, ubeka ingozi kwintengo yokuthenga kwaye inzuzo yakho ayinakulinganisela (ngaphakathi kwesizathu) ekuhambeni kwesitokisi. Xa uthengisa kunye ne-ETF inketho, umngcipheko wakho awunamkhawulo, kodwa inzuzo yakho ifakwe kwixabiso lentengiso. Nangona oku kubonakala kungengozini kworhwebo lokukhetha, khumbula ukuba iindleko zomngcipheko zenziwa kwixabiso lokhetho. Ukubala kwexabiso kukuhlawula umngcipheko.
Uhlobo lwezohwebo lubhekwa njengesicwangciso esiphambili soshishino lokukhetha, ngakumbi xa usufutshane, kwaye kubaluleke kakhulu ukuba uqonde ukuba kusetyenziswa njani ngaphambi kokuba uqale nge-ETFs . Nangona kunjalo, ukuba uyayazi kakuhle kwihlabathi leemveliso, ngoko-yorhwebo-ntengiso kuyisisityebi esikhulu sokuba ufuna ukuthatha isikhundla kwisigxina (ukungazinzi) kwe-ETF.
Kwaye abo batyali-mali abangenakusebenzisa iindlela zokudlala ukungaxhamli, qwalasela i- ETF yokungazamiyo elandelela i-VIX Index.