美股周五再迎“大考”：超2万亿美元期权合约即将到期！

智通财经网2022-08-19

作者：赵锦彬鉴于8月迄今仍为美国股市今年最为平静的一个月，交易员们正密切关注即将在周五到期的2万亿美元期权，以寻找这种平静是否会延续下去的迹象。目前，市场争论的焦点在于，人们相信衍生品市场在抑制波动性方面发挥了某种关键作用，从而迫使基于规则的量化交易员购买股票，进而吸引更广泛的投资者重返市场以追逐收益。但在这之后，一些策略师警告称，期权市场的这种良性活动(通常由华尔街交易商推动)可能会在关键时刻...

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LI_CHUN
2022-08-20
LI_CHUN
OK
Yoongc
2022-08-19
Yoongc
ok
Sunc
2022-08-19
Sunc
ok
李菲特Pro
2022-08-19
李菲特Pro
標普維持在4300問題不大
OptionS
2022-08-19
OptionS
我貢獻了一點點，今晚有20多個期權到期

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赵锦彬鉴于8月迄今仍为美国股市今年最为平静的一个月，交易员们正密切关注即将在周五到期的2万亿美元期权，以寻找这种平静是否会延续下去的迹象。目前，市场争论的焦点在于，人们相信衍生品市场在抑制波动性方面发挥了某种关键作用，从而迫使基于规则的量化交易员购买股票，进而吸引更广泛的投资者重返市场以追逐收益。但在这之后，一些策略师警告称，期权市场的这种良性活动(通常由华尔街交易商推动)可能会在关键时刻...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/774154.html\">Source 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gamma”(指做多波动率)头寸中，这使得他们需要逆着当前的股票趋势保持中性的市场敞口。因此在这一进程的一定作用下，市场恢复了平静。据芝加哥期权交易所(CBOE)波动率指数VIX显示，该指数在8月份的平均水平为21，有望达到去年11月以来的最低水平。而从广泛的角度看，看涨合约的易手速度要快于看跌合约，CBOE股票看跌期权与看涨期权比率的10日平均水平徘徊在四个月低点附近，这表明投资者对股市上行的押注兴趣正在增加。分析服务公司SpotGamma创始人Brent Kochuba表示，交易员将试图把标普500指数推高至4300点，以使其期权合约获得回报。如果未能达到这一门槛，则意味着最近的反弹势头正在减弱，这可能会引来更多卖家。“现在每个人都站在‘多头一方’，”Kochuba表示。野村证券跨资产策略师Charlie McElligott预计，在交易商对冲的缓冲作用减弱后，周五的期权到期将为更大的价格波动打开大门。他表示，如果通胀高于预期，美联储政策制定者的措辞也会变得更加鹰派，这将引发整个资产市场的动荡。另一方面，除非出现任何负面的宏观冲击，否则基金经理面临着继续追逐上涨的压力，因为他们的股票头寸相对较低。","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9998386150,"gmtCreate":1660947484272,"gmtModify":1676536426268,"author":{"id":"3572958738473495","authorId":"3572958738473495","name":"LI_CHUN","avatar":"https://static.tigerbbs.com/60e79a6fd440b62595feb97d20d45237","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572958738473495","authorIdStr":"3572958738473495"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998386150","repostId":1175877604,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9998963402,"gmtCreate":1660919566208,"gmtModify":1676536423554,"author":{"id":"3581927941435634","authorId":"3581927941435634","name":"Yoongc","avatar":"https://static.tigerbbs.com/a93f178e6f634935a9ec8eccec2c7607","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581927941435634","authorIdStr":"3581927941435634"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998963402","repostId":1175877604,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9998901419,"gmtCreate":1660912476734,"gmtModify":1676536422229,"author":{"id":"3576729709142650","authorId":"3576729709142650","name":"Sunc","avatar":"https://static.tigerbbs.com/12ea94f8a6bfc2835bf320bed8216f7d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576729709142650","authorIdStr":"3576729709142650"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998901419","repostId":1175877604,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":687613334,"gmtCreate":1660908791130,"gmtModify":1676536754857,"author":{"id":"4110116732547570","authorId":"4110116732547570","name":"李菲特Pro","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4110116732547570","authorIdStr":"4110116732547570"},"htmlText":"標普維持在4300問題不大","listText":"標普維持在4300問題不大","text":"標普維持在4300問題不大","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/687613334","repostId":1175877604,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":687634177,"gmtCreate":1660907025003,"gmtModify":1676536754755,"author":{"id":"3585800644196386","authorId":"3585800644196386","name":"OptionS","avatar":"https://static.tigerbbs.com/5f6e196f5faa01aa83d80a954f17d7c3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585800644196386","authorIdStr":"3585800644196386"},"htmlText":"我貢獻了一點點，今晚有20多個期權到期","listText":"我貢獻了一點點，今晚有20多個期權到期","text":"我貢獻了一點點，今晚有20多個期權到期","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/687634177","repostId":1175877604,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":87,"commentSize":5,"repostSize":0,"favoriteSize":10,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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美股周五再迎“大考”：超2万亿美元期权合约即将到期 ！

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美股周五再迎“大考”：超2万亿美元期权合约即将到期！