期權學習筆記-Leap Call抄底策略

aiorbits
2023-01-24

什麼是Leap Call?

LEAP (Long-Term Equity Anticipation) call 策略是一種期權交易策略,通常在預期某項資產價格將會大幅上漲時使用。該策略通常由兩部分組成: 買入一個跳躍看漲期權和賣出一個看漲期權。跳躍看漲期權的行權價格比標準看漲期權的行權價格高一些, 因此當資產價格上漲幅度達到預期時,將會獲徖更高的收益。


買長期的call還有一個前提是/VX, VIX要足夠低,否則漲的時候IV crush, Vega會讓option premium 變便宜


爲什麼做Leap Call?

LEAP Call的適用場景是,你打算長期持有某個股票作爲長期投資,那麼你可以買入長期期權Leap Call來替代正股,買入這個期權就像買入正股一樣,因爲是長期看好,不是短線交易,所以不會很快賣出,不會頻繁交易。所以,買Leap Call的本質,就是想要替代正股的作用,來實現長期投資$特斯拉(TSLA)$ 

這裏看到,我的收益和跌幅都是大於持有正股的,但是其好處是成本較低

Leap Call 總結

優點:操作簡單,風險可控,收益潛力足夠

缺點:成本高,爆發力不足

$微軟(MSFT)$ 

$蘋果(AAPL)$ 

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