Chii chinonzi Futures Options?
Chinhu chisarudzo ndicho chakanaka, kwete chebasa, kutenga kana kutengesa kambani yemangwana pane imwe yeruzhinji yemutengo wenguva yakati.
Kutenga zvingaita kuti munhu atore nzvimbo yakareba kana kuti pfupi uye afungisise kana mutengo wekambani yeramangwana ichaenda kumusoro kana kuderera. Kune miviri miviri mikuru yezvasarudzo - foni uye inoisa.
- Nhamba - Kutenga foni yekusarudza inzvimbo yakareba, bheti kuti mutengo wamangwana uri mberi uchaenda kumusoro. Semuenzaniso, kana munhu anotarisira kuti mugorova hurumende uende mberi, vanogona kutenga foni yekukohwa.
- Puts - Kutenga kwekuisa sarudzo inzvimbo shoma, bheti kuti mutengo wepamusoro wemutengo unotamira pasi. Somuenzaniso, kana munhu anotarisira nguva yema soya kuti aende pasi, vangazotenga soybean kuisa sarudzo.
- Premium - Mutengo uyo mutengi anokwereta uye mutengesi anogamuchira nokuda kwekusarudza ndiyo mubayiro. Zvisarudzo mutengo wemishuwarisi. Izvozvo zvakaderera zvipingamupinyi zvechisarudzo chokufamba kusvika pamutengo wekutsvaga, zvisingadhuri zvakadzama pane zvakakwana uye zvakasimudza matanho echisarudzo chekuenda kumutengo wekutengesa, zvakanyanya kudhura zvishandiso izvi zvinobva.
- Mutemo Mwedzi (Nguva) - Zvose zvinosarudzwa zvine zuva rekupera, izvo chete zvinoshanda kwenguva yakati. Zvisarudzo zviri kuparadza zvinhu; havatambi nokusingaperi. Semuenzaniso, foni yaDecember yapera inopera pakupera kwaNovember. Sezvimwe zvinhu zvine nguva shoma, kutarisa kunofanira kupiwa munzvimbo dzekusarudza. Iyo yakareba nguva yakasarudzwa, inodhura zvakanyanya. Izwi iro chikamu chekutanga kwekutsvaga ndiyo kukosha kwenguva.
- Strike Price - Uyu ndiwo mutengo waunogona kutenga kana kutengesa svondo rekugadzirisa remangwana. Mutengo wekutengesa ndiwo mutengo wehushuwarisi. Funga nezvazvo nenzira iyi, musiyano pakati pemazuva ano mutengo wematengo uye mutengo wekutsvaga wakafanana neakabviswa mune mamwe ma inshuwarisi. Somuenzaniso, December $ 3.50 chibage chekudya chinokubvumira kutenga chibvumirano cheDisemba remangwana pa $ 3.50 chero nguva isati yasarudzwa. Vatengesi vakawanda havagadziri maitiro kune ramangwana nzvimbo; vanovhara chisarudzo chavo kusati kwapera.
Muenzaniso Wokutenga Chinhu:
Kana munhu akatarisira mutengo wekupedzisira kwegoridhe kuti uende kumusoro kwemwedzi 3-6 inotevera, vangangotenga foni yekusarudza.
- Kutenga: 1 December $ 1400 foni yegoridhe pa $ 15
- 1 = nhamba yezvisarudzo zvibvumirano zvakatengwa (zvinomiririra kambani yegoridhe yeramangwana zana
- December = Mwedzi wesarudzo yechikwata
- $ 1400 = mutengo wekutengesa
- Goridhe = iri pasi pesangano rinouya
- Call = rudzi rwekusarudza
- $ 15 = premium ($ 1,500 ndiwo mutengo wokutenga sarudzo iyi,, maoundi zana egoridhe $ 15 = $ 1,500)
Zvimwe Zvinyorwa Pamwe Zvimwe
- Zvisarudzo ndezveshuwarisi yemutengo, uye vari kuparadza zvinhu, maitiro avo anorara nekufamba kwenguva.
- Purogiramu yekusarudza ine mazano maviri - kukosha kwepfungwa uye nguva inokosha.
- Chinhu chinonzi intrinsic iyo in-the-money chikamu chekusarudza.
- Nguva inokosha ndiyo chikamu chekutanga kwekutsvaga isiri mumari.
- Pane zvikamu zvitatu zvezvikamu zvezvinhu zvose zvingasarudzwa:
- In-the-money- chisarudzo chine kukosha kwemukati
- Kunze kwe-ye-mari-chisarudzo chisina kukosha kwemukati
- At-the-money- uye chisarudzo pasina kukosha kwemukati apo mutengo weimba inoshandiswa yakananga zvakaenzana nemutengo wekutsvaga wechisarudzo.
- Musoro wekugadzirisa kwekubhadharwa kwepurayamisi "inoreva kusagadzikana".
- Zvinonzwisisika kuvhiringidza ndiko kutengesa kwemusika kwekusiyana kwemazuva anotevera kwezvinhu zvakasikwa.
- Historical volatility ndiyo chaiyo yakasiyana-siyana yezvinhu zvakasikwa munguva yekare.
- Mune chero nzira ipi zvayo yekushanda, mutengi anobhadhara premium, uye mutengesi anogamuchira premium.
Kutenga chisarudzo ndicho chakafanana nekutenga inshuwarisi kuti mutengo weasset ichakoshesa. Kutenga chisarudzo chakanaka ndicho chakafanana nekutenga inshuwarisi kuti mutengo weimba inoderedza.
Vatengi vezvasarudzo ndivo vanotenga inshuwarisi.
Paunenge uchitenga chisarudzo, dambudziko racho rinongopedzisira kuripo paunobhadhara. Kutengesa sarudzo ndiyo yakakosha yekuita sekambani ye inshuwarisi. Paunotengesa chisarudzo, zvose zvaunogona kuwana ndiyo premium yaunowana pakutanga. Izvo zvinogona kurasikirwa hazvina maturo. Nzira yakanakisisa yekusarudza ndeimwe imwe sarudzo pane imwechete iyo sarudzo dzinogona kuita zvakafanana munguva.