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一路走来cd
太帅了!八块腹肌!
IP属地:四川
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一路走来cd
2025-11-09
这个流程还有用不?
一路走来cd
2025-11-05
期权通关手册,通学易懂,一目了然。
一路走来cd
2025-10-21
应用小助手
一路走来cd
02-27 13:49
优选个股,vcll和光缆光纤板块,年后还不错
一路走来cd
02-27 13:49
不清楚,黄金横盘也是看好。5200美金,不便宜,如果上冲,也不要惊讶
一路走来cd
02-27 13:48
去年开始的观察,到现在又涨了很多了。谨慎做多
一路走来cd
02-27 13:47
安全第一,追高就要做短线,不强拿
一路走来cd
02-27 13:47
英伟达一直在横盘,ai潮流不变,英伟达不会大跌。 苹果和谷歌,去过国外的都知道,护城河很强。 特斯拉,看它的最新款能源车进展情况,还有它的自动驾驶
一路走来cd
02-27 11:54
$AGX国指兑(03416)$
被狠狠教育了,备兑etf也能亏 [笑哭] [笑哭]
一路走来cd
02-27 09:58
$南方通信(01617)$
做个加仓,升高卖出
一路走来cd
02-25
$Silvercorp Metal(SVM)$
中国的老板,加拿大的履历
一路走来cd
02-25
一直看多黄金,但是不看多买入,前两年最佳的买入机会错失了,后面的赔率不对等
一路走来cd
02-25
闪迪的业绩跟不上也是大问题,不能总是画大饼,总是等待吧
一路走来cd
02-25
杀下来是机会,当然是那些不受ai影响的真企业。会被替代的,能跑尽量跑
一路走来cd
02-25
市场已经免疫了,目前看关税的问题,影响不大了。
一路走来cd
02-25
$美国超微公司(AMD)$
题材炒一波,还是要看具体推进情况。营收和利润的转化情况。
一路走来cd
02-25
英伟达再蓄势,晚点出发才好
一路走来cd
02-25
向上假突破
一路走来cd
02-24
@花香满楼
学习了
期权策略 | Circle业绩公布在即,关键支撑阻力位已现,期权交易如何布局?
一路走来cd
02-24
跌下来是机会不?跌多一点,跌狠一点
一路走来cd
02-24
比特币还有机会不?加仓,然后远离
一路走来cd
02-23
关键问题,成长空间的个股还有多少? 想清楚这个问题,就知道怎么操作了
一路走来cd
02-23
存储也不便宜了,风险和收益,比例在变化。做多买入,需要谨慎了
去老虎APP查看更多动态
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href=\"https://laohu8.com/U/4195299487874760\">@花香满楼 </a> 学习了","listText":"<a href=\"https://laohu8.com/U/4195299487874760\">@花香满楼 </a> 学习了","text":"@花香满楼 学习了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536223542994384","repostId":"1127130966","repostType":4,"repost":{"id":"1127130966","kind":"news","weMediaInfo":{"introduction":"期权策略分享","home_visible":1,"media_name":"期权女巫","id":"1020040791","head_image":"https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1771914283,"share":"https://www.laohu8.com/m/news/1127130966?lang=zh_CN&edition=full","pubTime":"2026-02-24 14:24","market":"us","language":"zh","title":"期权策略 | Circle业绩公布在即,关键支撑阻力位已现,期权交易如何布局?","url":"https://stock-news.laohu8.com/highlight/detail?id=1127130966","media":"期权女巫","summary":"$Circle$ 将于2026年02月25日美股盘前发布最新季度财报。股价处于关键支撑位附近,多空博弈激烈。主要风险是股价未能上涨,若股价暴涨超过65美元,收益将封顶。卖出57 Put:低于关键支撑位,提供权利金收入以降低净成本,同时设定下行盈利边界。盈亏平衡点与已知支撑位高度重合,策略效率较高。无论选择何种策略,投资者都应严守风控纪律,密切关注59.9美元支撑位与65美元阻力位的争夺,以及加密市场整体情绪的变化,及时应对。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/CRCL\">Circle</a> 将于2026年02月25日美股盘前发布最新季度财报。</p><p>一致预期显示本季度公司营收约为7.39亿美元,调整后每股收益约0.25美元。公司当前的主营业务亮点集中在准备金相关收入,规模约7.11亿美元、构成比96.15%,收益对资产配置与市场利率变动较为敏感。</p><p>上个交易日,该股收于61.17美元,跌幅约3%,夜盘一度探至60.58美元。近日波动更多反映了加密资产整体情绪与市场利率预期的变化。</p><p style=\"text-align: start;\"><strong>展望后市,CRCL股价面临多空因素交织的局面:</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>潜在催化</strong>:USDC生态的持续扩容、全球稳定币监管政策的明朗化以及代币化资产的推进,有望提升其交易与托管规模,从而带动费率与利息相关收入改善,修复市场情绪。此外,若美债收益率维持高位,其庞大的储备金利息收入将保持韧性。目前,华尔街分析师给出的一致目标价均值约为128美元,较现价存在显著上行空间。</p></li><li><p><strong>回调风险</strong>:公司目前TTM市销率约6倍且TTM每股收益为-0.85美元,盈利能见度有待验证。加密市场固有的高波动性与持续的监管不确定性,可能放大其估值回撤风险。资金层面,近几日空头成交占比约20%,当日大额资金进出相对均衡,若比特币等主流加密资产走弱,股价仍将承压。</p></li></ul><p style=\"text-align: start;\">期权IV定价Circle财报当周波动幅度为 <strong>±6.26美元 (10.24%)</strong>, 价格范围在<strong>$54.89</strong> - <strong>$67.41</strong>之间</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9099538cbecfc93f2f4c08cf17af13f\" title=\"Source: OptionCharts\" tg-width=\"1304\" tg-height=\"738\"/><span>Source: OptionCharts</span></p><h2 id=\"id_1848760414\" style=\"text-align: start;\">CRCL期权策略深度解析</h2><h3 id=\"id_157660933\" style=\"text-align: start;\">一、 期权核心指标:高波动性定价下的多空博弈</h3><ol start=\"1\" style=\"list-style-type: decimal;\"><li><p><strong>波动率环境:高企但非极端</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>隐含波动率 (IV)</strong>:<strong>91.75%</strong>。处于极高水平,表明期权市场定价包含了巨大的未来价格波动预期,期权权利金昂贵。</p></li><li><p><strong>IV百分位 (IV Percentile)</strong>:<strong>53.37%</strong>。意味着当前IV仅高于过去约53%的时间,处于<strong>历史中等水平</strong>。这暗示IV虽高,但并非处于极端高位,为构建价差策略提供了相对理性的起点。</p></li><li><p><strong>IV/HV比率</strong>:<strong>1.09</strong>。隐含波动率略高于历史波动率,期权定价含有轻微“波动率溢价”。</p></li></ul></li><li><p><strong>市场情绪:整体偏多但暗藏对冲</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨/看跌比率 (Call/Put Ratio)</strong>:<strong>1.43</strong>。看涨期权交易更活跃,通常解读为市场情绪偏向乐观。</p></li><li><p><strong>大单交易 (聪明钱动向)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨信号</strong>:有大单卖出2026-02-27到期的41美元看跌期权(5500手),表明有资金认为股价短期内不会跌至该低位,属于看涨/收租策略。</p></li><li><p><strong>看跌信号</strong>:有大单卖出2026-02-27到期的64美元看涨期权(4610手),显示在64美元上方存在显著的卖方压力和市场共识的阻力位。</p></li></ul></li></ul></li><li><p><strong>技术分析:关键支撑位面临考验</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>当前股价</strong>:61.17美元(2026-02-23收盘)。</p></li><li><p><strong>关键区间确认</strong>:期权未平仓合约显示,<strong>62美元和67美元</strong>是看涨期权的持仓集中区(阻力),而<strong>55美元和63美元</strong>是看跌期权的持仓密集带(支撑)。</p></li></ul></li></ol><p style=\"text-align: start;\"><strong>综合结论</strong>:CRCL期权市场呈现 <strong>“高波动性定价、中等历史百分位、偏多但脆弱的情绪”</strong> 格局。股价处于关键支撑位附近,多空博弈激烈。这种环境非常适合构建风险收益明确的价差策略,以有限的风险表达定向观点。</p><h3 id=\"id_207000870\" style=\"text-align: start;\">二、 牛市策略精选:牛市看涨价差 (Bull Call Spread)</h3><p style=\"text-align: start;\">在两种主流牛市策略中,<strong>牛市看涨价差(买入低行权价Call + 卖出高行权价Call)</strong> 更具优势。它完美契合当前高IV环境,通过卖出期权降低权利金成本,将风险与收益锁定在明确范围内,适合表达“温和看涨”的观点。</p><p style=\"text-align: start;\"><strong>具体策略构建:CRCL 牛市看涨价差 </strong><a href=\"https://laohu8.com/OPT/CRCL 20260306 57.0 PUT SELL 1 | CRCL 20260306 62.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/CRCL 20260306 62.0 CALL BUY 1 | CRCL 20260306 65.0 CALL SELL 1\" title=\"$CRCL 垂直价差 260306 62C/65C$ \" class=\"immutable-element\">$CRCL 垂直价差 260306 62C/65C$ </a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/086e9c4ccda26223dccc96badcb1e158\" title=\"\" tg-width=\"1079\" tg-height=\"1220\"/></p><ul style=\"list-style-type: disc;\"><li><p><strong>核心观点</strong>:看好CRCL在未来约两周内能小幅反弹,但预计上方65美元附近存在阻力。</p></li><li><p><strong>操作</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>买入 1张 CRCL 2026-03-06 <strong>62.0 Call</strong></p></li><li><p>卖出 1张 CRCL 2026-03-06 <strong>65.0 Call</strong></p></li></ul></li><li><p><strong>行权价选择逻辑</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>买入62 Call</strong>:略高于当前股价,Delta值(0.505)敏感,成本可控,且是近期更实际的反弹目标。</p></li><li><p><strong>卖出65 Call</strong>:该价位是近期大单显示的卖出位,具有心理关口意义,为股价预留约6.3%的盈利空间,卖出可有效对冲买入成本。</p></li></ul></li><li><p><strong>资金与盈亏明细(基于中间价)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>净成本/股:$1.175 (买入支付$3.775 - 卖出收入$2.60)</p></li><li><p><strong>组合成本</strong>:<strong>$117.5</strong> (每套)</p></li><li><p><strong>盈亏平衡点</strong>:<strong>63.175美元</strong></p></li><li><p><strong>最大盈利</strong>:<strong>$182.5</strong> (当股价 ≥ $65)</p></li><li><p><strong>最大亏损</strong>:<strong>$117.5</strong> (当股价 ≤ $62)</p></li><li><p><strong>风险收益比</strong>:≈ <strong>1 : 1.55</strong></p></li></ul></li></ul><p style=\"text-align: start;\"><strong>适用场景与风险提示</strong>:适合投资者看好CRCL能反弹至63.175美元以上并挑战65美元。主要风险是股价未能上涨,若股价暴涨超过65美元,收益将封顶。</p><h3 id=\"id_841861022\" style=\"text-align: start;\">三、 熊市策略精选:熊市看跌价差 (Bear Put Spread)</h3><p style=\"text-align: start;\">在两种熊市策略中,基于62/57行权价的<strong>熊市看跌价差(买入高行权价Put + 卖出低行权价Put)</strong> 更为出色。它有效降低了在高IV环境下直接买入看跌期权的昂贵成本,并以有限风险捕捉股价温和下跌的收益。</p><p style=\"text-align: start;\"><strong>具体策略构建:CRCL 熊市看跌价差 </strong><a href=\"https://laohu8.com/OPT/CRCL 20260306 57.0 PUT SELL 1 | CRCL 20260306 62.0 PUT BUY 1\" title=\"$CRCL 垂直价差 260306 57P/62P$ \" class=\"immutable-element\">$CRCL 垂直价差 260306 57P/62P$ </a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32fddf8d61e67ec63376f9440899bf00\" title=\"\" tg-width=\"1079\" tg-height=\"1201\"/></p><ul style=\"list-style-type: disc;\"><li><p><strong>核心观点</strong>:认为CRCL短期内可能跌破60美元关键支撑,继续下探,但下方57美元或有缓冲。</p></li><li><p><strong>操作</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>买入 1张 CRCL 2026-03-06 <strong>62.0 Put</strong></p></li><li><p>卖出 1张 CRCL 2026-03-06 <strong>57.0 Put</strong></p></li></ul></li><li><p><strong>行权价选择逻辑</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>买入62 Put</strong>:略高于当前股价和59.9美元支撑,提供安全边际,股价一旦下跌即可进入盈利状态。</p></li><li><p><strong>卖出57 Put</strong>:低于关键支撑位,提供权利金收入以降低净成本,同时设定下行盈利边界。</p></li></ul></li><li><p><strong>资金与盈亏明细(基于中间价)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>净成本/股:$2.195 (买入支付$4.80 - 卖出收入$2.605)</p></li><li><p><strong>组合成本</strong>:<strong>$219.5</strong> (每套)</p></li><li><p><strong>盈亏平衡点</strong>:<strong>59.805美元</strong></p></li><li><p><strong>最大盈利</strong>:<strong>$280.5</strong> (当股价 ≤ $57)</p></li><li><p><strong>最大亏损</strong>:<strong>$219.5</strong> (当股价 ≥ $62)</p></li><li><p><strong>风险收益比</strong>:≈ <strong>1 : 1.28</strong></p></li></ul></li></ul><p style=\"text-align: start;\"><strong>适用场景与风险提示</strong>:适合投资者预期股价将跌破59.8美元支撑。盈亏平衡点与已知支撑位高度重合,策略效率较高。风险在于股价不跌反涨。</p><h3 id=\"id_3005422316\" style=\"text-align: start;\">四、 策略总结</h3><p style=\"text-align: start;\">对于当前处于风口浪尖的CRCL,期权市场的高波动性既带来了风险,也创造了以清晰结构进行布局的机会。</p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨投资者</strong>:<strong>牛市看涨价差(62/65 Call)</strong> 是成本可控、参与反弹的利器,尤其适合担心IV衰减的投资者。</p></li><li><p><strong>看跌投资者</strong>:<strong>熊市看跌价差(62/57 Put)</strong> 以明确的风险博取股价跌破关键支撑后的收益,规避了直接做空或买入裸看跌期权的潜在风险。</p></li></ul><p style=\"text-align: start;\">无论选择何种策略,投资者都应严守风控纪律,密切关注<strong>59.9美元支撑位</strong>与<strong>65美元阻力位</strong>的争夺,以及加密市场整体情绪的变化,及时应对。</p><p><em>免责声明:期权交易具有高风险特征,投资者需根据自身风险承受能力审慎决策。</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>期权策略 | Circle业绩公布在即,关键支撑阻力位已现,期权交易如何布局?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n期权策略 | Circle业绩公布在即,关键支撑阻力位已现,期权交易如何布局?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1020040791\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">期权女巫 </p>\n<p class=\"h-time\">2026-02-24 14:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/CRCL\">Circle</a> 将于2026年02月25日美股盘前发布最新季度财报。</p><p>一致预期显示本季度公司营收约为7.39亿美元,调整后每股收益约0.25美元。公司当前的主营业务亮点集中在准备金相关收入,规模约7.11亿美元、构成比96.15%,收益对资产配置与市场利率变动较为敏感。</p><p>上个交易日,该股收于61.17美元,跌幅约3%,夜盘一度探至60.58美元。近日波动更多反映了加密资产整体情绪与市场利率预期的变化。</p><p style=\"text-align: start;\"><strong>展望后市,CRCL股价面临多空因素交织的局面:</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>潜在催化</strong>:USDC生态的持续扩容、全球稳定币监管政策的明朗化以及代币化资产的推进,有望提升其交易与托管规模,从而带动费率与利息相关收入改善,修复市场情绪。此外,若美债收益率维持高位,其庞大的储备金利息收入将保持韧性。目前,华尔街分析师给出的一致目标价均值约为128美元,较现价存在显著上行空间。</p></li><li><p><strong>回调风险</strong>:公司目前TTM市销率约6倍且TTM每股收益为-0.85美元,盈利能见度有待验证。加密市场固有的高波动性与持续的监管不确定性,可能放大其估值回撤风险。资金层面,近几日空头成交占比约20%,当日大额资金进出相对均衡,若比特币等主流加密资产走弱,股价仍将承压。</p></li></ul><p style=\"text-align: start;\">期权IV定价Circle财报当周波动幅度为 <strong>±6.26美元 (10.24%)</strong>, 价格范围在<strong>$54.89</strong> - <strong>$67.41</strong>之间</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9099538cbecfc93f2f4c08cf17af13f\" title=\"Source: OptionCharts\" tg-width=\"1304\" tg-height=\"738\"/><span>Source: OptionCharts</span></p><h2 id=\"id_1848760414\" style=\"text-align: start;\">CRCL期权策略深度解析</h2><h3 id=\"id_157660933\" style=\"text-align: start;\">一、 期权核心指标:高波动性定价下的多空博弈</h3><ol start=\"1\" style=\"list-style-type: decimal;\"><li><p><strong>波动率环境:高企但非极端</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>隐含波动率 (IV)</strong>:<strong>91.75%</strong>。处于极高水平,表明期权市场定价包含了巨大的未来价格波动预期,期权权利金昂贵。</p></li><li><p><strong>IV百分位 (IV Percentile)</strong>:<strong>53.37%</strong>。意味着当前IV仅高于过去约53%的时间,处于<strong>历史中等水平</strong>。这暗示IV虽高,但并非处于极端高位,为构建价差策略提供了相对理性的起点。</p></li><li><p><strong>IV/HV比率</strong>:<strong>1.09</strong>。隐含波动率略高于历史波动率,期权定价含有轻微“波动率溢价”。</p></li></ul></li><li><p><strong>市场情绪:整体偏多但暗藏对冲</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨/看跌比率 (Call/Put Ratio)</strong>:<strong>1.43</strong>。看涨期权交易更活跃,通常解读为市场情绪偏向乐观。</p></li><li><p><strong>大单交易 (聪明钱动向)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨信号</strong>:有大单卖出2026-02-27到期的41美元看跌期权(5500手),表明有资金认为股价短期内不会跌至该低位,属于看涨/收租策略。</p></li><li><p><strong>看跌信号</strong>:有大单卖出2026-02-27到期的64美元看涨期权(4610手),显示在64美元上方存在显著的卖方压力和市场共识的阻力位。</p></li></ul></li></ul></li><li><p><strong>技术分析:关键支撑位面临考验</strong></p><ul style=\"list-style-type: disc;\"><li><p><strong>当前股价</strong>:61.17美元(2026-02-23收盘)。</p></li><li><p><strong>关键区间确认</strong>:期权未平仓合约显示,<strong>62美元和67美元</strong>是看涨期权的持仓集中区(阻力),而<strong>55美元和63美元</strong>是看跌期权的持仓密集带(支撑)。</p></li></ul></li></ol><p style=\"text-align: start;\"><strong>综合结论</strong>:CRCL期权市场呈现 <strong>“高波动性定价、中等历史百分位、偏多但脆弱的情绪”</strong> 格局。股价处于关键支撑位附近,多空博弈激烈。这种环境非常适合构建风险收益明确的价差策略,以有限的风险表达定向观点。</p><h3 id=\"id_207000870\" style=\"text-align: start;\">二、 牛市策略精选:牛市看涨价差 (Bull Call Spread)</h3><p style=\"text-align: start;\">在两种主流牛市策略中,<strong>牛市看涨价差(买入低行权价Call + 卖出高行权价Call)</strong> 更具优势。它完美契合当前高IV环境,通过卖出期权降低权利金成本,将风险与收益锁定在明确范围内,适合表达“温和看涨”的观点。</p><p style=\"text-align: start;\"><strong>具体策略构建:CRCL 牛市看涨价差 </strong><a href=\"https://laohu8.com/OPT/CRCL 20260306 57.0 PUT SELL 1 | CRCL 20260306 62.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/CRCL 20260306 62.0 CALL BUY 1 | CRCL 20260306 65.0 CALL SELL 1\" title=\"$CRCL 垂直价差 260306 62C/65C$ \" class=\"immutable-element\">$CRCL 垂直价差 260306 62C/65C$ </a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/086e9c4ccda26223dccc96badcb1e158\" title=\"\" tg-width=\"1079\" tg-height=\"1220\"/></p><ul style=\"list-style-type: disc;\"><li><p><strong>核心观点</strong>:看好CRCL在未来约两周内能小幅反弹,但预计上方65美元附近存在阻力。</p></li><li><p><strong>操作</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>买入 1张 CRCL 2026-03-06 <strong>62.0 Call</strong></p></li><li><p>卖出 1张 CRCL 2026-03-06 <strong>65.0 Call</strong></p></li></ul></li><li><p><strong>行权价选择逻辑</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>买入62 Call</strong>:略高于当前股价,Delta值(0.505)敏感,成本可控,且是近期更实际的反弹目标。</p></li><li><p><strong>卖出65 Call</strong>:该价位是近期大单显示的卖出位,具有心理关口意义,为股价预留约6.3%的盈利空间,卖出可有效对冲买入成本。</p></li></ul></li><li><p><strong>资金与盈亏明细(基于中间价)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>净成本/股:$1.175 (买入支付$3.775 - 卖出收入$2.60)</p></li><li><p><strong>组合成本</strong>:<strong>$117.5</strong> (每套)</p></li><li><p><strong>盈亏平衡点</strong>:<strong>63.175美元</strong></p></li><li><p><strong>最大盈利</strong>:<strong>$182.5</strong> (当股价 ≥ $65)</p></li><li><p><strong>最大亏损</strong>:<strong>$117.5</strong> (当股价 ≤ $62)</p></li><li><p><strong>风险收益比</strong>:≈ <strong>1 : 1.55</strong></p></li></ul></li></ul><p style=\"text-align: start;\"><strong>适用场景与风险提示</strong>:适合投资者看好CRCL能反弹至63.175美元以上并挑战65美元。主要风险是股价未能上涨,若股价暴涨超过65美元,收益将封顶。</p><h3 id=\"id_841861022\" style=\"text-align: start;\">三、 熊市策略精选:熊市看跌价差 (Bear Put Spread)</h3><p style=\"text-align: start;\">在两种熊市策略中,基于62/57行权价的<strong>熊市看跌价差(买入高行权价Put + 卖出低行权价Put)</strong> 更为出色。它有效降低了在高IV环境下直接买入看跌期权的昂贵成本,并以有限风险捕捉股价温和下跌的收益。</p><p style=\"text-align: start;\"><strong>具体策略构建:CRCL 熊市看跌价差 </strong><a href=\"https://laohu8.com/OPT/CRCL 20260306 57.0 PUT SELL 1 | CRCL 20260306 62.0 PUT BUY 1\" title=\"$CRCL 垂直价差 260306 57P/62P$ \" class=\"immutable-element\">$CRCL 垂直价差 260306 57P/62P$ </a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/32fddf8d61e67ec63376f9440899bf00\" title=\"\" tg-width=\"1079\" tg-height=\"1201\"/></p><ul style=\"list-style-type: disc;\"><li><p><strong>核心观点</strong>:认为CRCL短期内可能跌破60美元关键支撑,继续下探,但下方57美元或有缓冲。</p></li><li><p><strong>操作</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>买入 1张 CRCL 2026-03-06 <strong>62.0 Put</strong></p></li><li><p>卖出 1张 CRCL 2026-03-06 <strong>57.0 Put</strong></p></li></ul></li><li><p><strong>行权价选择逻辑</strong>:</p><ul style=\"list-style-type: disc;\"><li><p><strong>买入62 Put</strong>:略高于当前股价和59.9美元支撑,提供安全边际,股价一旦下跌即可进入盈利状态。</p></li><li><p><strong>卖出57 Put</strong>:低于关键支撑位,提供权利金收入以降低净成本,同时设定下行盈利边界。</p></li></ul></li><li><p><strong>资金与盈亏明细(基于中间价)</strong>:</p><ul style=\"list-style-type: disc;\"><li><p>净成本/股:$2.195 (买入支付$4.80 - 卖出收入$2.605)</p></li><li><p><strong>组合成本</strong>:<strong>$219.5</strong> (每套)</p></li><li><p><strong>盈亏平衡点</strong>:<strong>59.805美元</strong></p></li><li><p><strong>最大盈利</strong>:<strong>$280.5</strong> (当股价 ≤ $57)</p></li><li><p><strong>最大亏损</strong>:<strong>$219.5</strong> (当股价 ≥ $62)</p></li><li><p><strong>风险收益比</strong>:≈ <strong>1 : 1.28</strong></p></li></ul></li></ul><p style=\"text-align: start;\"><strong>适用场景与风险提示</strong>:适合投资者预期股价将跌破59.8美元支撑。盈亏平衡点与已知支撑位高度重合,策略效率较高。风险在于股价不跌反涨。</p><h3 id=\"id_3005422316\" style=\"text-align: start;\">四、 策略总结</h3><p style=\"text-align: start;\">对于当前处于风口浪尖的CRCL,期权市场的高波动性既带来了风险,也创造了以清晰结构进行布局的机会。</p><ul style=\"list-style-type: disc;\"><li><p><strong>看涨投资者</strong>:<strong>牛市看涨价差(62/65 Call)</strong> 是成本可控、参与反弹的利器,尤其适合担心IV衰减的投资者。</p></li><li><p><strong>看跌投资者</strong>:<strong>熊市看跌价差(62/57 Put)</strong> 以明确的风险博取股价跌破关键支撑后的收益,规避了直接做空或买入裸看跌期权的潜在风险。</p></li></ul><p style=\"text-align: start;\">无论选择何种策略,投资者都应严守风控纪律,密切关注<strong>59.9美元支撑位</strong>与<strong>65美元阻力位</strong>的争夺,以及加密市场整体情绪的变化,及时应对。</p><p><em>免责声明:期权交易具有高风险特征,投资者需根据自身风险承受能力审慎决策。</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT7HwCmcieIUx5XmVC4qCM8cncEjs_sLEVnBA&s","relate_stocks":{"CRCL":"Circle Internet Corp."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127130966","content_text":"Circle 将于2026年02月25日美股盘前发布最新季度财报。一致预期显示本季度公司营收约为7.39亿美元,调整后每股收益约0.25美元。公司当前的主营业务亮点集中在准备金相关收入,规模约7.11亿美元、构成比96.15%,收益对资产配置与市场利率变动较为敏感。上个交易日,该股收于61.17美元,跌幅约3%,夜盘一度探至60.58美元。近日波动更多反映了加密资产整体情绪与市场利率预期的变化。展望后市,CRCL股价面临多空因素交织的局面:潜在催化:USDC生态的持续扩容、全球稳定币监管政策的明朗化以及代币化资产的推进,有望提升其交易与托管规模,从而带动费率与利息相关收入改善,修复市场情绪。此外,若美债收益率维持高位,其庞大的储备金利息收入将保持韧性。目前,华尔街分析师给出的一致目标价均值约为128美元,较现价存在显著上行空间。回调风险:公司目前TTM市销率约6倍且TTM每股收益为-0.85美元,盈利能见度有待验证。加密市场固有的高波动性与持续的监管不确定性,可能放大其估值回撤风险。资金层面,近几日空头成交占比约20%,当日大额资金进出相对均衡,若比特币等主流加密资产走弱,股价仍将承压。期权IV定价Circle财报当周波动幅度为 ±6.26美元 (10.24%), 价格范围在$54.89 - $67.41之间Source: OptionChartsCRCL期权策略深度解析一、 期权核心指标:高波动性定价下的多空博弈波动率环境:高企但非极端隐含波动率 (IV):91.75%。处于极高水平,表明期权市场定价包含了巨大的未来价格波动预期,期权权利金昂贵。IV百分位 (IV Percentile):53.37%。意味着当前IV仅高于过去约53%的时间,处于历史中等水平。这暗示IV虽高,但并非处于极端高位,为构建价差策略提供了相对理性的起点。IV/HV比率:1.09。隐含波动率略高于历史波动率,期权定价含有轻微“波动率溢价”。市场情绪:整体偏多但暗藏对冲看涨/看跌比率 (Call/Put Ratio):1.43。看涨期权交易更活跃,通常解读为市场情绪偏向乐观。大单交易 (聪明钱动向):看涨信号:有大单卖出2026-02-27到期的41美元看跌期权(5500手),表明有资金认为股价短期内不会跌至该低位,属于看涨/收租策略。看跌信号:有大单卖出2026-02-27到期的64美元看涨期权(4610手),显示在64美元上方存在显著的卖方压力和市场共识的阻力位。技术分析:关键支撑位面临考验当前股价:61.17美元(2026-02-23收盘)。关键区间确认:期权未平仓合约显示,62美元和67美元是看涨期权的持仓集中区(阻力),而55美元和63美元是看跌期权的持仓密集带(支撑)。综合结论:CRCL期权市场呈现 “高波动性定价、中等历史百分位、偏多但脆弱的情绪” 格局。股价处于关键支撑位附近,多空博弈激烈。这种环境非常适合构建风险收益明确的价差策略,以有限的风险表达定向观点。二、 牛市策略精选:牛市看涨价差 (Bull Call Spread)在两种主流牛市策略中,牛市看涨价差(买入低行权价Call + 卖出高行权价Call) 更具优势。它完美契合当前高IV环境,通过卖出期权降低权利金成本,将风险与收益锁定在明确范围内,适合表达“温和看涨”的观点。具体策略构建:CRCL 牛市看涨价差 $CRCL 垂直价差 260306 62C/65C$ 核心观点:看好CRCL在未来约两周内能小幅反弹,但预计上方65美元附近存在阻力。操作:买入 1张 CRCL 2026-03-06 62.0 Call卖出 1张 CRCL 2026-03-06 65.0 Call行权价选择逻辑:买入62 Call:略高于当前股价,Delta值(0.505)敏感,成本可控,且是近期更实际的反弹目标。卖出65 Call:该价位是近期大单显示的卖出位,具有心理关口意义,为股价预留约6.3%的盈利空间,卖出可有效对冲买入成本。资金与盈亏明细(基于中间价):净成本/股:$1.175 (买入支付$3.775 - 卖出收入$2.60)组合成本:$117.5 (每套)盈亏平衡点:63.175美元最大盈利:$182.5 (当股价 ≥ $65)最大亏损:$117.5 (当股价 ≤ $62)风险收益比:≈ 1 : 1.55适用场景与风险提示:适合投资者看好CRCL能反弹至63.175美元以上并挑战65美元。主要风险是股价未能上涨,若股价暴涨超过65美元,收益将封顶。三、 熊市策略精选:熊市看跌价差 (Bear Put Spread)在两种熊市策略中,基于62/57行权价的熊市看跌价差(买入高行权价Put + 卖出低行权价Put) 更为出色。它有效降低了在高IV环境下直接买入看跌期权的昂贵成本,并以有限风险捕捉股价温和下跌的收益。具体策略构建:CRCL 熊市看跌价差 $CRCL 垂直价差 260306 57P/62P$ 核心观点:认为CRCL短期内可能跌破60美元关键支撑,继续下探,但下方57美元或有缓冲。操作:买入 1张 CRCL 2026-03-06 62.0 Put卖出 1张 CRCL 2026-03-06 57.0 Put行权价选择逻辑:买入62 Put:略高于当前股价和59.9美元支撑,提供安全边际,股价一旦下跌即可进入盈利状态。卖出57 Put:低于关键支撑位,提供权利金收入以降低净成本,同时设定下行盈利边界。资金与盈亏明细(基于中间价):净成本/股:$2.195 (买入支付$4.80 - 卖出收入$2.605)组合成本:$219.5 (每套)盈亏平衡点:59.805美元最大盈利:$280.5 (当股价 ≤ $57)最大亏损:$219.5 (当股价 ≥ $62)风险收益比:≈ 1 : 1.28适用场景与风险提示:适合投资者预期股价将跌破59.8美元支撑。盈亏平衡点与已知支撑位高度重合,策略效率较高。风险在于股价不跌反涨。四、 策略总结对于当前处于风口浪尖的CRCL,期权市场的高波动性既带来了风险,也创造了以清晰结构进行布局的机会。看涨投资者:牛市看涨价差(62/65 Call) 是成本可控、参与反弹的利器,尤其适合担心IV衰减的投资者。看跌投资者:熊市看跌价差(62/57 Put) 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$嘉楠科技(CAN)$","images":[{"img":"https://static.tigerbbs.com/f0be12f98cd3884ff690828592f66e74"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/418243539197960","isVote":1,"tweetType":1,"viewCount":3859,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3520241959973627","authorId":"3520241959973627","name":"鬼画符","avatar":"https://static.tigerbbs.com/824680c430a1244d19b045f46f825a6f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3520241959973627","idStr":"3520241959973627"},"content":"大盘指数到位了补一波,拉下均价,只要别买在山顶,能解套","text":"大盘指数到位了补一波,拉下均价,只要别买在山顶,能解套","html":"大盘指数到位了补一波,拉下均价,只要别买在山顶,能解套"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":363367771083064,"gmtCreate":1729755429851,"gmtModify":1729755432348,"author":{"id":"3459462368857793","authorId":"3459462368857793","name":"一路走来cd","avatar":"https://static.tigerbbs.com/be085af43e85927a88d1e952e6e9afec","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3459462368857793","idStr":"3459462368857793"},"themes":[],"htmlText":"美国的股息投资,分红怎么收税?","listText":"美国的股息投资,分红怎么收税?","text":"美国的股息投资,分红怎么收税?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/363367771083064","repostId":"1186964429","repostType":4,"repost":{"id":"1186964429","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1729739785,"share":"https://www.laohu8.com/m/news/1186964429?lang=zh_CN&edition=full","pubTime":"2024-10-24 11:16","market":"hk","language":"zh","title":"防御型股票能提供稳定的股息收入,美国银行力荐这些股","url":"https://stock-news.laohu8.com/highlight/detail?id=1186964429","media":"老虎资讯综合","summary":"根据美国银行的分析,数据中心的电力需求可能会推动与天然气运输和储存相关的公司,而这对一些同时支付高额股息的股票是利好消息。美国银行给予的目标价为35美元,相较于周二的收盘价有20%的上涨空间。截至2024年,股价已上涨9.5%,并提供了7.3%的股息收益率。这与C类公司不同,C类公司需缴纳公司所得税,股东则需为其收到的股息缴税。今年,Kinder Morgan的股价已上涨近40%,股息收益率为4.7%。","content":"<html><head></head><body><p>根据美国银行的分析,数据中心的电力需求可能会推动与天然气运输和储存相关的公司,而这对一些同时支付高额股息的股票是利好消息。</p><p>分析师Jean Ann Salisbury在10月17日的报告中表示:“在当前环境下,我们更青睐与天然气相关的公司,尤其是中游公司。”她补充说,天然气液化中的中游领域“相对具有防御性”。</p><p>她还表示:“短期内的天然气供应过剩掩盖了中期前景的改善;我们预计2025年数据中心开发和液化天然气(LNG)需求的出现将成为正面催化剂。”她补充说,市场尚未完全认识到这些公司创造自由现金流的潜力。</p><h2>以下是Salisbury团队推荐的一些买入评级的股票。</h2><h3>美国银行推荐的天然气股票</h3><table><colgroup><col/><col/><col/><col/></colgroup><tbody><tr><td colspan=\"1\" rowspan=\"1\"><p>代号</p></td><td colspan=\"1\" rowspan=\"1\"><p>名称</p></td><td colspan=\"1\" rowspan=\"1\"><p>股息收益率</p></td><td colspan=\"1\" rowspan=\"1\"><p>年初至今涨幅 (%)</p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>EPD</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong><a href=\"https://laohu8.com/S/EPD\">Enterprise Products Partners L.P</a></strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>7.3%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>9.7%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>ET</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>7.8%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>18.3%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>KMI</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>4.7%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>39.7%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>WMB</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>3.6%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>50.2%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>TRGP</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/TRGP\">Targa Resources Corp</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>1.8%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>92.1%</strong></p></td></tr></tbody></table><p><br/><em>来源: Bank of America, FactSet</em></p><p><a href=\"https://laohu8.com/S/EPD\">Enterprise Products Partners L.P</a> 位列其中。美国银行给予的目标价为35美元,相较于周二的收盘价有20%的上涨空间。</p><p></p><p class=\"t-img-caption\"><img width=\"560\" height=\"240\" src=\"https://community-static.tradeup.com/news/61d769ef89fca79f8d5f37cb0332b17f\" data-align=\"center\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p>美国银行表示,Enterprise Products可以保持其在二叠纪盆地天然气液体增长中的市场份额,并增加了“亟需的”液化石油气/乙烷出口能力。</p><p>Salisbury团队表示:“如果资本支出在此次扩建结束时放缓(我们预计会放缓),潜在的现金流支付将非常庞大,超过每股3.3美元。”Salisbury 的团队还补充说,公司已经将债务减少到了同行业低端水平。</p><p>华尔街普遍对Enterprise Products持积极态度,根据LSEG的数据,19位分析师中有17位给出了买入或强烈买入评级。</p><p>截至2024年,股价已上涨9.5%,并提供了7.3%的股息收益率。此外,Enterprise Products是一家有限合伙企业,享有特殊的税收待遇,允许它提供较高的股息收益。</p><p>有限合伙企业无需缴纳联邦所得税,但其有限合伙人——即投资者——需要对分配的收入缴税。这与C类公司不同,C类公司需缴纳公司所得税,股东则需为其收到的股息缴税。</p><p>由于这种优惠的税收待遇,这些合伙企业可以提供更高的收益率。然而,不利的一面是,投资者通常会收到一份K-1表格,详细列出其收入,使得报税季节变得复杂。</p><p><a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a>是美国银行名单上另一只获得买入评级的管道公司。该公司的目标价为20美元,相较于周二的收盘价有22%的上涨空间。截至2024年,该公司股价已上涨18%,股息收益率为7.8%。它也是一家有限合伙企业。</p><p>Salisbury团队指出:“即便在油价走软的环境下,与其未来可支付的现金流相比,这只股票依然便宜,尤其是在资本支出或并购活动稍有放缓的情况下。”</p><p>美国银行还强调了 <a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a>的这些方面——“稳固的基础资产组合,在多个地区拥有独特资产,随着天然气液体/原油产量以低个位数增长,所需资本支出较低”。</p><p>Energy Transfer还在美国路易斯安那州的查尔斯湖开发一个液化天然气出口设施,Salisbury团队表示,如果项目推进,将为公司带来上涨潜力。</p><p>华尔街对Energy Transfer也颇为看好,根据LSEG的数据,94%的分析师对该股给予其买入或强烈买入评级。</p><p>最后,美国银行提到了 <a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a> ,称其是“2025年美国天然气长期需求拐点的主要受益者之一”。该投行给予其的目标价为27美元,相较于周二的收盘价有近9%的上涨空间。</p><p></p><p class=\"t-img-caption\"><img width=\"560\" height=\"240\" src=\"https://community-static.tradeup.com/news/20a4fd4f15e68a8bde72992b97d4d647\" data-align=\"center\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p>今年,Kinder Morgan的股价已上涨近40%,股息收益率为4.7%。</p><p>随着天然气需求的上升,美国银行认为现有的天然气管道将迎来正面催化因素——即已经是现有设施一部分的管道,而不是新建的管道。</p><p>美国银行表示:“我们预计到2025年, <a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a> 和Williams Companies将宣布多个有吸引力的项目,这些项目将推动亚利桑那州、德克萨斯州、中西部地区(针对Kinder Morgan)以及东海岸或太平洋西北地区(针对Williams Companies)的新需求建设。”</p><p><em>文章源自CNBC《Defensive stocks offer solid dividend yields. Bank of America likes these names》</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>防御型股票能提供稳定的股息收入,美国银行力荐这些股</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; 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class=\"title\">\n防御型股票能提供稳定的股息收入,美国银行力荐这些股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-10-24 11:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>根据美国银行的分析,数据中心的电力需求可能会推动与天然气运输和储存相关的公司,而这对一些同时支付高额股息的股票是利好消息。</p><p>分析师Jean Ann Salisbury在10月17日的报告中表示:“在当前环境下,我们更青睐与天然气相关的公司,尤其是中游公司。”她补充说,天然气液化中的中游领域“相对具有防御性”。</p><p>她还表示:“短期内的天然气供应过剩掩盖了中期前景的改善;我们预计2025年数据中心开发和液化天然气(LNG)需求的出现将成为正面催化剂。”她补充说,市场尚未完全认识到这些公司创造自由现金流的潜力。</p><h2>以下是Salisbury团队推荐的一些买入评级的股票。</h2><h3>美国银行推荐的天然气股票</h3><table><colgroup><col/><col/><col/><col/></colgroup><tbody><tr><td colspan=\"1\" rowspan=\"1\"><p>代号</p></td><td colspan=\"1\" rowspan=\"1\"><p>名称</p></td><td colspan=\"1\" rowspan=\"1\"><p>股息收益率</p></td><td colspan=\"1\" rowspan=\"1\"><p>年初至今涨幅 (%)</p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>EPD</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong><a href=\"https://laohu8.com/S/EPD\">Enterprise Products Partners L.P</a></strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>7.3%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>9.7%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>ET</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>7.8%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>18.3%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>KMI</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>4.7%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>39.7%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>WMB</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>3.6%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>50.2%</strong></p></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><p><strong>TRGP</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><a href=\"https://laohu8.com/S/TRGP\">Targa Resources Corp</a></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>1.8%</strong></p></td><td colspan=\"1\" rowspan=\"1\"><p><strong>92.1%</strong></p></td></tr></tbody></table><p><br/><em>来源: Bank of America, FactSet</em></p><p><a href=\"https://laohu8.com/S/EPD\">Enterprise Products Partners L.P</a> 位列其中。美国银行给予的目标价为35美元,相较于周二的收盘价有20%的上涨空间。</p><p></p><p class=\"t-img-caption\"><img width=\"560\" height=\"240\" src=\"https://community-static.tradeup.com/news/61d769ef89fca79f8d5f37cb0332b17f\" data-align=\"center\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p>美国银行表示,Enterprise Products可以保持其在二叠纪盆地天然气液体增长中的市场份额,并增加了“亟需的”液化石油气/乙烷出口能力。</p><p>Salisbury团队表示:“如果资本支出在此次扩建结束时放缓(我们预计会放缓),潜在的现金流支付将非常庞大,超过每股3.3美元。”Salisbury 的团队还补充说,公司已经将债务减少到了同行业低端水平。</p><p>华尔街普遍对Enterprise Products持积极态度,根据LSEG的数据,19位分析师中有17位给出了买入或强烈买入评级。</p><p>截至2024年,股价已上涨9.5%,并提供了7.3%的股息收益率。此外,Enterprise Products是一家有限合伙企业,享有特殊的税收待遇,允许它提供较高的股息收益。</p><p>有限合伙企业无需缴纳联邦所得税,但其有限合伙人——即投资者——需要对分配的收入缴税。这与C类公司不同,C类公司需缴纳公司所得税,股东则需为其收到的股息缴税。</p><p>由于这种优惠的税收待遇,这些合伙企业可以提供更高的收益率。然而,不利的一面是,投资者通常会收到一份K-1表格,详细列出其收入,使得报税季节变得复杂。</p><p><a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a>是美国银行名单上另一只获得买入评级的管道公司。该公司的目标价为20美元,相较于周二的收盘价有22%的上涨空间。截至2024年,该公司股价已上涨18%,股息收益率为7.8%。它也是一家有限合伙企业。</p><p>Salisbury团队指出:“即便在油价走软的环境下,与其未来可支付的现金流相比,这只股票依然便宜,尤其是在资本支出或并购活动稍有放缓的情况下。”</p><p>美国银行还强调了 <a href=\"https://laohu8.com/S/ET\">Energy Transfer LP</a>的这些方面——“稳固的基础资产组合,在多个地区拥有独特资产,随着天然气液体/原油产量以低个位数增长,所需资本支出较低”。</p><p>Energy Transfer还在美国路易斯安那州的查尔斯湖开发一个液化天然气出口设施,Salisbury团队表示,如果项目推进,将为公司带来上涨潜力。</p><p>华尔街对Energy Transfer也颇为看好,根据LSEG的数据,94%的分析师对该股给予其买入或强烈买入评级。</p><p>最后,美国银行提到了 <a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a> ,称其是“2025年美国天然气长期需求拐点的主要受益者之一”。该投行给予其的目标价为27美元,相较于周二的收盘价有近9%的上涨空间。</p><p></p><p class=\"t-img-caption\"><img width=\"560\" height=\"240\" src=\"https://community-static.tradeup.com/news/20a4fd4f15e68a8bde72992b97d4d647\" data-align=\"center\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p>今年,Kinder Morgan的股价已上涨近40%,股息收益率为4.7%。</p><p>随着天然气需求的上升,美国银行认为现有的天然气管道将迎来正面催化因素——即已经是现有设施一部分的管道,而不是新建的管道。</p><p>美国银行表示:“我们预计到2025年, <a href=\"https://laohu8.com/S/KMI\">金德尔摩根</a> 和Williams Companies将宣布多个有吸引力的项目,这些项目将推动亚利桑那州、德克萨斯州、中西部地区(针对Kinder Morgan)以及东海岸或太平洋西北地区(针对Williams Companies)的新需求建设。”</p><p><em>文章源自CNBC《Defensive stocks offer solid dividend yields. Bank of America likes these names》</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/2c6de02b8edeeff7e4bd0c782fd557d6","relate_stocks":{"KMI":"金德尔摩根","TRGP":"Targa Resources Corp","WMB":"威廉姆斯","ET":"Energy Transfer LP"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186964429","content_text":"根据美国银行的分析,数据中心的电力需求可能会推动与天然气运输和储存相关的公司,而这对一些同时支付高额股息的股票是利好消息。分析师Jean Ann Salisbury在10月17日的报告中表示:“在当前环境下,我们更青睐与天然气相关的公司,尤其是中游公司。”她补充说,天然气液化中的中游领域“相对具有防御性”。她还表示:“短期内的天然气供应过剩掩盖了中期前景的改善;我们预计2025年数据中心开发和液化天然气(LNG)需求的出现将成为正面催化剂。”她补充说,市场尚未完全认识到这些公司创造自由现金流的潜力。以下是Salisbury团队推荐的一些买入评级的股票。美国银行推荐的天然气股票代号名称股息收益率年初至今涨幅 (%)EPDEnterprise Products Partners L.P7.3%9.7%ETEnergy Transfer LP7.8%18.3%KMI金德尔摩根4.7%39.7%WMB威廉姆斯3.6%50.2%TRGPTarga Resources Corp1.8%92.1%来源: Bank of America, FactSetEnterprise Products Partners L.P 位列其中。美国银行给予的目标价为35美元,相较于周二的收盘价有20%的上涨空间。美国银行表示,Enterprise Products可以保持其在二叠纪盆地天然气液体增长中的市场份额,并增加了“亟需的”液化石油气/乙烷出口能力。Salisbury团队表示:“如果资本支出在此次扩建结束时放缓(我们预计会放缓),潜在的现金流支付将非常庞大,超过每股3.3美元。”Salisbury 的团队还补充说,公司已经将债务减少到了同行业低端水平。华尔街普遍对Enterprise Products持积极态度,根据LSEG的数据,19位分析师中有17位给出了买入或强烈买入评级。截至2024年,股价已上涨9.5%,并提供了7.3%的股息收益率。此外,Enterprise Products是一家有限合伙企业,享有特殊的税收待遇,允许它提供较高的股息收益。有限合伙企业无需缴纳联邦所得税,但其有限合伙人——即投资者——需要对分配的收入缴税。这与C类公司不同,C类公司需缴纳公司所得税,股东则需为其收到的股息缴税。由于这种优惠的税收待遇,这些合伙企业可以提供更高的收益率。然而,不利的一面是,投资者通常会收到一份K-1表格,详细列出其收入,使得报税季节变得复杂。Energy Transfer LP是美国银行名单上另一只获得买入评级的管道公司。该公司的目标价为20美元,相较于周二的收盘价有22%的上涨空间。截至2024年,该公司股价已上涨18%,股息收益率为7.8%。它也是一家有限合伙企业。Salisbury团队指出:“即便在油价走软的环境下,与其未来可支付的现金流相比,这只股票依然便宜,尤其是在资本支出或并购活动稍有放缓的情况下。”美国银行还强调了 Energy Transfer LP的这些方面——“稳固的基础资产组合,在多个地区拥有独特资产,随着天然气液体/原油产量以低个位数增长,所需资本支出较低”。Energy Transfer还在美国路易斯安那州的查尔斯湖开发一个液化天然气出口设施,Salisbury团队表示,如果项目推进,将为公司带来上涨潜力。华尔街对Energy Transfer也颇为看好,根据LSEG的数据,94%的分析师对该股给予其买入或强烈买入评级。最后,美国银行提到了 金德尔摩根 ,称其是“2025年美国天然气长期需求拐点的主要受益者之一”。该投行给予其的目标价为27美元,相较于周二的收盘价有近9%的上涨空间。今年,Kinder Morgan的股价已上涨近40%,股息收益率为4.7%。随着天然气需求的上升,美国银行认为现有的天然气管道将迎来正面催化因素——即已经是现有设施一部分的管道,而不是新建的管道。美国银行表示:“我们预计到2025年, 金德尔摩根 和Williams Companies将宣布多个有吸引力的项目,这些项目将推动亚利桑那州、德克萨斯州、中西部地区(针对Kinder Morgan)以及东海岸或太平洋西北地区(针对Williams Companies)的新需求建设。”文章源自CNBC《Defensive stocks offer solid dividend yields. Bank of America likes these names》","news_type":1,"symbols_score_info":{"ET":1.1,"WMB":1.1,"TRGP":1.1,"KMI":1.1}},"isVote":1,"tweetType":1,"viewCount":2135,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4136939755042400","authorId":"4136939755042400","name":"不做暴富的梦","avatar":"https://static.tigerbbs.com/f256e67ca26e4adabc28806ea50a095e","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"4136939755042400","idStr":"4136939755042400"},"content":"在收到进入账户之前就会减","text":"在收到进入账户之前就会减","html":"在收到进入账户之前就会减"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}