‌$特斯拉(TSLA_老虎社区_美港股上老虎

2022-02-04

‌$特斯拉(TSLA)$‌发现特斯拉的深度价内期权组合的年收益率竟达13%！

具体策略是：

1、卖出23年1/20日到期的call@500；

2、同时卖出同日到期的put@1400；

到期日在500-1400价内就必定行权从而形成必卖必买。

按昨天收盘时的期权买盘价，经过计算发现稳稳的高卖（946）低买（836.2），年收益率达到13.13%。这个策略近乎于无风险套利：特斯拉1年后腰斩到500的可能性近乎为零；在加息行情下明年初涨破1400的可能性也极低。如券商app能识别此组合那保证金也会比较低。

PS：如果你要更安全的put，也可以卖更高的put（比如最高的2475），但是收益率会降低（946/908=4.2%）

‌@期权小班长‌

原因何在？是不是值得研究下？

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

期权小班长
2022-02-07
期权小班长
比较可惜的一点是，我之前卖了1年期的期权，发现不能和近期期权形成组合。另外深度价内期权流动性不太好，不知道两张深度能不能自动行权对冲，除此之外我觉得没什么太大问题
- 期权小班长回复未料胜先料败:
  好像不是到期自动买进这么简单，还是要看对手盘，小心小概率无法结算事件，不过理论特斯拉应该没有太大问题吧。另外市场确实看在马斯克的面子上给了更高的溢价。
- 未料胜先料败:
  到期自动买进卖出（如系统在结算日先卖后买产生几个小时的融券, 当日融券也不会产生融券利息；最坏情况是系统当日先买后卖就要准备好备兑金）。这样的期权定价关系，是不是说明市场认为一年后股价涨至少15%?
未料胜先料败
2022-02-11
未料胜先料败
因为是卖方到期策略且是双向的组合策略，基本上不怕没有对手盘。到期日只要在价格区间内，任何方向的买方不行权都不用担心：行权日当天或以后可直接在市场买或卖正股备兑，买方放弃行权当得到完全的权利金（减去某个方向上的备兑亏损）时收益率会更高。最大亏损是发生在到期跌破500或涨破1400，有经验的同学应该知道该做啥止损吧（买或卖空正股做好备兑）。所以这个组合策略最重要的是准备好备兑金。
allen618
2022-02-04
allen618
刻舟求剑
- 冯升:
  精辟

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":633892840,"tweetId":"633892840","gmtCreate":1643904157047,"gmtModify":1644221950931,"author":{"id":3575695026604385,"idStr":"3575695026604385","authorId":3575695026604385,"authorIdStr":"3575695026604385","name":"未料胜先料败","avatar":"https://static.tigerbbs.com/c2e8677352e7c66bc689e7dce846548c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":127,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>‌<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>‌发现特斯拉的深度价内期权组合的年收益率竟达13%！具体策略是：1、卖出23年1/20日到期的call@500；2、同时卖出同日到期的put@1400；到期日在500-1400价内就必定行权从而形成必卖必买。 按昨天收盘时的期权买盘价，经过计算发现稳稳的高卖（946）低买（836.2），年收益率达到13.13%。这个策略近乎于无风险套利：特斯拉1年后腰斩到500的可能性近乎为零；在加息行情下明年初涨破1400的可能性也极低。如券商app能识别此组合那保证金也会比较低。 PS：如果你要更安全的put，也可以卖更高的put（比如最高的2475），但是收益率会降低（946/908=4.2%） ‌<a href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a>‌原因何在？是不是值得研究下？</body></html>","htmlText":"<html><head></head><body>‌<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>‌发现特斯拉的深度价内期权组合的年收益率竟达13%！具体策略是：1、卖出23年1/20日到期的call@500；2、同时卖出同日到期的put@1400；到期日在500-1400价内就必定行权从而形成必卖必买。 按昨天收盘时的期权买盘价，经过计算发现稳稳的高卖（946）低买（836.2），年收益率达到13.13%。这个策略近乎于无风险套利：特斯拉1年后腰斩到500的可能性近乎为零；在加息行情下明年初涨破1400的可能性也极低。如券商app能识别此组合那保证金也会比较低。 PS：如果你要更安全的put，也可以卖更高的put（比如最高的2475），但是收益率会降低（946/908=4.2%） ‌<a href=\"https://laohu8.com/U/3527667590215376\">@期权小班长</a>‌原因何在？是不是值得研究下？</body></html>","text":"‌$特斯拉(TSLA)$‌发现特斯拉的深度价内期权组合的年收益率竟达13%！ 具体策略是： 1、卖出23年1/20日到期的call@500； 2、同时卖出同日到期的put@1400； 到期日在500-1400价内就必定行权从而形成必卖必买。 按昨天收盘时的期权买盘价，经过计算发现稳稳的高卖（946）低买（836.2），年收益率达到13.13%。这个策略近乎于无风险套利：特斯拉1年后腰斩到500的可能性近乎为零；在加息行情下明年初涨破1400的可能性也极低。如券商app能识别此组合那保证金也会比较低。 PS：如果你要更安全的put，也可以卖更高的put（比如最高的2475），但是收益率会降低（946/908=4.2%） ‌@期权小班长‌ 原因何在？是不是值得研究下？","highlighted":1,"essential":2,"paper":1,"likeSize":2,"commentSize":6,"repostSize":1,"favoriteSize":0,"link":"https://laohu8.com/post/633892840","repostId":0,"isVote":1,"tweetType":1,"viewCount":4831,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":532,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":7233409,"commentId":"7233409","gmtCreate":1644222282557,"gmtModify":1644222282557,"authorId":3527667590215376,"author":{"id":3527667590215376,"idStr":"3527667590215376","authorId":3527667590215376,"name":"期权小班长","avatar":"https://static.tigerbbs.com/e785bea87af8baf08d2b24111b78c16a","vip":2,"currentWearingBadge":{"badgeId":"99ab5418acee46419c22b9c7ac12257b-1","templateUuid":"99ab5418acee46419c22b9c7ac12257b","name":"月度最佳创作者","description":"每月精华帖数量及质量位于社区TOP3的创作者","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"hat":"https://static.tigerbbs.com/5c5b6ed6e3b5dcb14f9ef3ceb365e412","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","templateUuid":"3f8f4b8c193b4343a88817ce07587dbd","name":"星级创作者","description":"社区优质创作者：发表过3篇及以上精华帖，且30天内发表过至少一篇精华帖并参与过评论","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.27","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":0,"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"比较可惜的一点是，我之前卖了1年期的期权，发现不能和近期期权形成组合。另外深度价内期权流动性不太好，不知道两张深度能不能自动行权对冲，除此之外我觉得没什么太大问题","text":"比较可惜的一点是，我之前卖了1年期的期权，发现不能和近期期权形成组合。另外深度价内期权流动性不太好，不知道两张深度能不能自动行权对冲，除此之外我觉得没什么太大问题","html":"比较可惜的一点是，我之前卖了1年期的期权，发现不能和近期期权形成组合。另外深度价内期权流动性不太好，不知道两张深度能不能自动行权对冲，除此之外我觉得没什么太大问题","likeSize":0,"commentSize":2,"subComments":[{"id":7233760,"commentId":"7233760","gmtCreate":1644242040401,"gmtModify":1644242040401,"authorId":3527667590215376,"author":{"id":3527667590215376,"idStr":"3527667590215376","authorId":3527667590215376,"name":"期权小班长","avatar":"https://static.tigerbbs.com/e785bea87af8baf08d2b24111b78c16a","vip":2,"currentWearingBadge":{"badgeId":"99ab5418acee46419c22b9c7ac12257b-1","templateUuid":"99ab5418acee46419c22b9c7ac12257b","name":"月度最佳创作者","description":"每月精华帖数量及质量位于社区TOP3的创作者","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"hat":"https://static.tigerbbs.com/5c5b6ed6e3b5dcb14f9ef3ceb365e412","crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","templateUuid":"3f8f4b8c193b4343a88817ce07587dbd","name":"星级创作者","description":"社区优质创作者：发表过3篇及以上精华帖，且30天内发表过至少一篇精华帖并参与过评论","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.27","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":3575695026604385,"repliedAuthor":{"id":3575695026604385,"idStr":"3575695026604385","authorId":3575695026604385,"name":"未料胜先料败","avatar":"https://static.tigerbbs.com/c2e8677352e7c66bc689e7dce846548c","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":7233409,"supIdStr":"7233409","prevId":7233462,"prevIdStr":"7233462","content":"好像不是到期自动买进这么简单，还是要看对手盘，小心小概率无法结算事件，不过理论特斯拉应该没有太大问题吧。另外市场确实看在马斯克的面子上给了更高的溢价。","text":"好像不是到期自动买进这么简单，还是要看对手盘，小心小概率无法结算事件，不过理论特斯拉应该没有太大问题吧。另外市场确实看在马斯克的面子上给了更高的溢价。","html":"好像不是到期自动买进这么简单，还是要看对手盘，小心小概率无法结算事件，不过理论特斯拉应该没有太大问题吧。另外市场确实看在马斯克的面子上给了更高的溢价。"},{"id":7233462,"commentId":"7233462","gmtCreate":1644224904158,"gmtModify":1644224904158,"authorId":3575695026604385,"author":{"id":3575695026604385,"idStr":"3575695026604385","authorId":3575695026604385,"name":"未料胜先料败","avatar":"https://static.tigerbbs.com/c2e8677352e7c66bc689e7dce846548c","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":7233409,"supIdStr":"7233409","prevId":0,"prevIdStr":"0","content":"到期自动买进卖出（如系统在结算日先卖后买产生几个小时的融券, 当日融券也不会产生融券利息；最坏情况是系统当日先买后卖就要准备好备兑金）。这样的期权定价关系，是不是说明市场认为一年后股价涨至少15%?","text":"到期自动买进卖出（如系统在结算日先卖后买产生几个小时的融券, 当日融券也不会产生融券利息；最坏情况是系统当日先买后卖就要准备好备兑金）。这样的期权定价关系，是不是说明市场认为一年后股价涨至少15%?","html":"到期自动买进卖出（如系统在结算日先卖后买产生几个小时的融券, 当日融券也不会产生融券利息；最坏情况是系统当日先买后卖就要准备好备兑金）。这样的期权定价关系，是不是说明市场认为一年后股价涨至少15%?"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":7240708,"commentId":"7240708","gmtCreate":1644594874842,"gmtModify":1644594874842,"authorId":3575695026604385,"author":{"id":3575695026604385,"idStr":"3575695026604385","authorId":3575695026604385,"name":"未料胜先料败","avatar":"https://static.tigerbbs.com/c2e8677352e7c66bc689e7dce846548c","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"因为是卖方到期策略且是双向的组合策略，基本上不怕没有对手盘。到期日只要在价格区间内，任何方向的买方不行权都不用担心：行权日当天或以后可直接在市场买或卖正股备兑，买方放弃行权当得到完全的权利金（减去某个方向上的备兑亏损）时收益率会更高。最大亏损是发生在到期跌破500或涨破1400，有经验的同学应该知道该做啥止损吧（买或卖空正股做好备兑）。所以这个组合策略最重要的是准备好备兑金。","text":"因为是卖方到期策略且是双向的组合策略，基本上不怕没有对手盘。到期日只要在价格区间内，任何方向的买方不行权都不用担心：行权日当天或以后可直接在市场买或卖正股备兑，买方放弃行权当得到完全的权利金（减去某个方向上的备兑亏损）时收益率会更高。最大亏损是发生在到期跌破500或涨破1400，有经验的同学应该知道该做啥止损吧（买或卖空正股做好备兑）。所以这个组合策略最重要的是准备好备兑金。","html":"因为是卖方到期策略且是双向的组合策略，基本上不怕没有对手盘。到期日只要在价格区间内，任何方向的买方不行权都不用担心：行权日当天或以后可直接在市场买或卖正股备兑，买方放弃行权当得到完全的权利金（减去某个方向上的备兑亏损）时收益率会更高。最大亏损是发生在到期跌破500或涨破1400，有经验的同学应该知道该做啥止损吧（买或卖空正股做好备兑）。所以这个组合策略最重要的是准备好备兑金。","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":7228822,"commentId":"7228822","gmtCreate":1643934931258,"gmtModify":1643934931258,"authorId":3435548872130617,"author":{"id":3435548872130617,"idStr":"3435548872130617","authorId":3435548872130617,"name":"allen618","avatar":"https://static.tigerbbs.com/3593ac79082615e1e24382798b3e35b3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"刻舟求剑","text":"刻舟求剑","html":"刻舟求剑","likeSize":0,"commentSize":1,"subComments":[{"id":7230151,"commentId":"7230151","gmtCreate":1643996083811,"gmtModify":1643996083811,"authorId":3505260674572464,"author":{"id":3505260674572464,"idStr":"3505260674572464","authorId":3505260674572464,"name":"冯升","avatar":"https://static.tigerbbs.com/82fd94fc3c9432bf16476cca31aaf610","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":633892840,"objectIdStr":"633892840","type":1,"supId":7228822,"supIdStr":"7228822","prevId":0,"prevIdStr":"0","content":"精辟","text":"精辟","html":"精辟"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/633892840"}