{"id":8180,"date":"2023-12-11T05:23:08","date_gmt":"2023-12-10T21:23:08","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=8180"},"modified":"2023-12-11T05:23:08","modified_gmt":"2023-12-10T21:23:08","slug":"%e5%8f%a6%e9%a1%9e%e6%94%b6%e6%81%af%e5%b7%a5%e5%85%b7","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2023\/12\/%e5%8f%a6%e9%a1%9e%e6%94%b6%e6%81%af%e5%b7%a5%e5%85%b7\/","title":{"rendered":"\u53e6\u985e\u6536\u606f\u5de5\u5177"},"content":{"rendered":"

\u53e6\u985e\u6536\u606f\u5de5\u5177<\/span><\/strong><\/span><\/h2>\n
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\u63a5\u4e0a\u6587<\/a><\/span><\/p>\n
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\u4e0a\u6587\u8a0e\u8ad6\u4e86\u4ee5\u8ce3\u51fa\u8a8d\u8cfc\u671f\u6b0a\u914d\u5408\u6301\u6709\u6b63\u80a1\u5408\u62fc\u800c\u6210\u7684covered call \u7b56\u7565ETF, \u7528\u65bc\u7f8e\u570b\u79d1\u6280\u80a1\u53ef\u4ee5\u6709\u9ad8\u905412% \u7684\u6d3e\u606f\u3002<\/span><\/p>\n
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\u9019\u985ecovered call \u7b56\u7565(\u53c8\u7a31buy write \u7b56\u7565) \u90fd\u6709\u7528\u65bcS&P500 \u6307\u6578\uff0c\u800cCBOE \u829d\u52a0\u54e5\u671f\u6b0a\u4ea4\u6613\u5916\u65bc\u5f88\u4e45\u4ee5\u524d\uff0c\u53732001\u5e74\u5df2\u7d93\u6709\u4e00\u500b\u540d\u70baBXM \u7684\u6307\u6578\uff0c \u5168\u540d\u662fCBOE S&P500 BuyWrite index<\/span><\/p>\n
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BXM<\/a><\/span><\/p>\n
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\u5982\u679c\u5927\u5bb6\u6709\u5c11\u5c11\u671f\u6b0a\u8a8d\u8b58\uff0c\u5c31\u6703\u767c\u73fe\u5176\u5be6buywrite \u7684\u8cfa\u8755\u6a21\u5f0f\u8207\u53e6\u4e00\u7a2e\u671f\u6b0a\u7b56\u7565\u5341\u5206\u76f8\u4f3c\uff0c\u90a3\u5c31\u662fnaked put (\u53c8\u53eb putwrite) :<\/span><\/p>\n
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$\"$ <\/a><\/span><\/p>\n
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PutWrite \u5c31\u662f\u6c92\u6709\u6301\u6b63\u80a1\uff0c\u53ea\u8ce3\u51fa\u8a8d\u6cbd\u671f\u6b0a\uff0c\u65bc\u662f\u65bc\u6b63\u80a1\u50f9\u683c\u4e0a\u5347\u6642\u4fbf\u8cfa\u671f\u6b0a\u91d1<\/span>\uff0c\u800c\u6b63\u80a1\u50f9\u683c\u4e0b\u8dcc<\/span>\u6642\uff0c\u8a8d\u6cbd\u671f\u6b0a\u5c0d\u624b\u57f7\u884c\u671f\u6b0a\u4e0b\u8755\u9322<\/span>\uff0c\u53ea\u662f\u7531\u65bc\u4e4b\u524d\u6536\u4e86\u671f\u6b0a\u91d1\uff0c\u65bc\u662f\u53ef\u4ee5\u8755\u5c11\u5572\u3002<\/span><\/p>\n
CBOE\u4ea6\u6709\u76f8\u95dc\u6307\u6578\uff0c\u53ebCboe S&P 500 PutWrite Index\u00a0<\/span>PUT<\/a><\/span><\/p>\n
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\u6309CBOE \u7db2\u7ad9\u7684\u5716\u8868\u986f\u793a\uff0c\u9577\u671f\u4f86\u8aaaPUT<\/span> <\/strong>\u7684\u56de\u5831\u7a0d\u5fae\u9ad8\u65bcBXM<\/span><\/strong>, \u898b\u4e0b\uff1a<\/span><\/p>\n
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$\"$ <\/a><\/span><\/p>\n
\u5373\u662f\u8aaaPutWrite \u65bcS&P500 \u53ef\u80fd\u6bd4\u8d77BuyWrite \u66f4\u597d\u3002<\/span><\/p>\n
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\u5be6\u969b\u64cd\u4f5c\u4e0a\uff0cBuyWrite \u8981\u63a7\u5236\u6b63\u80a1\u53cacall option,\u00a0 \u800cPutWrite \u53ea\u9700put option,\u00a0 \u6bd4\u8f03\u7c21\u55ae\u3002\u4f46\u6301\u6709\u6b63\u80a1\u53ef\u4ee5\u8cfa\u80a1\u606f\uff0c\u800cput option \u7b56\u7565\u901a\u5e38\u6703\u5099\u6709\u4e00\u5806\u73fe\u91d1\u4f5c\u8ce0\u9322\u4e4b\u7528\uff0c\u9019\u4e9b\u73fe\u91d1\u65bc\u9ad8\u606f\u671f\u90fd\u53ef\u4ee5\u8f49\u4f5c\u77ed\u671fT-Bill\u589e\u52a0\u56de\u5831\u6536\u5165\u3002<\/span><\/p>\n
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\u4e0d\u904e\u6563\u6236\u4e00\u6709cash \u5c31\u8eab\u75d5\uff0c\u5c31\u60f3\u8cb7\u5462\u6a23\u8cb7\u55f0\u6a23\uff0c\u6240\u4ee5buywrite \u6703\u9069\u5408\u8f03\u4f4e\u6295\u8cc7\u7d00\u5f8b\u7684\u4eba\uff0cputwrite \u5c31\u8981\u8f03\u9ad8\u81ea\u5f8b\u6027\u3002<\/span><\/p>\n
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\u5982\u679c\u5514\u60f3\u81ea\u5df1\u6210\u65e5\u64cd\u4f5c\u671f\u6b0a\uff0c\u5e02\u9762\u4e0a\u6709\u5169\u96bbputwrite ETF\uff0c \u6709\u5c08\u4eba\u4ee3\u7406\u3002<\/span>\u73fe\u6642\u7f8e\u80a1\u6709\u5169\u96bb\u904b\u7528PutWrite \u7b56\u7565\u65bcS&P500 \u6307\u6578\u7684ETF\uff0c\u6d3e\u606f\u6709\u8fd15%\u3002\u5169\u8005ETF\u6240\u8ce3\u51fa\u7684put option\u6709\u5206\u5225\uff0c\u4e00\u96bb\u8ce3S&P500\u6307\u6578put option\uff0c\u4e00\u96bb\u8ce3SPY ETF\u7684put option:<\/span><\/p>\n
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PUTW<\/span><\/a><\/p>\n
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PUTD<\/span><\/a><\/p>\n
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\u7b46\u8005\u81ea\u5df1\u6709\u4e00\u7b56\u7565\u53bb\u64cd\u4f5cputwrite\uff0c\u81ea1988\u5e74\u81f32023\u5e7411\u670835\u5e74\u9593\u5e74\u5747\u56de\u5831\u70ba9.30%\uff0c\u63a5\u6708\u6ce2\u5e45\u70ba1.83% \uff0c\u56de\u5831\u6ce2\u5e45\u6bd4\u7387\u70ba5.09 \uff08\u540c\u671fS&P500 \u9023\u80a1\u606f\u70ba 10.18%\/ 4.29% \/ 2.37\uff09\uff0c \u9069\u5408\u9000\u4f11\u5f8c\u6295\u8cc7\u6216\u65bc\u4f4e\u606f\u671f\u505a\u69d3\u687f\uff0c\u7b56\u7565MDD \u70ba-10.6%\uff0c \u5927\u8dcc\u5e02\u5e74\u4efd\u4f8b\u59822008\u5e74\u53ca2022\u5e74\uff0c\u7b56\u7565\u53ea\u4e0b\u8dcc-7%\u5de6\u53f3\u3002putwrite\u7b56\u7565\u6c92\u6709\u6b63\u80a1\u5347\u5f97\u591a\uff0c\u4f46\u6ce2\u5e45\u4f4e\u4e00\u500d\u3002<\/span><\/p>\n
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\u5c0f\u7d50<\/span><\/strong><\/p>\n
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\u672c\u6587\u4e0d\u662f\u63a8\u85a6\u4ec0\u9ebcETF \u6216\u6295\u8cc7\u7269\uff0c\u800c\u662f\u8ac7\u8ad6\u671f\u6b0a\u6295\u8cc7\u7b56\u7565\u7684\u61c9\u7528\uff0c\u884d\u751f\u5de5\u5177\u662f\u96f6\u548c\u904a\u6232\uff0c\u6c92\u6709\u7b56\u7565\u4fbf\u8207\u5c0d\u5bb6\u535a\u5955\uff0c\u53ea\u662f\u6b7b\u8def\u4e00\u689d\u3002\u6240\u8b02\u671f\u6b0a\u6536\u606f\u53ea\u662f\u53e6\u985e\u7684\u8cfa\u8755\u66f2\u7dda\uff0c\u8207\u6b63\u80a1\u4e0d\u4e00\u6a23\uff0c\u6240\u4ee5\u80fd\u5438\u5f15\u4e00\u773e\u6563\u6236\uff0c\u4ee5\u70ba\u53ef\u4ee5\u514d\u8cbb\u6536\u606f\u3002<\/span><\/p>\n
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\u6295\u8cc7\u9019\u985eoption strategy ETF \u4e4b\u524d\uff0c\u4e00\u5b9a\u8981\u719f\u8b80\u5b83\u7684prospectus \u53ca\u80cc\u5f8c\u7684\u6307\u6578\u6a5f\u5236\uff0c\u77e5\u9053\u6d3e\u606f\u7684\u7531\u4f86\uff0c\u8207\u53ca\u4f55\u6642\u6709\u512a\u52e2\u53ca\u5e7e\u6642\u6703\u8755\u9322\u3002<\/span><\/p>\n
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\u53e6\u985e\u6536\u606f\u5de5\u5177 \u63a5\u4e0a\u6587 \u4e0a\u6587\u8a0e\u8ad6\u4e86\u4ee5\u8ce3\u51fa\u8a8d\u8cfc\u671f\u6b0a\u914d\u5408\u6301\u6709\u6b63\u80a1\u5408\u62fc\u800c\u6210\u7684covered…<\/p>\n","protected":false},"author":1,"featured_media":8182,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[39,11,30,36,22,48,45,23,53,50],"class_list":["post-8180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1","tag-buy-hold","tag-etf","tag-sharpe-ratio","tag-spy","tag-22","tag-48","tag-45","tag-23","tag-53","tag-50"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2023\/12\/PUT2.jpg?fit=824%2C519&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-27W","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/comments?post=8180"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8180\/revisions"}],"predecessor-version":[{"id":8188,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8180\/revisions\/8188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/8182"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=8180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=8180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=8180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}