{"id":3770,"date":"2021-10-25T11:05:20","date_gmt":"2021-10-25T03:05:20","guid":{"rendered":"http:\/\/101.37.83.176\/?p=3770"},"modified":"2022-09-06T08:45:30","modified_gmt":"2022-09-06T00:45:30","slug":"essays-on-options-learning","status":"publish","type":"post","link":"http:\/\/101.37.83.176\/?p=3770","title":{"rendered":"\u671f\u6743\u968f\u7b14"},"content":{"rendered":"<p>\u5199\u5728\u524d\u9762\u7684\u8bdd<br \/>\n\u5b66\u4e60\u4e0d\u52a8\u7b14\u5c31\u4e0d\u4f1a\u6709\u601d\u8003\uff0c\u7d22\u6027\u505a\u4e2a\u968f\u7b14\u7cfb\u5217\u5427\u3002\u8fd9\u91cc\u9762\u65e2\u6709\u81ea\u5df1\u7684\u4f53\u4f1a\uff0c\u4e5f\u6709\u56db\u5904\u5b66\u6765\u7684\uff0c\u6bd4\u8f83\u6742\u4e71\uff0c\u4e0d\u4f5c\u4e3a\u6295\u8d44\u5efa\u8bae\uff0c\u4ec5\u7528\u4e8e\u81ea\u5df1\u7684\u5b66\u4e60\u8bb0\u5f55\u3002<\/p>\n<hr \/>\n<p><strong>\u4e00\u3001\u4ec0\u4e48\u662f\u671f\u6743\uff1f<\/strong><br \/>\n\u5728\u4e00\u5b9a\u65f6\u95f4\u5185\uff0c\u4ee5\u67d0\u4e00\u4ef7\u683c\uff0c\u4e70\u5165\u6216\u5356\u51fa\u6807\u7684\u7684\u9009\u62e9\u6743\u3002<br \/>\n\u671f\u6743\u662f\u975e\u7ebf\u6027\u884d\u751f\u54c1\u3002Life is Long Gamma<br \/>\n\u4ece\u6ce2\u52a8\u7387\u7684\u89d2\u5ea6\uff0c\u4e70\u5165\u671f\u6743\u5c31\u662f\u505a\u591a\u6ce2\u52a8\u7387\u3001\u5356\u51fa\u671f\u6743\u5c31\u505a\u7a7a\u6ce2\u52a8\u7387\u3002<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3762 size-full\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u6ce2\u52a8\u7387.jpg\" alt=\"\" width=\"472\" height=\"310\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u6ce2\u52a8\u7387.jpg 472w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u6ce2\u52a8\u7387-300x197.jpg 300w\" sizes=\"auto, (max-width: 472px) 100vw, 472px\" \/><\/p>\n<p><strong>\u4e8c\u3001\u719f\u7ec3\u8fd0\u7528\u5e0c\u814a\u5b57\u6bcd\uff01<\/strong><br \/>\n1\u3001\u5e0c\u814a\u5b57\u6bcd\u7684\u542b\u4e49<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Delta\u8868\u793a\u5728\u5176\u4ed6\u56e0\u7d20\u4fdd\u6301\u4e0d\u53d8\u7684\u60c5\u51b5\u4e0b\uff0c\u4e00\u5355\u4f4d\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u7684\u53d8\u5316\u6240\u5f15\u8d77\u7684\u671f\u6743\u4ef7\u503c\u7684\u53d8\u5316\u3002Delta\u53cd\u6620\u4e86\u6807\u7684\u4ef7\u683c\u5355\u4f4d\u53d8\u5316\u7ed9\u671f\u6743\u6295\u8d44\u8005\u5e26\u6765\u7684\u6536\u76ca\u6216\u4e8f\u635f\u3002<\/li>\n<li>Gamma\u8868\u793a\u5728\u5176\u4ed6\u56e0\u7d20\u4e0d\u53d8\u7684\u60c5\u51b5\u4e0b\uff0c\u4e00\u4e2a\u5355\u4f4d\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u7684\u53d8\u5316\u6240\u5f15\u8d77\u7684Delta\u503c\u7684\u53d8\u5316\u3002Gamma\u503c\u8d8a\u5927\uff0cDelta\u503c\u53d8\u5316\u5c31\u8d8a\u5927\u3002<\/li>\n<li>Theta\u8868\u793a\u5728\u5176\u4ed6\u56e0\u7d20\u4e0d\u53d8\u7684\u60c5\u51b5\u4e0b\uff0c\u5355\u4f4d\u65f6\u95f4\u7684\u6d41\u901d\u6240\u5f15\u8d77\u7684\u671f\u6743\u4ef7\u503c\u7684\u53d8\u5316\u3002Theta\u53cd\u6620\u51fa\u4e86\u6295\u8d44\u8005\u56e0\u4e3a\u4e70\u5165\u671f\u6743\u83b7\u5f97\u6b63\u7684Gamma\u503c\u800c\u9700\u8981\u652f\u4ed8\u7684\u5355\u4f4d\u65f6\u95f4\u4ef7\u503c\u7684\u5927\u5c0f\u3002<\/li>\n<li>Vega\u8868\u793a\u5176\u4ed6\u56e0\u7d20\u4e0d\u53d8\u7684\u60c5\u51b5\u4e0b\uff0c\u6807\u7684\u8d44\u4ea7\u6ce2\u52a8\u7387\u53d8\u52a8\u4e00\u4e2a\u5355\u4f4d\u6240\u5f15\u8d77\u7684\u671f\u6743\u4ef7\u503c\u7684\u53d8\u5316\u3002Vega\u53cd\u5e94\u51fa\u4e86\u6295\u8d44\u8005\u671f\u6743\u6301\u4ed3\u6240\u9762\u4e34\u7684\u6ce2\u52a8\u7387\u98ce\u9669\u3002<\/li>\n<li>Rho\u8868\u793a\u5728\u5176\u4ed6\u56e0\u7d20\u4e0d\u53d8\u7684\u6761\u4ef6\u4e0b\uff0c\u5355\u4f4d\u5229\u7387\u53d8\u52a8\u6240\u5f15\u8d77\u7684\u671f\u6743\u4ef7\u503c\u7684\u53d8\u52a8\u3002\u5229\u7387\u53d8\u5316\u5bf9\u4e8e\u77ed\u671f\u671f\u6743\u7684\u5f71\u54cd\u662f\u6bd4\u8f83\u6709\u9650\u7684\u3002<\/li>\n<\/ul>\n<p>2\u3001\u5b57\u6bcd\u7684\u6b63\u8d1f\u53f7\uff08\u671f\u6743\u591a\u5934\u4e0e\u671f\u6743\u7a7a\u5934\u7684\u5b57\u6bcd\u503c\u7b26\u53f7\u76f8\u53cd\uff0c\u5373\u5356\u51fa\u52a8\u4f5c\u4e3a\u8d1f\uff09<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3769 size-full\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u6b63\u8d1f.jpg\" alt=\"\" width=\"605\" height=\"236\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u6b63\u8d1f.jpg 605w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u6b63\u8d1f-300x117.jpg 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/p>\n<p>3\u3001\u5e0c\u814a\u5b57\u6bcd\u4f30\u8ba1\u6301\u4ed3\u76c8\u4e8f\uff1a<br \/>\n\u671f\u6743\u4ef7\u683c\u53ef\u8868\u793a\u4e3a\uff1a<br \/>\n<span class=\"katex-eq\" data-katex-display=\"false\"> f=f(K, S , T, \\sigma, r) <\/span><br \/>\n\u671f\u6743\u4ef7\u683cf\u4e3a\u6807\u7684\u4ef7\u683cS\u3001\u884c\u6743\u4ef7K\u3001\u5b58\u7eed\u671fT\u3001\u5b58\u7eed\u671f\u5185\u6ce2\u52a8\u7387\u03c3\u3001\u65e0\u98ce\u9669\u5229\u7387r\u7684\u51fd\u6570\u3002<br \/>\n\u5bf9\u4e8e\u67d0\u4e00\u671f\u6743\u5934\u5bf8\u7684\u4ef7\u683c\u53d8\u5316\uff0c\u5176\u4e3b\u8981\u53d8\u91cf\u4e3aS\u3001T\u3001\u03c3\u3001r\u3002<br \/>\n\u5bf9\u56db\u4e2a\u53d8\u91cf\u8fdb\u884c\u591a\u5143\u6cf0\u52d2\u5c55\u5f00\uff0c\u5f97\uff1a<br \/>\n<span class=\"katex-eq\" data-katex-display=\"false\"> df=\\frac{\\partial f}{\\partial S}dS+\\frac{1}{2}\\frac{\\partial^2f}{\\partial^2S}{(dS)}^2+\\frac{\\partial f}{\\partial T}dT+\\frac{\\partial f}{\\partial \\sigma}d\\sigma+\\frac{\\partial f}{\\partial r}dr+\\epsilon <\/span><br \/>\n\u79bb\u6563\u5f62\u5f0f\uff1a<br \/>\n<span class=\"katex-eq\" data-katex-display=\"false\"> \u2206f=Delta\\cdot\u2206S+\\frac{1}{2}Gamma\\cdot(\u2206S)^2+Theta\\cdot\u2206T+Vega\\cdot\u2206\u03c3+Rho\\cdot\u2206r+\u03f5 <\/span><br \/>\n\u77ed\u671f\u4e14\u4e0a\u8ff0\u53d8\u91cf\u53d8\u5316\u5c0f\uff0c\u53ef\u7b80\u5316\u4e3a\uff1a<br \/>\n<span class=\"katex-eq\" data-katex-display=\"false\"> \u2206f\u2248Delta\\cdot\u2206S+\\frac{1}{2}Gamma\\cdot(\u2206S)^2+Theta\\cdot\u2206T+Vega\\cdot\u2206\u03c3 <\/span><\/p>\n<p>\u5047\u8bbe\u4e00\u5f20\u770b\u6da8\u671f\u6743\u7684\u5e0c\u814a\u5b57\u6bcd\u5982\u4e0b\uff1aDelta=0.8, Gamma=0.001, Theta=-4, Vega=2, Rho=0.8<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3768\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u76c8\u4e8f\u8ba1\u7b97.png\" alt=\"\" width=\"500\" height=\"451\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u76c8\u4e8f\u8ba1\u7b97.png 562w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5b57\u6bcd\u76c8\u4e8f\u8ba1\u7b97-300x271.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><strong>\u4e09\u3001\u671f\u6743\u4ea4\u6613\u53ef\u80fd\u9762\u5bf9\u7684\u51e0\u79cd\u5927\u81f4\u60c5\u666f\uff1f<\/strong><br \/>\n1.\u6807\u7684\u4e0a\u6da8+\u9690\u6ce2\u4e0a\u5347\uff1b<br \/>\n2.\u6807\u7684\u4e0a\u6da8+\u9690\u6ce2\u4e0b\u964d\uff1b<br \/>\n3.\u6807\u7684\u4e0a\u6da8+\u9690\u6ce2\u6a2a\u76d8\uff1b<br \/>\n4.\u6807\u7684\u4e0b\u8dcc+\u9690\u6ce2\u4e0a\u5347\uff1b<br \/>\n5.\u6807\u7684\u4e0b\u8dcc+\u9690\u6ce2\u4e0b\u964d\uff1b<br \/>\n6.\u6807\u7684\u4e0b\u8dcc+\u9690\u6ce2\u6a2a\u76d8\uff1b<br \/>\n7.\u6807\u7684\u6a2a\u76d8+\u9690\u6ce2\u4e0a\u5347\uff1b<br \/>\n8.\u6807\u7684\u6a2a\u76d8+\u9690\u6ce2\u4e0b\u964d\uff1b<br \/>\n9.\u6807\u7684\u6a2a\u76d8+\u9690\u6ce2\u6a2a\u76d8\u3002<\/p>\n<p><strong>\u56db\u3001\u4ec0\u4e48\u6837\u7684\u7b56\u7565\u9002\u5408\u81ea\u5df1\uff1f<\/strong><br \/>\n\u7ecf\u8fc7\u5728\u5404\u54c1\u79cd\u4e0a\u53cd\u53cd\u590d\u590d\u7684\u5c1d\u8bd5\uff0c\u5bf9\u4e00\u4e9b\u7b56\u7565\u6709\u4e86\u4e9b\u8bb8\u4f53\u4f1a\uff1a<br \/>\n\u6ce8\uff1a\u4ee5\u4e0b\u914d\u56fe\u4e3a2021\u5e7410\u670819\u65e5\u6536\u76d8\u540e\u622a\u53d650ETF\u671f\u6743\u3002<\/p>\n<p>1\u3001\u88f8\u4e70\u8ba4\u8d2d\u6216\u8ba4\u6cbd\u671f\u6743\uff08+\/-Delta, +Gamma, -Theta, +Vega\uff09\uff1a\u9002\u7528\u4e8e\u5927\u6da8\u6216\u5927\u8dcc\uff0c\u5bb9\u9519\u7387\u4f4e\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3753 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/buy-call-out.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n1.1\u3001\u5b9e\u9645\u60c5\u51b5\u591a\u662f\u5f88\u96be\u6293\u4f4f\u8d77\u7206\u70b9\uff0c\u6743\u5229\u91d1\u6700\u540e\u90fd\u88ab\u65f6\u95f4\u8017\u635f\u4e86\uff0c\u8d62\u7684\u6982\u7387\u5f88\u4f4e\u3002<br \/>\n1.2\u3001\u88f8\u4e70\u671f\u6743\u8d4c\u65b9\u5411\u8fd1\u4f3c\u7b49\u4e8e\u753b\u4e86\u6761\u56fa\u5b9a\u6b62\u635f\u7ebf\u7684\u73b0\u8d27\u591a\u7a7a\u7b56\u7565\u3002\u76f8\u5f53\u4e8e\u5bf9\u6bd4\uff1a\u4ed8\u51fa\u7684\u6743\u5229\u91d1\u4e0e\u5728\u6b62\u635f\u7ebf\u4e0a\u4e0b\u53cd\u590d\u6b62\u635f\\\u5efa\u4ed3\u6d88\u8017\u7684\u6210\u672c\uff0c\u4e8c\u8005\u90a3\u4e2a\u66f4\u5408\u9002\u3002<br \/>\n1.3\u3001\u5bf9\u4e8e\u88f8\u4e70\u671f\u6743\u7684\u65b9\u5411\u6027\u4ea4\u6613\uff0c\u770b\u5bf9\u65b9\u5411\u5374\u8d54\u94b1\u7684\u4e3b\u8981\u4e24\u4e2a\u539f\u56e0\uff1a\u4e00\u662f\u65f6\u95f4\u6d88\u8017\u8fc7\u591a\u5bfc\u81f4\u65b9\u5411\u8fd0\u52a8\u5e26\u6765\u7684\u6536\u76ca\u62b5\u4e0d\u8fc7\u65f6\u95f4\u4ef7\u503c\u635f\u8017\uff0c\u4e8c\u662f\u9690\u542b\u6ce2\u52a8\u7387\u7684\u4e0b\u8dcc\u5bfc\u81f4\u7684\u6743\u5229\u91d1\u635f\u8017\u62b5\u6d88\u65b9\u5411\u8fd0\u52a8\u5e26\u6765\u7684\u6536\u76ca\u3002<\/p>\n<p>2\u3001\u88f8\u5356\u8ba4\u8d2d\uff08-Delta, -Gamma, +Theta, -Vega\uff09\uff1a\u98ce\u9669\u9ad8\uff0c\u52ff\u505a\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3758 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-call-out.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p>3\u3001\u88f8\u5356\u865a\u503c\u8ba4\u6cbd\uff08+Delta, -Gamma, +Theta, -Vega\uff09\uff1a\u503e\u5411\u7528\u4e8e\u5728\u5fc3\u4eea\u7684\u4ef7\u4f4d\u4e70\u5165\u6807\u7684\uff0c\u8fc7\u671f\u5219\u6536\u6743\u5229\u91d1\uff0c\u76f8\u5f53\u4e8e\u4e00\u4e2a\u6709\u65f6\u95f4\u6536\u76ca\u7684\u957f\u671f\u9650\u4ef7\u4e70\u5165\u5355\uff08\u9700\u51c6\u5907\u597d\u884c\u6743\u8d44\u91d1\uff09\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3760 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-out.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p>4\u3001\u88f8\u5356\u5b9e\u503c\u8ba4\u6cbd=\u5907\u5151\u5356\u51fa\u8ba4\u8d2d\uff08+Delta, -Gamma, +Theta, -Vega\uff09\uff1a\u76f8\u5f53\u4e8e\u6807\u7684ETF\u7684\u81ea\u5e26\u6b62\u76c8\u957f\u671f\u9650\u4ef7\u5356\u51fa\u5355\uff0c\u4e5f\u76f8\u5f53\u4e8e300\u80a1\u6307\u7684=\u5356\u51fa3\u4efd\u80a1\u6307\u8ba4\u6cbd\uff08\u67d0\u4ef7\u4f4d\uff09=\u4e70\u5165IF+3\u4efd\u5356\u51fa\u8ba4\u8d2d\uff08\u67d0\u4ef7\u4f4d\uff09<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3759 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/sell-put-in.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3756 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cover-call.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p>5\u3001\u725b\u5e02\u4ef7\u5dee\u6216\u718a\u5e02\u4ef7\u5dee\uff1a\u4e70\u4f4e\u5356\u9ad8\uff08\u770b\u6da8\uff09\u6216\u4e70\u9ad8\u5356\u4f4e\uff08\u770b\u8dcc\uff09\u3002\u6839\u636e\u5224\u65ad\u7684\u652f\u6491\u548c\u538b\u529b\uff0c\u6784\u5efa\u9002\u5b9c\u76c8\u4e8f\u6bd4\u7684\u5782\u76f4\u4ef7\u5dee\u3002\uff08\u8003\u8651\u662f\u5426\u6709\u7ec4\u5408\u4fdd\u8bc1\u91d1\uff09\u3002<br \/>\n5.1\u3001\u82e5\u9884\u671f\u6ce2\u52a8\u7387\u8d70\u5e73\u6216\u8005\u8d70\u4f4e\u65f6\uff0c\u7b56\u7565\u6267\u884c\u4e0a\u9664\u4fdd\u969cDelta\u4e3a\u6b63\u8d4c\u884c\u60c5\u5916\uff0c\u5c3d\u91cf\u63a7\u5236\u5934\u5bf8\u7684Theta\u4e3a\u6b63\u3001Vega\u4e3a\u8d1f\u4ee5\u83b7\u53d6\u65f6\u95f4\u6d88\u8017\u6536\u76ca\u4e0e\u6ce2\u52a8\u7387\u8d70\u4f4e\u6536\u76ca\uff1b\u6b64\u65f6\u53ef\u4ee5\u4e70\u5165\u5b9e\u503cCall\uff0c\u540c\u65f6\u5356\u51fa\u4e0e\u8be5\u5b9e\u503c\u7a0b\u5ea6\u76f8\u7b49\u6216\u8005\u66f4\u5c0f\u4e00\u4e9b\u7684\u865a\u503c\u7a0b\u5ea6\u7684Call\u6784\u5efa\u725b\u5e02\u5dee\u4ef7\u3002\u6784\u5efaDelta\u4e3a\u6b63\uff0cTheta\u8fd10\u6216\u6b63\u3001Vega\u8fd10\u6216\u8d1f\u7684\u725b\u5e02\u5dee\u4ef7\u7ec4\u5408\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3747 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-1.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n5.2\u3001\u957f\u671f\u591a\u5934\u725b\u5dee\uff1a\u4e70\u865a2\u6863\u8ba4\u6cbd+\u5356\u5b9e3\u6863\u8ba4\u6cbd\u7684\u725b\u5e02\u4ef7\u5dee\u865a\u5b9e\u5ea6\u7ea66%\uff08\u4e70\u5b9e2\u6863\u8ba4\u8d2d+\u5356\u865a3\u6863\u8ba4\u8d2d\uff09\uff1b\u7b49\u540c\u4e8e=\u73b0\u8d27+\u5907\u5151\u5356\u865a\u503c3\u6863\u8ba4\u8d2d\u589e\u5f3a+\u4e702\u6863\u865a\u8ba4\u6cbd\u4fdd\u9669\u7684\u9886\u53e3\u7b56\u7565\u3002\u6784\u5efaDelta\u4e3a\u6b63\uff0cTheta\u8fd10\uff0cVega\u8fd10\u6216\u6b63\u7684\u725b\u5e02\u5dee\u4ef7\u7ec4\u5408\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3748 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3749 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-1.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3750 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-2-2.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n5.3\u3001\u82e5\u9690\u6ce2\u548c\u884c\u60c5\u6b63\u76f8\u5173\u65f6\uff0c\u6295\u8d44\u8005\u9884\u671f\u4ef7\u683c\u6da8\u540c\u65f6\u6ce2\u52a8\u7387\u5c06\u8d70\u9ad8\u65f6\uff0c\u5219\u53ef\u4ee5\u63a7\u5236\u5934\u5bf8\u7684Vega\u4e3a\u6b63\u4ee5\u6536\u83b7\u6ce2\u52a8\u7387\u8d70\u9ad8\u589e\u5f3a\u6536\u76ca\uff1b\u6b64\u65f6\u53ef\u4ee5\u4e70\u5165\u5e73\u503c\/\u865a\u503cCall\uff0c\u540c\u65f6\u5356\u51fa\u9ad8\u4f4d\u7684\u865a\u503cCall\uff0c\u4ee5\u5f62\u6210Delta\u4e3a\u6b63\u3001Theta\u4e3a\u8d1f\u3001Vega\u4e3a\u6b63\u7684\u725b\u5e02\u5dee\u4ef7\u7ec4\u5408\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3751 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-3.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n5.4\u3001\u82e5\u65b9\u5411\u770b\u6da8\u4f46\u9690\u6ce2\u4e0d\u786e\u5b9a\u65f6\uff0c\u53ef\u4ee5\u63a7\u5236Vega\u8fd10\u4ee5\u63a7\u5236\u6ce2\u52a8\u7387\u655e\u53e3\u5e72\u6270\uff1b\u6b64\u65f6\u53ef\u4ee5\u4e70\u5165\u5356\u51fa\u5b9e\u503c\u7a0b\u5ea6\u548c\u865a\u503c\u7a0b\u5ea6\u5dee\u4e0d\u591a\u7684\u6863\u4f4d\uff0c\u6784\u5efaDelta\u4e3a\u6b63\uff0cTheta\u8fd10\uff0cVega\u8fd10\u7684\u7ec4\u5408\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3752 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/bull-call-4.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n6\u3001\u8ba4\u8d2d\u6bd4\u7387\u4ef7\u5dee\uff1a\u4e70\u5165\u884c\u6743\u4ef7\u8f83\u4f4e\u7684\u8ba4\u8d2d\u671f\u6743\uff0c\u7136\u540e\u5356\u51fa\u6570\u91cf\u66f4\u591a\u3001\u884c\u6743\u4ef7\u8f83\u9ad8\u7684\u8ba4\u8d2d\u671f\u6743\u3002\u5356\u51fa\u66f4\u591a\u6570\u91cf\u671f\u6743\u6240\u83b7\u5f97\u7684\u6536\u5165\uff0c\u62b5\u6d88\u4e70\u5165\u671f\u6743\u9700\u8981\u7684\u6210\u672c\u3002Theta\u4e3a\u6b63\u3001Vega\u4e3a\u8d1f\uff08\u7f13\u6162\u5c0f\u6da8\uff1b\u4e0b\u8dcc\u53cd\u5f39\u964d\u6ce2\uff09<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3754 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/call-ratio.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n7\u3001\u8ba4\u6cbd\u6bd4\u7387\u4ef7\u5dee\uff1a\u4e70\u5165\u884c\u6743\u4ef7\u8f83\u9ad8\u7684\u8ba4\u6cbd\u671f\u6743\uff0c\u7136\u540e\u5356\u51fa\u6570\u91cf\u66f4\u591a\u3001\u884c\u6743\u4ef7\u8f83\u4f4e\u7684\u8ba4\u6cbd\u671f\u6743\u3002\u5356\u51fa\u66f4\u591a\u6570\u91cf\u671f\u6743\u6240\u83b7\u5f97\u7684\u6536\u5165\uff0c\u62b5\u6d88\u4e70\u5165\u671f\u6743\u9700\u8981\u7684\u6210\u672c\u3002Theta\u4e3a\u6b63\u3001Vega\u4e3a\u8d1f\uff08\u7f13\u6162\u5c0f\u8dcc\uff1b\u4e0a\u6da8\u56de\u64a4\u964d\u6ce2\uff09<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3757 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/put-ratio.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\n8\u3001\u53cc\u5356\u5185\u4fa7\u4fdd\u62a4\uff08\u732b\u8033\u6735\uff09\uff1a\u5356\u591a\u6570\u91cf\u7684\u5bbd\u8de8+\u4e70\u5c11\u6570\u91cf\u7684\u7a84\u8de8=\u865a\u8ba4\u8d2d\u6bd4\u7387\u4ef7\u5dee+\u865a\u8ba4\u6cbd\u6bd4\u7387\u4ef7\u5dee\u3002\uff08\u4f4e\u9690\u6ce2\u65f6\u52ff\u5356\uff0c\u5546\u54c1\u671f\u6743\u52ff\u5356\uff09<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3755 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/cat-ear.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><strong>\u4e94\u3001\u53d1\u9e4fETF\u671f\u6743\u51e0\u7c7b\u6284\u5e95\u6015\u8dcc\u7ec4\u5408\uff08\u6458\u5f55\uff09\uff1a<\/strong><br \/>\na.\u4e2d\u671f\u884c\u60c5\uff0c\u88f8\u4e70\u8fdc\u6708\u8ba4\u8d2d\uff0c\u9690\u6ce2\u8981\u4e0d\u9ad8\uff0c\u65f6\u95f4\u6d88\u8017\u76f8\u5bf9\u6162\uff0c\u53ef\u5e73\u503cor\u7a0d\u865a\u503c\uff1b<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3764 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u88f8\u4e70\u8fdc\u6708call.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\nb.\u5356\u865a\u503c\u8ba4\u6cbd+\u4e70\u865a\u503c\u8ba4\u8d2d\u7ec4\u5408\uff0c\u57fa\u4e8e\u4e0b\u884c\u5230\u6781\u9650\u4f4d\u7f6e\u6e90\u4e8e\u5356\u6cbd\u4ea4\u5272\u62ff\u8d27\u7684\u601d\u8def\uff0c\u63a7\u5236Theta\u6d88\u8017\u6781\u5c0f\u53bb\u505a\u591a\uff1b<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3766 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u5356\u865a\u6cbd\u4e70\u865a\u8d2d.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\nc.\u5356\u8fd1\u6708\u4f4e\u8d2d+\u52a0\u500d\u4e70\u8fdc\u6708\u9ad8\u8d2d\u7ec4\u5408\uff08\u8de8\u671f\u8ba4\u8d2d\u53cd\u6bd4\u7387\u4ef7\u5dee\uff09\uff0c\u63a7\u5236Theta\u6d88\u8017\u6781\u5c0f\u7684\u60c5\u51b5\u4e0b\u505a\u591a\u6307\u6570\uff0c\u540c\u65f6\u7559\u51fa\u6b63Vega\uff0c\u4ee5\u53ca\u52a0\u901f\u4e0a\u884c\u7684\u6b63Gamma\uff0c\u770b\u6da8\u4e14\u9884\u671f\u53ef\u80fd\u52a0\u901f\u6da8\uff1b<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3763 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cd\u6bd4\u7387\u4ef7\u5dee.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\nd.\u4e70\u8fdc\u6708\u4f4e\u8d2d+\u5bf9\u7b49\u5356\u8fd1\u6708\u9ad8\u8d2d\u7684\u5bf9\u89d2\u4ef7\u5dee\uff0c\u63a7\u5236Theta\u6d88\u8017\u7684\u60c5\u51b5\u4e0b\u7559\u6b63Delta\uff0c\u540c\u65f6\u7559\u51fa\u6b63Vega\uff0c\u4f46\u4e0d\u770b\u6025\u6da8\u5927\u6da8\u6240\u4ee5\u7559\u4e0a\u884c\u7aef\u7684\u8d1fGamma\uff1b<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3765 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u4e70\u8fdc\u4f4e\u8d2d\u5356\u8fd1\u6708\u9ad8\u8d2d.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><br \/>\ne.\u4e70\u5b9e\u503c\u8ba4\u8d2d+\u4e70\u865a\u503c\u8ba4\u6cbd\u7ec4\u5408\uff0c\u5373\u7559\u521d\u59cb\u6b63\u655e\u53e3\u7684\u53cc\u4e70\uff0c\u6709\u505a\u591a\u60f3\u6cd5\uff0c\u4f46\u62c5\u5fc3\u539a\u5c3e\u98ce\u9669\u6bd4\u8f83\u591a\uff0c\u613f\u610f\u4ed8\u51fa\u4e00\u5b9aTheta\u6d88\u8017\u4e70\u4fdd\u62a4\u8d4c\u6da8\u3002<br \/>\n<a href=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3767 size-large\" src=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-1024x555.jpg\" alt=\"\" width=\"625\" height=\"339\" srcset=\"http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-1024x555.jpg 1024w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-300x163.jpg 300w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-768x416.jpg 768w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-1536x832.jpg 1536w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70-624x338.jpg 624w, http:\/\/101.37.83.176\/wp-content\/uploads\/2021\/10\/\u53cc\u4e70.jpg 1920w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><\/p>\n<p><strong>\u516d\u3001\u53d1\u9e4fETF\u671f\u6743\u957f\u6295\u725b\u5dee\u7b56\u7565\u57fa\u7840\u89c4\u5219<\/strong>\uff08\u6458\u5f55\uff09\uff1a<br \/>\na.2021\u5e744\u670828\u65e5\u4e3a\u8d77\u59cb\u65e5\uff0c\u521d\u59cb\u8d44\u91d1100w\uff0cETF\u671f\u6743\u4ea4\u6613\u6210\u672c3\u5143\/\u5f20\uff1b<br \/>\nb.\u524d\u5f53\u6708\u671f\u6743\u5408\u7ea6\u5230\u671f\u65e5\u5c3e\u76d8\uff0c\u6309\u7167\u5f53\u65e5ETF\u4ef7\u683c\u9009\u5b9a\u5b9e\u503c\u7a0b\u5ea66%\u9644\u8fd1\u7684\u8ba4\u8d2d\u671f\u6743\u4e70\u5165\u6301\u6709\uff0c\u76f4\u5230\u8be5\u5408\u7ea6\u5230\u671f\u6309\u540c\u6837\u89c4\u5219\u5207\u6362\u5230\u65b0\u5f53\u6708\u5408\u7ea6\uff1b<br \/>\nc.\u524d\u5f53\u6708\u671f\u6743\u5408\u7ea6\u5230\u671f\u65e5\u5c3e\u76d8\uff0c\u6309\u7167\u5f53\u65e5ETF\u4ef7\u683c\u9009\u5b9a\u865a\u503c\u7a0b\u5ea66%\u9644\u8fd1\u7684\u8ba4\u8d2d\u671f\u6743\u5356\u51fa\u6301\u6709\uff0c\u5f53ETF\u4ef7\u683c\u4e0a\u884c\/\u4e0b\u884c\u51fb\u7a7f\u6301\u6709\u5356\u8d2d\/\u4e70\u8d2d\u5408\u7ea6\u884c\u6743\u4ef7\u65f6\uff0c\u5e73\u4ed3\u8be5\u5408\u7ea6\uff0c\u5e76\u4ee5\u5f53\u65e5ETF\u4ef7\u683c\u91cd\u65b0\u9009\u865a\u503c\u7a0b\u5ea66%\u9644\u8fd1\u7684\u8ba4\u8d2d\u671f\u6743\u5356\u51fa\u6301\u6709\u76f4\u5230\u5408\u7ea6\u5230\u671f\uff1b\uff08\u8865\u5145\uff1a\u5982\u679c\u7b56\u7565\u6307\u5b9a\u7684\u865a\u8d2d\u4ef7\u683c\u592a\u4fbf\u5b9c\uff0c\u53ef\u4ee5\u4e3b\u89c2\u9009\u62e9\u653e\u5f03\u5356\u8d2d\uff09<br 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