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2021-02-23

Cool!

Why AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote>

2021-02-23

$American Airlines(AAL)$Fly!

2021-04-02

Better week ahead!

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2021-02-19

Cool

Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote>

2021-06-15

Nice

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2021-03-10

Cool

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2021-03-10

Cool

Verizon, AT&T, and T-Mobile All Host Investor Days This Week. Here’s What To Expect.<blockquote>威瑞森、美国电话电报公司和T-Mobile本周都举办了投资者日。以下是可以期待的。</blockquote>

2021-03-09

GT gogo

2021-02-27

Cool

抱歉，原内容已删除

2021-02-27

Cool

Gamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote>

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week ahead!","listText":"Better week ahead!","text":"Better week ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340990909","repostId":"1175312581","repostType":4,"isVote":1,"tweetType":1,"viewCount":2496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323785643,"gmtCreate":1615376535082,"gmtModify":1703488095601,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323785643","repostId":"2118644879","repostType":4,"repost":{"id":"2118644879","kind":"highlight","pubTimestamp":1615374385,"share":"https://www.laohunote.com/m/news/2118644879?lang=zh_CN&edition=full","pubTime":"2021-03-10 19:06","market":"us","language":"en","title":"Forget NIO and XPeng. This company and Tesla will be the top 2 electric-vehicle plays by 2025, says UBS<blockquote>忘了蔚来和小鹏吧。瑞银表示，到 2025 年，该公司和特斯拉将成为前两大电动汽车公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2118644879","media":"MarketWatch","summary":"Tesla leads in a few critical technical areas, including software and 'ruthless engineering'\nForget ","content":"<p>Tesla leads in a few critical technical areas, including software and 'ruthless engineering'</p><p><blockquote>特斯拉在一些关键技术领域处于领先地位，包括软件和“无情工程”</blockquote></p><p> Forget NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, XPeng <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a>, and other flashy electric-vehicle stocks, because within the next four years it will be Volkswagen competing with Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> for the crown of most EV sales globally, according to UBS.</p><p><blockquote>忘了蔚来吧<a href=\"https://laohu8.com/S/NIO\">$(蔚来)$</a>,小鹏<a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a>以及其他华丽的电动汽车股票，因为在未来四年内，大众汽车将与特斯拉竞争<a href=\"https://laohu8.com/S/TSLA\">$(特斯拉)$</a>根据瑞银的数据，它是全球电动汽车销量最多的国家。</blockquote></p><p> The Swiss bank recently increased its forecast for how quickly electric vehicles will be adopted, and is now predicting that EVs will penetrate 100% of the automobile market by 2040. That makes the battle to be the most dominant car maker worth hundreds of billions of dollars.</p><p><blockquote>这家瑞士银行最近提高了对电动汽车采用速度的预测，目前预测到 2040 年，电动汽车将渗透到 100% 的汽车市场。这使得争夺价值数千亿美元的最具主导地位的汽车制造商。</blockquote></p><p> UBS <a href=\"https://laohu8.com/S/UBS\">$(UBS)$</a> analysts said in a call with members of the media on Tuesday that they predict that, within the next few years, Tesla and Volkswagen will be the two global leaders in electric-vehicle sales. The analysts expect that Volkswagen will catch up with Tesla in terms of total volume of cars sold as soon as next year, when the two companies could each deliver around 1.2 million cars.</p><p><blockquote>瑞银<a href=\"https://laohu8.com/S/UBS\">$(瑞银)$</a>分析师周二在与媒体成员举行的看涨期权上表示，他们预测未来几年内，特斯拉和大众将成为全球电动汽车销售的两大领导者。分析师预计，大众汽车最快明年的汽车总销量将赶上特斯拉，届时两家公司各可交付约 120 万辆汽车。</blockquote></p><p> Volkswagen Group is a German automobile giant that owns brands including Audi, Porsche, Bentley, Bugatti, and Lamborghini. In the past year, the company has raced past Tesla to become the most dominant electric-vehicle group in Europe -- the world's largest EV market behind China. Volkswagen controls between 20% and 25% of the market share in this key region.</p><p><blockquote>大众汽车集团是一家德国汽车巨头，旗下品牌包括奥迪、保时捷、宾利、布加迪和兰博基尼。在过去的一年里，该公司已经超越特斯拉，成为欧洲最具主导地位的电动汽车集团——仅次于中国的全球最大电动汽车市场。大众汽车控制着这一关键地区20%至25%的市场份额。</blockquote></p><p> The German group also provides a model for legacy car makers looking to get into electric vehicles, with UBS calling Volkswagen the \"best EV transition story\" in the global auto manufacturing space.</p><p><blockquote>这家德国集团还为寻求进军电动汽车的传统汽车制造商提供了一个典范，瑞银称大众汽车是全球汽车制造领域“最好的电动汽车转型故事”。</blockquote></p><p> \"We think now is the time to be all-in as a car maker,\" said UBS analyst Patrick Hummel on Tuesday. \"It is about gaining scale as fast as possible, because scale is going to be a driver of profitability.\"</p><p><blockquote>瑞银分析师帕特里克·胡梅尔周二表示：“我们认为现在是全力以赴成为汽车制造商的时候了。”“这是为了尽快获得规模，因为规模将成为盈利能力的驱动力。”</blockquote></p><p> UBS predicts that, by 2025, there will be manufacturing cost parity between electric and nonelectric vehicles, compared with a $5,000 cost difference in 2020 for more-expensive EVs. The average operating margin for EVs should grow to 7% by that time, from 1% in 2020 -- which means that there will be margin parity between EVs and conventional cars within the next four years.</p><p><blockquote>瑞银预测，到 2025 年，电动汽车和非电动汽车的制造成本将持平，而 2020 年更昂贵的电动汽车的成本差异为 5,000 美元。届时，电动汽车的平均营业利润率将从 2020 年的 1% 增长至 7%，这意味着未来四年内电动汽车和传统汽车之间的利润率将持平。</blockquote></p><p> UBS analysts raised their target price for Volkswagen stock on Mar. 2 from EUR200 ($237) to EUR300. With the shares trading on Monday at around EUR191, the Swiss bank believes the stock has legs to climb 57% higher in the next 12 months.</p><p><blockquote>瑞银分析师于 3 月 2 日将大众汽车股票的目标价从 200 欧元（237 美元）上调至 300 欧元。由于该股周一交易价格约为 191 欧元，这家瑞士银行相信该股有能力在未来 12 个月内上涨 57%。</blockquote></p><p> The key area that Volkswagen leads Tesla on, according to UBS, is that it has the best scalable EV platform.</p><p><blockquote>瑞银表示，大众汽车领先特斯拉的关键领域是它拥有最好的可扩展电动汽车平台。</blockquote></p><p> \"We use the analogy from the tech space, calling Tesla the Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> of the future mobility space, because of an admired piece of hardware in combination with a cutting-edge software ecosystem,\" wrote Hummel and other analysts in a report on Mar. 2.</p><p><blockquote>“我们使用科技领域的类比，称特斯拉为苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>胡梅尔和其他分析师在 3 月 2 日的一份报告中写道：“由于一款备受推崇的硬件与尖端软件生态系统相结合，未来移动领域的发展势头尤为强劲。”</blockquote></p><p> \"Volkswagen is well positioned for a value proposition like Samsung -- a global brand trusted for its high-quality hardware, produced at scale. This won't get VW to Tesla's valuation spheres, in our view, but still offers significant upside from here,\" they added.</p><p><blockquote>“大众汽车在像三星这样的价值主张方面处于有利地位——三星是一个因其大规模生产的高质量硬件而值得信赖的全球品牌。我们认为，这不会让大众汽车达到特斯拉的估值范围，但仍然提供了巨大的上涨空间从这里开始，”他们补充道。</blockquote></p><p> Tesla still leads Volkswagen in a few critical technical areas, according to UBS. The most relevant lead for the long term is in software, but Tesla also beats out Volkswagen with its integrated electric powertrain, \"ruthless engineering,\" digitization, and autonomous driving features, said the UBS analysts.</p><p><blockquote>瑞银表示，特斯拉在一些关键技术领域仍然领先于大众汽车。瑞银分析师表示，从长远来看，最相关的领先优势是软件，但特斯拉也凭借其集成的电动动力系统、“无情工程”、数字化和自动驾驶功能击败了大众汽车。</blockquote></p><p></p>","source":"market_watch","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>Forget NIO and XPeng. This company and Tesla will be the top 2 electric-vehicle plays by 2025, says UBS<blockquote>忘了蔚来和小鹏吧。瑞银表示，到 2025 年，该公司和特斯拉将成为前两大电动汽车公司</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nForget NIO and XPeng. This company and Tesla will be the top 2 electric-vehicle plays by 2025, says UBS<blockquote>忘了蔚来和小鹏吧。瑞银表示，到 2025 年，该公司和特斯拉将成为前两大电动汽车公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-03-10 19:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla leads in a few critical technical areas, including software and 'ruthless engineering'</p><p><blockquote>特斯拉在一些关键技术领域处于领先地位，包括软件和“无情工程”</blockquote></p><p> Forget NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, XPeng <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a>, and other flashy electric-vehicle stocks, because within the next four years it will be Volkswagen competing with Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> for the crown of most EV sales globally, according to UBS.</p><p><blockquote>忘了蔚来吧<a href=\"https://laohu8.com/S/NIO\">$(蔚来)$</a>,小鹏<a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a>以及其他华丽的电动汽车股票，因为在未来四年内，大众汽车将与特斯拉竞争<a href=\"https://laohu8.com/S/TSLA\">$(特斯拉)$</a>根据瑞银的数据，它是全球电动汽车销量最多的国家。</blockquote></p><p> The Swiss bank recently increased its forecast for how quickly electric vehicles will be adopted, and is now predicting that EVs will penetrate 100% of the automobile market by 2040. That makes the battle to be the most dominant car maker worth hundreds of billions of dollars.</p><p><blockquote>这家瑞士银行最近提高了对电动汽车采用速度的预测，目前预测到 2040 年，电动汽车将渗透到 100% 的汽车市场。这使得争夺价值数千亿美元的最具主导地位的汽车制造商。</blockquote></p><p> UBS <a href=\"https://laohu8.com/S/UBS\">$(UBS)$</a> analysts said in a call with members of the media on Tuesday that they predict that, within the next few years, Tesla and Volkswagen will be the two global leaders in electric-vehicle sales. The analysts expect that Volkswagen will catch up with Tesla in terms of total volume of cars sold as soon as next year, when the two companies could each deliver around 1.2 million cars.</p><p><blockquote>瑞银<a href=\"https://laohu8.com/S/UBS\">$(瑞银)$</a>分析师周二在与媒体成员举行的看涨期权上表示，他们预测未来几年内，特斯拉和大众将成为全球电动汽车销售的两大领导者。分析师预计，大众汽车最快明年的汽车总销量将赶上特斯拉，届时两家公司各可交付约 120 万辆汽车。</blockquote></p><p> Volkswagen Group is a German automobile giant that owns brands including Audi, Porsche, Bentley, Bugatti, and Lamborghini. In the past year, the company has raced past Tesla to become the most dominant electric-vehicle group in Europe -- the world's largest EV market behind China. Volkswagen controls between 20% and 25% of the market share in this key region.</p><p><blockquote>大众汽车集团是一家德国汽车巨头，旗下品牌包括奥迪、保时捷、宾利、布加迪和兰博基尼。在过去的一年里，该公司已经超越特斯拉，成为欧洲最具主导地位的电动汽车集团——仅次于中国的全球最大电动汽车市场。大众汽车控制着这一关键地区20%至25%的市场份额。</blockquote></p><p> The German group also provides a model for legacy car makers looking to get into electric vehicles, with UBS calling Volkswagen the \"best EV transition story\" in the global auto manufacturing space.</p><p><blockquote>这家德国集团还为寻求进军电动汽车的传统汽车制造商提供了一个典范，瑞银称大众汽车是全球汽车制造领域“最好的电动汽车转型故事”。</blockquote></p><p> \"We think now is the time to be all-in as a car maker,\" said UBS analyst Patrick Hummel on Tuesday. \"It is about gaining scale as fast as possible, because scale is going to be a driver of profitability.\"</p><p><blockquote>瑞银分析师帕特里克·胡梅尔周二表示：“我们认为现在是全力以赴成为汽车制造商的时候了。”“这是为了尽快获得规模，因为规模将成为盈利能力的驱动力。”</blockquote></p><p> UBS predicts that, by 2025, there will be manufacturing cost parity between electric and nonelectric vehicles, compared with a $5,000 cost difference in 2020 for more-expensive EVs. The average operating margin for EVs should grow to 7% by that time, from 1% in 2020 -- which means that there will be margin parity between EVs and conventional cars within the next four years.</p><p><blockquote>瑞银预测，到 2025 年，电动汽车和非电动汽车的制造成本将持平，而 2020 年更昂贵的电动汽车的成本差异为 5,000 美元。届时，电动汽车的平均营业利润率将从 2020 年的 1% 增长至 7%，这意味着未来四年内电动汽车和传统汽车之间的利润率将持平。</blockquote></p><p> UBS analysts raised their target price for Volkswagen stock on Mar. 2 from EUR200 ($237) to EUR300. With the shares trading on Monday at around EUR191, the Swiss bank believes the stock has legs to climb 57% higher in the next 12 months.</p><p><blockquote>瑞银分析师于 3 月 2 日将大众汽车股票的目标价从 200 欧元（237 美元）上调至 300 欧元。由于该股周一交易价格约为 191 欧元，这家瑞士银行相信该股有能力在未来 12 个月内上涨 57%。</blockquote></p><p> The key area that Volkswagen leads Tesla on, according to UBS, is that it has the best scalable EV platform.</p><p><blockquote>瑞银表示，大众汽车领先特斯拉的关键领域是它拥有最好的可扩展电动汽车平台。</blockquote></p><p> \"We use the analogy from the tech space, calling Tesla the Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> of the future mobility space, because of an admired piece of hardware in combination with a cutting-edge software ecosystem,\" wrote Hummel and other analysts in a report on Mar. 2.</p><p><blockquote>“我们使用科技领域的类比，称特斯拉为苹果<a href=\"https://laohu8.com/S/AAPL\">$(苹果)$</a>胡梅尔和其他分析师在 3 月 2 日的一份报告中写道：“由于一款备受推崇的硬件与尖端软件生态系统相结合，未来移动领域的发展势头尤为强劲。”</blockquote></p><p> \"Volkswagen is well positioned for a value proposition like Samsung -- a global brand trusted for its high-quality hardware, produced at scale. This won't get VW to Tesla's valuation spheres, in our view, but still offers significant upside from here,\" they added.</p><p><blockquote>“大众汽车在像三星这样的价值主张方面处于有利地位——三星是一个因其大规模生产的高质量硬件而值得信赖的全球品牌。我们认为，这不会让大众汽车达到特斯拉的估值范围，但仍然提供了巨大的上涨空间从这里开始，”他们补充道。</blockquote></p><p> Tesla still leads Volkswagen in a few critical technical areas, according to UBS. The most relevant lead for the long term is in software, but Tesla also beats out Volkswagen with its integrated electric powertrain, \"ruthless engineering,\" digitization, and autonomous driving features, said the UBS analysts.</p><p><blockquote>瑞银表示，特斯拉在一些关键技术领域仍然领先于大众汽车。瑞银分析师表示，从长远来看，最相关的领先优势是软件，但特斯拉也凭借其集成的电动动力系统、“无情工程”、数字化和自动驾驶功能击败了大众汽车。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/forget-nio-and-xpeng-this-company-and-tesla-will-be-the-top-2-electric-vehicle-plays-by-2025-says-ubs-11615306959?siteid=yhoof2\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","XPEV":"小鹏集团","USB":"美国合众银行","VLKAY":"大众汽车","TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/forget-nio-and-xpeng-this-company-and-tesla-will-be-the-top-2-electric-vehicle-plays-by-2025-says-ubs-11615306959?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"2118644879","content_text":"Tesla leads in a few critical technical areas, including software and 'ruthless engineering'\nForget NIO $(NIO)$, XPeng $(XPEV)$, and other flashy electric-vehicle stocks, because within the next four years it will be Volkswagen competing with Tesla $(TSLA)$ for the crown of most EV sales globally, according to UBS.\nThe Swiss bank recently increased its forecast for how quickly electric vehicles will be adopted, and is now predicting that EVs will penetrate 100% of the automobile market by 2040. That makes the battle to be the most dominant car maker worth hundreds of billions of dollars.\nUBS $(UBS)$ analysts said in a call with members of the media on Tuesday that they predict that, within the next few years, Tesla and Volkswagen will be the two global leaders in electric-vehicle sales. The analysts expect that Volkswagen will catch up with Tesla in terms of total volume of cars sold as soon as next year, when the two companies could each deliver around 1.2 million cars.\nVolkswagen Group is a German automobile giant that owns brands including Audi, Porsche, Bentley, Bugatti, and Lamborghini. In the past year, the company has raced past Tesla to become the most dominant electric-vehicle group in Europe -- the world's largest EV market behind China. Volkswagen controls between 20% and 25% of the market share in this key region.\nThe German group also provides a model for legacy car makers looking to get into electric vehicles, with UBS calling Volkswagen the \"best EV transition story\" in the global auto manufacturing space.\n\"We think now is the time to be all-in as a car maker,\" said UBS analyst Patrick Hummel on Tuesday. \"It is about gaining scale as fast as possible, because scale is going to be a driver of profitability.\"\nUBS predicts that, by 2025, there will be manufacturing cost parity between electric and nonelectric vehicles, compared with a $5,000 cost difference in 2020 for more-expensive EVs. The average operating margin for EVs should grow to 7% by that time, from 1% in 2020 -- which means that there will be margin parity between EVs and conventional cars within the next four years.\nUBS analysts raised their target price for Volkswagen stock on Mar. 2 from EUR200 ($237) to EUR300. With the shares trading on Monday at around EUR191, the Swiss bank believes the stock has legs to climb 57% higher in the next 12 months.\nThe key area that Volkswagen leads Tesla on, according to UBS, is that it has the best scalable EV platform.\n\"We use the analogy from the tech space, calling Tesla the Apple $(AAPL)$ of the future mobility space, because of an admired piece of hardware in combination with a cutting-edge software ecosystem,\" wrote Hummel and other analysts in a report on Mar. 2.\n\"Volkswagen is well positioned for a value proposition like Samsung -- a global brand trusted for its high-quality hardware, produced at scale. This won't get VW to Tesla's valuation spheres, in our view, but still offers significant upside from here,\" they added.\nTesla still leads Volkswagen in a few critical technical areas, according to UBS. The most relevant lead for the long term is in software, but Tesla also beats out Volkswagen with its integrated electric powertrain, \"ruthless engineering,\" digitization, and autonomous driving features, said the UBS analysts.","news_type":1,"symbols_score_info":{"USB":0.9,"TSLA":0.9,"NIO":0.9,"VLKAY":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":1499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323785008,"gmtCreate":1615376514904,"gmtModify":1703488095081,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323785008","repostId":"1135675667","repostType":4,"isVote":1,"tweetType":1,"viewCount":1518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329410292,"gmtCreate":1615267425716,"gmtModify":1703486499385,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"GT gogo","listText":"GT gogo","text":"GT gogo","images":[{"img":"https://static.tigerbbs.com/1c2b099cb714fc38da51115175ba2b5c","width":"1080","height":"2738"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329410292","isVote":1,"tweetType":1,"viewCount":1470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":366398814,"gmtCreate":1614391020238,"gmtModify":1703477211175,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366398814","repostId":"2114024883","repostType":2,"repost":{"id":"2114024883","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614379930,"share":"https://www.laohunote.com/m/news/2114024883?lang=zh_CN&edition=full","pubTime":"2021-02-27 06:52","market":"us","language":"en","title":"BRIEF-AMC Entertainment Says Approved Supplemental Special Incentive Cash Bonuses In Lieu Of Any Payments<blockquote>简报-AMC院线表示批准补充特别激励现金奖金代替任何付款</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2114024883","media":"Reuters","summary":"Feb 26 (Reuters) - AMC Entertainment Holdings Inc   :   * AMC ENTERTAINMENT - ON FEB 23, APPROVED SU","content":"<p><html><body>Feb 26 (Reuters) - AMC Entertainment Holdings Inc   :</p><p><blockquote><html><body>2 月 26 日（路透社） - AMC院线控股公司：</body></html></blockquote></p><p>   * AMC ENTERTAINMENT - ON FEB 23, APPROVED SUPPLEMENTAL SPECIAL INCENTIVE CASH BONUSES IN LIEU OF ANY PAYMENTS UNDER ITS 2020 ANNUAL INCENTIVE PLAN</p><p><blockquote>* AMC院线 - 2月23日批准补充特别奖励现金奖金，以代替其2020年度奖励计划下的任何款项</blockquote></p><p>   * AMC ENTERTAINMENT - BONUSES WILL BE PAID TO ELIGIBLE EMPLOYEES, INCLUDING NEOS, CORPORATE ASSOCIATES &amp; THEATRE MANAGEMENT FROM ABOUT $8.3 MILLION POOL</p><p><blockquote>* AMC院线 - 将从约 830 万美元的资金中向符合条件的员工支付奖金，包括 NEOS、CORPORATE ASSOCIATES 和 THEATRE MANAGEMENT</blockquote></p><p>   * AMC ENTERTAINMENT - BONUSES ARE IN ADDITION TO INITIAL SPECIAL INCENTIVE BONUSES AWARDED IN OCTOBER 2020</p><p><blockquote>* AMC院线 - 除于2020年10月发放的初始特别奖励花红外，其他花红</blockquote></p><p>   * AMC ENTERTAINMENT - BONUS APPROVED FOR CEO ADAM ARON IS $3.8 MILLION</p><p><blockquote>* AMC院线 - 首席执行官 ADAM ARON 批准的奖金为 380 万美元</blockquote></p><p>Source text: [ Further company coverage:   </p><p><blockquote>源文本：[更多公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","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>BRIEF-AMC Entertainment Says Approved Supplemental Special Incentive Cash Bonuses In Lieu Of Any Payments<blockquote>简报-AMC院线表示批准补充特别激励现金奖金代替任何付款</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nBRIEF-AMC Entertainment Says Approved Supplemental Special Incentive Cash Bonuses In Lieu Of Any Payments<blockquote>简报-AMC院线表示批准补充特别激励现金奖金代替任何付款</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-02-27 06:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Feb 26 (Reuters) - AMC Entertainment Holdings Inc   :</p><p><blockquote><html><body>2 月 26 日（路透社） - AMC院线控股公司：</body></html></blockquote></p><p>   * AMC ENTERTAINMENT - ON FEB 23, APPROVED SUPPLEMENTAL SPECIAL INCENTIVE CASH BONUSES IN LIEU OF ANY PAYMENTS UNDER ITS 2020 ANNUAL INCENTIVE PLAN</p><p><blockquote>* AMC院线 - 2月23日批准补充特别奖励现金奖金，以代替其2020年度奖励计划下的任何款项</blockquote></p><p>   * AMC ENTERTAINMENT - BONUSES WILL BE PAID TO ELIGIBLE EMPLOYEES, INCLUDING NEOS, CORPORATE ASSOCIATES &amp; THEATRE MANAGEMENT FROM ABOUT $8.3 MILLION POOL</p><p><blockquote>* AMC院线 - 将从约 830 万美元的资金中向符合条件的员工支付奖金，包括 NEOS、CORPORATE ASSOCIATES 和 THEATRE MANAGEMENT</blockquote></p><p>   * AMC ENTERTAINMENT - BONUSES ARE IN ADDITION TO INITIAL SPECIAL INCENTIVE BONUSES AWARDED IN OCTOBER 2020</p><p><blockquote>* AMC院线 - 除于2020年10月发放的初始特别奖励花红外，其他花红</blockquote></p><p>   * AMC ENTERTAINMENT - BONUS APPROVED FOR CEO ADAM ARON IS $3.8 MILLION</p><p><blockquote>* AMC院线 - 首席执行官 ADAM ARON 批准的奖金为 380 万美元</blockquote></p><p>Source text: [ Further company coverage:   </p><p><blockquote>源文本：[更多公司报道：</blockquote></p><p> ((Reuters.Briefs@thomsonreuters.com;))</p><p><blockquote>((Reuters.Briefs@thomsonreuters.com;))</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2114024883","content_text":"Feb 26 (Reuters) - AMC Entertainment Holdings Inc   :   * AMC ENTERTAINMENT - ON FEB 23, APPROVED SUPPLEMENTAL SPECIAL INCENTIVE CASH BONUSES IN LIEU OF ANY PAYMENTS UNDER ITS 2020 ANNUAL INCENTIVE PLAN   * AMC ENTERTAINMENT - BONUSES WILL BE PAID TO ELIGIBLE EMPLOYEES, INCLUDING NEOS, CORPORATE ASSOCIATES & THEATRE MANAGEMENT FROM ABOUT $8.3 MILLION POOL   * AMC ENTERTAINMENT - BONUSES ARE IN ADDITION TO INITIAL SPECIAL INCENTIVE BONUSES AWARDED IN OCTOBER 2020   * AMC ENTERTAINMENT - BONUS APPROVED FOR CEO ADAM ARON IS $3.8 MILLIONSource text: [ Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366391351,"gmtCreate":1614390912873,"gmtModify":1703477209273,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366391351","repostId":"1146313632","repostType":4,"repost":{"id":"1146313632","kind":"news","pubTimestamp":1614334339,"share":"https://www.laohunote.com/m/news/1146313632?lang=zh_CN&edition=full","pubTime":"2021-02-26 18:12","market":"us","language":"en","title":"Gamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146313632","media":"Options AI: Learn","summary":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from ","content":"<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><p><blockquote><b>游戏驿站公司</b>过去几天股价飙升，该股一度较上周上涨近 200%（但仍较最近的空头挤压高点大幅下跌）。我们将研究像游戏驿站这样高波动性股票的期权中出现的独特情况，以及在交易期权之前可能需要考虑的一些事情。</blockquote></p><p><hr><b>Gamestop: The Expected Move</b></p><p><blockquote><hr/><b>游戏驿站：预期之举</b></blockquote></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><blockquote>首先，看看期权如何为即将到来的走势定价。这是游戏驿站的期权 AI 预期走势图，截至本周五收盘，预计将上涨近 30%。下个月的定价约为 80%。包含盈利事件的月份（未经确认）：</blockquote></p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Gamestop: Call Spreads vs Outright Calls</p><p><blockquote>游戏驿站：看涨期权价差 vs 彻底评级</blockquote></p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p><blockquote>以 3 月 19 日为到期日，我们首先查看看涨价差，并直接与直接评级进行比较。对于像游戏驿站这样波动性很大的股票，评级的股价可能会很昂贵。正因为如此，许多交易者诉诸购买远远超出资金评级。对上行评级的需求增加了这些评级的波动性，使它们相对于平价评级变得昂贵——这种现象被称为倾斜。然而，对于那些看涨的人来说，这可能会创造一个利用价差而不是直接购买看涨期权的机会。让我们看看怎么做。</blockquote></p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p><blockquote>在这里，我们将重点关注一种替代方案——使用借方利差来降低定向交易的总成本（同时通过降低盈亏平衡水平来提高交易本身的盈利概率）。它通过出售那些相对昂贵的平价评级来帮助购买更接近平价的看涨期权来做到这一点。</blockquote></p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p><blockquote>游戏驿站接近 105 美元，<b>3月19日110/190借方看涨期权利差</b>约为 15 美元，目标是 3 月 19 日的看涨预期走势。借方看涨期权利差需要股票在 3 月 19 日高于 125 美元才能盈利。</blockquote></p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><blockquote>相比之下，GME 3月19日200评级的交易价格为29美元。这几乎是 200 看涨期权成本的两倍，前者需要在 3 月 19 日之前股票价格高于 229 美元……而看涨期权价差则需要股票价格高于 125 美元。以下是期权人工智能图表上这两笔交易的并排比较。首先，200 看涨期权：</blockquote></p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>And next, the 145/200 debit call spread:</p><p><blockquote>接下来，145/200借方看涨期权价差：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p><blockquote>正如您所看到的，不仅看涨期权价差更便宜，而且上行盈利的点更接近股票当前的交易位置。（如盈亏平衡的灰色价格所示。）</blockquote></p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p><blockquote>关于盈利概率的注释。这些交易显示的利润概率是基于分配给交易盈亏平衡点的增量。105 美元股票中 200 看涨期权的交易价格接近 50 个三角洲，这一事实表明游戏驿站波动性对其期权（难以借入、扭曲、散户对价外评级的需求）产生了多么扭曲的影响。</blockquote></p><p>Directional Butterflies vs Outright Puts</p><p><blockquote>定向蝴蝶与直接看跌期权</blockquote></p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p><blockquote>高波动性也会影响看跌期权交易。像游戏驿站这样的高波动性股票的一个反直觉方面是，其隐含波动性可能会随着股价上涨而上升，随着股价下跌而下降。这与我们通常对波动性的看法相反。因此，随着股价下跌，购买直接看跌期权存在波动性暴跌（因此溢价暴跌）的风险。因此，即使股票朝着预期的方向移动，作为期权持有者，您也可能无法实现预期的收益。</blockquote></p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p><blockquote>对抗股票高隐含波动性的一种方法，尤其是在持有看跌观点的情况下，就是成为期权费的净卖家。卖给看涨期权交易者，而不是加入看跌期权交易者。传统上，这可能采取出售信用看涨期权利差的形式。但就 GME 而言，这意味着以比更接近资金的看涨期权更高的波动性购买（昂贵的）上行看涨期权（如上所述）。</blockquote></p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p><blockquote>因此，交易者可以考虑的一种期权策略是使用蝴蝶。一种更典型地与中性交易观点相关的期权交易，但在这里适应于实际创建一个有针对性的（看跌）方向观点。</blockquote></p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><blockquote>例如，这里有一个蝴蝶，其中心打击集中在 80 美元的股票上，3 月 19 日到期：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p><p><blockquote>这种130/80/30的蝴蝶有115和45的盈亏平衡点，这意味着如果股票在3月19日到期时介于这两个价格之间，交易是有利可图的……如果股票处于或接近80美元，则会出现最大收益。它具有空头溢价的额外动力，如果股票保持在其范围内，如果隐含波动性被压缩，市场将获得上涨。</blockquote></p><p></p>","source":"lsy1614334070724","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>Gamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nGamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Options AI: Learn</strong><span class=\"h-time small\">2021-02-26 18:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><p><blockquote><b>游戏驿站公司</b>过去几天股价飙升，该股一度较上周上涨近 200%（但仍较最近的空头挤压高点大幅下跌）。我们将研究像游戏驿站这样高波动性股票的期权中出现的独特情况，以及在交易期权之前可能需要考虑的一些事情。</blockquote></p><p><hr><b>Gamestop: The Expected Move</b></p><p><blockquote><hr/><b>游戏驿站：预期之举</b></blockquote></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><blockquote>首先，看看期权如何为即将到来的走势定价。这是游戏驿站的期权 AI 预期走势图，截至本周五收盘，预计将上涨近 30%。下个月的定价约为 80%。包含盈利事件的月份（未经确认）：</blockquote></p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Gamestop: Call Spreads vs Outright Calls</p><p><blockquote>游戏驿站：看涨期权价差 vs 彻底评级</blockquote></p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p><blockquote>以 3 月 19 日为到期日，我们首先查看看涨价差，并直接与直接评级进行比较。对于像游戏驿站这样波动性很大的股票，评级的股价可能会很昂贵。正因为如此，许多交易者诉诸购买远远超出资金评级。对上行评级的需求增加了这些评级的波动性，使它们相对于平价评级变得昂贵——这种现象被称为倾斜。然而，对于那些看涨的人来说，这可能会创造一个利用价差而不是直接购买看涨期权的机会。让我们看看怎么做。</blockquote></p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p><blockquote>在这里，我们将重点关注一种替代方案——使用借方利差来降低定向交易的总成本（同时通过降低盈亏平衡水平来提高交易本身的盈利概率）。它通过出售那些相对昂贵的平价评级来帮助购买更接近平价的看涨期权来做到这一点。</blockquote></p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p><blockquote>游戏驿站接近 105 美元，<b>3月19日110/190借方看涨期权利差</b>约为 15 美元，目标是 3 月 19 日的看涨预期走势。借方看涨期权利差需要股票在 3 月 19 日高于 125 美元才能盈利。</blockquote></p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><blockquote>相比之下，GME 3月19日200评级的交易价格为29美元。这几乎是 200 看涨期权成本的两倍，前者需要在 3 月 19 日之前股票价格高于 229 美元……而看涨期权价差则需要股票价格高于 125 美元。以下是期权人工智能图表上这两笔交易的并排比较。首先，200 看涨期权：</blockquote></p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>And next, the 145/200 debit call spread:</p><p><blockquote>接下来，145/200借方看涨期权价差：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p><blockquote>正如您所看到的，不仅看涨期权价差更便宜，而且上行盈利的点更接近股票当前的交易位置。（如盈亏平衡的灰色价格所示。）</blockquote></p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p><blockquote>关于盈利概率的注释。这些交易显示的利润概率是基于分配给交易盈亏平衡点的增量。105 美元股票中 200 看涨期权的交易价格接近 50 个三角洲，这一事实表明游戏驿站波动性对其期权（难以借入、扭曲、散户对价外评级的需求）产生了多么扭曲的影响。</blockquote></p><p>Directional Butterflies vs Outright Puts</p><p><blockquote>定向蝴蝶与直接看跌期权</blockquote></p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p><blockquote>高波动性也会影响看跌期权交易。像游戏驿站这样的高波动性股票的一个反直觉方面是，其隐含波动性可能会随着股价上涨而上升，随着股价下跌而下降。这与我们通常对波动性的看法相反。因此，随着股价下跌，购买直接看跌期权存在波动性暴跌（因此溢价暴跌）的风险。因此，即使股票朝着预期的方向移动，作为期权持有者，您也可能无法实现预期的收益。</blockquote></p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p><blockquote>对抗股票高隐含波动性的一种方法，尤其是在持有看跌观点的情况下，就是成为期权费的净卖家。卖给看涨期权交易者，而不是加入看跌期权交易者。传统上，这可能采取出售信用看涨期权利差的形式。但就 GME 而言，这意味着以比更接近资金的看涨期权更高的波动性购买（昂贵的）上行看涨期权（如上所述）。</blockquote></p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p><blockquote>因此，交易者可以考虑的一种期权策略是使用蝴蝶。一种更典型地与中性交易观点相关的期权交易，但在这里适应于实际创建一个有针对性的（看跌）方向观点。</blockquote></p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><blockquote>例如，这里有一个蝴蝶，其中心打击集中在 80 美元的股票上，3 月 19 日到期：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p><p><blockquote>这种130/80/30的蝴蝶有115和45的盈亏平衡点，这意味着如果股票在3月19日到期时介于这两个价格之间，交易是有利可图的……如果股票处于或接近80美元，则会出现最大收益。它具有空头溢价的额外动力，如果股票保持在其范围内，如果隐含波动性被压缩，市场将获得上涨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://learn.optionsai.com/gamestop-and-high-volatility-options/\">Options AI: Learn</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://learn.optionsai.com/gamestop-and-high-volatility-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146313632","content_text":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.Gamestop: The Expected MoveFirst, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):Gamestop: Call Spreads vs Outright CallsUsing March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.With Gamestop near $105, the March 19th 110/190 Debit Call Spread is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:And next, the 145/200 debit call spread:As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).Directional Butterflies vs Outright PutsHigh volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361216898,"gmtCreate":1614237739414,"gmtModify":1634550543906,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Long term hold!","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Long term hold!","text":"$American Airlines(AAL)$Long term hold!","images":[{"img":"https://static.tigerbbs.com/0299514c773f65d5e8aa16c65226561d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361216898","isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361216320,"gmtCreate":1614237698360,"gmtModify":1634550544027,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool//<a href=\"https://laohu8.com/U/3570594690341208\">@Anslyy</a>: To the moon","listText":"Cool//<a href=\"https://laohu8.com/U/3570594690341208\">@Anslyy</a>: To the moon","text":"Cool//@Anslyy: To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361216320","repostId":"1116750750","repostType":4,"isVote":1,"tweetType":1,"viewCount":955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361218419,"gmtCreate":1614237634631,"gmtModify":1634550544389,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361218419","repostId":"1116750750","repostType":4,"isVote":1,"tweetType":1,"viewCount":1363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361601251,"gmtCreate":1614225372373,"gmtModify":1634550614190,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[{"img":"https://static.tigerbbs.com/d60f267defa06853db1d468fd8c3bc87","width":"1080","height":"2009"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361601251","isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":363615313,"gmtCreate":1614133405832,"gmtModify":1634551052093,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"[嘘]&nbsp;[嘘]&nbsp;","listText":"[嘘]&nbsp;[嘘]&nbsp;","text":"[嘘] [嘘]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363615313","repostId":"2113355451","repostType":4,"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":363616206,"gmtCreate":1614133263305,"gmtModify":1634551052823,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363616206","repostId":"2113435349","repostType":2,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369271287,"gmtCreate":1614053500549,"gmtModify":1634551382209,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Fly!","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Fly!","text":"$American Airlines(AAL)$Fly!","images":[{"img":"https://static.tigerbbs.com/07e60eec7db46c8c2f8d82c0d1e355ec","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369271287","isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":369271961,"gmtCreate":1614053431053,"gmtModify":1634551382453,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"To fly!","listText":"To fly!","text":"To fly!","images":[{"img":"https://static.tigerbbs.com/5cdc6277a0cae6a70f4f2778c7275a2d","width":"1080","height":"2009"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369271961","isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":369273079,"gmtCreate":1614053188491,"gmtModify":1634551383396,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369273079","repostId":"1122871036","repostType":4,"repost":{"id":"1122871036","kind":"news","pubTimestamp":1614052907,"share":"https://www.laohunote.com/m/news/1122871036?lang=zh_CN&edition=full","pubTime":"2021-02-23 12:01","market":"us","language":"en","title":"Why AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122871036","media":"Motley Fool ","summary":"The theater chain is set to resume operations in a major market.\nWhat happened\nShares of AMC Enterta","content":"<p>The theater chain is set to resume operations in a major market.</p><p><blockquote>这家连锁影院将在一个主要市场恢复运营。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.</p><p><blockquote>股份<b>AMC院线</b>（纽约证券交易所股票代码：AMC）周一上涨 14.9%，此前州长安德鲁·科莫表示纽约市电影院可能于 3 月 5 日重新开放。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> New York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.</p><p><blockquote>纽约的重新开放计划有一些规定。影院可以以25%的容量运营，而每个屏幕最多只能容纳50人。科莫说：“分配座位、社交距离和其他健康预防措施将到位。”</blockquote></p><p> Still,investors&nbsp;cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.</p><p><blockquote>尽管如此，投资者对这一消息欢欣鼓舞，这是理所当然的。对于陷入困境的连锁电影院来说，能够再次在一个主要市场运营其场馆无疑是一个积极因素。AMC迅速行动，抓住机遇。</blockquote></p><p> AMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.</p><p><blockquote>AMC表示，将从3月5日开始重新开放纽约市的所有13家影院。AMC 首席执行官亚当·阿伦 (Adam Aron) 在一份新闻稿中表示：“科莫州长宣布纽约市的电影院可以在三月的第一周重新开放，这是恢复电影院行业和我们公司健康的又一重要步骤。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> AMC will implement new health and safety procedures that it developed in collaboration with&nbsp;<b>Clorox</b>&nbsp;and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.</p><p><blockquote>AMC 将实施其与以下机构合作开发的新健康和安全程序<b>高乐氏</b>和哈佛大学。这些措施包括社交距离措施、强制戴口罩、升级空气过滤系统和加大消毒力度。</blockquote></p><p> However, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.</p><p><blockquote>然而，虽然有必要，但这些程序的成本可能会影响 AMC 的盈利能力。在冠状病毒疫情期间，人们是会匆忙回到电影院，还是只是在自己舒适安全的家中看电影，还有待观察。尽管开放更多影院的机会是迈向潜在复苏的一步，但 AMC 的股票仍然是一项高风险投资。</blockquote></p><p></p>","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>Why AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool </strong><span class=\"h-time small\">2021-02-23 12:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The theater chain is set to resume operations in a major market.</p><p><blockquote>这家连锁影院将在一个主要市场恢复运营。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.</p><p><blockquote>股份<b>AMC院线</b>（纽约证券交易所股票代码：AMC）周一上涨 14.9%，此前州长安德鲁·科莫表示纽约市电影院可能于 3 月 5 日重新开放。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> New York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.</p><p><blockquote>纽约的重新开放计划有一些规定。影院可以以25%的容量运营，而每个屏幕最多只能容纳50人。科莫说：“分配座位、社交距离和其他健康预防措施将到位。”</blockquote></p><p> Still,investors&nbsp;cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.</p><p><blockquote>尽管如此，投资者对这一消息欢欣鼓舞，这是理所当然的。对于陷入困境的连锁电影院来说，能够再次在一个主要市场运营其场馆无疑是一个积极因素。AMC迅速行动，抓住机遇。</blockquote></p><p> AMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.</p><p><blockquote>AMC表示，将从3月5日开始重新开放纽约市的所有13家影院。AMC 首席执行官亚当·阿伦 (Adam Aron) 在一份新闻稿中表示：“科莫州长宣布纽约市的电影院可以在三月的第一周重新开放，这是恢复电影院行业和我们公司健康的又一重要步骤。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> AMC will implement new health and safety procedures that it developed in collaboration with&nbsp;<b>Clorox</b>&nbsp;and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.</p><p><blockquote>AMC 将实施其与以下机构合作开发的新健康和安全程序<b>高乐氏</b>和哈佛大学。这些措施包括社交距离措施、强制戴口罩、升级空气过滤系统和加大消毒力度。</blockquote></p><p> However, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.</p><p><blockquote>然而，虽然有必要，但这些程序的成本可能会影响 AMC 的盈利能力。在冠状病毒疫情期间，人们是会匆忙回到电影院，还是只是在自己舒适安全的家中看电影，还有待观察。尽管开放更多影院的机会是迈向潜在复苏的一步，但 AMC 的股票仍然是一项高风险投资。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/02/22/why-amc-stock-soared-today/\">Motley Fool </a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/02/22/why-amc-stock-soared-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122871036","content_text":"The theater chain is set to resume operations in a major market.\nWhat happened\nShares of AMC Entertainment (NYSE:AMC) jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.\nSo what\nNew York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.\nStill,investors cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.\nAMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.\nNow what\nAMC will implement new health and safety procedures that it developed in collaboration with Clorox and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.\nHowever, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360627062,"gmtCreate":1613910398756,"gmtModify":1634551886208,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360627062","repostId":"2112818179","repostType":4,"isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387722475,"gmtCreate":1613788659297,"gmtModify":1634552228455,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387722475","repostId":"1100960455","repostType":4,"repost":{"id":"1100960455","kind":"news","pubTimestamp":1613717993,"share":"https://www.laohunote.com/m/news/1100960455?lang=zh_CN&edition=full","pubTime":"2021-02-19 14:59","market":"us","language":"en","title":"Palantir: Buy The Dip<blockquote>Palantir：逢低买入</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100960455","media":"Seeking Alpha","summary":"Summary\n\nPalantir posted solid revenue, but missed on earnings. The future forecast was a bit disapp","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Palantir posted solid revenue, but missed on earnings. The future forecast was a bit disappointing.</li>  <li>Palantir is expecting 30% year-over-year revenue growth after posting 47% growth for 2020.</li>  <li>Palantir continues to grow its client base across multiple industries.</li>  <li>Palantir's lock-up period ends on February 19th. Place your bets!</li> </ul> One of the hotter stocks as of late is recent Direct Listing, Palantir Technologies Inc. (PLTR). Some investors were expecting the company was expected to release blowout earnings today and fell short of that. The company did post incredible revenue growth, and the path forward looks bright as well. However, investors were disappointed with just how bright that picture is according to the company. The stock is falling leading up to the end of the lock-up period as expected. Next week will tell a better story as to where this stock is headed. If you are feeling risky, jump aboard.</p><p><blockquote><ul><li>Palantir 公布了稳健的收入，但未能实现盈利。未来的预测有点令人失望。</li><li>Palantir 预计在 2020 年收入增长 47% 后，收入将同比增长 30%。</li><li>Palantir 继续扩大其在多个行业的客户群。</li><li>Palantir 的禁售期将于 2 月 19 日结束。下注吧!</li></ul>最近最热门的股票之一是最近直接上市的 Palantir Technologies Inc. (PLTR)。一些投资者原本预计该公司今天将发布井喷财报，但未能实现这一目标。该公司确实实现了令人难以置信的收入增长，未来的道路看起来也很光明。然而，投资者对该公司表示的光明前景感到失望。正如预期的那样，该股在锁定期结束前下跌。下周将讲述该股走向的更好故事。如果你觉得有风险，就跳上去。</blockquote></p><p> <b>Who Are They?</b></p><p><blockquote><b>他们是谁？</b></blockquote></p><p> If you are like me, you likely had no idea who this company was or what they did. Well, Palantir Technologies Inc. has been around since 2003 and is headquartered in Denver, Colorado. In short,they build and deploy software platforms for the intelligence community in the USA to assist in counterterrorism investigations and operations.</p><p><blockquote>如果你像我一样，你可能不知道这家公司是谁，也不知道他们做什么。Palantir Technologies Inc.自2003年成立以来，总部位于科罗拉多州丹佛市。简而言之， 他们为美国情报界构建和部署软件平台， 以协助反恐调查和行动。</blockquote></p><p> Palantir Gothamis a software program that identifies patterns hidden deep within datasets. This helps execute real-world responses to threats that have been identified within the platform. This was used in the efforts to help those in need in hurricane Florence in 2018. Palantir Gothamcombined publicly available flood data with weather information and social vulnerability census data to find the communities in greatest needand resources were deployed appropriately. More recently, they are providing the U.S. government with coronavirus tracking software.</p><p><blockquote>Palantir Gothamis是一个软件程序，可以识别隐藏在数据集深处的模式。这有助于对平台内已识别的威胁执行真实世界的响应。这被用于帮助2018年佛罗伦萨飓风中的有需要的人。Palantir Gotham将公开的洪水数据与天气信息和社会脆弱性普查数据相结合，以找到最需要的社区，并适当部署资源。最近，他们正在向美国政府提供冠状病毒跟踪软件。</blockquote></p><p> The company also provides Palantir Foundry,a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place.</p><p><blockquote>该公司还提供 Palantir Foundry， 这是一个通过为组织数据创建中央操作系统来改变组织运营方式的平台；并允许个人用户在一个地方集成和分析他们需要的数据。</blockquote></p><p> Pretty cool hey?</p><p><blockquote>很酷啊？</blockquote></p><p> <b>What Is Driving The Company?</b></p><p><blockquote><b>是什么推动了这家公司？</b></blockquote></p><p> Revenue. This is a growth play, plain and simple. Looking below we can see what is forecasted down the pipe. The missing block is 2020, which we found out todaywas $1.1 billion. That is a ~47% increase year-over-year. Going forward, analysts are projecting the pace stays heavy at 35%+ per year revenue growth. Often we consider 20% being strong, so that makes this look really good. For the fourth quarter, the company posted $322.1 million in revenue for the quarter, which was a beat by 20%.</p><p><blockquote>收入。这是一个成长剧，简单明了。往下看，我们可以看到未来的预测。缺失的部分是2020年，我们今天发现是11亿美元。同比增长约 47%。展望未来，分析师预计年收入增长率将保持在 35% 以上。我们通常认为20%是强的，所以这看起来真的很好。第四季度，该公司公布季度收入为 3.221 亿美元，增长 20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2926257ca97794e55159ce8c6021a745\" tg-width=\"2978\" tg-height=\"992\"></p><p><blockquote></blockquote></p><p> (Source: TIKR.com)</p><p><blockquote>（来源：TIKR.com）</blockquote></p><p> The shock came from theloss per share which totaled $0.08 versus the positive $0.02 consensus. The stock fell over 12% today on the earnings news. Upon diving deeper, it would appear most investors were disappointed with the forward forecasts. I personally think they are sandbagging a bit to blow away consensus down the line, but time will tell how true that is. Based on everything the company had put out in terms of news, which is nicely outlined inJohn Rhodes article : Palantir: Potential Q4 Revenue Blowoutmost people expected the revenue beat, but the action in the stock over the last week showed otherwise.</p><p><blockquote>令人震惊的是每股亏损总额为 0.08 美元，而市场普遍预期为 0.02 美元。受财报消息影响，该股今天下跌超过 12%。深入挖掘后，大多数投资者似乎对前瞻性预测感到失望。我个人认为他们有点沙袋，以消除共识，但时间会证明这有多真实。基于该公司发布的所有新闻，约翰·罗兹 (John Rhodes) 的文章中对此进行了很好的概述：Palantir：第四季度收入潜在爆发大多数人预计收入会超出预期，但该股上周的走势却并非如此。</blockquote></p><p> Data has become more relevant to the average person than ever before. The local news has all kinds of data on it when it comes to COVID-19.In 2020, Palantir helped 100 commercial organizations and 10 national governments respond to COVID-19. This has been a large opportunity for Palantir, and they have not squandered it. This response has helped earn thema 2-year contract for U.K. health services work worth $31.5 million. In the fourth quarter alone, the company signed21 deals worth more than $5 million. 12 of which were worth $10 million or more. Revenue growth will continue to be the future of Palantir.</p><p><blockquote>数据比以往任何时候都更加与普通人相关。谈到新冠肺炎，当地新闻有各种各样的数据。2020年，Palantir帮助100个商业组织和10个国家政府应对新冠肺炎。这对Palantir来说是一个很好的机会，他们没有浪费。这一回应帮助 thema 赢得了价值 3150 万美元的英国医疗服务工作两年合同。仅在第四季度，该公司就签署了21笔价值超过500万美元的交易。其中12件价值1000万美元或以上。收入增长将继续是 Palantir 的未来。</blockquote></p><p> Some of the best business going is government business. For the year, Palantir saw56% of their revenue or $610 million come from government contracts. While the commercial side saw higher year-over-year growth at 107%, a 77% increase in government-based revenue isn't anything to laugh at. One of the more impressive pieces was that we saw happen with the average customer.Revenue increased by 41% year-over-year. Up to $7.9 million per customer from $5.6 million. This is an important metric to keep an eye on as customers hand more and more business over to Palantir as they continue to develop and improve their systems. The other factor playing into this is Palantir pulling larger customers into the fold. The new customers acquired in 2020, generated $42 million in revenue.</p><p><blockquote>一些最好的生意是政府生意。今年，Palantir 56% 的收入（即 6.1 亿美元）来自政府合同。虽然商业方面的同比增长率高达 107%，但政府收入 77% 的增长并不可笑。最令人印象深刻的是我们看到普通客户的情况。收入同比增长 41%。每个客户从560万美元高达790万美元。随着客户继续开发和改进其系统，将越来越多的业务移交给 Palantir，这是一个需要密切关注的重要指标。造成这种情况的另一个因素是 Palantir 吸引了大客户。2020年获得的新客户创造了4200万美元的收入。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9284f5fd3e26d0c55fcd9b2f6355371e\" tg-width=\"1752\" tg-height=\"983\"></p><p><blockquote></blockquote></p><p></p><p> (Company Presentation)</p><p><blockquote>（公司介绍）</blockquote></p><p> So all of this and we still sit down 12% today? As I mentioned above, it was the forward forecasts that people were a bit shocked at. Palantir said toexpect revenue growth in excess of 30% for 2021. This would be fantastic news for most companies, but after you just posted a 47% growth year, it is a bit saddening. But as I said, I think they are sandbagging a bit. Analysts are still projecting about a 35% increase for 2021. Something tells me they will outdo that as the year goes on. The company did state that they are targeting $4 billion in revenue by 2025, which carrying 30% per year growth from here will get you. I fully expect that number to creep closer to $5 billion based on current projections. Palantir is going after the \"big fish\" across multiple industries.8 of their customers fall into the Fortune 100, and 12 of the Global 100. As their products continue to develop and improve, their bottom line is only going to get better. I think there is a lot of room to run here in the long term.</p><p><blockquote>所以所有这些，我们今天仍然下跌12%？正如我上面提到的，人们对前瞻性预测感到有点震惊。Palantir 表示，预计 2021 年收入增长将超过 30%。这对大多数公司来说都是个好消息，但在你刚刚公布了 47% 的增长年份之后，这有点令人难过。但就像我说的，我认为他们有点沙袋。分析师仍预计 2021 年将增长约 35%。直觉告诉我，随着时间的推移，他们会超越这一点。该公司确实表示，他们的目标是到 2025 年实现 40 亿美元的收入，从现在开始每年增长 30%，这将使您受益匪浅。根据目前的预测，我完全预计这个数字将接近50亿美元。Palantir 正在追逐多个行业的“大鱼”。他们的客户中有 8 家进入财富 100 强，12 家进入全球 100 强。随着他们的产品不断发展和改进，他们的底线只会越来越好。我认为从长远来看，这里有很大的运行空间。</blockquote></p><p> <b>What Are The Risks?</b></p><p><blockquote><b>有什么风险？</b></blockquote></p><p> One of the up-and-coming risks is the lock-up period ending, which I will touch on below. Besides that, I will look at the government contracts. Yes, they are some of the most important, but that's not to say they come without risk. In the past, Palantir has said they need to focus more so on commercial customers to help the bottom line and to turn a profit (part of the reason for the earnings sell-off). As we can see, they have landed some big-time commercial clients, but that government aspect still exists.</p><p><blockquote>即将到来的风险之一是禁售期的结束，我将在下面谈到这一点。除此之外，我会看看政府合同。是的，它们是最重要的，但这并不是说它们没有风险。过去，Palantir 曾表示，他们需要更加关注商业客户，以帮助利润并扭亏为盈（这是盈利抛售的部分原因）。正如我们所看到的，他们已经获得了一些大型商业客户，但政府方面仍然存在。</blockquote></p><p> Something to keep in mind as well is that dealing with the government can lead to crossing some lines that some are not okay with. As reported by the Washington Post,in 2018, more than 200 employees signed a letter to CEO Alex Karp, citing concerns over a partnership with Immigration and Customs Enforcement. Multiple other big tech companies have been forced to cut ties with government agencies in the past over potential human rights violations.</p><p><blockquote>还需要记住的是，与政府打交道可能会导致跨越一些人不同意的界限。据《华盛顿邮报》报道，2018 年，200 多名员工签署了一封致首席执行官亚历克斯·卡普 (Alex Karp) 的信，理由是对与移民和海关执法局合作的担忧。过去，由于潜在的侵犯人权行为，其他多家大型科技公司被迫切断与政府机构的联系。</blockquote></p><p> That said, I do really think the company will continue to do very well in the commercial sector and well reduce the overall government exposure overtime.</p><p><blockquote>也就是说，我确实认为该公司将继续在商业领域做得很好，并很好地减少政府加班的整体风险。</blockquote></p><p> <b>What's The \"Lock-Up Period\"?</b></p><p><blockquote><b>什么是“锁定期”？</b></blockquote></p><p> The one concern many have had with Palantir is the lock-up period, which ends on February 19th (Friday). Typically, this is where we will see the lows kick in on IPO's that go this route, but it is not always the case.</p><p><blockquote>许多人对Palantir的一个担忧是锁定期，锁定期将于2月19日（星期五）结束。通常情况下，我们会在这条路线上看到 IPO 的低点，但情况并非总是如此。</blockquote></p><p>   Looking at 15 stocks that sawtheir lock-up periods expire in the first two weeks of October, the majority of shares started to fall in the days before the expiration date, prior to bouncing back three to five days afterwards. However, some saw virtually no selling pressure on the day and the share price immediately climbed once the lock-up had ended.  What is it? Well in short, instead of an IPO where new shares of the company are created and are underwritten by an intermediary, we have a Direct Listing. This is wherethe business sells shares directly to the public without the help of any intermediaries. It does not involve any underwriters or other intermediaries, there are no new shares issued. This means the largest shareholders in the business can only freely sell their shares after the IPO lock-up expiration. Spotify (SPOT) and Slack (WORK) are two examples of companies that went the Direct Listing route. That said, neither of these companies had lock-up periods for employees.</p><p><blockquote>从 10 月份前两周锁定期到期的 15 只股票来看，大多数股票在到期日前几天开始下跌，然后在三到五天后反弹。然而，一些人当天几乎没有看到抛售压力，禁售结束后股价立即攀升。是什么？简而言之，我们不是由中介机构发行公司新股并承销的首次公开募股，而是直接上市。这是企业直接向公众出售股票的地方，无需任何中介机构的帮助。并无涉及任何包销商或其他中介机构，亦无发行新股。这意味着该业务的最大股东只能在IPO锁定期满后自由出售其股份。Spotify (SPOT) 和 Slack (WORK) 是走直接上市路线的两个公司例子。也就是说，这两家公司都没有员工禁闭期。</blockquote></p><p> So what does this mean? Well, given thatMarketWatch said:</p><p><blockquote>那么这意味着什么呢？嗯，鉴于 MarketWatch 表示：</blockquote></p><p>   For Palantir, though, years of venture-capital investments have created more than enough shares to launch public trading: roughly 1.64 billion, though that grows to 2.17 billion in a fully diluted formula that includes vesting options.  It means that with roughly 497 million current outstanding shares, that we could see about 1.7 billion shares hit the market. Now that is not really likely, but what it does mean is that there should be less than average selling pressure on the stock considering the usually IPO accounts for 10% of shares released, while Palantir released over 20% based on the numbers provided above.</p><p><blockquote>不过，对于 Palantir 来说，多年的风险投资已经创造了足够多的股票来启动公开交易：大约 16.4 亿股，尽管按照包括归属期权在内的完全稀释公式计算，这一数字将增长到 21.7 亿股。这意味着目前约有 4.97 亿股流通股，我们可能会看到约 17 亿股流通股上市。现在这不太可能，但这确实意味着，考虑到 IPO 通常占已发行股票的 10%，而 Palantir 根据上面提供的数字发行股票的 20% 以上，该股的抛售压力应该低于平均水平。</blockquote></p><p> Where are we now? Well as per the study quoted earlier, we are right on track. The stock is selling off in an orderly fashion right before the lock-up period ends. Now we have to wait and see what the rebound looks like. Or does everyone sell high and try and buy even lower? It is a bit of a wait-and-see. Let's take a look at what the technicals show us.</p><p><blockquote>我们现在在哪里？根据前面引用的研究，我们走在正确的轨道上。就在禁售期结束前，该股正在有序抛售。现在我们必须拭目以待，看看反弹是什么样子的。还是每个人都卖得很高，然后试图买得更低？这有点观望。让我们看看技术数据向我们展示了什么。</blockquote></p><p> <b>What Does The Price Say?</b></p><p><blockquote><b>价格怎么说？</b></blockquote></p><p></p><p> Taking a quick peek at the technicals, we can see a couple of really strong support levels. Firstly, we broke through a pretty big one at $30 today and did so in a big way, which is a bit concerning in the short term, but there is potential for a quick bounce to re-test that $30 mark quickly. If these markets have taught us anything, it's that they can move quickly! In a normal case, this is probably where my stop would be. But have not had a position until today, the game changes a bit as I take on more risk.</p><p><blockquote>快速浏览一下技术面，我们可以看到几个非常强的支撑位。首先，我们今天突破了 30 美元的一个相当大的突破，而且突破幅度很大，这在短期内有点令人担忧，但有可能快速反弹，以快速重新测试 30 美元大关。如果说这些市场教会了我们什么，那就是它们可以快速移动!在正常情况下，这可能是我的停留地点。但是直到今天我才有一个职位，随着我承担更多的风险，游戏发生了一些变化。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b568bf73db2c1b38aaa1546a10427dc\" tg-width=\"3837\" tg-height=\"1813\"></p><p><blockquote></blockquote></p><p> (Source: TC2000.com)</p><p><blockquote>（来源：TC2000.com）</blockquote></p><p> When a stock as popular as Palantir tanks like we saw today, one of two things happens. Either the dip gets bought up and this stock will fly back up to $40, or we see Palantir drop down to ~$23. Because the stock is so new, we really do not have a good gauge for support. Looking below we can see roughly where I am pulling $23 out of. This is a pretty substantial move from here yet. Would be about 20% to the downside. If $23 breaks, it could go even further south.</p><p><blockquote>当一只股票像我们今天看到的 Palantir 坦克一样受欢迎时，会发生以下两件事之一。要么下跌被买入，这只股票将飙升至 40 美元，要么我们看到 Palantir 跌至约 23 美元。由于该股票是如此新，我们确实没有很好的支撑指标。看看下面，我们可以大致看到我从哪里拿出23美元。这是一个相当大的举动。下跌幅度约为 20%。如果 23 美元跌破，价格可能会进一步下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3e3505c465c407b7387cbedf16a1b233\" tg-width=\"3840\" tg-height=\"1808\"></p><p><blockquote></blockquote></p><p> (Source: TC2000.com)</p><p><blockquote>（来源：TC2000.com）</blockquote></p><p> When trying to catch the bounce, you have to be prepared to average down. It is a totally different approach. Scale in, and scale-out.... all while knowing when to cut it loose. If you want to play this safe, watch for the bounce and try and get in then. I do think there will be a decent bounce that takes the stock back to $36-$40, but the question is when. This is not a long-term hold for me personally.</p><p><blockquote>当试图抓住反弹时，你必须准备好平均下跌。这是一种完全不同的方法。缩放和缩放…….同时知道什么时候放手。如果你想稳妥起见，注意反弹，然后试着进去。我确实认为会有一个不错的反弹，使股价回到 36-40 美元，但问题是什么时候。这对我个人来说不是长期持有。</blockquote></p><p> <b>Wrap-Up</b></p><p><blockquote><b>总结</b></blockquote></p><p> As you can see, there is a lot to like about the direction in which the company is headed. The valuation can always be debated, but at the end of the day, the value is whatever someone is willing to pay for it. Palantir is a revenue machine and it is not going to slow down. They are playing with the \"big fish\" and the revenue will follow as long as they can continue to deliver on their goals. I am currently long, but watching closely as the lock-up period ends this week. If you are going long, make sure to scale in over the next couple of days and place your bets for which way this goes next week. Stay safe out there!</p><p><blockquote>正如你所看到的，公司的发展方向有很多值得喜欢的地方。估值总是有争议的，但归根结底，价值就是有人愿意为此付出的任何代价。Palantir 是一台收入机器，它不会放慢速度。他们在玩“大鱼”，只要他们能继续实现目标，收入就会随之而来。我目前做多，但随着锁定期本周结束，我会密切关注。如果你要做多，确保在接下来的几天里扩大规模，并对下周的走势下注。在外面注意安全!</blockquote></p><p></p>","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>Palantir: Buy The Dip<blockquote>Palantir：逢低买入</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nPalantir: Buy The Dip<blockquote>Palantir：逢低买入</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-02-19 14:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Palantir posted solid revenue, but missed on earnings. The future forecast was a bit disappointing.</li>  <li>Palantir is expecting 30% year-over-year revenue growth after posting 47% growth for 2020.</li>  <li>Palantir continues to grow its client base across multiple industries.</li>  <li>Palantir's lock-up period ends on February 19th. Place your bets!</li> </ul> One of the hotter stocks as of late is recent Direct Listing, Palantir Technologies Inc. (PLTR). Some investors were expecting the company was expected to release blowout earnings today and fell short of that. The company did post incredible revenue growth, and the path forward looks bright as well. However, investors were disappointed with just how bright that picture is according to the company. The stock is falling leading up to the end of the lock-up period as expected. Next week will tell a better story as to where this stock is headed. If you are feeling risky, jump aboard.</p><p><blockquote><ul><li>Palantir 公布了稳健的收入，但未能实现盈利。未来的预测有点令人失望。</li><li>Palantir 预计在 2020 年收入增长 47% 后，收入将同比增长 30%。</li><li>Palantir 继续扩大其在多个行业的客户群。</li><li>Palantir 的禁售期将于 2 月 19 日结束。下注吧!</li></ul>最近最热门的股票之一是最近直接上市的 Palantir Technologies Inc. (PLTR)。一些投资者原本预计该公司今天将发布井喷财报，但未能实现这一目标。该公司确实实现了令人难以置信的收入增长，未来的道路看起来也很光明。然而，投资者对该公司表示的光明前景感到失望。正如预期的那样，该股在锁定期结束前下跌。下周将讲述该股走向的更好故事。如果你觉得有风险，就跳上去。</blockquote></p><p> <b>Who Are They?</b></p><p><blockquote><b>他们是谁？</b></blockquote></p><p> If you are like me, you likely had no idea who this company was or what they did. Well, Palantir Technologies Inc. has been around since 2003 and is headquartered in Denver, Colorado. In short,they build and deploy software platforms for the intelligence community in the USA to assist in counterterrorism investigations and operations.</p><p><blockquote>如果你像我一样，你可能不知道这家公司是谁，也不知道他们做什么。Palantir Technologies Inc.自2003年成立以来，总部位于科罗拉多州丹佛市。简而言之， 他们为美国情报界构建和部署软件平台， 以协助反恐调查和行动。</blockquote></p><p> Palantir Gothamis a software program that identifies patterns hidden deep within datasets. This helps execute real-world responses to threats that have been identified within the platform. This was used in the efforts to help those in need in hurricane Florence in 2018. Palantir Gothamcombined publicly available flood data with weather information and social vulnerability census data to find the communities in greatest needand resources were deployed appropriately. More recently, they are providing the U.S. government with coronavirus tracking software.</p><p><blockquote>Palantir Gothamis是一个软件程序，可以识别隐藏在数据集深处的模式。这有助于对平台内已识别的威胁执行真实世界的响应。这被用于帮助2018年佛罗伦萨飓风中的有需要的人。Palantir Gotham将公开的洪水数据与天气信息和社会脆弱性普查数据相结合，以找到最需要的社区，并适当部署资源。最近，他们正在向美国政府提供冠状病毒跟踪软件。</blockquote></p><p> The company also provides Palantir Foundry,a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place.</p><p><blockquote>该公司还提供 Palantir Foundry， 这是一个通过为组织数据创建中央操作系统来改变组织运营方式的平台；并允许个人用户在一个地方集成和分析他们需要的数据。</blockquote></p><p> Pretty cool hey?</p><p><blockquote>很酷啊？</blockquote></p><p> <b>What Is Driving The Company?</b></p><p><blockquote><b>是什么推动了这家公司？</b></blockquote></p><p> Revenue. This is a growth play, plain and simple. Looking below we can see what is forecasted down the pipe. The missing block is 2020, which we found out todaywas $1.1 billion. That is a ~47% increase year-over-year. Going forward, analysts are projecting the pace stays heavy at 35%+ per year revenue growth. Often we consider 20% being strong, so that makes this look really good. For the fourth quarter, the company posted $322.1 million in revenue for the quarter, which was a beat by 20%.</p><p><blockquote>收入。这是一个成长剧，简单明了。往下看，我们可以看到未来的预测。缺失的部分是2020年，我们今天发现是11亿美元。同比增长约 47%。展望未来，分析师预计年收入增长率将保持在 35% 以上。我们通常认为20%是强的，所以这看起来真的很好。第四季度，该公司公布季度收入为 3.221 亿美元，增长 20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2926257ca97794e55159ce8c6021a745\" tg-width=\"2978\" tg-height=\"992\"></p><p><blockquote></blockquote></p><p> (Source: TIKR.com)</p><p><blockquote>（来源：TIKR.com）</blockquote></p><p> The shock came from theloss per share which totaled $0.08 versus the positive $0.02 consensus. The stock fell over 12% today on the earnings news. Upon diving deeper, it would appear most investors were disappointed with the forward forecasts. I personally think they are sandbagging a bit to blow away consensus down the line, but time will tell how true that is. Based on everything the company had put out in terms of news, which is nicely outlined inJohn Rhodes article : Palantir: Potential Q4 Revenue Blowoutmost people expected the revenue beat, but the action in the stock over the last week showed otherwise.</p><p><blockquote>令人震惊的是每股亏损总额为 0.08 美元，而市场普遍预期为 0.02 美元。受财报消息影响，该股今天下跌超过 12%。深入挖掘后，大多数投资者似乎对前瞻性预测感到失望。我个人认为他们有点沙袋，以消除共识，但时间会证明这有多真实。基于该公司发布的所有新闻，约翰·罗兹 (John Rhodes) 的文章中对此进行了很好的概述：Palantir：第四季度收入潜在爆发大多数人预计收入会超出预期，但该股上周的走势却并非如此。</blockquote></p><p> Data has become more relevant to the average person than ever before. The local news has all kinds of data on it when it comes to COVID-19.In 2020, Palantir helped 100 commercial organizations and 10 national governments respond to COVID-19. This has been a large opportunity for Palantir, and they have not squandered it. This response has helped earn thema 2-year contract for U.K. health services work worth $31.5 million. In the fourth quarter alone, the company signed21 deals worth more than $5 million. 12 of which were worth $10 million or more. Revenue growth will continue to be the future of Palantir.</p><p><blockquote>数据比以往任何时候都更加与普通人相关。谈到新冠肺炎，当地新闻有各种各样的数据。2020年，Palantir帮助100个商业组织和10个国家政府应对新冠肺炎。这对Palantir来说是一个很好的机会，他们没有浪费。这一回应帮助 thema 赢得了价值 3150 万美元的英国医疗服务工作两年合同。仅在第四季度，该公司就签署了21笔价值超过500万美元的交易。其中12件价值1000万美元或以上。收入增长将继续是 Palantir 的未来。</blockquote></p><p> Some of the best business going is government business. For the year, Palantir saw56% of their revenue or $610 million come from government contracts. While the commercial side saw higher year-over-year growth at 107%, a 77% increase in government-based revenue isn't anything to laugh at. One of the more impressive pieces was that we saw happen with the average customer.Revenue increased by 41% year-over-year. Up to $7.9 million per customer from $5.6 million. This is an important metric to keep an eye on as customers hand more and more business over to Palantir as they continue to develop and improve their systems. The other factor playing into this is Palantir pulling larger customers into the fold. The new customers acquired in 2020, generated $42 million in revenue.</p><p><blockquote>一些最好的生意是政府生意。今年，Palantir 56% 的收入（即 6.1 亿美元）来自政府合同。虽然商业方面的同比增长率高达 107%，但政府收入 77% 的增长并不可笑。最令人印象深刻的是我们看到普通客户的情况。收入同比增长 41%。每个客户从560万美元高达790万美元。随着客户继续开发和改进其系统，将越来越多的业务移交给 Palantir，这是一个需要密切关注的重要指标。造成这种情况的另一个因素是 Palantir 吸引了大客户。2020年获得的新客户创造了4200万美元的收入。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9284f5fd3e26d0c55fcd9b2f6355371e\" tg-width=\"1752\" tg-height=\"983\"></p><p><blockquote></blockquote></p><p></p><p> (Company Presentation)</p><p><blockquote>（公司介绍）</blockquote></p><p> So all of this and we still sit down 12% today? As I mentioned above, it was the forward forecasts that people were a bit shocked at. Palantir said toexpect revenue growth in excess of 30% for 2021. This would be fantastic news for most companies, but after you just posted a 47% growth year, it is a bit saddening. But as I said, I think they are sandbagging a bit. Analysts are still projecting about a 35% increase for 2021. Something tells me they will outdo that as the year goes on. The company did state that they are targeting $4 billion in revenue by 2025, which carrying 30% per year growth from here will get you. I fully expect that number to creep closer to $5 billion based on current projections. Palantir is going after the \"big fish\" across multiple industries.8 of their customers fall into the Fortune 100, and 12 of the Global 100. As their products continue to develop and improve, their bottom line is only going to get better. I think there is a lot of room to run here in the long term.</p><p><blockquote>所以所有这些，我们今天仍然下跌12%？正如我上面提到的，人们对前瞻性预测感到有点震惊。Palantir 表示，预计 2021 年收入增长将超过 30%。这对大多数公司来说都是个好消息，但在你刚刚公布了 47% 的增长年份之后，这有点令人难过。但就像我说的，我认为他们有点沙袋。分析师仍预计 2021 年将增长约 35%。直觉告诉我，随着时间的推移，他们会超越这一点。该公司确实表示，他们的目标是到 2025 年实现 40 亿美元的收入，从现在开始每年增长 30%，这将使您受益匪浅。根据目前的预测，我完全预计这个数字将接近50亿美元。Palantir 正在追逐多个行业的“大鱼”。他们的客户中有 8 家进入财富 100 强，12 家进入全球 100 强。随着他们的产品不断发展和改进，他们的底线只会越来越好。我认为从长远来看，这里有很大的运行空间。</blockquote></p><p> <b>What Are The Risks?</b></p><p><blockquote><b>有什么风险？</b></blockquote></p><p> One of the up-and-coming risks is the lock-up period ending, which I will touch on below. Besides that, I will look at the government contracts. Yes, they are some of the most important, but that's not to say they come without risk. In the past, Palantir has said they need to focus more so on commercial customers to help the bottom line and to turn a profit (part of the reason for the earnings sell-off). As we can see, they have landed some big-time commercial clients, but that government aspect still exists.</p><p><blockquote>即将到来的风险之一是禁售期的结束，我将在下面谈到这一点。除此之外，我会看看政府合同。是的，它们是最重要的，但这并不是说它们没有风险。过去，Palantir 曾表示，他们需要更加关注商业客户，以帮助利润并扭亏为盈（这是盈利抛售的部分原因）。正如我们所看到的，他们已经获得了一些大型商业客户，但政府方面仍然存在。</blockquote></p><p> Something to keep in mind as well is that dealing with the government can lead to crossing some lines that some are not okay with. As reported by the Washington Post,in 2018, more than 200 employees signed a letter to CEO Alex Karp, citing concerns over a partnership with Immigration and Customs Enforcement. Multiple other big tech companies have been forced to cut ties with government agencies in the past over potential human rights violations.</p><p><blockquote>还需要记住的是，与政府打交道可能会导致跨越一些人不同意的界限。据《华盛顿邮报》报道，2018 年，200 多名员工签署了一封致首席执行官亚历克斯·卡普 (Alex Karp) 的信，理由是对与移民和海关执法局合作的担忧。过去，由于潜在的侵犯人权行为，其他多家大型科技公司被迫切断与政府机构的联系。</blockquote></p><p> That said, I do really think the company will continue to do very well in the commercial sector and well reduce the overall government exposure overtime.</p><p><blockquote>也就是说，我确实认为该公司将继续在商业领域做得很好，并很好地减少政府加班的整体风险。</blockquote></p><p> <b>What's The \"Lock-Up Period\"?</b></p><p><blockquote><b>什么是“锁定期”？</b></blockquote></p><p> The one concern many have had with Palantir is the lock-up period, which ends on February 19th (Friday). Typically, this is where we will see the lows kick in on IPO's that go this route, but it is not always the case.</p><p><blockquote>许多人对Palantir的一个担忧是锁定期，锁定期将于2月19日（星期五）结束。通常情况下，我们会在这条路线上看到 IPO 的低点，但情况并非总是如此。</blockquote></p><p>   Looking at 15 stocks that sawtheir lock-up periods expire in the first two weeks of October, the majority of shares started to fall in the days before the expiration date, prior to bouncing back three to five days afterwards. However, some saw virtually no selling pressure on the day and the share price immediately climbed once the lock-up had ended.  What is it? Well in short, instead of an IPO where new shares of the company are created and are underwritten by an intermediary, we have a Direct Listing. This is wherethe business sells shares directly to the public without the help of any intermediaries. It does not involve any underwriters or other intermediaries, there are no new shares issued. This means the largest shareholders in the business can only freely sell their shares after the IPO lock-up expiration. Spotify (SPOT) and Slack (WORK) are two examples of companies that went the Direct Listing route. That said, neither of these companies had lock-up periods for employees.</p><p><blockquote>从 10 月份前两周锁定期到期的 15 只股票来看，大多数股票在到期日前几天开始下跌，然后在三到五天后反弹。然而，一些人当天几乎没有看到抛售压力，禁售结束后股价立即攀升。是什么？简而言之，我们不是由中介机构发行公司新股并承销的首次公开募股，而是直接上市。这是企业直接向公众出售股票的地方，无需任何中介机构的帮助。并无涉及任何包销商或其他中介机构，亦无发行新股。这意味着该业务的最大股东只能在IPO锁定期满后自由出售其股份。Spotify (SPOT) 和 Slack (WORK) 是走直接上市路线的两个公司例子。也就是说，这两家公司都没有员工禁闭期。</blockquote></p><p> So what does this mean? Well, given thatMarketWatch said:</p><p><blockquote>那么这意味着什么呢？嗯，鉴于 MarketWatch 表示：</blockquote></p><p>   For Palantir, though, years of venture-capital investments have created more than enough shares to launch public trading: roughly 1.64 billion, though that grows to 2.17 billion in a fully diluted formula that includes vesting options.  It means that with roughly 497 million current outstanding shares, that we could see about 1.7 billion shares hit the market. Now that is not really likely, but what it does mean is that there should be less than average selling pressure on the stock considering the usually IPO accounts for 10% of shares released, while Palantir released over 20% based on the numbers provided above.</p><p><blockquote>不过，对于 Palantir 来说，多年的风险投资已经创造了足够多的股票来启动公开交易：大约 16.4 亿股，尽管按照包括归属期权在内的完全稀释公式计算，这一数字将增长到 21.7 亿股。这意味着目前约有 4.97 亿股流通股，我们可能会看到约 17 亿股流通股上市。现在这不太可能，但这确实意味着，考虑到 IPO 通常占已发行股票的 10%，而 Palantir 根据上面提供的数字发行股票的 20% 以上，该股的抛售压力应该低于平均水平。</blockquote></p><p> Where are we now? Well as per the study quoted earlier, we are right on track. The stock is selling off in an orderly fashion right before the lock-up period ends. Now we have to wait and see what the rebound looks like. Or does everyone sell high and try and buy even lower? It is a bit of a wait-and-see. Let's take a look at what the technicals show us.</p><p><blockquote>我们现在在哪里？根据前面引用的研究，我们走在正确的轨道上。就在禁售期结束前，该股正在有序抛售。现在我们必须拭目以待，看看反弹是什么样子的。还是每个人都卖得很高，然后试图买得更低？这有点观望。让我们看看技术数据向我们展示了什么。</blockquote></p><p> <b>What Does The Price Say?</b></p><p><blockquote><b>价格怎么说？</b></blockquote></p><p></p><p> Taking a quick peek at the technicals, we can see a couple of really strong support levels. Firstly, we broke through a pretty big one at $30 today and did so in a big way, which is a bit concerning in the short term, but there is potential for a quick bounce to re-test that $30 mark quickly. If these markets have taught us anything, it's that they can move quickly! In a normal case, this is probably where my stop would be. But have not had a position until today, the game changes a bit as I take on more risk.</p><p><blockquote>快速浏览一下技术面，我们可以看到几个非常强的支撑位。首先，我们今天突破了 30 美元的一个相当大的突破，而且突破幅度很大，这在短期内有点令人担忧，但有可能快速反弹，以快速重新测试 30 美元大关。如果说这些市场教会了我们什么，那就是它们可以快速移动!在正常情况下，这可能是我的停留地点。但是直到今天我才有一个职位，随着我承担更多的风险，游戏发生了一些变化。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6b568bf73db2c1b38aaa1546a10427dc\" tg-width=\"3837\" tg-height=\"1813\"></p><p><blockquote></blockquote></p><p> (Source: TC2000.com)</p><p><blockquote>（来源：TC2000.com）</blockquote></p><p> When a stock as popular as Palantir tanks like we saw today, one of two things happens. Either the dip gets bought up and this stock will fly back up to $40, or we see Palantir drop down to ~$23. Because the stock is so new, we really do not have a good gauge for support. Looking below we can see roughly where I am pulling $23 out of. This is a pretty substantial move from here yet. Would be about 20% to the downside. If $23 breaks, it could go even further south.</p><p><blockquote>当一只股票像我们今天看到的 Palantir 坦克一样受欢迎时，会发生以下两件事之一。要么下跌被买入，这只股票将飙升至 40 美元，要么我们看到 Palantir 跌至约 23 美元。由于该股票是如此新，我们确实没有很好的支撑指标。看看下面，我们可以大致看到我从哪里拿出23美元。这是一个相当大的举动。下跌幅度约为 20%。如果 23 美元跌破，价格可能会进一步下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3e3505c465c407b7387cbedf16a1b233\" tg-width=\"3840\" tg-height=\"1808\"></p><p><blockquote></blockquote></p><p> (Source: TC2000.com)</p><p><blockquote>（来源：TC2000.com）</blockquote></p><p> When trying to catch the bounce, you have to be prepared to average down. It is a totally different approach. Scale in, and scale-out.... all while knowing when to cut it loose. If you want to play this safe, watch for the bounce and try and get in then. I do think there will be a decent bounce that takes the stock back to $36-$40, but the question is when. This is not a long-term hold for me personally.</p><p><blockquote>当试图抓住反弹时，你必须准备好平均下跌。这是一种完全不同的方法。缩放和缩放…….同时知道什么时候放手。如果你想稳妥起见，注意反弹，然后试着进去。我确实认为会有一个不错的反弹，使股价回到 36-40 美元，但问题是什么时候。这对我个人来说不是长期持有。</blockquote></p><p> <b>Wrap-Up</b></p><p><blockquote><b>总结</b></blockquote></p><p> As you can see, there is a lot to like about the direction in which the company is headed. The valuation can always be debated, but at the end of the day, the value is whatever someone is willing to pay for it. Palantir is a revenue machine and it is not going to slow down. They are playing with the \"big fish\" and the revenue will follow as long as they can continue to deliver on their goals. I am currently long, but watching closely as the lock-up period ends this week. If you are going long, make sure to scale in over the next couple of days and place your bets for which way this goes next week. Stay safe out there!</p><p><blockquote>正如你所看到的，公司的发展方向有很多值得喜欢的地方。估值总是有争议的，但归根结底，价值就是有人愿意为此付出的任何代价。Palantir 是一台收入机器，它不会放慢速度。他们在玩“大鱼”，只要他们能继续实现目标，收入就会随之而来。我目前做多，但随着锁定期本周结束，我会密切关注。如果你要做多，确保在接下来的几天里扩大规模，并对下周的走势下注。在外面注意安全!</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4406809-palantir-buy-the-dip\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4406809-palantir-buy-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100960455","content_text":"Summary\n\nPalantir posted solid revenue, but missed on earnings. The future forecast was a bit disappointing.\nPalantir is expecting 30% year-over-year revenue growth after posting 47% growth for 2020.\nPalantir continues to grow its client base across multiple industries.\nPalantir's lock-up period ends on February 19th. Place your bets!\n\nOne of the hotter stocks as of late is recent Direct Listing, Palantir Technologies Inc. (PLTR). Some investors were expecting the company was expected to release blowout earnings today and fell short of that. The company did post incredible revenue growth, and the path forward looks bright as well. However, investors were disappointed with just how bright that picture is according to the company. The stock is falling leading up to the end of the lock-up period as expected. Next week will tell a better story as to where this stock is headed. If you are feeling risky, jump aboard.\nWho Are They?\nIf you are like me, you likely had no idea who this company was or what they did. Well, Palantir Technologies Inc. has been around since 2003 and is headquartered in Denver, Colorado. In short,they build and deploy software platforms for the intelligence community in the USA to assist in counterterrorism investigations and operations.\nPalantir Gothamis a software program that identifies patterns hidden deep within datasets. This helps execute real-world responses to threats that have been identified within the platform. This was used in the efforts to help those in need in hurricane Florence in 2018. Palantir Gothamcombined publicly available flood data with weather information and social vulnerability census data to find the communities in greatest needand resources were deployed appropriately. More recently, they are providing the U.S. government with coronavirus tracking software.\nThe company also provides Palantir Foundry,a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place.\nPretty cool hey?\nWhat Is Driving The Company?\nRevenue. This is a growth play, plain and simple. Looking below we can see what is forecasted down the pipe. The missing block is 2020, which we found out todaywas $1.1 billion. That is a ~47% increase year-over-year. Going forward, analysts are projecting the pace stays heavy at 35%+ per year revenue growth. Often we consider 20% being strong, so that makes this look really good. For the fourth quarter, the company posted $322.1 million in revenue for the quarter, which was a beat by 20%.\n\n(Source: TIKR.com)\nThe shock came from theloss per share which totaled $0.08 versus the positive $0.02 consensus. The stock fell over 12% today on the earnings news. Upon diving deeper, it would appear most investors were disappointed with the forward forecasts. I personally think they are sandbagging a bit to blow away consensus down the line, but time will tell how true that is. Based on everything the company had put out in terms of news, which is nicely outlined inJohn Rhodes article : Palantir: Potential Q4 Revenue Blowoutmost people expected the revenue beat, but the action in the stock over the last week showed otherwise.\nData has become more relevant to the average person than ever before. The local news has all kinds of data on it when it comes to COVID-19.In 2020, Palantir helped 100 commercial organizations and 10 national governments respond to COVID-19. This has been a large opportunity for Palantir, and they have not squandered it. This response has helped earn thema 2-year contract for U.K. health services work worth $31.5 million. In the fourth quarter alone, the company signed21 deals worth more than $5 million. 12 of which were worth $10 million or more. Revenue growth will continue to be the future of Palantir.\nSome of the best business going is government business. For the year, Palantir saw56% of their revenue or $610 million come from government contracts. While the commercial side saw higher year-over-year growth at 107%, a 77% increase in government-based revenue isn't anything to laugh at. One of the more impressive pieces was that we saw happen with the average customer.Revenue increased by 41% year-over-year. Up to $7.9 million per customer from $5.6 million. This is an important metric to keep an eye on as customers hand more and more business over to Palantir as they continue to develop and improve their systems. The other factor playing into this is Palantir pulling larger customers into the fold. The new customers acquired in 2020, generated $42 million in revenue.\n\n(Company Presentation)\nSo all of this and we still sit down 12% today? As I mentioned above, it was the forward forecasts that people were a bit shocked at. Palantir said toexpect revenue growth in excess of 30% for 2021. This would be fantastic news for most companies, but after you just posted a 47% growth year, it is a bit saddening. But as I said, I think they are sandbagging a bit. Analysts are still projecting about a 35% increase for 2021. Something tells me they will outdo that as the year goes on. The company did state that they are targeting $4 billion in revenue by 2025, which carrying 30% per year growth from here will get you. I fully expect that number to creep closer to $5 billion based on current projections. Palantir is going after the \"big fish\" across multiple industries.8 of their customers fall into the Fortune 100, and 12 of the Global 100. As their products continue to develop and improve, their bottom line is only going to get better. I think there is a lot of room to run here in the long term.\nWhat Are The Risks?\nOne of the up-and-coming risks is the lock-up period ending, which I will touch on below. Besides that, I will look at the government contracts. Yes, they are some of the most important, but that's not to say they come without risk. In the past, Palantir has said they need to focus more so on commercial customers to help the bottom line and to turn a profit (part of the reason for the earnings sell-off). As we can see, they have landed some big-time commercial clients, but that government aspect still exists.\nSomething to keep in mind as well is that dealing with the government can lead to crossing some lines that some are not okay with. As reported by the Washington Post,in 2018, more than 200 employees signed a letter to CEO Alex Karp, citing concerns over a partnership with Immigration and Customs Enforcement. Multiple other big tech companies have been forced to cut ties with government agencies in the past over potential human rights violations.\nThat said, I do really think the company will continue to do very well in the commercial sector and well reduce the overall government exposure overtime.\nWhat's The \"Lock-Up Period\"?\nThe one concern many have had with Palantir is the lock-up period, which ends on February 19th (Friday). Typically, this is where we will see the lows kick in on IPO's that go this route, but it is not always the case.\n\n Looking at 15 stocks that sawtheir lock-up periods expire in the first two weeks of October, the majority of shares started to fall in the days before the expiration date, prior to bouncing back three to five days afterwards. However, some saw virtually no selling pressure on the day and the share price immediately climbed once the lock-up had ended.\n\nWhat is it? Well in short, instead of an IPO where new shares of the company are created and are underwritten by an intermediary, we have a Direct Listing. This is wherethe business sells shares directly to the public without the help of any intermediaries. It does not involve any underwriters or other intermediaries, there are no new shares issued. This means the largest shareholders in the business can only freely sell their shares after the IPO lock-up expiration. Spotify (SPOT) and Slack (WORK) are two examples of companies that went the Direct Listing route. That said, neither of these companies had lock-up periods for employees.\nSo what does this mean? Well, given thatMarketWatch said:\n\n For Palantir, though, years of venture-capital investments have created more than enough shares to launch public trading: roughly 1.64 billion, though that grows to 2.17 billion in a fully diluted formula that includes vesting options.\n\nIt means that with roughly 497 million current outstanding shares, that we could see about 1.7 billion shares hit the market. Now that is not really likely, but what it does mean is that there should be less than average selling pressure on the stock considering the usually IPO accounts for 10% of shares released, while Palantir released over 20% based on the numbers provided above.\nWhere are we now? Well as per the study quoted earlier, we are right on track. The stock is selling off in an orderly fashion right before the lock-up period ends. Now we have to wait and see what the rebound looks like. Or does everyone sell high and try and buy even lower? It is a bit of a wait-and-see. Let's take a look at what the technicals show us.\nWhat Does The Price Say?\nTaking a quick peek at the technicals, we can see a couple of really strong support levels. Firstly, we broke through a pretty big one at $30 today and did so in a big way, which is a bit concerning in the short term, but there is potential for a quick bounce to re-test that $30 mark quickly. If these markets have taught us anything, it's that they can move quickly! In a normal case, this is probably where my stop would be. But have not had a position until today, the game changes a bit as I take on more risk.\n\n(Source: TC2000.com)\nWhen a stock as popular as Palantir tanks like we saw today, one of two things happens. Either the dip gets bought up and this stock will fly back up to $40, or we see Palantir drop down to ~$23. Because the stock is so new, we really do not have a good gauge for support. Looking below we can see roughly where I am pulling $23 out of. This is a pretty substantial move from here yet. Would be about 20% to the downside. If $23 breaks, it could go even further south.\n\n(Source: TC2000.com)\nWhen trying to catch the bounce, you have to be prepared to average down. It is a totally different approach. Scale in, and scale-out.... all while knowing when to cut it loose. If you want to play this safe, watch for the bounce and try and get in then. I do think there will be a decent bounce that takes the stock back to $36-$40, but the question is when. This is not a long-term hold for me personally.\nWrap-Up\nAs you can see, there is a lot to like about the direction in which the company is headed. The valuation can always be debated, but at the end of the day, the value is whatever someone is willing to pay for it. Palantir is a revenue machine and it is not going to slow down. They are playing with the \"big fish\" and the revenue will follow as long as they can continue to deliver on their goals. I am currently long, but watching closely as the lock-up period ends this week. If you are going long, make sure to scale in over the next couple of days and place your bets for which way this goes next week. Stay safe out there!","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387721493,"gmtCreate":1613788356912,"gmtModify":1634552229557,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387721493","repostId":"1131795735","repostType":4,"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387866714,"gmtCreate":1613737378738,"gmtModify":1634552434428,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387866714","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":369273079,"gmtCreate":1614053188491,"gmtModify":1634551383396,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369273079","repostId":"1122871036","repostType":4,"repost":{"id":"1122871036","kind":"news","pubTimestamp":1614052907,"share":"https://www.laohunote.com/m/news/1122871036?lang=zh_CN&edition=full","pubTime":"2021-02-23 12:01","market":"us","language":"en","title":"Why AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122871036","media":"Motley Fool ","summary":"The theater chain is set to resume operations in a major market.\nWhat happened\nShares of AMC Enterta","content":"<p>The theater chain is set to resume operations in a major market.</p><p><blockquote>这家连锁影院将在一个主要市场恢复运营。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.</p><p><blockquote>股份<b>AMC院线</b>（纽约证券交易所股票代码：AMC）周一上涨 14.9%，此前州长安德鲁·科莫表示纽约市电影院可能于 3 月 5 日重新开放。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> New York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.</p><p><blockquote>纽约的重新开放计划有一些规定。影院可以以25%的容量运营，而每个屏幕最多只能容纳50人。科莫说：“分配座位、社交距离和其他健康预防措施将到位。”</blockquote></p><p> Still,investors&nbsp;cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.</p><p><blockquote>尽管如此，投资者对这一消息欢欣鼓舞，这是理所当然的。对于陷入困境的连锁电影院来说，能够再次在一个主要市场运营其场馆无疑是一个积极因素。AMC迅速行动，抓住机遇。</blockquote></p><p> AMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.</p><p><blockquote>AMC表示，将从3月5日开始重新开放纽约市的所有13家影院。AMC 首席执行官亚当·阿伦 (Adam Aron) 在一份新闻稿中表示：“科莫州长宣布纽约市的电影院可以在三月的第一周重新开放，这是恢复电影院行业和我们公司健康的又一重要步骤。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> AMC will implement new health and safety procedures that it developed in collaboration with&nbsp;<b>Clorox</b>&nbsp;and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.</p><p><blockquote>AMC 将实施其与以下机构合作开发的新健康和安全程序<b>高乐氏</b>和哈佛大学。这些措施包括社交距离措施、强制戴口罩、升级空气过滤系统和加大消毒力度。</blockquote></p><p> However, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.</p><p><blockquote>然而，虽然有必要，但这些程序的成本可能会影响 AMC 的盈利能力。在冠状病毒疫情期间，人们是会匆忙回到电影院，还是只是在自己舒适安全的家中看电影，还有待观察。尽管开放更多影院的机会是迈向潜在复苏的一步，但 AMC 的股票仍然是一项高风险投资。</blockquote></p><p></p>","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>Why AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhy AMC Stock Soared Today<blockquote>为什么 AMC 股票今天飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool </strong><span class=\"h-time small\">2021-02-23 12:01</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The theater chain is set to resume operations in a major market.</p><p><blockquote>这家连锁影院将在一个主要市场恢复运营。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment</b>&nbsp;(NYSE:AMC)&nbsp;jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.</p><p><blockquote>股份<b>AMC院线</b>（纽约证券交易所股票代码：AMC）周一上涨 14.9%，此前州长安德鲁·科莫表示纽约市电影院可能于 3 月 5 日重新开放。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> New York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.</p><p><blockquote>纽约的重新开放计划有一些规定。影院可以以25%的容量运营，而每个屏幕最多只能容纳50人。科莫说：“分配座位、社交距离和其他健康预防措施将到位。”</blockquote></p><p> Still,investors&nbsp;cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.</p><p><blockquote>尽管如此，投资者对这一消息欢欣鼓舞，这是理所当然的。对于陷入困境的连锁电影院来说，能够再次在一个主要市场运营其场馆无疑是一个积极因素。AMC迅速行动，抓住机遇。</blockquote></p><p> AMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.</p><p><blockquote>AMC表示，将从3月5日开始重新开放纽约市的所有13家影院。AMC 首席执行官亚当·阿伦 (Adam Aron) 在一份新闻稿中表示：“科莫州长宣布纽约市的电影院可以在三月的第一周重新开放，这是恢复电影院行业和我们公司健康的又一重要步骤。”</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> AMC will implement new health and safety procedures that it developed in collaboration with&nbsp;<b>Clorox</b>&nbsp;and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.</p><p><blockquote>AMC 将实施其与以下机构合作开发的新健康和安全程序<b>高乐氏</b>和哈佛大学。这些措施包括社交距离措施、强制戴口罩、升级空气过滤系统和加大消毒力度。</blockquote></p><p> However, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.</p><p><blockquote>然而，虽然有必要，但这些程序的成本可能会影响 AMC 的盈利能力。在冠状病毒疫情期间，人们是会匆忙回到电影院，还是只是在自己舒适安全的家中看电影，还有待观察。尽管开放更多影院的机会是迈向潜在复苏的一步，但 AMC 的股票仍然是一项高风险投资。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/02/22/why-amc-stock-soared-today/\">Motley Fool </a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/02/22/why-amc-stock-soared-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122871036","content_text":"The theater chain is set to resume operations in a major market.\nWhat happened\nShares of AMC Entertainment (NYSE:AMC) jumped 14.9% on Monday after Governor Andrew Cuomo said movie theaters could reopen in New York City on March 5.\nSo what\nNew York's reopening plan comes with some stipulations. Theaters can operate at 25% capacity, while guests will be limited to a maximum of 50 people per screen. \"Assigned seating, social distancing, and other health precautions will be in place,\" Cuomo said.\nStill,investors cheered the news, and rightfully so. The ability to once again operate its venues in a major market is certainly a positive for the struggling movie theater chain. AMC moved quickly to seize the opportunity.\nAMC said it would reopen all 13 of its theaters in New York City starting on March 5. \"Governor Cuomo's announcement that movie theaters can reopen in New York City in the first week of March is another important step toward restoring the health of the movie theater industry and of our company,\" AMC CEO Adam Aron said in a press release.\nNow what\nAMC will implement new health and safety procedures that it developed in collaboration with Clorox and Harvard University. These include social distancing measures, mandatory mask-wearing, upgraded air filtration systems, and increased sanitization efforts.\nHowever, while necessary, the cost of these procedures will likely weigh on AMC's profitability. It also remains to be seen whether people will rush back to theaters during the coronavirus pandemic or simply watch movies in the comfort and safety of their own homes. Although the chance to open more of its theaters is a step toward a potential recovery, AMC's stock remains a high-risk investment.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369271287,"gmtCreate":1614053500549,"gmtModify":1634551382209,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Fly!","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Fly!","text":"$American Airlines(AAL)$Fly!","images":[{"img":"https://static.tigerbbs.com/07e60eec7db46c8c2f8d82c0d1e355ec","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369271287","isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340990909,"gmtCreate":1617327568301,"gmtModify":1634521410219,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Better week ahead!","listText":"Better week ahead!","text":"Better week ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340990909","repostId":"1175312581","repostType":4,"isVote":1,"tweetType":1,"viewCount":2496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387869005,"gmtCreate":1613736956907,"gmtModify":1634552436810,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/387869005","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohunote.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>“就像在拉斯维加斯一样，房子通常会赢，”加利福尼亚州圣地亚哥的财务顾问万斯·巴尔斯说，他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛 GS（-0.91%）将其机器人咨询服务 Marcus 限制为至少有 1000 万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少 1000 美元投资的人都可以使用与高盛一些最富有的客户使用的相同的交易算法，每年只需支付 0.35% 的咨询费。但投资专家表示，在搭上机器人投资列车之前，还有更多成本需要考虑。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“加利福尼亚州圣地亚哥的财务顾问万斯-巴尔斯（Vance Barse）说：”就像在拉斯维加斯一样，房子通常会赢。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>虽然 35 个基点的价格标签对高盛来说是 “亏损领先”，但他说，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“他说：”人们忘记了银行的最终生意是赚钱。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括 Vanguard、Fidelity 和 Schwab SCHW，+1.03%，以及 Betterment 和 Wealthfront 等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪人的费用会增加到1%或以上。行业出版物《Inside Information》对近 1,000 名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和 Betterment 提供的机器人顾问与 Robinhood 等机器人平台不同。前者建议投资组合专注于交易所交易基金，而 Robinhood 允许用户投资单个 ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是抢劫投资呢？把它想象成自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心司机把你引向错误的方向，你就不能轻易踩下刹车。如果您赶时间，想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好和期望的短期和长期回报等因素设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，通常收取不超过0.5%的年费，而人力投资顾问的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能会成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅-洛（Cynthia Loh）不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务拥有更多来自人类的投入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在 MarketWatch 上所写： “关于自动化投资的一个常见误解是，选择机器人顾问实质上意味着将资金控制权交给机器人。事实是，机器人解决方案结合了自动化组件和人工组件，在幕后运行。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以从 “一劳永逸”的投资方式中得到安慰，让市场自行其是。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet 的投资和退休专家蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）说，这使得你更容易承受市场波动，因为你知道你不一定要一时冲动地做出买卖资产的决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“她说：”当你投资时，你不会想一直盯着市场看，然后说'哦，我需要摆脱困境'。“你想让专业人士帮你渡过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合”。</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会增加。即使你有世界上最优秀的理财顾问，你也不能指望这一点”。</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对年长投资者有吸引力。“退休后的规划和支付是很复杂的。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh 说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更精简、更便宜的投资方式，而机器人投资正好符合要求。他们很乐意让技术来处理投资者自己动手更难、更耗时的平凡活动，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>经常没有门可以敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。在大多数机器人投资平台上，您需要填写的简单问卷将收集有关您的年收入、理想退休年龄和您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>不过，它不会知道你是刚刚有了孩子，想开始为孩子以后的教育存钱，还是最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了，这个人会向谁寻求建议，该平台是否提供建议，如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化的投资建议，而提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，总部位于纽约市的财务咨询集团 Lifelaidout 的注册财务规划师罗杰-马（Roger Ma）说，机器人顾问不一定 “在管理资金时考虑到税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售累积亏损的资产。《工作你的钱，而不是你的生活》一书的作者马云说，传统顾问通常专门构建投资组合，以获得最节税的结果。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但对于机器人投资，为您进行的交易与为许多其他投资者进行的交易相同，这些投资者可能与您处于不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，但尤其是对初学者来说，它可能会 “使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“他说：”如果你只是想尝试一下，想感觉自己投资的是一个多元化的投资组合，我不会说绝对不要做机器人顾问。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金会选择单一基金进行投资，并根据投资目标随着时间的推移调整仓位。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人建议和人类建议。2015 年，MarketWatch 邀请了四位著名的机器人顾问和四位传统的有血有肉的机器人顾问，为一位假设的 35 岁、拥有 40,000 美元投资的投资者构建投资组合。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>结果也许让机器人顾问的批评者感到惊讶。Pinnacle Advisory Group 的研究总监迈克尔-基茨（Michael Kitces）在审查了结果后说，机器人的建议与人类顾问的建议 “没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","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>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资队伍——你应该吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>“就像在拉斯维加斯一样，房子通常会赢，”加利福尼亚州圣地亚哥的财务顾问万斯·巴尔斯说，他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛 GS（-0.91%）将其机器人咨询服务 Marcus 限制为至少有 1000 万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少 1000 美元投资的人都可以使用与高盛一些最富有的客户使用的相同的交易算法，每年只需支付 0.35% 的咨询费。但投资专家表示，在搭上机器人投资列车之前，还有更多成本需要考虑。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“加利福尼亚州圣地亚哥的财务顾问万斯-巴尔斯（Vance Barse）说：”就像在拉斯维加斯一样，房子通常会赢。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>虽然 35 个基点的价格标签对高盛来说是 “亏损领先”，但他说，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“他说：”人们忘记了银行的最终生意是赚钱。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括 Vanguard、Fidelity 和 Schwab SCHW，+1.03%，以及 Betterment 和 Wealthfront 等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪人的费用会增加到1%或以上。行业出版物《Inside Information》对近 1,000 名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和 Betterment 提供的机器人顾问与 Robinhood 等机器人平台不同。前者建议投资组合专注于交易所交易基金，而 Robinhood 允许用户投资单个 ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是抢劫投资呢？把它想象成自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心司机把你引向错误的方向，你就不能轻易踩下刹车。如果您赶时间，想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好和期望的短期和长期回报等因素设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，通常收取不超过0.5%的年费，而人力投资顾问的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能会成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅-洛（Cynthia Loh）不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务拥有更多来自人类的投入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在 MarketWatch 上所写： “关于自动化投资的一个常见误解是，选择机器人顾问实质上意味着将资金控制权交给机器人。事实是，机器人解决方案结合了自动化组件和人工组件，在幕后运行。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以从 “一劳永逸”的投资方式中得到安慰，让市场自行其是。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet 的投资和退休专家蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）说，这使得你更容易承受市场波动，因为你知道你不一定要一时冲动地做出买卖资产的决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“她说：”当你投资时，你不会想一直盯着市场看，然后说'哦，我需要摆脱困境'。“你想让专业人士帮你渡过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合”。</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会增加。即使你有世界上最优秀的理财顾问，你也不能指望这一点”。</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对年长投资者有吸引力。“退休后的规划和支付是很复杂的。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh 说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更精简、更便宜的投资方式，而机器人投资正好符合要求。他们很乐意让技术来处理投资者自己动手更难、更耗时的平凡活动，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>经常没有门可以敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。在大多数机器人投资平台上，您需要填写的简单问卷将收集有关您的年收入、理想退休年龄和您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>不过，它不会知道你是刚刚有了孩子，想开始为孩子以后的教育存钱，还是最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了，这个人会向谁寻求建议，该平台是否提供建议，如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化的投资建议，而提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，总部位于纽约市的财务咨询集团 Lifelaidout 的注册财务规划师罗杰-马（Roger Ma）说，机器人顾问不一定 “在管理资金时考虑到税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售累积亏损的资产。《工作你的钱，而不是你的生活》一书的作者马云说，传统顾问通常专门构建投资组合，以获得最节税的结果。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但对于机器人投资，为您进行的交易与为许多其他投资者进行的交易相同，这些投资者可能与您处于不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，但尤其是对初学者来说，它可能会 “使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“他说：”如果你只是想尝试一下，想感觉自己投资的是一个多元化的投资组合，我不会说绝对不要做机器人顾问。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金会选择单一基金进行投资，并根据投资目标随着时间的推移调整仓位。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人建议和人类建议。2015 年，MarketWatch 邀请了四位著名的机器人顾问和四位传统的有血有肉的机器人顾问，为一位假设的 35 岁、拥有 40,000 美元投资的投资者构建投资组合。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>结果也许让机器人顾问的批评者感到惊讶。Pinnacle Advisory Group 的研究总监迈克尔-基茨（Michael Kitces）在审查了结果后说，机器人的建议与人类顾问的建议 “没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187506778,"gmtCreate":1623757535494,"gmtModify":1634028909632,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187506778","repostId":"1175653021","repostType":4,"isVote":1,"tweetType":1,"viewCount":2802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323785643,"gmtCreate":1615376535082,"gmtModify":1703488095601,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323785643","repostId":"2118644879","repostType":4,"isVote":1,"tweetType":1,"viewCount":1499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323785008,"gmtCreate":1615376514904,"gmtModify":1703488095081,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323785008","repostId":"1135675667","repostType":4,"repost":{"id":"1135675667","kind":"news","pubTimestamp":1615374681,"share":"https://www.laohunote.com/m/news/1135675667?lang=zh_CN&edition=full","pubTime":"2021-03-10 19:11","market":"us","language":"en","title":"Verizon, AT&T, and T-Mobile All Host Investor Days This Week. Here’s What To Expect.<blockquote>威瑞森、美国电话电报公司和T-Mobile本周都举办了投资者日。以下是可以期待的。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135675667","media":"Barrons","summary":"With a record-breaking wireless spectrum auction completed and 5G rollouts underway, the three large","content":"<p>With a record-breaking&nbsp;wireless spectrum auction&nbsp;completed and&nbsp;5G rollouts underway, the three largest U.S. telecom companies will all speak with investors this week to lay out their future strategies and capital allocation priorities.Expect plenty of 5G&nbsp;network-related hyperbole, big spending plans, and some new financial guidance and operating targets.</p><p><blockquote>随着破纪录的无线频谱拍卖的完成和5G部署的进行，美国三大电信公司都将在本周与投资者交谈，阐述他们的未来战略和资本配置优先事项。预计会有大量与 5G 网络相关的夸张言论、巨额支出计划以及一些新的财务指导和运营目标。</blockquote></p><p> Verizon Communications’ (ticker: VZ) investor day is on Wednesday evening, followed byT-Mobile US’ (TMUS) on Thursday afternoon. AT&amp;T (T) management will get the last word on Friday morning. Here’s whatWall Street will be looking forfrom each of the events.</p><p><blockquote>Verizon Communications（股票代码：VZ）的投资者日将于周三晚上举行，byT-Mobile US（TMUS）将于周四下午举行。美国电话电报公司（T）管理层将在周五上午获得最终决定权。以下是华尔街对每场活动的期待。</blockquote></p><p> <b>Verizon (Wednesday at 6 p.m. ET)</b></p><p><blockquote><b>Verizon（美国东部时间周三下午 6 点）</b></blockquote></p><p> Verizonwas the biggest spenderin the recently completed C-Band wireless spectrum auction, dropping $53 billion after clearing costs. The licenses up for auction count as mid-band spectrum, which offers an attractive trade-off betweencapacity and range for 5G networks. Management will likely make its expanded portfolio thecenterpiece of their pitchto investors on Wednesday, as a step toward its future network goals.</p><p><blockquote>在最近完成的C波段无线频谱拍卖中，威瑞森是最大的支出者，在清算成本后下降了530亿美元。拍卖的许可证被视为中频段频谱，为5G网络在容量和范围之间提供了有吸引力的权衡。管理层可能会将其扩大的投资组合作为周三向投资者宣传的核心，作为迈向未来网络目标的一步。</blockquote></p><p> “Verizon needs to help investors draw a line from where they were last year to where they say they’re heading over the next five and 10 years,” says Bernstein analyst Peter Supino. “The stock has remained more of a function of what Verizon is today than what it might be tomorrow.”</p><p><blockquote>“伯恩斯坦分析师彼得-苏皮诺（Peter Supino）说：”Verizon 需要帮助投资者从去年的情况到他们所说的未来 5 年和 10 年的发展方向划清界限。“Verizon 的股票仍然更多地取决于 Verizon 今天的情况，而不是明天的情况。”</blockquote></p><p> That long-term visionincludes an integrated wireless and wired footprint that serves all of Verizon’s customers on one seamless network. Expect to hear the terms “network-as-a-service” and “Intelligent Edge Network” many times at the investor day.</p><p><blockquote>这一长期愿景包括一个集成的无线和有线网络，通过一个无缝网络为 Verizon 的所有客户提供服务。在投资者日，预计会多次听到 “网络即服务 ”和 “智能边缘网络 ”这两个词。</blockquote></p><p> Supino would like to see some tangible operating metrics or milestones that investors can use to judge Verizon’s network progress in the coming years, and shift attention fromits slow-growth present—although with industry-leading margins—in a saturated U.S. wireless market. He sees the biggest opportunities in 5G home broadband and business mobile. Sales growth at Verizon lately has comemore from nudging consumer subscribersto more expensive monthly plans than from growing its subscriber base.</p><p><blockquote>Supino 希望看到一些切实的运营指标或里程碑，投资者可以利用这些指标来判断 Verizon 未来几年的网络进展，并将注意力从饱和的美国无线市场中缓慢增长的现状（尽管利润率处于行业领先地位）转移开来。他看到了5G家庭宽带和商务移动的最大机会。Verizon 最近的销售增长更多地归功于推动消费者订阅更昂贵的月度计划，而不是扩大用户群。</blockquote></p><p> Verizon management will also likely detail theirplans to reduce debtafter the C-Band splurge, which will likely keep buybacks off the table through 2023. Options prices imply about a 2% move in Verizon stock this week, according to data from Bloomberg. The shares have lost about 3% since the start of 2020, versus a 21% return for theS&amp;P 500and 14% for theDow Jones Industrial Average.</p><p><blockquote>Verizon 管理层也可能会详细说明他们在 C 波段挥霍后减少债务的计划，这可能会在 2023 年之前阻止回购。根据彭博社的数据，期权价格意味着本周 Verizon 股价将上涨约 2%。自 2020 年初以来，该股已下跌约 3%，而标准普尔 500 指数的回报率为 21%，道琼斯工业平均指数的回报率为 14%。</blockquote></p><p> <b>T-Mobile (Thursday at 2 p.m. ET)</b></p><p><blockquote><b>T-Mobile（美国东部时间周四下午 2 点）</b></blockquote></p><p> T-Mobile’s investor day will likely be more of an update on its Sprint merger integration progress. T-Mobile spent about $11 billion in the C-Band auction, but got the bulk of its mid-band spectrum portfolio from Sprint. It has been almost a year since the companiescombined last April, but T-Mobile’s management hasn’t updatedmerger-related financial targetssince the spring of 2018, when the deal was first announced.</p><p><blockquote>T-Mobile 的投资者日可能更多的是关于其Sprint合并整合进展的最新消息。T-Mobile 在 C 频段拍卖中花费了约 110 亿美元，但从Sprint获得了大部分中频段频谱组合。自去年 4 月两家公司合并以来，已经过去了近一年，但自 2018 年春季首次宣布交易以来，T-Mobile 的管理层一直没有更新与合并相关的财务目标。</blockquote></p><p> Back then, they expected to achieve more than $6 billion of annual cost savings within four years of the merger—thanks to combining the two networks, economies of scale, and eliminating redundant marketing, sales, and back office functions and expenses. At the end of 2020, T-Mobile had already achieved $1.3 billion in annual cost savings and last month the companyguided to $2.7 billion to $3 billionin annual synergies in 2021.</p><p><blockquote>当时，他们预计在合并后的四年内每年可节省超过 60 亿美元的成本——这要归功于合并两个网络、规模经济以及消除多余的营销、销售和后台职能和费用。截至 2020 年底，T-Mobile 的年度成本节约已达到 13 亿美元，上个月该公司预计 2021 年的年度协同效应将达到 27 亿至 30 亿美元。</blockquote></p><p> Other 2018 targets includedgrowing its service revenuesby 2% to 4% annually and an adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—margin of 54% to 57% over time, from about 41% at the time of the announcement. And in 2018, T-Mobile management also guided to $16 billion to $18 billion in annual free cash flow (FCF) over the long term, up from about $11.5 billion combined before the merger.</p><p><blockquote>2018 年的其他目标包括服务收入每年增长 2% 至 4%，调整后的 Ebitda（或息税折旧摊销前利润）利润率从公告发布时的约 41% 提高到 54% 至 57%。2018 年，T-Mobile management 还将长期年度自由现金流 (FCF) 设定为 160 亿至 180 亿美元，高于合并前的约 115 亿美元。</blockquote></p><p> “FCF is the key bogey and how the sausage gets made (subscribers, ARPU, margins, capex) is generally less important and there is no hard and fast consensus that has gelled around these numbers that we can detect,” wrote BofA Securities analyst David Barden on Tuesday. “The FCF outlook will also speak to deleveraging and when TMUS might re-launch its buyback program.”</p><p><blockquote>“美国银行证券（BofA Securities）分析师大卫-巴登（David Barden）周二写道：”自由现金流是关键的瓶颈，而香肠的制作方式（订户、ARPU、利润率、资本支出）通常不太重要，我们可以检测到的围绕这些数字形成的硬而快速的共识。“自由现金流前景还将涉及去杠杆化以及 TMUS 何时重新启动其回购计划”。</blockquote></p><p> The Wall Street consensus estimate is for T-Mobile to hit $17 billion in free cash flow in 2025, up from $3 billion in 2020 and guidance from February of $4.9 billion to $5.4 billion this year.</p><p><blockquote>华尔街一致估计，T-Mobile 到 2025 年的自由现金流将达到 170 亿美元，高于 2020 年的 30 亿美元，以及 2 月份的 49 亿美元至今年的 54 亿美元。</blockquote></p><p> Also expect to see plenty of T-Mobile’s characteristic magenta-hued marketing materials on Thursday, and pronouncements from management aboutleaving competitors weeping, or the like. The company recently announced an expanded enterprise and business service,called T-Mobile WFX, targeted at companies’ work-from-home employees. T-Mobile lags far behind Verizon and AT&amp;T in market share among business customers, so management is likely to point to that as a key new avenue for growth.</p><p><blockquote>预计周四还将看到大量 T-Mobile 标志性的洋红色营销材料，以及管理层关于让竞争对手哭泣的声明等。该公司最近宣布推出一项名为 T-Mobile WFX 的扩展企业和商务服务，目标客户是公司在家工作的员工。T-Mobile 在商业客户中的市场份额远远落后于 Verizon 和 AT&amp;T，因此管理层可能会将其视为一个关键的新增长途径。</blockquote></p><p></p><p> Options pricing implies the largest move in T-Mobile stock this week, at about 4.5% in either direction. Theshares have climbed61% since the start of 2020.</p><p><blockquote>期权定价意味着本周 T-Mobile 股票的最大波动，双向涨幅约为 4.5%。自 2020 年初以来，股价已上涨 61%。</blockquote></p><p> <b>AT&amp;T (Friday at 10 a.m.)</b></p><p><blockquote><b>AT&amp;T（周五上午 10 点）</b></blockquote></p><p> AT&amp;T’s latest move was a spinoff of DirecTV and its other pay-TV assets, which will bring inclose to $8 billion in cashbut also take that business’ profits off of AT&amp;T’s income statement.Perhaps ironically, the result is a higher net-debt-to-Ebitda ratio than before the deal. AT&amp;T’s leverage and dividend demandshave been contentious topicsamong investors and analysts since the company’s blockbuster acquisition of Time Warner in 2018.</p><p><blockquote>AT&amp;T 的最新举措是剥离 DirecTV 及其其他付费电视资产，这将带来近 80 亿美元的现金，但也会将该业务的利润从 AT&amp;T 的损益表中剔除。也许具有讽刺意味的是，结果是净债务与 Ebitda 的比率比交易前更高。自 AT&amp;T 于 2018 年一鸣惊人地收购时代华纳以来，AT&amp;T 的杠杆率和股息需求一直是投资者和分析师争论的话题。</blockquote></p><p> AT&amp;T management is likely to underline theircommitment to the dividend, which currently yields about 7% annually, and may give an update on their debt-reduction plans or long-term leverage target. AT&amp;T’s C-Band bill is about $28 billion including clearing costs.</p><p><blockquote>AT&amp;T 管理层可能会强调他们对股息的承诺，目前股息的年收益率约为 7%，并可能会提供有关其债务削减计划或长期杠杆目标的最新信息。包括清算费用在内，AT&amp;T 的 C 波段账单约为 280 亿美元。</blockquote></p><p> The company hasno shortage of investment prioritieseither: CEO John Stankey has identified fiber-optic cable spending, 5G network upgrades, and content for HBO Max as key investment areas in recent remarks.</p><p><blockquote>该公司也不乏投资重点：首席执行官约翰·斯坦基（John Stankey）在最近的讲话中将光纤电缆支出、5G网络升级和HBO Max内容确定为关键投资领域。</blockquote></p><p> “We expect management focus to be on 1) Customer growth (Wireless, Broadband, HBO Max—with revised subscriber targets), 2) Connectivity (capex plans for fiber and spectrum deployment) and 3) Content (investment to support HBO Max growth),” wrote UBS analyst John Hodulik in a recent report.</p><p><blockquote>“瑞银分析师约翰-霍杜利克（John Hodulik）在最近的一份报告中写道：”我们预计管理层的重点将放在 1) 客户增长（无线、宽带、HBO Max--修改了用户目标）、2) 连接性（光纤和频谱部署的资本支出计划）和 3) 内容（支持 HBO Max 增长的投资）上。</blockquote></p><p> Speaking at an investor conference last week, WarnerMedia CEO Jason Kilar suggested that there would be a new subscriber target for HBO Max on Friday as well. The company ended 2020 with more than 41 million subscribers on HBO and HBO Max, versus a goal of 50 million by 2025 (offered in late 2019). Recent ambitious streaming subscriber targets fromViacomCBS(VIAC) andDiscovery(DISCA) havesent those stocks soaring, but investors might not give AT&amp;T as much credit for such a move, given its conglomerate structure.</p><p><blockquote>华纳媒体首席执行官杰森·基拉尔在上周的投资者会议上表示，周五HBO Max也将有一个新的订户目标。截至2020年底，该公司在HBO和HBO Max上拥有超过4100万订户，而到2025年的目标是5000万订户（2019年底提供）。ViacomCBS (VIAC) 和 Discovery (DISCA) 最近雄心勃勃的流媒体用户目标导致这些股票飙升，但考虑到 AT&amp;T 的企业集团结构，投资者可能不会对其此举给予太多信任。</blockquote></p><p> Options pricing implies a move of about 2.5% in either direction for AT&amp;T stock this week, according to Bloomberg data. AT&amp;T stock has lost 17% after dividends since the start of 2020.</p><p><blockquote>根据彭博社的数据，期权定价意味着本周 AT&amp;T 股票将朝两个方向波动约 2.5%。自 2020 年初以来，AT&amp;T 股价在派息后已下跌 17%。</blockquote></p><p></p>","source":"lsy1601382232898","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>Verizon, AT&T, and T-Mobile All Host Investor Days This Week. Here’s What To Expect.<blockquote>威瑞森、美国电话电报公司和T-Mobile本周都举办了投资者日。以下是可以期待的。</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nVerizon, AT&T, and T-Mobile All Host Investor Days This Week. Here’s What To Expect.<blockquote>威瑞森、美国电话电报公司和T-Mobile本周都举办了投资者日。以下是可以期待的。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-10 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With a record-breaking&nbsp;wireless spectrum auction&nbsp;completed and&nbsp;5G rollouts underway, the three largest U.S. telecom companies will all speak with investors this week to lay out their future strategies and capital allocation priorities.Expect plenty of 5G&nbsp;network-related hyperbole, big spending plans, and some new financial guidance and operating targets.</p><p><blockquote>随着破纪录的无线频谱拍卖的完成和5G部署的进行，美国三大电信公司都将在本周与投资者交谈，阐述他们的未来战略和资本配置优先事项。预计会有大量与 5G 网络相关的夸张言论、巨额支出计划以及一些新的财务指导和运营目标。</blockquote></p><p> Verizon Communications’ (ticker: VZ) investor day is on Wednesday evening, followed byT-Mobile US’ (TMUS) on Thursday afternoon. AT&amp;T (T) management will get the last word on Friday morning. Here’s whatWall Street will be looking forfrom each of the events.</p><p><blockquote>Verizon Communications（股票代码：VZ）的投资者日将于周三晚上举行，byT-Mobile US（TMUS）将于周四下午举行。美国电话电报公司（T）管理层将在周五上午获得最终决定权。以下是华尔街对每场活动的期待。</blockquote></p><p> <b>Verizon (Wednesday at 6 p.m. ET)</b></p><p><blockquote><b>Verizon（美国东部时间周三下午 6 点）</b></blockquote></p><p> Verizonwas the biggest spenderin the recently completed C-Band wireless spectrum auction, dropping $53 billion after clearing costs. The licenses up for auction count as mid-band spectrum, which offers an attractive trade-off betweencapacity and range for 5G networks. Management will likely make its expanded portfolio thecenterpiece of their pitchto investors on Wednesday, as a step toward its future network goals.</p><p><blockquote>在最近完成的C波段无线频谱拍卖中，威瑞森是最大的支出者，在清算成本后下降了530亿美元。拍卖的许可证被视为中频段频谱，为5G网络在容量和范围之间提供了有吸引力的权衡。管理层可能会将其扩大的投资组合作为周三向投资者宣传的核心，作为迈向未来网络目标的一步。</blockquote></p><p> “Verizon needs to help investors draw a line from where they were last year to where they say they’re heading over the next five and 10 years,” says Bernstein analyst Peter Supino. “The stock has remained more of a function of what Verizon is today than what it might be tomorrow.”</p><p><blockquote>“伯恩斯坦分析师彼得-苏皮诺（Peter Supino）说：”Verizon 需要帮助投资者从去年的情况到他们所说的未来 5 年和 10 年的发展方向划清界限。“Verizon 的股票仍然更多地取决于 Verizon 今天的情况，而不是明天的情况。”</blockquote></p><p> That long-term visionincludes an integrated wireless and wired footprint that serves all of Verizon’s customers on one seamless network. Expect to hear the terms “network-as-a-service” and “Intelligent Edge Network” many times at the investor day.</p><p><blockquote>这一长期愿景包括一个集成的无线和有线网络，通过一个无缝网络为 Verizon 的所有客户提供服务。在投资者日，预计会多次听到 “网络即服务 ”和 “智能边缘网络 ”这两个词。</blockquote></p><p> Supino would like to see some tangible operating metrics or milestones that investors can use to judge Verizon’s network progress in the coming years, and shift attention fromits slow-growth present—although with industry-leading margins—in a saturated U.S. wireless market. He sees the biggest opportunities in 5G home broadband and business mobile. Sales growth at Verizon lately has comemore from nudging consumer subscribersto more expensive monthly plans than from growing its subscriber base.</p><p><blockquote>Supino 希望看到一些切实的运营指标或里程碑，投资者可以利用这些指标来判断 Verizon 未来几年的网络进展，并将注意力从饱和的美国无线市场中缓慢增长的现状（尽管利润率处于行业领先地位）转移开来。他看到了5G家庭宽带和商务移动的最大机会。Verizon 最近的销售增长更多地归功于推动消费者订阅更昂贵的月度计划，而不是扩大用户群。</blockquote></p><p> Verizon management will also likely detail theirplans to reduce debtafter the C-Band splurge, which will likely keep buybacks off the table through 2023. Options prices imply about a 2% move in Verizon stock this week, according to data from Bloomberg. The shares have lost about 3% since the start of 2020, versus a 21% return for theS&amp;P 500and 14% for theDow Jones Industrial Average.</p><p><blockquote>Verizon 管理层也可能会详细说明他们在 C 波段挥霍后减少债务的计划，这可能会在 2023 年之前阻止回购。根据彭博社的数据，期权价格意味着本周 Verizon 股价将上涨约 2%。自 2020 年初以来，该股已下跌约 3%，而标准普尔 500 指数的回报率为 21%，道琼斯工业平均指数的回报率为 14%。</blockquote></p><p> <b>T-Mobile (Thursday at 2 p.m. ET)</b></p><p><blockquote><b>T-Mobile（美国东部时间周四下午 2 点）</b></blockquote></p><p> T-Mobile’s investor day will likely be more of an update on its Sprint merger integration progress. T-Mobile spent about $11 billion in the C-Band auction, but got the bulk of its mid-band spectrum portfolio from Sprint. It has been almost a year since the companiescombined last April, but T-Mobile’s management hasn’t updatedmerger-related financial targetssince the spring of 2018, when the deal was first announced.</p><p><blockquote>T-Mobile 的投资者日可能更多的是关于其Sprint合并整合进展的最新消息。T-Mobile 在 C 频段拍卖中花费了约 110 亿美元，但从Sprint获得了大部分中频段频谱组合。自去年 4 月两家公司合并以来，已经过去了近一年，但自 2018 年春季首次宣布交易以来，T-Mobile 的管理层一直没有更新与合并相关的财务目标。</blockquote></p><p> Back then, they expected to achieve more than $6 billion of annual cost savings within four years of the merger—thanks to combining the two networks, economies of scale, and eliminating redundant marketing, sales, and back office functions and expenses. At the end of 2020, T-Mobile had already achieved $1.3 billion in annual cost savings and last month the companyguided to $2.7 billion to $3 billionin annual synergies in 2021.</p><p><blockquote>当时，他们预计在合并后的四年内每年可节省超过 60 亿美元的成本——这要归功于合并两个网络、规模经济以及消除多余的营销、销售和后台职能和费用。截至 2020 年底，T-Mobile 的年度成本节约已达到 13 亿美元，上个月该公司预计 2021 年的年度协同效应将达到 27 亿至 30 亿美元。</blockquote></p><p> Other 2018 targets includedgrowing its service revenuesby 2% to 4% annually and an adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—margin of 54% to 57% over time, from about 41% at the time of the announcement. And in 2018, T-Mobile management also guided to $16 billion to $18 billion in annual free cash flow (FCF) over the long term, up from about $11.5 billion combined before the merger.</p><p><blockquote>2018 年的其他目标包括服务收入每年增长 2% 至 4%，调整后的 Ebitda（或息税折旧摊销前利润）利润率从公告发布时的约 41% 提高到 54% 至 57%。2018 年，T-Mobile management 还将长期年度自由现金流 (FCF) 设定为 160 亿至 180 亿美元，高于合并前的约 115 亿美元。</blockquote></p><p> “FCF is the key bogey and how the sausage gets made (subscribers, ARPU, margins, capex) is generally less important and there is no hard and fast consensus that has gelled around these numbers that we can detect,” wrote BofA Securities analyst David Barden on Tuesday. “The FCF outlook will also speak to deleveraging and when TMUS might re-launch its buyback program.”</p><p><blockquote>“美国银行证券（BofA Securities）分析师大卫-巴登（David Barden）周二写道：”自由现金流是关键的瓶颈，而香肠的制作方式（订户、ARPU、利润率、资本支出）通常不太重要，我们可以检测到的围绕这些数字形成的硬而快速的共识。“自由现金流前景还将涉及去杠杆化以及 TMUS 何时重新启动其回购计划”。</blockquote></p><p> The Wall Street consensus estimate is for T-Mobile to hit $17 billion in free cash flow in 2025, up from $3 billion in 2020 and guidance from February of $4.9 billion to $5.4 billion this year.</p><p><blockquote>华尔街一致估计，T-Mobile 到 2025 年的自由现金流将达到 170 亿美元，高于 2020 年的 30 亿美元，以及 2 月份的 49 亿美元至今年的 54 亿美元。</blockquote></p><p> Also expect to see plenty of T-Mobile’s characteristic magenta-hued marketing materials on Thursday, and pronouncements from management aboutleaving competitors weeping, or the like. The company recently announced an expanded enterprise and business service,called T-Mobile WFX, targeted at companies’ work-from-home employees. T-Mobile lags far behind Verizon and AT&amp;T in market share among business customers, so management is likely to point to that as a key new avenue for growth.</p><p><blockquote>预计周四还将看到大量 T-Mobile 标志性的洋红色营销材料，以及管理层关于让竞争对手哭泣的声明等。该公司最近宣布推出一项名为 T-Mobile WFX 的扩展企业和商务服务，目标客户是公司在家工作的员工。T-Mobile 在商业客户中的市场份额远远落后于 Verizon 和 AT&amp;T，因此管理层可能会将其视为一个关键的新增长途径。</blockquote></p><p></p><p> Options pricing implies the largest move in T-Mobile stock this week, at about 4.5% in either direction. Theshares have climbed61% since the start of 2020.</p><p><blockquote>期权定价意味着本周 T-Mobile 股票的最大波动，双向涨幅约为 4.5%。自 2020 年初以来，股价已上涨 61%。</blockquote></p><p> <b>AT&amp;T (Friday at 10 a.m.)</b></p><p><blockquote><b>AT&amp;T（周五上午 10 点）</b></blockquote></p><p> AT&amp;T’s latest move was a spinoff of DirecTV and its other pay-TV assets, which will bring inclose to $8 billion in cashbut also take that business’ profits off of AT&amp;T’s income statement.Perhaps ironically, the result is a higher net-debt-to-Ebitda ratio than before the deal. AT&amp;T’s leverage and dividend demandshave been contentious topicsamong investors and analysts since the company’s blockbuster acquisition of Time Warner in 2018.</p><p><blockquote>AT&amp;T 的最新举措是剥离 DirecTV 及其其他付费电视资产，这将带来近 80 亿美元的现金，但也会将该业务的利润从 AT&amp;T 的损益表中剔除。也许具有讽刺意味的是，结果是净债务与 Ebitda 的比率比交易前更高。自 AT&amp;T 于 2018 年一鸣惊人地收购时代华纳以来，AT&amp;T 的杠杆率和股息需求一直是投资者和分析师争论的话题。</blockquote></p><p> AT&amp;T management is likely to underline theircommitment to the dividend, which currently yields about 7% annually, and may give an update on their debt-reduction plans or long-term leverage target. AT&amp;T’s C-Band bill is about $28 billion including clearing costs.</p><p><blockquote>AT&amp;T 管理层可能会强调他们对股息的承诺，目前股息的年收益率约为 7%，并可能会提供有关其债务削减计划或长期杠杆目标的最新信息。包括清算费用在内，AT&amp;T 的 C 波段账单约为 280 亿美元。</blockquote></p><p> The company hasno shortage of investment prioritieseither: CEO John Stankey has identified fiber-optic cable spending, 5G network upgrades, and content for HBO Max as key investment areas in recent remarks.</p><p><blockquote>该公司也不乏投资重点：首席执行官约翰·斯坦基（John Stankey）在最近的讲话中将光纤电缆支出、5G网络升级和HBO Max内容确定为关键投资领域。</blockquote></p><p> “We expect management focus to be on 1) Customer growth (Wireless, Broadband, HBO Max—with revised subscriber targets), 2) Connectivity (capex plans for fiber and spectrum deployment) and 3) Content (investment to support HBO Max growth),” wrote UBS analyst John Hodulik in a recent report.</p><p><blockquote>“瑞银分析师约翰-霍杜利克（John Hodulik）在最近的一份报告中写道：”我们预计管理层的重点将放在 1) 客户增长（无线、宽带、HBO Max--修改了用户目标）、2) 连接性（光纤和频谱部署的资本支出计划）和 3) 内容（支持 HBO Max 增长的投资）上。</blockquote></p><p> Speaking at an investor conference last week, WarnerMedia CEO Jason Kilar suggested that there would be a new subscriber target for HBO Max on Friday as well. The company ended 2020 with more than 41 million subscribers on HBO and HBO Max, versus a goal of 50 million by 2025 (offered in late 2019). Recent ambitious streaming subscriber targets fromViacomCBS(VIAC) andDiscovery(DISCA) havesent those stocks soaring, but investors might not give AT&amp;T as much credit for such a move, given its conglomerate structure.</p><p><blockquote>华纳媒体首席执行官杰森·基拉尔在上周的投资者会议上表示，周五HBO Max也将有一个新的订户目标。截至2020年底，该公司在HBO和HBO Max上拥有超过4100万订户，而到2025年的目标是5000万订户（2019年底提供）。ViacomCBS (VIAC) 和 Discovery (DISCA) 最近雄心勃勃的流媒体用户目标导致这些股票飙升，但考虑到 AT&amp;T 的企业集团结构，投资者可能不会对其此举给予太多信任。</blockquote></p><p> Options pricing implies a move of about 2.5% in either direction for AT&amp;T stock this week, according to Bloomberg data. AT&amp;T stock has lost 17% after dividends since the start of 2020.</p><p><blockquote>根据彭博社的数据，期权定价意味着本周 AT&amp;T 股票将朝两个方向波动约 2.5%。自 2020 年初以来，AT&amp;T 股价在派息后已下跌 17%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/verizon-att-tmobile-stock-investor-days-51615327751?mod=hp_LEAD_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMUS":"T-Mobile US Inc","VZ":"Verizon Comms","T":"At&T"},"source_url":"https://www.barrons.com/articles/verizon-att-tmobile-stock-investor-days-51615327751?mod=hp_LEAD_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135675667","content_text":"With a record-breaking wireless spectrum auction completed and 5G rollouts underway, the three largest U.S. telecom companies will all speak with investors this week to lay out their future strategies and capital allocation priorities.Expect plenty of 5G network-related hyperbole, big spending plans, and some new financial guidance and operating targets.\nVerizon Communications’ (ticker: VZ) investor day is on Wednesday evening, followed byT-Mobile US’ (TMUS) on Thursday afternoon. AT&T (T) management will get the last word on Friday morning. Here’s whatWall Street will be looking forfrom each of the events.\nVerizon (Wednesday at 6 p.m. ET)\nVerizonwas the biggest spenderin the recently completed C-Band wireless spectrum auction, dropping $53 billion after clearing costs. The licenses up for auction count as mid-band spectrum, which offers an attractive trade-off betweencapacity and range for 5G networks. Management will likely make its expanded portfolio thecenterpiece of their pitchto investors on Wednesday, as a step toward its future network goals.\n“Verizon needs to help investors draw a line from where they were last year to where they say they’re heading over the next five and 10 years,” says Bernstein analyst Peter Supino. “The stock has remained more of a function of what Verizon is today than what it might be tomorrow.”\nThat long-term visionincludes an integrated wireless and wired footprint that serves all of Verizon’s customers on one seamless network. Expect to hear the terms “network-as-a-service” and “Intelligent Edge Network” many times at the investor day.\nSupino would like to see some tangible operating metrics or milestones that investors can use to judge Verizon’s network progress in the coming years, and shift attention fromits slow-growth present—although with industry-leading margins—in a saturated U.S. wireless market. He sees the biggest opportunities in 5G home broadband and business mobile. Sales growth at Verizon lately has comemore from nudging consumer subscribersto more expensive monthly plans than from growing its subscriber base.\nVerizon management will also likely detail theirplans to reduce debtafter the C-Band splurge, which will likely keep buybacks off the table through 2023. Options prices imply about a 2% move in Verizon stock this week, according to data from Bloomberg. The shares have lost about 3% since the start of 2020, versus a 21% return for theS&P 500and 14% for theDow Jones Industrial Average.\nT-Mobile (Thursday at 2 p.m. ET)\nT-Mobile’s investor day will likely be more of an update on its Sprint merger integration progress. T-Mobile spent about $11 billion in the C-Band auction, but got the bulk of its mid-band spectrum portfolio from Sprint. It has been almost a year since the companiescombined last April, but T-Mobile’s management hasn’t updatedmerger-related financial targetssince the spring of 2018, when the deal was first announced.\nBack then, they expected to achieve more than $6 billion of annual cost savings within four years of the merger—thanks to combining the two networks, economies of scale, and eliminating redundant marketing, sales, and back office functions and expenses. At the end of 2020, T-Mobile had already achieved $1.3 billion in annual cost savings and last month the companyguided to $2.7 billion to $3 billionin annual synergies in 2021.\nOther 2018 targets includedgrowing its service revenuesby 2% to 4% annually and an adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—margin of 54% to 57% over time, from about 41% at the time of the announcement. And in 2018, T-Mobile management also guided to $16 billion to $18 billion in annual free cash flow (FCF) over the long term, up from about $11.5 billion combined before the merger.\n“FCF is the key bogey and how the sausage gets made (subscribers, ARPU, margins, capex) is generally less important and there is no hard and fast consensus that has gelled around these numbers that we can detect,” wrote BofA Securities analyst David Barden on Tuesday. “The FCF outlook will also speak to deleveraging and when TMUS might re-launch its buyback program.”\nThe Wall Street consensus estimate is for T-Mobile to hit $17 billion in free cash flow in 2025, up from $3 billion in 2020 and guidance from February of $4.9 billion to $5.4 billion this year.\nAlso expect to see plenty of T-Mobile’s characteristic magenta-hued marketing materials on Thursday, and pronouncements from management aboutleaving competitors weeping, or the like. The company recently announced an expanded enterprise and business service,called T-Mobile WFX, targeted at companies’ work-from-home employees. T-Mobile lags far behind Verizon and AT&T in market share among business customers, so management is likely to point to that as a key new avenue for growth.\nOptions pricing implies the largest move in T-Mobile stock this week, at about 4.5% in either direction. Theshares have climbed61% since the start of 2020.\nAT&T (Friday at 10 a.m.)\nAT&T’s latest move was a spinoff of DirecTV and its other pay-TV assets, which will bring inclose to $8 billion in cashbut also take that business’ profits off of AT&T’s income statement.Perhaps ironically, the result is a higher net-debt-to-Ebitda ratio than before the deal. AT&T’s leverage and dividend demandshave been contentious topicsamong investors and analysts since the company’s blockbuster acquisition of Time Warner in 2018.\nAT&T management is likely to underline theircommitment to the dividend, which currently yields about 7% annually, and may give an update on their debt-reduction plans or long-term leverage target. AT&T’s C-Band bill is about $28 billion including clearing costs.\nThe company hasno shortage of investment prioritieseither: CEO John Stankey has identified fiber-optic cable spending, 5G network upgrades, and content for HBO Max as key investment areas in recent remarks.\n“We expect management focus to be on 1) Customer growth (Wireless, Broadband, HBO Max—with revised subscriber targets), 2) Connectivity (capex plans for fiber and spectrum deployment) and 3) Content (investment to support HBO Max growth),” wrote UBS analyst John Hodulik in a recent report.\nSpeaking at an investor conference last week, WarnerMedia CEO Jason Kilar suggested that there would be a new subscriber target for HBO Max on Friday as well. The company ended 2020 with more than 41 million subscribers on HBO and HBO Max, versus a goal of 50 million by 2025 (offered in late 2019). Recent ambitious streaming subscriber targets fromViacomCBS(VIAC) andDiscovery(DISCA) havesent those stocks soaring, but investors might not give AT&T as much credit for such a move, given its conglomerate structure.\nOptions pricing implies a move of about 2.5% in either direction for AT&T stock this week, according to Bloomberg data. AT&T stock has lost 17% after dividends since the start of 2020.","news_type":1,"symbols_score_info":{"TMUS":0.9,"VZ":0.9,"T":0.9}},"isVote":1,"tweetType":1,"viewCount":1518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329410292,"gmtCreate":1615267425716,"gmtModify":1703486499385,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"GT gogo","listText":"GT gogo","text":"GT gogo","images":[{"img":"https://static.tigerbbs.com/1c2b099cb714fc38da51115175ba2b5c","width":"1080","height":"2738"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329410292","isVote":1,"tweetType":1,"viewCount":1470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":366398814,"gmtCreate":1614391020238,"gmtModify":1703477211175,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366398814","repostId":"2114024883","repostType":2,"isVote":1,"tweetType":1,"viewCount":1373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366391351,"gmtCreate":1614390912873,"gmtModify":1703477209273,"author":{"id":"3570594690341208","authorId":"3570594690341208","name":"Anslyy","avatar":"https://static.tigerbbs.com/70edd673669436b2a03e50ddfabd03a8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570594690341208","authorIdStr":"3570594690341208"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366391351","repostId":"1146313632","repostType":4,"repost":{"id":"1146313632","kind":"news","pubTimestamp":1614334339,"share":"https://www.laohunote.com/m/news/1146313632?lang=zh_CN&edition=full","pubTime":"2021-02-26 18:12","market":"us","language":"en","title":"Gamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146313632","media":"Options AI: Learn","summary":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from ","content":"<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><p><blockquote><b>游戏驿站公司</b>过去几天股价飙升，该股一度较上周上涨近 200%（但仍较最近的空头挤压高点大幅下跌）。我们将研究像游戏驿站这样高波动性股票的期权中出现的独特情况，以及在交易期权之前可能需要考虑的一些事情。</blockquote></p><p><hr><b>Gamestop: The Expected Move</b></p><p><blockquote><hr/><b>游戏驿站：预期之举</b></blockquote></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><blockquote>首先，看看期权如何为即将到来的走势定价。这是游戏驿站的期权 AI 预期走势图，截至本周五收盘，预计将上涨近 30%。下个月的定价约为 80%。包含盈利事件的月份（未经确认）：</blockquote></p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Gamestop: Call Spreads vs Outright Calls</p><p><blockquote>游戏驿站：看涨期权价差 vs 彻底评级</blockquote></p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p><blockquote>以 3 月 19 日为到期日，我们首先查看看涨价差，并直接与直接评级进行比较。对于像游戏驿站这样波动性很大的股票，评级的股价可能会很昂贵。正因为如此，许多交易者诉诸购买远远超出资金评级。对上行评级的需求增加了这些评级的波动性，使它们相对于平价评级变得昂贵——这种现象被称为倾斜。然而，对于那些看涨的人来说，这可能会创造一个利用价差而不是直接购买看涨期权的机会。让我们看看怎么做。</blockquote></p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p><blockquote>在这里，我们将重点关注一种替代方案——使用借方利差来降低定向交易的总成本（同时通过降低盈亏平衡水平来提高交易本身的盈利概率）。它通过出售那些相对昂贵的平价评级来帮助购买更接近平价的看涨期权来做到这一点。</blockquote></p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p><blockquote>游戏驿站接近 105 美元，<b>3月19日110/190借方看涨期权利差</b>约为 15 美元，目标是 3 月 19 日的看涨预期走势。借方看涨期权利差需要股票在 3 月 19 日高于 125 美元才能盈利。</blockquote></p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><blockquote>相比之下，GME 3月19日200评级的交易价格为29美元。这几乎是 200 看涨期权成本的两倍，前者需要在 3 月 19 日之前股票价格高于 229 美元……而看涨期权价差则需要股票价格高于 125 美元。以下是期权人工智能图表上这两笔交易的并排比较。首先，200 看涨期权：</blockquote></p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>And next, the 145/200 debit call spread:</p><p><blockquote>接下来，145/200借方看涨期权价差：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p><blockquote>正如您所看到的，不仅看涨期权价差更便宜，而且上行盈利的点更接近股票当前的交易位置。（如盈亏平衡的灰色价格所示。）</blockquote></p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p><blockquote>关于盈利概率的注释。这些交易显示的利润概率是基于分配给交易盈亏平衡点的增量。105 美元股票中 200 看涨期权的交易价格接近 50 个三角洲，这一事实表明游戏驿站波动性对其期权（难以借入、扭曲、散户对价外评级的需求）产生了多么扭曲的影响。</blockquote></p><p>Directional Butterflies vs Outright Puts</p><p><blockquote>定向蝴蝶与直接看跌期权</blockquote></p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p><blockquote>高波动性也会影响看跌期权交易。像游戏驿站这样的高波动性股票的一个反直觉方面是，其隐含波动性可能会随着股价上涨而上升，随着股价下跌而下降。这与我们通常对波动性的看法相反。因此，随着股价下跌，购买直接看跌期权存在波动性暴跌（因此溢价暴跌）的风险。因此，即使股票朝着预期的方向移动，作为期权持有者，您也可能无法实现预期的收益。</blockquote></p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p><blockquote>对抗股票高隐含波动性的一种方法，尤其是在持有看跌观点的情况下，就是成为期权费的净卖家。卖给看涨期权交易者，而不是加入看跌期权交易者。传统上，这可能采取出售信用看涨期权利差的形式。但就 GME 而言，这意味着以比更接近资金的看涨期权更高的波动性购买（昂贵的）上行看涨期权（如上所述）。</blockquote></p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p><blockquote>因此，交易者可以考虑的一种期权策略是使用蝴蝶。一种更典型地与中性交易观点相关的期权交易，但在这里适应于实际创建一个有针对性的（看跌）方向观点。</blockquote></p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><blockquote>例如，这里有一个蝴蝶，其中心打击集中在 80 美元的股票上，3 月 19 日到期：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p><p><blockquote>这种130/80/30的蝴蝶有115和45的盈亏平衡点，这意味着如果股票在3月19日到期时介于这两个价格之间，交易是有利可图的……如果股票处于或接近80美元，则会出现最大收益。它具有空头溢价的额外动力，如果股票保持在其范围内，如果隐含波动性被压缩，市场将获得上涨。</blockquote></p><p></p>","source":"lsy1614334070724","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>Gamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nGamestop And High Volatility Options<blockquote>游戏驿站和高波幅期权</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Options AI: Learn</strong><span class=\"h-time small\">2021-02-26 18:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><p><blockquote><b>游戏驿站公司</b>过去几天股价飙升，该股一度较上周上涨近 200%（但仍较最近的空头挤压高点大幅下跌）。我们将研究像游戏驿站这样高波动性股票的期权中出现的独特情况，以及在交易期权之前可能需要考虑的一些事情。</blockquote></p><p><hr><b>Gamestop: The Expected Move</b></p><p><blockquote><hr/><b>游戏驿站：预期之举</b></blockquote></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><blockquote>首先，看看期权如何为即将到来的走势定价。这是游戏驿站的期权 AI 预期走势图，截至本周五收盘，预计将上涨近 30%。下个月的定价约为 80%。包含盈利事件的月份（未经确认）：</blockquote></p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Gamestop: Call Spreads vs Outright Calls</p><p><blockquote>游戏驿站：看涨期权价差 vs 彻底评级</blockquote></p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p><blockquote>以 3 月 19 日为到期日，我们首先查看看涨价差，并直接与直接评级进行比较。对于像游戏驿站这样波动性很大的股票，评级的股价可能会很昂贵。正因为如此，许多交易者诉诸购买远远超出资金评级。对上行评级的需求增加了这些评级的波动性，使它们相对于平价评级变得昂贵——这种现象被称为倾斜。然而，对于那些看涨的人来说，这可能会创造一个利用价差而不是直接购买看涨期权的机会。让我们看看怎么做。</blockquote></p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p><blockquote>在这里，我们将重点关注一种替代方案——使用借方利差来降低定向交易的总成本（同时通过降低盈亏平衡水平来提高交易本身的盈利概率）。它通过出售那些相对昂贵的平价评级来帮助购买更接近平价的看涨期权来做到这一点。</blockquote></p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p><blockquote>游戏驿站接近 105 美元，<b>3月19日110/190借方看涨期权利差</b>约为 15 美元，目标是 3 月 19 日的看涨预期走势。借方看涨期权利差需要股票在 3 月 19 日高于 125 美元才能盈利。</blockquote></p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><blockquote>相比之下，GME 3月19日200评级的交易价格为29美元。这几乎是 200 看涨期权成本的两倍，前者需要在 3 月 19 日之前股票价格高于 229 美元……而看涨期权价差则需要股票价格高于 125 美元。以下是期权人工智能图表上这两笔交易的并排比较。首先，200 看涨期权：</blockquote></p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>And next, the 145/200 debit call spread:</p><p><blockquote>接下来，145/200借方看涨期权价差：</blockquote></p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p><blockquote>正如您所看到的，不仅看涨期权价差更便宜，而且上行盈利的点更接近股票当前的交易位置。（如盈亏平衡的灰色价格所示。）</blockquote></p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p><blockquote>关于盈利概率的注释。这些交易显示的利润概率是基于分配给交易盈亏平衡点的增量。105 美元股票中 200 看涨期权的交易价格接近 50 个三角洲，这一事实表明游戏驿站波动性对其期权（难以借入、扭曲、散户对价外评级的需求）产生了多么扭曲的影响。</blockquote></p><p>Directional Butterflies vs Outright Puts</p><p><blockquote>定向蝴蝶与直接看跌期权</blockquote></p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p><blockquote>高波动性也会影响看跌期权交易。像游戏驿站这样的高波动性股票的一个反直觉方面是，其隐含波动性可能会随着股价上涨而上升，随着股价下跌而下降。这与我们通常对波动性的看法相反。因此，随着股价下跌，购买直接看跌期权存在波动性暴跌（因此溢价暴跌）的风险。因此，即使股票朝着预期的方向移动，作为期权持有者，您也可能无法实现预期的收益。</blockquote></p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p><blockquote>对抗股票高隐含波动性的一种方法，尤其是在持有看跌观点的情况下，就是成为期权费的净卖家。卖给看涨期权交易者，而不是加入看跌期权交易者。传统上，这可能采取出售信用看涨期权利差的形式。但就 GME 而言，这意味着以比更接近资金的看涨期权更高的波动性购买（昂贵的）上行看涨期权（如上所述）。</blockquote></p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p><blockquote>因此，交易者可以考虑的一种期权策略是使用蝴蝶。一种更典型地与中性交易观点相关的期权交易，但在这里适应于实际创建一个有针对性的（看跌）方向观点。</blockquote></p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><blockquote>例如，这里有一个蝴蝶，其中心打击集中在 80 美元的股票上，3 月 19 日到期：</blockquote></p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p><p><blockquote>这种130/80/30的蝴蝶有115和45的盈亏平衡点，这意味着如果股票在3月19日到期时介于这两个价格之间，交易是有利可图的……如果股票处于或接近80美元，则会出现最大收益。它具有空头溢价的额外动力，如果股票保持在其范围内，如果隐含波动性被压缩，市场将获得上涨。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://learn.optionsai.com/gamestop-and-high-volatility-options/\">Options AI: Learn</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://learn.optionsai.com/gamestop-and-high-volatility-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146313632","content_text":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.Gamestop: The Expected MoveFirst, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):Gamestop: Call Spreads vs Outright CallsUsing March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.With Gamestop near $105, the March 19th 110/190 Debit Call Spread is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:And next, the 145/200 debit call spread:As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).Directional Butterflies vs Outright PutsHigh volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}