+关注
涨停板1313
暂无个人介绍
IP属地：海外
18
关注
0
粉丝
2
主题
0
勋章
主贴
热门
涨停板1313
2025-08-08
$一亩田(YMT)$
垃圾怎么这么垃圾
涨停板1313
2025-07-26
$Tron Inc.(TRON)$
买入100000股放10年
涨停板1313
2025-04-12
$霸王茶姬(CHA)$
肯定跌破发行价，老板文化水平太低，没花头！
涨停板1313
2025-04-01
$老铺黄金(06181)$
史上第一妖股
涨停板1313
2025-03-06
第三个策略不懂
期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析
涨停板1313
2025-03-05
$特斯拉(TSLA)$
电车时代已过
涨停板1313
2025-02-17
不到33绝对不上车
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4202764904042922","uuid":"4202764904042922","gmtCreate":1739661735439,"gmtModify":1743897579419,"name":"涨停板1313","pinyin":"ztb1313zhangtingban1313","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":18,"tweetSize":9,"questionSize":0,"limitLevel":999,"accountStatus":1,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":2,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.09.27","exceedPercentage":"93.55%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.06.10","exceedPercentage":"93.42%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.03.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":{"badgeId":"228c86a078844d74991fff2b7ab2428d-1","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资经理虎","description":"证券账户累计交易金额达到10万美元","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.03.12","exceedPercentage":"60.59%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":"海外","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":13,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":465411738628360,"gmtCreate":1754651239249,"gmtModify":1754658023646,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/YMT\">$一亩田(YMT)$</a> 垃圾怎么这么垃圾","listText":"<a href=\"https://laohu8.com/S/YMT\">$一亩田(YMT)$</a> 垃圾怎么这么垃圾","text":"$一亩田(YMT)$ 垃圾怎么这么垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/465411738628360","isVote":1,"tweetType":1,"viewCount":1647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":460766221062192,"gmtCreate":1753501062150,"gmtModify":1753501063214,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TRON\">$Tron Inc.(TRON)$</a> 买入100000股放10年","listText":"<a href=\"https://laohu8.com/S/TRON\">$Tron Inc.(TRON)$</a> 买入100000股放10年","text":"$Tron Inc.(TRON)$ 买入100000股放10年","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/460766221062192","isVote":1,"tweetType":1,"viewCount":2120,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3464653850399717","authorId":"3464653850399717","name":"起司_9213","avatar":"https://static.tigerbbs.com/b289deca4491f8ad58d28ab9cc1d2890","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3464653850399717","idStr":"3464653850399717"},"content":"我今晚买 1000 股，放两年看看。","text":"我今晚买 1000 股，放两年看看。","html":"我今晚买 1000 股，放两年看看。"},{"author":{"id":"3464653850399717","authorId":"3464653850399717","name":"起司_9213","avatar":"https://static.tigerbbs.com/b289deca4491f8ad58d28ab9cc1d2890","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3464653850399717","idStr":"3464653850399717"},"content":"@nnn6 刚开始操作","text":"@nnn6 刚开始操作","html":"@nnn6 刚开始操作"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":423510981751040,"gmtCreate":1744414754980,"gmtModify":1744414756591,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHA\">$霸王茶姬(CHA)$</a> 肯定跌破发行价，老板文化水平太低，没花头！","listText":"<a href=\"https://laohu8.com/S/CHA\">$霸王茶姬(CHA)$</a> 肯定跌破发行价，老板文化水平太低，没花头！","text":"$霸王茶姬(CHA)$ 肯定跌破发行价，老板文化水平太低，没花头！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/423510981751040","isVote":1,"tweetType":1,"viewCount":1377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":419633816965592,"gmtCreate":1743481092623,"gmtModify":1743496334864,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/06181\">$老铺黄金(06181)$</a> 史上第一妖股","listText":"<a href=\"https://laohu8.com/S/06181\">$老铺黄金(06181)$</a> 史上第一妖股","text":"$老铺黄金(06181)$ 史上第一妖股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/419633816965592","isVote":1,"tweetType":1,"viewCount":2542,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3518174489286115","authorId":"3518174489286115","name":"洒落秋阳","avatar":"https://static.tigerbbs.com/2ad98e25badbb4648d73730171418e4a","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3518174489286115","idStr":"3518174489286115"},"content":"不开期权，做空被拉爆了","text":"不开期权，做空被拉爆了","html":"不开期权，做空被拉爆了"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410562548986008,"gmtCreate":1741263264030,"gmtModify":1741266523959,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"第三个策略不懂","listText":"第三个策略不懂","text":"第三个策略不懂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410562548986008","repostId":"1114423380","repostType":2,"repost":{"id":"1114423380","kind":"news","weMediaInfo":{"introduction":"期权策略分享","home_visible":1,"media_name":"期权女巫","id":"1020040791","head_image":"https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1741260215,"share":"https://www.laohu8.com/m/news/1114423380?lang=zh_CN&edition=full","pubTime":"2025-03-06 19:23","market":"other","language":"zh","title":"期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析","url":"https://stock-news.laohu8.com/highlight/detail?id=1114423380","media":"期权女巫","summary":"盘前阿里巴巴周四盘前再涨超2%。期权策略构建基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：1、策略一：买入看涨期权——押注阿里巴巴继续上涨示例合约：2025年3月14日到期、行权价140美元看涨期权$BABA 20250314 140.0 CALL$ 关键参数：权利金：577美元Delta：0.553隐含波动率：58.14%盈亏平衡点：145.77美元适用逻辑：事件驱动：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。","content":"<html><head></head><body><p>周三 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efcacb244b0b6f7864dfacbffee96cbf\" tg-width=\"560\" tg-height=\"240\"/></p><h2 id=\"id_3238515279\">积极的消息面：</h2><ul style=\"\"><li><p>阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。</p></li></ul><ul style=\"\"><li><p>计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。</p></li><li><p>花旗发布研报称，维持 <a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a> (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。</p></li></ul><h2 id=\"id_1473499781\">期权策略构建</h2><p style=\"text-align: start;\">基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：</p><h3 id=\"策略一：买入看涨期权（long-call）-1\" style=\"text-align: start;\">1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价140美元看涨期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/TSELLLA 20250314 265.0 PUT SELL 1 | TSELLLA 20250314 275.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/BABA 20250314 140.0 CALL\" title=\"$BABA 20250314 140.0 CALL$ \" class=\"immutable-element\">$BABA 20250314 140.0 CALL$ </a><br/><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：577美元</p></li><li><p><strong>Delta</strong>：0.553（股价每涨1美元，期权价值增0.55美元）</p></li><li><p><strong>隐含波动率</strong>：58.14%（高于历史均值，波动溢价存在）</p></li><li><p><strong>盈亏平衡点</strong>：145.77美元</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c65ddb4fc476f7846c0ecc762c5ffaff\" tg-width=\"1170\" tg-height=\"1434\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>事件驱动</strong>：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。</p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。</p><h3 id=\"策略二：卖出看跌期权（short-put）-1\" style=\"text-align: start;\">2、策略二：卖出看跌期权（Short Put）——平衡收益与成本</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价130美元看跌期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/BABA 20250314 130.0 PUT\" title=\"$BABA 20250314 130.0 PUT$ \" class=\"immutable-element\">$BABA 20250314 130.0 PUT$ </a></p><p style=\"text-align: start;\"><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：118美元</p></li><li><p><strong>Delta</strong>：-0.17（股价需跌破130美元才面临行权风险）</p></li><li><p><strong>隐含波动率</strong>：57.40%（权利金定价偏高，存在波动率溢价）</p></li><li><p><strong>年化收益率</strong>：约35%（权利金/保证金占用）</p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/a0ccde9927864c9c987f25842e99ddf8\" alt=\"\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。</strong></p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价跌破130美元需按行权价接货，需预留保证金。</p><h3 id=\"策略三：牛市价差组合（bull-spread）-1\" style=\"text-align: start;\">3、策略三：牛市价差组合（Bull Spread）</h3><p style=\"text-align: start;\"><strong>构建方式</strong>：</p><ul style=\"\"><li><p><strong>买入</strong>2025年3月14日到期、行权价140美元看涨期权（权利金577美元）</p></li><li><p><strong>卖出</strong>同期行权价160美元看涨期权（权利金77美元）</p></li></ul><ul style=\"\"><li><p><strong>净成本</strong>：494美元</p></li></ul><p style=\"text-align: start;\"><strong>优势</strong>：</p><ol start=\"1\" style=\"\"><li><p><strong>成本可控</strong>：最大亏损锁定为499.5美元。</p></li><li><p><strong>风险对冲</strong>：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。</p></li></ol><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adc6e5966b7669687f4fcb90f63a1d4b\" tg-width=\"1170\" tg-height=\"1398\"/></p><p style=\"text-align: start;\"><strong>适用场景</strong>：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。</p><p style=\"text-align: start;\"><strong>注</strong>：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1020040791\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">期权女巫 </p>\n<p class=\"h-time\">2025-03-06 19:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efcacb244b0b6f7864dfacbffee96cbf\" tg-width=\"560\" tg-height=\"240\"/></p><h2 id=\"id_3238515279\">积极的消息面：</h2><ul style=\"\"><li><p>阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。</p></li></ul><ul style=\"\"><li><p>计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。</p></li><li><p>花旗发布研报称，维持 <a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a> (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。</p></li></ul><h2 id=\"id_1473499781\">期权策略构建</h2><p style=\"text-align: start;\">基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：</p><h3 id=\"策略一：买入看涨期权（long-call）-1\" style=\"text-align: start;\">1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价140美元看涨期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/TSELLLA 20250314 265.0 PUT SELL 1 | TSELLLA 20250314 275.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/BABA 20250314 140.0 CALL\" title=\"$BABA 20250314 140.0 CALL$ \" class=\"immutable-element\">$BABA 20250314 140.0 CALL$ </a><br/><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：577美元</p></li><li><p><strong>Delta</strong>：0.553（股价每涨1美元，期权价值增0.55美元）</p></li><li><p><strong>隐含波动率</strong>：58.14%（高于历史均值，波动溢价存在）</p></li><li><p><strong>盈亏平衡点</strong>：145.77美元</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c65ddb4fc476f7846c0ecc762c5ffaff\" tg-width=\"1170\" tg-height=\"1434\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>事件驱动</strong>：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。</p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。</p><h3 id=\"策略二：卖出看跌期权（short-put）-1\" style=\"text-align: start;\">2、策略二：卖出看跌期权（Short Put）——平衡收益与成本</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价130美元看跌期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/BABA 20250314 130.0 PUT\" title=\"$BABA 20250314 130.0 PUT$ \" class=\"immutable-element\">$BABA 20250314 130.0 PUT$ </a></p><p style=\"text-align: start;\"><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：118美元</p></li><li><p><strong>Delta</strong>：-0.17（股价需跌破130美元才面临行权风险）</p></li><li><p><strong>隐含波动率</strong>：57.40%（权利金定价偏高，存在波动率溢价）</p></li><li><p><strong>年化收益率</strong>：约35%（权利金/保证金占用）</p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/a0ccde9927864c9c987f25842e99ddf8\" alt=\"\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。</strong></p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价跌破130美元需按行权价接货，需预留保证金。</p><h3 id=\"策略三：牛市价差组合（bull-spread）-1\" style=\"text-align: start;\">3、策略三：牛市价差组合（Bull Spread）</h3><p style=\"text-align: start;\"><strong>构建方式</strong>：</p><ul style=\"\"><li><p><strong>买入</strong>2025年3月14日到期、行权价140美元看涨期权（权利金577美元）</p></li><li><p><strong>卖出</strong>同期行权价160美元看涨期权（权利金77美元）</p></li></ul><ul style=\"\"><li><p><strong>净成本</strong>：494美元</p></li></ul><p style=\"text-align: start;\"><strong>优势</strong>：</p><ol start=\"1\" style=\"\"><li><p><strong>成本可控</strong>：最大亏损锁定为499.5美元。</p></li><li><p><strong>风险对冲</strong>：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。</p></li></ol><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adc6e5966b7669687f4fcb90f63a1d4b\" tg-width=\"1170\" tg-height=\"1398\"/></p><p style=\"text-align: start;\"><strong>适用场景</strong>：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。</p><p style=\"text-align: start;\"><strong>注</strong>：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/55f4d94cf65c1971099621405e42cbf9","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114423380","content_text":"周三 阿里巴巴 （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。积极的消息面：阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。花旗发布研报称，维持 阿里巴巴-W (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。期权策略构建基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨示例合约：2025年3月14日到期、行权价140美元看涨期权 $BABA 20250314 140.0 CALL$ 关键参数：权利金：577美元Delta：0.553（股价每涨1美元，期权价值增0.55美元）隐含波动率：58.14%（高于历史均值，波动溢价存在）盈亏平衡点：145.77美元适用逻辑：事件驱动：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。风险提示：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。2、策略二：卖出看跌期权（Short Put）——平衡收益与成本示例合约：2025年3月14日到期、行权价130美元看跌期权$BABA 20250314 130.0 PUT$ 关键参数：权利金：118美元Delta：-0.17（股价需跌破130美元才面临行权风险）隐含波动率：57.40%（权利金定价偏高，存在波动率溢价）年化收益率：约35%（权利金/保证金占用）适用逻辑：3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。风险提示：若股价跌破130美元需按行权价接货，需预留保证金。3、策略三：牛市价差组合（Bull Spread）构建方式：买入2025年3月14日到期、行权价140美元看涨期权（权利金577美元）卖出同期行权价160美元看涨期权（权利金77美元）净成本：494美元优势：成本可控：最大亏损锁定为499.5美元。风险对冲：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。适用场景：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。注：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。","news_type":1,"symbols_score_info":{"BABA":1.1}},"isVote":1,"tweetType":1,"viewCount":1943,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410321507885280,"gmtCreate":1741185773483,"gmtModify":1741186389076,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a><v-v data-views=\"0\"></v-v> 电车时代已过","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a><v-v data-views=\"0\"></v-v> 电车时代已过","text":"$特斯拉(TSLA)$ 电车时代已过","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410321507885280","isVote":1,"tweetType":1,"viewCount":1359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":404390158934392,"gmtCreate":1739752910192,"gmtModify":1739755166127,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"不到33绝对不上车","listText":"不到33绝对不上车","text":"不到33绝对不上车","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/404390158934392","isVote":1,"tweetType":1,"viewCount":1606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":460766221062192,"gmtCreate":1753501062150,"gmtModify":1753501063214,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TRON\">$Tron Inc.(TRON)$</a> 买入100000股放10年","listText":"<a href=\"https://laohu8.com/S/TRON\">$Tron Inc.(TRON)$</a> 买入100000股放10年","text":"$Tron Inc.(TRON)$ 买入100000股放10年","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/460766221062192","isVote":1,"tweetType":1,"viewCount":2120,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3464653850399717","authorId":"3464653850399717","name":"起司_9213","avatar":"https://static.tigerbbs.com/b289deca4491f8ad58d28ab9cc1d2890","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3464653850399717","idStr":"3464653850399717"},"content":"我今晚买 1000 股，放两年看看。","text":"我今晚买 1000 股，放两年看看。","html":"我今晚买 1000 股，放两年看看。"},{"author":{"id":"3464653850399717","authorId":"3464653850399717","name":"起司_9213","avatar":"https://static.tigerbbs.com/b289deca4491f8ad58d28ab9cc1d2890","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3464653850399717","idStr":"3464653850399717"},"content":"@nnn6 刚开始操作","text":"@nnn6 刚开始操作","html":"@nnn6 刚开始操作"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":419633816965592,"gmtCreate":1743481092623,"gmtModify":1743496334864,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/06181\">$老铺黄金(06181)$</a> 史上第一妖股","listText":"<a href=\"https://laohu8.com/S/06181\">$老铺黄金(06181)$</a> 史上第一妖股","text":"$老铺黄金(06181)$ 史上第一妖股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/419633816965592","isVote":1,"tweetType":1,"viewCount":2542,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3518174489286115","authorId":"3518174489286115","name":"洒落秋阳","avatar":"https://static.tigerbbs.com/2ad98e25badbb4648d73730171418e4a","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3518174489286115","idStr":"3518174489286115"},"content":"不开期权，做空被拉爆了","text":"不开期权，做空被拉爆了","html":"不开期权，做空被拉爆了"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":465411738628360,"gmtCreate":1754651239249,"gmtModify":1754658023646,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/YMT\">$一亩田(YMT)$</a> 垃圾怎么这么垃圾","listText":"<a href=\"https://laohu8.com/S/YMT\">$一亩田(YMT)$</a> 垃圾怎么这么垃圾","text":"$一亩田(YMT)$ 垃圾怎么这么垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/465411738628360","isVote":1,"tweetType":1,"viewCount":1647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":423510981751040,"gmtCreate":1744414754980,"gmtModify":1744414756591,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CHA\">$霸王茶姬(CHA)$</a> 肯定跌破发行价，老板文化水平太低，没花头！","listText":"<a href=\"https://laohu8.com/S/CHA\">$霸王茶姬(CHA)$</a> 肯定跌破发行价，老板文化水平太低，没花头！","text":"$霸王茶姬(CHA)$ 肯定跌破发行价，老板文化水平太低，没花头！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/423510981751040","isVote":1,"tweetType":1,"viewCount":1377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410562548986008,"gmtCreate":1741263264030,"gmtModify":1741266523959,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"第三个策略不懂","listText":"第三个策略不懂","text":"第三个策略不懂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410562548986008","repostId":"1114423380","repostType":2,"repost":{"id":"1114423380","kind":"news","weMediaInfo":{"introduction":"期权策略分享","home_visible":1,"media_name":"期权女巫","id":"1020040791","head_image":"https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89"},"pubTimestamp":1741260215,"share":"https://www.laohu8.com/m/news/1114423380?lang=zh_CN&edition=full","pubTime":"2025-03-06 19:23","market":"other","language":"zh","title":"期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析","url":"https://stock-news.laohu8.com/highlight/detail?id=1114423380","media":"期权女巫","summary":"盘前阿里巴巴周四盘前再涨超2%。期权策略构建基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：1、策略一：买入看涨期权——押注阿里巴巴继续上涨示例合约：2025年3月14日到期、行权价140美元看涨期权$BABA 20250314 140.0 CALL$ 关键参数：权利金：577美元Delta：0.553隐含波动率：58.14%盈亏平衡点：145.77美元适用逻辑：事件驱动：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。","content":"<html><head></head><body><p>周三 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efcacb244b0b6f7864dfacbffee96cbf\" tg-width=\"560\" tg-height=\"240\"/></p><h2 id=\"id_3238515279\">积极的消息面：</h2><ul style=\"\"><li><p>阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。</p></li></ul><ul style=\"\"><li><p>计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。</p></li><li><p>花旗发布研报称，维持 <a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a> (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。</p></li></ul><h2 id=\"id_1473499781\">期权策略构建</h2><p style=\"text-align: start;\">基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：</p><h3 id=\"策略一：买入看涨期权（long-call）-1\" style=\"text-align: start;\">1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价140美元看涨期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/TSELLLA 20250314 265.0 PUT SELL 1 | TSELLLA 20250314 275.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/BABA 20250314 140.0 CALL\" title=\"$BABA 20250314 140.0 CALL$ \" class=\"immutable-element\">$BABA 20250314 140.0 CALL$ </a><br/><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：577美元</p></li><li><p><strong>Delta</strong>：0.553（股价每涨1美元，期权价值增0.55美元）</p></li><li><p><strong>隐含波动率</strong>：58.14%（高于历史均值，波动溢价存在）</p></li><li><p><strong>盈亏平衡点</strong>：145.77美元</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c65ddb4fc476f7846c0ecc762c5ffaff\" tg-width=\"1170\" tg-height=\"1434\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>事件驱动</strong>：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。</p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。</p><h3 id=\"策略二：卖出看跌期权（short-put）-1\" style=\"text-align: start;\">2、策略二：卖出看跌期权（Short Put）——平衡收益与成本</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价130美元看跌期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/BABA 20250314 130.0 PUT\" title=\"$BABA 20250314 130.0 PUT$ \" class=\"immutable-element\">$BABA 20250314 130.0 PUT$ </a></p><p style=\"text-align: start;\"><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：118美元</p></li><li><p><strong>Delta</strong>：-0.17（股价需跌破130美元才面临行权风险）</p></li><li><p><strong>隐含波动率</strong>：57.40%（权利金定价偏高，存在波动率溢价）</p></li><li><p><strong>年化收益率</strong>：约35%（权利金/保证金占用）</p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/a0ccde9927864c9c987f25842e99ddf8\" alt=\"\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。</strong></p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价跌破130美元需按行权价接货，需预留保证金。</p><h3 id=\"策略三：牛市价差组合（bull-spread）-1\" style=\"text-align: start;\">3、策略三：牛市价差组合（Bull Spread）</h3><p style=\"text-align: start;\"><strong>构建方式</strong>：</p><ul style=\"\"><li><p><strong>买入</strong>2025年3月14日到期、行权价140美元看涨期权（权利金577美元）</p></li><li><p><strong>卖出</strong>同期行权价160美元看涨期权（权利金77美元）</p></li></ul><ul style=\"\"><li><p><strong>净成本</strong>：494美元</p></li></ul><p style=\"text-align: start;\"><strong>优势</strong>：</p><ol start=\"1\" style=\"\"><li><p><strong>成本可控</strong>：最大亏损锁定为499.5美元。</p></li><li><p><strong>风险对冲</strong>：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。</p></li></ol><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adc6e5966b7669687f4fcb90f63a1d4b\" tg-width=\"1170\" tg-height=\"1398\"/></p><p style=\"text-align: start;\"><strong>适用场景</strong>：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。</p><p style=\"text-align: start;\"><strong>注</strong>：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n期权女巫 | 继续看好阿里巴巴？三种期权做多策略全解析\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1020040791\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/7471350466f20d36ee3112d77c72cd89);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">期权女巫 </p>\n<p class=\"h-time\">2025-03-06 19:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>周三 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/efcacb244b0b6f7864dfacbffee96cbf\" tg-width=\"560\" tg-height=\"240\"/></p><h2 id=\"id_3238515279\">积极的消息面：</h2><ul style=\"\"><li><p>阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。</p></li></ul><ul style=\"\"><li><p>计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。</p></li><li><p>花旗发布研报称，维持 <a href=\"https://laohu8.com/S/09988\">阿里巴巴-W</a> (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。</p></li></ul><h2 id=\"id_1473499781\">期权策略构建</h2><p style=\"text-align: start;\">基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：</p><h3 id=\"策略一：买入看涨期权（long-call）-1\" style=\"text-align: start;\">1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价140美元看涨期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/TSELLLA 20250314 265.0 PUT SELL 1 | TSELLLA 20250314 275.0 PUT BUY 1\" title=\" \" class=\"immutable-element\"> </a><a href=\"https://laohu8.com/OPT/BABA 20250314 140.0 CALL\" title=\"$BABA 20250314 140.0 CALL$ \" class=\"immutable-element\">$BABA 20250314 140.0 CALL$ </a><br/><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：577美元</p></li><li><p><strong>Delta</strong>：0.553（股价每涨1美元，期权价值增0.55美元）</p></li><li><p><strong>隐含波动率</strong>：58.14%（高于历史均值，波动溢价存在）</p></li><li><p><strong>盈亏平衡点</strong>：145.77美元</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c65ddb4fc476f7846c0ecc762c5ffaff\" tg-width=\"1170\" tg-height=\"1434\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>事件驱动</strong>：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。</p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。</p><h3 id=\"策略二：卖出看跌期权（short-put）-1\" style=\"text-align: start;\">2、策略二：卖出看跌期权（Short Put）——平衡收益与成本</h3><p style=\"text-align: start;\"><strong>示例合约</strong>：2025年3月14日到期、行权价130美元看跌期权</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/OPT/BABA 20250314 130.0 PUT\" title=\"$BABA 20250314 130.0 PUT$ \" class=\"immutable-element\">$BABA 20250314 130.0 PUT$ </a></p><p style=\"text-align: start;\"><strong>关键参数</strong>：</p><ul style=\"\"><li><p><strong>权利金</strong>：118美元</p></li><li><p><strong>Delta</strong>：-0.17（股价需跌破130美元才面临行权风险）</p></li><li><p><strong>隐含波动率</strong>：57.40%（权利金定价偏高，存在波动率溢价）</p></li><li><p><strong>年化收益率</strong>：约35%（权利金/保证金占用）</p></li></ul><p style=\"text-align: start;\"></p><p><img src=\"https://community-static.tradeup.com/news/a0ccde9927864c9c987f25842e99ddf8\" alt=\"\"/></p><p style=\"text-align: start;\"><strong>适用逻辑</strong>：</p><ul style=\"\"><li><p><strong>3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。</strong></p></li></ul><p style=\"text-align: start;\"><strong>风险提示</strong>：若股价跌破130美元需按行权价接货，需预留保证金。</p><h3 id=\"策略三：牛市价差组合（bull-spread）-1\" style=\"text-align: start;\">3、策略三：牛市价差组合（Bull Spread）</h3><p style=\"text-align: start;\"><strong>构建方式</strong>：</p><ul style=\"\"><li><p><strong>买入</strong>2025年3月14日到期、行权价140美元看涨期权（权利金577美元）</p></li><li><p><strong>卖出</strong>同期行权价160美元看涨期权（权利金77美元）</p></li></ul><ul style=\"\"><li><p><strong>净成本</strong>：494美元</p></li></ul><p style=\"text-align: start;\"><strong>优势</strong>：</p><ol start=\"1\" style=\"\"><li><p><strong>成本可控</strong>：最大亏损锁定为499.5美元。</p></li><li><p><strong>风险对冲</strong>：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。</p></li></ol><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/adc6e5966b7669687f4fcb90f63a1d4b\" tg-width=\"1170\" tg-height=\"1398\"/></p><p style=\"text-align: start;\"><strong>适用场景</strong>：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。</p><p style=\"text-align: start;\"><strong>注</strong>：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/55f4d94cf65c1971099621405e42cbf9","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114423380","content_text":"周三 阿里巴巴 （BABA）股价报141.03美元，年内累计涨幅66%，创2021年以来新高。盘前阿里巴巴周四盘前再涨超2%。积极的消息面：阿里云官方公众号发文称，公司发布并开源全新的推理模型通义千问QwQ-32B。通过大规模强化学习，千问QwQ-32B在数学、代码及通用能力上实现质的飞跃，整体性能比肩DeepSeek-R1。计划未来三年将投入至少人民币3800亿元(530亿美元)，用于建设云计算和AI基础设施。花旗发布研报称，维持 阿里巴巴-W (09988)“买入”评级，目标价为166港元，美股目标价170美元。鉴于较高的基数，该行料2025财年第四季CMR的同比增长率为5.4%。期权策略构建基于较为积极的消息面因素，若是继续做多阿里巴巴，以下期权策略可参考：1、策略一：买入看涨期权（Long Call）——押注阿里巴巴继续上涨示例合约：2025年3月14日到期、行权价140美元看涨期权 $BABA 20250314 140.0 CALL$ 关键参数：权利金：577美元Delta：0.553（股价每涨1美元，期权价值增0.55美元）隐含波动率：58.14%（高于历史均值，波动溢价存在）盈亏平衡点：145.77美元适用逻辑：事件驱动：AI模型QwQ-32B开源后，市场对云计算业务增速预期升温，短期内股价会突破145.77美元。风险提示：若股价未突破145.77美元或IV回落，权利金可能因时间损耗（Theta日均-0.288）而贬值。2、策略二：卖出看跌期权（Short Put）——平衡收益与成本示例合约：2025年3月14日到期、行权价130美元看跌期权$BABA 20250314 130.0 PUT$ 关键参数：权利金：118美元Delta：-0.17（股价需跌破130美元才面临行权风险）隐含波动率：57.40%（权利金定价偏高，存在波动率溢价）年化收益率：约35%（权利金/保证金占用）适用逻辑：3月14日到期，阿里巴巴不跌破130美元，收取全部权利金（118美元）。风险提示：若股价跌破130美元需按行权价接货，需预留保证金。3、策略三：牛市价差组合（Bull Spread）构建方式：买入2025年3月14日到期、行权价140美元看涨期权（权利金577美元）卖出同期行权价160美元看涨期权（权利金77美元）净成本：494美元优势：成本可控：最大亏损锁定为499.5美元。风险对冲：卖出160美元看涨限制上方收益，但抵消部分时间价值损耗（Theta净-0.223）。适用场景：预期股价温和上涨至155美元，同时规避IV回落风险（组合Vega中性）。注：以上分析基于公开市场数据，不构成投资建议。期权交易具有高风险，投资者需根据自身风险承受能力谨慎决策。","news_type":1,"symbols_score_info":{"BABA":1.1}},"isVote":1,"tweetType":1,"viewCount":1943,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410321507885280,"gmtCreate":1741185773483,"gmtModify":1741186389076,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a><v-v data-views=\"0\"></v-v> 电车时代已过","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a><v-v data-views=\"0\"></v-v> 电车时代已过","text":"$特斯拉(TSLA)$ 电车时代已过","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410321507885280","isVote":1,"tweetType":1,"viewCount":1359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":404390158934392,"gmtCreate":1739752910192,"gmtModify":1739755166127,"author":{"id":"4202764904042922","authorId":"4202764904042922","name":"涨停板1313","avatar":"https://static.tigerbbs.com/a21f71e5c3e4d1528e092932e38079f5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4202764904042922","idStr":"4202764904042922"},"themes":[],"htmlText":"不到33绝对不上车","listText":"不到33绝对不上车","text":"不到33绝对不上车","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/404390158934392","isVote":1,"tweetType":1,"viewCount":1606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
