+关注
安卓爸爸
当一个交易变得过于拥挤，风险不是看错方向，而是根本来不及下车。
IP属地：江苏
140
关注
1
粉丝
2
主题
0
勋章
主贴
热门
安卓爸爸
02-25 18:56
这篇文章不错，转发给大家看看
抱歉，原内容已删除
安卓爸爸
02-25 16:56
这篇文章不错，转发给大家看看
抱歉，原内容已删除
安卓爸爸
02-25 09:31
这篇文章不错，转发给大家看看
@小虎访谈:【小虎访谈】@卖方笔记：十年期权老手的卖方心法，财报季是波动率套利好机会
安卓爸爸
02-23
这篇文章不错，转发给大家看看
抱歉，原内容已删除
安卓爸爸
2025-09-02
$ALTS 20250919 6.0 PUT$
安卓爸爸
2025-08-26
$TLT 20250919 85.0 PUT$
安卓爸爸
2025-08-18
$TLT 20250919 85.0 PUT$
安卓爸爸
2025-08-16
这篇文章不错，转发给大家看看
@格雷期权:【期权策略深度解析】卖出 Put：它真的是稳赚不赔吗？
安卓爸爸
2025-08-13
$TLT 20250919 85.0 PUT$
安卓爸爸
2025-07-23
$20+年以上美国国债ETF-iShares(TLT)$
安卓爸爸
2025-07-21
$3倍做多20年期以上国债ETF-Direxion(TMF)$
安卓爸爸
2025-07-21
$20+年以上美国国债ETF-iShares(TLT)$
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4212537848601662","uuid":"4212537848601662","gmtCreate":1749435792649,"gmtModify":1772038861200,"name":"安卓爸爸","pinyin":"azbbanzhuobaba","introduction":"","introductionEn":null,"signature":"当一个交易变得过于拥挤，风险不是看错方向，而是根本来不及下车。","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":140,"tweetSize":12,"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":6,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"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":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.02.14","exceedPercentage":"93.73%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.07.31","exceedPercentage":"80.88%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"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":"2025.06.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":3,"currentWearingBadge":{"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":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.02.14","exceedPercentage":"93.94%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},"individualDisplayBadges":null,"crmLevel":8,"crmLevelSwitch":1,"location":"江苏","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":116,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":536560137053072,"gmtCreate":1772017013445,"gmtModify":1772017015987,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536560137053072","repostId":"2613862077","repostType":2,"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":536537978685048,"gmtCreate":1772009803984,"gmtModify":1772009806573,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536537978685048","repostId":"2614721863","repostType":2,"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":536420937363728,"gmtCreate":1771983114122,"gmtModify":1771983116394,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536420937363728","repostId":"470373738324160","repostType":1,"repost":{"id":470373738324160,"gmtCreate":1755859772275,"gmtModify":1755859799312,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37002306153600","idStr":"37002306153600"},"themes":[],"title":"【小虎访谈】@卖方笔记：十年期权老手的卖方心法，财报季是波动率套利好机会","htmlText":"各位虎友们好，本期要和大家分享的虎友是<a target=\"_blank\" href=\"https://laohu8.com/U/3527667646438385\">@卖方笔记</a>，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","listText":"各位虎友们好，本期要和大家分享的虎友是<a target=\"_blank\" href=\"https://laohu8.com/U/3527667646438385\">@卖方笔记</a>，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","text":"各位虎友们好，本期要和大家分享的虎友是@卖方笔记，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","images":[{"img":"https://static.tigerbbs.com/522f394b8fb626360d0b0c6d935bc8d1","width":"696","height":"382"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470373738324160","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":535943754690800,"gmtCreate":1771822585138,"gmtModify":1771822587447,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/535943754690800","repostId":"2613220543","repostType":2,"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":474187616637400,"gmtCreate":1756784427737,"gmtModify":1756784440837,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/ALTS 20250919 6.0 PUT\">$ALTS 20250919 6.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/ALTS 20250919 6.0 PUT\">$ALTS 20250919 6.0 PUT$</a> ","text":"$ALTS 20250919 6.0 PUT$","images":[{"img":"https://static.tigerbbs.com/994f8c5642fb615573474338983f15e4","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/474187616637400","isVote":1,"tweetType":1,"viewCount":1524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":471922787553808,"gmtCreate":1756190953702,"gmtModify":1756190964993,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/304d92c50fe84e65a1ad5f3857ccd011","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/471922787553808","isVote":1,"tweetType":1,"viewCount":883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":468787970236416,"gmtCreate":1755478740067,"gmtModify":1755478742227,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/4ed58a1a554d3c1303e9b657265417ff","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/468787970236416","isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":468134448861744,"gmtCreate":1755307206915,"gmtModify":1755307208574,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/468134448861744","repostId":"464384047026424","repostType":1,"repost":{"id":464384047026424,"gmtCreate":1754399995737,"gmtModify":1754400918838,"author":{"id":"3542789455088315","authorId":"3542789455088315","name":"格雷期权","avatar":"https://static.tigerbbs.com/adcf81d1875e2495a36355f80d90e22d","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3542789455088315","idStr":"3542789455088315"},"themes":[],"title":"【期权策略深度解析】卖出 Put：它真的是稳赚不赔吗？","htmlText":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","listText":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","text":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","images":[{"img":"https://static.tigerbbs.com/70136d1ef3beb557fd0eb5b474fd965f","width":"5040","height":"3360"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/464384047026424","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":467266095341664,"gmtCreate":1755095636154,"gmtModify":1755095659768,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/fa19cd7cfa52533019dac72b18704d67","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/467266095341664","isVote":1,"tweetType":1,"viewCount":970,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":459657553236320,"gmtCreate":1753258214891,"gmtModify":1753258972480,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a> ","listText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a> ","text":"$20+年以上美国国债ETF-iShares(TLT)$","images":[{"img":"https://static.tigerbbs.com/3a403972fc30d5b92f2456acdec76429","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/459657553236320","isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":459018717933944,"gmtCreate":1753102332941,"gmtModify":1753103064364,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TMF\">$3倍做多20年期以上国债ETF-Direxion(TMF)$ </a><v-v data-views=\"1\"></v-v> ","listText":"<a href=\"https://laohu8.com/S/TMF\">$3倍做多20年期以上国债ETF-Direxion(TMF)$ </a><v-v data-views=\"1\"></v-v> ","text":"$3倍做多20年期以上国债ETF-Direxion(TMF)$","images":[{"img":"https://static.tigerbbs.com/e099642804c8c5ef29f78d50110c089b","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/459018717933944","isVote":1,"tweetType":1,"viewCount":865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":459019419799952,"gmtCreate":1753102281527,"gmtModify":1753103060895,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a><v-v data-views=\"1\"></v-v> ","listText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a><v-v data-views=\"1\"></v-v> ","text":"$20+年以上美国国债ETF-iShares(TLT)$","images":[{"img":"https://static.tigerbbs.com/50f567915773f5a31ea8fc5219d36e87","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/459019419799952","isVote":1,"tweetType":1,"viewCount":1425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":536560137053072,"gmtCreate":1772017013445,"gmtModify":1772017015987,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536560137053072","repostId":"2613862077","repostType":2,"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":536537978685048,"gmtCreate":1772009803984,"gmtModify":1772009806573,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536537978685048","repostId":"2614721863","repostType":2,"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":536420937363728,"gmtCreate":1771983114122,"gmtModify":1771983116394,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/536420937363728","repostId":"470373738324160","repostType":1,"repost":{"id":470373738324160,"gmtCreate":1755859772275,"gmtModify":1755859799312,"author":{"id":"37002306153600","authorId":"37002306153600","name":"小虎访谈","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37002306153600","idStr":"37002306153600"},"themes":[],"title":"【小虎访谈】@卖方笔记：十年期权老手的卖方心法，财报季是波动率套利好机会","htmlText":"各位虎友们好，本期要和大家分享的虎友是<a target=\"_blank\" href=\"https://laohu8.com/U/3527667646438385\">@卖方笔记</a>，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","listText":"各位虎友们好，本期要和大家分享的虎友是<a target=\"_blank\" href=\"https://laohu8.com/U/3527667646438385\">@卖方笔记</a>，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","text":"各位虎友们好，本期要和大家分享的虎友是@卖方笔记，一位有十年投资经验的期权大佬[财迷][你懂的][你懂的]卖方笔记十年前因对期权杠杆效应感兴趣入市，如今已形成以卖方为主、结合对冲和波段的交易风格，尤其关注事件驱动的机会。他最看重的指标是流动性、隐含波动率和到期日剩余时间。流动性保证止损和退出，隐含波动率是卖方收益核心，而到期时间决定风险报酬比。他只做主流大盘股，避免小市值标的，因为后者容易被操纵，缺乏稳定逻辑。在他看来，财报季是卖方的最佳机会，只要盯紧财报日历，就能找到波动率套利空间。日常交易则结合新闻、研报和IV判断区间，再选择合适期权。仓位上保持分散，单笔亏损有限，财报季空波动率仓位无论盈亏都会开盘平仓，避免不确定性。他总结卖方的核心是高胜率和稳定收入覆盖偶尔的亏损，不像买方依赖一笔大的盈利。最成功的经验是长期稳定收益，最深的教训是财报季没有及时止盈，结果把盈利单做成了亏损。对新手的建议是多做模拟盘操作，边学边练，在实盘中理解风险。社区的期权教学视频、训练手册和训练营都是很好的学习资源。他强调：“学期权不是为了考试，而是为了赚钱。记住什么情况下会亏，比背理论更重要。”来吧虎友们，让我们一起来听听他的投资心得大分享吧～[你懂的][你懂的]Q：您是什么时候开始接触期权的？契机是什么？A：大概十年前，当时对期权的杠杆效应非常感兴趣，所以开始研究和实操。Q：您如何定义自己的期权交易风格？A：很难严格定义，大致是对冲和波段。我的习惯是先判断股价在某一时间段的表现，再挑选对应到期日的期权。另外我对事件对冲很感兴趣，所以发帖基本都围绕各类事件展开。Q：做期权时，您最看重哪些指标？A：我主要看流动性、隐含波动率（IV）和到期日剩余时间。流动性是止损和平","images":[{"img":"https://static.tigerbbs.com/522f394b8fb626360d0b0c6d935bc8d1","width":"696","height":"382"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470373738324160","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":535943754690800,"gmtCreate":1771822585138,"gmtModify":1771822587447,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"title":"","htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/535943754690800","repostId":"2613220543","repostType":2,"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":474187616637400,"gmtCreate":1756784427737,"gmtModify":1756784440837,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/ALTS 20250919 6.0 PUT\">$ALTS 20250919 6.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/ALTS 20250919 6.0 PUT\">$ALTS 20250919 6.0 PUT$</a> ","text":"$ALTS 20250919 6.0 PUT$","images":[{"img":"https://static.tigerbbs.com/994f8c5642fb615573474338983f15e4","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/474187616637400","isVote":1,"tweetType":1,"viewCount":1524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":471922787553808,"gmtCreate":1756190953702,"gmtModify":1756190964993,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/304d92c50fe84e65a1ad5f3857ccd011","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/471922787553808","isVote":1,"tweetType":1,"viewCount":883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":468787970236416,"gmtCreate":1755478740067,"gmtModify":1755478742227,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/4ed58a1a554d3c1303e9b657265417ff","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/468787970236416","isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":468134448861744,"gmtCreate":1755307206915,"gmtModify":1755307208574,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/468134448861744","repostId":"464384047026424","repostType":1,"repost":{"id":464384047026424,"gmtCreate":1754399995737,"gmtModify":1754400918838,"author":{"id":"3542789455088315","authorId":"3542789455088315","name":"格雷期权","avatar":"https://static.tigerbbs.com/adcf81d1875e2495a36355f80d90e22d","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3542789455088315","idStr":"3542789455088315"},"themes":[],"title":"【期权策略深度解析】卖出 Put：它真的是稳赚不赔吗？","htmlText":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","listText":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","text":"卖出 Put（Sell Put）策略，是很多期权老手最爱的“收租型玩法”： “你只要不跌太狠，我就白赚权利金；真跌了，我也乐意低价买进。” 听起来很香是不是？但真相远比你想象得复杂。 今天我们就来聊聊它的三面性： ✅ 好的部分（The Good） ⚠️ 不好的部分（The Bad） 💣 糟糕的部分（The Ugly） 一、【The Good】它为什么受欢迎？ ✅ 收入稳定，胜率高 大部分时间，股价都不会剧烈下跌。所以： 你卖出的 Put 都不会被执行 权利金就稳稳到手 → 稳定产生「现金流」 很多人把它当成「每月收租」的工具。 ✅ 有机会“打折买入”优质股票 如果你本来就想买某只股票，不如： 卖出一个你希望的价格的 Put，如果股价跌到那里 → 你就买进 举个例子： AAPL 当前 $190，你觉得 $180 合理 卖出 $180 的 Put，收 $3 权利金 最终被行权 → 实际买入成本 $177！ 是不是比直接挂限价单更香？ ✅ 时间有利你（Theta 正收益） 每过一天，期权就贬值一点。对于卖方来说，时间在帮你赚钱。 二、【The Bad】你以为能控风险，其实是换了种方式做多 很多人觉得： “我又不是买股，我是收权利金，风险小。” 但事实上： 卖出 Put，本质就是承诺在下跌时买入股票 如果大盘暴跌 or 个股闪崩 → 你等于是被动买入 而且： 权利金只提供了有限缓冲 跌得多的时候根本不够用 所以这个策略不是风险小，只是胜率高但亏一次就大。 三、【The Ugly】它可能毁掉你整个组合 很多人一开始卖 Put： 一天赚几百、几千，感觉轻松自在 久而久之开始加大仓位、加杠杆 碰到一次黑天鹅，比如 2020 年 3 月、2022 年 FOMC、财报爆雷 💥 账户直接爆仓。 因为卖方策略是：小赚多次 + 大亏一次 如果没有风险控制意识，很容易掉入“慢性中毒”的陷阱。 四、如","images":[{"img":"https://static.tigerbbs.com/70136d1ef3beb557fd0eb5b474fd965f","width":"5040","height":"3360"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/464384047026424","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":467266095341664,"gmtCreate":1755095636154,"gmtModify":1755095659768,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","listText":"<a href=\"https://laohu8.com/OPT/TLT 20250919 85.0 PUT\">$TLT 20250919 85.0 PUT$</a> ","text":"$TLT 20250919 85.0 PUT$","images":[{"img":"https://static.tigerbbs.com/fa19cd7cfa52533019dac72b18704d67","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/467266095341664","isVote":1,"tweetType":1,"viewCount":970,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":459657553236320,"gmtCreate":1753258214891,"gmtModify":1753258972480,"author":{"id":"4212537848601662","authorId":"4212537848601662","name":"安卓爸爸","avatar":"https://static.tigerbbs.com/10d02878a636494b44e01b28b26a0797","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4212537848601662","idStr":"4212537848601662"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a> ","listText":"<a href=\"https://laohu8.com/S/TLT\">$20+年以上美国国债ETF-iShares(TLT)$ </a> ","text":"$20+年以上美国国债ETF-iShares(TLT)$","images":[{"img":"https://static.tigerbbs.com/3a403972fc30d5b92f2456acdec76429","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/459657553236320","isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}
