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所在平台: Udemy |
课程主页: https://www.udemy.com/course/straddles-and-strangles/
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Coursera课程：跨式和勒式期权策略：波动率策略 本课程聚焦于零方向性期权策略——跨式（Straddle）和勒式（Strangle）。这两种策略的吸引力在于它们不依赖于股票价格的特定走向，而是从任何方向的显著波动中获利。 **核心内容：** * **策略概述：** 深入解析跨式和勒式期权的运作机制，强调其作为零方向性波动率策略的特点。 * **优势与劣势：** 探讨这两种策略的吸引力，同时也揭示了新手在运用时可能遇到的陷阱和需要注意的细节。 * **交易环境：** 指导学员如何识别适合进行跨式和勒式交易的市场环境，特别是在低波动率时期，以及如何解读VIX指数。 * **策略辨析：** 详细说明跨式与勒式之间的区别，以及在不同情境下哪种策略更具优势。 * **风险管理：** 重点关注伽马（Vega）风险，解释其对策略表现的关键影响，并介绍“死亡之谷”的概念以及如何规避。 * **实战分析：** 通过 Priceline 和 SPY ETF 的具体案例，对跨式策略进行详尽的设置、执行、管理和调整分析。 * **经验总结：** 从实际交易经验中提炼学习要点，并提供应对跨式策略负面因素的方法。 **课程目标：** 学员将掌握跨式和勒式期权策略的原理、优势、风险以及实操技巧，能够识别有利的交易环境，规避潜在风险，并有效地管理和调整期权头寸。
STRADDLE & STRANGLE OPTION STRATEGIESStraddles and Strangles are also Volatility strategies and are very popular strategies. Both these strategies are non-directional, so its possible to profit from a movement in either direction. But the move must come fairly quickly, because we have two Long Options (one on the Call side and one on the Put side), and so our time decay exposure is doubled. Additionally, Vega exposure can be quite large, so this is something to watch for. In general, its best to put on Straddles and Strangles in times of low volatility as measured by the individual Implied Volatility of the stock itself as well as observing the level of the VIX Index. We also look at the "Valley of Death" where the trade can fall into trouble.Straddles and Strangles fall into two categories of Strategies - 1) Non-directional strategies and 2) Volatility strategies. In non-directional strategies, you don't care if the Stock goes up or down. Your strategy profits from a move in either direction. The strategy starts out Delta Neutral - or at least you should try to construct it that way. But this does not mean your position will remain Delta neutral forever. In fact, your position will achieve a +ve Delta or a -ve Delta bias, depending on the stock's movement. But these strategies have one clear advantage over others. You don't have to be right in forecasting the direction of stock movement, and that fact alone put Straddle & Strangle strategies in our Favorites.What you will masterWhy are Straddles and Strangles very popularThe pluses and minuses of these strategiesWhy these strategies can be deceiving for newcomers to these strategiesWhat is a good environment for these tradesWhat is the difference between a Straddle and StrangleIs one better than the other in certain situationsWhat are the advantages and disadvantages of these tradesWhy is Vega exposure criticalWhat is the "Valley of death" and how can we avoid itDetailed analysis of the Straddle setup using Priceline and SPY ETFActual trade execution of the SPY StraddleTrade Management of the SPY StraddleAdjustments to the SPY StraddleLearnings from the Straddle tradeTackling the negatives of the Straddle
