{"id":5377,"date":"2021-08-15T10:22:49","date_gmt":"2021-08-15T02:22:49","guid":{"rendered":"https:\/\/slashtraders.com\/?p=5377"},"modified":"2025-09-29T17:32:45","modified_gmt":"2025-09-29T09:32:45","slug":"bear-call-spread-delta-hedge","status":"publish","type":"post","link":"https:\/\/slashtraders.com\/cn\/blog\/bear-call-spread-delta-hedge\/","title":{"rendered":"\u5982\u4f55\u627e\u5230\u9ad8\u673a\u7387\u7684\u770b\u8dccCall Spread\u5782\u76f4\u4ef7\u5dee\u505aDelta\u5bf9\u51b2"},"content":{"rendered":"<p>\u4f60\u77e5\u9053\u5f53\u80a1\u7968\u770b\u8dcc\u65f6\u6211\u4eec\u80fd\u7528\u671f\u6743\u7684\u6760\u6746\u589e\u52a0\u6295\u8d44\u62a5\u916c\u7387\u5417\uff1f<\/p>\n\n\n\n<p class=\"translation-block\">\u4eca\u5929\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u8981\u7528\u6211\u4eec\u7684<a href=\"https:\/\/slashtraders.com\/cn\/blog\/profitable-trading-system\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4ea4\u6613\u7cfb\u7edf<\/a>\u5206\u4eab\u5982\u4f55\u7528\u770b\u8dccCall Spread\u9009\u80a1\u795e\u5668\u627e\u5230\u88ab\u9ad8\u4f30\u53c8\u4e0b\u8dcc\u8d70\u52bf\u7684\u80a1\u7968\uff0c\u7528\u8d1fdelta\u7684\u4ea4\u6613\u5bf9\u51b2\uff0c\u5206\u6563\u4ea4\u6613\u7ec4\u5408\u7684\u98ce\u9669\uff0c\u8ba9\u4f60\u9ad8\u673a\u7387\u9884\u6d4b\u80a1\u4ef7\u5411\u4e0b\u4fee\u6b63\u65f6\u83b7\u5229\u3002<\/p>\n\n\n<\/p>\n\n\n\n<iframe width=\"100%\" height=\"400\" frameborder=\"0\" src=\"https:\/\/v.qq.com\/txp\/iframe\/player.html?vid=m3269ifjmtn\" allowfullscreen=\"true\"><\/iframe>\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ec0\u4e48\u662f\u770b\u8dccBear Call Spread\u5782\u76f4\u4ef7\u5dee\uff1f<\/h2>\n\n\n\n<p>\u770b\u8dccBear Call Spread\u5782\u76f4\u4ef7\u5dee\u662f\u7531\u4e70\u5356\u4e0d\u540c\u884c\u4f7f\u4ef7\u7684Call\u6765\u6267\u884c\u4e00\u4e2a\u770b\u8dcc\u7684\u4ea4\u6613\u3002<\/p>\n\n\n\n<p>\u6211\u4eec\u6765\u590d\u4e60\u4e00\u4e0b\u4e70\u5356Call\u7684\u83b7\u5229\u5206\u6790\uff0c\u5f53\u6211\u4eec\u5356Call\u65f6\u4f1a\u5148\u5f97\u5230\u6536\u5165\uff0c\u53ea\u8981\u80a1\u4ef7\u5728\u622a\u6b62\u524d\u4e0b\u8dcc\u6216\u4e0d\u6da8\u5c31\u4f1a\u83b7\u5229\u3002<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-1024x576.png\" alt=\"\u5356call\" class=\"wp-image-8919\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u5356Call\u671f\u6743\u65f6\u4f1a\u5148\u5f97\u5230\u6536\u5165\uff0c\u53ea\u8981\u80a1\u4ef7\u5728\u622a\u6b62\u524d\u4e0b\u8dcc\u6216\u4e0d\u6da8\u5c31\u4f1a\u83b7\u5229\u3002<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p>\u867d\u7136\u88f8\u5356Call\u64cd\u4f5c\u7b80\u5355\uff0c\u53ef\u662f\u5982\u679c\u80a1\u4ef7\u5f80\u4e0a\u6da8\u635f\u5931\u662f\u65e0\u4e0a\u9650\u7684\u3002<\/p>\n\n\n\n<p class=\"translation-block\"><a href=\"https:\/\/slashtraders.com\/cn\/blog\/what-are-options\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e70Call\u671f\u6743<\/a>\u65f6\u9700\u8981\u4ed8\u8d39\uff0c\u5982\u679c\u80a1\u4ef7\u4e0a\u6da8\u6bcf\u6da8$1\u8d5a$100\u3002<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call-1024x576.png\" alt=\"\u4e70call\" class=\"wp-image-8923\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u4e70call.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u4e70Call\u671f\u6743\u65f6\u9700\u8981\u4ed8\u8d39\uff0c\u80a1\u4ef7\u6bcf\u4e0a\u6da8$1\u8d5a$100\u3002<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p>\u4f46\u662f\u5982\u679c\u80a1\u4ef7\u4e0b\u8dcc\u4e86\uff0c\u4e70Call\u7684\u8d39\u7528\u4f1a\u5728\u622a\u6b62\u7684\u65f6\u5019\u5f52\u96f6\u3002<\/p>\n\n\n\n<p class=\"translation-block\">\u6211\u4eec\u7ed3\u5408\u4e70\u5356\u4e0d\u540c\u4ef7\u4f4d\u7684Call options\u5c31\u662f\u4e00\u4e2aCall Spread\uff0c\u56e0\u4e3a\u6211\u4eec\u7684Call Spread\u662f<a href=\"https:\/\/slashtraders.com\/cn\/blog\/netflix-bearish-options-strategies\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u770b\u8dcc\u4ea4\u6613<\/a>\uff0c\u6240\u4ee5\u5356Call\u7684\u884c\u6743\u4ef7\u8981\u6bd4\u4e70Call\u7684\u884c\u6743\u4ef7\u4f4e\uff0c\u5f53\u80a1\u4ef7\u4e0b\u8dcc\u65f6\u83b7\u5229\u3002<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread-1024x576.png\" alt=\"\u5356call spread\" class=\"wp-image-8925\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/\u5356call-spread.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u770b\u8dccCall Spread\u5356Call\u7684\u5408\u7ea6\u4ef7\u8981\u6bd4\u4e70Call\u7684\u5408\u7ea6\u4ef7\u4f4e\uff0c\u5f53\u80a1\u4ef7\u4e0b\u8dcc\u65f6\u83b7\u5229\u3002<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p>\u8ddf\u88f8\u5356Call\u6bd4\u8d77\u6765\uff0c\u5356Bear Call Spread\u7684\u4f18\u70b9\u662f\u53ef\u4ee5\u9650\u5236\u6700\u5927\u7684\u4e8f\u635f\uff0c\u6295\u8d44\u62a5\u916c\u7387\u4e5f\u6bd4\u8f83\u5927\u3002<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call-1024x576.png\" alt=\"call spread\u6bd4\u8f83call\" class=\"wp-image-5397\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/call-spread\u6bd4\u8f83call.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u8ddf\u5356Call\u6bd4\u8d77\u6765\u5356Bear Call Spread\u6295\u8d44\u62a5\u916c\u7387\u4e5f\u6bd4\u8f83\u5927\u3002<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p>\u4e0d\u8fc7\u88f8\u5356Call\u7684breakeven\u4ef7\u683c\u6bd4\u8f83\u9ad8\uff0c\u83b7\u5229\u673a\u7387\u6bd4\u8f83\u5927\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5356Bear Call Spread\u7684\u6ce8\u610f\u4e8b\u9879<\/h2>\n\n\n\n<p class=\"translation-block\">\u5356\u770b\u8dccCall Spreads\u5f00\u4ed3\u65f6\u8fd9\u4e2a\u4ea4\u6613<a href=\"https:\/\/slashtraders.com\/cn\/blog\/option-greeks\/\" target=\"_blank\" rel=\"noreferrer noopener\">delta<\/a>\u662f\u8d1f\u7684\uff0c\u53ea\u8981\u80a1\u4ef7\u4e0b\u8dcc\u6211\u4eec\u5c31\u53ef\u4ee5\u4f4e\u4ef7\u4e70\u56deCall Spread\u5e73\u4ed3\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Delta\u662f\u80a1\u4ef7\u5bf9\u671f\u6743\u4ef7\u683c\u7684\u5f71\u54cd<\/p>\n<\/blockquote>\n\n\n\n<p class=\"translation-block\">\u8d1fdelta\u9700\u8981\u80a1\u4ef7\u4e0b\u8dcc\u83b7\u5229\uff0c\u78b0\u5230\u80a1\u4ef7\u4e0a\u6da8\u4e8f\u635f\uff0c\u53ea\u8981\u80a1\u4ef7\u7ef4\u6301\u5728\u5356Call\u884c\u6743\u4ef7\u4ee5\u4e0b\uff0c\u5c31\u53ef\u4ee5\u7b49\u5f85<a href=\"https:\/\/slashtraders.com\/cn\/blog\/options-value\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u671f\u6743\u8d2c\u503c<\/a>\u83b7\u5229\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Bear Call Spread\u6700\u5927\u4e8f\u635f = \u4e70\u5356Call\u884c\u6743\u4ef7\u7684\u5bbd\u5ea6 x 100 \u2013 \u6536\u5165<\/p>\n\n\n\n<p><em>\u8d2d\u4e70\u529b = \u6700\u5927\u4e8f\u635f<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>\u6240\u4ee5\u5f53\u884c\u6743\u4ef7\u7684\u5bbd\u5ea6\u4e00\u6837\uff0c\u8d1fdelta\u8d8a\u5927\u7684Call Spread\u6536\u5165\u8d8a\u9ad8\uff0c\u6700\u5927\u4e8f\u635f\u8d8a\u4f4e\uff0c\u6295\u8d44\u62a5\u916c\u7387\u4e5f\u8d8a\u9ad8\u3002<\/p>\n\n\n\n<p>\u6211\u4eec\u6765\u770b\u4e24\u4e2a\u540c\u6837\u662f\u4e0b\u4e2a\u6708\u622a\u6b62\uff0c\u5bbd\u5ea6\u540c\u6837$10\u7684Moderna Bear Call Spreads\u3002<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1-1024x576.png\" alt=\"delta\u6bd4\u8f83ROC\" class=\"wp-image-5470\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/delta\u6bd4\u8f83ROC-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u8d1fdelta\u6bd4\u8f83\u591a\u7684Bear Call Spread\u6295\u8d44\u62a5\u916c\u7387\u8f83\u9ad8\u3002<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p class=\"translation-block\">\u5728-0.54 delta<a href=\"https:\/\/slashtraders.com\/cn\/blog\/sell-covered-call\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5356Call<\/a>\u670977%\u6295\u8d44\u62a5\u916c\u7387\uff0c\u5728-0.34 delta\u5356Call\u53ea\u670941%\u6295\u8d44\u62a5\u916c\u7387\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Delta\u5bf9\u51b2\u7684\u91cd\u8981\u6027<\/h2>\n\n\n\n<p class=\"translation-block\">\u867d\u7136\u80a1\u7968\u5e02\u573a\u957f\u671f\u662f\u591a\u5934\uff0c\u4f46\u4e3a\u4e86\u51cf\u5c11<a href=\"https:\/\/slashtraders.com\/cn\/performance\/positions\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8d44\u7ec4\u5408<\/a>\u5728\u5e02\u573a\u5d29\u76d8\u65f6\u66b4\u9732\u7684\u98ce\u9669\uff0c\u53ef\u4ee5\u8003\u8651\u7528Bear Call Spread\u7b49\u8d1fdelta\u7684\u4ea4\u6613\u7b56\u7565\u505aportfolio\u7684<a href=\"https:\/\/slashtraders.com\/cn\/blog\/delta-hedging-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">delta\u5bf9\u51b2<\/a>\uff0c\u8fbe\u5230\u6295\u8d44\u7ec4\u5408delta\u4e2d\u6027\uff0c\u8ba9\u5927\u76d8\u4e0b\u8dcc\u65f6\u964d\u4f4e\u635f\u5931\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/slashtraders.com\/cn\/pricing\/?utm_source=blog&amp;utm_medium=banner\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"971\" height=\"120\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c-banner-1.png\" alt=\"\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c banner\" class=\"wp-image-7387\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c-banner-1.png 971w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c-banner-1-300x37.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c-banner-1-768x95.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u4f53\u9a8c-banner-1-18x2.png 18w\" sizes=\"(max-width: 971px) 100vw, 971px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u7528\u770b\u8dccCall Spread\u9009\u80a1\u795e\u5668\u627e\u5230\u6700\u597d\u7684\u4e0b\u8dcc\u4ea4\u6613<\/h2>\n\n\n\n<p class=\"translation-block\"><a href=\"https:\/\/slashtraders.com\/cn\/tools\/bear-call-spread-screener\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u770b\u8dccCall Spread\u9009\u80a1\u795e\u5668<\/a>\u4f7f\u7528\u5927\u6570\u636e\u627e\u5230\u6da8\u8fc7\u5934\u7684\u80a1\u7968\u6e05\u5355\uff0c\u8ba9\u6211\u4eec\u8fc5\u901f\u627e\u5230\u88ab\u9ad8\u4f30\u3001\u9ad8\u673a\u7387\u4fee\u6b63\u4e0b\u8dcc\u7684Bear Call Spread\u8fdb\u573a\u65f6\u673a\u3002<\/p>\n\n\n\n<p>\u4e3a\u4e86\u627e\u5230\u9ad8\u673a\u7387\u4e0b\u8dcc\u7684\u80a1\u7968\uff0c\u6211\u4eec\u53ef\u4ee5\u6ce8\u610f\u88ab\u9ad8\u4f30\u3001\u6b63\u8981\u5f00\u59cb\u4e0b\u8dcc\u7684\u80a1\u7968\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9009\u80a1\u795e\u5668\u4f7f\u7528Fair Value\u548cLast\u7684\u5dee\u4ef7\u8ba1\u7b97\u80a1\u4ef7\u7684\u4e0b\u8dcc\u6f5c\u529bUpside\uff0c\u5f53Upside\u6709-30%\u4ee5\u4e0b\uff0c\u6211\u4eec\u5c31\u6709\u4fe1\u5fc3\u80a1\u4ef7\u88ab\u9ad8\u4f30\u4e86\uff0c\u63a5\u4e0b\u6765\u6709\u673a\u4f1a\u4e0b\u8dcc\u3002<\/li>\n\n\n\n<li class=\"translation-block\">Short Signal Price\u4ee3\u8868<a href=\"https:\/\/slashtraders.com\/cn\/blog\/fundamental-analysis-vs-technical-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6280\u672f\u5206\u6790<\/a>\u8ba1\u7b97\u51fa\u80a1\u4ef7\u5f00\u59cb\u8d70\u4e0b\u5761\u65f6\u7684\u4ef7\u683c\uff0c\u8ba9\u6211\u4eec\u77e5\u9053\u77ed\u65f6\u95f4\u5185\u80a1\u4ef7\u4e0d\u4f1a\u8d85\u8fc7\u8fd9\u4e2a\u9ad8\u70b9\u3002<\/li>\n\n\n\n<li>Short Days\u8868\u793a\u4e0a\u4e00\u6b21\u51fa\u73b0\u4e0b\u8dcc\u8baf\u53f7\u79bb\u73b0\u5728\u7684\u4ea4\u6613\u65e5\u6570\uff0c\u53ea\u8981\u4e00\u51fa\u73b0\u4e0b\u8dcc\u8baf\u53f7\u63a5\u4e0b\u6765\u5c31\u6709\u9ad8\u673a\u7387\u80a1\u4ef7\u4f1a\u8d70\u4e0b\u5761\u3002<\/li>\n\n\n\n<li>\u4e5f\u8981\u907f\u5f00\u5feb\u8981\u51fa\u73b0Ex-Dividend Date\u914d\u80a1\u606f\u7684\u65e5\u5b50\uff0c\u4ee5\u514d\u4e00\u65b9\u9762\u80a1\u4ef7\u4f1a\u4e0a\u6da8\u88ab\u5c65\u7ea6\uff0c\u53e6\u4e00\u65b9\u9762\u914d\u5c65\u7ea6\u540e\u8981\u8d1f\u62c5\u914d\u606f\u7684\u8d23\u4efb\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u65e2\u7136\u6211\u4eec\u770b\u8dcc\u80a1\u7968\uff0c\u53ef\u4ee5\u7528-0.50 delta\u7684ATM Bear Call Spread\u6765\u8ba1\u7b97\u6295\u8d44\u62a5\u916c\u7387Return on Capital\uff0c\u8fd9\u6837\u53ea\u8981\u80a1\u4ef7\u4e0b\u8dcc\u83b7\u5229\u6700\u5927\uff0c\u5982\u679c\u80a1\u4ef7\u6da8\u4e86\u6700\u5927\u4e8f\u635f\u4e5f\u76f8\u5bf9\u5c0f\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u6211\u4eec\u53ef\u4ee5\u770b\u5230\u73b0\u5728\u6e05\u5355\u6392\u5e8f\u51fa\u88ab\u9ad8\u4f30\u6700\u591a\u7684ATM Bear Call Spread\u673a\u4f1a\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"354\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns-1024x354.png\" alt=\"bear call spread columns\" class=\"wp-image-7548\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns-1024x354.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns-300x104.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns-768x266.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns-18x6.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-columns.png 1121w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u7528Upside\u6392\u5e8f\u51fa\u88ab\u9ad8\u4f30\u6700\u591a\u7684\u80a1\u7968\uff0c\u518d\u7528Short Days\u6311\u51fa\u6700\u8fd1\u4e0b\u8dcc\u7684\u673a\u4f1a\u3002<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u73b0\u5728\u6700\u4f73\u7684Bear Call Spread\u671f\u6743\u8fdb\u573a\u673a\u4f1a<\/h2>\n\n\n\n<p>\u7efc\u5408Upside\u548cShort Days\u7684\u6570\u636e\uff0c\u6211\u4eec\u770b\u5230\u73b0\u5728\u88ab\u9ad8\u4f30\u6700\u591a\u7684\u80a1\u7968\u4e2dENPH\u79bb\u4e0b\u8dcc\u8baf\u53f7\u51fa\u73b0\u7ecf\u8fc7\u4e868\u4e2a\u4ea4\u6613\u65e5\uff0c\u672a\u6765\u4e5f\u6ca1\u6709\u53d1\u80a1\u606f\u7684Ex-Dividend Date\uff0c\u662f\u73b0\u5728\u6700\u9ad8\u673a\u4f1a\u7684\u4e0b\u8dcc\u7684\u80a1\u7968\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"354\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener-1024x354.png\" alt=\"bear call spread screener enph\" class=\"wp-image-7553\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener-1024x354.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener-300x104.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener-768x266.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener-18x6.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/bear-call-spread-screener.png 1121w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u7efc\u5408Upside\u548cShort Days\u6311\u51fa\u73b0\u5728\u6700\u597d\u7684ATM Bear Call Spreads\u662fENPH\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u4eceEnphase\u80a1\u4ef7\u8d8b\u52bf\u6765\u770b\uff0c\u6211\u4eec\u786e\u8ba4ENPH\u81ea\u4ece8\u4e2a\u4ea4\u6613\u65e5\u4ee5\u524d\u786e\u5b9e\u8fbe\u5230$220\u9ad8\u70b9\uff0c\u8ddf\u6211\u4eec\u770b\u8dcc\u9009\u80a1\u795e\u5668\u63d0\u5230\u7684Short Signal Price\u76f8\u540c\uff0c\u63a5\u4e0b\u6765ENPH\u80a1\u4ef7\u8d70\u4e0b\u5761\uff0c\u77ed\u65f6\u95f4\u5185\u6709\u9ad8\u673a\u7387\u4e0d\u4f1a\u4e0a\u6da8\u8d85\u8fc7Short Signal Price\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"980\" height=\"579\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-short-signal-price-trend.png\" alt=\"enph short signal price trend\" class=\"wp-image-7562\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-short-signal-price-trend.png 980w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-short-signal-price-trend-300x177.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-short-signal-price-trend-768x454.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-short-signal-price-trend-18x12.png 18w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><figcaption class=\"wp-element-caption\">ENPH\u57288\u4e2a\u4ea4\u6613\u65e5\u8fbe\u5230Short Signal Price\u7684$220\uff0c\u4e4b\u540e\u5c31\u4e0d\u65ad\u4e0b\u8dcc\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u6211\u4eec\u5356\u4e00\u4e2a35\u5929\u540e\u5230\u671f\u7684ENPH\u4ef7\u5e73ATM Call Spread\u671f\u6743\uff0c\u5982\u679c\u622a\u6b62\u524dEnphase\u80a1\u4ef7\u6ca1\u6709\u4e0a\u6da8\uff0c\u8fd9\u4e2a\u4ea4\u6613\u6709\u6700\u9ad886%\u7684\u6295\u8d44\u62a5\u916c\u7387\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread-1024x576.png\" alt=\"enph atm bear call spread\" class=\"wp-image-7560\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/enph-atm-bear-call-spread.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u5356\u4e00\u4e2a35\u5929\u540e\u5230\u671f\u7684ENPH\u4ef7\u5e73ATM Call Spread\u6709\u6700\u9ad886%\u7684\u6295\u8d44\u62a5\u916c\u7387\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u73b0\u5728\u4f60\u77e5\u9053\u5982\u4f55\u4f7f\u7528\u770b\u8dccCall Spread\u795e\u5668\u6311\u51fa\u88ab\u9ad8\u4f30\u5e76\u4e14\u6709\u9ad8\u673a\u4f1a\u4fee\u6b63\u7684\u80a1\u7968\uff0c\u8bb0\u5f97\u8981\u5e38\u5e38\u7528\u9009\u80a1\u795e\u5668\u6311\u9009\u6700\u770b\u597d\u7684Bear Call Spread\u4ea4\u6613\u673a\u4f1a\uff0c\u8ba9\u4f60\u5728portfolio\u4e2d\u589e\u52a0\u770b\u8dcc\u7684\u4ea4\u6613\uff0c\u505a\u597ddelta\u5bf9\u51b2\u5206\u6563\u98ce\u9669\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5982\u4f55\u8f6c\u4ed3\u770b\u8dccCall\u5782\u76f4\u4ef7\u5dee\uff1f<\/h2>\n\n\n\n<p class=\"translation-block\">\u5f53\u6211\u4eec\u7684\u770b\u8dccCall\u5782\u76f4\u4ef7\u5dee\u5feb\u622a\u6b62\u7684\u65f6\u5019\uff0c\u5982\u679c\u80a1\u4ef7\u504f\u9ad8\u9020\u6210\u4ea4\u6613\u4e8f\u635f\uff0c\u6211\u4eec\u53ef\u4ee5\u8003\u8651\u5c06<a href=\"https:\/\/slashtraders.com\/cn\/blog\/roll-put-call-credit-spread-options\/\" target=\"_blank\" rel=\"noreferrer noopener\">Call Spread roll\u5230\u4e0b\u4e2a\u6708<\/a>\uff0c\u7ee7\u7eed\u7b49\u5f85\u80a1\u4ef7\u4e0b\u8dcc\u83b7\u5229\u3002<\/p>\n\n\n\n<p>\u5047\u5982Netflix\u770b\u8dccCall Spread\u56e0\u4e3a\u80a1\u4ef7\u4e0a\u6da8\u800c\u4e8f\u635f\uff0c\u4f46\u6211\u4eec\u8fd8\u662f\u89c9\u5f97\u80a1\u4ef7\u4f1a\u53cd\u5f39\u4e0b\u8dcc\uff0c\u6211\u4eec\u5c31\u53ef\u4ee5\u5ef6\u540e\u5408\u7ea6\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f.png\" alt=\"netflix call spread\u4e8f\u635f\" class=\"wp-image-7691\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/netflix-call-spread\u4e8f\u635f-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u80a1\u4ef7\u504f\u9ad8\u9020\u6210Bear Call Spread\u4e8f\u635f\u3002<\/figcaption><\/figure>\n\n\n\n<p>Roll Bear Call Spread\u7684\u65f6\u5019\u8981\u628a\u73b0\u5728\u7684Call Credit Spread\u5e73\u4ed3\uff0c\u518dSell to Open\u4e0b\u4e2a\u6708\u5230\u671f\u7684Call Spread\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread.png\" alt=\"\u5ef6\u540enflx call spread\" class=\"wp-image-7693\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u5ef6\u540enflx-call-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u628a\u73b0\u5728\u7684Call Credit Spread\u5e73\u4ed3\uff0c\u518dSell to Open\u4e0b\u4e2a\u6708\u5230\u671f\u7684Call Spread\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u6211\u4eec\u53ef\u4ee5\u5c06\u65b0\u7684Call Spread\u5bbd\u5ea6\u62c9\u5f00\u589e\u52a0\u6536\u5165\uff0c\u6765\u586b\u8865\u4ea4\u6613\u7684\u4e8f\u635f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread.png\" alt=\"\u4e0b\u4e2a\u6708netflix call spread\" class=\"wp-image-7698\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/\u4e0b\u4e2a\u6708netflix-call-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u5ef6\u957f\u622a\u6b62\u65f6\u95f4\u7684\u770b\u8dccCall Credit Spread\uff0c\u7528\u672a\u6765\u7684\u65f6\u95f4\u4ef7\u503c\u4ee5\u53ca\u589e\u52a0\u7684\u5bbd\u5ea6\u586b\u8865\u4e8f\u635f\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u6700\u540e\u5c31\u662f\u5f97\u5230\u5ef6\u957f\u622a\u6b62\u65f6\u95f4\u7684\u770b\u8dccCall Spread\uff0c\u7528\u672a\u6765\u7684\u65f6\u95f4\u4ef7\u503c\u4ee5\u53ca\u4ef7\u5dee\u5bbd\u5ea6\u589e\u52a0\u586b\u8865\u4e8f\u635f\u5e76\u589e\u52a0\u6536\u5165\uff0c\u671f\u5f85NFLX\u672a\u6765\u4e0b\u8dcc\u5230\u9884\u671f\u7684\u4ef7\u4f4d\uff0c\u5e76\u7b49\u5f85\u65b0\u7684\u5782\u76f4\u4ef7\u5dee\u83b7\u5229\u3002<\/p>\n\n\n\n<p class=\"has-ast-global-color-4-background-color has-background\"><a href=\"https:\/\/slashtraders.com\/cn\/blog\/slashtraders-vs-sp500\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5f00\u7bb1\u659c\u6760\u6295\u8d44\u8fbe\u4eba\u51fb\u8d25\u6807\u666e500\u6307\u6570450%\u7684\u5b8c\u6574\u4ea4\u6613\u7b56\u7565<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u7528\u770b\u8dccCall 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