{"id":30388,"date":"2023-12-07T09:14:54","date_gmt":"2023-12-07T09:14:54","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-hai-au-seagull-option-la-gi-xay-dung-mot-chien-luoc-quyen-chon-hai-au.html"},"modified":"2023-12-23T06:12:57","modified_gmt":"2023-12-22T23:12:57","slug":"quyen-chon-hai-au-seagull-option-la-gi-xay-dung-mot-chien-luoc-quyen-chon-hai-au","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-hai-au-seagull-option-la-gi-xay-dung-mot-chien-luoc-quyen-chon-hai-au.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u (Seagull Option) l\u00e0 g\u00ec? X\u00e2y d\u1ef1ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u"},"content":{"rendered":"
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\"Quy\u1ec1n<\/div>
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Admiralmarkets.com<\/p>\n<\/figcaption><\/figure>\n

Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Seagull Option.<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u <\/b>l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch quy\u1ec1n ch\u1ecdn ba nh\u00e1nh g\u1ed3m hai quy\u1ec1n ch\u1ecdn b\u00e1n v\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn mua ho\u1eb7c hai quy\u1ec1n ch\u1ecdn mua v\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn b\u00e1n.\u00a0<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/font><\/h3>\n

– Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/b> t\u0103ng gi\u00e1<\/i> l\u00e0 k\u1ebft h\u1ee3p gi\u1eefa chi\u1ebfn l\u01b0\u1ee3c\u00a0\u0111\u1ea7u c\u01a1 gi\u00e1 l\u00ean b\u1eb1ng quy\u1ec1n ch\u1ecdn mua\u00a0(Bull call spread) v\u00e0\u00a0\u0111\u1ea7u c\u01a1 gi\u00e1 l\u00ean b\u1eb1ng quy\u1ec1n ch\u1ecdn b\u00e1n\u00a0(Bull put spread).\u00a0<\/p>\n

– Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u gi\u1ea3m gi\u00e1<\/i> l\u00e0 k\u1ebft h\u1ee3p gi\u1eefa chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u c\u01a1 gi\u00e1 xu\u1ed1ng b\u1eb1ng quy\u1ec1n ch\u1ecdn mua (Bear call spread) v\u00e0 \u0111\u1ea7u c\u01a1 gi\u00e1 xu\u1ed1ng b\u1eb1ng quy\u1ec1n ch\u1ecdn b\u00e1n (Bear put spread). \u00a0 \u00a0\u00a0<\/p>\n

Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 l\u00e0 c\u00e1c v\u1ecb th\u1ebf c\u00f3 \u0111\u1ea3m b\u1ea3o nh\u1eb1m h\u1ea1n ch\u1ebf r\u1ee7i ro \u0111i k\u00e8m v\u1edbi l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng b\u1ecb h\u1ea1n ch\u1ebf.\u00a0<\/i><\/p>\n

\u0110\u01b0a th\u00eam m\u1ed9t v\u1ecb th\u1ebf b\u00e1n v\u00e0o c\u00e1c quy\u1ec1n ch\u1ecdn kh\u00e1c gi\u00fap t\u00e0i tr\u1ee3 cho v\u1ecb th\u1ebf b\u00e1n v\u00e0 chi ph\u00ed tr\u1edf v\u1ec1 kh\u00f4ng. Tuy nhi\u00ean, n\u00f3 \u0111i c\u00f9ng v\u1edbi kh\u1ea3 n\u0103ng thua l\u1ed7 gia t\u0103ng n\u1ebfu gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf di chuy\u1ec3n ng\u01b0\u1ee3c h\u01b0\u1edbng qu\u00e1 xa. \u00a0 \u00a0\u00a0<\/p>\n

N\u00f3i c\u00e1ch kh\u00e1c, quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u l\u00e0 m\u1ed9t ph\u01b0\u01a1ng th\u1ee9c b\u1ea3o v\u1ec7 m\u1ed9t h\u01b0\u1edbng \u1edf \u0111\u00f3 c\u00e1c chuy\u1ec3n \u0111\u1ed9ng l\u00ean ho\u1eb7c xu\u1ed1ng c\u1ee7a gi\u00e1 c\u1ea3 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t nh\u01b0ng kh\u00f4ng th\u1ec3 ki\u1ec3m so\u00e1t c\u1ea3 hai h\u01b0\u1edbng.\u00a0<\/i><\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u <\/b>ngo\u00e0i li\u00ean quan \u0111\u1ebfn m\u1ee9c ch\u00eanh l\u1ec7ch gi\u00e1 mua t\u0103ng v\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 b\u00e1n gi\u1ea3m, ch\u00fang c\u0169ng li\u00ean quan \u0111\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ng\u01b0\u1ee3c l\u1ea1i s\u1eed d\u1ee5ng ch\u00eanh l\u1ec7ch gi\u00e1 mua gi\u1ea3m v\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 b\u00e1n t\u0103ng. \u00a0\u00a0<\/p>\n

X\u00e2y d\u1ef1ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/font><\/h3>\n

C\u00e1c h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn trong chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/b> ph\u1ea3i c\u00f3 s\u1ed1 l\u01b0\u1ee3ng b\u1eb1ng nhau v\u00e0 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 sao cho ph\u1ea7n b\u00f9 b\u1eb1ng kh\u00f4ng.\u00a0<\/p>\n

C\u1ea5u tr\u00fac n\u00e0y s\u1ebd ph\u00f9 h\u1ee3p khi \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng cao nh\u01b0ng n\u00f3 d\u1ef1 ki\u1ebfn s\u1ebd gi\u1ea3m v\u00e0 \u0111\u01b0\u1ee3c giao d\u1ecbch khi kh\u00f4ng c\u00f3 nhi\u1ec1u s\u1ef1 ch\u1eafc ch\u1eafn v\u1ec1 h\u01b0\u1edbng gi\u00e1.\u00a0<\/i><\/p>\n

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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Investopedia.com<\/p>\n<\/figcaption><\/figure>\n

Trong v\u00ed d\u1ee5 th\u1ee9 hai \u1edf trong h\u00ecnh, ng\u01b0\u1eddi ph\u00f2ng h\u1ed9 (Hedger)<\/i> s\u1eed d\u1ee5ng m\u1ed9t quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u c\u00f3 c\u1ea5u tr\u00fac l\u00e0 m\u1ed9t ch\u00eanh l\u1ec7ch quy\u1ec1n ch\u1ecdn b\u00e1n (hai quy\u1ec1n ch\u1ecdn b\u00e1n) \u0111\u01b0\u1ee3c t\u00e0i tr\u1ee3 b\u1edfi m\u1ed9t quy\u1ec1n ch\u1ecdn mua \u0111ang l\u1ed7 (OTM put).\u00a0<\/p>\n

C\u1ea5u tr\u00fac n\u00e0y l\u00e0 d\u1ea1ng l\u00ed t\u01b0\u1edfng \u0111\u1ec3 t\u1ea1o ra m\u1ee9c ph\u1ea7n b\u00f9 b\u1eb1ng kh\u00f4ng, c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn mua h\u1ea3i \u00e2u. Ng\u01b0\u1eddi ph\u00f2ng h\u1ed9 s\u1ebd h\u01b0\u1edfng l\u1ee3i t\u1eeb vi\u1ec7c gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf t\u0103ng v\u00e0 b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u00e1 th\u1ef1c hi\u1ec7n b\u00e1n quy\u1ec1n ch\u1ecdn mua. \u00a0\u00a0<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u\u00a0<\/font><\/h3>\n

D\u01b0\u1edbi \u0111\u00e2y l\u00e0 v\u00ed d\u1ee5 giao d\u1ecbch ti\u1ec1n t\u1ec7 theo quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u <\/b>c\u00f3 gi\u00e1 bi\u1ebfn \u0111\u1ed9ng l\u1edbn v\u00e0 nh\u00e0 giao d\u1ecbch k\u00ec v\u1ecdng gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf s\u1ebd t\u0103ng khi bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m xu\u1ed1ng.\u00a0Trong v\u00ed d\u1ee5 n\u00e0y, \u0111\u1ed3ng euro \u0111ang giao d\u1ecbch \u1edf m\u1ee9c 1.2303. \u00a0\u00a0<\/p>\n

\u0110\u1ea7u ti\u00ean, nh\u00e0 giao d\u1ecbch mua ch\u00eanh l\u1ec7ch gi\u00e1 mua t\u0103ng gi\u00e1 bao g\u1ed3m vi\u1ec7c mua quy\u1ec1n ch\u1ecdn mua c\u00f3 gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n l\u00e0 1.2300 v\u1edbi gi\u00e1 l\u00e0 0,0041 v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua 1,2350 v\u1edbi m\u1ee9c gi\u00e1 0,0020.\u00a0<\/p>\n

C\u1ea3 hai lo\u1ea1i quy\u1ec1n ch\u1ecdn mua \u0111\u1ec1u c\u00f3 c\u00f9ng m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf v\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n. \u00a0\u00a0<\/i><\/p>\n

Ti\u1ebfp theo, b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n 1,2250 v\u1edbi m\u1ee9c gi\u00e1 0,0017 c\u00f3 c\u00f9ng ng\u00e0y \u0111\u00e1o h\u1ea1n. Chi ph\u00ed r\u00f2ng cho giao d\u1ecbch n\u00e0y s\u1ebd l\u00e0 0,0041 – 0,0020 – 0,0017 = 0,0004. \u00a0\u00a0<\/p>\n

Cu\u1ed1i c\u00f9ng, nh\u00e0 giao d\u1ecbch \u0111i\u1ec1u ch\u1ec9nh c\u00e1c m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n n\u1ebfu c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111\u01b0a m\u1ee9c ph\u1ea7n b\u00f9 (chi ph\u00ed) xu\u1ed1ng g\u1ea7n b\u1eb1ng kh\u00f4ng. \u00a0\u00a0<\/p>\n

– Nh\u01b0 v\u1edbi t\u1ea5t c\u1ea3 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch kh\u00e1c, s\u1eed d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u<\/b> c\u0169ng y\u00eau c\u1ea7u ph\u1ea3i k\u1ebft h\u1ee3p \u0111\u00fang c\u00e1c quy\u1ec1n ch\u1ecdn b\u00e1n v\u00e0 quy\u1ec1n ch\u1ecdn mua.\u00a0<\/p>\n

– Ngo\u00e0i ra, \u0111i\u1ec1u quan tr\u1ecdng kh\u00f4ng k\u00e9m l\u00e0 ph\u1ea3i \u0111\u1ea3m b\u1ea3o ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee7a c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u1ed3ng nh\u1ea5t v\u1edbi c\u00e1c k\u00ec v\u1ecdng v\u1ec1 thay \u0111\u1ed5i trong gi\u00e1 c\u1ea3 v\u00e0 m\u1ee9c bi\u1ebfn \u0111\u1ed9ng gi\u00e1.\u00a0<\/p>\n

M\u1eb7c d\u00f9 chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u gi\u00fap gi\u1ea3m m\u1ee9c \u0111\u1ed9 r\u1ee7i ro gi\u1ea3 \u0111\u1ecbnh c\u1ee7a nh\u00e0 giao d\u1ecbch, c\u1ea5u tr\u00fac n\u00e0y s\u1ebd kh\u00f4ng lo\u1ea1i b\u1ecf ho\u00e0n to\u00e0n m\u1ecdi bi\u1ebfn \u0111\u1ed9ng.\u00a0<\/p>\n

H\u01a1n n\u1eefa, c\u00f3 kh\u1ea3 n\u0103ng l\u1ee3i nhu\u1eadn thu \u0111\u01b0\u1ee3c s\u1ebd \u00edt h\u01a1n d\u1ef1 \u0111o\u00e1n, \u0111\u1eb7c bi\u1ec7t l\u00e0 n\u1ebfu s\u1ef1 d\u1ecbch chuy\u1ec3n c\u1ee7a gi\u00e1 kh\u00f4ng l\u1edbn nh\u01b0 d\u1ef1 ki\u1ebfn.\u00a0 \u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Quy\u1ec1n ch\u1ecdn h\u1ea3i \u00e2u (ti\u1ebfng Anh: Seagull Option) l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch quy\u1ec1n ch\u1ecdn ba nh\u00e1nh g\u1ed3m hai quy\u1ec1n ch\u1ecdn b\u00e1n v\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn mua ho\u1eb7c hai quy\u1ec1n ch\u1ecdn mua v\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn b\u00e1n.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30388"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30388"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30388\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}