{"id":30619,"date":"2023-12-07T09:37:57","date_gmt":"2023-12-07T09:37:57","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-chenh-lech-gia-spread-option-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T06:13:46","modified_gmt":"2023-12-22T23:13:46","slug":"quyen-chon-chenh-lech-gia-spread-option-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-chenh-lech-gia-spread-option-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 (Spread Option) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: FX Empire<\/p>\n<\/div>\n<\/div>\n

Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 spread option<\/b>.<\/p>\n

Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1<\/b> l\u00e0\u00a0d\u1ea1ng quy\u1ec1n ch\u1ecdn ph\u00e1t sinh gi\u00e1 tr\u1ecb t\u1eeb kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa hai ho\u1eb7c nhi\u1ec1u t\u00e0i s\u1ea3n. V\u00e0 d\u00f9 c\u00f3 t\u00e0i s\u1ea3n c\u01a1 s\u1edf <\/i>kh\u00e1 \u0111\u1eb7c bi\u1ec7t l\u00e0 kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u00e1, nh\u01b0ng d\u1ea1ng quy\u1ec1n ch\u1ecdn n\u00e0y v\u1eabn ho\u1ea1t \u0111\u1ed9ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 nh\u1eefng quy\u1ec1n ch\u1ecdn gi\u1ea3n \u0111\u01a1n (vanilla option)<\/i> th\u00f4ng th\u01b0\u1eddng.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1<\/font><\/h3>\n

Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 <\/b>c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng v\u1edbi t\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh, bao g\u1ed3m c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n t\u1ec7. D\u00f9 c\u00f3 m\u1ed9t s\u1ed1 d\u1ea1ng quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch l\u1edbn, nh\u01b0ng \u0111a ph\u1ea7n ch\u00fang \u0111\u01b0\u1ee3c mua b\u00e1n qua th\u1ecb tr\u01b0\u1eddng OTC<\/i>.<\/p>\n

M\u1ed9t s\u1ed1 quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 h\u00e0ng h\u00f3a gi\u00fap cho ng\u01b0\u1eddi giao d\u1ecbch c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn \u0111\u01b0\u1ee3c v\u1edbi qui tr\u00ecnh s\u1ea3n xu\u1ea5t c\u1ee7a h\u00e0ng h\u00f3a n\u00e0y, \u0111\u1eb7c bi\u1ec7t l\u00e0 ti\u1ebfp c\u1eadn v\u1edbi kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u1eefa s\u1ea3n ph\u1ea9m \u0111\u1ea7u v\u00e0o v\u00e0 s\u1ea3n ph\u1ea9m \u0111\u1ea7u ra. M\u1ed9t v\u00e0i v\u00ed d\u1ee5 \u0111\u00e1ng ch\u00fa \u00fd v\u1ec1 nh\u1eefng kho\u1ea3n ch\u00eanh l\u1ec7ch trong qui tr\u00ecnh s\u1ea3n xu\u1ea5t n\u00e0y l\u00e0 ch\u00eanh l\u1ec7ch crack<\/i>, ch\u00eanh l\u1ec7ch crush<\/i> v\u00e0 ch\u00eanh l\u1ec7ch spark<\/i>, l\u00e0 nh\u1eefng th\u01b0\u1edbc \u0111o l\u1ee3i nhu\u1eadn t\u1ea1i th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4, \u0111\u1eadu n\u00e0nh v\u00e0 n\u0103ng l\u01b0\u1ee3ng \u0111i\u1ec7n.<\/p>\n

Nh\u1eefng t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/i> trong v\u00ed d\u1ee5 tr\u00ean l\u00e0 nh\u1eefng lo\u1ea1i h\u00e0ng h\u00f3a kh\u00e1c nhau. Tuy v\u1eady, quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 c\u0169ng c\u00f3 th\u1ec3 l\u00e0 nh\u1eefng m\u1ee9c gi\u00e1 kh\u00e1c nhau c\u1ee7a c\u00f9ng m\u1ed9t lo\u1ea1i h\u00e0ng h\u00f3a nh\u01b0ng \u0111\u01b0\u1ee3c giao d\u1ecbch t\u1ea1i hai \u0111\u1ecba \u0111i\u1ec3m kh\u00e1c nhau (ch\u00eanh l\u1ec7ch \u0111\u1ecba \u0111i\u1ec3m – location spread)<\/i> ho\u1eb7c l\u00e0 kh\u00e1c nhau v\u1ec1 lo\u1ea1i (ch\u00eanh l\u1ec7ch ch\u1ea5t l\u01b0\u1ee3ng – quality spread)<\/i>.<\/p>\n

V\u00e0 c\u0169ng c\u00f3 th\u1ec3 l\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 c\u1ee7a c\u00f9ng m\u1ed9t lo\u1ea1i h\u00e0ng h\u00f3a nh\u01b0ng t\u1ea1i hai th\u1eddi \u0111i\u1ec3m kh\u00e1c nhau (ch\u00eanh l\u1ec7ch th\u1eddi gian – calendar spread)<\/i>. V\u00ed d\u1ee5 r\u00f5 r\u00e0ng nh\u1ea5t l\u00e0 quy\u1ec1n ch\u1ecdn c\u1ee7a kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa m\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai th\u00e1ng ba v\u00e0 m\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai th\u00e1ng s\u00e1u c\u1ee7a c\u00f9ng m\u1ed9t lo\u1ea1i t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1<\/font><\/h3>\n

Trong th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng, ch\u00eanh l\u1ec7ch crack <\/i>l\u00e0 kho\u1ea3n kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 c\u1ee7a s\u1ea3n ph\u1ea9m \u0111\u01b0\u1ee3c tinh ch\u1ebf nh\u01b0 d\u1ea7u \u0111\u1ed1t v\u00e0 x\u0103ng so v\u1edbi gi\u00e1 c\u1ee7a nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o l\u00e0 d\u1ea7u th\u00f4.<\/p>\n

N\u1ebfu ng\u01b0\u1eddi giao d\u1ecbch cho r\u1eb1ng ch\u00eanh l\u1ec7ch crack<\/i> s\u1ebd t\u0103ng v\u00ec bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a vi\u1ec7c tinh ch\u1ebf t\u0103ng – do gi\u00e1 d\u1ea7u th\u00f4 \u0111ang gi\u1ea3m c\u00f2n c\u1ea7u s\u1ea3n ph\u1ea9m tinh ch\u1ebf th\u00ec t\u0103ng. Th\u00ec thay v\u00ec mua s\u1ea3n ph\u1ea9m tinh ch\u1ebf v\u00e0 b\u00e1n d\u1ea7u th\u00f4, ng\u01b0\u1eddi giao d\u1ecbch n\u00e0y c\u00f3 th\u1ec3 mua m\u1ed9t quy\u1ec1n ch\u1ecdn mua<\/i> c\u1ee7a ch\u00eanh l\u1ec7ch crack<\/i>.<\/p>\n

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

\n Quy\u1ec1n ch\u1ecdn ch\u00eanh l\u1ec7ch gi\u00e1 (ti\u1ebfng Anh: Spread option) l\u00e0 d\u1ea1ng quy\u1ec1n ch\u1ecdn ph\u00e1t sinh gi\u00e1 tr\u1ecb t\u1eeb kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa hai ho\u1eb7c nhi\u1ec1u t\u00e0i s\u1ea3n.\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\/30619"}],"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=30619"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30619\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}