{"id":30681,"date":"2023-12-07T09:43:13","date_gmt":"2023-12-07T09:43:13","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-gia-thuc-hien-thap-low-exercise-price-option-lepo-la-gi-dac-diem-lepo.html"},"modified":"2023-12-23T06:14:11","modified_gmt":"2023-12-22T23:14:11","slug":"quyen-chon-gia-thuc-hien-thap-low-exercise-price-option-lepo-la-gi-dac-diem-lepo","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-gia-thuc-hien-thap-low-exercise-price-option-lepo-la-gi-dac-diem-lepo.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (Low Exercise Price Option – LEPO) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m LEPO"},"content":{"rendered":"
\n
\n
<\/div>
\n

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

Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p<\/font><\/h2>\n

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

Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Low Exercise Price Option, <\/b>vi\u1ebft t\u1eaft l\u00e0\u00a0LEPO.<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (LEPO)<\/b> l\u00e0 quy\u1ec1n ch\u1ecdn mua ch\u00e2u \u00c2u c\u00f3 gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n l\u00e0 m\u1ed9t \u0111\u1ed3ng ti\u1ec1n t\u1ec7 hay r\u1ea5t g\u1ea7n 0.\u00a0<\/p>\n

C\u1ea3 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n \u0111\u1ec1u ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng\u00a0<\/i>giao d\u1ecbch k\u00ed qu\u0129\u00a0b\u1edfi v\u00ec ch\u1ee7 s\u1edf h\u1eefu quy\u1ec1n g\u1ea7n nh\u01b0 ch\u1eafc ch\u1eafn r\u1eb1ng s\u1ebd th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn khi n\u00f3 \u0111\u00e1o h\u1ea1n, c\u00e1c h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn n\u00e0y c\u00f3 ph\u1ea7n t\u01b0\u01a1ng \u0111\u1ed3ng v\u1edbi h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.\u00a0<\/i><\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n th\u1ea5p (LEPO)\u00a0<\/font><\/h3>\n

C\u00e1c quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (LEPO) <\/b>c\u00f3 ngu\u1ed3n g\u1ed1c t\u1eeb Th\u1ee5y S\u0129 v\u00e0 nhanh ch\u00f3ng lan sang Ph\u1ea7n Lan do n\u00f3 gi\u00fap ch\u1ee7 s\u1edf h\u1eefu quy\u1ec1n tr\u00e1nh ph\u1ea3i tr\u1ea3 c\u00e1c kho\u1ea3n thu\u1ebf theo y\u00eau c\u1ea7u cho giao d\u1ecbch ch\u1ee9ng kho\u00e1n.<\/p>\n

Do gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n g\u1ea7n b\u1eb1ng 0, nh\u00e0 \u0111\u1ea7u t\u01b0 mua LEPO c\u00f3 \u0111\u01b0\u1ee3c h\u1ea7u h\u1ebft c\u00e1c t\u00ednh n\u0103ng c\u1ee7a vi\u1ec7c s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf tr\u1ef1c ti\u1ebfp v\u1edbi c\u00e1c ngo\u1ea1i l\u1ec7 nh\u01b0 nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c v\u00e0 c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft. \u00a0 \u00a0\u00a0<\/p>\n

S\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n \u00dac (ASX) \u0111\u00e3 li\u1ec7t k\u00ea c\u00e1c quy\u1ec1n ch\u1ecdn LEPO v\u00e0o n\u0103m 1995. \u00a0\u00a0 <\/i><\/p>\n

LEPO v\u00e0 c\u00e1c quy\u1ec1n ch\u1ecdn th\u00f4ng th\u01b0\u1eddng\u00a0<\/font><\/h3>\n

Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n th\u1ea5p (LEPO)<\/b> kh\u00e1c v\u1edbi c\u00e1c quy\u1ec1n ch\u1ecdn th\u00f4ng th\u01b0\u1eddng hay quy\u1ec1n ch\u1ecdn ti\u00eau chu\u1ea9n \u1edf m\u1ed9t s\u1ed1 \u0111\u1eb7c \u0111i\u1ec3m ch\u00ednh: \u00a0\u00a0<\/p>\n

\u00a0– LEPO ch\u1ec9 kh\u1ea3 d\u1ee5ng d\u01b0\u1edbi d\u1ea1ng quy\u1ec1n ch\u1ecdn mua.\u00a0<\/p>\n

\u00a0– Ch\u1ec9 \u00e1p d\u1ee5ng v\u1edbi c\u00e1ch t\u00ednh k\u00ec h\u1ea1n theo quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u.<\/p>\n

\u00a0– LEPO l\u00e0 quy\u1ec1n ch\u1ecdn \u0111ang l\u1eddi (ITM) n\u00ean \u0111\u01b0\u1ee3c giao d\u1ecbch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 ch\u00ednh c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf.\u00a0<\/p>\n

\u00a0– Ng\u01b0\u1eddi mua mua quy\u1ec1n ch\u1ecdn LEPO b\u1eb1ng c\u00e1c giao d\u1ecbch k\u00ed qu\u0129, v\u00ec v\u1eady h\u1ecd kh\u00f4ng tr\u1ea3 tr\u01b0\u1edbc to\u00e0n b\u1ed9 kho\u1ea3n ph\u1ea7n b\u00f9.\u00a0<\/p>\n

\u00a0– C\u1ea3 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n s\u1ebd li\u00ean t\u1ee5c c\u00f3 c\u00e1c kho\u1ea3n thanh to\u00e1n k\u00ed qu\u0129.<\/p>\n

\u00a0– Ng\u01b0\u1eddi n\u1eafm gi\u1eef kh\u00f4ng nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c ho\u1eb7c c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft cho \u0111\u1ebfn sau khi th\u1ef1c hi\u1ec7n.\u00a0<\/p>\n

V\u1ec1 m\u1eb7t kh\u00e1i ni\u1ec7m, quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (LEPO) <\/b>c\u0169ng \u0111\u00f3ng vai tr\u00f2 nh\u01b0 h\u1ee3p \u0111\u1ed3ng k\u00ec h\u1ea1n hay h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.\u00a0<\/p>\n

Quy\u1ec1n ch\u1ecdn ti\u00eau chu\u1ea9n cung c\u1ea5p cho ch\u1ee7 s\u1edf h\u1eefu quy\u1ec1n v\u00e0 ch\u1ee7 s\u1edf h\u1eefu quy\u1ec1n kh\u00f4ng c\u00f3 ngh\u0129a v\u1ee5 ph\u1ea3i mua ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf t\u1ea1i ho\u1eb7c tr\u01b0\u1edbc th\u1eddi \u0111i\u1ec3m h\u1ee3p \u0111\u1ed3ng h\u1ebft h\u1ea1n.<\/i><\/p>\n

V\u1ec1 c\u01a1 b\u1ea3n, m\u1ed9t quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (LEPO) l\u00e0 m\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u00e0 ng\u01b0\u1eddi s\u1edf h\u1eefu quy\u1ec1n c\u00f3 ngh\u0129a v\u1ee5 ph\u1ea3i nh\u1eadn t\u00e0i s\u1ea3n c\u01a1 s\u1edf \u0111\u00e3 \u0111\u01b0\u1ee3c chuy\u1ec3n giao. \u00a0\u00a0<\/p>\n

T\u1ea5t nhi\u00ean, t\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn v\u00e0 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c giao d\u1ecbch \u0111\u1ec3 \u0111\u00f3ng v\u1ecb th\u1ebf v\u00e0 tr\u00e1nh vi\u1ec7c chuy\u1ec3n giao t\u00e0i s\u1ea3n c\u01a1 s\u1edf. \u00a0<\/p>\n

S\u1eed d\u1ee5ng LEPO\u00a0<\/font><\/h3>\n

Do LEPO <\/b>l\u00e0 m\u1ed9t quy\u1ec1n ch\u1ecdn c\u00f3 gi\u00e1 n\u1eb1m s\u00e2u trong v\u00f9ng ITM, ch\u00fang c\u00f3 gi\u00e1 tr\u1ecb delta r\u1ea5t cao v\u00e0 \u0111\u01b0\u1ee3c giao d\u1ecbch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 m\u1ed9t c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf.\u00a0<\/p>\n

C\u00e1c quy\u1ec1n ch\u1ecdn LEPO l\u00e0 c\u00e1c quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u, c\u00f3 ngh\u0129a l\u00e0 ch\u00fang ch\u1ec9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi h\u1ee3p \u0111\u1ed3ng h\u1ebft h\u1ea1n, gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n c\u1ee7a ch\u00fang g\u1ea7n nh\u01b0 b\u1eb1ng kh\u00f4ng \u0111\u1ea3m b\u1ea3o r\u1eb1ng ng\u01b0\u1eddi n\u1eafm gi\u1eef s\u1ebd giao c\u1ed5 phi\u1ebfu t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00f3. \u00a0\u00a0<\/p>\n

Quy\u1ec1n ch\u1ecdn n\u1eb1m s\u00e2u trong v\u00f9ng ITM c\u00f3 ph\u00ed ph\u1ea7n b\u00f9 r\u1ea5t cao, hay chi ph\u00ed ban \u0111\u1ea7u c\u1ee7a n\u00f3 r\u1ea5t cao.\u00a0<\/p>\n

Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef LEPO th\u01b0\u1eddng giao d\u1ecbch k\u00ed qu\u0129, l\u00e0m gi\u1ea3m chi ph\u00ed tr\u1ea3 tr\u01b0\u1edbc. \u00a0 <\/i><\/p>\n

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

\n Quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p (ti\u1ebfng Anh: Low Exercise Price Option, vi\u1ebft t\u1eaft: LEPO) l\u00e0 quy\u1ec1n ch\u1ecdn mua ch\u00e2u \u00c2u c\u00f3 gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n l\u00e0 m\u1ed9t \u0111\u1ed3ng ti\u1ec1n t\u1ec7.\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\/30681"}],"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=30681"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30681\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}