{"id":30867,"date":"2023-12-07T09:58:13","date_gmt":"2023-12-07T09:58:13","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chien-luoc-dan-trai-hinh-canh-buom-butterfly-spread-la-gi-phan-loai.html"},"modified":"2023-12-23T07:23:27","modified_gmt":"2023-12-23T00:23:27","slug":"chien-luoc-dan-trai-hinh-canh-buom-butterfly-spread-la-gi-phan-loai","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chien-luoc-dan-trai-hinh-canh-buom-butterfly-spread-la-gi-phan-loai.html","title":{"rendered":"Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm (Butterfly Spread) l\u00e0 g\u00ec? Ph\u00e2n lo\u1ea1i"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/p>\n<\/figcaption><\/figure>\n

Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm (Butterfly Spread)<\/font><\/h2>\n

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

Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm<\/b> trong ti\u1ebfng Anh l\u00e0 Butterfly Spread.<\/b><\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm<\/i> l\u00e0 s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa\u00a0chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i gi\u00e1 l\u00ean\u00a0v\u00e0\u00a0chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i gi\u00e1 xu\u1ed1ng\u00a0v\u1edbi m\u1ee9c r\u1ee7i ro c\u1ed1 \u0111\u1ecbnh v\u00e0 l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c bi\u1ebft tr\u01b0\u1edbc. C\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y s\u1eed d\u1ee5ng c\u1ea3 4 quy\u1ec1n ch\u1ecdn mua v\u00e0 quy\u1ec1n ch\u1ecdn b\u00e1n d\u1eabn \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c c\u00e2n b\u1eb1ng th\u1ecb tr\u01b0\u1eddng (market neutral strategy) v\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c nhi\u1ec1u l\u1ee3i nhu\u1eadn n\u1ebfu t\u00e0i s\u1ea3n c\u01a1 s\u1edf kh\u00f4ng bi\u1ebfn \u0111\u1ed9ng tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n.<\/p>\n

Ph\u00e2n lo\u1ea1i Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm<\/font><\/h3>\n

Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm<\/i> c\u00f3 4 lo\u1ea1i ch\u00ednh, \u0111\u00f3 l\u00e0:<\/p>\n

1. Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm <\/i>b\u1eb1ng mua quy\u1ec1n ch\u1ecdn mua (Long call butterfly)<\/p>\n

Li\u00ean quan \u0111\u1ebfn c\u00e1c v\u1ecb th\u1ebf quy\u1ec1n ch\u1ecdn v\u1edbi 3 m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n kh\u00e1c nhau.<\/p>\n

Mua 1 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X1 t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p<\/p>\n

Mua 1 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X3 t\u01b0\u01a1ng \u0111\u1ed1i cao<\/p>\n

B\u00e1n 2 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X2 (v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n\u00a0trung b\u00ecnh)<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y th\u1ef1c hi\u1ec7n khi nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u0129 r\u1eb1ng gi\u00e1 t\u00e0i s\u1ea3n c\u01a1\u00a0s\u1edf \u00f4\u0309n \u0111i\u0323nh ho\u0103\u0323c bi\u00ea\u0301n \u0111\u00f4\u0323ng nho\u0309. \u0110\u00e2y l\u00e0 chi\u1ebfn l\u01b0\u1ee3c gi\u1edbi h\u1ea1n l\u1ed7 v\u00e0 l\u00e3i c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. T\u1ea5t c\u1ea3 \u0111\u1ec1u c\u00f3 c\u00f9ng m\u1ed9t th\u1eddi gian \u0111\u00e1o h\u1ea1n v\u00e0 m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/p>\n

2. Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm <\/i>b\u1eb1ng mua quy\u1ec1n ch\u1ecdn b\u00e1n (Long put butterfly)<\/p>\n

Li\u00ean quan \u0111\u1ebfn c\u00e1c v\u1ecb th\u1ebf quy\u1ec1n ch\u1ecdn v\u1edbi 3 m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n kh\u00e1c nhau:<\/p>\n

Mua\u00a01\u00a0quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X1 t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p<\/p>\n

Mua 1 quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X3 t\u01b0\u01a1ng \u0111\u1ed1i cao<\/p>\n

B\u00e1n 2 quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X2 trung b\u00ecnh<\/p>\n

T\u1ea5t c\u1ea3 \u0111\u1ec1u c\u00f3 c\u00f9ng m\u1ed9t th\u1eddi gian \u0111\u00e1o h\u1ea1n v\u00e0 m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf\u00a0<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y th\u1ef1c hi\u1ec7n khi nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u0129 r\u1eb1ng gi\u00e1 t\u00e0i s\u1ea3n c\u01a1\u00a0s\u1edf \u00f4\u0309n \u0111i\u0323nh ho\u0103\u0323c bi\u00ea\u0301n \u0111\u00f4\u0323ng nho\u0309. \u0110\u00e2y l\u00e0 chi\u1ebfn l\u01b0\u1ee3c gi\u1edbi h\u1ea1n c\u1ea3 v\u1ec1 r\u1ee7i ro v\u00e0 l\u1ee3i nhu\u1eadn.<\/p>\n

3. Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm <\/i>b\u1eb1ng b\u00e1n quy\u1ec1n ch\u1ecdn mua (Short call butterfly)<\/p>\n

Li\u00ean quan \u0111\u1ebfn c\u00e1c v\u1ecb th\u1ebf quy\u1ec1n ch\u1ecdn v\u1edbi 3 m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n kh\u00e1c nhau:<\/p>\n

B\u00e1n 1 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X1 t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p<\/p>\n

Mua\u00a02 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span>\u00a0X2 v\u1edbi gi\u00e1 th\u1ef1c\u00a0hi\u1ec7n trung b\u00ecnh<\/p>\n

B\u00e1n 1 quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n<\/span> X3 t\u01b0\u01a1ng \u0111\u1ed1i cao\u00a0<\/p>\n

T\u1ea5t c\u1ea3 \u0111\u1ec1u c\u00f3 c\u00f9ng m\u1ed9t th\u1eddi gian \u0111\u00e1o h\u1ea1n v\u00e0 m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf. Ng\u01b0\u1ee3c v\u1edbi chi\u1ebfn l\u01b0\u1ee3c Long call Butterfly. Chi\u1ebfn\u00a0l\u01b0\u1ee3c\u00a0Short\u00a0Call\u00a0Butterfly \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u0129 r\u1eb1ng gi\u00e1\u00a0c\u1ee7a t\u00e0i\u00a0s\u1ea3n\u00a0c\u01a1\u00a0s\u1edf\u00a0bi\u1ebfn \u0111\u1ed9ng\u00a0t\u0103ng\u00a0ho\u1eb7c gi\u1ea3m m\u1ea1nh trong t\u01b0\u01a1ng lai. \u0110\u00e2y c\u0169ng l\u00e0 chi\u1ebfn l\u01b0\u1ee3c gi\u1edbi h\u1ea1n m\u1ee9c l\u00e3i v\u00e0 l\u1ed7c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

4.\u00a0Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm<\/b> b\u1eb1ng b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n (Short put butterfly)<\/p>\n

Li\u00ean quan \u0111\u1ebfn c\u00e1c v\u1ecb th\u1ebf quy\u1ec1n ch\u1ecdn v\u1edbi 3 m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n kh\u00e1c nhau:\u00a0<\/p>\n

B\u00e1n 1 quy\u1ec1n ch\u1ecdn b\u00e1n gi\u00e1 th\u1ea5p X1<\/p>\n

Mua 2 quy\u1ec1n ch\u1ecdn b\u00e1n gi\u00e1 trung b\u00ecnh X2<\/p>\n

B\u00e1n 1 quy\u1ec1n ch\u1ecdn b\u00e1n gi\u00e1 cao X3<\/p>\n

T\u1ea5t c\u1ea3 \u0111\u1ec1u c\u00f3 c\u00f9ng th\u1eddi gian \u0111\u00e1o h\u1ea1n v\u00e0 m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: T\u00e0i li\u1ec7u m\u00f4n Thanh to\u00e1n Qu\u1ed1c t\u1ebf, \u0110\u1ea1i h\u1ecdc Kinh t\u1ebf TP H\u1ed3 Ch\u00ed Minh; investopedia.com)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i h\u00ecnh c\u00e1nh b\u01b0\u1edbm (ti\u1ebfng Anh: Butterfly Spread) s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i gi\u00e1 l\u00ean v\u00e0 chi\u1ebfn l\u01b0\u1ee3c d\u00e0n tr\u1ea3i gi\u00e1 xu\u1ed1ng v\u1edbi m\u1ee9c r\u1ee7i ro c\u1ed1 \u0111\u1ecbnh v\u00e0 l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c bi\u1ebft tr\u01b0\u1edbc.\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\/30867"}],"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=30867"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30867\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}