{"id":30960,"date":"2023-12-07T10:03:10","date_gmt":"2023-12-07T10:03:10","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-chau-a-asian-option-la-gi-nhung-dac-diem-co-ban.html"},"modified":"2023-12-23T07:24:20","modified_gmt":"2023-12-23T00:24:20","slug":"quyen-chon-chau-a-asian-option-la-gi-nhung-dac-diem-co-ban","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-chau-a-asian-option-la-gi-nhung-dac-diem-co-ban.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1 (Asian Option) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u01a1 b\u1ea3n"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Gscoalition.org<\/p>\n<\/div>\n<\/div>\n

Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/font><\/h2>\n

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

Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 Asian option<\/b> hay average option<\/b>.<\/p>\n

Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/b> l\u00e0 m\u1ed9t lo\u1ea1i quy\u1ec1n ch\u1ecdn m\u00e0 gi\u00e1 \u0111\u01b0\u1ee3c t\u00ednh l\u00e0 gi\u00e1 trung b\u00ecnh c\u1ee7a t\u00e0i s\u1ea3n trong m\u1ed9t kho\u1ea3n th\u1eddi gian, ng\u01b0\u1ee3c l\u1ea1i v\u1edbi nh\u1eefng lo\u1ea1i quy\u1ec1n ch\u1ecdn kh\u00e1c (ki\u1ec3u M\u1ef9 v\u00e0 ch\u00e2u \u00c2u) khi m\u00e0 gi\u00e1 \u0111\u01b0\u1ee3c t\u00ednh l\u00e0 gi\u00e1 v\u00e0o th\u1eddi \u0111i\u1ec3m \u0111\u00e1o h\u1ea1n. Lo\u1ea1i quy\u1ec1n ch\u1ecdn n\u00e0y gi\u00fap ng\u01b0\u1eddi mua c\u00f3 th\u1ec3 mua (ho\u1eb7c b\u00e1n) t\u00e0i s\u1ea3n v\u1edbi gi\u00e1 trung b\u00ecnh thay v\u00ec gi\u00e1 th\u1ecb tr\u01b0\u1eddng.<\/p>\n

C\u00f3 nhi\u1ec1u c\u00e1ch hi\u1ec3u kh\u00e1i ni\u1ec7m gi\u00e1 trung b\u00ecnh v\u00e0 c\u1ea7n \u0111\u01b0\u1ee3c l\u00e0m r\u00f5 trong h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn. Th\u01b0\u1eddng th\u00ec th\u00ec gi\u00e1 trung b\u00ecnh ch\u00ednh l\u00e0 gi\u00e1 trung b\u00ecnh c\u1ed9ng ho\u1eb7c trung b\u00ecnh nh\u00e2n c\u1ee7a t\u00e0i s\u1ea3n trong m\u1ed9t kho\u1ea3n th\u1eddi gian x\u00e1c \u0111\u1ecbnh \u0111\u01b0\u1ee3c ghi r\u00f5 trong h\u1ee3p \u0111\u1ed3ng.<\/p>\n

Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/b> c\u00f3 bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng r\u1ea5t th\u1ea5p nh\u1edd v\u00e0o c\u01a1 c\u1ea5u t\u00ednh gi\u00e1 trung b\u00ecnh. N\u00f3 th\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u00f9ng b\u1edfi nh\u1eefng nh\u00e0 giao d\u1ecbch mu\u1ed1n quI \u0111\u1ed5i ra th\u00e0nh t\u00e0i s\u1ea3n sau m\u1ed9t kho\u1ea3n th\u1eddi gian, v\u00ed d\u1ee5 nh\u01b0 ng\u01b0\u1eddi ti\u00eau d\u00f9ng hay nh\u00e0 cung c\u1ea5p h\u00e0ng h\u00f3a,\u2026<\/p>\n

Ph\u00e2n t\u00edch quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/font><\/h3>\n

Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/b> \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i l\u00e0 quy\u1ec1n ch\u1ecdn lai v\u00e0 th\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 gi\u1ea3i nh\u1eefng v\u1ea5n \u0111\u1ec1 \u0111\u1eb7c th\u00f9 m\u00e0 nh\u1eefng quy\u1ec1n ch\u1ecdn c\u01a1 b\u1ea3n kh\u00f4ng l\u00e0m \u0111\u01b0\u1ee3c. N\u00f3 \u0111\u01b0\u1ee3c t\u1ea1o ra b\u1eb1ng vi\u1ec7c thay \u0111\u1ed5i m\u1ed9t \u00edt c\u1ea5u tr\u00fac c\u1ee7a nh\u1eefng quy\u1ec1n ch\u1ecdn th\u00f4ng th\u01b0\u1eddng. \u0110a ph\u1ea7n (kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng v\u1eady), quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1 s\u1ebd r\u1ebb h\u01a1n nh\u1eefng quy\u1ec1n ch\u1ecdn kh\u00e1c, v\u00ec \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a gi\u00e1 trung b\u00ecnh th\u01b0\u1eddng \u00edt h\u01a1n gi\u00e1 th\u1ecb tr\u01b0\u1eddng.<\/p>\n

M\u1ed9t v\u00e0i \u1ee9ng d\u1ee5ng th\u01b0\u1eddng th\u1ea5y l\u00e0:<\/p>\n

– Khi m\u1ed9t doanh nghi\u1ec7p lo l\u1eafng v\u1ec1 t\u1ec8 gi\u00e1 h\u1ed1i \u0111o\u00e1i trung b\u00ecnh trong t\u01b0\u01a1ng lai.<\/p>\n

– Khi gi\u00e1 t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m nh\u1ea5t \u0111\u1ecbnh d\u1ec5 c\u00f3 kh\u1ea3 n\u0103ng b\u1ecb thao t\u00fang.<\/p>\n

– Khi gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a t\u00e0i s\u1ea3n \u0111\u00f3 r\u1ea5t bi\u1ebfn \u0111\u1ed9ng.<\/p>\n

– Khi gi\u00e1 c\u1ea3 kh\u00f4ng h\u1ee3p l\u00ed v\u00ec c\u00f3 qu\u00e1 \u00edt ng\u01b0\u1eddi giao d\u1ecbch (thanh kho\u1ea3n th\u1ea5p).<\/p>\n

Lo\u1ea1i quy\u1ec1n ch\u1ecdn n\u00e0y th\u01b0\u1eddng h\u1ea5p d\u1eabn v\u00ec n\u00f3 \u0111\u00f2i h\u1ecfi chi ph\u00ed th\u1ea5p h\u01a1n so v\u1edbi quy\u1ec1n ch\u1ecdn ki\u1ec3u M\u1ef9.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1<\/font><\/h3>\n

M\u1ed9t nh\u00e0 giao d\u1ecbch mua m\u1ed9t quy\u1ec1n ch\u1ecdn mua th\u1eddi h\u1ea1n 90 ng\u00e0y c\u1ee7a c\u1ed5 phi\u1ebfu XYZ v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n l\u00e0 22$. Gi\u00e1 trung b\u00ecnh \u0111\u01b0\u1ee3c t\u00ednh l\u00e0 trung b\u00ecnh c\u1ee7a gi\u00e1 c\u1ed5 phi\u1ebfu sau m\u1ed7i 30 ng\u00e0y. Gi\u00e1 c\u1ed5 phi\u1ebfu sau 30, 60, 90 ng\u00e0y l\u1ea7n l\u01b0\u1ee3t l\u00e0 21$, 22$ v\u00e0 24$.<\/p>\n

V\u1eady gi\u00e1 trung b\u00ecnh \u0111\u01b0\u1ee3c t\u00ednh c\u1ee7a quy\u1ec1n ch\u1ecdn l\u00e0: (21+22+24)\/3 = 22,33<\/p>\n

Ph\u1ea7n l\u1ee3i nhu\u1eadn \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111\u01b0\u1ee3c t\u00ednh b\u1eb1ng c\u00e1ch l\u1ea5y gi\u00e1 trung b\u00ecnh tr\u1eeb cho gi\u00e1 th\u1ef1c hi\u1ec7n: 22,33 – 22 = 0,33$.<\/p>\n

V\u00e0 c\u0169ng nh\u01b0 nh\u1eefng quy\u1ec1n ch\u1ecdn kh\u00e1c, n\u1ebfu gi\u00e1 trung b\u00ecnh th\u1ea5p h\u01a1n gi\u00e1 th\u1ef1c hi\u1ec7n th\u00ec ph\u1ea7n l\u1ed7 ch\u00ednh l\u00e0 ph\u1ea7n ph\u00ed quy\u1ec1n ch\u1ecdn.\u00a0<\/p>\n

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

\n Quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c1 (ti\u1ebfng Anh: Asian option) l\u00e0 m\u1ed9t lo\u1ea1i quy\u1ec1n ch\u1ecdn m\u00e0 gi\u00e1 \u0111\u01b0\u1ee3c t\u00ednh l\u00e0 gi\u00e1 trung b\u00ecnh c\u1ee7a t\u00e0i s\u1ea3n trong m\u1ed9t kho\u1ea3n th\u1eddi gian thay v\u00ec gi\u00e1 v\u00e0o th\u1eddi \u0111i\u1ec3m \u0111\u00e1o h\u1ea1n.\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\/30960"}],"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=30960"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30960\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}