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2023-02-08
$高通(QCOM)$
[财迷]
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2022-10-26
$美国银行(BAC)$
[流泪]
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2022-10-03
$蔚来(NIO)$
,,[呆住]
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2022-10-03
$Holley Inc.(HLLY)$
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2022-09-15
$蔚来(NIO)$
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2022-09-13
$美国银行(BAC)$
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2022-09-13
$Holley Inc.(HLLY)$
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2022-09-13
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2022-09-13
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2022-09-11
$蔚来(NIO)$
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2022-09-11
$Holley Inc.(HLLY)$
[流泪]
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2022-09-11
$美国银行(BAC)$
[流泪]
LI_CHUN
2022-08-20
OK
US stocks face another major test on Friday: over $2 trillion in options contracts are about to expire!
LI_CHUN
2022-08-19
$美国银行(BAC)$
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2022-08-17
$蔚来(NIO)$
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2022-08-16
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2022-08-14
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2022-08-12
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2022-08-11
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2022-08-10
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","text":"$美国银行(BAC)$[流泪]","images":[{"img":"https://community-static.tradeup.com/news/5d316822681bc023168f6f93250c03b0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936744799","isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9998386150,"gmtCreate":1660947484272,"gmtModify":1676536426268,"author":{"id":"3572958738473495","authorId":"3572958738473495","name":"LI_CHUN","avatar":"https://static.tigerbbs.com/60e79a6fd440b62595feb97d20d45237","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572958738473495","idStr":"3572958738473495"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998386150","repostId":"1175877604","repostType":4,"repost":{"id":"1175877604","kind":"news","pubTimestamp":1660877622,"share":"https://ttm.financial/m/news/1175877604?lang=en_US&edition=fundamental","pubTime":"2022-08-19 10:53","market":"us","language":"zh","title":"US stocks face another major test on Friday: over $2 trillion in options contracts are about to expire!","url":"https://stock-news.laohu8.com/highlight/detail?id=1175877604","media":"智通财经网","summary":"人们相信衍生品市场在抑制波动性方面发挥了某种关键作。","content":"<p><html><head></head><body>Author: Zhao Jinbin</p><p>Given that August remains the quietest month for U.S. stocks this year, traders are closely watching the $2 trillion in options expiring on Friday for signs that this calm will continue.</p><p>Currently, the focus of the market debate is the belief that the derivatives market plays a key role in curbing volatility, thereby forcing rule-based quantitative traders to buy stocks, thereby attracting a wider range of investors back to the market in pursuit of returns.</p><p>However, after this, some strategists warned that this positive activity in the options market (usually driven by Wall Street traders) could disappear at critical moments.</p><p>From the upcoming Jackson Hole global central bank meeting to the awaited inflation and employment data and the Federal Reserve's policy statement, the coming weeks are full of catalysts that could trigger market turmoil.</p><p>Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets, said: \"Due to some technical reasons, volatility may remain subdued as options contracts expire this Friday, and the market may continue to receive relative support. However, volatility may rebound as people refocus their attention on the market.\"</p><p>Approximately $2 trillion in options contracts are set to expire, forcing holders to either roll over existing positions or start new ones. According to estimates by Goldman Sachs strategist Rocky Fishman, approximately $975 billion of options contracts related to the S&P 500 and $430 billion of options contracts related to individual stocks will expire this Friday.</p><p><img src=\"https://static.tigerbbs.com/93113ec4911592a6649582c5bf511466\" tg-width=\"668\" tg-height=\"407\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Since mid-June, the stock market has recovered by approximately $7 trillion in market capitalization as investors who exited the market during the first half of the year due to concerns that the Federal Reserve's aggressive anti-inflationary measures could plunge the economy into recession have shifted from an initial short squeeze to massive buying. Subsequently, the stock market continued to rebound as data showed a strong job market and lower-than-expected inflation.</p><p>Along the way, traders flocked to the call options market to catch the unexpected rebound in the stock market. When balancing their accounts, options traders are trapped in \"long gamma\" (referring to going long on volatility) positions, which requires them to maintain neutral market exposure against the current stock trend. Therefore, under the influence of this process, the market returned to calm. According to the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), the index averaged 21 in August and is expected to reach its lowest level since November of last year.</p><p><img src=\"https://static.tigerbbs.com/43e527d06b419c21721b91a4f6f7d8dc\" tg-width=\"653\" tg-height=\"377\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>From a broader perspective, call contracts change hands faster than put contracts. The 10-day moving average of the CBOE stock put-to-call ratio is hovering near a four-month low, indicating that investors are increasingly interested in betting on an upward trend in the stock market.</p><p>Brent Kochuba, founder of analytics services firm SpotGamma, said traders will try to push the S&P 500 to 4,300 points in order to generate returns on their options contracts. Failure to reach this threshold means that the recent rebound momentum is weakening, which may attract more sellers. “Everyone is on the ‘bullish side’ now,” Kochuba said.</p><p>Charlie McElligott, cross-asset strategist at Nomura Securities, predicts that Friday's option expiration will open the door to greater price volatility after the buffering effect of dealer hedging weakens.</p><p>He stated that if inflation is higher than expected, the rhetoric of Federal Reserve policymakers will become more hawkish, which will trigger turmoil across the asset market. On the other hand, unless there are any negative macroeconomic shocks, fund managers face pressure to continue chasing gains because their stock positions are relatively low.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stocks face another major test on Friday: over $2 trillion in options contracts are about to expire!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stocks face another major test on Friday: over $2 trillion in options contracts are about to expire!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2022-08-19 10:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Zhao Jinbin</p><p>Given that August remains the quietest month for U.S. stocks this year, traders are closely watching the $2 trillion in options expiring on Friday for signs that this calm will continue.</p><p>Currently, the focus of the market debate is the belief that the derivatives market plays a key role in curbing volatility, thereby forcing rule-based quantitative traders to buy stocks, thereby attracting a wider range of investors back to the market in pursuit of returns.</p><p>However, after this, some strategists warned that this positive activity in the options market (usually driven by Wall Street traders) could disappear at critical moments.</p><p>From the upcoming Jackson Hole global central bank meeting to the awaited inflation and employment data and the Federal Reserve's policy statement, the coming weeks are full of catalysts that could trigger market turmoil.</p><p>Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets, said: \"Due to some technical reasons, volatility may remain subdued as options contracts expire this Friday, and the market may continue to receive relative support. However, volatility may rebound as people refocus their attention on the market.\"</p><p>Approximately $2 trillion in options contracts are set to expire, forcing holders to either roll over existing positions or start new ones. According to estimates by Goldman Sachs strategist Rocky Fishman, approximately $975 billion of options contracts related to the S&P 500 and $430 billion of options contracts related to individual stocks will expire this Friday.</p><p><img src=\"https://static.tigerbbs.com/93113ec4911592a6649582c5bf511466\" tg-width=\"668\" tg-height=\"407\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Since mid-June, the stock market has recovered by approximately $7 trillion in market capitalization as investors who exited the market during the first half of the year due to concerns that the Federal Reserve's aggressive anti-inflationary measures could plunge the economy into recession have shifted from an initial short squeeze to massive buying. Subsequently, the stock market continued to rebound as data showed a strong job market and lower-than-expected inflation.</p><p>Along the way, traders flocked to the call options market to catch the unexpected rebound in the stock market. When balancing their accounts, options traders are trapped in \"long gamma\" (referring to going long on volatility) positions, which requires them to maintain neutral market exposure against the current stock trend. Therefore, under the influence of this process, the market returned to calm. According to the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), the index averaged 21 in August and is expected to reach its lowest level since November of last year.</p><p><img src=\"https://static.tigerbbs.com/43e527d06b419c21721b91a4f6f7d8dc\" tg-width=\"653\" tg-height=\"377\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>From a broader perspective, call contracts change hands faster than put contracts. The 10-day moving average of the CBOE stock put-to-call ratio is hovering near a four-month low, indicating that investors are increasingly interested in betting on an upward trend in the stock market.</p><p>Brent Kochuba, founder of analytics services firm SpotGamma, said traders will try to push the S&P 500 to 4,300 points in order to generate returns on their options contracts. Failure to reach this threshold means that the recent rebound momentum is weakening, which may attract more sellers. “Everyone is on the ‘bullish side’ now,” Kochuba said.</p><p>Charlie McElligott, cross-asset strategist at Nomura Securities, predicts that Friday's option expiration will open the door to greater price volatility after the buffering effect of dealer hedging weakens.</p><p>He stated that if inflation is higher than expected, the rhetoric of Federal Reserve policymakers will become more hawkish, which will trigger turmoil across the asset market. On the other hand, unless there are any negative macroeconomic shocks, fund managers face pressure to continue chasing gains because their stock positions are relatively low.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.zhitongcaijing.com/content/detail/774154.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3e90f0093c95026e18203fb8d91b976d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/774154.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1175877604","content_text":"作者: 赵锦彬鉴于8月迄今仍为美国股市今年最为平静的一个月,交易员们正密切关注即将在周五到期的2万亿美元期权,以寻找这种平静是否会延续下去的迹象。目前,市场争论的焦点在于,人们相信衍生品市场在抑制波动性方面发挥了某种关键作用,从而迫使基于规则的量化交易员购买股票,进而吸引更广泛的投资者重返市场以追逐收益。但在这之后,一些策略师警告称,期权市场的这种良性活动(通常由华尔街交易商推动)可能会在关键时刻消失。从即将召开的杰克逊霍尔全球央行年会,到等待公布的通胀和就业数据,再到美联储的政策声明,未来几周都充满了可能引发市场混乱的催化剂。加拿大皇家银行资本市场股票衍生品策略师Amy Wu Silverman表示:“由于一些技术原因,在本周五期权合约到期之际,波动性可能会继续受到抑制,市场可能会继续获得相对支撑。但当人们重新聚精会神盯紧市场时,波动性可能会重新回升。”约2万亿美元的期权合约将到期,迫使持有人要么展期现有头寸,要么开始新的头寸。据高盛策略师Rocky Fishman估计,其中有约9750亿美元与标普500指数相关的期权合约和4300亿美元与个股相关的期权合约将于本周五到期。自6月中旬以来,由于在上半年股市大跌期间因担心美联储激进的抗通胀举措可能令经济陷入衰退而退出股市的投资者,从最初的逼空变成了大举买入,股市已经恢复了约7万亿美元的市值。此后,随着数据显示就业市场的强劲,且通胀低于预期,股市继续有所回升。一路上,交易员们蜂拥至看涨期权市场,以赶上股市出人意料的反弹。在平衡账目时,期权交易商被困在“long gamma”(指做多波动率)头寸中,这使得他们需要逆着当前的股票趋势保持中性的市场敞口。因此在这一进程的一定作用下,市场恢复了平静。据芝加哥期权交易所(CBOE)波动率指数VIX显示,该指数在8月份的平均水平为21,有望达到去年11月以来的最低水平。而从广泛的角度看,看涨合约的易手速度要快于看跌合约,CBOE股票看跌期权与看涨期权比率的10日平均水平徘徊在四个月低点附近,这表明投资者对股市上行的押注兴趣正在增加。分析服务公司SpotGamma创始人Brent Kochuba表示,交易员将试图把标普500指数推高至4300点,以使其期权合约获得回报。如果未能达到这一门槛,则意味着最近的反弹势头正在减弱,这可能会引来更多卖家。“现在每个人都站在‘多头一方’,”Kochuba表示。野村证券跨资产策略师Charlie McElligott预计,在交易商对冲的缓冲作用减弱后,周五的期权到期将为更大的价格波动打开大门。他表示,如果通胀高于预期,美联储政策制定者的措辞也会变得更加鹰派,这将引发整个资产市场的动荡。另一方面,除非出现任何负面的宏观冲击,否则基金经理面临着继续追逐上涨的压力,因为他们的股票头寸相对较低。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991792702,"gmtCreate":1660876575909,"gmtModify":1676536416969,"author":{"id":"3572958738473495","authorId":"3572958738473495","name":"LI_CHUN","avatar":"https://static.tigerbbs.com/60e79a6fd440b62595feb97d20d45237","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572958738473495","idStr":"3572958738473495"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BAC\">$美国银行(BAC)$</a>up","listText":"<a 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