提示：本網頁內容僅供教學使用，不構成任何買賣建議。
|
期 權 教 室 茶 餐 廳 學 員 交 流 學員回復請附帶原件文字或編號，利于讀者理解。所有來往文字，請電郵至：hkmc@hkstar.com 20100723 星期五
20100723
杜 sir 回覆 這是一段頗為有趣的對話。Tony緊張之餘，Long Short 不分，見有轉機，立即止蝕。這是典型的初哥行為，但正面，因為Tony學到的是：即使是有保護做Spread，也不能太ATM。回顧堂前語錄：the more you fail the more you learnt. Tony 日期: 2010/07/22 星期四 上午 10:20:23 HKT 收件者: hkmc@biznetvigator.net 主旨: Re: 回覆： Re: 回覆： Question for 杜Sir Just got a chance to settle the entire spread at with small lost of ~$800, will not make the same mistake of buying so close to ATM options next time. Much appreciated for your help. Many thanks. From: hkmc@biznetvigator.net hkmc@biznetvigator.net Subject: 回覆： Re: 回覆： Question for 杜Sir To: "Tony Date: Thursday, July 22, 2010, 9:33 AM the date you made, the premium received and paid. > 寄件者:> 日期: 2010/07/22 星期四 上午 09:24:54 HKT > 收件者: "hkmc@biznetvigator.net" hkmc@biznetvigator.net > 主旨: Re: 回覆： Question for 杜Sir > Apologies, it should be SC206 and LC208, many tks > 從我的 iPhone 傳送 > 在 2010年7月22日 9:14 時，hkmc@biznetvigator.net 寫到： > > pls check your content. which is SC and which is LC ? >> > >> > >> 日期: 2010/07/21 星期三 下午 05:04:31 HKT > >> 收件者: hkmc@hkstar.com > >> 主旨: Question for 杜Sir > >> Dear 杜Sir, > >> Student have a question would like to have the advice from 杜Sir. > >> Last week, I made a Jul SC206?with a protection of Jul SC208 as a credit spread. > >> Given the HIS recently ~450pts rebounce from 200 level, the spread above is already recorded a loss. >> Thinking to find a chance to move the SC206 to SC210 and keep the SC208 for protection to cover the loss if the HSIF pass though 206 level tomorrow. > >> Wondering how will Toh Sir like this rescue? > >> Many thanks. > >> Tony |
|
期 權 教 室 茶 餐 廳 學 員 交 流 學員回復請附帶原件文字或編號，利于讀者理解。所有來往文字，請電郵至：hkmc@hkstar.com 20100719 星期一
20100719
杜 sir 回覆 上過ABCD堂的朋友都知道，本人強調操作期權時保持心情愉快的重要性。本人能保持心情愉快的原因, 除了操作期權獲利帶來樂趣，就是見到不少的學員能做到青出於藍。這是做導師的最大滿足感！我們不能簡單地說句老來安慰，因為兩年多來講的都是【期權循環圖】的“勝兵先勝而後求戰”和動態操作，這些都是新的概念，若有越來越多的青出於藍，說明了期權教室的期權教學方法和提倡的操作方法是被市場接受的並且證明是可行的。 Elton，你對Lee的分析頗有教育意義，相信放在茶餐廳會令眾人得益。 Make reservation是Gentlemen style, Cancellation 亦然。本人接受閣下的抱歉。 餐聚會要舉辦，但主題是 Share the Happiness! 要找適當的時間 time the market 賀一賀。 寄件者: Elton 日期: 2010/07/18 星期日 上午 12:26:43 HKT 收件者: hkmc@hkstar.com 主旨: 回應Lee的SC19800 杜Sir, 上次錢志健的講座因事未能到席, 更來不及通知以讓座給其他人, 我十萬分的抱歉!! 看到茶餐廳的朋友SC198後的反應, 令我回想起自已初學期權時的態度, 覺得十分有趣, 很想回應一下自已的想法和近來的操作. 這位Lee似乎不察覺自已正在用錯誤的的方法操作, 而只是事後把焦點集中在所謂的”合理期權金” 上面? 如果按7月初當時的圖表來看, 指數已從相對高位20970(21/6)下跌了接近1000點, 開始進入接近19500左右的支持區, 正好在兩個大倉位的中間(210call/190put),後市是升是跌也沒人知道. 如果他認為後市是那麼淡, 為何不是LP198/194呢? 或看後市低位橫行, 為何不SC204/208? 如此逆市貼價不如直接沽期指, 豈不輸得更痛快! 兩軍打仗, 刀光劍影, 作為一個小兵, 應該是找個有利的位置以待戰, 而不應站在三八線上亂衝亂撞……兩面受敵,不幸陣亡是意料之事, 若有幸得以荀存, 也應已嚇破膽了. 至於是否有戴鋼盔, 穿避彈衣或手上的武器火力是否足?? 這些已不太重要了, 因為你站在槍口下!! 指數期權應該是做為時間性和波幅性的投資工具, 這點有許多初學的朋友都不太了瞭解, 也沒有去認真地思考這問題(包括我自已初學時), 如果要作方向性則需要對走勢有比較強烈的觀點, 更重要的是要有保護或是逆轉策略作備案, 即看錯方向, 如何補救甚至反敗為勝. 而股票期權則是牛熊共舞, 異常精彩, 如果沒有這方面的經驗, 每月初金曹兄的T堂(技術分析), 月中芳芳姐的S堂(牛熊共舞, 實戰分析) ,月尾 杜Sir的M堂(盤路+基本分析+心理), 應是你要經常去的地方, 總好過市面上那些教你如何尋找聖杯的萬元課程, 要是真的有不敗秘笈為何要和你分享?? 成功的期權操作必須透獨立思考, 學習專業知識, 強化心理質素, 再加上不斷的實戰以累積經驗, (不是Paper Trade, 我個人是反對Paper Trade的,百分之二百的有害無益), 這是不二的法門並無捷徑。 7月初趁市場反彈平掉手上的好倉後, 就等待開淡倉的機會. 手上仍持有中人壽和建行的股票, 因長期做Covered Call持貨成本已極低, 中人壽更接近零成本.先於中人壽反彈至$35左右時 SC$34(July)SC$35(Aug)LP$32(Aug),LP$32的張數是SC的兩倍. 再於建行升近$6.50左右時 SC$6.25(July)SC$6.5(Aug)LP$6.0(Aug),LP$6.0的張數是SC的兩倍. 指數方面, 當14/7目擊20720-20820的轉倉位時, 先SC22000(Aug), 收市時確認高開低收, 15/7高開低收, 無法升穿14/7高位, 立刻再SC21600(Aug), 再投LP19800(July),LP19400(July), 期望有個急速回調, 現在只能等待收割的時機, 看來7月份應是豐收的月份. $300k倉保留約$100k現金以備不時之需 另外杜Sir會否考慮搞個舊生餐聚? 也可以當謝師宴吧? 我相信大部分舊生都會同意這建議!! 祝好! Elton Tel: |
|
期 權 教 室 茶 餐 廳 學 員 交 流 學員回復請附帶原件文字或編號，利于讀者理解。所有來往文字，請電郵至：hkmc@hkstar.com 20100709 星期五
20100709
杜 sir 回覆 Hi Lee, I hope it is not too late to make the reply. You Short Call 198 + 480, if you have no protection, the breakeven point is 20280. The last day calculation is 5m per unit, so future has more indication. My book can not cover all details of option trade, other writers neither! However, in my class C, there is a lot of knowledge and info in the part of Month-end long, which delivered answers regarding to your question. You did not mention the date of Short Call June 198, I think it might be on or about June 17-18 since you received premium 480p. If so, what you did that is Short Call ITM. I don't think I have such suggestion in my book and in daily commentary. Regarding your statement, pls send to me by email or fax, I will try to help you, pls give your mobile by return also. My dear friend, pls don't focuse on how to calculate the premium, what you should focuse on how to make your greedy less. B.regards Freeman To > 寄件者: lee > 日期: 2010/07/02 星期五 下午 09:33:38 HKT > 收件者: hkmc@hkstar.com > 主旨: Calculating the Premium for Index Option > Dear Toh Sir, > I always read and follow up on every article publishes on-line by cycle option to sharpen my option trading skils on index and stock. > I have read your book too to improve my trading skill. > I was wondering is there any index option formula that I can refer to calculate the premium ? My intention is to set the stop loss level at the premium I can tolerent. I know we always refer to point level but in term of index option what is the estimated premium at that stop loss level ? This is what I wanted to know. > Besides, in early June, I have SC MHI June 19800@480, I hold it until exire, I was wonder why the last settelemt is 620 but the HSI close near to 20300 which shown in my statement ? > I thought the final settlement of the premium should be at most 20300 - 19800 = 500 like HSI future, could you enlighten how the final index option being calculated ? It did not see it in any part of your book. Where to find the final settlement of the index option. > Please enlighten me and your advise is really mean to me. > Many thanks. > Regards, > lee |