期權大單 | TQQQ交易量大增,短期波動或增加
一、期權異動

11月3日,美股亞馬遜、Meta、谷歌等標的出現了期權成交量上的較大變化,分別爲日常成交量的2.3、1.8、2.4倍。
納指三倍做多ETF的期權交易攀上第十位,近期罕見。週四,TQQQ跌了5.77%,本週跌近21%,頹勢明顯。查看詳細情況,發現TQQQ交易的多是週五到期的“臨期”期權,或者說是,“末日期權”.
要知道,臨期期權交易此前是散戶的最愛,$高盛(GS)$彙編的數據顯示,第三季度,標普500指數的這種短期期權交易佔總交易量的40%以上,幾乎是半年前的兩倍。散戶們利用這一策略尋求快速獲利,曾拉爆對衝基金空頭倉位,一度逼得華爾街著名的對衝基金Melvin接近破產!
衍生品可能放大標的資產的波動,造成市場混亂。與此同時,波動性加劇又會反過來助長風險情緒的上行,形成“惡性循環”。在美聯儲“鷹姿勃發”的時期,短期合約的使用增多表明大家都在快進快出,做“賭博”式的操作,這種短期交易的收益或損失都是巨大的,會加劇了單邊的波動性。
二、總成交量前10
11月3日週四,在完全消化美聯儲的鷹派立場前,美股繼續走軟。截至收盤,納斯達克指數跌幅爲1.73%,道瓊斯指數跌幅爲0.46%,標普500指數跌幅爲1.06%。

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