期權大單 | 機構狂買科技股，投資者提前“末日對衝”
市場概覽 （5月16日）
美股週二收跌，市場關注美國債務上限談判的進展。道瓊斯指數跌1.01%，標普500指數跌0.64%，納斯達克指數跌0.18%。
當日美股期權市場總成交量33,007,890張合約。其中，看漲期權佔比52%，看跌期權佔比48%。
期權成交總量TOP10
排名前十的依然是指數ETF+熱門科技股。特斯拉排在第三的位置。消息面上，當地時間5月16日週二，特斯拉在美國得州奧斯汀的工廠召開今年的年度股東大會。特斯拉CEO馬斯克在大會上說，他預計，未來12個月內，將持續存在具有挑戰性的經濟環境，許多公司會破產。但他相信，在那之後，經濟將會復甦，特斯拉將處於有利地位。
本次股東大會上，馬斯克對特斯拉旗下車型做出預測。他說，特斯拉的Model Y將成爲“今年地球上銷量第一的汽車”。馬斯克還提到電動皮卡Cybertruck，承諾將在今年晚些時候交付量產Cybertruck。
本次股東大會並未對特斯拉股價產生明顯影響，當日微漲0.1%。周內期權交易多空交織，價格區間不大，缺乏方向性指引。
除了特斯拉之外，熱門科技股的期權交易連續出現在榜單前列。宏觀方面，隨着美國經濟風險加大，市場對美聯儲結束緊縮的期待越來越強烈。爲了搶跑“QE/降息”，美國機構投資者選擇了“高久期”資產：科技股。其中，機構投資者對於科技股的配置環比飆升14%達到淨16%的超配。科技股配置比重自3月以來飆升了22%，這是09年3月以來最大幅度的增持。
繫好安全帶！市場正在進行“末日對衝”
在華盛頓，兩黨在債務上限的扯皮正有可能將美國推向違約。早在2011年，類似的僵局導致美國政府的信用評級遭到前所未有的下調，標普500指數在10天內下跌16%，而VIX指數則大幅攀升。
對波動性對衝的需求預示着6月份的市場動盪。在通脹維持高位、經濟衰退警燈閃亮、國際形勢複雜緊張的情況下，股市能抗住壓力嗎？購買保護措施似乎是一種必然選擇。
雖然美國的債務上限問題仍可能在最後時刻“懸崖勒馬”，但是對波動率指數期權的需求顯然在增加，防範極端事件的需求依然存在。
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