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\u622a\u81f3\u5199\u7a3f\u65f6\uff0c6 \u6708\u5e95\u5230\u671f\u3001\u5c65\u7ea6\u4ef7 30 \u4e07\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u4e70\u6743\u5df2\u6709\u8d85\u8fc7 5,000 \u53e3\u672a\u5e73\u4ed3\u5408\u7ea6\uff0c\u540d\u76ee\u672a\u5e73\u4ed3\u90e8\u4f4d\u9ad8\u8fbe 4.84 \u4ebf\u7f8e\u5143\uff0c\u4ec5\u6b21\u4e8e\u5c65\u7ea6\u4ef7 11 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\uff0c\u6210\u4e3a 6 \u6708\u9009\u62e9\u6743\u5e02\u573a\u4e2d\u7b2c\u4e8c\u70ed\u95e8\u7684\u62bc\u6ce8\u3002
\n
<\/p>\n

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\n\u6bd4\u7279\u5e01 30 \u4e07\u7f8e\u5143\u4e70\u6743\u7206\u7ea2\u3001\u51b2\u4e0a\u7b2c\u4e8c\u70ed\u95e8<\/p>\n

\u773c\u4e0b\uff0c\u5e02\u573a\u6700\u77a9\u76ee\u7684\u300c\u4e50\u900f\u738b\u300d\uff0c\u6b63\u662f\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u4ea4\u6613\u6240 Deribit \u4e0a\uff0c\u884c\u4f7f\u4ef7\u9ad8\u8fbe 30 \u4e07\u7f8e\u5143\u3001 6 \u6708 26 \u65e5\u5230\u671f\u7684\u4e70\u6743\uff08Call Option\uff0c\u770b\u6da8\u9009\u62e9\u6743\uff09\u3002\u6362\u8a00\u4e4b\uff0c\u4e70\u4e0b\u8fd9\u5f20\u5408\u7ea6\uff0c\u5c31\u662f\u5728\u8d4c\u6bd4\u7279\u5e01\u73b0\u8d27\u4ef7\u5c06\u5728 6 \u6708\u5e95\u524d\u72c2\u98d9 3 \u500d\u3001\u7a81\u7834 30 \u4e07\u7f8e\u5143\u5927\u5173\u3002<\/p>\n

\u622a\u81f3\u5199\u7a3f\u65f6\uff0c6 \u6708\u5e95\u5230\u671f\u3001\u5c65\u7ea6\u4ef7 30 \u4e07\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u4e70\u6743\u5df2\u6709\u8d85\u8fc7 5,000 \u53e3\u672a\u5e73\u4ed3\u5408\u7ea6\uff0c\u540d\u76ee\u672a\u5e73\u4ed3\u90e8\u4f4d\u9ad8\u8fbe 4.84 \u4ebf\u7f8e\u5143\uff0c\u4ec5\u6b21\u4e8e\u5c65\u7ea6\u4ef7 11 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\uff0c\u6210\u4e3a 6 \u6708\u9009\u62e9\u6743\u5e02\u573a\u4e2d\u7b2c\u4e8c\u70ed\u95e8\u7684\u62bc\u6ce8\u3002<\/p>\n

Deribit \u638c\u63e1\u5168\u7403\u903e 70% \u7684\u52a0\u5bc6\u8d27\u5e01\u9009\u62e9\u6743\u4ea4\u6613\u91cf\uff0c\u5728\u8be5\u5e73\u53f0\uff0c\u4e00\u53e3\u9009\u62e9\u6743\u5408\u7ea6\u5bf9\u5e94 1 \u679a\u6bd4\u7279\u5e01\u3002\u6bcf\u9022\u5b63\u5ea6\u5230\u671f\u65e5\uff08\u5982 6 \u6708 26 \u65e5\uff09\uff0c\u7d20\u6765\u662f\u5e02\u573a\u4ea4\u6295\u6700\u70ed\u7edc\u3001\u6ce2\u52a8\u6700\u5927\u4e4b\u65f6\uff0c\u4ea4\u6613\u5458\u5fd9\u8457\u8c03\u6574\u90e8\u4f4d\u3001\u83b7\u5229\u4e86\u7ed3\uff0c\u6216\u653e\u80c6\u62bc\u6ce8\u540e\u5e02\u8d70\u5411\u3002<\/p>\n

\u6295\u8d44\u4eba\u4e3a\u4f55\u72c2\u62bc\u300c\u4ef7\u5916\u4e70\u6743\u300d\uff1f<\/p>\n

\u52a0\u5bc6\u8d27\u5e01\u9020\u5e02\u5546 GSR \u884d\u751f\u54c1\u4ea4\u6613\u5458 Spencer Hallarn \u8ba4\u4e3a\uff0c30 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\u4e4b\u6240\u4ee5\u4eba\u6c14\u7206\u68da\uff0c\u80cc\u540e\u5176\u5b9e\u6620\u7167\u51fa\u4e00\u7fa4\u300c\u4e50\u4e8e\u4e70\u4e50\u900f\u300d\u7684\u6295\u673a\u8005\u5fc3\u6001\u3002\u4ed6\u76f4\u8a00\uff1a<\/p>\n

\u4e5f\u8bb8\uff0c\u4eba\u4eec\u5929\u751f\u5c31\u7231\u4e70\u4e50\u900f\u5427\uff01\u4ece\u4e70\u6743\u504f\u659c\uff08Call Skew\uff09\u7684\u60c5\u51b5\u6765\u770b\uff0c\u603b\u6709\u6295\u8d44\u4eba\u60f3\u7528\u8fd9\u7c7b\u90e8\u4f4d\u5bf9\u51b2\u6076\u6027\u901a\u81a8\u6216\u9ed1\u5929\u9e45\u4e8b\u4ef6\u3002<\/p>\n

\u8fd9\u7c7b\u6df1\u5ea6\u300c\u4ef7\u5916\u4e70\u6743\u300d\uff08out-of-the-money\uff0cOTM\uff09\uff0c\u7531\u4e8e\u5fc5\u987b\u6807\u7684\u8d44\u4ea7\u51fa\u73b0\u60ca\u4eba\u6da8\u52bf\u624d\u53ef\u80fd\u83b7\u5229\uff0c\u56e0\u6b64\u6743\u5229\u91d1\u76f8\u5bf9\u4f4e\u5ec9\u3002\u4e0d\u8fc7\u4e00\u65e6\u884c\u60c5\u66b4\u51b2\uff0c\u62a5\u916c\u500d\u6570\u60ca\u4eba\uff0c\u56e0\u6b64\u5e38\u88ab\u89c6\u4e3a\u300c\u4e50\u900f\u5f0f\u300d\u8d4c\u6ce8\u3002<\/p>\n

\u56de\u987e\u8fc7\u5f80\u725b\u5e02\u5468\u671f\uff0cDeribit \u4e0a\u4e5f\u66fe\u51fa\u73b0\u8fc7\u7c7b\u4f3c\u7684\u6df1\u5ea6\u4ef7\u5916\u4e70\u6743\u96c6\u4e2d\u6d8c\u73b0\uff0c\u4f46\u50cf\u8fd9\u6b21\u76f4\u63a5\u8dc3\u5347\u4e3a\u5b63\u5ea6\u7b2c\u4e8c\u70ed\u95e8\u5408\u7ea6\uff0c\u4ecd\u5c5e\u7f55\u89c1\u3002<\/p>\n

\"\"Deribit \u7684\u6bd4\u7279\u5e01\u9009\u62e9\u6743\uff1a\u4e0d\u540c\u5230\u671f\u65e5\u7684\u672a\u5e73\u4ed3\u5408\u7ea6\u5206\u5e03\uff08\u5de6\uff09\uff1b\u4ee5\u53ca 6 \u6708\u5230\u671f\u7684\u6267\u884c\u4ef7\u683c\uff08\u53f3\uff09\u3002\uff08\u8d44\u6599\u6765\u6e90\uff1aDeribit \u3001 Amberdata\uff09<\/p>\n

\u56fe\u8868\u663e\u793a\uff0c6 \u6708 26 \u65e5\u5230\u671f\u7684\u5408\u7ea6\uff0c\u662f\u4eca\u5e74\u6240\u6709\u7ed3\u7b97\u6708\u4efd\u4e2d\u89c4\u6a21\u6700\u5927\u7684\uff1b\u800c 30 \u4e07\u7f8e\u5143\u5c65\u7ea6\u4ef7\u7684\u4e70\u6743\uff0c\u5728 6 \u6708\u9009\u62e9\u6743\u4e2d\u672a\u5e73\u4ed3\u90e8\u4f4d\u4ec5\u6b21\u4e8e 11 \u4e07\u7f8e\u5143\u4e70\u6743\u3002<\/p>\n

GSR \u53e6\u4e00\u4f4d\u4ea4\u6613\u5458 Simranjeet Singh \u5206\u6790\uff0c\u8fd9\u6ce2\u5e9e\u5927\u62bc\u6ce8\uff0c\u80cc\u540e\u6216\u8bb8\u662f\u6295\u8d44\u4eba\u770b\u597d\u7f8e\u56fd\u76d1\u7ba1\u653f\u7b56\u8f6c\u8d8b\u53cb\u5584\uff0c\u4ee5\u53ca\u7531\u5ddd\u666e\u300c\u6bd4\u7279\u5e01\u6218\u7565\u50a8\u5907\u300d\u6784\u60f3\u6240\u63a8\u52a8\u7684\u4f4e\u6210\u672c\u6295\u673a\u884c\u4e3a\u3002<\/p>\n

\u4e0a\u5468\uff0c\u7f8e\u56fd\u53c2\u8bae\u5458 Cynthia Lummis \u4e5f\u5728\u6f14\u8bf4\u4e2d\u6295\u4e0b\u4e00\u53e5\u9707\u64bc\u5f39\uff0c\u76f4\u8a00\u5bf9\u5ddd\u666e\uff08Donald Trump\uff09\u603b\u7edf\u652f\u6301\u5979\u63d0\u51fa\u7684\u300a\u6bd4\u7279\u5e01\u6cd5\u6848\u300b\uff08BITCOIN Act\uff09\u611f\u5230\u6b23\u6170\u3002\u5979\u540e\u6765\u53d1\u6587\u63d0\u5230\uff1a<\/p>\n

\u8fd9\u90e8\u6bd4\u7279\u5e01\u6cd5\u6848\uff0c\u662f\u89e3\u51b3\u6211\u4eec\u56fd\u5bb6 36 \u5146\u7f8e\u5143\u503a\u52a1\u5371\u673a\u7684\u552f\u4e00\u51fa\u8def\u3002\u6211\u611f\u8c22\u8fd9\u4f4d\u5177\u6709\u8fdc\u89c1\u7684\u603b\u7edf\uff0c\u6562\u4e8e\u8ba4\u6e05\u73b0\u5b9e\u3001\u679c\u65ad\u884c\u52a8\u3002<\/p>\n

30 \u4e07\u7f8e\u5143\u4e70\u6743\u8c01\u5728\u5356\uff1f<\/p>\n

\u636e Amberdata \u884d\u751f\u54c1\u4e3b\u7ba1 Magadini \u6307\u51fa\uff0c\u4eca\u5e74 4 \u6708\u671f\u95f4\uff0c6 \u6708\u5230\u671f\u3001\u5c65\u7ea6\u4ef7 30 \u4e07\u7f8e\u5143\u7684\u4e70\u6743\u66fe\u51fa\u73b0\u5927\u91cf\u5356\u5355\uff0c\u5c5e\u4e8e\u5e02\u573a\u4e0a\u5e38\u89c1\u7684\u300c\u5907\u5151\u4e70\u6743\uff08Covered Call\uff09\u300d\u7b56\u7565\uff0c\u4e5f\u5c31\u662f\u5728\u300c\u6301\u6709\u73b0\u8d27\u300d\u7684\u540c\u65f6\u300c\u5356\u51fa\u4e70\u6743\u300d\uff0c\u501f\u6b64\u6536\u53d6\u6743\u5229\u91d1\uff0c\u589e\u52a0\u6536\u76ca\u3002<\/p>\n

Magadini \u8868\u793a\uff1a<\/p>\n

4 \u6708 23 \u65e5\u5f53\u5929\u7684\u5927\u91cf\u5356\u5355\uff0c\u6211\u63a8\u6d4b\u662f\u73b0\u8d27\u591a\u5934\u4e3a\u4e86\u521b\u9020\u989d\u5916\u6536\u76ca\u800c\u51fa\u624b\uff0c\u5f53\u65f6\u8fd9\u4e9b\u4e70\u6743\u6bcf\u5f20\u5356\u4ef7\u7ea6 60 \u7f8e\u5143\uff0c\u9690\u542b\u6ce2\u52a8\u7387\u8fbe 100% \u3002<\/p>\n

\u8fd9\u7c7b\u300c\u5356\u51fa\u9ad8\u4ef7\u4f4d\u4e70\u6743\u3001\u6536\u53d6\u6743\u5229\u91d1\u300d\u7684\u5907\u5151\u64cd\u4f5c\uff0c\u65e0\u8bba\u5728\u4f20\u7edf\u91d1\u878d\u6216\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\uff0c\u90fd\u5c5e\u4e8e\u4e3b\u6d41\u6536\u76ca\u7b56\u7565\uff0c\u9887\u53d7\u7a33\u5065\u578b\u6295\u8d44\u4eba\u9752\u7750\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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