at the money

简明释义

等现值

英英释义

例句

1.When options are at the money, they typically have the highest time value.

当期权处于平值时，它们通常具有最高的时间价值。

2.If the stock price moves above the strike price, the option will no longer be at the money.

如果股票价格超过行使价格，该期权将不再处于平值。

3.Investors often look for options that are at the money when they expect significant price movement.

投资者通常寻找处于平值的期权，当他们预计价格会有显著波动时。

4.The call option is currently at the money, meaning its strike price is equal to the current market price of the underlying asset.

该认购期权目前处于平值，这意味着其行使价格等于基础资产的当前市场价格。

5.Traders might sell at the money options to collect premium income.

交易者可能会出售平值期权以收取权利金收入。

作文

In the world of finance and trading, understanding various terms and concepts is crucial for making informed decisions. One such term that is commonly used in the context of options trading is at the money. This phrase refers to a situation where the current price of the underlying asset is equal to the strike price of an option. For instance, if a stock is currently trading at $50, and there is a call option with a strike price of $50, that option is considered to be at the money. The significance of being at the money lies in its implications for traders and investors. When an option is at the money, it means that the option has intrinsic value of zero, but it can still have extrinsic value due to factors like time until expiration and volatility. This creates an interesting scenario for traders who may decide to buy or sell options based on their expectations of future price movements.For example, if a trader anticipates that the price of the underlying asset will rise significantly before the option expires, they might choose to purchase a call option that is at the money. Conversely, if they believe the price will decline, they might sell a put option that is also at the money. The potential for profit or loss is heightened when dealing with options that are at the money, as small price fluctuations in the underlying asset can lead to significant changes in the option's value.Moreover, options that are at the money often experience higher levels of activity in the market. Traders are usually more interested in these options because they represent a balance point where the underlying asset's price could swing either way. This increased interest can lead to greater liquidity, making it easier for traders to enter and exit positions.It is also important to note that options can move from being at the money to either in the money or out of the money as the price of the underlying asset fluctuates. An option is considered in the money when it has intrinsic value, meaning it would be profitable to exercise it. On the other hand, an option is out of the money when it has no intrinsic value and would not be beneficial to exercise. Understanding these distinctions helps traders assess their strategies and make better decisions.In conclusion, the term at the money is a fundamental concept in options trading that signifies the current price alignment between an option and its underlying asset. It serves as a critical reference point for traders and investors, influencing their strategies and expectations. By grasping the nuances of being at the money, individuals can enhance their trading acumen and navigate the complexities of the financial markets more effectively.

在金融和交易的世界中，理解各种术语和概念对于做出明智的决策至关重要。一个常用于期权交易中的术语是平值。这个短语指的是当前基础资产的价格等于期权的行使价格的情况。例如，如果一只股票目前交易价格为50美元，而有一个行使价格为50美元的看涨期权，那么该期权被认为是平值。处于平值状态的意义在于它对交易者和投资者的影响。当一个期权处于平值时，这意味着该期权的内在价值为零，但由于到期时间和波动性等因素，它仍然可能具有外在价值。这为交易者创造了一个有趣的场景，他们可能会根据对未来价格走势的预期来选择买入或卖出期权。例如，如果交易者预期基础资产的价格在期权到期之前会大幅上涨，他们可能会选择购买一个处于平值的看涨期权。相反，如果他们认为价格会下跌，他们可能会卖出一个同样处于平值的看跌期权。处理处于平值的期权时，潜在的利润或损失会加剧，因为基础资产的小幅价格波动可能导致期权价值的重大变化。此外，处于平值的期权通常在市场上经历更高水平的活动。交易者通常对这些期权更感兴趣，因为它们代表了一个平衡点，基础资产的价格可能朝任一方向波动。这种兴趣的增加可以导致更大的流动性，使交易者更容易进出头寸。还需要注意的是，期权可以从平值变为实值或虚值，这取决于基础资产价格的波动。当一个期权拥有内在价值时，它被认为是实值，这意味着行使它将是有利可图的。另一方面，当一个期权没有内在价值并且行使它不会带来好处时，它被认为是虚值。理解这些区别有助于交易者评估他们的策略并做出更好的决策。总之，术语平值是期权交易中的一个基本概念，表示期权与其基础资产之间的当前价格对齐。它作为交易者和投资者的重要参考点，影响他们的策略和预期。通过掌握平值的细微差别，个人可以增强他们的交易能力，更有效地应对金融市场的复杂性。