out of the money

简明释义

较现值不利

英英释义

例句

1.The call option expired out of the money, meaning it was not profitable to exercise it.

这个看涨期权到期时处于无利可图，这意味着行使它没有盈利。

2.Investors were disappointed as many of their options were out of the money at the end of the trading day.

投资者感到失望，因为他们的许多期权在交易日结束时都是无利可图。

3.She sold her options before they went out of the money to minimize losses.

她在期权变得无利可图之前出售了它们，以减少损失。

4.The market volatility caused many traders' positions to be out of the money unexpectedly.

市场波动使许多交易者的头寸意外地处于无利可图状态。

5.If the stock price doesn't rise, your put options will remain out of the money.

如果股价不上涨，你的卖出期权将保持在无利可图状态。

作文

In the world of finance and investing, understanding various terms is crucial for making informed decisions. One such term that often comes up in discussions about options trading is out of the money. This phrase refers to a situation where an option has no intrinsic value. For instance, a call option is considered out of the money when the underlying asset's current market price is lower than the strike price. Conversely, a put option is out of the money when the market price is higher than the strike price. Understanding this concept is essential for investors who wish to navigate the complexities of options trading effectively.To illustrate this further, let’s consider an example. Suppose an investor purchases a call option for stock XYZ with a strike price of $50. If the current market price of XYZ is $45, the call option is out of the money because exercising it would not be beneficial; the investor would pay $50 for a stock worth only $45. In this case, the option has no intrinsic value, as it would result in a loss if exercised.On the other hand, if the market price of XYZ rises to $55, the call option is now considered 'in the money' since exercising it would allow the investor to buy the stock at a lower price than its current market value. This highlights the importance of market movements and timing in options trading.The implications of being out of the money can be significant. When options are out of the money, they generally have lower premiums compared to options that are 'in the money'. This means that investors may find it attractive to buy these options at a lower cost, hoping that the market price will eventually move in their favor before the option expires. However, the risk is that if the price does not move sufficiently, the option may expire worthless, resulting in a total loss of the investment.Moreover, traders often use strategies involving out of the money options to leverage their positions or hedge against potential losses. For example, some investors might sell out of the money options to collect premiums, betting that the options will not be exercised. This approach can generate income but also carries risks if the market moves unexpectedly.In conclusion, the term out of the money is fundamental in the realm of options trading. It describes a situation where options lack intrinsic value due to unfavorable market conditions. Understanding this term can help investors make better decisions, assess risks, and develop effective trading strategies. As with all investments, thorough research and a clear understanding of the terms involved are key to success in the financial markets. By grasping concepts like out of the money, investors can enhance their ability to navigate the complexities of options trading and potentially improve their financial outcomes.

在金融和投资的世界中，理解各种术语对于做出明智的决策至关重要。一个经常在期权交易讨论中出现的术语是out of the money。这个短语指的是期权没有内在价值的情况。例如，当基础资产的当前市场价格低于行使价格时，认购期权被视为out of the money。相反，当市场价格高于行使价格时，认沽期权则被视为out of the money。理解这个概念对于希望有效驾驭期权交易复杂性的投资者来说至关重要。为了进一步说明这一点，让我们考虑一个例子。假设一位投资者以50美元的行使价格购买了XYZ股票的认购期权。如果XYZ的当前市场价格为45美元，则认购期权被视为out of the money，因为行使它将没有好处；投资者将以50美元购买一只价值仅为45美元的股票。在这种情况下，该期权没有内在价值，因为行使它将导致损失。另一方面，如果XYZ的市场价格上涨到55美元，则认购期权现在被视为“in the money”，因为行使它将允许投资者以低于当前市场价值的价格购买该股票。这突显了市场波动和时机在期权交易中的重要性。处于out of the money的影响可能是显著的。当期权处于out of the money状态时，与处于“in the money”的期权相比，它们通常具有较低的溢价。这意味着投资者可能会发现以较低成本购买这些期权具有吸引力，希望市场价格最终在期权到期之前向有利方向移动。然而，风险在于，如果价格没有足够地移动，期权可能会变得毫无价值，导致投资的全部损失。此外，交易者经常使用涉及out of the money期权的策略来杠杆他们的头寸或对潜在损失进行对冲。例如，一些投资者可能会出售out of the money期权以收取溢价，押注这些期权不会被行使。这种方法可以产生收入，但如果市场意外波动，也会带来风险。总之，术语out of the money在期权交易领域是基础的。它描述了由于不利的市场条件而缺乏内在价值的期权情况。理解这个术语可以帮助投资者做出更好的决策、评估风险并制定有效的交易策略。与所有投资一样，彻底的研究和清晰的术语理解是成功进入金融市场的关键。通过掌握像out of the money这样的概念，投资者可以增强他们驾驭期权交易复杂性的能力，并可能改善他们的财务结果。