out of the money

简明释义

沽亏价

英英释义

例句

1.A put option is considered out of the money when the underlying asset's price is above the strike price.

当基础资产的价格高于行权价时，认沽期权被视为无利可图。

2.Investors often sell options that are out of the money to generate income.

投资者通常会出售无利可图的期权以产生收入。

3.If the stock price does not rise, the option will remain out of the money.

如果股价不上涨，期权将保持无利可图。

4.The call option expired out of the money, meaning it was not exercised.

这个看涨期权到期时是无利可图，意味着没有被行使。

5.Many traders avoid out of the money options due to their high risk.

许多交易者避免选择无利可图的期权，因为风险较高。

作文

In the world of finance, particularly in options trading, the term out of the money is crucial for understanding the value of an option. An option is considered out of the money when it does not have intrinsic value, meaning that exercising the option would not lead to a profit. For instance, a call option is out of the money if the current market price of the underlying asset is lower than the strike price of the option. Conversely, a put option is out of the money if the market price is higher than the strike price. This concept is essential for traders as it helps them assess the potential profitability of their trades.Understanding the implications of being out of the money can significantly influence an investor's strategy. When an option is out of the money, it typically has a lower premium compared to options that are in the money or at the money. Traders might choose to purchase out of the money options because they are cheaper and can provide substantial leverage if the market moves favorably. However, this also comes with increased risk, as the likelihood of these options expiring worthless is higher.For example, suppose an investor buys a call option with a strike price of $50, while the current stock price is $40. In this case, the call option is out of the money. If the stock price rises above $50 before expiration, the option would then become in the money. The potential for significant gains from out of the money options can be enticing, but traders must carefully consider the risks involved.Moreover, the time until expiration plays a vital role in the dynamics of out of the money options. Options lose value over time due to time decay, which means that the closer an option gets to its expiration date, the less time there is for it to become profitable. Therefore, an option that is currently out of the money may remain so if the underlying asset does not move favorably within the given timeframe.In addition to the financial implications, being out of the money can also affect the psychological aspect of trading. Investors may feel anxious or frustrated when holding out of the money options, especially if they initially had high hopes for the trade. This emotional response can lead to impulsive decisions, such as selling the option prematurely at a loss or holding onto it in the hope of a miraculous turnaround.To mitigate the risks associated with out of the money options, traders often employ various strategies, such as spreads or hedging techniques. These strategies can help limit potential losses while still allowing for the possibility of gains. Understanding how to navigate the complexities of out of the money options is essential for anyone looking to succeed in the fast-paced world of options trading.In conclusion, the term out of the money is more than just a financial jargon; it represents a critical aspect of options trading that every trader should understand. By grasping the nuances of out of the money options, investors can make more informed decisions and develop effective trading strategies that align with their financial goals. Whether one is a seasoned trader or a newcomer to the market, recognizing the significance of being out of the money can enhance one's overall trading experience and success.

在金融世界，特别是在期权交易中，短语out of the money对于理解期权的价值至关重要。当一个期权被认为是out of the money时，这意味着行使该期权不会带来利润，即它没有内在价值。例如，当基础资产的当前市场价格低于期权的行使价格时，认购期权就是out of the money。相反，当市场价格高于行使价格时，认沽期权则是out of the money。这个概念对交易者非常重要，因为它帮助他们评估交易的潜在盈利能力。理解处于out of the money状态的影响可以显著影响投资者的策略。当一个期权处于out of the money状态时，与处于有利可图或平价的期权相比，它通常具有较低的权利金。交易者可能选择购买out of the money期权，因为它们更便宜，并且如果市场朝着有利的方向移动，可以提供可观的杠杆。然而，这也伴随着更高的风险，因为这些期权到期无价值的可能性更大。例如，假设一个投资者以$50的行使价格购买一个认购期权，而当前股票价格为$40。在这种情况下，认购期权就是out of the money。如果股票价格在到期前上涨超过$50，则该期权将变得有利可图。这种从out of the money期权中获得重大收益的潜力可能会吸引人，但交易者必须仔细考虑涉及的风险。此外，距离到期日的时间在out of the money期权的动态中也起着至关重要的作用。由于时间衰减，期权会随着时间的推移而失去价值，这意味着期权越接近到期日，获得盈利的时间就越少。因此，一个目前处于out of the money状态的期权，如果基础资产在规定的时间内没有朝着有利的方向移动，可能仍然会保持这种状态。除了财务影响之外，处于out of the money状态还可能影响交易的心理方面。当持有out of the money期权时，投资者可能会感到焦虑或沮丧，尤其是当他们最初对交易抱有很高的期望时。这种情绪反应可能导致冲动决策，例如过早以损失卖出期权，或者抱着奇迹般的转机希望而坚持持有。为了减少与out of the money期权相关的风险，交易者通常采用各种策略，如价差或对冲技术。这些策略可以帮助限制潜在损失，同时仍允许获得收益的可能性。理解如何驾驭out of the money期权的复杂性对于任何希望在快速变化的期权交易世界中取得成功的人来说都是必不可少的。总之，术语out of the money不仅仅是金融术语；它代表了期权交易中每个交易者都应该理解的关键方面。通过掌握out of the money期权的细微差别，投资者可以做出更明智的决策，并制定有效的交易策略，以符合他们的财务目标。无论是经验丰富的交易者还是市场的新手，认识到处于out of the money状态的重要性都可以增强整体交易体验和成功率。