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Q02 使用選擇權進行期貨部位的自動避險

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font_size=”25px” line_height=”” letter_spacing=”” text_transform=”” text_color=”var(–awb-custom_color_1)” hue=”” saturation=”” lightness=”” alpha=”” animated_text_color=”” text_shadow=”no” text_shadow_vertical=”” text_shadow_horizontal=”” text_shadow_blur=”0″ text_shadow_color=”” margin_top_medium=”” margin_right_medium=”” margin_bottom_medium=”” margin_left_medium=”” margin_top_small=”” margin_right_small=”” margin_bottom_small=”” margin_left_small=”” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” margin_top_mobile=”” margin_bottom_mobile=”” gradient_font=”no” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ highlight_color=”” style_type=”underline solid” sep_color=”var(–awb-custom_color_1)” link_color=”” link_hover_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Q02 使用選擇權進行期貨部位的自動避險[/fusion_title][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”教學文章” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” margin_top=”50px” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ 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當假期來臨時,不管是週休二日、連假或春節,對擁有期貨留倉部位的我們來說,最擔心的是什麼呢 ? 不外乎就是假期結束後的開盤大跳空 ! 不論是同向與反向的跳空,在開盤之前,我們總是無法盡情的放鬆來享受放假的時光,有什麼解決辦法呢 ? 選擇權 ! 沒錯,我們將在這一篇的教學裡,告訴大家如何利用【期貨轉選擇權】的功能來進行避險措施。

[/fusion_text][fusion_separator style_type=”shadow” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”#8bc34a” top_margin=”25px” bottom_margin=”40px” border_size=”1″ icon=”” icon_size=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”center” size=”3″ font_size=”” animated_font_size=”” fusion_font_family_title_font=”” fusion_font_variant_title_font=”” line_height=”” letter_spacing=”” margin_top_medium=”” margin_bottom_medium=”” margin_top_small=”” margin_bottom_small=”” margin_top=”” margin_bottom=”” margin_top_mobile=”” margin_bottom_mobile=”” text_color=”” animated_text_color=”” highlight_color=”” style_type=”default” sep_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]【期貨定時轉換選擇權】功能[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

第一種避險方式,是固定在假期之前將期貨部位轉換成選擇權,然後在假期結束的開盤後,再將選擇權還原回期貨。

一樣在【台指期貨轉選擇權下單】的設定頁籤,現在我們選擇的期權同步方式是【期貨定時轉換選擇權】。

下面的範例是在每個星期五的 13:40 進行轉換,然後在星期一開盤後的 8:50 把全部的選擇權一次還原回期貨,其中多單會轉換為買進價平買權、空單會轉換為買進價平賣權。

[/fusion_text][fusion_imageframe image_id=”4988|full” max_width=”” sticky_max_width=”” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.order-master.com/wp-content/uploads/2020/10/Q02-01_01.png[/fusion_imageframe][fusion_tagline_box content_alignment=”left” link=”” button=”” linktarget=”_self” modal=”” button_size=”” button_type=”” buttoncolor=”default” title=”” description=”6YCZ5YCL56+E5L6L5piv55So5YO55bmz55qE6YG45pOH5qyK5L6G44CQ5Y+W5Luj44CR5pyf6LKo6YOo5L2N77ya” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” backgroundcolor=”#f2f2f2″ shadow=”yes” shadowopacity=”0.70″ border=”1″ bordercolor=”rgba(96,125,139,0)” highlightposition=”left” margin_top=”50px” margin_bottom=”50px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

如果我們持有多單,萬一開盤跳空大漲,買權賺的會比期貨多;萬一開盤跳空大跌,則買權賠的會比期貨少。
如果我們持有空單,萬一開盤跳空大跌,賣權賺的會比期貨多;萬一開盤跳空大漲,則賣權賠的會比期貨少。

[/fusion_tagline_box][fusion_separator style_type=”shadow” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”#8bc34a” top_margin=”40px” bottom_margin=”40px” border_size=”1″ icon=”” icon_size=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”center” size=”3″ font_size=”” animated_font_size=”” fusion_font_family_title_font=”” fusion_font_variant_title_font=”” line_height=”” letter_spacing=”” margin_top_medium=”” margin_bottom_medium=”” margin_top_small=”” margin_bottom_small=”” margin_top=”” margin_bottom=”” margin_top_mobile=”” margin_bottom_mobile=”” text_color=”” animated_text_color=”” highlight_color=”” style_type=”default” sep_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]【只要買避險單】的方式[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

第二種避險方式,是期貨部位維持不動,也就是不要轉換,然後另外購買價外的選擇權做避險。

例如固定在假期之前購買選擇權做避險,然後在假期結束的開盤後,將選擇權避險單平倉掉。

下面的範例是在每個星期五的 13:40 購買選擇權進行避險,然後在星期一開盤後的 8:50 將購買的選擇權避險單一次全部平倉,其中多單會買進週選的價外賣權、空單會買進週選的價外買權。

[/fusion_text][fusion_imageframe image_id=”4989|full” max_width=”” sticky_max_width=”” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.order-master.com/wp-content/uploads/2020/10/Q02-02_01.png[/fusion_imageframe][fusion_tagline_box content_alignment=”left” link=”” button=”” linktarget=”_self” modal=”” button_size=”” button_type=”” buttoncolor=”default” title=”” description=”56+E5L6L5piv6LO86LK35pmC6ZaT5YO55YC85bCR6IiH5L2O5L+d6K2J6YeR55qE5YO55aSW6YCx6YG45pOH5qyK5L6G44CQ5L+d6K2344CR5pyf6LKo6YOo5L2N77ya” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” backgroundcolor=”#f2f2f2″ shadow=”yes” shadowopacity=”0.70″ border=”1″ bordercolor=”rgba(96,125,139,0)” highlightposition=”left” margin_top=”50px” margin_bottom=”50px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

如果我們持有多單,萬一開盤跳空大漲,期貨會大賺,賣權則當做保險費 (可能會歸 0);萬一開盤跳空大跌,則賣權會鎖定住最大虧損為 150 點。(一檔是 50 點,價外三檔是 150 點)
如果我們持有空單,萬一開盤跳空大跌,期貨會大賺,買權則當做保險費 (可能會歸 0);萬一開盤跳空大漲,則買權會鎖定住最大虧損為 150 點。(一檔是 50 點,價外三檔是 150 點)

[/fusion_tagline_box][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

最後我們來看看另外兩個設定:
全部選擇權還原:預設是勾選的,代表還原時間到的時候,就一次把全部的選擇權,還原回期貨 (只買避險單的話,則是一次全部平倉)
如果不勾選這個選項,那麼還原時間到的時候,不會馬上全部還原回期貨,會等有反向訊號的時候,先平倉選擇權,等到選擇權全部平倉掉之後,有新的訊號才會開始下期貨,這種方式的目的是要減少反向單的交易次數並節省手續費。

[/fusion_text][fusion_imageframe image_id=”4561|full” max_width=”” sticky_max_width=”” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”60px” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.order-master.com/wp-content/uploads/2020/09/Q02-03.png[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

批次轉換還原:勾選的話,每當轉換和還原的時候,會依照旁邊【批次口數】頁籤的設定,分批來下單。
不過要特別注意的是,分批下單的口數,都是指期貨的口數,而不是選擇權的口數,這是要特別注意的地方。

[/fusion_text][fusion_imageframe image_id=”4560|full” max_width=”” sticky_max_width=”” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”50px” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.order-master.com/wp-content/uploads/2020/09/Q02-04.png[/fusion_imageframe][fusion_separator style_type=”shadow” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”#8bc34a” top_margin=”40px” bottom_margin=”40px” border_size=”1″ icon=”” icon_size=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” content_align_medium=”” content_align_small=”” content_align=”center” size=”3″ font_size=”” animated_font_size=”” fusion_font_family_title_font=”” fusion_font_variant_title_font=”” line_height=”” letter_spacing=”” text_shadow=”no” text_shadow_vertical=”” text_shadow_horizontal=”” text_shadow_blur=”0″ text_shadow_color=”” margin_top_medium=”” margin_bottom_medium=”” margin_top_small=”” margin_bottom_small=”” margin_top=”” margin_bottom=”” margin_top_mobile=”” margin_bottom_mobile=”” text_color=”” animated_text_color=”” highlight_color=”” style_type=”default” sep_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]【期權同步轉換/避險】的處理方式[/fusion_title][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

在最單純的情況下,我們會在假期開始的【收盤前】進行轉換/避險,然後在假期結束的【開盤後】進行還原,這也是我們最推薦的方式。

但對於有操作午夜盤的用戶來說,因為收盤前是在凌晨四點多,所以會希望在睡覺之前就先進行轉換或避險,這樣就會踫到一個情況:萬一轉換之後到收盤之前【期貨訊號發生變化】(平倉或反手),那麼下單大師會怎麼處理呢 ?

當轉換時間到:會開始進行轉換/避險,此時轉換狀態會改為【已經轉換,正在等待還原】。
當還原時間到:會開始進行還原/平倉,此時轉換狀態會改為【尚未轉換,正在等待轉換】。

正常的情況下 (就是您沒有自己手動去改【轉換狀態】的情況),從【轉換之後 到 還原之前】的這段時間,如果期貨訊號會發生變化 (例如多單反手變空單),下單大師會自動根據訊號同步轉換/避險 (例如將多單避險單平倉,改為空單避險單),直到還原時間到。

【轉換狀態】會顯示在以下【帳戶管理】的畫面上:

[/fusion_text][fusion_imageframe image_id=”4990|full” max_width=”” sticky_max_width=”” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://www.order-master.com/wp-content/uploads/2020/10/Q02-03.png[/fusion_imageframe][fusion_tagline_box content_alignment=”left” link=”” button=”” linktarget=”_self” modal=”” button_size=”” button_type=”” buttoncolor=”default” title=”” description=”6KuL5rOo5oSP77ya” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” backgroundcolor=”#f2f2f2″ shadow=”yes” shadowopacity=”0.70″ border=”1″ bordercolor=”rgba(96,125,139,0)” highlightposition=”left” margin_top=”50px” margin_bottom=”50px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

如果需要手動補單或新增/刪除選擇權留倉部位時,請注意要將【轉換狀態】調整為正確的狀態,下單才不會出錯 !

[/fusion_tagline_box][fusion_title title_type=”text” rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ before_text=”” rotation_text=”” highlight_text=”” after_text=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” content_align=”left” size=”3″ font_size=”” animated_font_size=”” fusion_font_family_title_font=”” fusion_font_subset_title_font=”” fusion_font_variant_title_font=”” line_height=”” letter_spacing=”” margin_top=”50px” margin_bottom=”” margin_top_mobile=”” margin_bottom_mobile=”” text_color=”” animated_text_color=”” highlight_color=”” style_type=”default” sep_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” margin_top_small=”” margin_bottom_small=””]

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