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谢朝木 · 2022年02月23日

是否可以通过short sell来对冲风险啊!

NO.PZ2018062002000029

问题如下:

Tim owns 200 shares PZ company's stock. The current price of the stock is $20 per share. When use technical analysis, Tim finds that the stock price has a support level of $15. The support level means if the stock price is going downward, the support level will give the price a support and will make the price stay above the level rather than fall below it. Tim does not want to sell the stocks immediately, but he are concerned about the possibility of a huge loss if the stock price falls below the support level. Which of the following statements is correct?

选项:

A.

Short sell order is most appropriately address Tim's concern.

B.

Good-till-cancelled stop sell order is most appropriately address Tim's concern.

C.

Good-till-cancelled stop buy order is most appropriately address Tim's concern.

解释:

B is correct.

To address Tim's concern, a good-till-cancelled stop sell order is the most appropriately order. If the stock price declines below $15, the order will be triggered. Sometimes, this order is referred to as a good-till-cancelled stop loss sell order. If the stock are generally bullished and has no sale signals, investors who short selling the stock would be expected a loss. When the stock price is increasing, a stop buy order is placed to buy the stock.

考点:Execution Instructions

这道题就是说一个投资者有200只股票,现在价格是每股20元,技术分析得到该股票的阻力位是15元(通常跌倒15元就会反弹)。但是如果股票真的跌破阻力位就会出现巨大亏损,投资者目前还不想卖股票,但他也担心出现跌破阻力位的情况,所以应该发布什么指令呢?

A就是一个正常的以市场价格卖空的指令,但题干明确说除非大跌TIM并不想现在就卖。

B:投资者现在拥有股票,希望在未来股票价格跌破15时卖出止损,这就是good-till cancelled stop sell order的作用,stop order是一个有效性指令,当价格触碰15才会执行卖出指令

C:stop buy不能解决TIM的顾虑,因为他持有股票担的是股票下跌而不能及时止损,而选项C是通常是卖空方用来止损的指令。

通过short sell对冲的价格下降的效果应该比stop sell好吧!请老师解答一下

1 个答案

王园圆_品职助教 · 2022年02月23日

嗨,从没放弃的小努力你好:


同学你好,什么叫“short sell"?首先你可以搜索一下原版书,根本没有所谓的”short sell" order,只有short seller。所以首先,这种指令根本不存在


其次,我们需要注意看清楚投资者的需求——投资者要的不是立刻保护他的投资,而是在股价跌到15或以下时及时平仓止损。

原版书和A选项类似的指令是“short sale",是指卖空一个股票的指令。确实卖空该股票可以帮助投资者规避风险。但此时的股价是20元,B选项强调了good-till-cancel,是说这个以指定价格(15)开始卖出的指令会一直有效直到我主动终止;而A选项没有good-till-cancel,首先在时间上没法保证指令一直有效,其次也没有指定卖空的价格(我们可以理解为系统会自动按当前价20进行卖空)那就不符合投资者的要求了。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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Gootill-cancellestop sell orr is most appropriately aress Tim's concern. Gootill-cancellestop buy orr is most appropriately aress Tim's concern. B is correct. To aress Tim's concern, a gootill-cancellestop sell orr is the most appropriately orr. If the stopriclines below $15, the orr will triggere Sometimes, this orr is referreto a gootill-cancellestop loss sell orr. If the stoare generally bullisheanhno sale signals, investors who short selling the stowoulexpectea loss. When the stopriis increasing, a stop buy orr is placeto buy the stock. 考点Execution Instructions 这道题就是说一个投资者有200只股票,现在价格是每股20元,技术分析得到该股票的阻力位是15元(通常跌倒15元就会反弹)。但是如果股票真的跌破阻力位就会出现巨大亏损,投资者目前还不想卖股票,但他也担心出现跌破阻力位的情况,所以应该发布什么指令呢? A就是一个正常的以市场价格卖空的指令,但题干明确说除非大跌TIM并不想现在就卖。 B:投资者现在拥有股票,希望在未来股票价格跌破15时卖出止损,这就是gootill cancellestop sell orr的作用,stop orr是一个有效性指令,当价格触碰15才会执行卖出指令 C:stop buy不能解决TIM的顾虑,因为他持有股票担的是股票下跌而不能及时止损,而C是通常是卖空方用来止损的指令。 由于答案中“gootill-cancellestop sell orr”这样的指令比较难理解,如果指令的表达方式不是很多,可否穷举类似的指令,并加上中文翻译,让我们方便记忆

2020-11-27 10:46 1 · 回答

老师你好,这里我能否这么理解stop sell 对于价格被高估的股票有利,stop buy 对于价格被低估的股票有利,可以吗?谢谢

2018-09-07 13:03 1 · 回答