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\/>\n\u7b54\uff1a\u884c\u6743\u4ef7\u9009\u62e9\u9700\u7ed3\u5408\u81ea\u8eab\u5bf9\u4ef7\u683c\u65b9\u5411\u7684\u5224\u65ad\u548c\u5e02\u573a\u6280\u672f\u5206\u6790\u3002\u865a\u503c\u671f\u6743\uff08Out-of-the-Money\uff09\u6743\u5229\u91d1\u8f83\u4f4e\u4f46\u9700\u8981\u66f4\u5927\u4ef7\u683c\u6ce2\u52a8\u624d\u80fd\u76c8\u5229\uff1b\u5b9e\u503c\u671f\u6743\uff08In-the-Money\uff09\u6743\u5229\u91d1\u8f83\u9ad8\u4f46\u5185\u5728\u4ef7\u503c\u5927\uff1b\u5e73\u503c\u671f\u6743\uff08At-the-Money\uff09\u517c\u5177\u4e24\u8005\u7279\u70b9\u3002\u4e13\u4e1a\u4ea4\u6613\u8005\u5e38\u53c2\u8003\u9690\u542b\u6ce2\u52a8\u7387\u3001Delta\u503c\u53ca\u6280\u672f\u652f\u6491\u963b\u529b\u4f4d\u6765\u7efc\u5408\u5224\u65ad\u3002<\/p>\n<p>\u95ee\uff1a\u6bd4\u7279\u5e01\u671f\u6743\u4e0e\u671f\u8d27\u6709\u4ec0\u4e48\u533a\u522b\uff1f<br \/>\n\u7b54\uff1a\u671f\u6743\u8d4b\u4e88\u7684\u662f\u6743\u5229\u800c\u975e\u4e49\u52a1\uff0c\u4e70\u65b9\u53ef\u9009\u62e9\u4e0d\u884c\u6743\uff1b\u671f\u8d27\u53cc\u65b9\u90fd\u6709\u5c65\u884c\u4e49\u52a1\u3002\u671f\u6743\u4e70\u65b9\u635f\u5931\u6709\u9650\uff08\u6700\u591a\u6743\u5229\u91d1\uff09\uff0c\u671f\u8d27\u76c8\u4e8f\u53d6\u51b3\u4e8e\u4fdd\u8bc1\u91d1\u500d\u7387\u3002\u671f\u6743\u7684\u65f6\u95f4\u4ef7\u503c\u4f1a\u968f\u5230\u671f\u65e5\u4e34\u8fd1\u8870\u51cf\uff0c\u671f\u8d27\u5219\u65e0\u6b64\u7279\u6027\u3002\u671f\u8d27\u9002\u5408\u8d8b\u52bf\u660e\u786e\u7684\u5355\u8fb9\u884c\u60c5\uff0c\u671f\u6743\u5728\u9707\u8361\u5e02\u4e2d\u66f4\u5177\u4f18\u52bf\u3002<\/p>\n<p>\u95ee\uff1a\u65b0\u624b\u5982\u4f55\u5f00\u59cb\u4ea4\u6613\u6bd4\u7279\u5e01\u671f\u6743\uff1f<br \/>\n\u7b54\uff1a\u5efa\u8bae\u4ece\u4e3b\u6d41\u4ea4\u6613\u6240\u7684\u5c0f\u989d\u5b9e\u76d8\u5f00\u59cb\uff0c\u9009\u62e9\u8fd1\u6708\u3001\u5e73\u503c\u6216\u6d45\u865a\u503c\u5408\u7ea6\u3002\u521d\u671f\u4e13\u6ce8\u4e8e\u5355\u4e00\u7b56\u7565\u5982\u4fdd\u62a4\u6027\u770b\u8dcc\u671f\u6743\uff0c\u7406\u89e3\u65f6\u95f4\u4ef7\u503c\u8870\u51cf\u89c4\u5f8b\u3002\u4f7f\u7528\u6a21\u62df\u4ea4\u6613\u719f\u6089\u5e0c\u814a\u5b57\u6bcd\u7684\u98ce\u9669\u7279\u5f81\uff0c\u4e25\u683c\u6267\u884c\u4ed3\u4f4d\u7ba1\u7406\u89c4\u5219\uff0c\u5355\u7b14\u4ea4\u6613\u4e0d\u8d85\u8fc7\u53ef\u627f\u53d7\u635f\u5931\u76842%\u3002<\/p>\n<p>\u95ee\uff1aAI\u6280\u672f\u5982\u4f55\u6539\u53d8\u6bd4\u7279\u5e01\u671f\u6743\u4ea4\u6613\uff1f<br \/>\n\u7b54\uff1a2026\u5e74AI\u4e0e\u53bb\u4e2d\u5fc3\u5316\u8ba1\u7b97\u7684\u7ed3\u5408\u6b63\u5728\u91cd\u5851\u671f\u6743\u5e02\u573a\u3002\u673a\u5668\u5b66\u4e60\u6a21\u578b\u53ef\u5b9e\u65f6\u5206\u6790\u94fe\u4e0a\u6570\u636e\u3001\u793e\u4ea4\u5a92\u4f53\u60c5\u7eea\u548c\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\uff0c\u63d0\u5347\u6ce2\u52a8\u7387\u9884\u6d4b\u7cbe\u5ea6\u3002\u667a\u80fd\u5408\u7ea6\u81ea\u52a8\u6267\u884c\u671f\u6743\u505a\u5e02\u7b56\u7565\uff0c\u964d\u4f4e\u4ea4\u6613\u5bf9\u624b\u98ce\u9669\u3002\u53bb\u4e2d\u5fc3\u5316\u671f\u6743\u534f\u8bae\u5982Dopex\u5141\u8bb8\u7528\u6237\u81ea\u5b9a\u4e49\u884c\u6743\u4ef7\u548c\u5230\u671f\u65e5\uff0c\u63d0\u9ad8\u4e86\u5e02\u573a\u6548\u7387\u3002<\/p>\n<p>= \u5b9e\u6218\u7ecf\u9a8c\u5206\u4eab =<\/p>\n<p>\u5728\u5b9e\u9645\u64cd\u4f5c\u4e2d\uff0c\u6211\u6df1\u523b\u4f53\u4f1a\u5230\u4ed3\u4f4d\u7ba1\u7406\u7684\u91cd\u8981\u6027\u30022025\u5e74\u5e95\u7684\u4e00\u6b21\u4ea4\u6613\u4e2d\uff0c\u6211\u8fc7\u65e9\u5356\u51fa\u770b\u6da8\u671f\u6743\u6355\u83b7\u6743\u5229\u91d1\uff0c\u7ed3\u679c\u6bd4\u7279\u5e01\u7a81\u7834\u963b\u529b\u4f4d\u540e\u88ab\u8feb\u5e73\u4ed3\uff0c\u635f\u5931\u8d85\u8fc7\u9884\u671f\u6536\u76ca\u3002\u7ecf\u9a8c\u8868\u660e\uff0c\u8d8b\u52bf\u4e0d\u660e\u65f6\u907f\u514d\u88f8\u5356\u671f\u6743\uff0c\u4fdd\u62a4\u6027\u7b56\u7565\u66f4\u80fd\u7a33\u5065\u79ef\u7d2f\u6536\u76ca\u3002\u540c\u65f6\uff0c\u5efa\u8bae\u5efa\u7acb\u6ce2\u52a8\u7387\u89c2\u6d4b\u7cfb\u7edf\uff0c\u5f53\u5386\u53f2\u6ce2\u52a8\u7387\u5904\u4e8e\u5386\u53f2\u4f4e\u4f4d\u65f6\u4e70\u5165\u8de8\u5f0f\u671f\u6743\uff08Straddle\uff09\uff0c\u5f80\u5f80\u80fd\u6355\u83b7\u7a81\u7834\u884c\u60c5\u3002<\/p>\n<p>= \u4e13\u4e1a\u89d2\u5ea6\u5206\u6790 =<\/p>\n<p>\u4ece\u91d1\u878d\u5de5\u7a0b\u89c6\u89d2\uff0c\u6bd4\u7279coin\u671f\u6743\u5b9a\u4ef7\u7684\u6838\u5fc3\u662f\u6ce2\u52a8\u7387\u5efa\u6a21\u3002Black-Scholes\u6a21\u578b\u867d\u88ab\u5e7f\u6cdb\u4f7f\u7528\uff0c\u4f46\u5176\u5047\u8bbe\u4e0e\u52a0\u5bc6\u5e02\u573a\u5b9e\u9645\u5b58\u5728\u504f\u5dee\u3002\u52a0\u5bc6\u8d44\u4ea7\u7684\u5c16\u5cf0\u539a\u5c3e\u5206\u5e03\u548c\u6ce2\u52a8\u7387\u805a\u96c6\u6548\u5e94\uff0c\u4f7f\u5f97\u9690\u542b\u6ce2\u52a8\u7387\u66f2\u9762\u5448\u73b0\u660e\u663e\u7684\u6ce2\u52a8\u7387\u504f\u659c\uff08Volatility 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=<\/p>\n<p>\u6839\u636e\u829d\u52a0\u54e5\u5546\u4e1a\u4ea4\u6613\u6240\uff08CME\uff09\u7684\u5e02\u573a\u62a5\u544a\uff0c\u6bd4\u7279\u5e01\u671f\u6743\u673a\u6784\u53c2\u4e0e\u5ea6\u6301\u7eed\u63d0\u5347\uff0c\u673a\u6784\u6301\u4ed3\u5360\u6bd4\u8d85\u8fc740%\u3002\u7f8e\u56fdSEC\u5bf9\u6bd4\u7279\u5e01ETF\u7684\u6279\u51c6\u8fdb\u4e00\u6b65\u63a8\u52a8\u4e86\u4f20\u7edf\u91d1\u878d\u5bf9\u52a0\u5bc6\u671f\u6743\u7684\u5173\u6ce8\u3002\u5b66\u672f\u7814\u7a76\u65b9\u9762\uff0c\u9ebb\u7701\u7406\u5de5\u5b66\u9662\u548c\u65af\u5766\u798f\u5927\u5b66\u7684\u533a\u5757\u94fe\u7814\u7a76\u56e2\u961f\u53d1\u8868\u4e86\u591a\u7bc7\u5173\u4e8e\u52a0\u5bc6\u8d44\u4ea7\u6ce2\u52a8\u7387\u5efa\u6a21\u7684\u8bba\u6587\uff0c\u4e3a\u884c\u4e1a\u53d1\u5c55\u63d0\u4f9b\u7406\u8bba\u652f\u6491\u3002<\/p>\n<p>= \u53ef\u4fe1\u5ea6\u8bf4\u660e 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\u5e38\u89c1\u95ee\u9898 =<\/p>\n<p>1. **\u4e3a\u4ec0\u4e48bitcoin options\u5728\u4eca\u5e74\u7a81\u7136\u53d7\u5230\u5173\u6ce8\uff1f**<\/p>\n<p>bitcoin options\u4e4b\u6240\u4ee5\u8131\u9896\u800c\u51fa\uff0c\u662f\u56e0\u4e3a\u5b83\u586b\u8865\u4e86\u5f53\u524d\u5e02\u573a\u5728\u81ea\u52a8\u5316\u6267\u884c\u548c\u8de8\u94fe\u4ea4\u4e92\u4e0a\u7684\u7a7a\u767d\u3002\u968f\u77402026\u5e74AI\u4e0e\u533a\u5757\u94fe\u878d\u5408\u7684\u52a0\u6df1\uff0cbitcoin options\u7684\u5e94\u7528\u6f5c\u529b\u88ab\u91cd\u65b0\u6316\u6398\u3002<\/p>\n<p>2. **\u65b0\u624b\u6295\u8d44bitcoin options\u9700\u8981\u6ce8\u610f\u4ec0\u4e48\uff1f**<\/p>\n<p>\u9996\u5148\u8981\u5173\u6ce8bitcoin options\u7684\u4ee3\u5e01\u7ecf\u6d4e\u5b66\uff08Tokenomics\uff09\uff0c\u4e86\u89e3\u5176\u901a\u80c0\u6a21\u578b\u548c\u89e3\u9501\u5468\u671f\u3002\u5176\u6b21\uff0c\u4e0d\u8981\u5728\u77ed\u671f\u66b4\u6da8\u65f6\u76f2\u76ee\u8ffd\u9ad8\uff0c\u5efa\u8bae\u91c7\u53d6\u5206\u6279\u5efa\u4ed3\u7684\u7b56\u7565\u6765\u5e73\u644a\u6210\u672c\u3002<\/p>\n<p>3. **bitcoin options\u672a\u6765\u7684\u589e\u957f\u7a7a\u95f4\u6709\u591a\u5927\uff1f**<\/p>\n<p>\u6839\u636e2026\u5e74\u7684\u5e02\u573a\u6df1\u5ea6\u5206\u6790\uff0cbitcoin options\u5982\u679c\u80fd\u6309\u8ba1\u5212\u5b8c\u6210\u8def\u7ebf\u56fe\u4e2d\u7684\u91cd\u5927\u5347\u7ea7\uff0c\u5176\u5e02\u503c\u6709\u671b\u8fdb\u5165\u5782\u76f4\u9886\u57df\u7684\u524d\u5217\u3002\u4f46\u4e5f\u8981\u8b66\u60d5\u76d1\u7ba1\u653f\u7b56\u53d8\u5316\u5e26\u6765\u7684\u5e02\u573a\u56de\u8c03\u98ce\u9669\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>= \u5f00\u5934\u6458\u8981 = 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