什么是期权的套期保值？

Group 1 - The core concept of options hedging is to use the characteristics of options to offset potential losses in spot or futures positions, thereby achieving risk management and profit protection [6][4] - Options hedging involves establishing an options position that generates returns to compensate for losses in the underlying spot or futures, aiming to lock in or reduce price risk [6][4] - The principle of futures hedging is based on the high correlation between the prices of the same underlying asset in the spot, futures, and options markets, where futures prices generally move in the same direction as spot prices [3][4] Group 2 - Protective hedging can be classified into two types based on the intent of the hedger: purchasing call options for consumers to prevent price increases, and purchasing put options for producers to prevent price decreases [7][6] - The protective hedging strategy allows for locking in losses while retaining the potential for profit, functioning as an insurance strategy against adverse price movements [6][7] - The number of options contracts for hedging should typically match the size of the underlying spot or futures position, but adjustments can be made based on market volatility assessments for better hedging effectiveness [8][7]