期权卖方风险
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期权卖方的风险真的比期货高吗?别被吓到了!
Sou Hu Cai Jing· 2025-09-01 14:47
Group 1 - The notion that the risk for options sellers is "infinitely large" is misleading, as actual operational risks can be managed through various strategies [2][4] - Theoretical risks for call option sellers can be unlimited if the underlying asset's price rises significantly, leading to substantial losses [3] - In practice, market fluctuations and risk management strategies, such as stop-loss orders and hedging, can limit potential losses for options sellers [4] Group 2 - Comparing the risk profiles, futures trading involves two-way risk, where losses can occur regardless of market direction, while options selling primarily presents one-way risk [7] - Options sellers are required to post margin, but the premium received from selling options can serve as a buffer against losses, unlike futures where additional margin may be required during volatility [8] - A practical example illustrates that with the same capital, options sellers can mitigate losses through premium income, while futures traders face the risk of total loss and margin calls [9] Group 3 - Overall, the risks associated with options selling are not as high as commonly perceived, especially when compared to futures trading, and can be managed effectively [10]