You Could Have Turned $500 Into More Than $50,000 In One Day As Market Got Clobbered: Here's How
You Could Have Turned $500 Into More Than $50,000 In One Day As Market Got Clobbered: Here's How
Wednesday was the worst day for the overall market in 2024, with the SPDR S&P 500 Index (NYSE:SPY) trading down more than 2% and the Invesco QQQ Trust Series 1 (NYSE:QQQ) trading down more than 3.5% late in the session.
Many mega-cap tech names that have driven much of the last year's rally sold off significantly on the day, with NVIDIA Corp (NASDAQ:NVDA), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc (NASDAQ:TSLA) each trading down more than 5%.
But, even when the market gets hammered, there are ways to make money. Short-dated options contracts are a risky way to play the market, but when they go right, they can be a vehicle to make large gains very quickly.
周三是2024年整个市场最糟糕的一天，SPDR S&P 500指数（纽交所：SPY）下跌超过2％，Invesco QQQ Trust Series 1（纽交所：QQQ）在交易会议后期下跌超过3.5％。
但是，即使市场遭到重创，也有赚钱的方法。许多驱动去年行情的大型科技股名字在当天大幅抛售，NVIDIA Corp（纳斯达克：NVDA）、Alphabet Inc（纳斯达克：GOOG）（纳斯达克：GOOGL）和Tesla Inc（纳斯达克：TSLA）各自下跌超过5％。
不过，即使在市场遭受打击时，也有赚钱的方法。短期期权合约是一种冒险的投资方式，但是当它们表现良好时，它们可以成为快速获得大量利润的投资工具。
On Tuesday, put contracts on the QQQs with a strike price of $469 that expired Wednesday afternoon closed at $.05 a contract, according to Robinhood Markets (NASDAQ:HOOD). At the time, the QQQs were trading at more than $480 a share, making it very unlikely that the index would trade below the strike price.
Read Also: US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?
根据Robinhood Markets（纳斯达克：HOOD）的数据，周二到期的QQQ看跌期权在周三下午行权价格为469美元，合同价格为0.05美元。当时，QQQ的交易价格超过480美元，这使得该指数在行权价格以下交易的可能性非常小。
阅读更多：美股暴跌，科技七巨头失宠导致市值缩水5700亿美元，VIX激增：周三推动市场走势的因素是什么？
At their highs on Wednesday, those same contracts that would have cost $5 on Tuesday, were worth more than $510 a pop. This means that 100 contracts of those specific puts could have been purchased for $500 on Tuesday, and sold for more than $50,000 on Wednesday, good for a gain of more than 9,900%.
在周三的高点，这些相同的合同在周二的成本为5美元，现价为每张超过510美元。这意味着在周二，这些特定的看跌期权合约可以以500美元的价格购买100份，而在周三卖出则可获得超过5万美元的收益，收益率超过9900％。
Put contracts give the buyer the right to sell the underlying equity (in this case 100 shares of the QQQs) at the predetermined strike price, regardless of where the stock is trading, up until the expiration date. With Wednesday's wicked red day, well outside the standard deviation move of the overall market, those put contracts exploded in price.
看跌期权合约赋予买方权利，在到期日前以预定行权价格出售标的股票（在此情况下为100份QQQ股票），无论股票交易价格在哪里。在周三的波动极大的红色市场之外，这些看跌期权合约价格飙升。
Typically, the $SPY or $QQQs don't move more than 2% in a single day. But, because Tuesday afternoon featured earnings reports from two of the biggest holdings in each index (Tesla and Google) there was an extra catalyst, making the market prime for a larger-than-expected move.
通常，$ SPY或$ QQQs不会在单个交易日内上下波动超过2％。但是，由于周二下午最大的指数成分股持有者之一（特斯拉和谷歌）的财报公布，市场有了额外的催化剂，使市场成为一个预期之外的下跌风险。
Not to mention the fact that the rapid rise of volatility on Wednesday also increased the value of the contracts. When the VIX (an indicator of market volatility) goes higher, so does the underlying value of options contracts. This is because the increased volatility makes it more likely that a stock could hit the strike price associated with the options contract.
Read Next:
更不用说周三的飞速波动还增加了合同的价值。当VIX（市场波动率指标）上升时，期权合约的基础价值也会上升。这是因为增加的波动性使得股票更有可能到达与期权合约相关的行权价格。
阅读下文:
- GDP Q2 Preview: 5 ETFs To Monitor Thursday As Economic Data Unfolds
- 第二季度国内生产总值预览：在经济数据公布时监测5个ETF
Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。