{"id":471,"date":"2026-02-21T07:28:57","date_gmt":"2026-02-20T23:28:57","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=471"},"modified":"2026-02-21T07:30:52","modified_gmt":"2026-02-20T23:30:52","slug":"%e6%9c%9f%e6%9d%83%e5%88%b0%e6%9c%9f%e6%97%a5%ef%bc%9a%e6%9c%9f%e6%9d%83%e5%88%b0%e6%9c%9f%e6%97%b6%e4%bc%9a%e5%8f%91%e7%94%9f%e4%bb%80%e4%b9%88%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=471","title":{"rendered":"\u671f\u6743\u5230\u671f\u65e5\uff1a\u671f\u6743\u5230\u671f\u65f6\u4f1a\u53d1\u751f\u4ec0\u4e48\uff1f"},"content":{"rendered":"<p><span dir=\"auto\">\u60a8\u662f\u5426\u5728\u6d4f\u89c8\u793e\u4ea4\u5a92\u4f53\u65f6\u770b\u5230\u8fc7\u201cDTE\u201d\u8fd9\u4e2a\u8bcd\uff0c\u5e76\u597d\u5947\u5b83\u7684\u542b\u4e49\uff1fDTE\uff0c\u5373\u201c\u5230\u671f\u65e5\u201d\uff0c\u8868\u793a\u671f\u6743\u5408\u7ea6\u5230\u671f\u524d\u5269\u4f59\u7684\u65f6\u95f4\u3002\u60f3\u77e5\u9053\u5230\u671f\u65e5\u5982\u4f55\u5f71\u54cd\u671f\u6743\u6ea2\u4ef7\u4ee5\u53ca\u5982\u4f55\u5f71\u54cd\u60a8\u7684\u4ea4\u6613\u7b56\u7565\u5417\uff1f\u65e0\u8bba\u60a8\u662f\u671f\u6743\u4ea4\u6613\u65b0\u624b\uff0c\u8fd8\u662f\u5bf9\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u7ec6\u5fae\u5dee\u522b\u611f\u5230\u597d\u5947\uff0c\u672c\u6307\u5357\u90fd\u80fd\u4e3a\u60a8\u63d0\u4f9b\u6240\u9700\u7684\u6240\u6709\u4fe1\u606f\uff0c\u8ba9\u60a8\u8f7b\u677e\u5e94\u5bf9\u5230\u671f\u65e5\u3002\u4ece\u89e3\u91ca\u671f\u6743\u5230\u671f\u65e5\u7684\u542b\u4e49\u5230\u7406\u89e3\u671f\u6743\u5230\u671f\u65f6\u4f1a\u53d1\u751f\u4ec0\u4e48\uff0c\u8fd9\u91cc\u6709\u60a8\u9700\u8981\u4e86\u89e3\u7684\u6709\u5173\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5230\u671f\u65e5\u7684\u4e00\u5207\u4fe1\u606f\u3002<\/span><\/p>\n<h2 id=\"1\"><span dir=\"auto\">TL;DR<\/span><\/h2>\n<ul>\n<li><span dir=\"auto\">\u5230\u671f\u65e5\u662f\u4efb\u4f55\u671f\u6743\u5408\u7ea6\u7684\u91cd\u8981\u7ec4\u6210\u90e8\u5206\uff0c\u5e76\u6709\u6548\u5730\u51b3\u5b9a\u4e86\u5408\u7ea6\u7684\u5269\u4f59\u671f\u9650\u53ca\u5176\u4ef7\u503c\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u968f\u7740\u5230\u671f\u65e5\u7684\u4e34\u8fd1\uff0c\u65f6\u95f4\u8870\u51cf\uff08theta\uff09\u4f1a\u4fb5\u8680\u671f\u6743\u7684\u4ef7\u503c\uff0c\u7279\u522b\u662f\u5bf9\u4e8e\u4ef7\u5916\u5408\u7ea6\u800c\u8a00\uff0c\u56e0\u4e3a\u8fbe\u5230\u6267\u884c\u4ef7\u683c\u7684\u673a\u4f1a\u5f88\u4f4e\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u6ce2\u52a8\u6027\u4f7f\u5f97\u671f\u6743\u4ea4\u6613\u98ce\u9669\u66f4\u5927\uff0c\u4f46\u5bf9\u4e8e\u4e86\u89e3\u5e02\u573a\u52a8\u6001\u7684\u4eba\u6765\u8bf4\uff0c\u6f5c\u5728\u7684\u56de\u62a5\u53ef\u80fd\u66f4\u5927\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u73b0\u91d1\u7ed3\u7b97\u5728\u52a0\u5bc6\u671f\u6743\u4e2d\u5f88\u5e38\u89c1\uff0c\u4ea4\u6613\u8005\u9700\u8981\u4e86\u89e3\u8fd9\u79cd\u4e0e\u4f20\u7edf\u671f\u6743\u5b9e\u7269\u7ed3\u7b97\u7684\u533a\u522b\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u901a\u8fc7\u884c\u4f7f\u3001\u5c55\u671f\u6216\u8ba9\u5408\u7ea6\u5230\u671f\u6765\u59a5\u5584\u7ba1\u7406\u5230\u671f\u671f\u6743\u53ef\u4ee5\u5e2e\u52a9\u964d\u4f4e\u98ce\u9669\u5e76\u5b9e\u73b0\u6536\u76ca\u6700\u5927\u5316\u3002<\/span><\/li>\n<\/ul>\n<h2 id=\"2\"><span dir=\"auto\">\u4ec0\u4e48\u662f\u671f\u6743\u5230\u671f\u65e5\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u671f\u6743\u5230\u671f\u65e5\u662f\u671f\u6743\u5408\u7ea6\u6709\u6548\u671f\u7684\u6700\u540e\u4e00\u5929\u3002\u5728\u6b64\u65e5\u671f\u4e4b\u540e\uff0c\u671f\u6743\u5c06\u88ab\u884c\u4f7f\u3001\u88ab\u6307\u6d3e\u6216\u5931\u6548\uff0c\u5177\u4f53\u53d6\u51b3\u4e8e\u5408\u7ea6\u662f\u4ef7\u5185\u671f\u6743 (ITM) \u8fd8\u662f\u4ef7\u5916\u671f\u6743 (OTM)\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u65e0\u8bba\u662f\u4f20\u7edf\u671f\u6743\u8fd8\u662f\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\uff0c\u5230\u671f\u65e5\u90fd\u662f\u671f\u6743\u5408\u7ea6\u51b3\u7b56\u7684\u6700\u540e\u671f\u9650\u3002\u7b80\u800c\u8a00\u4e4b\uff0c\u5230\u671f\u65e5\u662f\u671f\u6743\u5408\u7ea6\u6301\u6709\u4eba\u5fc5\u987b\u51b3\u5b9a\u884c\u4f7f\u6807\u7684\u8d44\u4ea7\u7684\u671f\u6743\u6743\u5229\uff0c\u8fd8\u662f\u5141\u8bb8\u671f\u6743\u5230\u671f\u7684\u65f6\u95f4\u70b9\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5728\u4f20\u7edf\u7684\u671f\u6743\u5e02\u573a\u4e2d\uff0c\u8fd9\u4e9b\u5230\u671f\u65e5\u901a\u5e38\u9075\u5faa\u6807\u51c6\u5316\u7684\u65f6\u95f4\u8868\uff0c\u4f8b\u5982\u6708\u5ea6\u5408\u7ea6\u7684\u5230\u671f\u65e5\u662f\u6bcf\u6708\u7684\u7b2c\u4e09\u4e2a\u661f\u671f\u4e94\u3002\u7136\u800c\uff0c\u5728\u5feb\u901f\u53d8\u5316\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4e2d\uff0c\u8f83\u77ed\u7684\u5230\u671f\u65f6\u95f4\u7ebf\u4f7f\u4ea4\u6613\u8005\u80fd\u591f\u5feb\u901f\u5e94\u5bf9\u6ce2\u52a8\uff0c\u4ece\u800c\u7075\u6d3b\u5730\u4ece\u7a81\u7136\u7684\u5e02\u573a\u53d8\u5316\u4e2d\u83b7\u5229\u3002\u8fd9\u5bf9\u4e8e\u91c7\u7528\u4f3d\u9a6c\u5265\u5934\u76ae\u7b49\u7b56\u7565\u7684\u4ea4\u6613\u8005\u5c24\u5176\u91cd\u8981\uff0c\u56e0\u4e3a\u65f6\u95f4\u4ef7\u503c\u81f3\u5173\u91cd\u8981\u3002\u6211\u4eec\u7a0d\u540e\u4f1a\u8be6\u7ec6\u4ecb\u7ecd\u3002<\/span><\/p>\n<h2 id=\"3\"><span dir=\"auto\">\u671f\u6743\u5230\u671f\u5982\u4f55\u8fd0\u4f5c<\/span><\/h2>\n<p><span dir=\"auto\">\u5f53\u60a8\u4e70\u5165\u6216\u5356\u51fa\u671f\u6743\u5408\u7ea6\u65f6\uff0c\u60a8\u540c\u610f\u5728\u5230\u671f\u65e5\u4e4b\u524d\u6216\u5230\u671f\u65e5\u4ee5\u7279\u5b9a\u7684\u6267\u884c\u4ef7\u683c\u4e70\u5165\u6216\u5356\u51fa\u6807\u7684\u8d44\u4ea7\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u671f\u6743\u7c7b\u578b\uff1a\u770b\u6da8\u671f\u6743\u548c\u770b\u8dcc\u671f\u6743<\/span><\/h3>\n<p><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/crypto-call-options-explained\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4e3a\u4e86\u5145\u5206\u7406\u89e3\u5230\u671f\u65e5\uff0c\u6211\u4eec\u9996\u5148\u8981\u638c\u63e1\u770b\u6da8\u671f\u6743<\/span><\/a><span dir=\"auto\">\u548c<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/put-options\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u770b\u8dcc\u671f\u6743<\/span><\/a><span dir=\"auto\">\u4e4b\u95f4\u7684\u533a\u522b\u3002<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">\u770b\u6da8\u671f\u6743\u8d4b\u4e88\u6301\u6709\u8005\u5728\u5230\u671f\u65e5\u4e4b\u524d\u6216\u5230\u671f\u65e5\u4ee5\u7279\u5b9a\u4ef7\u683c\u8d2d\u4e70\u6807\u7684\u8d44\u4ea7\u7684\u9009\u62e9\u6743\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u7c7b\u4f3c\u5730\uff0c\u770b\u8dcc\u671f\u6743\u5141\u8bb8\u6301\u6709\u8005\u5728\u76f8\u540c\u6761\u4ef6\u4e0b\u9009\u62e9\u51fa\u552e\u6807\u7684\u8d44\u4ea7\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u5230\u671f\u65e5\u5b9a\u4e49\u4e86\u6b64\u6743\u5229\u7684\u6709\u6548\u671f\u3002\u5230\u671f\u65e5\u4e4b\u540e\uff0c\u671f\u6743\u5408\u7ea6\u5c06\u88ab\u89c6\u4e3a\u65e0\u6548\uff0c\u60a8\u65e0\u6cd5\u91c7\u53d6\u4efb\u4f55\u8fdb\u4e00\u6b65\u7684\u884c\u52a8\u3002\u73b0\u5728\u60a8\u5df2\u7ecf\u4e86\u89e3\u4e86\u5230\u671f\u65e5\u5982\u4f55\u5f71\u54cd\u60a8\u7684\u671f\u6743\uff0c\u8ba9\u6211\u4eec\u6765\u63a2\u8ba8\u4e0d\u540c\u7c7b\u578b\u7684\u671f\u6743\u5982\u4f55\u5728\u884c\u4f7f\u8fd9\u4e9b\u6743\u5229\u65f6\u4e3a\u60a8\u63d0\u4f9b\u4e0d\u540c\u7a0b\u5ea6\u7684\u7075\u6d3b\u6027\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u6b27\u5f0f\u4e0e\u7f8e\u5f0f\u9009\u62e9<\/span><\/h3>\n<p><span dir=\"auto\">\u6839\u636e\u5408\u540c\u7684\u5c65\u884c\u65f6\u95f4\uff0c\u671f\u6743\u4e3b\u8981\u6709\u4e24\u79cd\u7c7b\u578b\u3002<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">\u6b27\u5f0f\u671f\u6743\u53ea\u80fd\u5728\u5230\u671f\u65e5\u5f53\u5929\u884c\u4f7f\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u7f8e\u5f0f\u671f\u6743\u53ef\u4ee5\u5728\u5230\u671f\u65e5\u4e4b\u524d\u7684\u4efb\u4f55\u65f6\u95f4\u884c\u4f7f\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u6211\u4eec\u7684\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u91c7\u7528\u6b27\u5f0f\u8fd0\u4f5c\uff0c\u8fd9\u610f\u5473\u7740\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u5728\u5408\u7ea6\u7ea6\u5b9a\u5230\u671f\u65e5\u4e4b\u524d\u65e0\u6cd5\u884c\u4f7f\u671f\u6743\u3002\u8fd9\u4e00\u70b9\u5bf9\u4e8e\u4ea4\u6613\u8005\u6765\u8bf4\u5c24\u5176\u91cd\u8981\uff0c\u56e0\u4e3a\u4e0e\u7f8e\u5f0f\u671f\u6743\u76f8\u6bd4\uff0c\u6b27\u5f0f\u671f\u6743\u7684\u7075\u6d3b\u6027\u6709\u6240\u9650\u5236\u3002<\/span><\/p>\n<h2 id=\"4\"><span dir=\"auto\">\u671f\u6743\u4f55\u65f6\u5230\u671f\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u671f\u6743\u7684\u5230\u671f\u65e5\u5728\u5408\u7ea6\u521b\u5efa\u65f6\u5c31\u5df2\u9884\u5148\u786e\u5b9a\u3002\u4f20\u7edf\u671f\u6743\u5e02\u573a\u9075\u5faa\u65e2\u5b9a\u7684\u6bcf\u5468\u3001\u6bcf\u6708\u6216\u6bcf\u5b63\u5ea6\u5230\u671f\u5468\u671f\uff0c\u800c\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5408\u7ea6\u5f80\u5f80\u63d0\u4f9b\u66f4\u591a\u9009\u62e9\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5230\u671f<\/span><\/h3>\n<p><span dir=\"auto\">\u5728\u4f20\u7edf\u7684\u671f\u6743\u5e02\u573a\u4e2d\uff0c\u5178\u578b\u7684\u671f\u6743\u5230\u671f\u65e5\u5468\u671f\u5982\u4e0b\u3002<\/span><\/p>\n<ul>\n<li><span dir=\"auto\">\u6bcf\u5468\u671f\u6743\u6bcf\u5468\u4e94\u5230\u671f\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u6bcf\u6708\u671f\u6743\u4e8e\u6bcf\u6708\u7684\u7b2c\u4e09\u4e2a\u661f\u671f\u4e94\u5230\u671f\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5b63\u5ea6\u671f\u6743\u9075\u5faa\u65e5\u5386\u5b63\u5ea6\uff0c\u5206\u522b\u4e8e\u4e09\u6708\u3001\u516d\u6708\u3001\u4e5d\u6708\u548c\u5341\u4e8c\u6708\u5230\u671f\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u5728\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\uff0c\u671f\u6743\u7684\u5230\u671f\u5468\u671f\u53ef\u80fd\u7c7b\u4f3c\uff0c\u4f46\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u6240\u901a\u5e38\u63d0\u4f9b\u66f4\u5927\u7684\u7075\u6d3b\u6027\u3002\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u53ef\u80fd\u4f1a\u63d0\u4f9b\u66f4\u77ed\u7684\u5230\u671f\u671f\u9650\uff0c\u4f8b\u5982\u6bcf\u65e5\u5230\u671f\uff0c\u8ba9\u4ea4\u6613\u8005\u80fd\u591f\u5229\u7528\u5e02\u573a\u66f4\u9ad8\u7684\u6ce2\u52a8\u6027\u3002\u50cf OKX \u8fd9\u6837\u7684\u70ed\u95e8\u671f\u6743\u4ea4\u6613\u5e73\u53f0\u63d0\u4f9b\u51e0\u5929\u6216\u51e0\u4e2a\u6708\u5230\u671f\u7684\u5408\u7ea6\uff0c\u4ee5\u6ee1\u8db3\u77ed\u671f\u548c\u957f\u671f\u4ea4\u6613\u8005\u7684\u9700\u6c42\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u60f3\u4e86\u89e3\u66f4\u591a\u5173\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5408\u7ea6\u7684\u4fe1\u606f\u5417\uff1f\u67e5\u770b\u6211\u4eec\u5404\u79cd<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/help\/vii-introduction-to-options-expiration-dates\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u671f\u6743\u5408\u7ea6\u7684\u5230\u671f\u65e5\u671f<\/span><\/a><span dir=\"auto\">\u3002<\/span><\/p>\n<h2 id=\"5\"><span dir=\"auto\">\u5373\u5c06\u5230\u671f\u5bf9\u671f\u6743\u6ea2\u4ef7\u7684\u5f71\u54cd<\/span><\/h2>\n<p><span dir=\"auto\">\u5f53\u671f\u6743\u63a5\u8fd1\u5230\u671f\u65e5\u65f6\uff0c\u5408\u7ea6\u4ef7\u503c\u4f1a\u53d7\u5230\u591a\u79cd\u56e0\u7d20\u7684\u5f71\u54cd\uff0c\u5176\u4e2d\u6700\u91cd\u8981\u7684\u662f\u671f\u6743\u5e0c\u814a\u503c\uff0c\u5373 Theta \u548c Gamma\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u4e86\u89e3\u65f6\u95f4\u8870\u51cf\uff08theta\uff09<\/span><\/h3>\n<p><span dir=\"auto\">\u65f6\u95f4\u8870\u51cf\u7cfb\u6570\uff08\u4e5f\u79f0\u4e3a Theta \u7cfb\u6570\uff09\u6307\u7684\u662f\u671f\u6743\u4ef7\u503c\u5728\u63a5\u8fd1\u5230\u671f\u65e5\u65f6\u53d7\u5230\u7684\u4fb5\u8680\u3002Theta \u7cfb\u6570\u901a\u5e38\u4e3a\u8d1f\u6570\uff0c\u5b83\u4f1a\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u4ece\u671f\u6743\u603b\u6ea2\u4ef7\u4e2d\u6263\u9664\u3002\u7531\u4e8e\u671f\u6743\u6709\u5230\u671f\u65e5\uff0c\u5176\u4ef7\u503c\u5b9e\u9645\u4e0a\u4f1a\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u800c\u4e0b\u964d\u3002\u8fd9\u662f\u6709\u9053\u7406\u7684\uff0c\u56e0\u4e3a\u4ef7\u683c\u5927\u5e45\u4e0a\u6da8\u7684\u53ef\u80fd\u6027\u4f1a\u9010\u6e10\u51cf\u5c11\u3002\u5bf9\u4e8e\u4ef7\u5916\u671f\u6743\u5c24\u5176\u5982\u6b64\uff0c\u968f\u7740\u8fbe\u5230\u671f\u6743\u6267\u884c\u4ef7\u683c\u7684\u53ef\u80fd\u6027\u964d\u4f4e\uff0c\u5176\u4ef7\u503c\u4e5f\u4f1a\u968f\u4e4b\u964d\u4f4e\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4f8b\u5982\uff0c\u5982\u679c\u60a8\u6301\u6709 OTM \u770b\u6da8\u671f\u6743\uff0c\u4ee5 70,000 \u7f8e\u5143\u7684\u4ef7\u683c\u8d2d\u4e70\u6bd4\u7279\u5e01\uff0c\u4f46\u6bd4\u7279\u5e01\u5728\u5230\u671f\u524d\u4e00\u5468\u7684\u4ea4\u6613\u4ef7\u683c\u4e3a 62,000 \u7f8e\u5143\uff0c\u90a3\u4e48\u968f\u7740\u6bd4\u7279\u5e01\u8fbe\u5230\u6216\u8d85\u8fc7\u6267\u884c\u4ef7\u683c\u7684\u65f6\u95f4\u6240\u5269\u65e0\u51e0\uff0c\u671f\u6743\u7684\u4ef7\u503c\u5c06\u8fc5\u901f\u4e0b\u964d\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u4e86\u89e3\u4f3d\u9a6c<\/span><\/h3>\n<p><span dir=\"auto\">\u4f5c\u4e3a\u4e8c\u9636\u671f\u6743\u5e0c\u814a\u5b57\u6bcd\uff0cGamma \u8861\u91cf\u7684\u662f\u671f\u6743\u7684\u4ef7\u683c\u654f\u611f\u5ea6\uff08Delta\uff09\u968f\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u53d8\u52a8\u7684\u53d8\u5316\u7a0b\u5ea6\u3002\u53ef\u4ee5\u5c06 Gamma \u89c6\u4e3a Delta \u7684\u52a0\u901f\u5668\uff1a\u671f\u6743\u8d8a\u63a5\u8fd1\u884c\u6743\u4ef7\uff0c\u5176\u5bf9\u6807\u7684\u8d44\u4ea7\u7684\u7ec6\u5fae\u6ce2\u52a8\u5c31\u8d8a\u654f\u611f\u3002\u56e0\u6b64\uff0c\u7406\u89e3 Gamma \u81f3\u5173\u91cd\u8981\uff0c\u5c24\u5176\u662f\u5728\u50cf\u52a0\u5bc6\u8d27\u5e01\u8fd9\u6837\u6ce2\u52a8\u5267\u70c8\u7684\u5e02\u573a\u4e2d\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u897f\u5854\u548c\u4f3d\u9a6c\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528<\/span><\/h3>\n<p><span dir=\"auto\">\u867d\u7136Theta\u503c\u4f1a\u5bf9\u671f\u6743\u4ef7\u503c\u4ea7\u751f\u4e0d\u5229\u5f71\u54cd\uff0c\u4f46Gamma\u503c\u6709\u65f6\u53ef\u4ee5\u62b5\u6d88\u8fd9\u79cd\u8870\u51cf\u3002\u5982\u679c\u6807\u7684\u8d44\u4ea7\u4ef7\u683c\u5927\u5e45\u671d\u7740\u6709\u5229\u4e8e\u671f\u6743\u7684\u65b9\u5411\u6ce2\u52a8\uff0cGamma\u503c\u5bfc\u81f4\u7684Delta\u503c\u589e\u52a0\u53ef\u80fd\u4f1a\u8d85\u8fc7\u65f6\u95f4\u8870\u51cf\u7684\u5f71\u54cd\u3002\u7136\u800c\uff0c\u968f\u7740\u5230\u671f\u65e5\u7684\u4e34\u8fd1\uff0cTheta\u503c\u548cGamma\u503c\u90fd\u4f1a\u4e0a\u5347\uff0c\u4ece\u800c\u9020\u6210\u4e00\u79cd\u6ce2\u52a8\u6027\u5c40\u9762\uff0c\u671f\u6743\u4ef7\u503c\u53ef\u80fd\u4f1a\u6839\u636e\u6807\u7684\u8d44\u4ea7\u7684\u4ef7\u683c\u8d70\u52bf\u800c\u5feb\u901f\u6ce2\u52a8\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u603b\u4f53\u800c\u8a00\uff0c\u5373\u5c06\u5230\u671f\u7684\u671f\u6743\u6ea2\u4ef7\u4e3b\u8981\u53d7Theta\u548cGamma\u7684\u5f71\u54cd\u3002\u4e86\u89e3\u8fd9\u4e9b\u671f\u6743\u5e0c\u814a\u5b57\u6bcd\u5bf9\u4e8e\u7ba1\u7406\u98ce\u9669\u548c\u5728\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u4e2d\u505a\u51fa\u660e\u667a\u7684\u51b3\u7b56\u81f3\u5173\u91cd\u8981\uff0c\u5c24\u5176\u662f\u5728\u671f\u6743\u63a5\u8fd1\u5230\u671f\u65e5\u5e76\u9762\u4e34\u5230\u671f\u4f5c\u5e9f\u98ce\u9669\u7684\u60c5\u51b5\u4e0b\u3002\u5bf9\u4e8e\u7ecf\u9a8c\u4e30\u5bcc\u7684\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u6765\u8bf4\uff0c\u4e86\u89e3\u6ce2\u52a8\u7387\u503e\u659c\u3001<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/what-is-implied-volatility-iv-crypto-option-premiums\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u9690\u542b\u6ce2\u52a8\u7387<\/span><\/a><span dir=\"auto\">\u7b49\u9ad8\u7ea7\u6982\u5ff5\u4ee5\u53ca\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u7b56\u7565\u7684\u4f7f\u7528\uff0c\u53ef\u4ee5\u8fdb\u4e00\u6b65\u63d0\u5347\u4ea4\u6613\u8005\u7ba1\u7406\u98ce\u9669\u548c\u83b7\u53d6\u6f5c\u5728\u6536\u76ca\u7684\u80fd\u529b\u3002<\/span><\/p>\n<h2 id=\"6\"><span dir=\"auto\">\u5230\u671f\u540e\u4f1a\u53d1\u751f\u4ec0\u4e48\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u5230\u671f\u65e5\u5bf9\u671f\u6743\u4ea4\u6613\u8005\u6765\u8bf4\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u51b3\u5b9a\u4e86\u5408\u7ea6\u7684\u547d\u8fd0\u3002\u4ee5\u4e0b\u662f\u5230\u671f\u65e5\u53ef\u80fd\u53d1\u751f\u7684\u60c5\u51b5\uff1a<\/span><\/p>\n<h3><span dir=\"auto\">\u4ef7\u5185\u671f\u6743<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u679c\u671f\u6743\u5230\u671f\u65f6\u5904\u4e8e\u201c\u884c\u6743\u4ef7\u201d\uff08ITM\uff09\uff0c\u5373\u884c\u6743\u4ef7\u4f18\u4e8e\u8d44\u4ea7\u7684\u6700\u540e\u4ea4\u6613\u4ef7\uff0c\u5219\u671f\u6743\u6301\u6709\u4eba\u53ef\u4ee5\u9009\u62e9\u884c\u4f7f\u5408\u7ea6\u3002\u5bf9\u4e8e\u770b\u6da8\u671f\u6743\uff0c\u8fd9\u610f\u5473\u7740\u4ee5\u7ea6\u5b9a\u7684\u884c\u6743\u4ef7\u4e70\u5165\u6807\u7684\u8d44\u4ea7\u3002\u5bf9\u4e8e\u770b\u8dcc\u671f\u6743\uff0c\u8fd9\u610f\u5473\u7740\u4ee5\u7ea6\u5b9a\u7684\u884c\u6743\u4ef7\u5356\u51fa\u8d44\u4ea7\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u4ef7\u5916\u671f\u6743<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u679c\u770b\u6da8\u671f\u6743\u5230\u671f\u65f6\u4e3a\u4ef7\u5916\u671f\u6743 (OTM)\uff0c\u5219\u610f\u5473\u7740\u770b\u6da8\u671f\u6743\u5408\u7ea6\u7684\u884c\u6743\u4ef7\u9ad8\u4e8e\u6700\u65b0\u4ea4\u6613\u4ef7\u3002\u5982\u679c\u770b\u8dcc\u671f\u6743\u5230\u671f\u65f6\u4e3a\u4ef7\u5916\u671f\u6743 (OTM)\uff0c\u5219\u610f\u5473\u7740\u770b\u8dcc\u671f\u6743\u5408\u7ea6\u7684\u884c\u6743\u4ef7\u4f4e\u4e8e\u52a0\u5bc6\u8d44\u4ea7\u7684\u6700\u65b0\u4ea4\u6613\u4ef7\u3002\u8fd9\u610f\u5473\u7740\uff0cOTM \u671f\u6743\u5230\u671f\u65f6\u5c06\u6beb\u65e0\u4ef7\u503c\uff0c\u56e0\u4e3a\u671f\u6743\u6301\u6709\u4eba\u5c06\u65e0\u6cd5\u884c\u4f7f\u4e70\u5356\u6807\u7684\u8d44\u4ea7\u7684\u6743\u5229\u3002<\/span><\/p>\n<h2 id=\"7\"><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5230\u671f\u65e5\u4e0e\u4f20\u7edf\u671f\u6743\u5230\u671f\u65e5\u5bf9\u6bd4<\/span><\/h2>\n<p><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4e0e\u4f20\u7edf\u80a1\u7968\u671f\u6743\u5728\u5230\u671f\u5904\u7406\u65b9\u5f0f\u4e0a\u7565\u6709\u4e0d\u540c\u3002\u8fd9\u4e9b\u5dee\u5f02\u4e3b\u8981\u6e90\u4e8e\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u6ce2\u52a8\u6027\u4ee5\u53ca\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u884d\u751f\u54c1\u4ea4\u6613\u7684\u57fa\u7840\u8bbe\u65bd\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u6ce2\u52a8\u6027\u548c\u5230\u671f\u65e5<\/span><\/h3>\n<p><span dir=\"auto\">\u5176\u4e2d\u4e00\u4e2a\u5173\u952e\u533a\u522b\u5728\u4e8e\uff0c\u6211\u4eec\u9700\u8981\u8003\u8651\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u65e5\u76ca\u589e\u5f3a\u7684\u6ce2\u52a8\u6027\u3002\u5728\u50cf\u52a0\u5bc6\u8d27\u5e01\u8fd9\u6837\u6ce2\u52a8\u6027\u6781\u5f3a\u7684\u5e02\u573a\u4e2d\uff0c\u671f\u6743\u7684\u4ef7\u503c\u5728\u5230\u671f\u524d\u7684\u51e0\u4e2a\u5c0f\u65f6\u5185\u53ef\u80fd\u4f1a\u5927\u5e45\u6ce2\u52a8\u3002\u6bd4\u7279\u5e01\u671f\u6743\u53ef\u80fd\u5728\u4e0a\u5348\u662f\u4ef7\u5916\uff08OTM\uff09\uff0c\u4f46\u5230\u4e86\u4e0b\u5348\u5c31\u53d8\u6210\u4e86\u4ef7\u5185\uff08ITM\uff09\uff0c\u8fd9\u7eaf\u7cb9\u662f\u56e0\u4e3a\u8fd9\u4e2a\u5e02\u573a\u4e2d\u4ef7\u683c\u6ce2\u52a8\u5267\u70c8\u3002\u56e0\u6b64\uff0c\u4ea4\u6613\u8005\u5728\u5236\u5b9a\u5230\u671f\u7b56\u7565\u65f6\uff0c\u9700\u8981\u5c06\u8fd9\u4e9b\u7a81\u7136\u7684\u4ef7\u683c\u6ce2\u52a8\u8003\u8651\u5728\u5185\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u7ed3\u7b97\u6d41\u7a0b<\/span><\/h3>\n<p><span dir=\"auto\">\u5728\u4f20\u7edf\u671f\u6743\u4e2d\uff0c\u5927\u591a\u6570\u5408\u7ea6\u90fd\u4ee5\u5b9e\u7269\u7ed3\u7b97\uff0c\u8fd9\u610f\u5473\u7740\u671f\u6743\u5408\u7ea6\u7684\u4e70\u65b9\u4f1a\u6536\u5230\u6807\u7684\u8d44\u4ea7\u3002\u800c OKX \u7684\u671f\u6743\u5219\u4ee5\u73b0\u91d1\u7ed3\u7b97\uff0c\u5373\u6301\u6709\u5b9e\u7269\u671f\u6743\u7684\u4ea4\u6613\u8005\u5728\u5230\u671f\u65f6\u5c06\u6536\u5230\u4e0e\u8d44\u4ea7\u5dee\u4ef7\u7b49\u503c\u7684\u73b0\u91d1\uff0c\u800c\u975e\u8d44\u4ea7\u672c\u8eab\u3002<\/span><\/p>\n<h2 id=\"8\"><span dir=\"auto\">\u5982\u4f55\u7ba1\u7406\u5230\u671f\u671f\u6743<\/span><\/h2>\n<p><span dir=\"auto\">\u5bf9\u4e8e\u4efb\u4f55\u671f\u6743\u4ea4\u6613\u8005\u6765\u8bf4\uff0c\u5728\u671f\u6743\u5408\u7ea6\u5230\u671f\u524d\u7ba1\u7406\u671f\u6743\u5408\u7ea6\u81f3\u5173\u91cd\u8981\u3002\u4ee5\u4e0b\u662f\u4e00\u4e9b\u5728\u5904\u7406\u5373\u5c06\u5230\u671f\u7684\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u65f6\u53ef\u4ee5\u8003\u8651\u7684\u7b56\u7565\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u884c\u4f7f\u9009\u62e9\u6743<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u679c\u671f\u6743\u662f\u4ef7\u5185\u671f\u6743\uff0c\u4e14\u7279\u5b9a\u671f\u6743\u5408\u7ea6\u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/bitcoin-bid-ask-price-guide\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u4e70\u5356<\/span><\/a><span dir=\"auto\">\u4ef7\u5dee\u8f83\u5927\uff0c\u4e14\u60a8\u65e0\u6cd5\u83b7\u5f97\u516c\u5e73\u4ef7\u683c\uff0c\u90a3\u4e48\u884c\u4f7f\u4ef7\u5185\u671f\u6743\u53ef\u80fd\u66f4\u5177\u76c8\u5229\u80fd\u529b\u3002\u5bf9\u4e8e\u770b\u6da8\u671f\u6743\uff0c\u8fd9\u610f\u5473\u7740\u4ee5\u786e\u5b9a\u7684\u6267\u884c\u4ef7\u683c\u4e70\u5165\u6807\u7684\u8d44\u4ea7\uff1b\u800c\u5bf9\u4e8e\u52a0\u5bc6\u8d27\u5e01\u770b\u8dcc\u671f\u6743\uff0c\u8fd9\u610f\u5473\u7740\u4ee5\u7ea6\u5b9a\u7684\u6267\u884c\u4ef7\u683c\u5356\u51fa\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u6eda\u52a8\u52a0\u5bc6\u9009\u9879<\/span><\/h3>\n<p><span dir=\"auto\">\u53e6\u4e00\u79cd\u7b56\u7565\u662f\u5c06\u671f\u6743\u5c55\u671f\u3002\u8fd9\u9700\u8981\u5e73\u4ed3\u5f53\u524d\u4ed3\u4f4d\uff0c\u5e76\u5f00\u7acb\u4e00\u4e2a\u5230\u671f\u65e5\u8f83\u665a\u7684\u65b0\u4ed3\u4f4d\u3002\u5c55\u671f\u53ef\u4ee5\u5e2e\u52a9\u89c4\u907f\u539f\u59cb\u5408\u7ea6\u7684\u65f6\u95f4\u9650\u5236\uff0c\u540c\u65f6\u4fdd\u6301\u8d44\u4ea7\u655e\u53e3\u3002\u5bf9\u4e8e\u6301\u6709\u770b\u6da8\u671f\u6743\u6216\u770b\u8dcc\u671f\u6743\u7a7a\u5934\u4ed3\u4f4d\u7684\u671f\u6743\u5408\u7ea6\u7acb\u6743\u4eba\u6765\u8bf4\uff0c\u8fd9\u79cd\u5c55\u671f\u64cd\u4f5c\u975e\u5e38\u7406\u60f3\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u8ba9\u52a0\u5bc6\u9009\u9879\u8fc7\u671f<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u679c\u671f\u6743\u662f\u4ef7\u5916\u671f\u6743 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dir=\"auto\">\u968f\u7740\u5230\u671f\u65e5\u4e34\u8fd1\uff0c\u4ea4\u6613\u8005\u5e94\u8be5\u6ce8\u610f\u4e00\u4e9b\u9677\u9631\u3002\u4ee5\u4e0b\u662f\u4e00\u4e9b\u9700\u8981\u6ce8\u610f\u7684\u4e8b\u9879\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u5ffd\u7565\u65f6\u95f4\u8870\u51cf<\/span><\/h3>\n<p><span dir=\"auto\">\u9057\u61be\u7684\u662f\uff0c\u7531\u4e8e\u671f\u6743\u4ea4\u6613\u8005\u6709\u65f6\u4f1a\u91c7\u53d6\u201c\u6301\u6709\u5e76\u7b49\u5f85\u201d\u7684\u7b56\u7565\uff0cTheta \u503c\u7ecf\u5e38\u88ab\u4f4e\u4f30\u3002\u4ed6\u4eec\u4e2d\u7684\u8bb8\u591a\u4eba\u53ea\u662f\u7b49\u5f85\u592a\u4e45\u624d\u505a\u51fa\u51b3\u5b9a\uff0c\u7ed3\u679c\u5374\u53d1\u73b0\u671f\u6743\u5408\u7ea6\u7684\u4ef7\u503c\u968f\u7740\u5230\u671f\u65e5\u7684\u4e34\u8fd1\u800c\u5927\u5e45\u7f29\u6c34\u3002\u5bf9\u4e8e\u4ea4\u6613\u65e5\u5c11\u4e8e 30 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dir=\"auto\">\u7531\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u662f\u4e00\u79cd\u6760\u6746\u4ea4\u6613\uff0c\u5982\u679c\u98ce\u9669\u6ca1\u6709\u5f97\u5230\u59a5\u5584\u63a7\u5236\uff0c\u53ef\u80fd\u4f1a\u9020\u6210\u8fc7\u9ad8\u7684\u635f\u5931\u3002\u7531\u4e8e\u671f\u6743\u5230\u671f\u4f5c\u5e9f\uff0c\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u5f80\u5f80\u4f1a\u906d\u53d7\u635f\u5931\uff0c\u800c\u6ca1\u6709\u8003\u8651\u5c55\u671f\u6216\u5e73\u4ed3\u7b49\u5176\u4ed6\u7b56\u7565\u3002<\/span><\/p>\n<h3><span dir=\"auto\">\u7f3a\u4e4f\u89c4\u5212<\/span><\/h3>\n<p><span dir=\"auto\">\u7531\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5e02\u573a\u6ce2\u52a8\u5267\u70c8\uff0c\u5230\u671f\u65e5\u53ef\u80fd\u4f1a\u6084\u6084\u5230\u6765\uff0c\u7a0d\u6709\u4e0d\u6ce8\u610f\u7684\u4ea4\u6613\u8005\u53ef\u80fd\u4f1a\u63aa\u624b\u4e0d\u53ca\u3002\u56e0\u6b64\uff0c\u52a1\u5fc5\u5bc6\u5207\u5173\u6ce8\u8fd9\u4e9b\u65e5\u671f\uff0c\u4ee5\u514d\u9519\u8fc7\u6240\u6709\u91cd\u8981\u7684\u622a\u6b62\u65e5\u671f\u3002<\/span><\/p>\n<h2 id=\"10\"><span dir=\"auto\">\u7ed3\u8bed\u548c\u540e\u7eed\u6b65\u9aa4<\/span><\/h2>\n<p><span dir=\"auto\">\u671f\u6743\u5230\u671f\u65e5\u662f\u4ea4\u6613\u7684\u4e00\u4e2a\u57fa\u672c\u65b9\u9762\uff0c\u6bcf\u4e2a\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u90fd\u5fc5\u987b\u5145\u5206\u4e86\u89e3\u3002\u5728\u6ce2\u52a8\u6027\u666e\u904d\u5b58\u5728\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4e2d\uff0c\u8fd9\u4e9b\u65e5\u671f\u7684\u91cd\u8981\u6027\u66f4\u52a0\u51f8\u663e\u3002\u901a\u8fc7\u7406\u89e3\u5230\u671f\u65e5\u7684\u8fd0\u4f5c\u65b9\u5f0f\uff0c\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u8005\u53ef\u4ee5\u66f4\u6709\u6548\u5730\u7ba1\u7406\u4ed3\u4f4d\uff0c\u907f\u514d\u5e38\u89c1\u7684\u9677\u9631\uff0c\u5e76\u505a\u51fa\u66f4\u660e\u667a\u7684\u51b3\u7b56\uff0c\u4ee5\u5b9e\u73b0\u5176\u957f\u671f\u4ea4\u6613\u76ee\u6807\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u6709\u5174\u8da3\u4e86\u89e3\u66f4\u591a\u5173\u4e8e\u4e0e\u6211\u4eec\u8fdb\u884c\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u4ea4\u6613\u7684\u4fe1\u606f\u5417\uff1f\u60a8\u53ef\u4ee5\u5728\u6211\u4eec<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/help\/i-okx-options-introduction\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u5173\u4e8e OKX \u671f\u6743\u7684\u4ecb\u7ecd<\/span><\/a><span dir=\"auto\">\u4e2d\u627e\u5230\u6240\u6709\u76f8\u5173\u7684\u5408\u7ea6\u89c4\u8303\u3002\u6b64\u5916\uff0c\u5982\u679c\u60a8\u60f3\u4e86\u89e3\u66f4\u591a\u5173\u4e8e\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u57fa\u7840\u77e5\u8bc6\u7684\u6df1\u5165\u63d0\u793a\uff0c\u8bf7\u9605\u8bfb\u6211\u4eec\u7684<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/multi-leg-crypto-option-strategies\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u591a\u817f\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u7b56\u7565<\/span><\/a><span dir=\"auto\">\u6307\u5357\u4ee5\u53ca<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/how-to-hedge-crypto-options\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u5982\u4f55\u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u8fdb\u884c\u5bf9\u51b2<\/span><\/a><span dir=\"auto\">\u3002<\/span><\/p>\n<h2 id=\"11\" class=\"index_header__NNzgI\"><span dir=\"auto\">\u5e38\u89c1\u95ee\u9898\u89e3\u7b54<\/span><\/h2>\n<div>\n<div class=\"academy academy-accordion index_item__gQUyy\">\n<div id=\":R6ir:-header\" class=\"academy-accordion-header academy-accordion-header-expanded index_contentHeader__DWIme academy-a11y-button\" role=\"button\" aria-controls=\":R6ir:-content\" aria-expanded=\"true\">\n<div class=\"academy-accordion-header-title index_contentTitle__+kG3g\"><span dir=\"auto\">\u52a0\u5bc6\u671f\u6743\u5230\u671f\u540e\u4f1a\u53d1\u751f\u4ec0\u4e48\uff1f<\/span><\/div>\n<p><i class=\"icon iconfont okds-arrow-chevron-down-sm academy-accordion-header-icon academy-accordion-header-icon-expanded index_iconArrow__HE2lN index_custom__EbXt5\" aria-hidden=\"true\"><\/i><\/div>\n<div id=\":R6ir:-content\" class=\"academy-accordion-content academy-accordion-content-expanded index_content__Zi13z\" role=\"region\" aria-labelledby=\":R6ir:-header\">\n<p><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u671f\u6743\u5230\u671f\u65f6\uff0c\u8981\u4e48\u88ab\u884c\u6743\uff0c\u8981\u4e48\u5931\u6548\u3002\u5982\u679c\u671f\u6743\u5904\u4e8e\u4ef7\u5185\u72b6\u6001\uff0c\u5219\u53ef\u4ee5\u884c\u6743\uff0c\u901a\u5e38\u4f1a\u5bfc\u81f4\u73b0\u91d1\u7ed3\u7b97\u3002\u5982\u679c\u671f\u6743\u5904\u4e8e\u4ef7\u5916\u72b6\u6001\uff0c\u5219\u5931\u6548\u3002<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"academy academy-accordion index_item__gQUyy\">\n<div id=\":Rair:-header\" class=\"academy-accordion-header academy-accordion-header-expanded index_contentHeader__DWIme academy-a11y-button\" role=\"button\" aria-controls=\":Rair:-content\" aria-expanded=\"true\">\n<div class=\"academy-accordion-header-title index_contentTitle__+kG3g\"><span dir=\"auto\">\u5230\u671f\u65e5\u4e4b\u540e\u6211\u53ef\u4ee5\u4ea4\u6613\u671f\u6743\u5417\uff1f<\/span><\/div>\n<p><i class=\"icon iconfont okds-arrow-chevron-down-sm academy-accordion-header-icon academy-accordion-header-icon-expanded index_iconArrow__HE2lN index_custom__EbXt5\" aria-hidden=\"true\"><\/i><\/div>\n<div id=\":Rair:-content\" class=\"academy-accordion-content academy-accordion-content-expanded index_content__Zi13z\" role=\"region\" aria-labelledby=\":Rair:-header\">\n<p><span dir=\"auto\">\u4e00\u65e6\u5230\u671f\uff0c\u671f\u6743\u5408\u7ea6\u5c06\u5931\u6548\u4e14\u4e0d\u53ef\u4ea4\u6613\u3002\u56e0\u6b64\uff0c\u6240\u6709\u64cd\u4f5c\u5fc5\u987b\u5728\u5230\u671f\u65e5\u6216\u5230\u671f\u65e5\u4e4b\u524d\u8fdb\u884c\u3002<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"academy academy-accordion index_item__gQUyy\">\n<div id=\":Reir:-header\" class=\"academy-accordion-header academy-accordion-header-expanded index_contentHeader__DWIme academy-a11y-button\" role=\"button\" aria-controls=\":Reir:-content\" aria-expanded=\"true\">\n<div class=\"academy-accordion-header-title index_contentTitle__+kG3g\"><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u6ce2\u52a8\u5982\u4f55\u5f71\u54cd\u671f\u6743\u5230\u671f\uff1f<\/span><\/div>\n<p><i class=\"icon iconfont okds-arrow-chevron-down-sm academy-accordion-header-icon academy-accordion-header-icon-expanded index_iconArrow__HE2lN index_custom__EbXt5\" aria-hidden=\"true\"><\/i><\/div>\n<div id=\":Reir:-content\" class=\"academy-accordion-content academy-accordion-content-expanded index_content__Zi13z\" role=\"region\" aria-labelledby=\":Reir:-header\">\n<p><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u9ad8\u6ce2\u52a8\u6027\u53ef\u80fd\u5bfc\u81f4\u4ef7\u683c\u5267\u70c8\u6ce2\u52a8\uff0c\u5f71\u54cd\u671f\u6743\u5728\u63a5\u8fd1\u5230\u671f\u65e5\u65f6\u5904\u4e8e\u4ef7\u5185\u6216\u4ef7\u5916\u72b6\u6001\u7684\u53ef\u80fd\u6027\u3002\u4e3a\u4e86\u7ba1\u7406\u8fd9\u79cd\u6ce2\u52a8\u6027\uff0c\u4ea4\u6613\u8005\u53ef\u4ee5\u4f7f\u7528<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/crypto-options-trading-strategy-introduction-to-the-long-straddle\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u8de8\u5f0f\u671f\u6743<\/span><\/a><span dir=\"auto\">\u6216<\/span><a class=\"academy academy-powerLink-a11y academy-powerLink\" href=\"https:\/\/www.okx.com\/learn\/strangle-explained\" target=\"_blank\" rel=\"noopener noreferrer\"><span dir=\"auto\">\u52d2\u5f0f\u671f\u6743<\/span><\/a><span dir=\"auto\">\u7b49\u5bf9\u51b2\u7b56\u7565\uff0c\u8fd9\u4e9b\u7b56\u7565\u4f7f\u4ed6\u4eec\u80fd\u591f\u4ece\u4ef7\u683c\u7684\u5927\u5e45\u6ce2\u52a8\u4e2d\u83b7\u5229\u3002<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"academy academy-accordion index_item__gQUyy\">\n<div id=\":Riir:-header\" class=\"academy-accordion-header academy-accordion-header-expanded index_contentHeader__DWIme academy-a11y-button\" role=\"button\" aria-controls=\":Riir:-content\" aria-expanded=\"true\">\n<div class=\"academy-accordion-header-title index_contentTitle__+kG3g\"><span dir=\"auto\">\u6240\u6709\u52a0\u5bc6\u671f\u6743\u662f\u5426\u90fd\u4e0e\u4f20\u7edf\u671f\u6743\u540c\u65f6\u5230\u671f\uff1f<\/span><\/div>\n<p><i class=\"icon iconfont okds-arrow-chevron-down-sm academy-accordion-header-icon academy-accordion-header-icon-expanded 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