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<\/p>\n<p>\u4ece\u5e02\u573a\u89c2\u5bdf\uff0c\u7f8e\u5143\u5151\u65e5\u5143\u5728162.50\u9644\u8fd1\u4ea4\u6613\uff0c\u5ef6\u7eed\u4e862025\u5e74\u4ee5\u6765\u7684\u8d8b\u52bf\u3002\u5c3d\u7ba1\u5e02\u573a\u8bb0\u5f97\u65e5\u672c\u8d22\u52a1\u7701\u5f53\u5e74\u7684\u5916\u6c47\u5e72\u9884\uff08\u5b98\u65b9\u5165\u5e02\u4e70\u5356\u5916\u6c47\u4ee5\u5f71\u54cd\u6c47\u7387\uff09\uff0c\u4f46\u6548\u679c\u901a\u5e38\u77ed\u6682\u3002\u53ea\u8981\u5229\u5dee\u4ecd\u7136\u5f88\u5927\uff0c\u65e5\u5143\u7684\u6839\u672c\u6027\u75b2\u5f31\u5c31\u96be\u4ee5\u626d\u8f6c\u3002  <\/p>\n<p>\u4e2d\u4e1c\u51b2\u7a81\u8ba9\u5c40\u52bf\u66f4\u590d\u6742\uff0c\u63a8\u52a8\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent\uff1a\u56fd\u9645\u6cb9\u4ef7\u57fa\u51c6\u4e4b\u4e00\uff09\u5347\u81f3\u6bcf\u687695\u7f8e\u5143\u4ee5\u4e0a\u3002\u8fd9\u4f1a\u538b\u4f4e\u65e5\u672c\u7ecf\u6d4e\u8868\u73b0\uff0c\u4f46\u4e5f\u5e26\u6765\u66f4\u9ad8\u901a\u80c0\u98ce\u9669\uff0c\u6b63\u5982\u690d\u7530\u6240\u8bf4\u3002\u8fd9\u79cd\u4e0d\u786e\u5b9a\u6027\u610f\u5473\u7740\uff0c\u65e5\u5143\u671f\u6743\u7684\u201c\u9690\u542b\u6ce2\u52a8\u7387\u201d\uff08implied volatility\uff1a\u4ece\u671f\u6743\u4ef7\u683c\u53cd\u63a8\u7684\u5e02\u573a\u9884\u671f\u6ce2\u52a8\u5e45\u5ea6\uff09\u4ea4\u6613\u53ef\u80fd\u66f4\u5177\u5438\u5f15\u529b\u3002  <\/p>\n<p>\u5bf9\u884d\u751f\u54c1\u4ea4\u6613\u5458\u800c\u8a00\uff08\u884d\u751f\u54c1\uff1a\u4ef7\u503c\u6765\u81ea\u6c47\u7387\u3001\u5229\u7387\u7b49\u6807\u7684\u4ef7\u683c\u7684\u5408\u7ea6\uff0c\u5982\u671f\u6743\u3001\u671f\u8d27\uff09\uff0c\u5f53\u524d\u73af\u5883\u5f3a\u5316\u4e86\u4e70\u5165\u7f8e\u5143\u5151\u65e5\u5143\u770b\u6da8\u671f\u6743\uff08call option\uff1a\u652f\u4ed8\u6743\u5229\u91d1\u540e\uff0c\u672a\u6765\u6309\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u7f8e\u5143\/\u5356\u51fa\u65e5\u5143\u7684\u6743\u5229\uff09\u7684\u5438\u5f15\u529b\u3002\u8be5\u7b56\u7565\u53ef\u5728\u65e5\u5143\u8fdb\u4e00\u6b65\u8d2c\u503c\u65f6\u83b7\u5229\uff0c\u540c\u65f6\u628a\u6700\u5927\u4e8f\u635f\u9650\u5236\u5728\u671f\u6743\u6743\u5229\u91d1\u3002\u8003\u8651\u5230\u65e5\u672c\u592e\u884c\u8282\u594f\u504f\u6162\uff0c3\u52306\u4e2a\u6708\u5230\u671f\u7684\u5408\u7ea6\u53ef\u80fd\u66f4\u5408\u9002\u3002  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