[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioc7f80589":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioc7f80589","微软废了！空头占据压倒性优势：上亿美元级别看跌期权Put $MSFT","\u002Fdoc\u002Fdcioc7f80589","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">看涨\u003C\u002Fspan> vs \u003Cspan style=\"font-family: DengXian;\">看跌（左图）：\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">看空资金（做空）占比高达\u003C\u002Fspan> 79.25%\u003Cspan style=\"font-family: DengXian;\">，投入总权利金为\u003C\u002Fspan> 246.36M\u003Cspan style=\"font-family: DengXian;\">（\u003C\u002Fspan>2.46\u003Cspan style=\"font-family: DengXian;\">亿美元）。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">看多资金（做多）仅占\u003C\u002Fspan> 20.75%\u003Cspan style=\"font-family: DengXian;\">，权利金为\u003C\u002Fspan> 64.51M\u003Cspan style=\"font-family: DengXian;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">净看跌资金达到\u003C\u002Fspan> -181.85M\u003Cspan style=\"font-family: DengXian;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">\u003Cimg src=\"\u002Fimages\u002FYear\u002F2026\u002F06\u002F2026微软看跌期权.jpg\" width=\"720\" height=\"853\" alt=\"2026微软看跌期权\" style=\"display: block; margin-left: auto; margin-right: auto;\" \u002F>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">CALL vs PUT\u003Cspan style=\"font-family: DengXian;\">（右图）：\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">看跌期权（\u003C\u002Fspan>PUT\u003Cspan style=\"font-family: DengXian;\">）交易额占比\u003C\u002Fspan> 75.09%\u003Cspan style=\"font-family: DengXian;\">，总权利金高达\u003C\u002Fspan> 328.67M\u003Cspan style=\"font-family: DengXian;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">看涨期权（\u003C\u002Fspan>CALL\u003Cspan style=\"font-family: DengXian;\">）仅占\u003C\u002Fspan> 24.91%\u003Cspan style=\"font-family: DengXian;\">，总权利金为\u003C\u002Fspan> 109.01M\u003Cspan style=\"font-family: DengXian;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2. \u003Cspan style=\"font-family: DengXian;\">分时走势与资金介入（中部折线图）\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">股价单边下跌：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">黄线代表\u003C\u002Fspan>MSFT\u003Cspan style=\"font-family: DengXian;\">的当日股价走势。可以看出，\u003C\u002Fspan>MSFT\u003Cspan style=\"font-family: DengXian;\">股价在当日从开盘的\u003C\u002Fspan> $364 \u003Cspan style=\"font-family: DengXian;\">附近一路震荡下行，最低跌至\u003C\u002Fspan> $351 \u003Cspan style=\"font-family: DengXian;\">左右，尾盘略有回升至\u003C\u002Fspan> $355 \u003Cspan style=\"font-family: DengXian;\">附近。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">尾盘放量砸盘：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">图表下方的柱状图代表期权权利金的成交量。值得注意的是，在下午\u003C\u002Fspan> 14:20 \u003Cspan style=\"font-family: DengXian;\">到\u003C\u002Fspan> 14:55 \u003Cspan style=\"font-family: DengXian;\">之间，出现了多根极高的红色柱体（代表巨大的\u003C\u002Fspan> PUT \u003Cspan style=\"font-family: DengXian;\">买单），这说明在尾盘有海量机构资金在疯狂买入看跌期权，进一步押注下跌或进行紧急对冲。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">3. \u003Cspan style=\"font-family: DengXian;\">期权异动大单明细（底部数据表）\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">这是最核心的“聪明钱”（\u003C\u002Fspan>Smart Money\u003Cspan style=\"font-family: DengXian;\">）追踪区域，按“权利金（\u003C\u002Fspan>Premium\u003Cspan style=\"font-family: DengXian;\">）”大小进行了降序排列。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">清一色的巨额\u003C\u002Fspan> PUT \u003Cspan style=\"font-family: DengXian;\">订单：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">排名前列的全是方向为“买方看跌”的\u003C\u002Fspan> PUT \u003Cspan style=\"font-family: DengXian;\">大单。前两笔订单的权利金分别高达惊人的\u003C\u002Fspan> 39.99M\u003Cspan style=\"font-family: DengXian;\">（近\u003C\u002Fspan>4000\u003Cspan style=\"font-family: DengXian;\">万美元）和\u003C\u002Fspan> 27.72M\u003Cspan style=\"font-family: DengXian;\">，下单时间均集中在\u003C\u002Fspan> 14:51 \u003Cspan style=\"font-family: DengXian;\">左右的尾盘。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">深度价内（\u003C\u002Fspan>Deep ITM\u003Cspan style=\"font-family: DengXian;\">）期权：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">仔细观察前几笔最大订单的“行权价”和“股价”。当时正股价格约为\u003C\u002Fspan> $355 \u003Cspan style=\"font-family: DengXian;\">左右，但主力买入的\u003C\u002Fspan> PUT \u003Cspan style=\"font-family: DengXian;\">行权价却是\u003C\u002Fspan> $440 \u003Cspan style=\"font-family: DengXian;\">和\u003C\u002Fspan> $450\u003Cspan style=\"font-family: DengXian;\">。这种购买深度价内看跌期权的行为，通常意味着机构需要极高的\u003C\u002Fspan>Delta\u003Cspan style=\"font-family: DengXian;\">值（接近\u003C\u002Fspan>-1\u003Cspan style=\"font-family: DengXian;\">），其效果几乎等同于直接大规模做空正股，反映出极强的短期看跌意图或巨额多头仓位的紧急避险需求。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">短期到期：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">这些巨额大单的到期日（如\u003C\u002Fspan> 07\u002F17\u002F26\u003Cspan style=\"font-family: DengXian;\">、\u003C\u002Fspan>06\u002F26\u002F26\u003Cspan style=\"font-family: DengXian;\">）非常近，说明主力资金预期微软在极短时间内（几天到几周内）可能面临巨大的下行风险，或者是在为某个即将到来的重大事件（如财报、宏观数据发布等）做防御。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">少量\u003C\u002Fspan> CALL \u003Cspan style=\"font-family: DengXian;\">护盘：\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">列表中偶尔穿插了极少量的\u003C\u002Fspan> CALL \u003Cspan style=\"font-family: DengXian;\">订单（如\u003C\u002Fspan> 12:37 \u003Cspan style=\"font-family: DengXian;\">的\u003C\u002Fspan> 5.93M\u003Cspan style=\"font-family: DengXian;\">，行权价\u003C\u002Fspan> $400\u003Cspan style=\"font-family: DengXian;\">，到期日远至\u003C\u002Fspan> 2027\u003Cspan style=\"font-family: DengXian;\">年\u003C\u002Fspan>1\u003Cspan style=\"font-family: DengXian;\">月），这大概率是长线投资者的布局，但在短期海量空单面前显得微不足道。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">总结：这张图表清晰地显示，在\u003C\u002Fspan>2026\u003Cspan style=\"font-family: DengXian;\">年\u003C\u002Fspan>6\u003Cspan style=\"font-family: DengXian;\">月\u003C\u002Fspan>25\u003Cspan style=\"font-family: DengXian;\">日这一天，针对微软（\u003C\u002Fspan>MSFT\u003Cspan style=\"font-family: DengXian;\">），机构资金在期权市场上进行了极其猛烈、集中且偏向短期的做空或防御性操作。尾盘涌现的数千万美元级别的深度价内看跌期权大单，是极其强烈的危险信号。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">您是否持有微软的正股，或者需要美股投资网进一步解释这种“深度价内\u003C\u002Fspan>PUT\u003Cspan style=\"font-family: DengXian;\">”策略在实际交易中的具体应用场景？添加小编微信，登陆 \u003Ca href=\"https:\u002F\u002Fwww.stockwe.com\u002F\" target=\"_blank\">https:\u002F\u002Fwww.StockWe.com\u002F\u003C\u002Fa>\u003Cbr \u002F>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FM\u002FMSFT\u002FMSFT.jpg","2026-06-26T00:21:00","2026.06.26","2026\u002F06\u002F26",44691,[22],"MSFT","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fplan",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]