[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio5653b672":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"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,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio5653b672","芝加哥期权交易所(CBOE)盯上VIX永续合约：加密圈最火的高杠杆工具，正杀向传统金融","\u002Fdoc\u002Fdcio5653b672","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，芝加哥期权交易所(CBOE)正考虑推出基于Cboe波动率指数(VIX)的永续期货合约。当前，美国各交易所正竞相将主导加密货币市场的高杠杆工具引入新的资产类别。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>VIX衡量的是标普500指数期权交易者对未来30天波动幅度的预期。作为一个被广泛引用的指标，VIX目前却没有直接交易其点位的方式，这一点颇为罕见。但这种情况可能即将改变。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Cboe全球衍生品主管Rob Hocking表示，一旦美国对永续期货的监管更加明朗，Cboe将探索推出VIX永续合约。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>他在纽约市举行的行业研究衍生品市场结构大会的一场永续期货专题讨论中表示“目前我们正在探索的品种之一就是VIX。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>他在9月30日的活动上表示“目前没有办法直接交易VIX现货。这一直是市场对Cboe的诉求。‘我怎样才能获得VIX现货的敞口?’目前没有好的方式。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Cboe已经上市了VIX期货和期权。市场上也有追踪VIX的交易所交易基金(ETF)，但这类ETF底层持有的是VIX衍生品，只能近似反映波动率指标，且在正常市场条件下对投资者而言成本可能较高。例如，短期期货恐慌指数ETF-ProShares(VIXY)在2026年已下跌34%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Hocking表示“我认为永续期货可能是一个非常不错的解决方案。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>据了解，永续期货没有到期日，并包含一种旨在将合约价格锚定在当前现货价格的资金费率机制。这类工具使用杠杆，可以放大收益和损失。Robinhood(HOOD)本周披露，将向美国客户提供比特币和以太币永续合约最高10倍的杠杆，其他加密货币永续合约则提供最高3倍杠杆。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>永续期货是币安、OKX和Hyperliquid等离岸加密货币交易所的主要产品。Coinbase Global Inc.(COIN)和Kalshi目前在美国提供加密货币永续合约，Kalshi还提供黄金永续合约。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>曾任职高盛股票波动率交易员的Hocking同时表示，期权相比永续期货具有显著优势。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>他表示“我认为在期权中你可以获得类似的杠杆，但区别在于，期权具有线性产品所不具备的非对称收益结构。使用期权，你可以获得非对称收益如果你买入一份期权，你可以获得近乎抛物线的上行空间——当行情朝有利方向变动时，收益会加速增长。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>与永续期货不同，期权买方的损失上限为所支付的权利金。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Cboe的旗舰产品标普500指数期权的日名义交易额约为4.5万亿美元。短期期权在偏好风险的散户交易者中非常受欢迎。本周，这家交易所运营商与标普道琼斯指数公司签署了独家授权协议的25年续约，推动其股价走高。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Hocking呼吁监管机构就所谓的永续合约如何接受监管提供更明确的指引。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>他表示“利用这一工具、围绕它进行创新，存在巨大的机会，但我们需要监管的明确性。我们需要在参与游戏之前知道游戏规则。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，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模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FC\u002FC\u002FC.jpg","2026-10-02T14:09:33","2026.10.02","2026\u002F10\u002F02",59376,[22],"C","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,"useContentVideo":5,"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 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 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，每天处理海量股票数据：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，美股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":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"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","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"]