|
- 性别
- 男
- 来自
- 米地乌托邦
   
|
[闲谈] JPM希望FED按期升息以避免股市上升引起的（机构）$6700亿看跌期权损失
本帖最后由 tianfangye 于 2015-12-9 19:44 编辑
ZT----------------
http://finance.yahoo.com/news/jpmorgan-fed-could-trigger-massive-192321466.html
Analysts at JPMorgan Chase say the Federal Reserve has 670 billion reasons to deliver a "dovish hike" if it elects next week to raise interest rates for the first time in nine and a half years.
The consensus view is that the central bank will take care to avoid upsetting risk appetite at the time of liftoff by emphasizing a gradual glide path higher for rates, lowering the "dot plot" of preferred policy rates, or inserting language that ties additional hikes to actual increases in inflation. A return to robust monthly jobs growth and nascent signs of accelerating wage increases have, however, left more than a few economists doubting that a hike will be accompanied by overtly dovish messaging.
More from Bloomberg.com: It's All Gone Wrong for One of World's Biggest Mining Companies
A report from JPMorgan's global quantitative and derivatives team, led by Marko Kolanovic, emphasizes the necessity of not roiling the markets. Extenuating circumstances in the options market could provoke a wave of selling pressure in equities precisely when the Fed seeks to ease markets into a new rate regime, Kolanovic warned.
"This important event falls at a peculiar time–less than 48 hours before the largest option expiry in many years," wrote Kolanovic, noting that $1.1 trillion worth of Standard & Poor's 500-stock index options–of which $670 billion are puts–will expire on Dec. 18. Roughly one-third of the puts poised to expire are at or near the money, with strike prices from 1,900 to 2,050. |
|
发表于 2015-12-9 19:33
| 