{"id":30321,"date":"2014-03-18T09:32:13","date_gmt":"2014-03-18T08:32:13","guid":{"rendered":"http:\/\/stockportal.hu\/?p=30321"},"modified":"2014-05-22T16:40:42","modified_gmt":"2014-05-22T14:40:42","slug":"futures-vs-etf-te-erted","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/futures-vs-etf-te-erted\/","title":{"rendered":"Futures vs. ETF &#8211; Te \u00c9rted?"},"content":{"rendered":"<p><a href=\"http:\/\/stockportal.hu\/wp-content\/uploads\/2014\/03\/etf-2.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-30323 alignleft\" alt=\"etf (2)\" src=\"http:\/\/stockportal.hu\/wp-content\/uploads\/2014\/03\/etf-2.jpg\" width=\"400\" height=\"224\" srcset=\"https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/etf-2.jpg 400w, https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/etf-2-300x168.jpg 300w, https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/etf-2-310x173.jpg 310w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/a>Az opci\u00f3s piac egyik nagy er\u0151ss\u00e9ge a fedezeti \u00fcgyletek kezel\u00e9se. Ahhoz, viszont hogy tudd mivel kell fedezned, tiszt\u00e1ban kell lenned az alapterm\u00e9k \u00f6sszef\u00fcgg\u00e9sekkel.<!--more--><\/p>\n<p>Jelen cikkemben bemutatom a k\u00e9t legakt\u00edvabb futures \u00e9s ETF term\u00e9k k\u00f6zti \u00f6sszef\u00fcgg\u00e9st. Ennek meg\u00e9rt\u00e9se nem csak akkor felt\u00e9tlen sz\u00fcks\u00e9ges ha opci\u00f3kkal kereskedsz, hanem akkor is ha hat\u00e1rid\u0151z\u00f6l. Az a gyan\u00fam, hogy sok kezd\u0151 \u00fagy kereskedi a hat\u00e1rid\u0151t, hogy azzal nincs tiszt\u00e1ban, hogy t\u00e9nylegesen mekkora doll\u00e1r \u00e9rt\u00e9k van kock\u00e1ztatva, azaz angolul mi a notional value-ja az adott term\u00e9kben. Ezekhez meg kell \u00e9rteni a tick size \u00e9s multiplier fogalm\u00e1t is. Az al\u00e1bbi t\u00e1bl\u00e1zatban bemutatom az S&amp;P \u00e9s Nasdaq futures \u00e9s azok ETF-jei k\u00f6zti \u00f6sszef\u00fcgg\u00e9st.<\/p>\n<div class=\"ads-in-post1\"><div id=\"gazdasagportal.hu_fullbanner_wideboard\"><\/div>\r\n<\/div>\n<p><b>Futures vagy ETF?<\/b><\/p><div id=\"gazda-2082820107\" class=\"gazda-tartalomban gazda-entity-placement\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/stockportal.hu\/wp-content\/uploads\/2014\/03\/notional_value.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-30322 aligncenter\" alt=\"notional_value\" src=\"http:\/\/stockportal.hu\/wp-content\/uploads\/2014\/03\/notional_value.png\" width=\"650\" height=\"386\" srcset=\"https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/notional_value.png 650w, https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/notional_value-300x178.png 300w, https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/notional_value-600x356.png 600w, https:\/\/gazdasagportal.hu\/wp-content\/uploads\/2014\/03\/notional_value-310x184.png 310w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<p>Egy kis magyar\u00e1zat a t\u00e1bl\u00e1zathoz: \/NQ = Nasdaq futures, \/ES = S&amp;P500 futures, QQQ = Nasdaq ETF, SPY = S&amp;P500 ETF. Tick size azt hat\u00e1rozza meg, hogy mekkora a legkisebb elmozdul\u00e1s doll\u00e1r \u00e9rt\u00e9ke. A multiplier pedig az 1 kontraktus \u00e9rt\u00e9k\u00e9t doll\u00e1rban. Azaz 1db \/NQ \u00e9rt\u00e9ke 3720*20 = 74.400. Teh\u00e1t az aktu\u00e1lis piaci \u00e1rat megszoroztam a multiplier-rel, ami megadta a kontraktus val\u00f3s doll\u00e1r \u00e9rt\u00e9k\u00e9t.<\/p>\n<p>Ebb\u0151l el\u00e9g egy\u00e9rtelm\u0171en kider\u00fcl az, hogyha valaki bek\u00f6t 1db \/NQ short futures poz\u00edci\u00f3t, az olyan, mintha 800db QQQ ETF-et shortolna. Vagy ha valaki \/ES futures-t vett, az olyan mintha vett volna 500db SPY ETF-et. Term\u00e9szetesen eg\u00e9szen m\u00e1s a k\u00e9t term\u00e9k k\u00f6zti margin k\u00f6vetelm\u00e9ny, de c\u00e9lszer\u0171 tiszt\u00e1ban lenni a k\u00f6zt\u00fck l\u00e9v\u0151 \u00f6sszef\u00fcgg\u00e9sekkel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Az opci\u00f3s piac egyik nagy er\u0151ss\u00e9ge a fedezeti \u00fcgyletek kezel\u00e9se. Ahhoz, viszont hogy tudd mivel kell fedezned, tiszt\u00e1ban kell lenned az alapterm\u00e9k \u00f6sszef\u00fcgg\u00e9sekkel.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[137,134],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30321"}],"collection":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/comments?post=30321"}],"version-history":[{"count":3,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30321\/revisions"}],"predecessor-version":[{"id":35436,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30321\/revisions\/35436"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=30321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=30321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=30321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}