Let me try to explain and see if it's close

trytry2014 · 2014-10-30 19:29:12Z

Let me try to explain and see if it's close 简介

来源: trytry2014 于 2014-10-30 19:29:12 [档案] [旧帖] [给我悄悄话] 阅读数 : (573 bytes)

回答: ETF在市场上交易，价格不是由买卖双方决定的吗？3X的ETF怎么控制这个价格正好是Benchmark的三倍呢？由股若金汤于 2014-10-30 18:56:15

The ETF share price and volume = assets in the fund. Based on the assets, 2x or 3x ETF can borrow 2 or 3 times to maintain the exposure to the underlying index. As the assets go up and down, re-balancing occurs. These ETFs do contain index futures and index options, but the "swap" seems to be the main tool in leveraging. So the decay is caused primarily by the calculations shown in 003's post (beta-slippage caused by leveraging + re-balancing). Option time decay is only secondary...
I'm new to this, just to share my understanding to see if it's close...

您的位置：文学城 » 论坛 » 大千股坛 » Let me try to explain and see if it's close

所有跟帖：

• 谢谢，会仔细读读。估计得先搞懂swap才能完全看懂 -股若金汤- ♂ (0 bytes) () 10/31/2014 postreply 06:16:01

请您先登陆，再发跟帖！