頭寸是什麼意思啊?

經常在看投資方面諮詢或者新聞的時候會看到這個詞,不知道什麼意思,哪位高手解答一下嗎?


Position 持倉(倉位、頭寸)

Position is the amount of cash, securities, commodities and to wider extent all financial instruments held and/or owned by a physical person or legal entity.持倉(倉位、頭寸)是個人或法人所持有的和/或擁有的現金、證券、商品和更廣範圍的全部金融工具的總數。

In financial trading, a position is a binding commitment to buy or sell a given amount of financial instruments, such as securities, currencies or commodities, for a given price.在金融交易中,持倉(倉位、頭寸)是以指定價格買入或賣出指定數量金融工具(如證券、貨幣或商品)的具有約束力的承諾。

Trading and financial assets 交易和金融資產

In derivatives trading or for financial instruments, the concept of a position is used extensively. 在金融衍生產品交易中,或對於金融工具,「持倉(倉位、頭寸)」概念被廣泛用運用。There are two basic types of position: a long and a short. 有兩種基本類型的持倉(倉位、頭寸):做多持倉(倉位、頭寸)和做空持倉(倉位、頭寸)。Generally speaking, long positions stand to gain from a rise of the price of the instrument and short positions from a fall (but with options the situation is more complicated).一般來說,做多持倉(倉位、頭寸)可以從金融工具的價格上漲中獲利,而做空持倉(倉位、頭寸)則可以從下跌中獲利(但期權的情況更為複雜)。

Options will be used in the following explanations. 下面的解釋以期權為例。The same principle applies for futures and other securities. 同樣的道理適用於期貨和其它證券。For simplicity, only one contract is being traded in these examples.為了簡單起見,在這些例子中只交易一個合約。

Long Position 做多持倉 做多倉位 做多頭寸 多頭

When a trader buys an option contract that he is not short, he is said to be opening a long position. 當交易者買入一個還未持有的期權合約時,就說他建立(開立)一個做多持倉(倉位、頭寸)。When a trader sells an option contract that he is already long, he is said to be closing a long position.當交易者賣出一個已經持有的期權合約時,就說他關閉(平掉)一個做多持持倉(倉位、頭寸)。

Short Position 做空持倉 做空倉位 做空頭寸 空頭

When a trader sells an option contract that he is not long, he is said to be opening a short position. 當交易者賣出一個還未持有的期權合約時,就說他建立(開立)一個做空持倉(倉位、頭寸)。When a trader buys an option contract that he is already short, he is said to be closing a short position. 當交易者買入一個已經持有的期權合約時,就說他關閉(平掉)一個做空持倉(倉位、頭寸)。

Net Position 凈持倉 凈倉位 凈頭寸

Net position is the difference between total open long (receivable) and open short (payable) positions in a given asset (security, foreign exchange currency, commodity, etc.) held by an individual.凈持倉(倉位、頭寸)是個人(或法人)持有的指定資產(證券、外匯貨幣、商品等)中的全部敞口做多持倉(倉位、頭寸)與做空持倉(倉位、頭寸)之間的差額。

翻譯整理自維基百科 Position (finance)

個人觀點

持倉的三個重要屬性

一是持倉方向(position direction),做多(long)還是做空(short);

二是持倉規模或大小(position size),頭寸中的「寸」即是此意;

三是建立時的價格位置(price level),倉位中的「位」即指此意。


頭寸就是指廣義的資金


頭寸(position)也稱為「頭襯」就是款項的意思,是金融界、證券、股票、期貨交易及商業界的流行用語。如果銀行在當日的全部收付款中收入大於支出款項,就稱為「多頭寸』,如果付出款項大於收入款項,就稱為「缺頭寸「。現貨投資裡面指的是:比如在交易中建倉時,做了多單持有那麼就是持有多頭頭寸,如果做有空單持有就是空頭頭寸(此回答來源於國龍金融集團分析師,僅供參考,不負任何法律責任)


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