{"id":25363,"date":"2026-01-13T11:00:00","date_gmt":"2026-01-13T03:00:00","guid":{"rendered":"https:\/\/winsmart.tw\/?post_type=online_teaching&p=25363"},"modified":"2026-01-06T11:00:52","modified_gmt":"2026-01-06T03:00:52","slug":"%e5%8f%b0%e6%8c%87%e6%9c%9f%e7%9b%a4%e5%be%8c","status":"publish","type":"online_teaching","link":"https:\/\/winsmart.tw\/en\/online_teaching\/%e5%8f%b0%e6%8c%87%e6%9c%9f%e7%9b%a4%e5%be%8c\/","title":{"rendered":"\u53f0\u6307\u671f\u76e4\u5f8c\u624d\u662f\u95dc\u9375\u6642\u523b\uff0c1\u771f\u76f8\u770b\u61c2\u5927\u884c\u60c5\u90fd\u5728\u665a\u4e0a\u7206\u767c\uff01"},"content":{"rendered":"

\u300c\u53f0\u6307\u671f\u76e4\u5f8c\u300d\u4e00\u5411\u662f\u5e02\u5834\u771f\u6b63\u7684\u6c7a\u52dd\u6642\u523b\u3002\u60f3\u5728\u884c\u60c5\u4e2d\u6436\u5f97\u5148\u6a5f\u3001\u6bd4\u5225\u4eba\u66f4\u65e9\u770b\u5230\u660e\u5929\u7684\u65b9\u5411\uff0c\u591c\u76e4\u5f80\u5f80\u5c31\u662f\u90a3\u628a\u9470\u5319\u3002\u56e0\u70ba\u4e3b\u529b\u7684\u5e03\u5c40\u3001\u9694\u65e5\u884c\u60c5\u7684\u7bc0\u594f\uff0c\u5e38\u5e38\u6703\u5728\u591c\u76e4\u63d0\u524d\u900f\u9732\u7dda\u7d22\u3002\u53ea\u8981\u6293\u4f4f\u9019\u4e9b\u8b8a\u5316\uff0c\u4f60\u5c31\u80fd\u638c\u63e1\u5e02\u5834\u4e0b\u4e00\u6b65\u8981\u8d70\u5411\u54ea\u88e1\u3002<\/p>\n\n\n\n

\u5728\u6b64\u7bc7\u6587\u7ae0\u88e1\uff0c\u6211\u6703\u5e36\u4f60\u62c6\u89e3\u591c\u76e4\u7684\u6838\u5fc3\u8a0a\u865f\uff0c\u6559\u4f60\u600e\u9ebc\u5224\u65b7\u591a\u7a7a\u52dd\u8ca0\u3001\u4ec0\u9ebc\u4f4d\u7f6e\u5177\u5099\u95dc\u9375\u610f\u7fa9\uff0c\u4ee5\u53ca\u5982\u4f55\u904b\u7528\u6700\u5be6\u7528\u7684\u65b9\u5f0f\u63d0\u524d\u5361\u4f4d\uff01\u6700\u5f8c\u9084\u6703\u4ecb\u7d39\u597d\u7528\u7684WINSMART<\/a>\u4ea4\u6613\u8edf\u9ad4\u7d66\u4f60\uff0c\u4e26\u5229\u7528\u5b83\u505a\u5be6\u6230\u7684\u6848\u4f8b\u8b1b\u89e3\u3002\u7576\u4f60\u5b78\u6703\u8b80\u61c2\u591c\u76e4\uff0c\u4f60\u5c31\u80fd\u5728\u5225\u4eba\u9084\u5728\u89c0\u671b\u6642\uff0c\u5df2\u7d93\u770b\u6e05\u4e0b\u4e00\u6b65\u7684\u65b9\u5411\u3002\u5982\u679c\u4f60\u4e5f\u60f3\u5b78\u5230\u9019\u4e9b\u95dc\u9375\u65b9\u6cd5\uff0c\u8acb\u4e00\u5b9a\u8981\u5c07\u6587\u7ae0\u770b\u5230\u6700\u5f8c\uff0c\u90a3\u5c31\u8b93\u6211\u5011\u958b\u59cb\u5427\uff01<\/p>\n\n\n\n

\u4eca\u65e5\u4e3b\u984c\uff1a<\/p>\n\n\n\n

    \n
  1. \u5728\u591c\u76e4\u505a\u671f\u8ca8\u4ea4\u6613<\/a><\/li>\n\n\n\n
  2. \u5229\u7528\u591c\u76e4\u8d70\u52e2\u505a\u65e5\u76e4<\/li>\n\n\n\n
  3. \u591c\u76e4\u4ea4\u6613\u9078\u64c7\u6b0a<\/li>\n<\/ol>\n\n\n\n

    \u53f0\u6307\u671f\u76e4\u5f8c01\uff1a\u591c\u76e4\u8da8\u52e2\u7684\u91cd\u8981\u6027<\/mark><\/strong><\/h2>\n\n\n\n

    01-1. \u591c\u76e4\u8da8\u52e2\u57fa\u672c\u6982\u5ff5<\/strong><\/h3>\n\n\n\n

    \u9996\u5148\u4f86\u770b\u53f0\u6307\u671f\u4e0d\u5305\u542b\u591c\u76e4\u7684\u65e5K\u8d70\u52e2\u5716\uff0c\u4f60\u6703\u767c\u73fe\u5716\u4e0a\u51fa\u73fe\u4e86\u975e\u5e38\u591a\u8df3\u7a7a<\/a>\u7f3a\u53e3\uff0c\u51fa\u73fe\u6536\u76e4\u50f9\u5f8c\u9694\u5929\u537b\u76f4\u63a5\u8df3\u5230\u66f4\u9ad8\u7684\u4f4d\u7f6e\uff0c\u6216\u662f\u53cd\u904e\u4f86\u5927\u5e45\u5411\u4e0b\u8df3\u7a7a\u3002\u9019\u6a23\u7684\u60c5\u6cc1\u5728\u5716\u4e2d\u53cd\u8986\u51fa\u73fe\uff0c\u7121\u8ad6\u662f\u5411\u4e0a\u9084\u662f\u5411\u4e0b\uff0c\u90fd\u5b58\u5728\u4e0d\u5c11\u660e\u986f\u7684\u8df3\u7a7a\u3002<\/p>\n\n\n\n

    \u9019\u4ee3\u8868\u4e00\u4ef6\u5f88\u91cd\u8981\u7684\u4e8b\uff1a\u5982\u679c\u4f60\u6c92\u6709\u53c3\u8207\u591c\u76e4\u4ea4\u6613\uff0c\u9694\u5929\u958b\u76e4\u6642\uff0c\u884c\u60c5\u5f80\u5f80\u5df2\u7d93\u8d70\u4e86\u4e00\u5927\u6bb5\u3002\u9019\u4e9b\u8df3\u7a7a\u7684\u5e45\u5ea6\uff0c\u6709\u6642\u4e00\u767e\u9ede\uff0c\u6709\u6642\u751a\u81f3\u5169\u3001\u4e09\u767e\u9ede\uff0c\u5c0d\u671f\u8ca8\u4ea4\u6613\u4f86\u8aaa\u90fd\u662f\u76f8\u7576\u5927\u7684\u6ce2\u52d5\uff0c\u4e5f\u6b63\u662f\u8a31\u591a\u95dc\u9375\u884c\u60c5\u767c\u751f\u7684\u6642\u523b\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c01<\/figcaption><\/figure>\n\n\n\n

    \u5982\u679c\u4f60\u628a\u53f0\u6307\u591c\u76e4<\/a>\u8207\u65e5\u76e4\u4e00\u8d77\u7528\u9023\u7e8c5\u5206K\u4f86\u770b\uff0c\u8d70\u52e2\u6703\u6e05\u695a\u5f88\u591a\u3002\u5f9e\u65e5\u76e4\u6536\u76e4\u5230\u9694\u5929\u958b\u76e4\uff0c\u50f9\u683c\u5176\u5be6\u6c92\u6709\u505c\u6b62\uff0c\u800c\u662f\u900f\u904e\u591c\u76e4\u6301\u7e8c\u63a8\u9032\u3002\u5728\u4e0b\u65b9\u7684WINSMART\u770b\u76e4\u756b\u9762\u4e2d\uff0c\u53ef\u4ee5\u6e05\u695a\u770b\u5230\u6642\u9593\u8ef8\u7684\u5dee\u7570\uff1a\u65e5\u76e4\u8f03\u77ed\u3001\u591c\u76e4\u8f03\u9577\uff0c\u884c\u60c5\u662f\u5728\u591c\u76e4\u6162\u6162\u8d70\u51fa\u4f86\u7684\uff0c\u800c\u4e0d\u662f\u9694\u5929\u7a81\u7136\u8df3\u904e\u53bb\u3002<\/p>\n\n\n\n

    \u76f8\u53cd\u5730\uff0c\u5982\u679c\u4e0d\u770b\u591c\u76e4\uff0c\u53ea\u770b\u65e5\u76e4\uff0c\u50f9\u683c\u5e38\u5e38\u76f4\u63a5\u5f9e\u524d\u4e00\u5929\u4e0b\u5348\u7684\u6536\u76e4\u9ede\u8df3\u5230\u9694\u5929\u7684\u9ad8\u9ede\u6216\u4f4e\u9ede\uff0c\u4e2d\u9593\u6703\u51fa\u73fe\u5f88\u5927\u7684\u8df3\u7a7a\u3002\u9019\u7a2e\u8df3\u7a7a\u5c11\u5247\u4e00\u5169\u767e\u9ede\uff0c\u591a\u5247\u66f4\u5927\uff0c\u5c0d\u4ea4\u6613\u5224\u65b7\u5176\u5be6\u5f88\u4e0d\u53cb\u5584\u3002\u56e0\u6b64\uff0c\u53ea\u8981\u628a\u591c\u76e4\u7d0d\u5165\u89c0\u5bdf\uff0c\u884c\u60c5\u5c31\u6703\u8b8a\u5f97\u6bd4\u8f03\u9023\u7e8c\uff0c\u8df3\u7a7a<\/a>\u5e45\u5ea6\u4e5f\u6703\u660e\u986f\u6e1b\u5c11\u3002\u9019\u4e5f\u662f\u70ba\u4ec0\u9ebc\u4e0d\u7ba1\u4f60\u6709\u6c92\u6709\u505a\u591c\u76e4\u4ea4\u6613\uff0c\u90fd\u4e00\u5b9a\u8981\u91cd\u8996\u591c\u76e4\u8d70\u52e2\uff0c\u5b83\u5c0d\u6574\u9ad4\u4ea4\u6613\u5224\u65b7\u975e\u5e38\u95dc\u9375\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c02<\/figcaption><\/figure>\n\n\n\n

    \u5176\u5be6\u5728\u65e9\u671f\u7684\u53f0\u6307\u671f\u662f\u6c92\u6709\u591c\u76e4\u7684\uff0c\u4ea4\u6613\u6642\u9593\u5f9e\u65e9\u4e0a8\u9ede45\u5206\u5230\u4e0b\u53481\u9ede45\u5206\uff0c\u53ea\u6709\u77ed\u77ed5\u500b\u5c0f\u6642\u3002\u4e00\u76f4\u52302017\u5e745\u670815\u65e5\uff0c\u53f0\u6307\u671f\u624d\u6b63\u5f0f\u63a8\u51fa\u591c\u76e4\u3002\u525b\u958b\u59cb\u5f88\u591a\u4eba\u4e26\u4e0d\u7fd2\u6163\uff0c\u751a\u81f3\u89ba\u5f97\u53ea\u505a\u65e5\u76e4\u5c31\u5920\uff0c\u4f46\u96a8\u8457\u6642\u9593\u63a8\u79fb\uff0c\u624d\u767c\u73fe\u591c\u76e4\u7684\u91cd\u8981\u6027\u8d8a\u4f86\u8d8a\u9ad8\u3002<\/p>\n\n\n\n

    \u73fe\u5728\u5f88\u591a\u95dc\u9375\u884c\u60c5\uff0c\u5176\u5be6\u90fd\u767c\u751f\u5728\u591c\u76e4\u3002\u591c\u76e4\u8b93\u50f9\u683c\u8d70\u52e2\u8b8a\u5f97\u66f4\u9023\u7e8c\uff0c\u4e5f\u8b93\u65e5\u76e4\u4e0d\u518d\u5145\u6eff\u5927\u8df3\u7a7a\u3002\u900f\u904e\u628aK\u7dda\u6642\u9593\u5207\u5206\u6210\u65e5\u76e4\u8207\u591c\u76e4\uff0c\u53ef\u4ee5\u66f4\u6e05\u695a\u770b\u51fa\u884c\u60c5\u662f\u5728\u54ea\u500b\u6642\u6bb5\u767c\u52d5\uff0c\u5c0d\u4ea4\u6613\u5224\u65b7\u5e6b\u52a9\u5f88\u5927\u3002<\/p>\n\n\n\n

    \u4e0d\u904e\u591c\u76e4\u6642\u9593\u9577\u905414\u500b\u5c0f\u6642\uff0c\u5f9e\u4e0b\u53483\u9ede\u5230\u9694\u5929\u6e05\u66685\u9ede\uff0c\u4e0d\u53ef\u80fd\u5168\u7a0b\u76ef\u76e4\u3002\u9019\u4e5f\u662f\u70ba\u4ec0\u9ebc\u4ea4\u6613\u6642\u9700\u8981\u4e8b\u5148\u8a2d\u5b9a\u597d\u689d\u4ef6\uff0c\u4ea4\u7d66\u50cfWINSMART\u9019\u6a23\u7684\u5de5\u5177\u4f86\u5354\u52a9\u7ba1\u7406\u90e8\u4f4d\uff0c\u8b93\u884c\u60c5\u81ea\u5df1\u8dd1\uff0c\u4e0d\u53ea\u6295\u8cc7\u4eba\u4e0d\u7528\u71ac\u591c\uff0c\u4e5f\u80fd\u5b89\u5fc3\u53c3\u8207\u5e02\u5834\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c03<\/figcaption><\/figure>\n\n\n\n

    \u800c\u591c\u76e4\u6700\u5927\u7684\u597d\u8655\uff0c\u9996\u5148\u662f\u8b93\u884c\u60c5\u8b8a\u5f97\u6bd4\u8f03\u9023\u7e8c\u3002\u56e0\u70ba\u6709\u591c\u76e4\u63a5\u7e8c\u8d70\u52e2\uff0c\u9694\u5929\u958b\u76e4\u6642\u7684\u5927\u8df3\u7a7a<\/a>\u6703\u660e\u986f\u6e1b\u5c11\uff0c\u4e5f\u66f4\u5bb9\u6613\u5224\u65b7\u8da8\u52e2\u65b9\u5411\uff1b\u518d\u4f86\u662f\u4ea4\u6613\u6642\u9593\u62c9\u9577\u3002\u8b93\u4f60\u4e0d\u518d\u53ea\u4fb7\u9650\u65bc\u767d\u5929\u9032\u51fa\uff0c\u800c\u662f\u591a\u4e86\u66f4\u591a\u5f48\u6027\u53ef\u4ee5\u4ea4\u6613\u3002\u4e0d\u904e\u4e5f\u56e0\u70ba\u6642\u9593\u8b8a\u9577\uff0c\u66f4\u9700\u8981\u4e00\u5957\u597d\u7684\u4ea4\u6613\u5de5\u5177\uff0c\u624d\u80fd\u5728\u4e0d\u76ef\u76e4\u7684\u60c5\u6cc1\u4e0b\uff0c\u4f9d\u7167\u8a2d\u5b9a\u597d\u7684\u689d\u4ef6\u81ea\u52d5\u57f7\u884c\u3002<\/p>\n\n\n\n

    \u6700\u5f8c\uff0c\u591c\u76e4\u7684\u5b58\u5728\u8b93\u53f0\u6307\u671f\u771f\u6b63\u8207\u570b\u969b\u5e02\u5834\u63a5\u8ecc\u3002\u7576\u7f8e\u80a1\u8207\u570b\u969b\u671f\u8ca8\u5728\u904b\u884c\u6642\uff0c\u53f0\u6307\u671f\u4e5f\u540c\u6b65\u53cd\u6620\u5168\u7403\u8cc7\u91d1\u52d5\u5411\uff0c\u518d\u52a0\u4e0a\u591c\u76e4\u80fd\u96a8\u6642\u9032\u51fa\u5834\uff0c\u8b93\u4ea4\u6613\u8005\u5728\u9762\u5c0d\u7a81\u767c\u884c\u60c5\u6642\uff0c\u6709\u66f4\u591a\u61c9\u8b8a\u7a7a\u9593\uff0c\u9019\u4e5f\u662f\u591c\u76e4\u975e\u5e38\u91cd\u8981\u7684\u50f9\u503c\uff01<\/p>\n\n\n\n

    01-2. \u5728\u591c\u76e4\u505a\u4ea4\u6613\uff0d\u671f\u8ca8\u4ea4\u6613\u6280\u5de7<\/strong><\/h3>\n\n\n\n

    \u63a5\u4e0b\u4f86\u8981\u8ac7\u7684\u662f\u53f0\u6307\u671f\u591c\u76e4\u7684\u61c9\u5c0d\u6280\u5de7\u3002<\/p>\n\n\n\n

    \u7b2c\u4e00\u6b65\uff0c\u5176\u5be6\u4e0d\u662f\u5148\u770b\u53f0\u6307\u671f\uff0c\u800c\u662f\u5148\u89c0\u5bdf\u7f8e\u80a1\u671f\u8ca8\u7684\u8d70\u52e2\u3002\u5176\u4e2d\uff0c\u548c\u53f0\u6307\u671f\u9023\u52d5\u6027\u6700\u9ad8\u7684\u6307\u6578\u4e4b\u4e00\uff0c\u5c31\u662f\u5c0f\u90a3\u65af\u9054\u514b\u3002\u7576\u5c0f\u90a3\u65af\u9054\u514b\u8d70\u5f37\u6642\uff0c\u53f0\u6307\u671f\u591c\u76e4\u5f80\u5f80\u4e5f\u5bb9\u6613\u8ddf\u8457\u4e0a\u6f32\uff1b\u53cd\u904e\u4f86\uff0c\u5c0f\u90a3\u65af\u9054\u514b\u8f49\u5f31\uff0c\u53f0\u6307\u591c\u76e4<\/a>\u8d70\u8dcc\u7684\u6a5f\u7387\u4e5f\u6703\u660e\u986f\u63d0\u9ad8\u3002<\/p>\n\n\n\n

    \u56e0\u6b64\uff0c\u6211\u5011\u53ef\u4ee5\u5229\u7528\u5c0f\u90a3\u65af\u9054\u514b\u7684\u65b9\u5411\uff0c\u4f86\u5224\u65b7\u53f0\u6307\u671f\u591c\u76e4\u7684\u591a\u7a7a\u8da8\u52e2\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c05<\/figcaption><\/figure>\n\n\n\n

    \u7b2c\u4e8c\u500b\u8981\u89c0\u5bdf\u7684\uff0c\u5c31\u662f\u9053\u74ca\u6307\u6578\u3002<\/p>\n\n\n\n

    \u7576\u9053\u74ca\u6307\u6578\u5728\u591c\u76e4\u6642\u6bb5\u660e\u986f\u8f49\u5f37\u3001\u51fa\u73fe\u5feb\u901f\u4e0a\u6f32\u6642\uff0c\u901a\u5e38\u53ef\u4ee5\u540c\u6b65\u5c0d\u7167\u53f0\u6307\u671f\u7684\u8d70\u52e2\uff0c\u5f88\u591a\u6642\u5019\u5169\u8005\u6703\u4e00\u8d77\u5f80\u540c\u4e00\u500b\u65b9\u5411\u767c\u52d5\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c06<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u4e0b\u4f86\u9084\u53ef\u4ee5\u89c0\u5bdf\u7684\u662f\u5bcc\u53f0\u6307\u6578\uff0c\u4e5f\u5c31\u662f\u5728\u65b0\u52a0\u5761\u639b\u724c\u7684\u5bcc\u6642\u53f0\u7063\u6307\u6578\u3002\u9019\u500b\u6307\u6578\u548c\u53f0\u6307\u671f\u7684\u9023\u52d5\u6027\u975e\u5e38\u9ad8\uff0c\u5e7e\u4e4e\u662f\u540c\u6b65\u53cd\u6620\u5e02\u5834\u60c5\u7dd2\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c07<\/figcaption><\/figure>\n\n\n\n

    \u525b\u525b\u6211\u5011\u770b\u7684\u662f30\u5206K\uff0c\u73fe\u5728\u5207\u63db\u5230\u65e5K\uff0c\u770b\u7684\u5c31\u4e0d\u662f\u7d30\u7bc0\uff0c\u800c\u662f\u6574\u9ad4\u8da8\u52e2\u8207\u65b9\u5411\uff0c\u5c6c\u65bc\u504f\u4e2d\u9577\u7dda\u7684\u5224\u65b7\u4f9d\u64da\u3002<\/p>\n\n\n\n

    \u5728\u5224\u65b7\u65e5K\u8da8\u52e2\u6642\uff0c\u7f8e\u80a1\u662f\u4e00\u500b\u975e\u5e38\u95dc\u9375\u7684\u53c3\u8003\u3002\u591a\u6578\u60c5\u6cc1\u4e0b\uff0c\u7f8e\u80a1\u7684\u8da8\u52e2\uff0c\u5f80\u5f80\u5c31\u662f\u53f0\u80a1\u7684\u5927\u65b9\u5411\u3002\u539f\u56e0\u5f88\u7c21\u55ae\uff0c\u53f0\u7063\u672c\u8eab\u5c31\u662f\u7f8e\u80a1\u4f9b\u61c9\u93c8\u7684\u4e00\u74b0\uff0c\u7f8e\u80a1\u8d70\u5f37\uff0c\u53f0\u80a1\u81ea\u7136\u6bd4\u8f03\u5bb9\u6613\u8ddf\u8457\u4e0a\u6f32\u3002\u56e0\u6b64\uff0c\u53ea\u8981\u770b\u5230\u50cf\u90a3\u65af\u9054\u514b\u3001\u9053\u74ca\u7b49\u7f8e\u80a1\u6307\u6578\u5728\u65e5K\u5c64\u7d1a\u5448\u73fe\u591a\u982d\u8da8\u52e2\uff0c\u53f0\u80a1\u5728\u9577\u7dda\u4e0a\u901a\u5e38\u4e5f\u5177\u5099\u504f\u591a\u7684\u512a\u52e2\uff0c\u9019\u6703\u662f\u6211\u5011\u5728\u591c\u76e4\u8207\u65e5\u76e4\u4ea4\u6613\u6642\uff0c\u4e00\u500b\u975e\u5e38\u91cd\u8981\u7684\u80cc\u666f\u5224\u65b7\u4f9d\u64da\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c08<\/figcaption><\/figure>\n\n\n\n

    \u90a3\u6709\u5f88\u591a\u6295\u8cc7\u4eba\u5c31\u6703\u60f3\u77e5\u9053\u4ec0\u9ebc\u662f\u591c\u76e4\u6700\u5bb9\u6613\u51fa\u73fe\u884c\u60c5\u7684\u6642\u523b\uff1f\u5176\u5be6\u662f\u53ea\u8981\u7f8e\u80a1\u958b\u59cb\u52d5\uff0c\u53f0\u6307\u591c\u76e4<\/a>\u901a\u5e38\u5c31\u4e0d\u6703\u592a\u5b89\u975c\u3002\u5927\u6982\u6709\u4ee5\u4e0b\u4e09\u500b\u6642\u9593\u9ede\uff1a<\/p>\n\n\n\n

    \u6700\u5e38\u898b\u7684\u7b2c\u4e00\u500b\u6642\u9593\u9ede\uff0c\u5c31\u662f\u665a\u4e0a8\u9ede\u534a\u52309\u9ede\u534a\u5de6\u53f3\uff0c\u7f8e\u80a1\u76f8\u95dc\u671f\u8ca8\u958b\u59cb\u660e\u986f\u6ce2\u52d5\uff0c\u53f0\u6307\u671f\u4e5f\u5bb9\u6613\u8ddf\u8457\u653e\u5927\u8d70\u52e2\uff1b\u7b2c\u4e8c\u500b\u5247\u662f\u91cd\u5927\u7d93\u6fdf\u6578\u64da\u516c\u5e03\u6642\uff0c\u4f8b\u5982 CPI\u6578\u64da\u6216\u662f\u806f\u6e96\u6703\uff08FED\uff09\u516c\u5e03\u5229\u7387\u6c7a\u7b56\u3002\u9019\u985e\u6d88\u606f\u5f80\u5f80\u6703\u76f4\u63a5\u6539\u8b8a\u5e02\u5834\u5c0d\u672a\u4f86\u7684\u9810\u671f\uff0c\u4e5f\u6700\u5bb9\u6613\u5f15\u767c\u591c\u76e4\u7684\u5feb\u901f\u62c9\u52d5\u8207\u65b9\u5411\u9078\u64c7\uff1b\u6700\u5f8c\u4e00\u500b\u95dc\u9375\uff0c\u662f\u7f8e\u80a1\u6b63\u5f0f\u958b\u76e4\u4e4b\u5f8c\u3002\u958b\u76e4\u521d\u671f\u8cc7\u91d1\u9032\u5834\u7a4d\u6975\uff0c\u6ce2\u52d5\u5e45\u5ea6\u901a\u5e38\u6703\u9032\u4e00\u6b65\u653e\u5927\u3002<\/p>\n\n\n\n

    \u6574\u9ad4\u4f86\u8aaa\uff0c\u591c\u76e4\u7684\u884c\u60c5\u591a\u534a\u96c6\u4e2d\u5728\u9019\u5e7e\u500b\u6642\u6bb5\uff0c\u53ea\u8981\u6293\u4f4f\u9019\u4e9b\u6642\u9593\u9ede\uff0c\u4ea4\u6613\u6548\u7387\u6703\u660e\u986f\u63d0\u5347\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c09<\/figcaption><\/figure>\n\n\n\n

    \u4ee5CPI\u901a\u81a8\u6578\u64da\u516c\u5e03\u70ba\u4f8b\uff0c\u4f60\u53ef\u4ee5\u5148\u628a\u6bcf\u500b\u6708\u7684\u516c\u5e03\u6642\u9593\u8a18\u4e0b\u4f86\u3002\u50cf\u662f6\uff5e9\u6708\uff0cCPI \u5e7e\u4e4e\u90fd\u662f\u5728\u665a\u4e0a8\u9ede\u534a\u516c\u5e03\uff0c\u9019\u500b\u6642\u9593\u9ede\u672c\u8eab\u5c31\u5177\u6709\u9ad8\u5ea6\u5e02\u5834\u5f71\u97ff\u529b\u3002<\/p>\n\n\n\n

    \u7576\u6642\u9593\u4f86\u5230\u665a\u4e0a8\u9ede\u534a\uff0c\u4f60\u5c31\u8981\u7279\u5225\u7559\u610f\u53f0\u6307\u671f\u591c\u76e4\u7684\u53cd\u61c9\u3002\u901a\u5e38\u57288\u9ede\u534a\u52309\u9ede\u534a\u4e4b\u9593\uff0c\u5e02\u5834\u6703\u958b\u59cb\u6d88\u5316\u6578\u64da\u5167\u5bb9\uff0c\u6ce2\u52d5\u660e\u986f\u653e\u5927\uff0c\u65b9\u5411\u4e5f\u66f4\u5bb9\u6613\u8d70\u51fa\u4f86\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c10<\/figcaption><\/figure>\n\n\n\n

    \u4ee5 CPI \u516c\u5e03\u7576\u5929\u70ba\u4f8b\uff0c\u7576\u6578\u64da\u7d50\u679c\u8d85\u4e4e\u5e02\u5834\u9810\u671f\u6642\uff0c\u884c\u60c5\u5f80\u5f80\u6703\u7acb\u523b\u53cd\u61c9\u3002\u4f60\u53ef\u4ee5\u770b\u5230\u4e0b\u5716\u4e2d\u8cc7\u6599\u4e00\u51fa\u4f86\uff0c\u591c\u76e4\u8cc7\u91d1\u5feb\u901f\u9032\u5834\uff0c\u53f0\u6307\u671f\u96a8\u5373\u5927\u5e45\u4e0a\u6f32\uff0c\u7576\u665a\u591c\u76e4\u5c31\u62c9\u51fa\u4e86\u5c07\u8fd1180\u9ede\u7684\u6f32\u5e45\u3002<\/p>\n\n\n\n

    \u9019\u985e\u300c\u91cd\u5927\u7d93\u6fdf\u6578\u64da\u516c\u5e03\u300d\u6216\u300c\u7f8e\u80a1\u958b\u76e4\u5f8c\u300d\u7684\u6642\u9593\u9ede\uff0c\u90fd\u662f\u591c\u76e4\u6700\u5bb9\u6613\u51fa\u73fe\u8da8\u52e2\u8207\u6ce2\u52d5\u7684\u95dc\u9375\u6642\u523b\u3002\u91cd\u9ede\u4e0d\u662f\u6bcf\u4e00\u523b\u90fd\u4ea4\u6613\uff0c\u800c\u662f\u77e5\u9053\u4ec0\u9ebc\u6642\u5019\u884c\u60c5\u6700\u6709\u53ef\u80fd\u52d5\uff0c\u63d0\u524d\u5b88\u5728\u5c0d\u7684\u6642\u9593\u9ede\uff0c\u624d\u6709\u6a5f\u6703\u6293\u5230\u771f\u6b63\u7684\u884c\u60c5\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c11<\/figcaption><\/figure>\n\n\n\n

    01-3. \u5229\u7528\u591c\u76e4\u8d70\u52e2\u505a\u65e5\u76e4<\/strong><\/h3>\n\n\n\n

    \u63a5\u4e0b\u4f86\uff0c\u6211\u5011\u53ef\u4ee5\u628a\u591c\u76e4\u7684\u8d70\u52e2\uff0c\u62ff\u4f86\u7576\u4f5c\u9694\u65e5\u65e5\u76e4\u7684\u91cd\u8981\u53c3\u8003\u3002\u56e0\u70ba\u591c\u76e4\u5f80\u5f80\u5df2\u7d93\u5148\u53cd\u6620\u4e86\u570b\u969b\u5e02\u5834\u7684\u614b\u5ea6\uff0c\u7b49\u65bc\u66ff\u65e5\u76e4\u756b\u597d\u300c\u95dc\u9375\u5340\u9593\u300d\u3002<\/p>\n\n\n\n

    \u4ee5\u4e0b\u57169\u670815\u65e5\u70ba\u4f8b\uff0c\u6211\u5011\u5148\u628a\u591c\u76e4\u7684\u9ad8\u9ede\u756b\u51fa\u4e00\u689d\u6c34\u5e73\u7dda\u3002\u7576\u5929\u65e5\u76e4\u958b\u76e4\u5f8c\uff0c\u5982\u679c\u50f9\u683c\u59cb\u7d42\u7121\u6cd5\u6709\u6548\u7a81\u7834\u9019\u500b\u591c\u76e4\u9ad8\u9ede\uff0c\u5c31\u4ee3\u8868\u4e0a\u65b9\u6709\u660e\u986f\u58d3\u529b\uff0c\u884c\u60c5\u5bb9\u6613\u53d7\u5230\u58d3\u5236\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c12<\/figcaption><\/figure>\n\n\n\n

    \u76f8\u53cd\u5730\uff0c\u5728\u4e0b\u65b99\u670816\u65e5\u9019\u5929\uff0c\u65e5\u76e4\u4e00\u958b\u76e4\u5c31\u6709\u6548\u7a81\u7834\u591c\u76e4\u9ad8\u9ede\uff0c\u884c\u60c5\u96a8\u5373\u8d70\u51fa\u4f86\uff0c\u4e00\u8def\u5f80\u4e0a\u63a8\u3002\u9019\u5169\u5929\u7684\u5c0d\u6bd4\u5c31\u5f88\u6e05\u695a\u5730\u544a\u8a34\u6211\u5011\uff1a\u591c\u76e4\u7684\u9ad8\u4f4e\u9ede\uff0c\u5f80\u5f80\u5c31\u662f\u65e5\u76e4\u7684\u652f\u6490\u8207\u58d3\u529b\u95dc\u5361\u3002<\/p>\n\n\n\n

    \u6240\u4ee5\u91cd\u9ede\u4e0d\u5728\u4f60\u6709\u6c92\u6709\u505a\u591c\u76e4\u4ea4\u6613\uff0c\u800c\u662f\u300c\u4e00\u5b9a\u8981\u770b\u591c\u76e4\u8d70\u52e2\u300d\u3002\u591c\u76e4\u5df2\u7d93\u5148\u5e6b\u4f60\u628a\u5e02\u5834\u7684\u95dc\u9375\u4f4d\u7f6e\u8dd1\u904e\u4e00\u8f2a\uff0c\u65e5\u76e4\u53ea\u662f\u63a5\u8457\u53cd\u61c9\u800c\u5df2\u3002\u628a\u591c\u76e4\u4e00\u8d77\u7d0d\u5165\u5224\u65b7\uff0c\u80fd\u8b93\u4f60\u5728\u65e5\u76e4\u4ea4\u6613\u6642\uff0c\u770b\u5f97\u66f4\u6e05\u695a\u3001\u505a\u5f97\u66f4\u6709\u628a\u63e1\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c13<\/figcaption><\/figure>\n\n\n\n

    \u53f0\u6307\u671f\u76e4\u5f8c02\uff1a\u591c\u76e4\u4ea4\u6613\u9078\u64c7\u6b0a<\/mark><\/strong><\/h2>\n\n\n\n

    02-1. \u9078\u64c7\u6b0a\u4ea4\u6613\u7684\u5404\u7a2e\u5546\u54c1<\/strong><\/h3>\n\n\n\n

    \u63a5\u4e0b\u4f86\u6211\u5011\u4f86\u770b\u9078\u64c7\u6b0a\u7684\u591c\u76e4\u4ea4\u6613\u3002\u9078\u64c7\u6b0a\u7684\u5546\u54c1\u7a2e\u985e\u5176\u5be6\u975e\u5e38\u591a\uff0c\u5149\u662f\u5230\u671f\u65e5\u5c31\u6709\u4e00\u6574\u6392\u53ef\u4ee5\u9078\uff0c\u5305\u62ec\u6708\u9078\u3001\u9031\u4e09\u9078\u3001\u9031\u4e94\u9078\uff0c\u5c0d\u525b\u63a5\u89f8\u7684\u4eba\u4f86\u8aaa\u5e38\u5e38\u6703\u770b\u5f97\u4e00\u982d\u9727\u6c34\u3002<\/p>\n\n\n\n

    \u7c21\u55ae\u4f86\u8aaa\uff0c\u9078\u64c7\u6b0a\u901a\u5e38\u5305\u542b\u5e7e\u7a2e\u5230\u671f\u65e5\u7d50\u69cb\uff1a<\/p>\n\n\n\n

    \u6708\u9078\u4e00\u822c\u6709\u7576\u6708\u3001\u6b21\u6708\u3001\u7576\u5b63\u3001\u6b21\u5b63\uff0c\u751a\u81f3\u534a\u5e74\u5f8c\u7684\u5230\u671f\u65e5\uff1b\u9031\u9078\u5247\u5206\u6210\u9031\u4e09\u7d50\u7b97\u8207\u9031\u4e94\u7d50\u7b97\uff0c\u5404\u81ea\u53c8\u6709\u7576\u9031\u8207\u4e0b\u4e00\u9031\u53ef\u9078\u3002\u4e5f\u5c31\u662f\u8aaa\uff0c\u4ea4\u6613\u4eba\u53ef\u4ee5\u4f9d\u7167\u81ea\u5df1\u60f3\u505a\u77ed\u7dda\u9084\u662f\u504f\u6ce2\u6bb5\uff0c\u9078\u64c7\u9069\u5408\u7684\u5230\u671f\u65e5\u4f86\u64cd\u4f5c\uff0c\u9019\u4e5f\u662f\u9078\u64c7\u6b0a\u5728\u591c\u76e4\u975e\u5e38\u9748\u6d3b\u3001\u597d\u7528\u7684\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c14<\/figcaption><\/figure>\n\n\n\n

    \u518d\u4f86\u770b\u4e0b\u65b9\u9078\u64c7\u6b0a\u7684T\u5b57\u5831\u50f9\u8868\uff0c\u5de6\u908a\u662f\u8cb7\u6b0a\uff08Call\uff09\uff0c\u53f3\u908a\u662f\u8ce3\u6b0a\uff08Put\uff09\uff0c\u4e2d\u9593\u9ec3\u6846\u7684\u4f4d\u7f6e\u5247\u662f\u986f\u793a\u6210\u4ea4\u91cf\u3002<\/p>\n\n\n\n

    \u6211\u7279\u5225\u6a19\u8a3b\u9031\u56db\u4e0b\u53483\u9ede54\u5206\u7684\u6578\u64da\uff0c\u662f\u56e0\u70ba\u591c\u76e43\u9ede\u624d\u525b\u958b\uff0c\u6642\u9593\u9084\u4e0d\u5230\u4e00\u5c0f\u6642\uff0c\u53ef\u4ee5\u770b\u5230\u50cf9\u6708W4\u7684\u6210\u4ea4\u91cf\u53ea\u6709\u5e7e\u5341\u5230\u5e7e\u767e\u53e3\u3002\u4e5f\u662f\u5728\u63d0\u9192\u6211\u5011\uff1a\u591c\u76e4\u521d\u671f\u6d41\u52d5\u6027\u8f03\u4f4e\uff0c\u6210\u4ea4\u91cf\u8b8a\u5316\u672c\u8eab\u5c31\u662f\u5224\u65b7\u591c\u76e4\u8da8\u52e2\u7684\u91cd\u8981\u7dda\u7d22\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c15<\/figcaption><\/figure>\n\n\n\n

    \u90a3\u6211\u5011\u4f86\u770b\u5230\u540c\u6642\u9593\u7684\u9031\u4e94\u9078\uff0c\u4e5f\u5c31\u662f\u7b2c\u4e09\u500b\u79ae\u62dc\u4e94\u7684\u6210\u4ea4\u91cf\u537b\u660e\u986f\u653e\u5927\uff0c\u52d5\u8f12\u4e00\u5169\u5343\u53e3\u4ee5\u4e0a\uff0c\u7121\u8ad6Call\u6216Put\u90fd\u662f\u5982\u6b64\u3002\u9019\u4ee3\u8868\u5728\u591c\u76e4\u6642\u6bb5\uff0c\u9031\u4e94\u9078\u64c7\u6b0a\u7684\u6d41\u52d5\u6027\u660e\u986f\u512a\u65bc\u9031\u4e09\u9078\uff0c\u6210\u4ea4\u66f4\u52a0\u6d3b\u8e8d\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c16<\/figcaption><\/figure>\n\n\n\n

    \u6211\u5011\u518d\u4f86\u770b\u6708\u9078\u64c7\u6b0a\u7684\u6210\u4ea4\u91cf\u8868\u73fe\uff0c\u4ee510\u6708\u4efd\u7684\u9078\u64c7\u6b0a\u70ba\u4f8b\uff0c\u53ef\u4ee5\u5f88\u6e05\u695a\u770b\u5230\u6574\u9ad4\u4ea4\u6613\u91cf\u504f\u4f4e\u3002\u591a\u6578\u5c65\u7d04\u50f9\u7684\u6210\u4ea4\u91cf\u53ea\u6709\u5e7e\u53e3\uff0c\u50cf\u662f 3 \u53e3\u30015 \u53e3\u30019 \u53e3\uff0c\u7a0d\u5fae\u591a\u4e00\u9ede\u7684\u4e5f\u4e0d\u904e\u662f\u5e7e\u5341\u53e3\uff0c\u5c11\u6578\u624d\u5230\u4e00\u767e\u591a\u53e3\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c17<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u8457\u6211\u5011\u628a\u6642\u9593\u62c9\u5230\u665a\u4e0a7\u9ede20\u5206\uff0c\u4e5f\u5c31\u662f\u5f9e\u4e0b\u53483\u9ede\u591c\u76e4\u958b\u76e4\u5f8c\uff0c\u53c8\u904e\u4e86\u5e7e\u500b\u5c0f\u6642\u3002\u9019\u6642\u5019\u518d\u4f86\u770b\uff0c\u53ef\u4ee5\u5f88\u660e\u986f\u767c\u73fe\u6210\u4ea4\u91cf\u958b\u59cb\u653e\u5927\u3002<\/p>\n\n\n\n

    \u57283\u9ede\u591a\u7684\u6642\u5019\uff0c\u6210\u4ea4\u91cf\u5927\u591a\u53ea\u6709\u4e00\u3001\u5169\u767e\u53e3\uff0c\u4f46\u5230\u4e86\u665a\u4e0a7\u9ede\u591a\uff0c\u8cb7\u6b0a\u8207\u8ce3\u6b0a\u7684\u6210\u4ea4\u91cf\u90fd\u9678\u7e8c\u6210\u9577\u52301000\u591a\u53e3\uff0c\u751a\u81f3\u6709\u63a5\u8fd12000\u53e3\u7684\u6c34\u6e96\u3002\u9019\u4ee3\u8868\u96a8\u8457\u591c\u76e4\u6642\u9593\u63a8\u9032\uff0c\u5e02\u5834\u53c3\u8207\u8005\u958b\u59cb\u9032\u5834\uff0c\u6d41\u52d5\u6027\u4e5f\u9010\u6f38\u63d0\u5347\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c18<\/figcaption><\/figure>\n\n\n\n

    \u5982\u679c\u6211\u5011\u4f86\u770b\u9031\u4e94\u9078\u64c7\u6b0a\uff0c\u6210\u4ea4\u91cf\u5c31\u66f4\u660e\u986f\u653e\u5927\u4e86\u3002\u5f9e\u539f\u672c\u7684\u4e00\u3001\u5169\u5343\u53e3\uff0c\u76f4\u63a5\u8df3\u5230\u4e00\u842c\u591a\u53e3\uff0c\u7b49\u65bc\u653e\u5927\u4e86\u5c07\u8fd1\u5341\u500d\u3002\u9019\u4ee3\u8868\u5728\u79ae\u62dc\u56db\u665a\u4e0a\u4e03\u9ede\u5de6\u53f3\uff0c\u5e02\u5834\u7684\u4ea4\u6613\u91cd\u5fc3\uff0c\u5176\u5be6\u5df2\u7d93\u5f88\u660e\u78ba\u5730\u96c6\u4e2d\u5728\u9031\u4e94\u7d50\u7b97\u7684\u5468\u9078\u64c7\u6b0a\u4e0a\u3002<\/p>\n\n\n\n

    \u4e0d\u53ea\u662f\u8cb7\u6b0a\uff0c\u53f3\u908a\u7684\u8ce3\u6b0a\u4e5f\u662f\u4e00\u6a23\uff0c\u6210\u4ea4\u91cf\u540c\u6b65\u653e\u5927\u3002\u8ce3\u6b0a\u5f9e\u539f\u672c\u7684\u4e00\u5343\u591a\u53e3\uff0c\u6210\u9577\u5230\u4e03\u3001\u516b\u5343\u53e3\uff0c\u5e7e\u4e4e\u4e5f\u662f\u7ffb\u4e86\u597d\u5e7e\u500d\u3002\u9019\u8aaa\u660e\u5728\u79ae\u62dc\u56db\u665a\u4e0a\u7684\u591c\u76e4\u6642\u6bb5\uff0c\u591a\u6578\u4ea4\u6613\u4eba\u90fd\u9078\u64c7\u5728\u9031\u4e94\u9078\u64c7\u6b0a\u9032\u884c\u64cd\u4f5c\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c19<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u8457\u662f\u6708\u9078\u64c7\u6b0a\uff0c\u770b\u4e0b\u5716\u53ef\u77e5\u5b83\u53ea\u6709200\u3001400\u591a\u53e3\uff0c\u6210\u4ea4\u91cf\u975e\u5e38\u5c11\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c20<\/figcaption><\/figure>\n\n\n\n

    02-2. \u9078\u64c7\u6b0a\u4ea4\u6613\u539f\u5247<\/strong><\/h3>\n\n\n\n

    \u73fe\u5728\u4f60\u5c0d\u9078\u64c7\u6b0a\u4ea4\u6613\u6709\u4e00\u5b9a\u7684\u4e86\u89e3\u5f8c\uff0c\u6211\u5011\u8981\u4f86\u5206\u4eab\u7684\u662f\u9078\u64c7\u6b0a\u7684\u4ea4\u6613\u539f\u5247\u3002\u6709\u4ee5\u4e0b\u5e7e\u500b\u91cd\u9ede\u662f\u6295\u8cc7\u4eba\u4e00\u5b9a\u8981\u7279\u5225\u7559\u610f\u7684\u5730\u65b9\u3002<\/p>\n\n\n\n

    \u9996\u5148\u662f\u5546\u54c1\u6578\u91cf\u975e\u5e38\u591a\u3002\u56e0\u70ba\u540c\u6642\u6709\u597d\u5e7e\u500b\u6708\u4efd\uff0c\u6bcf\u500b\u6708\u4efd\u53c8\u6709\u5927\u91cf\u5c65\u7d04\u50f9\uff0c\u5149\u662f\u4e00\u500b\u6708\u4efd\u5c31\u53ef\u80fd\u51fa\u73fe\u4e0a\u767e\u500b\u5546\u54c1\uff0c\u518d\u52a0\u4e0a\u4e94\u500b\u6708\u9078\u3001\u56db\u500b\u9031\u9078\uff0c\u6574\u9ad4\u52a0\u8d77\u4f86\u662f\u4e0a\u5343\u6a94\u5546\u54c1\uff0c\u6210\u4ea4\u91cf\u81ea\u7136\u6703\u88ab\u56b4\u91cd\u5206\u6563\u3002\u4e5f\u56e0\u70ba\u6210\u4ea4\u91cf\u5206\u6563\uff0c\u9078\u64c7\u6b0a\u4e0d\u50cf\u53f0\u6307\u671f\u90a3\u6a23\u96c6\u4e2d\u5728\u55ae\u4e00\u5546\u54c1\u4e0a\uff0c\u6240\u4ee5\u4f60\u4e00\u5b9a\u8981\u770b\u300c\u6642\u9593\u300d\u4f86\u9078\u5546\u54c1\u3002\u50cf\u662f\u79ae\u62dc\u56db\u3001\u79ae\u62dc\u4e94\uff0c\u5e02\u5834\u8cc7\u91d1\u901a\u5e38\u6703\u96c6\u4e2d\u5728\u5373\u5c07\u7d50\u7b97\u7684\u9031\u4e94\u9078\u64c7\u6b0a\uff1b\u800c\u5728\u79ae\u62dc\u4e00\u5230\u79ae\u62dc\u4e09\uff0c\u6210\u4ea4\u91cf\u5247\u591a\u534a\u96c6\u4e2d\u5728\u9031\u4e09\u9078\u64c7\u6b0a\u3002\u5e02\u5834\u7684\u7279\u6027\u5c31\u662f\u504f\u597d\u5feb\u8981\u7d50\u7b97\u7684\u5546\u54c1\uff0c\u91cf\u624d\u6703\u51fa\u5f97\u4f86\u3002<\/p>\n\n\n\n

    \u81f3\u65bc\u6708\u9078\u64c7\u6b0a\uff0c\u6210\u4ea4\u91cf\u76f8\u5c0d\u504f\u5c0f\uff0c\u6d41\u52d5\u6027\u98a8\u96aa\u6bd4\u8f03\u9ad8\uff0c\u5c24\u5176\u5728\u591c\u76e4\u5bb9\u6613\u51fa\u73fe\u50f9\u5dee\u3002\u5982\u679c\u4f60\u8981\u7528\u6708\u9078\u505a\u504f\u9577\u7dda\u7684\u4ea4\u6613\uff0c\u5efa\u8b70\u4e00\u5b9a\u8981\u642d\u914d\u907f\u96aa\uff0c\u907f\u514d\u6025\u8457\u51fa\u5834\u6642\u88ab\u50f9\u5dee\u5403\u6389\u3002<\/p>\n\n\n\n

    \u7136\u5f8c\u518d\u4f86\u4e00\u500b\u91cd\u9ede\u662f\uff0c\u9078\u64c7\u6b0a\u7684\u6210\u4ea4\u91cf\u5176\u5be6\u4e26\u4e0d\u662f\u5e73\u5747\u5206\u5e03\u7684\u3002\u5927\u591a\u6578\u7684\u91cf\uff0c\u5f80\u5f80\u96c6\u4e2d\u5728\u50f9\u5916\u5e7e\u6a94\u5c65\u7d04\u50f9\u3002\u6240\u4ee5\u770b\u8d77\u4f86\u5546\u54c1\u5f88\u591a\uff0c\u4f46\u771f\u6b63\u6709\u6d41\u52d5\u6027\u7684\uff0c\u5176\u5be6\u5c31\u90a3\u5e7e\u500b\u50f9\u4f4d\u800c\u5df2\u3002\u7e3d\u7d50\u4f86\u8aaa\uff0c\u591c\u76e4\u4ea4\u6613\u9078\u64c7\u6b0a\u7684\u539f\u5247\u5f88\u7c21\u55ae\uff0c\u5c31\u662f\u512a\u5148\u9078\u64c7\u6210\u4ea4\u91cf\u5927\u7684\u5546\u54c1\uff0c\u770bT\u5b57\u5831\u50f9\u8868\uff0c\u54ea\u500b\u91cf\u5927\u5c31\u4ea4\u6613\u54ea\u500b\uff0c\u9019\u6a23\u98a8\u96aa\u6703\u5c0f\u5f88\u591a\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c21<\/figcaption><\/figure>\n\n\n\n

    \u6211\u5011\u9078\u64c725900\u7684call\uff0c\u56e0\u70ba\u5b83\u7684\u6210\u4ea4\u91cf\u6700\u5927\uff0c\u5927\u7d04\u6709\u4e00\u842c\u5169\u5343\u591a\u53e3\u3002\u63a5\u4e0b\u4f86\u5c31\u628a25900\u7684\u9078\u64c7\u6b0a\u6253\u958b\u4f86\uff0c\u53bb\u89c0\u5bdf\u5b83\u7684\u5831\u50f9\u8207\u8d70\u52e2\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c22<\/figcaption><\/figure>\n\n\n\n

    \u4e0b\u5716\u5c31\u662f25900\u7684\u9078\u64c7\u6b0aK\u7dda\u8d70\u52e2\u3002\u5982\u679c\u8981\u5728\u665a\u4e0a\u4ea4\u6613\u9078\u64c7\u6b0a\uff0c\u505a\u6cd5\u5176\u5be6\u5f88\u7c21\u55ae\uff0c\u5c31\u662f\u5148\u9078\u6210\u4ea4\u91cf\u6700\u5927\u7684\u5546\u54c1\uff0c\u518d\u628a\u5b83\u7684 K \u7dda\u5716\u6253\u958b\u4f86\u89c0\u5bdf\uff0c\u4f9d\u7167\u8d70\u52e2\u4f86\u505a\u4ea4\u6613\u3002<\/p>\n\n\n\n

    \u540c\u6a23\u7684\u65b9\u5f0f\uff0c\u6210\u4ea4\u91cf\u6700\u5927\u7684\u662f25500\u7684put\uff0c\u4e5f\u4e00\u6a23\u628a\u5b83\u6253\u958b\u4f86\u770b\u3002\u6700\u5f8c\u4f60\u518d\u4f9d\u7167\u884c\u60c5\u5224\u65b7\uff0c\u8981\u505a call \u9084\u662f\u505a put\uff0c\u9019\u6a23\u4ea4\u6613\u7684\u9806\u5e8f\u5c31\u5f88\u6e05\u695a\u4e86\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c23<\/figcaption><\/figure>\n\n\n\n
    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c24<\/figcaption><\/figure>\n\n\n\n

    \u6211\u5011\u4ee5\u4ea4\u661325900\u7684Call\u70ba\u4f8b\uff0cF3 \u4ee3\u8868\u7684\u662f\u7b2c\u4e09\u500b\u9031\u4e94\u7d50\u7b97\u3002<\/p>\n\n\n\n

    \u7576\u50f9\u683c\u8d70\u52e2\u5f80\u4e0a\u6642\uff0c\u5c31\u505a\u8cb7\u65b9\uff0c\u4e5f\u5c31\u662fBuy Call\uff1b\u7576\u884c\u60c5\u8f49\u5f31\u3001\u50f9\u683c\u5f80\u4e0b\u6642\uff0c\u5c31\u6539\u505a\u8ce3\u65b9\uff0c\u4e5f\u5c31\u662f Sell Call\u3002\u8a18\u4f4f\u9019\u500b\u91cd\u9ede\u5c31\u597d\uff1a\u4e0a\u6f32\u8cb7\u3001\u4e0b\u8dcc\u8ce3\uff0c\u8ddf\u8457\u50f9\u683c\u8d70\uff0c\u9078\u64c7\u6b0a\u4ea4\u6613\u6703\u55ae\u7d14\u5f88\u591a\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c25<\/figcaption><\/figure>\n\n\n\n

    \u90a3\u540c\u6a23\u7684\u6982\u5ff5\uff0c\u5982\u679c\u4f60\u4ea4\u6613\u7684\u5546\u54c1\u662f\u662f25500\u7684Put\uff0c\u4e00\u6a23\u5728\u884c\u60c5\u4e0a\u6f32\u6642\u505a\u8cb7\u65b9\uff0c\u5c31\u662fBuy Put\uff1b\u4e0b\u8dcc\u6642\u5247\u505a\u8ce3\u65b9\uff0c\u4e5f\u5c31\u662fSell Put\u3002<\/p>\n\n\n\n

    \u6240\u4ee5\u505a\u9078\u64c7\u6b0a\u4ea4\u6613\uff0c\u53ef\u4ee5\u76f4\u63a5\u770bK\u7dda\u5716\uff0c\u4e26\u5c07\u300c\u4e0a\u6f32\u505a\u8cb7\u65b9\u3001\u4e0b\u8dcc\u505a\u8cb7\u65b9\u300d\u7684\u539f\u5247\u8a18\u6e05\u695a\u5c31\u53ef\u4ee5\u4e86\uff01<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c25<\/figcaption><\/figure>\n\n\n\n

    \u53f0\u6307\u671f\u76e4\u5f8c03\uff1a\u591c\u76e4\u4ea4\u6613\u7b56\u7565\u8207WINSMART\u6848\u4f8b\u793a\u7bc4<\/mark><\/strong><\/h2>\n\n\n\n

    \u6587\u7ae0\u770b\u5230\u9019\u88e1\uff0c\u76f8\u4fe1\u4f60\u5c0d\u591c\u76e4\u4ea4\u6613\u5df2\u7d93\u6709\u4e86\u66f4\u591a\u7684\u6982\u5ff5\uff01\u6700\u5f8c\u6211\u5e6b\u4f60\u7d71\u6574\u4e86\u671f\u8ca8\u4ea4\u6613<\/a>\u3001\u9078\u64c7\u6b0a\u4ea4\u6613\u7684\u7b56\u7565\uff0c\u8b93\u6295\u8cc7\u4eba\u5c0d\u505a\u4ea4\u6613\u6642\u7684\u5224\u65b7\u80fd\u66f4\u52a0\u6e05\u6670\uff0c\u4e5f\u8981\u5c07WINSMART<\/a>\u81ea\u52d5\u5316\u4ea4\u6613\u8edf\u9ad4\uff0c\u9019\u9805\u975e\u5e38\u5be6\u7528\u7684\u4ea4\u6613\u5de5\u5177\u4ecb\u7d39\u7d66\u4f60\uff0c\u5b83\u53ef\u4ee5\u7e2e\u77ed\u4f60\u7684\u770b\u76e4\u6642\u9593\uff0c\u8b93\u4f60\u7528\u898f\u5f8b\u6027\u7684\u65b9\u5f0f\uff0c\u6709\u6548\u7387\u4e14\u8f15\u9b06\u5730\u5b8c\u6210\u6bcf\u4e00\u7b46\u4ea4\u6613\uff01\u73fe\u5728\u5c31\u8b93\u6211\u5011\u7e7c\u7e8c\u5f80\u4e0b\u770b\u5427\uff01<\/p>\n\n\n\n

    03-1. \u53f0\u6307\u671f\u591c\u76e4\u7b56\u7565+\u6848\u4f8b\u793a\u7bc4<\/strong><\/h3>\n\n\n\n

    \u63a5\u4e0b\u4f86\u5206\u4eab\u4e00\u500b\u53f0\u6307\u591c\u76e4<\/a>\u4ea4\u6613\u7b56\u7565\uff0c\u7b2c\u4e00\u500b\u91cd\u9ede\u662f\u98a8\u96aa\u63a7\u7ba1\uff0c\u55ae\u7b46\u4ea4\u6613\u7684\u640d\u5931\u9700\u63a7\u5236\u5728\u672c\u91d1\u7684 2% \u4ee5\u5167\uff0c\u907f\u514d\u8667\u640d\u904e\u5927\uff1b\u7b2c\u4e8c\u500b\u662f\u8da8\u52e2\u5224\u65b7\uff0c\u8da8\u52e2\u5411\u4e0a\u505a\u591a\uff0c\u8da8\u52e2\u5411\u4e0b\u505a\u7a7a<\/a>\uff0c\u4ea4\u6613\u5fc5\u9808\u9806\u8457\u884c\u60c5\u65b9\u5411\u9032\u884c\uff1b\u518d\u4f86\u662f\u9032\u5834\u6642\u4e00\u5b9a\u8981\u8a2d\u5b9a\u505c\u640d\uff1b\u53e6\u5916\uff0c\u82e5\u4e0d\u78ba\u5b9a\u884c\u60c5\u80fd\u8d70\u591a\u9060\uff0c\u4e5f\u53ef\u4ee5\u63a1\u7528\u96d9\u7b56\u7565\u64cd\u4f5c\uff0c\u4e00\u55ae\u504f\u77ed\u7dda\u3001\u4e00\u55ae\u504f\u9577\u7dda\uff0c\u8b93\u4ea4\u6613\u66f4\u6709\u5f48\u6027\uff01<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c26<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u8457\u4f86\u770b\u4e00\u4e0bWINSMART\u7684\u770b\u76e4\u756b\u9762\u3002\u900f\u904e\u4ea4\u6613\u8edf\u9ad4\u53ef\u4ee5\u540c\u6642\u4ea4\u6613\u591a\u500b\u5546\u54c1\uff0c\u751a\u81f3\u540c\u6642\u57f7\u884c\u591a\u7a2e\u4ea4\u6613\u7b56\u7565\u3002\u4ee5\u4e0b\u5716\u7684\u756b\u9762\u70ba\u4f8b\uff0c\u5de6\u53f3\u5169\u5074\u7686\u70ba\u53f0\u6307\u671f\u5546\u54c1\uff0c\u82e5\u4e0d\u78ba\u5b9a\u884c\u60c5\u6703\u8d70\u591a\u9060\uff0c\u5c31\u53ef\u4ee5\u5c07\u7b56\u7565\u62c6\u5206\u70ba\u77ed\u7dda\u8207\u9577\u7dda\uff0c\u540c\u4e00\u500b\u5546\u54c1\u540c\u6642\u7528\u4e0d\u540c\u7b56\u7565\u9032\u884c\u64cd\u4f5c\uff0c\u4e00\u500b\u8a2d\u5b9a\u77ed\u7dda\u53c3\u6578\uff0c\u4e00\u500b\u8a2d\u5b9a\u9577\u7dda\u53c3\u6578\u3002<\/p>\n\n\n\n

    \u4f8b\u5982\u5728\u505a\u591a\u7684\u60c5\u6cc1\u4e0b\uff0c\u53ef\u4ee5\u540c\u6642\u555f\u52d5\u7b56\u7565\u4e8c\u8207\u7b56\u7565\u4e09\uff0c\u5169\u500b\u7b56\u7565\u540c\u6642\u9032\u5834\u3002\u77ed\u7dda\u7b56\u7565\u9032\u5834\u5f8c\u7acb\u5373\u8a2d\u5b9a\u505c\u640d\u8207\u77ed\u7dda\u7372\u5229\u9ede\uff0c\u884c\u60c5\u9054\u6a19\u5373\u53ef\u51fa\u5834\u7372\u5229\uff1b\u5373\u4f7f\u77ed\u7dda\u904e\u65e9\u51fa\u5834\uff0c\u4ecd\u53ef\u7531\u9577\u7dda\u7b56\u7565\u7e7c\u7e8c\u6301\u6709\u90e8\u4f4d\uff0c\u638c\u63e1\u5f8c\u7e8c\u884c\u60c5\u3002<\/p>\n\n\n\n

    \u4e00\u822c\u4eba\u5f88\u96e3\u540c\u6642\u57f7\u884c\u591a\u7a2e\u7b56\u7565\uff0c\u4f46\u900f\u904e\u9019\u985e\u5177\u5099\u667a\u6167\u5316\u529f\u80fd\u7684\u4ea4\u6613\u5de5\u5177\uff0c\u53ea\u8981\u4e8b\u5148\u8a2d\u5b9a\u597d\u689d\u4ef6\uff0c\u5c31\u80fd\u8b93\u4e0d\u540c\u8996\u7a97\u5404\u81ea\u57f7\u884c\u77ed\u7dda\u6216\u9577\u7dda\u7b56\u7565\uff0c\u751a\u81f3\u540c\u6642\u9032\u884c\u591a\u7a7a\u64cd\u4f5c\uff0c\u8b93\u4ea4\u6613\u66f4\u6709\u5f48\u6027\u8207\u6548\u7387\u3002\u63a5\u4e0b\u4f86\u5c07\u9032\u4e00\u6b65\u8aaa\u660e\u77ed\u7dda\u8207\u9577\u7dda\u7b56\u7565\u7684\u8a2d\u5b9a\u65b9\u5f0f\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c28<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u4e0b\u4f86\u9032\u5165\u7b56\u7565\u8a2d\u5b9a\u7684\u8aaa\u660e\uff0c\u5148\u5f9e\u77ed\u7dda\u7b56\u7565\u958b\u59cb\u3002<\/p>\n\n\n\n

    \u77ed\u7dda\u7b56\u7565\u5728\u9032\u5834\u524d\uff0c\u7b2c\u4e00\u6b65\u5c31\u662f\u5148\u8a2d\u5b9a\u505c\u640d\u3002\u505c\u640d\u7684\u4f9d\u64da\u901a\u5e38\u6703\u53c3\u8003\u5e02\u5834\u6bcf\u65e5\u5e73\u5747\u6ce2\u52d5\u7684\u5927\u5c0f\uff0c\u4e00\u822c\u4ee514\u5929\u5e73\u5747ATR\u4f5c\u70ba\u57fa\u6e96\uff0c\u4f8b\u5982\u7d04\u70ba300\u9ede\uff0c\u77ed\u7dda\u4ea4\u6613<\/a>\u53ef\u6293\u5176\u4e2d\u768420%\u81f325%\u4f5c\u70ba\u505c\u640d\u53c3\u8003\u3002<\/p>\n\n\n\n

    \u5982\u679c\u4ee525%\u70ba\u4f8b\uff0c\u5927\u7d04\u662f75\u9ede\uff0c\u5be6\u52d9\u4e0a\u53ef\u53d6\u6574\u6578\u8a2d\u5b9a\u70ba80\u9ede\u4f5c\u70ba\u521d\u59cb\u505c\u640d\u3002\u540c\u6642\u4e5f\u53ef\u4ee5\u8a2d\u5b9a\u96d9\u91cd\u689d\u4ef6\uff0c\u4f8b\u5982\u4ee5\u65e5K ATR\u768425%\u6216\u56fa\u5b9a80\u9ede\u4f5c\u70ba\u505c\u640d\uff0c\u7cfb\u7d71\u6703\u81ea\u52d5\u9078\u64c7\u8f03\u5c0f\u8005\u57f7\u884c\u3002\u63a5\u8457\u518d\u52a0\u5165\u79fb\u52d5\u505c\u5229\u689d\u4ef6\uff0c\u4f8b\u5982\u8a2d\u5b9a3\u6839K\u68d2\u52a0123\u9ede\u4f5c\u70ba\u79fb\u52d5\u505c\u5229\uff0c\u4e26\u53e6\u5916\u8a2d\u5b9a\u76ee\u6a19\u50f9\/\u6eff\u8db3\u9ede<\/a>\uff0c\u82e5\u505c\u640d\u70ba80\u9ede\uff0c\u7372\u5229\u53ef\u8a2d\u70ba120\u9ede\u5373\u51fa\u5834\uff0c\u5f62\u6210\u7d041\u6bd41.5\u7684\u8cfa\u8ce0\u6bd4\uff0c\u9019\u5c31\u662f\u5178\u578b\u7684\u77ed\u7dda\u4ea4\u6613\u7b56\u7565\u8a2d\u5b9a\u65b9\u5f0f\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c29<\/figcaption><\/figure>\n\n\n\n

    \u7576\u5224\u65b7\u884c\u60c5\u6709\u4e0a\u6f32\u6a5f\u6703\u6642\u5373\u53ef\u5728\u5716\u4e2d\u7b2c\u4e00\u500b\u5713\u5708\u9032\u5834\u505a\u591a\uff0c\u9032\u5834\u5f8c\u7cfb\u7d71\u6703\u7acb\u5373\u5728\u4e0b\u65b9\u8a2d\u5b9a\u505c\u640d\uff0c\u4e26\u540c\u6642\u5728\u4e0a\u65b9\u9810\u5148\u639b\u597d\u505c\u5229\u55ae\u3002\u4f9d\u7167\u524d\u9762\u6240\u8a2d\u5b9a\u7684\u6a21\u578b\uff0c\u7576\u884c\u60c5\u4e0a\u6f32\u9054\u5230 120 \u9ede\u7684\u7372\u5229\u76ee\u6a19\u6642\u4fbf\u81ea\u52d5\u5728\u7b2c\u4e8c\u500b\u5713\u5708\u51fa\u5834\uff0c\u5b8c\u6210\u4e00\u6b21\u77ed\u7dda\u4ea4\u6613<\/a>\u3002<\/p>\n\n\n\n

    \u9019\u985e\u77ed\u7dda\u7b56\u7565\u8a2d\u5b9a\u5b8c\u6210\u5f8c\u53ef\u4ee5\u76f4\u63a5\u5132\u5b58\uff0c\u4f8b\u5982\u547d\u540d\u70ba\u300c120\u9ede\u77ed\u7dda\u505c\u5229\u300d\uff0c\u4e4b\u5f8c\u53ea\u8981\u5957\u7528\u8a72\u7b56\u7565\u5373\u53ef\u5feb\u901f\u9032\u5834\uff0c\u7121\u9700\u6bcf\u6b21\u91cd\u65b0\u8a2d\u5b9a\u53c3\u6578\uff0c\u8b93\u64cd\u4f5c\u6d41\u7a0b\u66f4\u52a0\u6d41\u66a2\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c30<\/figcaption><\/figure>\n\n\n\n

    \u4e0a\u8ff0\u662f\u7b2c\u4e00\u7a2e\u77ed\u7dda\u7b56\u7565\uff0c\u63a5\u4e0b\u4f86\u8aaa\u660e\u7b2c\u4e8c\u7a2e\uff0c\u4e5f\u5c31\u662f\u9577\u7dda\u7b56\u7565\u7684\u8a2d\u5b9a\u65b9\u5f0f\u3002\u82e5\u5e0c\u671b\u90e8\u4f4d\u80fd\u5920\u62b1\u5f97\u6bd4\u8f03\u4e45\uff0c\u53c3\u6578\u8a2d\u5b9a\u4e0a\u540c\u6a23\u53ef\u4ee5\u5148\u5047\u8a2d 80 \u9ede\u4f5c\u70ba\u505c\u640d\u57fa\u6e96\u3002<\/p>\n\n\n\n

    \u4e0d\u540c\u7684\u662f\uff0c\u9577\u7dda\u7b56\u7565\u4e0d\u518d\u8a2d\u5b9a\u56fa\u5b9a\u7684120\u9ede\u7372\u5229\u51fa\u5834\u689d\u4ef6\uff0c\u800c\u662f\u5c07\u8a72\u689d\u4ef6\u79fb\u9664\uff0c\u6539\u6210\u4f9d\u64daK\u68d2\u9ad8\u4f4e\u9ede\u9032\u884c\u79fb\u52d5\u505c\u5229\uff0c\u8b93\u90e8\u4f4d\u96a8\u8457\u884c\u60c5\u5ef6\u7e8c\u3002\u8a2d\u5b9a\u5b8c\u6210\u5f8c\uff0c\u540c\u6a23\u53ef\u4ee5\u5c07\u7b56\u7565\u5132\u5b58\uff0c\u4f8b\u5982\u547d\u540d\u70ba\u300cV3 \u9577\u7dda\u4ea4\u6613\u300d\uff0c\u6b64\u985e\u7b56\u7565\u8f03\u504f\u6ce2\u6bb5\u64cd\u4f5c\uff0c\u6709\u6a5f\u6703\u6301\u6709\u4e00\u5929\u751a\u81f3\u5169\u5929\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c31<\/figcaption><\/figure>\n\n\n\n

    \u7576\u884c\u60c5\u62c9\u56de\u6642\u6211\u5728\u7b2c\u4e00\u500b\u5713\u5708\u9032\u5834\u505a\u591a\u4e26\u7acb\u523b\u8a2d\u505c\u640d\uff0c\u9019\u662f\u5728\u591c\u76e4\u9032\u884c\u7684\u4ea4\u6613\u64cd\u4f5c\uff0c\u4e00\u822c\u6703\u5728\u665a\u9593\u516b\u9ede\u534a\u3001\u4e5d\u9ede\u534a\u4e4b\u5f8c\u958b\u59cb\u9032\u5834\u3002\u8207\u77ed\u7dda\u4e0d\u540c\u7684\u662f\uff0c\u9032\u5834\u5f8c\u4e0d\u6703\u9810\u5148\u8a2d\u5b9a\u56fa\u5b9a\u7684120\u9ede\u7372\u5229\u51fa\u5834\u689d\u4ef6\uff0c\u800c\u662f\u6539\u7528\u6700\u65b0\u4e09\u6839K\u68d2\u7684\u4f4e\u9ede\u5f80\u4e0b\u52a0123\u9ede\uff0c\u4f5c\u70ba\u85cd\u8272\u7684\u79fb\u52d5\u505c\u5229\u7dda\uff0c\u53ea\u8981\u884c\u60c5\u6c92\u6709\u62c9\u56de\u89f8\u53ca\u8a72\u505c\u5229\u7dda\uff0c\u90e8\u4f4d\u5c31\u6703\u6301\u7e8c\u62b1\u8457\u3002<\/p>\n\n\n\n

    \u900f\u904e\u9019\u6a23\u7684\u65b9\u5f0f\uff0c\u5c31\u80fd\u540c\u6642\u642d\u914d\u77ed\u7dda\u8207\u9577\u7dda\u5169\u7a2e\u7b56\u7565\uff0c\u77ed\u7dda\u9054\u6a19\u7372\u5229\u51fa\u5834\uff0c\u9577\u7dda\u5247\u7e7c\u7e8c\u6301\u6709\uff0c\u56e0\u70ba\u6c92\u6709\u4eba\u80fd\u78ba\u5b9a\u884c\u60c5\u6703\u8d70\u591a\u9060\u3002\u82e5\u9694\u5929\u884c\u60c5\u8d70\u51fa\u8da8\u52e2\u76e4\uff0c\u4e5f\u53ef\u4ee5\u591c\u76e4\u7684K\u7dda\u4f5c\u70ba\u5224\u65b7\u4f9d\u64da\uff0c\u4f8b\u5982\u591c\u76e4\u9ad8\u9ede\u88ab\u7a81\u7834\uff0c\u65e5\u76e4\u5f80\u5f80\u5bb9\u6613\u5ef6\u7e8c\u8da8\u52e2\uff0c\u6b64\u6642\u5373\u4f7f\u591c\u76e4\u672a\u9032\u5834\uff0c\u65e5\u76e4\u958b\u76e4\u5f8c\u4ecd\u53ef\u504f\u591a\u64cd\u4f5c\u3002<\/p>\n\n\n\n

    \u5728\u591c\u76e4\u9032\u5834\u5f8c\uff0c\u90e8\u4f4d\u4ea4\u7531WINSMART<\/a>\u81ea\u52d5\u7ba1\u7406\uff0c\u7cfb\u7d71\u6703\u6301\u7e8c\u8ffd\u8e64\u6700\u65b0\u4e09\u6839K\u68d2\u4f4e\u9ede\u52a0123\u9ede\u4f5c\u70ba\u79fb\u52d5\u505c\u5229\u8ecc\u8de1\uff0c\u53ea\u8981\u56de\u6a94\u672a\u89f8\u53ca\uff0c\u5c31\u6301\u7e8c\u62b1\u55ae\uff0c\u7d66\u884c\u60c5\u8f03\u5927\u7684\u56de\u6a94\u7a7a\u9593\u3002\u5f9e\u524d\u4e00\u500b\u591c\u76e4\u4e00\u8def\u5ef6\u7e8c\u5230\u9694\u65e5\u76e4\u4e2d\uff0c\u6700\u7d42\u50f9\u683c\u56de\u6e2c\u79fb\u52d5\u505c\u5229\u7dda\u800c\u51fa\u5834\uff0c\u672c\u6b21\u64cd\u4f5c\u6700\u7d42\u7372\u5229 24,650 \u5143\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c32<\/figcaption><\/figure>\n\n\n\n

    \u900f\u904eWINSMART\u9032\u884c\u4ea4\u6613\uff0c\u4f60\u4e0d\u9700\u8981\u71ac\u591c\u76ef\u76e4\uff0c\u4e5f\u4e0d\u9700\u8981\u52a0\u73ed\uff0c\u66f4\u4e0d\u7528\u53e6\u5916\u627e\u4eba\u5e6b\u5fd9\u64cd\u4f5c\uff0c\u7cfb\u7d71\u6703\u81ea\u52d5\u5728\u96fb\u8166\u524d\u6301\u7e8c\u76e3\u63a7\u884c\u60c5\u3002\u884c\u60c5\u62c9\u56de\u6642\u5373\u523b\u51fa\u5834\uff0c\u672a\u9054\u689d\u4ef6\u5247\u6301\u7e8c\u62b1\u55ae\uff0c\u8b93\u4ea4\u6613\u80fd\u5920\u4f9d\u7167\u8a2d\u5b9a\u908f\u8f2f\u7a69\u5b9a\u57f7\u884c\u3002\u4ee5\u525b\u624d\u7684\u6848\u4f8b\u4f86\u770b\uff0c\u77ed\u7dda\u7b56\u7565\u9054\u6210 120 \u9ede\u7372\u5229\u51fa\u5834\uff0c\u800c\u9577\u7dda\u7b56\u7565\u5247\u4e00\u8def\u62b1\u5230 493 \u9ede\u624d\u51fa\u5834\uff0c\u6b63\u597d\u5c55\u73fe\u77ed\u7dda\u8207\u9577\u7dda\u7b56\u7565\u540c\u6642\u904b\u4f5c\u7684\u6548\u679c\u3002<\/p>\n\n\n\n

    \u9019\u4e5f\u518d\u6b21\u8aaa\u660e\uff0c\u900f\u904e\u81ea\u52d5\u5316\u4ea4\u6613\u8edf\u9ad4\u53ef\u4ee5\u540c\u6642\u57f7\u884c\u591a\u500b\u7b56\u7565\uff0c\u4f8b\u5982\u5de6\u908a\u8996\u7a97\u8a2d\u5b9a\u77ed\u7dda\u3001\u53f3\u908a\u8996\u7a97\u8a2d\u5b9a\u9577\u7dda\uff0c\u751a\u81f3\u540c\u6642\u505a\u591a\u6216\u505a\u7a7a<\/a>\uff01<\/p>\n\n\n\n

    \u525b\u624d\u793a\u7bc4\u7684\u662f\u6a21\u64ec\u76e4\u64cd\u4f5c\uff0c\u8b93\u5927\u5bb6\u4e86\u89e3\u7cfb\u7d71\u7684\u904b\u4f5c\u65b9\u5f0f\uff1b\u5728\u5be6\u969b\u5e02\u5834\u4e2d\uff0c\u540c\u6a23\u80fd\u4f9d\u4e0d\u540c\u5546\u54c1\u8207\u884c\u60c5\u7279\u6027\u8abf\u6574\u53c3\u6578\u3002\u7531\u65bc\u884c\u60c5\u8d70\u52e2\u7121\u6cd5\u9810\u6e2c\uff0c\u540c\u6642\u914d\u7f6e\u77ed\u7dda\u8207\u9577\u7dda\u7b56\u7565\uff0c\u80fd\u5728\u98a8\u96aa\u63a7\u7ba1\u4e0b\u63d0\u5347\u6574\u9ad4\u4ea4\u6613\u5f48\u6027\uff0c\u7b49\u65bc\u8b93\u7cfb\u7d71\u300c\u5206\u8eab\u300d\u66ff\u4f60\u5168\u5929\u5019\u57f7\u884c\u4ea4\u6613\uff0c\u662f\u4e0d\u662f\u5f88\u65b9\u4fbf\u5462\uff01<\/p>\n\n\n\n

    03-1. \u9078\u64c7\u6b0a\u591c\u76e4\u7b56\u7565+\u6848\u4f8b\u793a\u7bc4<\/strong><\/h3>\n\n\n\n

    \u63a5\u8457\u4f86\u770b\u9078\u64c7\u6b0a\u7684\u591c\u76e4\u4ea4\u6613\u7b56\u7565\uff0c\u64cd\u4f5c\u908f\u8f2f\u8207\u671f\u8ca8\u76f8\u540c\u3002<\/p>\n\n\n\n

    \u9996\u5148\uff0c\u55ae\u7b46\u4ea4\u6613\u7684\u640d\u5931\u540c\u6a23\u63a7\u5236\u5728\u672c\u91d1\u7684 2% \u4ee5\u5167\uff0c\u518d\u4f9d\u64da\u9078\u64c7\u6b0a\u7684\u5831\u50f9\u8b8a\u5316\u9032\u884c\u4ea4\u6613\uff0c\u800c\u64cd\u4f5c\u53e3\u8a23\u5f88\u7c21\u55ae\uff1a\u300c\u4e0a\u6f32\u505a\u8cb7\u65b9\uff0c\u4e0b\u8dcc\u505a\u8ce3\u65b9\u300d\uff0c\u9032\u5834\u5f8c\u4e00\u6a23\u8981\u7acb\u523b\u8a2d\u5b9a\u505c\u640d\u3002\u7b56\u7565\u4e0a\u5247\u53ef\u4ee5\u642d\u914d\u4e00\u9577\u4e00\u77ed\u7684\u65b9\u5f0f\u9032\u884c\uff0c\u6216\u63a1\u7528\u5206\u6279\u505c\u5229\u7684\u65b9\u5f0f\u64cd\u4f5c\uff0c\u4e8b\u5148\u9810\u639b\u505c\u5229\u9ede\uff0c\u8b93\u4ea4\u6613\u4f9d\u7167\u898f\u5283\u81ea\u52d5\u57f7\u884c\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c34<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u4e0b\u4f86\u793a\u7bc4\u9078\u64c7\u6b0a\u7684\u5be6\u969b\u4ea4\u6613\u65b9\u5f0f\uff0c\u9019\u88e1\u4ee5\u4ea4\u6613 Call \u70ba\u4f8b\u3002\u9996\u5148\u8a2d\u5b9a\u505c\u640d\u689d\u4ef6\uff0c\u5047\u8a2d\u4ee5\u6b0a\u5229\u91d1\u768430%\u4f5c\u70ba\u505c\u640d\uff0c\u4f8b\u5982\u8cb7\u9032\u50f9\u683c\u70ba100\u5143\uff0c\u505c\u640d\u5c31\u8a2d\u572830\u5143\u3002\u63a5\u8457\u540c\u6a23\u52a0\u5165\u79fb\u52d5\u505c\u640d\u689d\u4ef6\uff0c\u4f9d\u64daK\u68d2\u9ad8\u4f4e\u9ede\u518d\u52a0\u4e0a20%\u4f5c\u70ba\u79fb\u52d5\u505c\u640d\u7684\u5224\u65b7\u4f9d\u64da\u3002<\/p>\n\n\n\n

    \u5728\u51fa\u5834\u7b56\u7565\u4e0a\uff0c\u53ef\u4ee5\u63a1\u7528\u5206\u6279\u51fa\u5834\u7684\u65b9\u5f0f\uff0c\u4f8b\u5982\u4e00\u6b21\u8cb7\u9032\u5169\u53e3\uff0c\u9054\u5230\u7372\u5229\u76ee\u6a19\u6642\u5148\u51fa\u4e00\u53e3\uff0c\u5047\u8a2d\u7372\u5229\u4e00\u500d\u5373\u5148\u51fa\u5834\u4e00\u53e3\uff0c\u8b93\u90e8\u4f4d\u9010\u6b65\u843d\u888b\u70ba\u5b89\u3002\u6574\u9ad4\u539f\u5247\u4ecd\u7136\u4e0d\u8b8a\uff0c\u8cb7\u65b9\u53ea\u505a\u4e0a\u6f32\u884c\u60c5\uff0c\u4e0a\u6f32\u505a\u8cb7\u65b9\u3001\u4e0b\u8dcc\u505a\u8ce3\u65b9\uff0c\u4f9d\u7167\u5831\u50f9\u8207\u8da8\u52e2\u9032\u884c\u64cd\u4f5c\u3002<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c35<\/figcaption><\/figure>\n\n\n\n

    \u63a5\u8457\u4f86\u770b\u5be6\u969b\u7684\u9078\u64c7\u6b0a\u4ea4\u6613\u793a\u7bc4\u3002\u4e0b\u5348\u958b\u76e4\u5f8c\uff0c\u884c\u60c5\u56de\u7a69\u4e26\u958b\u59cb\u4e0a\u6f32\uff0c\u56e0\u6b64\u9078\u64c7\u5728\u4e0b\u5716\u7684\u7b2c\u4e00\u500b\u9ede\u9032\u5834\u505a\u8cb7\u65b9\uff0c\u4e00\u6b21\u8cb7\u9032\u5169\u53e3\u3002\u8cb7\u9032\u7684\u5e73\u5747\u50f9\u683c\u70ba85\u5143\uff0c\u63db\u7b97\u4e0b\u4f86\u4e00\u53e3\u7d04 4,000 \u5143\uff0c\u5169\u53e3\u5171\u7d04 8,000 \u5143\uff0c\u9019\u5c31\u662f\u672c\u6b21\u9078\u64c7\u6b0a\u90e8\u4f4d\u7684\u5e02\u503c\u3002<\/p>\n\n\n\n

    \u9032\u5834\u5f8c\u6703\u7acb\u523b\u8a2d\u5b9a\u7372\u5229\u6eff\u8db3\u9ede\uff0c\u82e5\u7372\u5229\u9054\u5230\u4e00\u500d\uff0c\u7d04\u5728160\u5143\u9644\u8fd1\u4e5f\u5c31\u662f\u7b2c\u4e8c\u500b\u5713\u5708\u8655\u5148\u51fa\u5834\u4e00\u53e3\uff0c\u5148\u884c\u9396\u5b9a\u7372\u5229\uff1b\u5269\u4e0b\u7684\u4e00\u534a\u90e8\u4f4d\u5247\u6539\u7528\u85cd\u8272\u79fb\u52d5\u505c\u640d\u7dda\u6301\u7e8c\u8ddf\u55ae\uff0c\u8b93\u884c\u60c5\u7e7c\u7e8c\u767c\u5c55\u3002\u7531\u65bc\u884c\u60c5\u56de\u6a94\u5f80\u5f80\u901f\u5ea6\u5f88\u5feb\uff0c\u4eba\u5de5\u64cd\u4f5c\u5e38\u5e38\u4f86\u4e0d\u53ca\u53cd\u61c9\uff0c\u56e0\u6b64\u4e8b\u5148\u8a2d\u5b9a\u597d\u6eff\u8db3\u9ede\u8207\u79fb\u52d5\u505c\u640d\u689d\u4ef6\uff0c\u624d\u80fd\u907f\u514d\u539f\u672c\u7372\u5229\u537b\u56de\u5410\u8b8a\u6210\u8667\u640d\u7684\u60c5\u6cc1\u3002<\/p>\n\n\n\n

    \u4ee5\u672c\u6b21\u64cd\u4f5c\u4f86\u770b\uff0c\u6295\u5165\u7d04 8,000 \u5143\u8cc7\u91d1\uff0c\u6700\u7d42\u7372\u5229\u7d04 6,900 \u5143\uff0c\u63a5\u8fd1\u4e00\u500d\u5831\u916c\uff0c\u4e00\u53e3\u662f\u6eff\u8db3\u9ede\u51fa\u5834\uff0c\u4e00\u53e3\u5247\u662f\u62c9\u56de\u5f8c\u51fa\u5834\u3002\u9019\u985e\u8cb7\u65b9\u7b56\u7565\u7279\u5225\u9069\u5408\u5728\u591c\u76e4\u9032\u884c\uff0c\u900f\u904eWINSMART<\/a>\u9810\u5148\u8a2d\u5b9a\u597d\u689d\u4ef6\uff0c\u5c31\u80fd\u8b93\u7cfb\u7d71\u81ea\u52d5\u57f7\u884c\u4ea4\u6613\uff01<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c36<\/figcaption><\/figure>\n\n\n\n

    \u525b\u525b\u793a\u7bc4\u7684\u662fCall\u7684\u64cd\u4f5c\u65b9\u5f0f\uff0c\u800cPut\u7684\u908f\u8f2f\u76f8\u540c\uff0c\u884c\u60c5\u8d70\u5f31\u6642\u9032\u5834\u505a\u8ce3\u65b9\uff0c\u884c\u60c5\u8f49\u5f37\u5247\u505a\u8cb7\u65b9\u3002<\/p>\n\n\n\n

    \u9032\u5834\u5f8c\u540c\u6a23\u6703\u7acb\u523b\u9810\u639b\u76ee\u6a19\u50f9\/\u6eff\u8db3\u9ede<\/a>\uff0c\u4e26\u642d\u914d\u85cd\u8272\u79fb\u52d5\u505c\u5229\u7dda\u9032\u884c\u90e8\u4f4d\u7ba1\u7406\uff0c\u4e00\u500b\u7b56\u7565\u504f\u77ed\u7dda\uff0c\u4e00\u500b\u7b56\u7565\u504f\u9577\u7dda\uff0c\u4ea4\u7531\u7cfb\u7d71\u81ea\u52d5\u5224\u65b7\u51fa\u5834\u6642\u6a5f\u3002<\/p>\n\n\n\n

    \u5728\u9019\u6b21\u793a\u7bc4\u4e2d\uff0c\u9577\u7dda\u8207\u77ed\u7dda\u689d\u4ef6\u540c\u6642\u88ab\u89f8\u767c\u5f8c\u51fa\u5834\uff0c\u6295\u5165\u7d04 5,000 \u5143\u6210\u672c\uff0c\u6700\u7d42\u7372\u5229\u7d04 4,350 \u5143\u3002\u900f\u904e\u9019\u6a23\u7684\u65b9\u5f0f\uff0c\u4e0d\u8ad6\u662f\u591c\u76e4\u9032\u884c\u9078\u64c7\u6b0a\u7684\u5c0f\u984d\u64cd\u4f5c\uff0c\u6216\u662f\u642d\u914d\u671f\u8ca8\u4ea4\u6613<\/a>\uff0c\u90fd\u53ef\u4ee5\u5229\u7528WINSMART\u5f48\u6027\u53c3\u8207\u5e02\u5834\uff0c\u7121\u8ad6 Call \u6216 Put \u90fd\u80fd\u4f9d\u884c\u60c5\u689d\u4ef6\u9032\u884c\u64cd\u4f5c\uff01<\/p>\n\n\n\n

    \"\u53f0\u6307\u671f\u76e4\u5f8c\"
    \u53f0\u6307\u671f\u76e4\u5f8c37<\/figcaption><\/figure>\n\n\n\n

    \u90a3\u4eca\u5929\u7684\u6587\u7ae0\u5167\u5bb9\u5c31\u5230\u9019\u88e1\u7d50\u675f\u4e86\uff0c\u5982\u679c\u60f3\u4e86\u89e3\u9019\u9805\u597d\u7528\u7684\u4ea4\u6613\u5de5\u5177\uff0c\u6b61\u8fce\u5148\u8a02\u95b1\u6211\u7684YOUTUBE\u983b\u9053\uff1a\u300c\u9078\u64c7\u6b0a\u6416\u9322\u6a39<\/a>\u300d\uff0c\u4e5f\u53ef\u4ee5\u4f86\u53c3\u52a0\u514d\u8cbb\u7684WINSMART\u7dda\u4e0a\u5206\u4eab\u6703\uff0c\u7121\u9700\u51fa\u9580\u5373\u53ef\u7dda\u4e0a\u6536\u770b\uff0c\u5831\u540d\u8cc7\u8a0a\u6703\u653e\u5728\u5f71\u7247\u4e0b\u65b9\u3002\u82e5\u89c0\u770b\u5f71\u7247\u6642\u5df2\u932f\u904e\u7576\u6708\u5831\u540d\u6642\u9593\u4e5f\u4e0d\u7528\u64d4\u5fc3\uff0c\u56e0\u70ba\u8b1b\u5ea7\u6bcf\u500b\u6708\u90fd\u6703\u56fa\u5b9a\u8209\u8fa6\uff0c\u96a8\u6642\u90fd\u80fd\u53c3\u52a0\u6700\u65b0\u5834\u6b21\u54e6\uff01<\/p>\n\n\n\n

    \ud83d\udc49\u7acb\u5373\u5831\u540d >> <\/strong>WINSMART\u7dda\u4e0a\u5206\u4eab\u6703<\/strong><\/a><\/p>\n\n\n\n

    \"WINSMAR\u8070\u660e\u8d0f\u671f\u8ca8\u8edf\u9ad4-\u90e8\u843d\u683c\u5ee3\u544a\"<\/a><\/figure>\n\n\n\n

    \u5982\u679c\u60f3\u7d22\u53d6\u4eca\u5929\u7c21\u5831\uff0c\u53ef\u4ee5\u52a0\u5165\u6211\u5011\u7684 LINE\uff1a@optree<\/a>\uff0c\u8f38\u5165\u95dc\u9375\u5b57\u300c251015<\/strong>\u300d \u5373\u53ef\u53d6\u5f97\u672c\u6b21\u7c21\u5831\u5167\u5bb9\u3002\u611f\u8b1d\u5927\u5bb6\u770b\u5230\u9019\u88e1\uff0c\u6211\u5011\u4e0b\u6b21\u518d\u898b\u3002<\/p>\n\n\n\n

    \n