[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio50df6313":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio50df6313","“财报魔咒”难破？英伟达(NVDA)股价绩前回调-期权多头艰难闯关","\u002Fdoc\u002Fdcio50df6313","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，本周市场目光聚焦AI巨头英伟达(NVDA)，公司将于5月20日(周三)美股盘后公布2027财年一季度财报。作为牵动科技赛道乃至大盘走向的核心风向标，英伟达业绩早已超越个股范畴，左右全市场投资情绪。而在财报靴子落地前夕，英伟达股价大幅回调，多头陷入艰难的逆势博弈之中。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">英伟达股价绩前下跌，多头逆势布局\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">期权交易圈流传着一句经典行话“Sell a tiny, buy a Lamborghini”，直白来说就是“沽空微权合约，终提兰博基尼”。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这句话精准概括了一种高胜率的期权交易策略交易者卖出价格低廉、行权希望渺茫的虚值期权，稳稳赚取权利金。日积月累，靠这类小额收益便能积攒可观利润。而与之相对的，就是接手这些廉价期权、最终血本无归的买方投资者。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">而本周一英伟达的股价走势，正是这一交易逻辑最真实的写照。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">英伟达股价周一走低，较上周四的高点下跌超过6.5%，这让英伟达期权交易者再度迎来艰难交易日，大批热门短期看涨合约价值再度大幅缩水甚至直接归零。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">SpotGamma汇编的数据显示，截至周一中午，英伟达期权交易中超过15%的合约将于当日收盘时到期。其中最热门的合约包括行权价为225美元和222.5美元的看涨期权，交易量均超过22万张。令人唏嘘的是，这类合约上周五尚且处于实值盈利状态，仅仅一个交易日便因股价回调沦为废纸，一文不值。这与上周五的情况如出一辙，当时行权价为235美元的看涨期权、共计1.14亿美元权利金因英伟达股价回落而悉数蒸发，跟风押注的短线投资者损失惨重。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">尽管股价持续走弱、短期期权频频“爆雷”，但多头并未投降。周一，英伟达期权交易量位居市场第五，仅次于基准股指和特斯拉，成交量超过300万份合约，期权总权利金规模突破13亿美元，其中看涨期权占比高达10亿美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据 ThinkOrSwim 的数据，周一英伟达看涨期权的成交量是看跌期权的两倍多，但多数看涨期权以买一价或更低价位成交，这意味着这些看涨期权大概率是被投资者抛售，而非主动买入。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">即便如此，市场中仍有坚定的多头力量在逆势布局。当日四笔超大额英伟达期权交易，均为多头资金大手笔买入本周五到期的高价实值看涨期权，单笔交易金额均不低于 1000 万美元。侧面反映出部分专业投资者依然看好英伟达财报表现，愿意押注业绩超预期带来的股价反弹。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据芝加哥期权交易所 (Cboe) LiveVol 的数据，交易者预计英伟达财报前后股价波动幅度可达6.25%，与通常预期基本持平，但高于3.2%的平均实际波动幅度。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">对于当前手握看涨期权的投资者而言，局势尤为严峻。历史数据显示，英伟达近三次财报披露后股价均下跌，其中今年2月财报出炉后股价大跌5.5%，“财报魔咒”的阴影持续笼罩。多头想要在本次财报中逆风翻盘，难度可想而知。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">英伟达财报有多重要?\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">归根结底，英伟达财报前夕的期权博弈，本质上是市场对AI龙头未来走势的分歧体现。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">周三美股盘后，随着财报靴子的落地，这场多空博弈将迎来阶段性答案，而英伟达的业绩表现不仅影响自身股价，更将成为AI赛道以及整体科技股的“风向标”，引领后续行情走向。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">市场普遍预期，英伟达第一季度每股收益(EPS)为1.76美元，营收为787.5亿美元，远高于该公司上年同期的0.96美元每股收益和440.6亿美元营收。数据中心业务收入有望达到728.5亿美元，远高于上年同期的391.1亿美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据报道，财报公布前夕，多家华尔街大行对英伟达持乐观看法并上调目标价美国银行将英伟达目标价由300美元上调至320美元，富国银行将目标价从265美元大幅上调至315美元;瑞银则将目标价从245美元上调至275美元;摩根士丹利将目标价由260美元上调至285美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">值得注意的是，此前英伟达首席执行官黄仁勋随同美方高层完成访华行程，此次财报会上有关对华合作布局的言论将成为市场焦点。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">此前有消息称，美方已批准阿里巴巴、腾讯、字节跳动等行业巨头采购英伟达H200系列芯片，该消息也一度推动英伟达股价创下历史新高，市值突破5.7万亿美元大关。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">不过，瑞银分析师Tim Arcuri指出，近几个月来，投资者一直持谨慎态度，只有一份绝对出色的财报才能彻底提振市场信心。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">截至周一收盘，英伟达跌1.33%，报222.32美元，年内股价累计上涨19%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FN\u002FNVDA\u002FNVDA.jpg","2026-05-19T14:42:45","2026.05.19","2026\u002F05\u002F19",48795,[22],"NVDA","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]