[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio86fd62df":3},{"user":4,"document":8,"mainDocument":29,"columnUrl":31,"subscription":32,"footer":44,"text":79},{"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":25,"videoId":6,"liveVideoUrl":6,"duration":26,"price":26,"priceText":27,"priceBadgeText":27,"priceBadgeClass":28,"freeForMinGroupLevel":26,"redirectUrl":6,"readyToStream":5},"dcio86fd62df","7.1万亿美元期权合约到期，美股“疯狂一日”即将爆发！","\u002Fdoc\u002Fdcio86fd62df","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>美股盘前，\u003Cstrong>最新公布的11月核心CPI同比上涨2.6%\u003C\u002Fstrong>，这不仅低于预期，还刷出了2021年以来的新低。尽管数据里掺杂了一些Z府停摆导致的采样波动，\u003Cstrong>但通胀放缓的大势已定\u003C\u002Fstrong>。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1011,595\">\u003Cimg style=\"aspect-ratio:1011\u002F595;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_fd8b4a625c584c128c1436b6f667aa37@5576020_oswg258214oswg1011oswg595_img_000\" width=\"1011\" height=\"595\">\u003C\u002Ffigure>\u003Cp>美联储主席最热门人选之一、白宫国家经济委员会主任\u003Cstrong>凯文·哈塞特\u003C\u002Fstrong>对最新公布的11月CPI报告予以正面评价。\u003C\u002Fp>\u003Cp>他在接受采访时称，\u003Cstrong>这份CPI数据“好得令人震惊”\u003C\u002Fstrong>，并指出工资增速已快于物价上涨，同时预计明年美国纳税人将获得可观的退税，Z府将为推动抵押贷款利率下降提供支持。基于这些因素，他认为美联储拥有很大的降息空间。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,567\">\u003Cimg style=\"aspect-ratio:1080\u002F567;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_9110821f95954459ac1a3afe4c39241d@5576020_oswg582375oswg1080oswg567_img_000\" width=\"1080\" height=\"567\">\u003C\u002Ffigure>\u003Cp>哈塞特进一步构建了一个经济叙事框架：随着总供给端的大力推进，价格形成的下行压力正在显现，这一供给侧改善将长期抑制通胀，为未来降息创造条件。他还强调美联储应提高透明度，让市场更清楚理解央行的政策方向。\u003C\u002Fp>\u003Cp>在这一背景下，交易员随即调整押注，市场对\u003Cstrong>2026年更激进宽松路径的预期有所升温\u003C\u002Fstrong>，特别是对明年3月降息的概率在数据公布后显著回升。这反映出市场正在博弈在通胀回落的前提下，美联储可能更早启动降息周期。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,709\">\u003Cimg style=\"aspect-ratio:1080\u002F709;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_0fec27dfddfc4ff688ad466a3a9f45ac@5576020_oswg77841oswg1080oswg709_img_000\" width=\"1080\" height=\"709\">\u003C\u002Ffigure>\u003Cp>\u003Cstrong>6800点的“引力”与“排斥”\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>然而，宏观的乐观情绪在美东时间中午遭遇了技术面的阻击。\u003C\u002Fp>\u003Cp>标普500在试图冲击关键水位时，盘面突然出现剧烈波动。纳指在逼近50日均线关键技术位后，触发了量化基金与高杠杆多头的集中减仓指令。抛压在短时间内迅速自我强化，这种近乎“断裂式”的走势，根源在于目前市场极度脆弱的Gamma结构。\u003C\u002Fp>\u003Cp>根据美股大数据StockWe.com的技术监测，标普500目前处于6700至6900点的“负Gamma”区间。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1024,516\">\u003Cimg style=\"aspect-ratio:1024\u002F516;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_b283e654822c42cca6ae0c84b411bed0@5576020_oswg210984oswg1024oswg516_img_000\" width=\"1024\" height=\"516\">\u003C\u002Ffigure>\u003Cp>在这一环境下，期权做市商的对冲行为不仅不会平抑波动，反而会放大跌幅。尤其是当指数触及6800点这一心理与技术双重关口时，由于缺乏“正Gamma”的缓冲垫，任何微小的撤退都可能演变为系统性的抛售。\u003C\u002Fp>\u003Cp>市场唯有站稳6800点上方，才能转入由卖出看跌期权支撑的稳定状态，但今天尾盘出现140亿美元的SPY看涨CALL成交，对比Put只有2.5亿美元，到期日是明天12月19日，深度价内期权\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1031,827\">\u003Cimg style=\"aspect-ratio:1031\u002F827;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_7ae27b2c4efa46a7a77985eedd616cdf@5576020_oswg166555oswg1031oswg827_img_000\" width=\"1031\" height=\"827\">\u003C\u002Ffigure>\u003Cp>\u003Cstrong>“四巫日”风暴来袭\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>在美股结构上，这种不稳定性表现为极度的分化。标普500虽然最终收涨0.8%，终结了四连跌的颓势，但功劳几乎全归属于科技七巨头。剩余的493只成分股表现平平，显示出资金在防御心理驱动下，依然向具有极致确定性的权重蓝筹靠拢。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"554,194\">\u003Cimg style=\"aspect-ratio:554\u002F194;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_e1cace8e276b4a69ae5dc0e8c32cbd1b@5576020_oswg25537oswg554oswg194_img_000\" width=\"554\" height=\"194\">\u003C\u002Ffigure>\u003Cfigure class=\"image\" data-img-size-val=\"1080,641\">\u003Cimg style=\"aspect-ratio:1080\u002F641;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_cfa86352af5148b38726e65ac758f56e@5576020_oswg380468oswg1080oswg641_img_000\" width=\"1080\" height=\"641\">\u003C\u002Ffigure>\u003Cp>\u003Cstrong>压制多头的最新一座大山是周五即将到来的史上最大规模期权到期。\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>据高盛数据，本周五将有超过7.1万亿美元名义价值的期权合约到期，创下历史最高纪录。这一天是所谓的“四巫日”，即股指期货、股指期权、个股期货和个股期权同时到期的日子，这种集中到期通常会放大市场交易量和波动性。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"758,339\">\u003Cimg style=\"aspect-ratio:758\u002F339;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_873597d9b7db46a4b8d7554557cac106@5576020_oswg108281oswg758oswg339_img_000\" width=\"758\" height=\"339\">\u003C\u002Ffigure>\u003Cp>在0DTE（零日到期期权）占据成交总量六成的当下，这种“末日轮”博弈将极大地干扰真实的资产定价，甚至导致市场价格在短期内严重偏离基本面。\u003C\u002Fp>\u003Cp>美股投资网分析认为，现在的博弈已经从“通胀数据好不好”转向了“流动性能不能扛住挤压”。在周五这史上最大规模的OpEx（期权到期）尘埃落定之前，\u003Cstrong>6800点的拉锯战就是一场深度的压力测试。\u003C\u002Fstrong>对于股民来说，与其盲目追涨，不如观察6800点能否在震荡后形成有效支撑。\u003C\u002Fp>\u003Cp>\u003Cstrong>美股投资网机会\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>今天表现亮眼的是美光，财报使其收盘大涨超10%。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"425,120\">\u003Cimg style=\"aspect-ratio:425\u002F120;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_80c756ac08a44be498f449a3bd785110@5576020_oswg18417oswg425oswg120_img_000\" width=\"425\" height=\"120\">\u003C\u002Ffigure>\u003Cp>第一财季各项数据全线超越市场预期，但真正点燃投资者情绪的，是那个堪称“炸裂”的第二财季指引。美光预计营收将达到187亿美元（±4亿美元），而此前华尔街分析师给出的预估值仅为143.8亿美元。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,544\">\u003Cimg style=\"aspect-ratio:1080\u002F544;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_c7a09f2fb52240c18a279fd1f8564c46@5576020_oswg128928oswg1080oswg544_img_000\" width=\"1080\" height=\"544\">\u003C\u002Ffigure>\u003Cp>足足40亿美元的预期差，意味着美光手里的订单已经不是“多”的问题，而是由于市场极度饥渴，供需天平正在发生剧烈的倾斜。\u003C\u002Fp>\u003Cp>美光的爆发绝非偶然。在当前的算力体系中，“以存代算”已成为行业共识。随着大模型参数的指数级增长和自动驾驶技术的落地，存储端正成为限制AI性能的“木桶短板”。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"830,467\">\u003Cimg style=\"aspect-ratio:830\u002F467;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251219\u002Fv2_1b1066ab3f1c4ecb94738733da85b5c7@5576020_oswg62658oswg830oswg467_img_000\" alt=\"Micron: A Lever On AI Growth (NASDAQ:MU) | Seeking Alpha\" width=\"830\" height=\"467\">\u003C\u002Ffigure>\u003Cp>数据显示，一台AI服务器对DRAM（随机存取存储器）的需求量是普通服务器的8倍，对NAND Flash（闪存）的需求更是高达3倍。这种需求端的结构性爆发，直接导致了价格端的暴力拉升。\u003C\u002Fp>\u003Cp>三季度至今，全球DRAM和NAND Flash价格累计涨幅已超过300%，企业几乎是在“躺着赚差价”。这种“需求爆、价格涨”的双重共振，就是存储行业逻辑反转的最强底气。\u003C\u002Fp>\u003Cp>市场的这波大涨，早在我们的预料之中。十月初我们就发表深度文章\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5ODU5NjIzMg==&mid=2917162397&idx=1&sn=3ea59b62084b10d6b52e9904db16145f&scene=21#wechat_redirect\" _href=\"https:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5ODU5NjIzMg==&mid=2917162397&idx=1&sn=3ea59b62084b10d6b52e9904db16145f&scene=21#wechat_redirect\">\u003Cstrong>《美股 别只盯着英伟达了！AI存储硬盘才是最大赢家，四大牛公司名单曝光！》\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\u003Cp>MU从167美元飙升至248美元，涨幅达48.5%；\u003C\u002Fp>\u003Cp>SNDK从121美元暴涨至219美元，涨幅高达81%；\u003C\u002Fp>\u003Cp>WDC从120美元稳步攀升至175美元，涨幅45.8%；\u003C\u002Fp>\u003Cp>STX从236美元上行至292美元，涨幅23.7%。\u003C\u002Fp>\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202512-stk\u002FUploadernyrh1bag2m4_2025_12_18_17_23_02.jpg","2025-12-19T01:21:29.527","2025.12.19","2025\u002F12\u002F19",51212,[22,23,24],"MU","SNDK","WDC","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":30,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":25,"videoId":6,"liveVideoUrl":6,"duration":26,"price":26,"priceText":27,"priceBadgeText":27,"priceBadgeClass":28,"freeForMinGroupLevel":26,"redirectUrl":6,"readyToStream":5},[22,23,24],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":33,"services":34,"recentDocuments":43},"\u003Cfigure 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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":80,"search":81,"searchPlaceholder":81,"hotContent":82,"draft":83,"noData":84,"searchNoData":85,"edit":86,"editVideo":87,"courseContent":88,"more":89,"buyNow":90,"subscribeNow":91,"encoding":92,"paidContent":93},"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"]