· 个股论点
我认为 $ETOR 被严重低估，市场将一家持有超10亿美元现金的经纪商定价为33亿美元市值，其复利效应堪比盈透证券(IBKR)，这高呼低估。 $VIRT 更多是对冲成长股的工具，但我认为它也被低估了。所以我称之为非对称对冲(asymmetrical hedge)，这比购买隐含波动率(IV)更高的 $VIX 要好。 我将对两者进行成本平均法(cost average)建仓，论点未变。不过请查看我关于仓位配置的其他帖子，我不会将任一标的仓位超过组合的5%，但如果信心极高，最多可分配30%。
I think $ETOR is incredibly undervalued, market pricing a brokerage holding 1b+ cash at a 3.3B market cap, compounding like IBKR screams undervalued. $VIRT was more of a hedge against growth stocks but I think it's undervalued. So I said asymmetrical hedge which was good instead of buying $VIX with higher IV. I'll cost average both, thesis hasn't changed. Do look at my other posts around positioning though, I wouldn't give more than 5% of my portfolio to either but if there's high conviction maybe up to 30% allocation.