NTAP 技术面已超买（RSI 74-75），但动能偏多；说话者采取方向性做多仓位，在财报前持有约 1.5 个月。
逐段跳播
在这张NetApp的图表中，我们应该关注哪些趋势？该股近期创下历史新高，因此我们看到一些企业级混合云和公有云公司出现了一波上涨。
what trends should we look out for in this chart from NetApp? The stock recently hit all-time highs, so we've seen a surge in some of these enterprise hybrid and public cloud companies.
与三年前的水平相比，它已经上涨了超过200%。它大部分的抛物线式走势都发生在4月那个低点之后。所以，基本上在这次突破中，它们的表现很像“卖铲子”的角色。
where it has increased by more than 200% compared to its level 3 years ago. Most of its parabolic movement has occurred since that low in April. So, basically they're acting a lot like Picks and Shovels with this breakout.
HPE、NetApp，然后是Everpure。在存储系统方面，它们还有一些其他竞争对手。但Diane，这是整个板块的反映，它们都在向上爆发。
HPE, NetApp, and then there's Everpure. They also have some other competitors here when it comes to storage systems. But Diane, it's a reflection of the sector as a whole that they're all exploding on the upside.
这更接近于说：“嘿，我们最近看到了这种看涨的爆发。”你有一些营收事件的变动，我们在这里目睹了一次大幅向上跳升。
it's a lot closer to saying, " Hey, we've seen this bullish explosion recently." You have some revenue event movements where we've witnessed a big upward jump here.
我看到一根大阳线，随后立即反转。这为该股在每股约194美元附近提供了良好的基础。
I saw a large green candle, which immediately reversed. This serves as a good basis for the stock at around $194 per share.
所以，这里有很强的支撑，不仅是NetApp，整个板块都是如此。你看到了这里的动能。这正是情况可能变得有点吓人的地方。
So, there's a lot of support here, not just for NetApp, but for the overall sector. You see the momentum here. This is where things can get a little scary.
在RSI处于74-75水平的这一天，NetApp获得了上调评级。从技术层面看，RSI高于70就被视为超买或超卖。
You are getting an upgrade on NetApp on a day when the RSI is at the 74-75 level. Anything above 70 on the RSI is considered overbought or oversold on a technical level.
这并不意味着它不能继续走高，但从技术上看，它现在开始有所扩张。
Now, that does n't mean it can't go higher , but technically it's starting to expand a bit now.
如果它在某个时点开始反转，可能会有一些获利了结，或者由于宏观经济而出现一些抛售压力，我们今天在整个市场略微下跌中就看到了这一点。
If it starts to reverse at some point, maybe there could be some profit taking, or there could be some selling pressure due to the macroeconomics , which we are seeing today in the overall market going down a bit.
一年期图表显示，2026年涨幅超过100%，也许这反映了我们经常看到的分析师上调评级或上调目标价的呼吁。他们要到11月下旬或12月初才会发布财报。
The one-year chart reflects a gain of over 100 percent in 2026, Perhaps this is a reflection of the regular calls we see from analysts for upgrades or price target increases. They wo n't release earnings reports until late November or early December.
所以，我已经考虑到，也许我想避开那个事件风险，但我也想利用价格变动，直到收益到来，即使我避开了那个事件。
So, I've taken into account that maybe I want to avoid that event risk , but I also want to take advantage of price changes until the income comes in, even if I avoid the event.
我看的是稍微长一点的期限。我选择了11月的月度期权。这是一只高价值股票，对吧？所以，使用期权可以创造杠杆，让你能够做一笔方向性交易。
So, I'm looking at something a little bit longer term. I went for the November monthly option. Now, this is a high-value stock, right? So, using options can create leverage where you can take an directional trade.
在我的示例交易中，我看的是一个看涨看涨价差。如果你认为该股在未来一个半月还会进一步上涨。我已经转到了11月的月度周期。距离到期日还有44天。
For my example trade, I am looking at a bullish call vertical. If you think the stock will go up further in the next month and a half. I've moved on to the November monthly cycle.
There are 44 days left until the expiration date.
我会买入行权价为230的平值看涨期权。反过来，我会卖出行权价为260的看涨期权。也就是说，一个30美元的看涨看涨价差。为此我将支付大约10美元的借方成本。
I will buy the at-the-money call with a strike price of 230. And conversely, I will sell the call with a strike price of 260. That is, a $30 bullish call vertical. I will pay a debit of approximately $10 for this.
所以，我的风险将是这个看涨看涨价差宽度的三分之一，每份价差约1,000美元，而它有可能扩大到3,000美元，对吧？30美元。如果它涨到260美元价位之上。
So, my risk would be one-third of the width of the bullish call vertical , about $1,000 per spread, where it has the potential to stretch to $3,000 , right? 30 dollars. If it rises above the $260 price level.
如果我支付那10美元的借方成本，我的盈亏平衡点将上升到240美元。这大约比当前股价高4%，而我有44天的时间持有这个头寸。
If I pay that $10 debit , my break-even will increase to $240. This is about 4% above the current share price and I have 44 days to hold this position.
所以，我给了自己足够的时间。我避开了财报事件风险，但这给了我未来一个半月在NetApp上的上行优势，如果你认为它还会走高的话。
So, I gave myself enough time. I'm avoiding earnings event risk, but it's giving me an upside advantage on NetApp over the next month and a half, if you think it's going to go higher.
如果你看那个240美元的盈亏平衡点，如果该股涨到那之上，那将是该股的新历史高点。我认为，买入这类带有方向性偏向的价差的关键之一，是我在这个头寸上有44天。
If you look at that $240 break-even, that would be a new all-time high for the stock if it moves above that. I think one of the key things about buying this type of directional biased vertical is that I have 44 days in this position.
我必须等44天才能平掉这笔交易吗？不，完全不用。如果股价开始上涨并升破盈亏平衡点，这个价差的价格就会开始上升。
Do I have to wait 44 days to close this trade ? No, not at all. If the stock price starts to rise and goes above break-even, this vertical price will start to increase.
这给了你在到期前全部或部分平掉头寸的机会或选择。所以，这给了你一些灵活性。如果隐含波动率水平开始上升，它也可能推高它。
This gives you the opportunity or option to close your position completely or partially before expiration. So, that gives you some flexibility here. If the level of implied volatility starts to rise, it could also increase it.
不过，如果你认为NetApp的股价会上涨，那么这个头寸就必须朝着价格上涨的方向走。那么，我为什么选择这个260的行权价来对冲我持有的230行权价的多头？期权市场已经为11月期权系列的上行正负波动定出了这个价格。
However, if you think that NetApp 's share price will increase, then this position must go in the direction of the price increase. Now, why did I choose this 260 strike to sell against my long 230 strike ?
The options market has set this price for a plus or minus movement to the upside for the November options series.
观察点
这个频道对 $NTAP 的历次判断
Schwab Network 在这只股票上共 5 条判断，这里只列相邻的几条。