V2EX short-sale

Short Sale

Definition / 释义

short sale(卖空;做空):一种交易方式,投资者先借入股票/资产并卖出,期待价格下跌后再以更低价格买回归还,从中赚取差价。
(也常见另一义:房地产中的 short sale(短售),指房屋以低于贷款余额的价格出售并经贷款方同意。)

Examples / 例句

I made a profit on a short sale when the stock dropped.
当股价下跌时,我通过卖空赚了钱。

The fund executed a short sale to hedge its exposure, but an unexpected rally forced it to buy back shares at a loss.
该基金为对冲风险进行了卖空操作,但意外的上涨迫使它高价回补股票而亏损。

Pronunciation / 发音

/rt sel/(美式常见:/rt sel/)

Etymology / 词源

short 在金融语境中引申为“做空、持有空头头寸”(与 long “做多”相对);sale 为“出售”。合起来 short sale 字面是“空头式的出售”,即先卖出(通常靠借入)再买回。

Related Words / 相关词

Literary & Notable Works / 文学与著名作品

  • Michael Lewis《The Big Short》(《大空头》):围绕做空与金融危机背景,频繁涉及“short/short selling/short sale”等概念。
  • Edwin Lefèvre《Reminiscences of a Stock Operator》(《股票作手回忆录》):以经典交易叙事呈现做空与回补等操作逻辑。
  • Frank J. Fabozzi 等《Handbook of Financial Markets》(金融市场类工具书/教材):在市场机制章节中讨论卖空(short sale)的规则与影响。
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