{"id":34406,"date":"2026-05-15T10:26:15","date_gmt":"2026-05-15T08:26:15","guid":{"rendered":"https:\/\/staging.volbeast.com\/?p=34406"},"modified":"2026-08-04T14:36:53","modified_gmt":"2026-08-04T12:36:53","slug":"co-jsou-opce","status":"publish","type":"post","link":"https:\/\/volbeast.com\/cs\/blog\/co-jsou-opce\/","title":{"rendered":"Co jsou opce?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"34406\" class=\"elementor elementor-34406\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92ed422 e-con-full vb-article e-flex e-con e-parent\" data-id=\"92ed422\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a29de0c vb-answer-first elementor-widget elementor-widget-text-editor\" data-id=\"a29de0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce jsou finan\u010dn\u00ed deriv\u00e1ty, kter\u00e9 d\u00e1vaj\u00ed kupuj\u00edc\u00edmu pr\u00e1vo, ne povinnost, koupit nebo prodat podkladov\u00e9 aktivum za p\u0159edem danou cenu do ur\u010dit\u00e9ho data. V tradingu se pou\u017e\u00edvaj\u00ed ke spekulaci, zaji\u0161t\u011bn\u00ed rizika nebo jako sou\u010d\u00e1st \u0161ir\u0161\u00edho obchodn\u00edho syst\u00e9mu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a37bb5 elementor-toc--minimized-on-mobile vb-toc elementor-widget elementor-widget-table-of-contents\" data-id=\"8a37bb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;container&quot;:&quot;.vb-article&quot;,&quot;exclude_headings_by_selector&quot;:&quot;.vb-toc-exclude&quot;,&quot;minimized_on&quot;:&quot;mobile&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<div class=\"elementor-toc__header-title\">\n\t\t\t\tObsah \u010dl\u00e1nku\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__8a37bb5\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__8a37bb5\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__8a37bb5\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-888bfa0 elementor-widget elementor-widget-text-editor\" data-id=\"888bfa0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To je stru\u010dn\u00e1 definice. Sama o sob\u011b nesta\u010d\u00ed.<\/p><p>Kl\u00ed\u010dov\u00e9 na opc\u00edch je jin\u00fd druh flexibility, ne\u017e nab\u00edzej\u00ed akcie.<\/p><p>Kdy\u017e koup\u00ed\u0161 akcii, s\u00e1z\u00ed\u0161 na jeden sc\u00e9n\u00e1\u0159: cena mus\u00ed j\u00edt nahoru. Opce funguj\u00ed jinak. M\u016f\u017ee\u0161 postavit pozici pro r\u016fst, pro pokles, ale i pro situaci, kdy trh stoj\u00ed nebo se pohybuje v p\u00e1smu. U \u0159ady konstrukc\u00ed nav\u00edc v\u00ed\u0161 p\u0159edem p\u0159esn\u011b, kolik riskuje\u0161. Neobchoduje\u0161 jen odhad sm\u011bru \u2014 pracuje\u0161 se sc\u00e9n\u00e1\u0159em.<\/p><p>To je ten posun.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1e1c8b elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"f1e1c8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tVe Volbeast se na opce d\u00edv\u00e1me jako na n\u00e1stroj pro pr\u00e1ci se sc\u00e9n\u00e1\u0159em \u2014 neh\u00e1d\u00e1me, kam trh p\u016fjde.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20b1e72 elementor-widget elementor-widget-text-editor\" data-id=\"20b1e72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce maj\u00ed v\u00edc prom\u011bnn\u00fdch ne\u017e akcie. To je d\u016fvod m\u00edt proces \u2014 ne d\u016fvod se jim vyh\u00fdbat. Bez pravidel se v t\u011bch prom\u011bnn\u00fdch ztrat\u00ed\u0161. S pravidly pracuje\u0161 s trhem jinak ne\u017e v\u011bt\u0161ina.<\/p><p>Nejde jen o ot\u00e1zku: \u201eP\u016fjde trh nahoru, nebo dol\u016f?&quot;<\/p><p>D\u016fle\u017eit\u011bj\u0161\u00ed ot\u00e1zky jsou:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e49c446 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e49c446\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Jak\u00fd sc\u00e9n\u00e1\u0159 obchoduje\u0161?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Kolik za n\u011bj plat\u00ed\u0161?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Kolik riskuje\u0161?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Co se mus\u00ed st\u00e1t, aby obchod d\u00e1val smysl?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Kdy obchod rad\u011bji ukon\u010dit?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0ff23d elementor-widget elementor-widget-text-editor\" data-id=\"b0ff23d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>V tomhle \u010dl\u00e1nku si vysv\u011btl\u00edme, co jsou opce, jak funguj\u00ed call a put opce, co znamen\u00e1 strike cena, expirace, pr\u00e9mie, break-even, ITM, ATM a OTM, pro\u010d opce d\u00e1vaj\u00ed v\u00edc mo\u017enost\u00ed ne\u017e jen s\u00e1zku na sm\u011br a kde za\u010d\u00e1te\u010dn\u00edci nej\u010dast\u011bji d\u011blaj\u00ed chyby.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e089b8 elementor-widget elementor-widget-heading\" data-id=\"2e089b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Co jsou opce?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7507fc6 elementor-widget elementor-widget-text-editor\" data-id=\"7507fc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce je kontrakt nav\u00e1zan\u00fd na ur\u010dit\u00e9 podkladov\u00e9 aktivum. T\u00edm m\u016f\u017ee b\u00fdt nap\u0159\u00edklad akcie, ETF, index, komodita nebo futures kontrakt.<\/p><p>Kdy\u017e si koup\u00ed\u0161 opci, nekupuje\u0161 samotnou akcii. Kupuje\u0161 si pr\u00e1vo ud\u011blat v budoucnu ur\u010dit\u00fd obchod za p\u0159edem dan\u00fdch podm\u00ednek.<\/p><p>Nejd\u016fle\u017eit\u011bj\u0161\u00ed rozd\u00edl:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6344c59 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6344c59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kupuj\u00edc\u00ed opce m\u00e1 pr\u00e1vo,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">vypisovatel opce m\u00e1 p\u0159i spln\u011bn\u00ed podm\u00ednek povinnost.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99eb548 elementor-widget elementor-widget-text-editor\" data-id=\"99eb548\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Kupuj\u00edc\u00ed plat\u00ed pr\u00e9mii za mo\u017enost rozhodnout se pozd\u011bji. Vypisovatel pr\u00e9mii inkasuje, ale p\u0159ij\u00edm\u00e1 z\u00e1vazek.<\/p><p>Tohle je z\u00e1kladn\u00ed princip opc\u00ed. Bez n\u011bj se z op\u010dn\u00edho tradingu velmi rychle stane jen klik\u00e1n\u00ed na slo\u017eit\u011b vypadaj\u00edc\u00ed kontrakty.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4505b91 elementor-widget elementor-widget-heading\" data-id=\"4505b91\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Opce jako pr\u00e1vo, ne povinnost<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a0cebe elementor-widget elementor-widget-text-editor\" data-id=\"4a0cebe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Kdy\u017e koup\u00ed\u0161 opci, kupuje\u0161 si mo\u017enost. Nemus\u00ed\u0161 ji vyu\u017e\u00edt, pokud se ti to nevyplat\u00ed. Za tuhle mo\u017enost plat\u00ed\u0161 cenu, kter\u00e9 se \u0159\u00edk\u00e1 op\u010dn\u00ed pr\u00e9mie.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a9eaae elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"3a9eaae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>U jednoduch\u00e9ho n\u00e1kupu opce je maxim\u00e1ln\u00ed ztr\u00e1ta obvykle omezen\u00e1 na zaplacenou pr\u00e9mii. To neznamen\u00e1, \u017ee jsou opce bezpe\u010dn\u00e9 \u2014 znamen\u00e1 to, \u017ee u tohoto konkr\u00e9tn\u00edho typu pozice v\u00ed\u0161 p\u0159edem, kolik m\u016f\u017ee\u0161 maxim\u00e1ln\u011b ztratit.<\/p><p>Pokud opci koup\u00ed\u0161 bez pochopen\u00ed ceny, \u010dasu, volatility a rizika, m\u016f\u017ee\u0161 o celou pr\u00e9mii p\u0159ij\u00edt rychleji, ne\u017e \u010dek\u00e1\u0161.<\/p><\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b823d08 elementor-widget elementor-widget-heading\" data-id=\"b823d08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Na co se opce nej\u010dast\u011bji v\u00e1\u017eou<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c50888c elementor-widget elementor-widget-text-editor\" data-id=\"c50888c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce se mohou vztahovat na r\u016fzn\u00e9 typy aktiv. Nej\u010dast\u011bji se setk\u00e1\u0161 s opcemi na:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d2e58e elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6d2e58e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">akcie,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ETF,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">indexy,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">komodity,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">futures kontrakty.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28d59d4 elementor-widget elementor-widget-text-editor\" data-id=\"28d59d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pro za\u010d\u00e1tek je nejjednodu\u0161\u0161\u00ed p\u0159em\u00fd\u0161let o opc\u00edch p\u0159es akcie.<\/p><p>P\u0159edstav si akcii, kter\u00e1 stoj\u00ed 100 USD. Opce ti m\u016f\u017ee d\u00e1t pr\u00e1vo tuhle akcii v budoucnu koupit nebo prodat za p\u0159edem danou cenu. Tato cena se naz\u00fdv\u00e1 strike cena.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3467f2d elementor-widget elementor-widget-heading\" data-id=\"3467f2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jak funguj\u00ed opce v praxi?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17bf6be elementor-widget elementor-widget-text-editor\" data-id=\"17bf6be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce m\u00e1 n\u011bkolik z\u00e1kladn\u00edch parametr\u016f:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efd6eaf elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"efd6eaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">podkladov\u00e9 aktivum,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">typ opce,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">strike cenu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">expiraci,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e9mii.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-389bec0 elementor-widget elementor-widget-text-editor\" data-id=\"389bec0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Tyhle parametry spole\u010dn\u011b ur\u010duj\u00ed, co opce znamen\u00e1, kdy m\u016f\u017ee m\u00edt hodnotu a kolik na n\u00ed m\u016f\u017ee\u0161 ztratit.<\/p><p>P\u0159edstav si akcii, kter\u00e1 stoj\u00ed 100 USD. Koup\u00ed\u0161 call opci se strike cenou 105 USD a expirac\u00ed za 30 dn\u00ed. Zaplat\u00ed\u0161 pr\u00e9mii 2 USD za akcii.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de4caba elementor-alert-info elementor-widget elementor-widget-alert\" data-id=\"de4caba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>Jeden standardn\u00ed op\u010dn\u00ed kontrakt obvykle reprezentuje 100 akci\u00ed. Celkov\u00e1 zaplacen\u00e1 pr\u00e9mie je tedy 200 USD bez poplatk\u016f.<\/p><\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69f1082 elementor-widget elementor-widget-text-editor\" data-id=\"69f1082\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Tahle call opce ti d\u00e1v\u00e1 pr\u00e1vo koupit akcii za 105 USD. Jen\u017ee aby byl obchod p\u0159i expiraci ziskov\u00fd, nesta\u010d\u00ed, aby akcie byla nad 105 USD. Mus\u00ed p\u0159ekonat tak\u00e9 zaplacenou pr\u00e9mii.<\/p><p>Proto je d\u016fle\u017eit\u00fd break-even.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab075bb elementor-widget elementor-widget-heading\" data-id=\"ab075bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">P\u0159\u00edklad n\u00e1kupu call opce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf2f65d elementor-widget elementor-widget-text-editor\" data-id=\"bf2f65d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u0158ekn\u011bme, \u017ee:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-399dbd3 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"399dbd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">aktu\u00e1ln\u00ed cena akcie je 100 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">strike cena call opce je 105 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e9mie je 2 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">expirace je za 30 dn\u00ed.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b566f8 e-con-full vb-definition e-flex e-con e-child\" data-id=\"5b566f8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-17f36cd vb-definition-text elementor-widget elementor-widget-text-editor\" data-id=\"17f36cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Break-even je 107 USD.<\/p><p>Po\u010d\u00edt\u00e1 se takto:<\/p><p>strike cena 105 USD + pr\u00e9mie 2 USD = break-even 107 USD<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be8256d elementor-widget elementor-widget-text-editor\" data-id=\"be8256d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pokud bude akcie p\u0159i expiraci na 112 USD, opce m\u00e1 vnit\u0159n\u00ed hodnotu 7 USD. Zaplatil jsi pr\u00e9mii 2 USD, tak\u017ee orienta\u010dn\u00ed zisk je 5 USD na akcii. U jednoho kontraktu by to bylo p\u0159ibli\u017en\u011b 500 USD p\u0159ed poplatky.<\/p><p>Pokud bude akcie p\u0159i expiraci na 103 USD, call opce je mimo pen\u00edze a m\u016f\u017ee expirovat bezcenn\u00e1. V takov\u00e9m p\u0159\u00edpad\u011b ztr\u00e1c\u00ed\u0161 celou zaplacenou pr\u00e9mii: 2 USD na akcii, tedy p\u0159ibli\u017en\u011b 200 USD za kontrakt.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f7660c elementor-alert-info elementor-widget elementor-widget-alert\" data-id=\"0f7660c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>Tohle je jeden z nejd\u016fle\u017eit\u011bj\u0161\u00edch princip\u016f opc\u00ed: break-even ti ukazuje, kolik pohybu ve skute\u010dnosti pot\u0159ebuje\u0161 \u2014 a kdy se obchod za\u010d\u00edn\u00e1 dost\u00e1vat do zisku. Ne\u0159e\u0161\u00ed\u0161 jen sm\u011br, ale tak\u00e9 velikost pohybu, \u010das a cenu, kterou jsi za opci zaplatil.<\/p><\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-246dd27 elementor-widget elementor-widget-heading\" data-id=\"246dd27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">P\u0159\u00edklad n\u00e1kupu put opce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70ddd8c elementor-widget elementor-widget-text-editor\" data-id=\"70ddd8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Put opce funguje opa\u010dn\u011b. D\u00e1v\u00e1 ti pr\u00e1vo prodat podkladov\u00e9 aktivum za p\u0159edem danou cenu.<\/p><p>P\u0159edstav si, \u017ee:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdb43e7 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"bdb43e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">aktu\u00e1ln\u00ed cena akcie je 100 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">strike cena put opce je 95 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e9mie je 2 USD,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">expirace je za 30 dn\u00ed.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a992c56 e-con-full vb-definition e-flex e-con e-child\" data-id=\"a992c56\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79a309d vb-definition-text elementor-widget elementor-widget-text-editor\" data-id=\"79a309d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Break-even je 93 USD.<\/p><p>Po\u010d\u00edt\u00e1 se takto:<\/p><p>strike cena 95 USD \u2212 pr\u00e9mie 2 USD = break-even 93 USD<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4959851 elementor-widget elementor-widget-text-editor\" data-id=\"4959851\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pokud bude akcie p\u0159i expiraci na 88 USD, put opce m\u00e1 vnit\u0159n\u00ed hodnotu 7 USD. Po ode\u010dten\u00ed zaplacen\u00e9 pr\u00e9mie 2 USD je orienta\u010dn\u00ed zisk 5 USD na akcii.<\/p><p>Pokud ale akcie neklesne a z\u016fstane nap\u0159\u00edklad na 99 USD, put opce m\u016f\u017ee expirovat bezcenn\u00e1. Tvoje ztr\u00e1ta je zaplacen\u00e1 pr\u00e9mie.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0b2f20 elementor-widget elementor-widget-text-editor\" data-id=\"d0b2f20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>I tady plat\u00ed stejn\u00fd princip: break-even ti \u0159\u00edk\u00e1, co p\u0159esn\u011b se mus\u00ed st\u00e1t, aby obchod d\u00e1val smysl. Pracuje\u0161 s cenou opce, expirac\u00ed a t\u00edm, jak rychle se sc\u00e9n\u00e1\u0159 napln\u00ed \u2014 ne jen s n\u00e1zorem na sm\u011br.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-685838b elementor-widget elementor-widget-heading\" data-id=\"685838b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Call opce vs. put opce<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc893fa elementor-widget elementor-widget-text-editor\" data-id=\"cc893fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Call opce d\u00e1v\u00e1 pr\u00e1vo koupit podkladov\u00e9 aktivum za p\u0159edem danou cenu. Put opce d\u00e1v\u00e1 pr\u00e1vo podkladov\u00e9 aktivum prodat za p\u0159edem danou cenu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aecf0f vb-table elementor-widget elementor-widget-text-editor\" data-id=\"2aecf0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<table><thead><tr><th>Typ opce<\/th><th>Co znamen\u00e1<\/th><th>Kdy typicky z\u00edsk\u00e1v\u00e1 na hodnot\u011b<\/th><th>Jednoduch\u00fd p\u0159\u00edklad<\/th><\/tr><\/thead><tbody><tr><td>Call opce<\/td><td>Pr\u00e1vo koupit<\/td><td>Kdy\u017e podklad roste dostate\u010dn\u011b nad strike cenu a zaplacenou pr\u00e9mii<\/td><td>Chce\u0161 pracovat s r\u016fstov\u00fdm sc\u00e9n\u00e1\u0159em<\/td><\/tr><tr><td>Put opce<\/td><td>Pr\u00e1vo prodat<\/td><td>Kdy\u017e podklad kles\u00e1 dostate\u010dn\u011b pod strike cenu a zaplacenou pr\u00e9mii<\/td><td>Chce\u0161 pracovat s poklesov\u00fdm nebo ochrann\u00fdm sc\u00e9n\u00e1\u0159em<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f71222 elementor-widget elementor-widget-text-editor\" data-id=\"1f71222\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Zjednodu\u0161en\u011b: call opce je pro r\u016fst, put opce pro pokles. Pro prvn\u00ed orientaci to sta\u010d\u00ed \u2014 ale jako z\u00e1klad pro skute\u010dn\u00e9 obchodov\u00e1n\u00ed je to p\u0159\u00edli\u0161 hrub\u00e9.<\/p><p>U opc\u00ed pracuje\u0161 s v\u00edce prom\u011bnn\u00fdmi najednou:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50cb731 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"50cb731\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kolik zaplat\u00ed\u0161 na pr\u00e9mii,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kolik \u010dasu zb\u00fdv\u00e1 do expirace,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak daleko je strike cena od aktu\u00e1ln\u00ed ceny,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak\u00e1 je volatilita,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak\u00fd je pl\u00e1n v\u00fdstupu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak\u00e9 riziko p\u0159ij\u00edm\u00e1\u0161.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5df12c elementor-widget elementor-widget-text-editor\" data-id=\"c5df12c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Na prvn\u00ed pohled v\u00edc v\u011bc\u00ed na hl\u00edd\u00e1n\u00ed. Ve skute\u010dnosti v\u00edc mo\u017enost\u00ed.<\/p><p>Intern\u00ed odkaz: Pokud chce\u0161 j\u00edt v\u00edc do hloubky, pokra\u010duj na \u010dl\u00e1nky <a href=\"\/cs\/blog\/call-opce\">Call opce: co znamen\u00e1 a jak funguje<\/a> a <a href=\"\/cs\/blog\/put-opce\">Put opce: co znamen\u00e1 a jak funguje<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4da38e7 elementor-widget elementor-widget-heading\" data-id=\"4da38e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Z\u00e1kladn\u00ed pojmy u opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45b4330 elementor-widget elementor-widget-text-editor\" data-id=\"45b4330\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Tyhle pojmy jsou stavebn\u00ed kameny. Jakmile je zn\u00e1\u0161, zbytek se skl\u00e1d\u00e1 p\u0159irozen\u011b.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc8d44d elementor-widget elementor-widget-heading\" data-id=\"dc8d44d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Podkladov\u00e9 aktivum<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2132bd6 elementor-widget elementor-widget-text-editor\" data-id=\"2132bd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Podkladov\u00e9 aktivum je instrument, na kter\u00fd se opce vztahuje. M\u016f\u017ee to b\u00fdt nap\u0159\u00edklad akcie, ETF, index, komodita nebo futures kontrakt.<\/p><p>Hodnota opce se odv\u00edj\u00ed mimo jin\u00e9 od toho, jak se pohybuje cena tohoto podkladu. Li\u0161\u00ed se ale i zp\u016fsob, jak se opce p\u0159i uplatn\u011bn\u00ed vypo\u0159\u00e1d\u00e1: u akciov\u00fdch a ETF opc\u00ed se re\u00e1ln\u011b dod\u00e1v\u00e1 podklad (akcie), zat\u00edmco indexov\u00e9 opce se vypo\u0159\u00e1d\u00e1vaj\u00ed v pen\u011bz\u00edch \u2014 index se fyzicky nekupuje ani neprod\u00e1v\u00e1, jen se vyrovn\u00e1 pen\u011b\u017en\u00ed rozd\u00edl.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aba8df6 elementor-widget elementor-widget-heading\" data-id=\"aba8df6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Strike price \/ realiza\u010dn\u00ed cena<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c4b704 elementor-widget elementor-widget-text-editor\" data-id=\"3c4b704\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Strike cena je \u00farove\u0148, za kterou m\u00e1 dr\u017eitel opce pr\u00e1vo koupit nebo prodat podkladov\u00e9 aktivum.<\/p><p>U call opce jde o cenu, za kterou m\u016f\u017ee\u0161 koupit. U put opce jde o cenu, za kterou m\u016f\u017ee\u0161 prodat.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d91c1a elementor-widget elementor-widget-heading\" data-id=\"5d91c1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Expirace<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-177e607 elementor-widget elementor-widget-text-editor\" data-id=\"177e607\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Expirace je datum, kdy op\u010dn\u00ed kontrakt kon\u010d\u00ed. Po expiraci opce bu\u010f zanik\u00e1, nebo doch\u00e1z\u00ed k vypo\u0159\u00e1d\u00e1n\u00ed podle jej\u00edch podm\u00ednek.<\/p><p>\u010cas je u opc\u00ed z\u00e1sadn\u00ed. Opce m\u016f\u017ee ztr\u00e1cet hodnotu i tehdy, kdy\u017e se podklad neh\u00fdbe v\u00fdrazn\u011b proti tob\u011b. D\u016fvodem je mimo jin\u00e9 \u010dasov\u00fd rozpad.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff82ce9 elementor-widget elementor-widget-heading\" data-id=\"ff82ce9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Op\u010dn\u00ed pr\u00e9mie<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c867523 elementor-widget elementor-widget-text-editor\" data-id=\"c867523\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Op\u010dn\u00ed pr\u00e9mie je cena, kterou kupuj\u00edc\u00ed plat\u00ed za opci.<\/p><p>Pro kupuj\u00edc\u00edho je to n\u00e1klad. U jednoduch\u00e9ho n\u00e1kupu opce z\u00e1rove\u0148 p\u0159edstavuje maxim\u00e1ln\u00ed mo\u017enou ztr\u00e1tu.<\/p><p>Pro vypisovatele je pr\u00e9mie p\u0159\u00edjem. V\u00fdm\u011bnou za ni ale p\u0159ij\u00edm\u00e1 povinnost vypl\u00fdvaj\u00edc\u00ed z kontraktu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f52411a elementor-widget elementor-widget-heading\" data-id=\"f52411a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Break-even<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2b317b elementor-widget elementor-widget-text-editor\" data-id=\"a2b317b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Break-even je cena, p\u0159i kter\u00e9 je op\u010dn\u00ed obchod na nule.<\/p><p>U koupen\u00e9 call opce se obvykle po\u010d\u00edt\u00e1 jako strike cena plus zaplacen\u00e1 pr\u00e9mie. U koupen\u00e9 put opce se po\u010d\u00edt\u00e1 jako strike cena minus zaplacen\u00e1 pr\u00e9mie.<\/p><p>Break-even ti pom\u00e1h\u00e1 vid\u011bt, jak velk\u00fd pohyb trhu ve skute\u010dnosti pot\u0159ebuje\u0161. A pr\u00e1v\u011b tady za\u010d\u00edn\u00e1 rozd\u00edl mezi v\u011btou \u201em\u00e1m n\u00e1zor na sm\u011br&quot; a skute\u010dn\u00fdm pochopen\u00edm obchodu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63d5223 elementor-widget elementor-widget-heading\" data-id=\"63d5223\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">ITM, ATM a OTM opce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7c07f5 elementor-widget elementor-widget-text-editor\" data-id=\"c7c07f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>U opc\u00ed se \u010dasto setk\u00e1\u0161 se zkratkami ITM, ATM a OTM. Popisuj\u00ed vztah mezi aktu\u00e1ln\u00ed cenou podkladov\u00e9ho aktiva a strike cenou opce.<\/p><p>ITM opce znamen\u00e1 \u201ein the money&quot;. Takov\u00e1 opce u\u017e m\u00e1 vnit\u0159n\u00ed hodnotu. U call opce je to situace, kdy je aktu\u00e1ln\u00ed cena podkladu nad strike cenou. U put opce je to situace, kdy je aktu\u00e1ln\u00ed cena podkladu pod strike cenou.<\/p><p>ATM opce znamen\u00e1 \u201eat the money&quot;. Strike cena opce je p\u0159ibli\u017en\u011b stejn\u00e1 jako aktu\u00e1ln\u00ed cena podkladov\u00e9ho aktiva. Takov\u00e1 opce b\u00fdv\u00e1 citliv\u00e1 na pohyb ceny, \u010das do expirace i zm\u011bnu volatility.<\/p><p>OTM opce znamen\u00e1 \u201eout of the money&quot;. Takov\u00e1 opce zat\u00edm nem\u00e1 vnit\u0159n\u00ed hodnotu. U call opce je aktu\u00e1ln\u00ed cena podkladu pod strike cenou. U put opce je aktu\u00e1ln\u00ed cena podkladu nad strike cenou. P\u0159esto m\u016f\u017ee m\u00edt cenu, proto\u017ee do expirace zb\u00fdv\u00e1 \u010das a trh m\u016f\u017ee o\u010dek\u00e1vat dal\u0161\u00ed pohyb.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-774be80 vb-table elementor-widget elementor-widget-text-editor\" data-id=\"774be80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<table><thead><tr><th>Stav opce<\/th><th>V\u00fdznam<\/th><th>Call opce<\/th><th>Put opce<\/th><\/tr><\/thead><tbody><tr><td>ITM<\/td><td>Opce je v pen\u011bz\u00edch<\/td><td>Cena podkladu je nad strike cenou<\/td><td>Cena podkladu je pod strike cenou<\/td><\/tr><tr><td>ATM<\/td><td>Opce je p\u0159ibli\u017en\u011b na strike cen\u011b<\/td><td>Cena podkladu je bl\u00edzko strike ceny<\/td><td>Cena podkladu je bl\u00edzko strike ceny<\/td><\/tr><tr><td>OTM<\/td><td>Opce je mimo pen\u00edze<\/td><td>Cena podkladu je pod strike cenou<\/td><td>Cena podkladu je nad strike cenou<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d22d142 elementor-widget elementor-widget-text-editor\" data-id=\"d22d142\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Jednodu\u0161e \u0159e\u010deno: ITM opce u\u017e m\u00e1 vnit\u0159n\u00ed hodnotu, ATM opce je p\u0159ibli\u017en\u011b na hran\u011b a OTM opce pot\u0159ebuje dal\u0161\u00ed pohyb trhu, aby se do vnit\u0159n\u00ed hodnoty dostala.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37bf696 elementor-widget elementor-widget-heading\" data-id=\"37bf696\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Vypisov\u00e1n\u00ed opc\u00ed<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f17883 elementor-widget elementor-widget-text-editor\" data-id=\"4f17883\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Vypisov\u00e1n\u00ed opce znamen\u00e1, \u017ee opci prod\u00e1v\u00e1\u0161 n\u011bkomu jin\u00e9mu. Dostane\u0161 pr\u00e9mii, ale p\u0159ij\u00edm\u00e1\u0161 povinnost.<\/p><p>To je z\u00e1sadn\u00ed rozd\u00edl proti n\u00e1kupu opce. Kupuj\u00edc\u00ed plat\u00ed za pr\u00e1vo. Vypisovatel inkasuje pr\u00e9mii, ale bere na sebe z\u00e1vazek.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8aa1998 elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"8aa1998\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>U n\u011bkter\u00fdch typ\u016f vypsan\u00fdch opc\u00ed m\u016f\u017ee b\u00fdt riziko v\u00fdrazn\u011b vy\u0161\u0161\u00ed ne\u017e u prost\u00e9ho n\u00e1kupu opce. Za\u010d\u00e1te\u010dn\u00edk by proto nem\u011bl za\u010d\u00ednat vypisov\u00e1n\u00edm opc\u00ed bez jasn\u00fdch pravidel, pochopen\u00ed rizika, spr\u00e1vn\u00e9 velikosti pozice a dostate\u010dn\u00e9ho tr\u00e9ninku.<\/p><\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57669f8 elementor-widget elementor-widget-heading\" data-id=\"57669f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pro\u010d trade\u0159i pou\u017e\u00edvaj\u00ed opce?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f052309 elementor-widget elementor-widget-text-editor\" data-id=\"f052309\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Trade\u0159i pou\u017e\u00edvaj\u00ed opce z r\u016fzn\u00fdch d\u016fvod\u016f \u2014 a to je pr\u00e1v\u011b ta v\u00fdhoda.<\/p><p>N\u011bkdo s nimi pracuje p\u0159i r\u016fstov\u00e9m sc\u00e9n\u00e1\u0159i, n\u011bkdo p\u0159i poklesov\u00e9m sc\u00e9n\u00e1\u0159i, n\u011bkdo je pou\u017e\u00edv\u00e1 jako ochranu portfolia a n\u011bkdo p\u0159es n\u011b stav\u00ed kombinace s p\u0159edem definovan\u00fdm rizikem.<\/p><p>Opce se daj\u00ed pou\u017e\u00edt nap\u0159\u00edklad pro:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0ad23f elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"a0ad23f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">spekulaci na r\u016fst,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">spekulaci na pokles,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">spekulaci na stagnaci,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">zaji\u0161t\u011bn\u00ed portfolia,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">stavbu pozic s p\u0159esn\u011b definovan\u00fdm rizikem,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e1ci s volatilitou,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e1ci s rozpadem \u010dasov\u00e9 hodnoty opc\u00ed,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u0159\u00edzen\u00ed sc\u00e9n\u00e1\u0159\u016f m\u00edsto jednoduch\u00e9ho tipov\u00e1n\u00ed sm\u011bru.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b85fb7a elementor-widget elementor-widget-text-editor\" data-id=\"b85fb7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce ned\u00e1vaj\u00ed smysl jen proto, \u017ee jsou \u201epokro\u010dil\u00e9&quot;. D\u00e1vaj\u00ed smysl tehdy, kdy\u017e p\u0159esn\u011b v\u00ed\u0161, jak\u00fd sc\u00e9n\u00e1\u0159 obchoduje\u0161, jak\u00e9 riziko podstupuje\u0161 a podle jak\u00fdch pravidel obchod vyhodnot\u00ed\u0161.<\/p><p>Ve Volbeast nehled\u00e1me n\u00e1stroj, kter\u00fd sl\u00edb\u00ed rychlej\u0161\u00ed v\u00fdsledek. Sna\u017e\u00edme se pochopit, kde m\u00e1me v\u00fdhodu, kde m\u00e1me slabinu a jak to zapad\u00e1 do cel\u00e9ho procesu rozhodov\u00e1n\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d03141c elementor-widget elementor-widget-heading\" data-id=\"d03141c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">V\u00fdhody opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b70b693 elementor-widget elementor-widget-text-editor\" data-id=\"b70b693\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Hlavn\u00ed v\u00fdhoda opc\u00ed je jednoduch\u00e1: nemus\u00ed\u0161 obchodovat jen sm\u011br trhu.<\/p><p>P\u0159i n\u00e1kupu akcie nebo klasick\u00e9m obchodov\u00e1n\u00ed m\u00e1\u0161 v z\u00e1sad\u011b jeden sc\u00e9n\u00e1\u0159 \u2014 cena mus\u00ed j\u00edt nahoru. Opce ti d\u00e1vaj\u00ed v\u00edc prostoru. Existuj\u00ed pozice, kter\u00e9 funguj\u00ed p\u0159i r\u016fstu, jin\u00e9 p\u0159i poklesu, dal\u0161\u00ed kdy\u017e trh stoj\u00ed, a jin\u00e9 pracuj\u00ed s \u010dasem nebo volatilitou. To nen\u00ed teorie \u2014 je to struktur\u00e1ln\u00ed rozd\u00edl v tom, jak s trhem pracuje\u0161.<\/p><p>A te\u010f ta \u010d\u00e1st, kter\u00e1 v\u011bt\u0161inu lid\u00ed p\u0159ekvap\u00ed: existuj\u00ed op\u010dn\u00ed konstrukce, kde pozice m\u016f\u017ee b\u00fdt ziskov\u00e1 jak p\u0159i v\u00fdrazn\u00e9m pohybu nahoru, tak p\u0159i v\u00fdrazn\u00e9m pohybu dol\u016f \u2014 pokud trh ud\u011bl\u00e1 dostate\u010dn\u011b velk\u00fd krok. A naopak existuj\u00ed konstrukce, kde stagnuj\u00edc\u00ed trh dr\u017e\u00edc\u00ed se v ur\u010dit\u00e9m p\u00e1smu pracuje ve prosp\u011bch pozice. Obchoduje\u0161 sc\u00e9n\u00e1\u0159, ne n\u00e1hodu.<\/p><p>Kl\u00ed\u010dov\u00e1 v\u00fdhoda nav\u00edc: u mnoha op\u010dn\u00edch konstrukc\u00ed v\u00ed\u0161 p\u0159edem p\u0159esn\u011b, kolik riskuje\u0161. Ne orienta\u010dn\u011b \u2014 maxim\u00e1ln\u00ed ztr\u00e1ta je dan\u00e1 podm\u00ednkami pozice je\u0161t\u011b p\u0159ed t\u00edm, ne\u017e obchod otev\u0159e\u0161. To je z\u00e1sadn\u00ed rozd\u00edl oproti situaci, kdy jednodu\u0161e koup\u00ed\u0161 akcii a riziko se m\u011bn\u00ed s ka\u017ed\u00fdm pohybem ceny.<\/p><p>Mezi konkr\u00e9tn\u00ed v\u00fdhody opc\u00ed pat\u0159\u00ed:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf5b2a0 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"bf5b2a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">mo\u017enost stav\u011bt pozice pro r\u016fzn\u00e9 tr\u017en\u00ed sc\u00e9n\u00e1\u0159e \u2014 r\u016fst, pokles, stagnaci i pohyb ob\u011bma sm\u011bry,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">mo\u017enost p\u0159edem zn\u00e1t maxim\u00e1ln\u00ed ztr\u00e1tu u mnoha konstrukc\u00ed,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pr\u00e1ce s pravd\u011bpodobnost\u00ed, \u010dasem a volatilitou, nejen se sm\u011brem,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">mo\u017enost zajistit portfolio opcemi,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">mo\u017enost \u0159\u00eddit riziko p\u0159es konstrukci pozice a jej\u00ed velikost.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdfbf01 elementor-widget elementor-widget-text-editor\" data-id=\"cdfbf01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To ale neznamen\u00e1, \u017ee opce jsou automaticky lep\u0161\u00ed ne\u017e jin\u00e9 instrumenty. Jsou jen jin\u00e9. A n\u00e1stroj bez procesu a know-how je po\u0159\u00e1d jen n\u00e1stroj.<\/p><p>Pokud nev\u00ed\u0161, pro\u010d pozici otev\u00edr\u00e1\u0161, kdy ji zav\u0159e\u0161, co ud\u011bl\u00e1\u0161 p\u0159i r\u016fzn\u00fdch sc\u00e9n\u00e1\u0159\u00edch a jak obchod vyhodnot\u00ed\u0161 \u2014 opce ti samy o sob\u011b nepom\u016f\u017eou.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0709e67 elementor-widget elementor-widget-heading\" data-id=\"0709e67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Rizika opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47ef455 elementor-widget elementor-widget-text-editor\" data-id=\"47ef455\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Nejv\u011bt\u0161\u00ed riziko opc\u00ed nevznik\u00e1 z n\u00e1stroje samotn\u00e9ho. Vznik\u00e1 ve chv\u00edli, kdy obchoduje\u0161 bez pl\u00e1nu.<\/p><p>Ka\u017ed\u00e9 riziko, kter\u00e9 opce p\u0159in\u00e1\u0161ej\u00ed, m\u00e1 sv\u016fj protip\u00f3l v procesu:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-427c2d5 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"427c2d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">M\u016f\u017ee\u0161 p\u0159ij\u00edt o celou zaplacenou pr\u00e9mii \u2014 proto funguje pravidlo velikosti pozice a riskuje\u0161 jen to, co jsi p\u0159ipraven\u00fd ztratit.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u010casov\u00fd rozpad sni\u017euje hodnotu opce \u2014 proto pot\u0159ebuje\u0161 pl\u00e1n v\u00fdstupu p\u0159edem, ne jen vstup.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Zm\u011bna volatility m\u016f\u017ee v\u00fdrazn\u011b ovlivnit cenu opce \u2014 proto jsou podm\u00ednky vstupu sou\u010d\u00e1st\u00ed rozhodnut\u00ed, ne jen tv\u016fj n\u00e1zor na sm\u011br.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">P\u00e1kov\u00fd efekt zrychluje zisky i ztr\u00e1ty \u2014 proto pracuje\u0161 s velikost\u00ed pozice a definuje\u0161 riziko je\u0161t\u011b p\u0159ed otev\u0159en\u00edm obchodu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Slo\u017eit\u011bj\u0161\u00ed kombinace mohou skr\u00fdvat rizika, kter\u00e1 nejsou na prvn\u00ed pohled vid\u011bt \u2014 proto za\u010d\u00edn\u00e1\u0161 jednodu\u0161e a kombinace p\u0159id\u00e1v\u00e1\u0161, a\u017e jim rozum\u00ed\u0161.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Vypisov\u00e1n\u00ed opc\u00ed nese v\u00fdrazn\u011b vy\u0161\u0161\u00ed riziko ne\u017e n\u00e1kup \u2014 proto to nen\u00ed prvn\u00ed krok pro za\u010d\u00e1te\u010dn\u00edka.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Psychologick\u00e9 chyby vedou k poru\u0161en\u00ed pl\u00e1nu \u2014 proto existuje obchodn\u00ed den\u00edk a zp\u011btn\u00e9 vyhodnocov\u00e1n\u00ed ka\u017ed\u00e9ho obchodu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\u0160patn\u00e1 velikost pozice m\u016f\u017ee z mal\u00e9 chyby ud\u011blat velk\u00fd probl\u00e9m \u2014 proto je p\u0159edem definovan\u00e9 riziko na obchod sou\u010d\u00e1st\u00ed ka\u017ed\u00e9ho pl\u00e1nu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed3e646 elementor-widget elementor-widget-text-editor\" data-id=\"ed3e646\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Riziko u opc\u00ed je re\u00e1ln\u00e9. Ale v\u0161e jde zvl\u00e1dnout, kdy\u017e m\u00e1\u0161 spr\u00e1vn\u011b nastaven\u00e1 pravidla a procesy.<\/p><p>Intern\u00ed odkaz: Pokud chce\u0161 t\u00e9ma rizika rozebrat systemati\u010dt\u011bji, pokra\u010duj na \u010dl\u00e1nek <a href=\"\/cs\/blog\/risk-management-v-tradingu\">Risk management v tradingu<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a87c59 elementor-widget elementor-widget-heading\" data-id=\"0a87c59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jsou opce pro za\u010d\u00e1te\u010dn\u00edky? Z\u00e1le\u017e\u00ed na p\u0159\u00edstupu.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f731e69 elementor-widget elementor-widget-text-editor\" data-id=\"f731e69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce mohou b\u00fdt pro za\u010d\u00e1te\u010dn\u00edka u\u017eite\u010dn\u00e9 jako t\u00e9ma ke studiu. Nejsou ale vhodn\u00e9 k bezhlav\u00e9mu obchodov\u00e1n\u00ed bez p\u0159\u00edpravy.<\/p><p>Ne\u017e za\u010dne\u0161 obchodovat s re\u00e1ln\u00fdmi pen\u011bzi, m\u011bl bys pochopit:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eb85af elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"9eb85af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co znamen\u00e1 call a put,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co je strike cena,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co je expirace,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak funguje pr\u00e9mie,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co znamen\u00e1 break-even,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak\u00fd je rozd\u00edl mezi n\u00e1kupem a vypisov\u00e1n\u00edm opce,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pro\u010d \u010das pracuje proti kupuj\u00edc\u00edmu opce,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak m\u016f\u017ee volatilita zm\u011bnit cenu opce,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co se m\u016f\u017ee st\u00e1t p\u0159i r\u016fzn\u00fdch sc\u00e9n\u00e1\u0159\u00edch trhu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e428a2f elementor-widget elementor-widget-text-editor\" data-id=\"e428a2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Za\u010d\u00e1te\u010dn\u00edk \u010dasto hled\u00e1 konkr\u00e9tn\u00ed vstup. Jen\u017ee u opc\u00ed je d\u016fle\u017eit\u011bj\u0161\u00ed pochopit cel\u00fd r\u00e1mec.<\/p><p>Ptej se hlavn\u011b:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-064b518 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"064b518\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Co se mus\u00ed st\u00e1t, aby pozice vyd\u011blala?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Kde je maxim\u00e1ln\u00ed ztr\u00e1ta?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Kdy obchod p\u0159est\u00e1v\u00e1 d\u00e1vat smysl?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Co ud\u011bl\u00e1\u0161, kdy\u017e trh p\u016fjde spr\u00e1vn\u00fdm sm\u011brem, ale p\u0159\u00edli\u0161 pomalu?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Co ud\u011bl\u00e1\u0161, kdy\u017e tref\u00ed\u0161 sm\u011br trhu, ale bude\u0161 m\u00edt \u0161patn\u011b zvolenou expiraci opce?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dffc3c elementor-widget elementor-widget-text-editor\" data-id=\"4dffc3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Ne\u017e za\u010dne\u0161 riskovat vlastn\u00ed pen\u00edze, d\u00e1v\u00e1 smysl tr\u00e9novat rozhodov\u00e1n\u00ed mimo tlak re\u00e1ln\u00e9ho kapit\u00e1lu.<\/p><p>Na za\u010d\u00e1tek je t\u011bch pojm\u016f docela dost. Ale jakmile z\u00e1kladn\u00ed principy pochop\u00ed\u0161 \u2014 call, put, strike, expirace, pr\u00e9mie, break-even \u2014 opce za\u010dnou d\u00e1vat smysl jako celek. Spousta v\u011bc\u00ed, kter\u00e9 ze za\u010d\u00e1tku vypadaly slo\u017eit\u011b, se stane p\u0159irozenou sou\u010d\u00e1st\u00ed rozhodov\u00e1n\u00ed. Slo\u017eitost opc\u00ed je pod kapotou. Tv\u00fdm \u00fakolem je pochopit, co ta kapota zakr\u00fdv\u00e1 \u2014 ne ji vym\u00fd\u0161let znovu.<\/p><p>Intern\u00ed odkaz: K tomu m\u016f\u017ee pomoct <a href=\"\/cs\/blog\/paper-trading\">paper trading<\/a>, kde si m\u016f\u017ee\u0161 vyzkou\u0161et proces bez finan\u010dn\u00edho dopadu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2f59b0 vb-cta elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"d2f59b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tFree Ride\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tChce\u0161 si nejd\u0159\u00edv ud\u011blat p\u0159edstavu, jak ve Volbeast p\u0159em\u00fd\u0161l\u00edme o opc\u00edch? Free Ride jsou 3 lekce zdarma. Uk\u00e1\u017eou ti n\u00e1\u0161 p\u0159\u00edstup, abys zjistil, jestli ti tenhle styl obchodov\u00e1n\u00ed d\u00e1v\u00e1 smysl.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/volbeast.com\/cs\/free-ride\">\n\t\t\t\t\t\tChci Free Ride\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99ab7d9 elementor-widget elementor-widget-heading\" data-id=\"99ab7d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jak za\u010d\u00edt s opcemi bez chaosu?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23b4342 elementor-widget elementor-widget-text-editor\" data-id=\"23b4342\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pokud s opcemi za\u010d\u00edn\u00e1\u0161, nesna\u017e se p\u0159esko\u010dit z\u00e1klady. Nejv\u011bt\u0161\u00ed chyba nen\u00ed pomal\u00fd start. Nejv\u011bt\u0161\u00ed chyba je rychl\u00fd start bez pravidel.<\/p><p>Praktick\u00fd postup m\u016f\u017ee vypadat takto:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7afc601 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7afc601\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>1.<\/strong> Pochop, co je op\u010dn\u00ed kontrakt.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>2.<\/strong> Nau\u010d se rozd\u00edl mezi call a put opc\u00ed.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>3.<\/strong> Zjisti, jak funguje strike cena, expirace a pr\u00e9mie.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>4.<\/strong> Po\u010d\u00edtej break-even, ne jen sm\u011br trhu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>5.<\/strong> Neza\u010d\u00ednej slo\u017eit\u00fdmi kombinacemi.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>6.<\/strong> Tr\u00e9nuj nane\u010disto.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>7.<\/strong> Ve\u010f si obchodn\u00ed den\u00edk.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>8.<\/strong> Riskuj jen to, co m\u016f\u017ee\u0161 ztratit.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>9.<\/strong> Nep\u0159eskakuj rovnou k vypisov\u00e1n\u00ed opc\u00ed bez pravidel.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><strong>10.<\/strong> Vyhodnocuj rozhodnut\u00ed, ne jen v\u00fdsledek jednoho obchodu.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0600534 elementor-widget elementor-widget-text-editor\" data-id=\"0600534\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Obchodn\u00ed den\u00edk nen\u00ed administrativn\u00ed detail. Pom\u00e1h\u00e1 ti vid\u011bt, co opravdu d\u011bl\u00e1\u0161, ne jen co si zp\u011btn\u011b mysl\u00ed\u0161, \u017ee jsi d\u011blal.<\/p><p>Intern\u00ed odkaz: Navazuj\u00edc\u00ed \u010dl\u00e1nek je Trading den\u00edk: pro\u010d si zapisovat obchody.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6f2da4 elementor-widget elementor-widget-heading\" data-id=\"e6f2da4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Nej\u010dast\u011bj\u0161\u00ed chyby za\u010d\u00e1te\u010dn\u00edk\u016f u opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06d1c78 elementor-widget elementor-widget-text-editor\" data-id=\"06d1c78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Za\u010d\u00e1te\u010dn\u00edci \u010dasto nehavaruj\u00ed proto, \u017ee by opce byly nepochopiteln\u00e9. Havaruj\u00ed proto, \u017ee p\u0159eskakuj\u00ed proces.<\/p><p>Mezi \u010dast\u00e9 chyby pat\u0159\u00ed:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65b21e2 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"65b21e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">obchodov\u00e1n\u00ed bez pochopen\u00ed z\u00e1kladn\u00edch pojm\u016f,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">soust\u0159ed\u011bn\u00ed jen na potenci\u00e1ln\u00ed zisk,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ignorov\u00e1n\u00ed expirace,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">podcen\u011bn\u00ed \u010dasov\u00e9ho rozpadu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kop\u00edrov\u00e1n\u00ed pozic z internetu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ne\u0159e\u0161en\u00ed velikosti pozice,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">obchodov\u00e1n\u00ed bez pl\u00e1nu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">absence obchodn\u00edho den\u00edku,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">neschopnost p\u0159ijmout ztr\u00e1tu,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">p\u0159\u00edli\u0161 rychl\u00fd p\u0159echod ke slo\u017eit\u00fdm kombinac\u00edm,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-exclamation-triangle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">zam\u011b\u0148ov\u00e1n\u00ed n\u00e1zvu op\u010dn\u00ed konstrukce za hotovou strategii.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd90fac elementor-widget elementor-widget-text-editor\" data-id=\"cd90fac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Za\u010d\u00e1te\u010dn\u00edk v\u011bt\u0161inou nepot\u0159ebuje dal\u0161\u00ed sign\u00e1l. Pot\u0159ebuje pochopit proces.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ae3a80 elementor-widget elementor-widget-heading\" data-id=\"8ae3a80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Z\u00e1kladn\u00ed op\u010dn\u00ed pozice, p\u0159\u00edstupy a kombinace<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f69349 elementor-widget elementor-widget-text-editor\" data-id=\"8f69349\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Jakmile pochop\u00ed\u0161 z\u00e1kladn\u00ed principy, m\u016f\u017ee\u0161 za\u010d\u00edt studovat r\u016fzn\u00e9 op\u010dn\u00ed pozice, p\u0159\u00edstupy a kombinace. Tady je d\u016fle\u017eit\u00e9 pou\u017e\u00edvat p\u0159esnou terminologii.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ea8af3 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"6ea8af3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tVe Volbeast terminologii strategie neznamen\u00e1 jen op\u010dn\u00ed konstrukci. Strategie znamen\u00e1 cel\u00fd obchodn\u00ed proces: pravidla vstupu, v\u00fdstupu, \u0159\u00edzen\u00ed rizika, velikost pozice, testov\u00e1n\u00ed, obchodn\u00ed den\u00edk a vyhodnocov\u00e1n\u00ed.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ca668e elementor-widget elementor-widget-text-editor\" data-id=\"5ca668e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Samotn\u00fd covered call, cash secured put nebo iron condor proto nen\u00ed automaticky kompletn\u00ed obchodn\u00ed strategie. Je to pozice, p\u0159\u00edstup nebo kombinace. Strategie vznik\u00e1 a\u017e ve chv\u00edli, kdy k tomu p\u0159id\u00e1\u0161 pravidla, risk management a zp\u016fsob vyhodnocov\u00e1n\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6afb134 elementor-widget elementor-widget-heading\" data-id=\"6afb134\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Long call a long put<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf17992 elementor-widget elementor-widget-text-editor\" data-id=\"bf17992\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Long call znamen\u00e1 n\u00e1kup call opce. Pracuje s r\u016fstov\u00fdm sc\u00e9n\u00e1\u0159em, ale mus\u00ed\u0161 po\u010d\u00edtat s pr\u00e9mi\u00ed, expirac\u00ed a break-even bodem.<\/p><p>Long put znamen\u00e1 n\u00e1kup put opce. Pracuje s poklesov\u00fdm nebo ochrann\u00fdm sc\u00e9n\u00e1\u0159em. I tady je maxim\u00e1ln\u00ed ztr\u00e1ta u jednoduch\u00e9ho n\u00e1kupu omezen\u00e1 na zaplacenou pr\u00e9mii, ale obchod mus\u00ed d\u00e1vat smysl v \u010dase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f5a76c elementor-widget elementor-widget-heading\" data-id=\"5f5a76c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Vertical debit spread a vertical credit spread<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-660c62d elementor-widget elementor-widget-text-editor\" data-id=\"660c62d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Vertical spread kombinuje dv\u011b opce se stejnou expirac\u00ed, ale jinou strike cenou.<\/p><p>Debit spread obvykle znamen\u00e1, \u017ee za konstrukci plat\u00ed\u0161. Credit spread znamen\u00e1, \u017ee pr\u00e9mii inkasuje\u0161.<\/p><p>Spready jsou d\u016fle\u017eit\u00e9 stavebn\u00ed bloky, proto\u017ee umo\u017e\u0148uj\u00ed p\u0159esn\u011bji definovat riziko, potenci\u00e1l a sc\u00e9n\u00e1\u0159. Nejsou ale n\u00e1hradou za pl\u00e1n.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8cf0ef elementor-widget elementor-widget-heading\" data-id=\"a8cf0ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Covered call<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aad39d elementor-widget elementor-widget-text-editor\" data-id=\"7aad39d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Covered call je op\u010dn\u00ed p\u0159\u00edstup, p\u0159i kter\u00e9m dr\u017e\u00ed\u0161 podkladov\u00e9 akcie a z\u00e1rove\u0148 vypisuje\u0161 call opci. C\u00edlem b\u00fdv\u00e1 inkasovat pr\u00e9mii, ale v\u00fdm\u011bnou za ni omezuje\u0161 \u010d\u00e1st potenci\u00e1ln\u00edho r\u016fstu.<\/p><p>Intern\u00ed odkaz: V\u00edce rozeb\u00edr\u00e1 \u010dl\u00e1nek Covered call: jak funguje op\u010dn\u00ed p\u0159\u00edstup na akcie.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2f3aed elementor-widget elementor-widget-heading\" data-id=\"b2f3aed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Cash secured put<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08dfc69 elementor-widget elementor-widget-text-editor\" data-id=\"08dfc69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Cash secured put je op\u010dn\u00ed p\u0159\u00edstup, p\u0159i kter\u00e9m vypisuje\u0161 put opci a z\u00e1rove\u0148 m\u00e1\u0161 p\u0159ipravenou hotovost pro p\u0159\u00edpadn\u00e9 p\u0159i\u0159azen\u00ed akci\u00ed.<\/p><p>M\u016f\u017ee b\u00fdt zaj\u00edmav\u00fd pro systematick\u00fd p\u0159\u00edstup, ale po\u0159\u00e1d obsahuje riziko poklesu podkladu. Nen\u00ed to bezpe\u010dn\u00fd p\u0159\u00edjem. Je to z\u00e1vazek, kter\u00fd mus\u00ed\u0161 ch\u00e1pat.<\/p><p>Intern\u00ed odkaz: Navazuj\u00edc\u00ed \u010dl\u00e1nek je Cash secured put: op\u010dn\u00ed p\u0159\u00edstup, rizika a p\u0159\u00edklad pou\u017eit\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cb004d elementor-widget elementor-widget-heading\" data-id=\"6cb004d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Iron condor<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c1eee6 elementor-widget elementor-widget-text-editor\" data-id=\"2c1eee6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Iron condor je pokro\u010dilej\u0161\u00ed v\u00edceno\u017ekov\u00e1 op\u010dn\u00ed kombinace. \u010casto se pou\u017e\u00edv\u00e1 ve sc\u00e9n\u00e1\u0159i, kdy obchodn\u00edk o\u010dek\u00e1v\u00e1 klidn\u011bj\u0161\u00ed trh v ur\u010dit\u00e9m p\u00e1smu.<\/p><p>Nen\u00ed to prvn\u00ed krok pro za\u010d\u00e1te\u010dn\u00edka. Obsahuje v\u00edce opc\u00ed, v\u00edce hranic rizika a vy\u017eaduje dobr\u00e9 pochopen\u00ed expirace, volatility a \u0159\u00edzen\u00ed pozice.<\/p><p>Intern\u00ed odkaz: V\u00edce najde\u0161 v \u010dl\u00e1nku Iron condor: pokro\u010dilej\u0161\u00ed op\u010dn\u00ed kombinace pro klidn\u011bj\u0161\u00ed trhy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebc5136 elementor-widget elementor-widget-heading\" data-id=\"ebc5136\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Straddle a strangle<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db8bad6 elementor-widget elementor-widget-text-editor\" data-id=\"db8bad6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Straddle a strangle jsou pokro\u010dilej\u0161\u00ed volatility kombinace. Pracuj\u00ed s o\u010dek\u00e1v\u00e1n\u00edm v\u00fdrazn\u011bj\u0161\u00edho pohybu trhu nebo se zm\u011bnou volatility.<\/p><p>Pro za\u010d\u00e1te\u010dn\u00edka nejsou ide\u00e1ln\u00ed jako prvn\u00ed praktick\u00fd krok. Jsou ale u\u017eite\u010dn\u00e9 pro pochopen\u00ed toho, \u017ee u opc\u00ed nejde jen o sm\u011br, ale tak\u00e9 o velikost pohybu, cenu opce, \u010das a volatilitu.<\/p><p>Intern\u00ed odkazy: P\u0159ehled op\u010dn\u00edch p\u0159\u00edstup\u016f najde\u0161 v \u010dl\u00e1nku Op\u010dn\u00ed strategie: p\u0159ehled z\u00e1kladn\u00edch p\u0159\u00edstup\u016f. Pokud chce\u0161 \u0159e\u0161it samotn\u00fd za\u010d\u00e1tek obchodov\u00e1n\u00ed opc\u00ed, pokra\u010duj \u010dl\u00e1nkem <a href=\"\/cs\/blog\/obchodovani-opci\">Obchodov\u00e1n\u00ed opc\u00ed: jak za\u010d\u00edt bez chaosu<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6519926 elementor-widget elementor-widget-heading\" data-id=\"6519926\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Jak nad opcemi p\u0159em\u00fd\u0161l\u00ed Volbeast<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04e33ba elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"04e33ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tVe Volbeast se na opce ned\u00edv\u00e1me jako na zkratku k rychl\u00e9mu zisku. D\u00edv\u00e1me se na n\u011b jako na n\u00e1stroj, kter\u00fd d\u00e1v\u00e1 smysl jen v kombinaci s pravidly, \u0159\u00edzen\u00edm rizika, testov\u00e1n\u00edm a vyhodnocov\u00e1n\u00edm.<br><br>Nejde o tipov\u00e1n\u00ed ka\u017ed\u00e9ho pohybu. Jde o pr\u00e1ci se sc\u00e9n\u00e1\u0159i.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b83a93 elementor-widget elementor-widget-text-editor\" data-id=\"7b83a93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>P\u0159ed obchodem bys m\u011bl v\u011bd\u011bt:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-821d4b4 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"821d4b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co p\u0159esn\u011b obchoduje\u0161,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">pro\u010d dan\u00e1 pozice d\u00e1v\u00e1 smysl,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kolik riskuje\u0161,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kde je break-even,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">co se stane p\u0159i r\u016fstu, poklesu nebo stagnaci,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">kdy pozici zav\u0159e\u0161,<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">jak obchod zap\u00ed\u0161e\u0161 a vyhodnot\u00ed\u0161.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a477aa elementor-widget elementor-widget-text-editor\" data-id=\"5a477aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>P\u0159esn\u011b tohle d\u011bl\u00ed tipov\u00e1n\u00ed od obchodov\u00e1n\u00ed. Opce samy o sob\u011b t\u011b lep\u0161\u00edm traderem neud\u011blaj\u00ed. Proces ano.<\/p><p>A pr\u00e1v\u011b proto se opce daj\u00ed obchodovat systematicky a klidn\u011b \u2014 i bez toho, abys ka\u017ed\u00fd den h\u00e1dal, kam trh p\u016fjde. Pravidla, \u0159\u00edzen\u00ed rizika a checklist rozhodnut\u00ed ud\u011blaj\u00ed velkou \u010d\u00e1st pr\u00e1ce za tebe.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6efd770 vb-cta elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"6efd770\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tFree Ride\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tPokud chce\u0161 vid\u011bt, jak u n\u00e1s o opc\u00edch p\u0159em\u00fd\u0161l\u00edme, za\u010dni s Free Ride \u2014 3 lekce zdarma. Uk\u00e1\u017e\u00ed ti n\u00e1\u0161 p\u0159\u00edstup a \u0159eknou ti, jestli ti tenhle styl obchodov\u00e1n\u00ed d\u00e1v\u00e1 smysl. Dal\u0161\u00ed kroky d\u00e1vaj\u00ed smysl, a\u017e kdy\u017e chce\u0161 j\u00edt do hloubky.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/volbeast.com\/cs\/free-ride\">\n\t\t\t\t\t\tChci Free Ride\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa7bc37 elementor-widget elementor-widget-heading\" data-id=\"fa7bc37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Shrnut\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-73423c1 e-con-full vb-summary e-flex e-con e-child\" data-id=\"73423c1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8f85bf7 elementor-widget elementor-widget-text-editor\" data-id=\"8f85bf7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce jsou pr\u00e1vo koupit nebo prodat podkladov\u00e9 aktivum za p\u0159edem danou cenu do ur\u010dit\u00e9ho data. Nejsou to akcie, ale kontrakty nav\u00e1zan\u00e9 na podkladov\u00e9 aktivum.<\/p><p>V kostce to nejd\u016fle\u017eit\u011bj\u0161\u00ed:<\/p><ul><li>Opce d\u00e1vaj\u00ed kupuj\u00edc\u00edmu pr\u00e1vo, ne povinnost.<\/li><li>Call opce d\u00e1v\u00e1 pr\u00e1vo koupit.<\/li><li>Put opce d\u00e1v\u00e1 pr\u00e1vo prodat.<\/li><li>Ka\u017ed\u00e1 opce m\u00e1 strike cenu, expiraci a pr\u00e9mii.<\/li><li>Break-even ukazuje cenu, od kter\u00e9 obchod za\u010d\u00edn\u00e1 b\u00fdt ziskov\u00fd.<\/li><li>ITM, ATM a OTM popisuj\u00ed vztah mezi strike cenou a cenou podkladu.<\/li><li>U koupen\u00e9 opce m\u016f\u017ee\u0161 p\u0159ij\u00edt o celou pr\u00e9mii.<\/li><li>U vypisov\u00e1n\u00ed opc\u00ed m\u016f\u017ee b\u00fdt riziko vy\u0161\u0161\u00ed.<\/li><li>Opce d\u00e1vaj\u00ed v\u00edc ne\u017e s\u00e1zku na sm\u011br \u2014 pracuje\u0161 s \u010dasem, pr\u00e9mi\u00ed, volatilitou a konstrukc\u00ed pozice.<\/li><li>Opce d\u00e1vaj\u00ed smysl a\u017e tehdy, kdy\u017e m\u00e1\u0161 pravidla, pl\u00e1n a rozum\u00ed\u0161 riziku.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a4f649 vb-cta elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"0a4f649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tFree Ride\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tChce\u0161 vid\u011bt, jak Volbeast p\u0159\u00edstup k opc\u00edm vypad\u00e1 v praxi? Free Ride jsou 3 lekce zdarma \u2014 uk\u00e1\u017e\u00ed ti, jak p\u0159em\u00fd\u0161l\u00edme o sc\u00e9n\u00e1\u0159\u00edch, pravidlech a rozhodov\u00e1n\u00ed. Bez z\u00e1vazku.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/volbeast.com\/cs\/free-ride\">\n\t\t\t\t\t\tSpustit Free Ride\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a70ee7c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"a70ee7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8895f99 elementor-widget elementor-widget-heading\" data-id=\"8895f99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQ<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-072681a vb-faq elementor-widget elementor-widget-n-accordion\" data-id=\"072681a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7490\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7490\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co jsou opce? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7490\" class=\"elementor-element elementor-element-c299e5c e-con-full e-flex e-con e-child\" data-id=\"c299e5c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f4116e vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"0f4116e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce jsou finan\u010dn\u00ed deriv\u00e1ty, kter\u00e9 d\u00e1vaj\u00ed kupuj\u00edc\u00edmu pr\u00e1vo koupit nebo prodat podkladov\u00e9 aktivum za p\u0159edem stanovenou cenu do ur\u010dit\u00e9ho data. Kupuj\u00edc\u00ed za toto pr\u00e1vo plat\u00ed op\u010dn\u00ed pr\u00e9mii. D\u016fle\u017eit\u00e9 je, \u017ee kupuj\u00edc\u00ed m\u00e1 pr\u00e1vo, ne povinnost. Vypisovatel opce naopak p\u0159ij\u00edm\u00e1 povinnost, pokud jsou spln\u011bny podm\u00ednky kontraktu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7491\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7491\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Jak\u00fd je rozd\u00edl mezi call a put opc\u00ed? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7491\" class=\"elementor-element elementor-element-1020f9a e-con-full e-flex e-con e-child\" data-id=\"1020f9a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c039b46 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"c039b46\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Call opce d\u00e1v\u00e1 kupuj\u00edc\u00edmu pr\u00e1vo koupit podkladov\u00e9 aktivum za p\u0159edem danou strike cenu. Put opce d\u00e1v\u00e1 kupuj\u00edc\u00edmu pr\u00e1vo podkladov\u00e9 aktivum za strike cenu prodat. Zjednodu\u0161en\u011b se call opce \u010dasto pou\u017e\u00edv\u00e1 pro r\u016fstov\u00fd sc\u00e9n\u00e1\u0159 a put opce pro poklesov\u00fd nebo ochrann\u00fd sc\u00e9n\u00e1\u0159, ale v\u017edy z\u00e1le\u017e\u00ed tak\u00e9 na pr\u00e9mii, expiraci, volatilit\u011b a break-even bodu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7492\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7492\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co znamen\u00e1 ITM, ATM a OTM opce? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7492\" class=\"elementor-element elementor-element-6e9e6b7 e-con-full e-flex e-con e-child\" data-id=\"6e9e6b7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-624a169 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"624a169\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>ITM znamen\u00e1 \u201ein the money&quot;, tedy \u017ee opce m\u00e1 vnit\u0159n\u00ed hodnotu. ATM znamen\u00e1 \u201eat the money&quot;, kdy je strike cena p\u0159ibli\u017en\u011b na aktu\u00e1ln\u00ed cen\u011b podkladu. OTM znamen\u00e1 \u201eout of the money&quot;, kdy opce zat\u00edm nem\u00e1 vnit\u0159n\u00ed hodnotu. U call a put opc\u00ed se tyto stavy ur\u010duj\u00ed opa\u010dn\u011b podle vztahu ceny podkladu a strike ceny.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7493\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7493\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Jsou opce vhodn\u00e9 pro za\u010d\u00e1te\u010dn\u00edky? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7493\" class=\"elementor-element elementor-element-218b999 e-con-full e-flex e-con e-child\" data-id=\"218b999\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a718b7c vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"a718b7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Opce mohou b\u00fdt vhodn\u00e9 ke studiu, ale nejsou vhodn\u00e9 k bezhlav\u00e9mu obchodov\u00e1n\u00ed bez p\u0159\u00edpravy. Za\u010d\u00e1te\u010dn\u00edk by m\u011bl nejd\u0159\u00edv pochopit z\u00e1kladn\u00ed pojmy, rozd\u00edl mezi call a put opc\u00ed, expiraci, pr\u00e9mii, break-even a riziko ztr\u00e1ty cel\u00e9 pr\u00e9mie. D\u00e1v\u00e1 smysl za\u010d\u00edt nane\u010disto a teprve potom \u0159e\u0161it re\u00e1ln\u00e9 obchodov\u00e1n\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7494\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7494\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> D\u00e1 se na opc\u00edch prod\u011blat? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7494\" class=\"elementor-element elementor-element-08da236 e-con-full e-flex e-con e-child\" data-id=\"08da236\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-753411e vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"753411e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Ano. U koupen\u00e9 opce m\u016f\u017ee\u0161 p\u0159ij\u00edt o celou zaplacenou pr\u00e9mii, pokud se obchod nevyvine podle o\u010dek\u00e1v\u00e1n\u00ed nebo pokud opce expiruje bezcenn\u00e1. U n\u011bkter\u00fdch p\u0159\u00edstup\u016f, hlavn\u011b p\u0159i vypisov\u00e1n\u00ed opc\u00ed, m\u016f\u017ee b\u00fdt riziko v\u00fdrazn\u011b vy\u0161\u0161\u00ed. Proto je nutn\u00e9 rozum\u011bt konstrukci pozice, velikosti pozice a mo\u017en\u00fdm sc\u00e9n\u00e1\u0159\u016fm p\u0159edem.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7495\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7495\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co je op\u010dn\u00ed pr\u00e9mie? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7495\" class=\"elementor-element elementor-element-4ae5e00 e-con-full e-flex e-con e-child\" data-id=\"4ae5e00\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4bd65ff vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"4bd65ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Op\u010dn\u00ed pr\u00e9mie je cena, kterou kupuj\u00edc\u00ed plat\u00ed za op\u010dn\u00ed kontrakt. Pro kupuj\u00edc\u00edho je to n\u00e1klad za pr\u00e1vo koupit nebo prodat podkladov\u00e9 aktivum. Zaplacen\u00e1 pr\u00e9mie je u jednoduch\u00e9ho n\u00e1kupu opce z\u00e1rove\u0148 stropem mo\u017en\u00e9 ztr\u00e1ty. Pro vypisovatele je pr\u00e9mie p\u0159\u00edjem, ale v\u00fdm\u011bnou za ni p\u0159ij\u00edm\u00e1 povinnost vypl\u00fdvaj\u00edc\u00ed z kontraktu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7496\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7496\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co je expirace opce? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7496\" class=\"elementor-element elementor-element-a319162 e-con-full e-flex e-con e-child\" data-id=\"a319162\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c4b9f1 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"5c4b9f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Expirace je datum, kdy op\u010dn\u00ed kontrakt kon\u010d\u00ed. Po tomto datu se opce bu\u010f vypo\u0159\u00e1d\u00e1 podle sv\u00fdch podm\u00ednek, nebo zanik\u00e1 bez hodnoty. \u010cas do expirace je pro hodnotu opce z\u00e1sadn\u00ed, proto\u017ee opce m\u016f\u017ee ztr\u00e1cet hodnotu i tehdy, kdy\u017e se cena podkladu neh\u00fdbe v\u00fdrazn\u011b proti o\u010dek\u00e1v\u00e1n\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7497\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7497\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co je strike price? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7497\" class=\"elementor-element elementor-element-a95300c e-con-full e-flex e-con e-child\" data-id=\"a95300c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bae4aaf vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"bae4aaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Strike price neboli realiza\u010dn\u00ed cena je p\u0159edem stanoven\u00e1 \u010d\u00e1stka, za kterou m\u016f\u017ee dr\u017eitel opce podkladov\u00e9 aktivum koupit nebo prodat. U call opce jde o \u00farove\u0148, za kterou m\u00e1 pr\u00e1vo koupit, u put opce o \u00farove\u0148, za kterou m\u00e1 pr\u00e1vo prodat. Strike cena je kl\u00ed\u010dov\u00e1 pro v\u00fdpo\u010det vnit\u0159n\u00ed hodnoty i break-even bodu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-7498\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"9\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-7498\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Jak za\u010d\u00edt s opcemi? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-7498\" class=\"elementor-element elementor-element-7947e9a e-con-full e-flex e-con e-child\" data-id=\"7947e9a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-de960c5 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"de960c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Za\u010dni t\u00edm, \u017ee si postupn\u011b poskl\u00e1d\u00e1\u0161 z\u00e1kladn\u00ed stavebn\u00ed kameny: call a put opce, strike cenu, expiraci, pr\u00e9mii, break-even, maxim\u00e1ln\u00ed mo\u017enou ztr\u00e1tu, ITM, ATM a OTM.<\/p><p>K tomu pat\u0159\u00ed i pochopen\u00ed toho, pro\u010d se cena opce m\u011bn\u00ed \u2014 nap\u0159\u00edklad kv\u016fli pohybu podkladov\u00e9ho aktiva, \u010dasu do expirace, volatilit\u011b nebo vzd\u00e1lenosti od strike ceny.<\/p><p>Neber z\u00e1kladn\u00ed pojmy jako formalitu. Pr\u00e1v\u011b na nich stoj\u00ed rozd\u00edl mezi t\u00edm, jestli obchoduje\u0161 sc\u00e9n\u00e1\u0159, kter\u00e9mu rozum\u00ed\u0161, nebo jen kop\u00edruje\u0161 ciz\u00ed n\u00e1pad. Jakmile ch\u00e1pe\u0161 prvn\u00ed vrstvu, d\u00e1v\u00e1 smysl tr\u00e9novat nane\u010disto, zapisovat rozhodnut\u00ed a postupn\u011b \u0159e\u0161it, jak z jednotliv\u00fdch op\u010dn\u00edch pozic vznik\u00e1 skute\u010dn\u00fd obchodn\u00ed proces.<\/p><p>Pokud chce\u0161 vid\u011bt, jak ve Volbeast v praxi p\u0159istupujeme k opc\u00edm, riziku a rozhodov\u00e1n\u00ed, Free Ride ti ve 3 lekc\u00edch zdarma uk\u00e1\u017ee n\u00e1\u0161 pohled. Nen\u00ed to n\u00e1hrada za systematick\u00e9 studium ani hotov\u00fd kurz opc\u00ed. Je to ochutn\u00e1vka p\u0159\u00edstupu, podle kter\u00e9 pozn\u00e1\u0161, jestli ti tenhle styl obchodov\u00e1n\u00ed d\u00e1v\u00e1 smysl.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Co jsou opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Opce jsou finan\\u010dn\\u00ed deriv\\u00e1ty, kter\\u00e9 d\\u00e1vaj\\u00ed kupuj\\u00edc\\u00edmu pr\\u00e1vo koupit nebo prodat podkladov\\u00e9 aktivum za p\\u0159edem stanovenou cenu do ur\\u010dit\\u00e9ho data. Kupuj\\u00edc\\u00ed za toto pr\\u00e1vo plat\\u00ed op\\u010dn\\u00ed pr\\u00e9mii. D\\u016fle\\u017eit\\u00e9 je, \\u017ee kupuj\\u00edc\\u00ed m\\u00e1 pr\\u00e1vo, ne povinnost. Vypisovatel opce naopak p\\u0159ij\\u00edm\\u00e1 povinnost, pokud jsou spln\\u011bny podm\\u00ednky kontraktu.\"}},{\"@type\":\"Question\",\"name\":\"Jak\\u00fd je rozd\\u00edl mezi call a put opc\\u00ed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Call opce d\\u00e1v\\u00e1 kupuj\\u00edc\\u00edmu pr\\u00e1vo koupit podkladov\\u00e9 aktivum za p\\u0159edem danou strike cenu. Put opce d\\u00e1v\\u00e1 kupuj\\u00edc\\u00edmu pr\\u00e1vo podkladov\\u00e9 aktivum za strike cenu prodat. Zjednodu\\u0161en\\u011b se call opce \\u010dasto pou\\u017e\\u00edv\\u00e1 pro r\\u016fstov\\u00fd sc\\u00e9n\\u00e1\\u0159 a put opce pro poklesov\\u00fd nebo ochrann\\u00fd sc\\u00e9n\\u00e1\\u0159, ale v\\u017edy z\\u00e1le\\u017e\\u00ed tak\\u00e9 na pr\\u00e9mii, expiraci, volatilit\\u011b a break-even bodu.\"}},{\"@type\":\"Question\",\"name\":\"Co znamen\\u00e1 ITM, ATM a OTM opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ITM znamen\\u00e1 \\u201ein the money&quot;, tedy \\u017ee opce m\\u00e1 vnit\\u0159n\\u00ed hodnotu. ATM znamen\\u00e1 \\u201eat the money&quot;, kdy je strike cena p\\u0159ibli\\u017en\\u011b na aktu\\u00e1ln\\u00ed cen\\u011b podkladu. OTM znamen\\u00e1 \\u201eout of the money&quot;, kdy opce zat\\u00edm nem\\u00e1 vnit\\u0159n\\u00ed hodnotu. U call a put opc\\u00ed se tyto stavy ur\\u010duj\\u00ed opa\\u010dn\\u011b podle vztahu ceny podkladu a strike ceny.\"}},{\"@type\":\"Question\",\"name\":\"Jsou opce vhodn\\u00e9 pro za\\u010d\\u00e1te\\u010dn\\u00edky?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Opce mohou b\\u00fdt vhodn\\u00e9 ke studiu, ale nejsou vhodn\\u00e9 k bezhlav\\u00e9mu obchodov\\u00e1n\\u00ed bez p\\u0159\\u00edpravy. Za\\u010d\\u00e1te\\u010dn\\u00edk by m\\u011bl nejd\\u0159\\u00edv pochopit z\\u00e1kladn\\u00ed pojmy, rozd\\u00edl mezi call a put opc\\u00ed, expiraci, pr\\u00e9mii, break-even a riziko ztr\\u00e1ty cel\\u00e9 pr\\u00e9mie. D\\u00e1v\\u00e1 smysl za\\u010d\\u00edt nane\\u010disto a teprve potom \\u0159e\\u0161it re\\u00e1ln\\u00e9 obchodov\\u00e1n\\u00ed.\"}},{\"@type\":\"Question\",\"name\":\"D\\u00e1 se na opc\\u00edch prod\\u011blat?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ano. U koupen\\u00e9 opce m\\u016f\\u017ee\\u0161 p\\u0159ij\\u00edt o celou zaplacenou pr\\u00e9mii, pokud se obchod nevyvine podle o\\u010dek\\u00e1v\\u00e1n\\u00ed nebo pokud opce expiruje bezcenn\\u00e1. U n\\u011bkter\\u00fdch p\\u0159\\u00edstup\\u016f, hlavn\\u011b p\\u0159i vypisov\\u00e1n\\u00ed opc\\u00ed, m\\u016f\\u017ee b\\u00fdt riziko v\\u00fdrazn\\u011b vy\\u0161\\u0161\\u00ed. Proto je nutn\\u00e9 rozum\\u011bt konstrukci pozice, velikosti pozice a mo\\u017en\\u00fdm sc\\u00e9n\\u00e1\\u0159\\u016fm p\\u0159edem.\"}},{\"@type\":\"Question\",\"name\":\"Co je op\\u010dn\\u00ed pr\\u00e9mie?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Op\\u010dn\\u00ed pr\\u00e9mie je cena, kterou kupuj\\u00edc\\u00ed plat\\u00ed za op\\u010dn\\u00ed kontrakt. Pro kupuj\\u00edc\\u00edho je to n\\u00e1klad za pr\\u00e1vo koupit nebo prodat podkladov\\u00e9 aktivum. Zaplacen\\u00e1 pr\\u00e9mie je u jednoduch\\u00e9ho n\\u00e1kupu opce z\\u00e1rove\\u0148 stropem mo\\u017en\\u00e9 ztr\\u00e1ty. Pro vypisovatele je pr\\u00e9mie p\\u0159\\u00edjem, ale v\\u00fdm\\u011bnou za ni p\\u0159ij\\u00edm\\u00e1 povinnost vypl\\u00fdvaj\\u00edc\\u00ed z kontraktu.\"}},{\"@type\":\"Question\",\"name\":\"Co je expirace opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Expirace je datum, kdy op\\u010dn\\u00ed kontrakt kon\\u010d\\u00ed. Po tomto datu se opce bu\\u010f vypo\\u0159\\u00e1d\\u00e1 podle sv\\u00fdch podm\\u00ednek, nebo zanik\\u00e1 bez hodnoty. \\u010cas do expirace je pro hodnotu opce z\\u00e1sadn\\u00ed, proto\\u017ee opce m\\u016f\\u017ee ztr\\u00e1cet hodnotu i tehdy, kdy\\u017e se cena podkladu neh\\u00fdbe v\\u00fdrazn\\u011b proti o\\u010dek\\u00e1v\\u00e1n\\u00ed.\"}},{\"@type\":\"Question\",\"name\":\"Co je strike price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Strike price neboli realiza\\u010dn\\u00ed cena je p\\u0159edem stanoven\\u00e1 \\u010d\\u00e1stka, za kterou m\\u016f\\u017ee dr\\u017eitel opce podkladov\\u00e9 aktivum koupit nebo prodat. U call opce jde o \\u00farove\\u0148, za kterou m\\u00e1 pr\\u00e1vo koupit, u put opce o \\u00farove\\u0148, za kterou m\\u00e1 pr\\u00e1vo prodat. Strike cena je kl\\u00ed\\u010dov\\u00e1 pro v\\u00fdpo\\u010det vnit\\u0159n\\u00ed hodnoty i break-even bodu.\"}},{\"@type\":\"Question\",\"name\":\"Jak za\\u010d\\u00edt s opcemi?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Za\\u010dni t\\u00edm, \\u017ee si postupn\\u011b poskl\\u00e1d\\u00e1\\u0161 z\\u00e1kladn\\u00ed stavebn\\u00ed kameny: call a put opce, strike cenu, expiraci, pr\\u00e9mii, break-even, maxim\\u00e1ln\\u00ed mo\\u017enou ztr\\u00e1tu, ITM, ATM a OTM.K tomu pat\\u0159\\u00ed i pochopen\\u00ed toho, pro\\u010d se cena opce m\\u011bn\\u00ed \\u2014 nap\\u0159\\u00edklad kv\\u016fli pohybu podkladov\\u00e9ho aktiva, \\u010dasu do expirace, volatilit\\u011b nebo vzd\\u00e1lenosti od strike ceny.Neber z\\u00e1kladn\\u00ed pojmy jako formalitu. Pr\\u00e1v\\u011b na nich stoj\\u00ed rozd\\u00edl mezi t\\u00edm, jestli obchoduje\\u0161 sc\\u00e9n\\u00e1\\u0159, kter\\u00e9mu rozum\\u00ed\\u0161, nebo jen kop\\u00edruje\\u0161 ciz\\u00ed n\\u00e1pad. Jakmile ch\\u00e1pe\\u0161 prvn\\u00ed vrstvu, d\\u00e1v\\u00e1 smysl tr\\u00e9novat nane\\u010disto, zapisovat rozhodnut\\u00ed a postupn\\u011b \\u0159e\\u0161it, jak z jednotliv\\u00fdch op\\u010dn\\u00edch pozic vznik\\u00e1 skute\\u010dn\\u00fd obchodn\\u00ed proces.Pokud chce\\u0161 vid\\u011bt, jak ve Volbeast v praxi p\\u0159istupujeme k opc\\u00edm, riziku a rozhodov\\u00e1n\\u00ed, Free Ride ti ve 3 lekc\\u00edch zdarma uk\\u00e1\\u017ee n\\u00e1\\u0161 pohled. Nen\\u00ed to n\\u00e1hrada za systematick\\u00e9 studium ani hotov\\u00fd kurz opc\\u00ed. Je to ochutn\\u00e1vka p\\u0159\\u00edstupu, podle kter\\u00e9 pozn\\u00e1\\u0161, jestli ti tenhle styl obchodov\\u00e1n\\u00ed d\\u00e1v\\u00e1 smysl.\"}}]}<\/script>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-079b2d6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"079b2d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81e0a4e vb-toc-exclude elementor-widget elementor-widget-heading\" data-id=\"81e0a4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Disclaimer<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-63fafdd e-con-full vb-disclaimer e-flex e-con e-child\" data-id=\"63fafdd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5cafc31 elementor-widget elementor-widget-text-editor\" data-id=\"5cafc31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Tento obsah slou\u017e\u00ed pouze pro vzd\u011bl\u00e1vac\u00ed \u00fa\u010dely a nep\u0159edstavuje investi\u010dn\u00ed doporu\u010den\u00ed. Trading a obchodov\u00e1n\u00ed opc\u00ed jsou rizikov\u00e9 a mohou v\u00e9st ke ztr\u00e1t\u011b kapit\u00e1lu. Ne\u017e za\u010dne\u0161 obchodovat s re\u00e1ln\u00fdmi pen\u011bzi, ujisti se, \u017ee rozum\u00ed\u0161 rizik\u016fm konkr\u00e9tn\u00ed op\u010dn\u00ed pozice, pravidl\u016fm vstupu a v\u00fdstupu, \u0159\u00edzen\u00ed rizika a cel\u00e9mu obchodn\u00edmu procesu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Zjisti, co jsou opce, jak funguj\u00ed call a put opce, co znamen\u00e1 strike cena, expirace, pr\u00e9mie a jak\u00e1 rizika mus\u00ed\u0161 zn\u00e1t p\u0159ed obchodov\u00e1n\u00edm opc\u00ed.<\/p>\n","protected":false},"author":11,"featured_media":32144,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_surecart_dashboard_logo_width":"180px","_surecart_dashboard_show_logo":true,"_surecart_dashboard_navigation_orders":true,"_surecart_dashboard_navigation_invoices":true,"_surecart_dashboard_navigation_subscriptions":true,"_surecart_dashboard_navigation_downloads":true,"_surecart_dashboard_navigation_billing":true,"_surecart_dashboard_navigation_account":true,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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