{"id":36413,"date":"2026-06-01T11:45:05","date_gmt":"2026-06-01T09:45:05","guid":{"rendered":"https:\/\/volbeast.com\/?p=36413"},"modified":"2026-08-04T14:42:16","modified_gmt":"2026-08-04T12:42:16","slug":"obchodovani-opci","status":"publish","type":"post","link":"https:\/\/volbeast.com\/cs\/blog\/obchodovani-opci\/","title":{"rendered":"Obchodov\u00e1n\u00ed opc\u00ed"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"36413\" class=\"elementor elementor-36413\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a6db074 e-con-full vb-article e-flex e-con e-parent\" data-id=\"a6db074\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-888129f vb-answer-first elementor-widget elementor-widget-text-editor\" data-id=\"888129f\" 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>Obchodov\u00e1n\u00ed opc\u00ed znamen\u00e1 n\u00e1kup nebo vypisov\u00e1n\u00ed op\u010dn\u00edch kontrakt\u016f, kter\u00e9 d\u00e1vaj\u00ed pr\u00e1vo nebo povinnost koupit \u010di prodat podkladov\u00e9 aktivum za p\u0159edem danou cenu do ur\u010dit\u00e9ho data. Trade\u0159i opce pou\u017e\u00edvaj\u00ed ke spekulaci na r\u016fst, pokles i stagnaci, k zaji\u0161t\u011bn\u00ed portfolia, k inkasu pr\u00e9mie nebo ke stavb\u011b kombinovan\u00fdch strategi\u00ed s p\u0159edem definovan\u00fdm rizikem.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83db7f7 elementor-toc--minimized-on-mobile vb-toc elementor-widget elementor-widget-table-of-contents\" data-id=\"83db7f7\" 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__83db7f7\" 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__83db7f7\" 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__83db7f7\" 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-028cb12 elementor-widget elementor-widget-text-editor\" data-id=\"028cb12\" 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 hodn\u011b mo\u017enost\u00ed v jedn\u00e9 v\u011bt\u011b \u2014 a p\u0159esn\u011b v tom je h\u00e1\u010dek. Opce nel\u00e1kaj\u00ed proto, \u017ee by byly jednoduch\u00e9. L\u00e1kaj\u00ed proto, \u017ee nab\u00edzej\u00ed v\u00edc cest ne\u017e prost\u00fd n\u00e1kup akcie. D\u00e1vaj\u00ed mo\u017enost hledat ziskov\u00e9 sc\u00e9n\u00e1\u0159e nejen p\u0159i r\u016fstu trhu, ale i p\u0159i poklesu, stagnaci, pohybu v p\u00e1smu nebo zm\u011bn\u011b volatility. Jen\u017ee ka\u017ed\u00e1 z t\u011bch cest m\u00e1 jin\u00fd rizikov\u00fd profil a ka\u017ed\u00e1 t\u011b potrest\u00e1 za jin\u00fd druh nepozornosti.<\/p><p>Pokud k opc\u00edm p\u0159istoup\u00ed\u0161 jako k rychl\u00e9 s\u00e1zce na sm\u011br trhu, d\u0159\u00edv nebo pozd\u011bji t\u011b do\u017eenou emoce, \u010dasov\u00fd rozpad nebo \u0161patn\u011b pochopen\u00e9 riziko. Pokud k nim p\u0159istoup\u00ed\u0161 jako k n\u00e1stroji uvnit\u0159 syst\u00e9mu, za\u010dnou d\u00e1vat mnohem v\u011bt\u0161\u00ed smysl. Tenhle \u010dl\u00e1nek je o tom druh\u00e9m p\u0159\u00edstupu: ne \u201ejak\u00fd obchod te\u010f zadat&quot;, ale \u201eco mus\u00ed\u0161 m\u00edt srovnan\u00e9, ne\u017e v\u016fbec n\u011bjak\u00fd zad\u00e1\u0161&quot;.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-00866fd e-con-full vb-definition e-flex e-con e-child\" data-id=\"00866fd\" 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-c9a252a vb-definition-text elementor-widget elementor-widget-text-editor\" data-id=\"c9a252a\" 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 je\u0161t\u011b nem\u00e1\u0161 jasno v \u00fapln\u00fdch z\u00e1kladech, za\u010dni \u010dl\u00e1nkem <a href=\"\/cs\/blog\/co-jsou-opce\">Co jsou opce a jak funguj\u00ed?<\/a>. Tenhle text na n\u011bj navazuje a posouv\u00e1 t\u011b od \u201ev\u00edm, co opce jsou&#8220; k \u201ev\u00edm, jak se s nimi pracuje&#8220;.<\/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-1121993 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=\"1121993\" 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\tStarter Pack\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 obchodovat opce systematicky a bez zbyte\u010dn\u00e9ho chaosu? Starter ti pom\u016f\u017ee postavit pevn\u00fd z\u00e1klad \u2014 pravidla, sc\u00e9n\u00e1\u0159e a \u0159\u00edzen\u00ed rizika d\u0159\u00edv, ne\u017e otev\u0159e\u0161 prvn\u00ed re\u00e1lnou pozici.\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\/starter-pack\">\n\t\t\t\t\t\tChci Starter Pack\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-38e3906 elementor-widget elementor-widget-heading\" data-id=\"38e3906\" 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 znamen\u00e1 obchodov\u00e1n\u00ed opc\u00ed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76470b3 elementor-widget elementor-widget-text-editor\" data-id=\"76470b3\" 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>Obchodov\u00e1n\u00ed opc\u00ed je n\u00e1kup nebo vypisov\u00e1n\u00ed op\u010dn\u00edch kontrakt\u016f, kter\u00e9 d\u00e1vaj\u00ed pr\u00e1vo nebo povinnost koupit \u010di prodat podkladov\u00e9 aktivum za p\u0159edem stanovenou cenu do ur\u010dit\u00e9ho data. Trader p\u0159es opce nepracuje jen se sm\u011brem ceny, ale i s \u010dasem, volatilitou, pr\u00e9mi\u00ed a pravd\u011bpodobnost\u00ed.<\/p><p>Ne\u017e p\u016fjdeme d\u00e1l, ujasn\u00edme si stavebn\u00ed kameny, proto\u017ee cel\u00fd zbytek \u010dl\u00e1nku na nich stoj\u00ed:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdeb6af elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"bdeb6af\" 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\"><strong>Op\u010dn\u00ed kontrakt<\/strong> (anglicky <em>option contract<\/em>) \u2014 dohoda nav\u00e1zan\u00e1 na podkladov\u00e9 aktivum. U akciov\u00fdch opc\u00ed jeden kontrakt obvykle odpov\u00edd\u00e1 <strong>100 akci\u00edm<\/strong> podkladu. Tohle \u010d\u00edslo dr\u017e v hlav\u011b, vrac\u00ed se v ka\u017ed\u00e9m v\u00fdpo\u010dtu.<\/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\"><strong>Podkladov\u00e9 aktivum<\/strong> (anglicky <em>underlying asset<\/em>, \u010dasto jen <em>underlying<\/em>) \u2014 to, na co je opce nav\u00e1zan\u00e1: akcie, ETF, index, komodity, futures.<\/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\"><strong>Call opce<\/strong> (anglicky <em>call option<\/em>) \u2014 d\u00e1v\u00e1 kupuj\u00edc\u00edmu pr\u00e1vo koupit podklad za 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\"><strong>Put opce<\/strong> (anglicky <em>put option<\/em>) \u2014 d\u00e1v\u00e1 kupuj\u00edc\u00edmu pr\u00e1vo prodat podklad za 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\"><strong>N\u00e1kup opce<\/strong> (anglicky <em>buying<\/em>, jde o <em>long<\/em> pozici) \u2014 plat\u00ed\u0161 pr\u00e9mii a z\u00edsk\u00e1v\u00e1\u0161 pr\u00e1vo. Tvoje maxim\u00e1ln\u00ed ztr\u00e1ta u jednoduch\u00e9ho n\u00e1kupu je zaplacen\u00e1 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\"><strong>Vypisov\u00e1n\u00ed opce<\/strong> (anglicky <em>writing<\/em> nebo <em>selling<\/em>, jde o <em>short<\/em> pozici) \u2014 pr\u00e9mii inkasuje\u0161, ale bere\u0161 na sebe z\u00e1vazek, kter\u00fd m\u016f\u017ee nastat p\u0159i p\u0159i\u0159azen\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\"><strong>Strike cena<\/strong> (anglicky <em>strike price<\/em>, n\u011bkdy <em>exercise price<\/em>) \u2014 p\u0159edem dan\u00e1 cena, za kterou se podklad m\u016f\u017ee koupit nebo prodat.<\/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\"><strong>Expirace<\/strong> (anglicky <em>expiration<\/em>, p\u0159\u00edp. <em>expiration date<\/em>) \u2014 datum, do kter\u00e9ho opce plat\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\"><strong>Pr\u00e9mie<\/strong> (anglicky <em>premium<\/em>) \u2014 cena opce. Kupuj\u00edc\u00ed ji plat\u00ed, vypisovatel ji inkasuje.<\/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\"><strong>P\u0159i\u0159azen\u00ed<\/strong> (anglicky <em>assignment<\/em>) \u2014 okam\u017eik, kdy vypisovatel mus\u00ed splnit z\u00e1vazek (koupit nebo prodat podklad).<\/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-9a4841e elementor-widget elementor-widget-text-editor\" data-id=\"9a4841e\" 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\u00e1r dal\u0161\u00edch pojm\u016f, na kter\u00e9 naraz\u00ed\u0161 a kter\u00e9 se b\u011b\u017en\u011b pou\u017e\u00edvaj\u00ed v angli\u010dtin\u011b: <strong>break-even<\/strong> (bod zvratu), <strong>time decay<\/strong> \/ <strong>theta<\/strong> (\u010dasov\u00fd rozpad), <strong>implied volatility<\/strong> (implikovan\u00e1 volatilita), <strong>in the money \/ at the money \/ out of the money<\/strong> (ITM\/ATM\/OTM, vztah ceny podkladu ke strike) a <strong>cash settlement<\/strong> (vypo\u0159\u00e1d\u00e1n\u00ed v pen\u011bz\u00edch). Detailn\u00ed v\u00fdklad call a put najde\u0161 v \u010dl\u00e1nc\u00edch <a href=\"\/cs\/blog\/call-opce\">Call opce<\/a> a <a href=\"\/cs\/blog\/put-opce\">Put opce<\/a>. Tady jde o to vid\u011bt je jako sou\u010d\u00e1st jednoho v\u011bt\u0161\u00edho \u0159emesla.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba4ec6e elementor-widget elementor-widget-heading\" data-id=\"ba4ec6e\" 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\">Obchodov\u00e1n\u00ed opc\u00ed nen\u00ed jen n\u00e1kup call opce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2827bd8 elementor-widget elementor-widget-text-editor\" data-id=\"2827bd8\" 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>Hodn\u011b za\u010d\u00e1te\u010dn\u00edk\u016f si obchodov\u00e1n\u00ed opc\u00ed p\u0159elo\u017e\u00ed jako \u201ekoup\u00edm call, kdy\u017e \u010dek\u00e1m r\u016fst&quot; a \u201ekoup\u00edm put, kdy\u017e \u010dek\u00e1m pokles&quot;. To je legitimn\u00ed \u010d\u00e1st, ale jen mal\u00fd v\u00fd\u0159ez. Vedle sm\u011brov\u00fdch n\u00e1kup\u016f existuj\u00ed p\u0159\u00edstupy postaven\u00e9 na inkasu pr\u00e9mie (vypisov\u00e1n\u00ed), kombinovan\u00e9 strategie o v\u00edce op\u010dn\u00edch noh\u00e1ch a pozice, kter\u00e9 vyd\u011bl\u00e1vaj\u00ed, i kdy\u017e se trh skoro nehne.<\/p><p>Pr\u00e1v\u011b v tom je rozd\u00edl oproti b\u011b\u017en\u00e9mu tradingu akci\u00ed. U akcie \u0159e\u0161\u00ed\u0161 hlavn\u011b \u201enahoru, nebo dol\u016f&quot;. U opc\u00ed stav\u00ed\u0161 cel\u00fd <strong>sc\u00e9n\u00e1\u0159<\/strong>: jak daleko se trh mus\u00ed dostat, za jak dlouho, za jakou cenu opce a kdy z pozice vystoup\u00ed\u0161.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd40e89 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"bd40e89\" 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\tOpce nejsou jen p\u00e1kov\u00e1 s\u00e1zka na sm\u011br. Jsou to kontrakty, se kter\u00fdmi stav\u00ed\u0161 sc\u00e9n\u00e1\u0159e. A sc\u00e9n\u00e1\u0159 je d\u016fle\u017eit\u011bj\u0161\u00ed ne\u017e pocit, 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-589ce7c elementor-widget elementor-widget-heading\" data-id=\"589ce7c\" 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 obchodov\u00e1n\u00ed opc\u00ed funguje v praxi?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6227444 elementor-widget elementor-widget-text-editor\" data-id=\"6227444\" 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 praxi obchodov\u00e1n\u00ed opc\u00ed neza\u010d\u00edn\u00e1 t\u00edm, \u017ee si vybere\u0161 call, put, strike a expiraci. To je a\u017e technick\u00e9 proveden\u00ed obchodu. Nejd\u0159\u00edv mus\u00ed existovat <strong>sc\u00e9n\u00e1\u0159<\/strong>, kter\u00fd chce\u0161 obchodovat: co se m\u00e1 na trhu st\u00e1t, za jak\u00fdch podm\u00ednek do obchodu vstupuje\u0161, jakou op\u010dn\u00ed konstrukci pro dan\u00fd sc\u00e9n\u00e1\u0159 pou\u017eije\u0161 a jak\u00e9 riziko jsi ochotn\u00fd p\u0159ijmout.<\/p><p>Po\u0159ad\u00ed, kdy si za\u010d\u00e1te\u010dn\u00edk vybere \u201en\u011bjakou levn\u011b vypadaj\u00edc\u00ed call opci&quot; a teprve pak hled\u00e1 d\u016fvod, pro\u010d ji koupil, je obr\u00e1cen\u00e9 \u2014 a je to jedna z nejdra\u017e\u0161\u00edch chyb v op\u010dn\u00edm tradingu. Seri\u00f3zn\u00ed op\u010dn\u00ed obchod stoj\u00ed na procesu:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b68d83a elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"b68d83a\" 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> <strong>Definuje\u0161 tr\u017en\u00ed sc\u00e9n\u00e1\u0159<\/strong> \u2014 nap\u0159\u00edklad r\u016fst, pokles, stagnaci, zm\u011bnu volatility nebo n\u00e1vrat ceny do ur\u010dit\u00e9ho p\u00e1sma. Tohle je v\u00fdchodisko, ne 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<span class=\"elementor-icon-list-text\"><strong>2.<\/strong> <strong>Stanov\u00ed\u0161 vstupn\u00ed podm\u00ednky<\/strong> \u2014 co p\u0159esn\u011b mus\u00ed trh splnit, aby obchod v\u016fbec d\u00e1val smysl. Bez nich vstupuje\u0161 podle pocitu, ne podle 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<span class=\"elementor-icon-list-text\"><strong>3.<\/strong> <strong>Vybere\u0161 vhodnou op\u010dn\u00ed konstrukci v\u010detn\u011b jej\u00edch parametr\u016f<\/strong> \u2014 jednoduchou opci, nebo kombinaci opc\u00ed podle sc\u00e9n\u00e1\u0159e, rizika, pravd\u011bpodobnosti a o\u010dek\u00e1van\u00e9ho chov\u00e1n\u00ed trhu, a k tomu pravidla, jak pro dan\u00fd sc\u00e9n\u00e1\u0159 volit strike a expiraci. Ne n\u00e1hodn\u011b, ale podle logiky, kterou pak jde otestovat.<\/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> <strong>Ov\u011b\u0159\u00ed\u0161 logiku na datech<\/strong> \u2014 ide\u00e1ln\u011b backtestem na kvalitn\u00edch historick\u00fdch datech. U opc\u00ed je pro seri\u00f3zn\u00ed testov\u00e1n\u00ed vhodn\u00e9 pracovat alespo\u0148 s minutov\u00fdmi op\u010dn\u00edmi daty, proto\u017ee cena opce se m\u016f\u017ee chovat jinak ne\u017e samotn\u00fd podklad. Jak testovat bez sebeklamu, rozeb\u00edr\u00e1 Backtesting trading strategie.<\/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> <strong>Nastav\u00ed\u0161 risk management<\/strong> \u2014 velikost pozice, maxim\u00e1ln\u00ed ztr\u00e1tu, pravidla v\u00fdstupu a pr\u00e1ci s expirac\u00ed i p\u0159\u00edpadn\u00fdm p\u0159i\u0159azen\u00edm. Detail d\u00e1vaj\u00ed <a href=\"\/blog\/risk-management-v-tradingu\">Risk management v tradingu<\/a> a <a href=\"\/blog\/money-management\">Money management v tradingu<\/a>.<\/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> <strong>Pracuje\u0161 s p\u0159edem definovan\u00fdmi parametry obchodu<\/strong> \u2014 strike, expirace a pr\u00e9mie nejsou v\u00fdchoz\u00ed bod pro n\u00e1hodn\u00e9 rozhodnut\u00ed, ale sou\u010d\u00e1st testovan\u00e9 op\u010dn\u00ed konstrukce a pravidel strategie.<\/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> <strong>\u0158\u00edd\u00ed\u0161 a vyhodnocuje\u0161 obchod podle pravidel<\/strong> \u2014 ne podle n\u00e1lady, euforie nebo strachu. Ka\u017ed\u00fd obchod nakonec skon\u010d\u00ed v den\u00edku.<\/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-1e5cbb7 elementor-widget elementor-widget-text-editor\" data-id=\"1e5cbb7\" 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>Tohle je obecn\u00fd r\u00e1mec, jak nad op\u010dn\u00edm obchodem p\u0159em\u00fd\u0161let. Ve Volbeast ale nejde o to, aby trader poka\u017ed\u00e9 ru\u010dn\u011b vym\u00fd\u0161lel nov\u00fd sc\u00e9n\u00e1\u0159 od nuly. Smyslem je p\u0159ev\u00e9st obchodov\u00e1n\u00ed do mechanick\u00e9ho procesu: konkr\u00e9tn\u00ed strategie m\u00e1 p\u0159edem definovan\u00e9 vstupn\u00ed podm\u00ednky, op\u010dn\u00ed konstrukci, nastaven\u00ed strikes a expirace, pravidla pro \u0159\u00edzen\u00ed rizika i v\u00fdstup z obchodu. To, jestli m\u00e1 dan\u00fd p\u0159\u00edstup v\u00fdhodu, se nem\u00e1 odvozovat z pocitu, ale z ov\u011b\u0159en\u00ed na historick\u00fdch datech \u2014 u op\u010dn\u00edch strategi\u00ed ide\u00e1ln\u011b alespo\u0148 na minutov\u00fdch op\u010dn\u00edch datech. V\u00fdsledkem nen\u00ed n\u00e1zor na trh, ale sc\u00e9n\u00e1\u0159: pokud trh spln\u00ed dan\u00e9 podm\u00ednky, strategie se podle pravidel aplikuje.<\/p><p>Jin\u00fdmi slovy: call, put, strike a expirace nejsou samy o sob\u011b strategie. Jsou to parametry op\u010dn\u00ed konstrukce, kter\u00e9 d\u00e1vaj\u00ed smysl a\u017e ve chv\u00edli, kdy jsou sou\u010d\u00e1st\u00ed konkr\u00e9tn\u00edho sc\u00e9n\u00e1\u0159e, vstupn\u00edch podm\u00ednek, ov\u011b\u0159en\u00e9 logiky, \u0159\u00edzen\u00ed rizika a pravidel v\u00fdstupu.<\/p><p>Pr\u00e1v\u011b proto si te\u010f p\u00e1r t\u011bch n\u00e1stroj\u016f \u2014 podklad, strike, expiraci a pr\u00e9mii \u2014 projdeme zbl\u00edzka. A\u0165 je zasad\u00ed\u0161 do jakkoli jednoduch\u00e9ho nebo slo\u017eit\u00e9ho pl\u00e1nu, bez jejich pochopen\u00ed stoj\u00ed cel\u00fd proces v\u00fd\u0161e na vod\u011b. A p\u0159esn\u011b v nich za\u010d\u00e1te\u010dn\u00edci nej\u010dast\u011bji ztr\u00e1cej\u00ed pen\u00edze.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-994a217 elementor-widget elementor-widget-heading\" data-id=\"994a217\" 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-3338e02 elementor-widget elementor-widget-text-editor\" data-id=\"3338e02\" 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 nen\u00ed samostatn\u00fd sv\u011bt \u2014 je v\u017edy nav\u00e1zan\u00e1 na n\u011bco konkr\u00e9tn\u00edho. Nej\u010dast\u011bji to jsou akcie a ETF, d\u00e1le indexy, komodity a futures. Ne\u017e za\u010dne\u0161 obchodovat opci, m\u011bl bys rozum\u011bt podkladu: co h\u00fdbe jeho cenou, jak je volatiln\u00ed, jak likvidn\u00ed jsou na n\u011bm opce. Obchodovat opci na podklad, kter\u00e9mu nerozum\u00ed\u0161, je jako stav\u011bt na dvou nezn\u00e1m\u00fdch z\u00e1rove\u0148. Pozor i na zp\u016fsob vypo\u0159\u00e1d\u00e1n\u00ed: u akciov\u00fdch a ETF opc\u00ed se p\u0159i uplatn\u011bn\u00ed re\u00e1ln\u011b dod\u00e1v\u00e1 podklad, kde\u017eto indexov\u00e9 opce se vypo\u0159\u00e1d\u00e1vaj\u00ed v pen\u011bz\u00edch \u2014 index se fyzicky nekupuje ani neprod\u00e1v\u00e1.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ab8b51 elementor-widget elementor-widget-heading\" data-id=\"8ab8b51\" 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 cena<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63f93fb elementor-widget elementor-widget-text-editor\" data-id=\"63f93fb\" 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 je cena, za kterou lze podklad p\u0159es opci koupit (call) nebo prodat (put). Kl\u00ed\u010dov\u00fd je jej\u00ed vztah k aktu\u00e1ln\u00ed cen\u011b podkladu. Zjednodu\u0161en\u011b:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc622d9 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"dc622d9\" 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\"><strong>ITM (in the money)<\/strong> \u2014 opce u\u017e m\u00e1 vnit\u0159n\u00ed hodnotu.<\/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\"><strong>ATM (at the money)<\/strong> \u2014 strike je zhruba na cen\u011b podkladu.<\/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\"><strong>OTM (out of the money)<\/strong> \u2014 opce zat\u00edm vnit\u0159n\u00ed hodnotu nem\u00e1, je \u201emimo pen\u00edze&quot;.<\/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-0935503 elementor-widget elementor-widget-text-editor\" data-id=\"0935503\" 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\u00fdb\u011br striku m\u011bn\u00ed cel\u00fd charakter obchodu \u2014 pravd\u011bpodobnost \u00fasp\u011bchu, cenu pr\u00e9mie i to, jak velk\u00fd pohyb pot\u0159ebuje\u0161. Stejn\u00fd n\u00e1zor na trh vede u jin\u00e9ho striku k \u00fapln\u011b jin\u00e9mu obchodu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39ab87b elementor-widget elementor-widget-heading\" data-id=\"39ab87b\" 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-3246058 elementor-widget elementor-widget-text-editor\" data-id=\"3246058\" 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, do kter\u00e9ho opce plat\u00ed. A je to jeden z nejpodce\u0148ovan\u011bj\u0161\u00edch parametr\u016f. \u010c\u00edm bl\u00ed\u017e k expiraci, t\u00edm rychleji opce ztr\u00e1c\u00ed \u010dasovou hodnotu (\u010dasov\u00fd rozpad). Kr\u00e1tk\u00e1 expirace je levn\u011bj\u0161\u00ed, ale d\u00e1v\u00e1 sc\u00e9n\u00e1\u0159i m\u00e1lo \u010dasu. Del\u0161\u00ed expirace stoj\u00ed v\u00edc na pr\u00e9mii, ale poskytuje prostor, aby se n\u00e1zor naplnil.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad6ecb7 elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"ad6ecb7\" 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 opc\u00ed m\u016f\u017ee\u0161 m\u00edt pravdu na sm\u011br a p\u0159esto prod\u011blat \u2014 kdy\u017e pohyb p\u0159ijde a\u017e po expiraci, je ti k ni\u010demu.<\/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-ff8e05d elementor-widget elementor-widget-heading\" data-id=\"ff8e05d\" 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\">Pr\u00e9mie<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51507dd elementor-widget elementor-widget-text-editor\" data-id=\"51507dd\" 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>Pr\u00e9mie je cena opce. Nen\u00ed to detail, je to cel\u00e1 ekonomika obchodu. Kupuj\u00edc\u00ed pr\u00e9mii plat\u00ed (je to jeho maxim\u00e1ln\u00ed ztr\u00e1ta u jednoduch\u00e9ho n\u00e1kupu), vypisovatel ji inkasuje. A hlavn\u011b: pr\u00e9mie ur\u010duje <strong>break-even<\/strong> \u2014 bod, od kter\u00e9ho se obchod st\u00e1v\u00e1 ziskov\u00fdm.<\/p><p>U koupen\u00e9 call opce je break-even strike + pr\u00e9mie. U koupen\u00e9 put opce strike \u2212 pr\u00e9mie. P\u0159\u00edklad: koup\u00ed\u0161 call se strikem 105 USD za pr\u00e9mii 2 USD (tedy 2 \u00d7 100 = 200 USD za kontrakt). Break-even je 107 USD. Pod n\u00edm obchod p\u0159i expiraci vyd\u011bl\u00e1vat neza\u010dne, i kdyby akcie rostla.<\/p><p>Mo\u017en\u00e1 te\u010f m\u00e1\u0161 pocit, \u017ee je toho na opc\u00edch hodn\u011b. Srovnej to ale s alternativou. U b\u011b\u017en\u00e9ho n\u00e1kupu akcie pot\u0159ebuje\u0161, aby trh \u0161el nahoru. U shortu pot\u0159ebuje\u0161, aby \u0161el dol\u016f. Opce ti d\u00e1vaj\u00ed \u0161ir\u0161\u00ed paletu sc\u00e9n\u00e1\u0159\u016f: m\u016f\u017ee\u0161 pracovat s r\u016fstem, poklesem, stagnac\u00ed, p\u00e1smem i zm\u011bnou volatility.<\/p><p>To ale neznamen\u00e1, \u017ee jsou jednodu\u0161\u0161\u00ed. Znamen\u00e1 to, \u017ee d\u00e1vaj\u00ed v\u00edc mo\u017enost\u00ed \u2014 a v\u00edc mo\u017enost\u00ed vy\u017eaduje p\u0159esn\u011bj\u0161\u00ed pravidla. Pr\u00e9mie proto nen\u00ed jen cena opce. Je to vstup do cel\u00e9 ekonomiky obchodu: ur\u010duje break-even, ovliv\u0148uje riziko, pracuje s \u010dasem a rozhoduje o tom, jestli dan\u00fd sc\u00e9n\u00e1\u0159 v\u016fbec d\u00e1v\u00e1 smysl.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71254b9 elementor-widget elementor-widget-heading\" data-id=\"71254b9\" 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\">N\u00e1kup opc\u00ed vs. vypisov\u00e1n\u00ed opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7abf45e elementor-widget elementor-widget-text-editor\" data-id=\"7abf45e\" 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\u0159i n\u00e1kupu opce plat\u00ed\u0161 pr\u00e9mii a z\u00edsk\u00e1v\u00e1\u0161 pr\u00e1vo koupit nebo prodat podklad. P\u0159i vypisov\u00e1n\u00ed opce pr\u00e9mii inkasuje\u0161, ale p\u0159ij\u00edm\u00e1\u0161 povinnost, kter\u00e1 m\u016f\u017ee vzniknout p\u0159i p\u0159i\u0159azen\u00ed. Je to nejd\u016fle\u017eit\u011bj\u0161\u00ed d\u011blic\u00ed \u010d\u00e1ra cel\u00e9ho op\u010dn\u00edho obchodov\u00e1n\u00ed \u2014 a z\u00e1rove\u0148 ta, kterou za\u010d\u00e1te\u010dn\u00edci nej\u010dast\u011bji p\u0159ehl\u00ed\u017eej\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3b12d7 vb-table elementor-widget elementor-widget-text-editor\" data-id=\"a3b12d7\" 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>P\u0159\u00edstup<\/th><th>Co d\u011bl\u00e1\u0161<\/th><th>Typick\u00fd c\u00edl<\/th><th>Hlavn\u00ed riziko<\/th><\/tr><\/thead><tbody><tr><td>N\u00e1kup call opce<\/td><td>Plat\u00ed\u0161 pr\u00e9mii za pr\u00e1vo koupit<\/td><td>Spekulace na r\u016fst<\/td><td>Ztr\u00e1ta zaplacen\u00e9 pr\u00e9mie<\/td><\/tr><tr><td>N\u00e1kup put opce<\/td><td>Plat\u00ed\u0161 pr\u00e9mii za pr\u00e1vo prodat<\/td><td>Spekulace na pokles nebo zaji\u0161t\u011bn\u00ed<\/td><td>Ztr\u00e1ta zaplacen\u00e9 pr\u00e9mie<\/td><\/tr><tr><td>Vyps\u00e1n\u00ed call opce<\/td><td>Inkasuje\u0161 pr\u00e9mii za povinnost dodat\/prodat<\/td><td>P\u0159\u00edjem z pr\u00e9mie, covered call<\/td><td>Riziko p\u0159i r\u016fstu podkladu (u nah\u00e9ho v\u00fdpisu teoreticky neomezen\u00e9)<\/td><\/tr><tr><td>Vyps\u00e1n\u00ed put opce<\/td><td>Inkasuje\u0161 pr\u00e9mii za povinnost koupit<\/td><td>P\u0159\u00edjem z pr\u00e9mie, cash secured put<\/td><td>Riziko p\u0159i poklesu podkladu<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce7bcb elementor-widget elementor-widget-text-editor\" data-id=\"4ce7bcb\" 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>Kl\u00ed\u010dov\u00fd rozd\u00edl: u n\u00e1kupu opce je riziko omezen\u00e9 na zaplacenou pr\u00e9mii, ale obchod \u010dasto skon\u010d\u00ed ztr\u00e1tou kv\u016fli ub\u00edhaj\u00edc\u00edmu \u010dasu. U vypisov\u00e1n\u00ed opce inkasuje\u0161 pr\u00e9mii hned, ale p\u0159eb\u00edr\u00e1\u0161 z\u00e1vazek, kter\u00fd mus\u00ed\u0161 um\u011bt ust\u00e1t \u2014 a ten z\u00e1vazek m\u016f\u017ee b\u00fdt v\u00fdrazn\u011b v\u011bt\u0161\u00ed ne\u017e p\u0159ijat\u00e1 pr\u00e9mie. Inkasovan\u00e1 pr\u00e9mie nen\u00ed zisk zdarma.<\/p><p>Proto plat\u00ed jednoduch\u00e9 pravidlo pro po\u0159ad\u00ed u\u010den\u00ed: nejd\u0159\u00edv pochop n\u00e1kup, pak teprve vypisov\u00e1n\u00ed. Vypisov\u00e1n\u00ed nen\u00ed \u201epokro\u010dilej\u0161\u00ed zp\u016fsob, jak vyd\u011blat v\u00edc&quot; \u2014 je to jin\u00fd druh rizika, kter\u00fd vy\u017eaduje kapit\u00e1l a pravidla.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bba3549 elementor-widget elementor-widget-heading\" data-id=\"bba3549\" 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 typy op\u010dn\u00edch strategi\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdf8b86 elementor-widget elementor-widget-text-editor\" data-id=\"cdf8b86\" 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>C\u00edlem t\u00e9hle sekce nen\u00ed nau\u010dit t\u011b ka\u017edou strategii do detailu, ale d\u00e1t ti <strong>mapu<\/strong> \u2014 abys v\u011bd\u011bl, kam jednotliv\u00e9 p\u0159\u00edstupy pat\u0159\u00ed a v jak\u00e9m po\u0159ad\u00ed jim v\u011bnovat pozornost. Ka\u017ed\u00e1 z nich m\u00e1 vlastn\u00ed \u010dl\u00e1nek; tady jen ukazuju, jak do sebe zapadaj\u00ed.<\/p><p>Jedna v\u011bc dop\u0159edu, proto\u017ee se vrac\u00ed u ka\u017ed\u00e9ho p\u0159\u00edstupu n\u00ed\u017e: <strong>samotn\u00e1 op\u010dn\u00ed kombinace je\u0161t\u011b nen\u00ed strategie.<\/strong> Covered call, cash secured put nebo iron condor jsou konstrukce \u2014 strategi\u00ed se st\u00e1vaj\u00ed a\u017e ve chv\u00edli, kdy k nim p\u0159id\u00e1\u0161 obchodn\u00ed pl\u00e1n, money management a \u0159\u00edzen\u00ed rizika. Strategie odpov\u00edd\u00e1 na to, <em>pro\u010d<\/em> do pozice vstupuje\u0161, <em>kolik<\/em> riskuje\u0161 a <em>co<\/em> ud\u011bl\u00e1\u0161, kdy\u017e se sc\u00e9n\u00e1\u0159 nenapln\u00ed. Bez toho je to jen op\u010dn\u00ed kombinace.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58f5eb6 elementor-widget elementor-widget-heading\" data-id=\"58f5eb6\" 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\">Jednoduch\u00fd n\u00e1kup call nebo put opce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-295d3c6 elementor-widget elementor-widget-text-editor\" data-id=\"295d3c6\" 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>Nejsrozumiteln\u011bj\u0161\u00ed vstup. O\u010dek\u00e1v\u00e1\u0161 v\u00fdrazn\u00fd pohyb, koup\u00ed\u0161 call (na r\u016fst) nebo put (na pokles), riskuje\u0161 jen pr\u00e9mii. Srozumiteln\u00e9 ano, ale ne nutn\u011b jednoduch\u00e9 na dlouhodob\u00fd zisk: mus\u00ed\u0161 trefit sm\u011br, velikost pohybu <strong>i<\/strong> \u010das. \u010casov\u00fd rozpad p\u0159itom pracuje proti tob\u011b.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b266e2 elementor-widget elementor-widget-heading\" data-id=\"3b266e2\" 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-794da6b elementor-widget elementor-widget-text-editor\" data-id=\"794da6b\" 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>Vlastn\u00ed\u0161 akcie a vyp\u00ed\u0161e\u0161 proti nim call opci. Inkasuje\u0161 pr\u00e9mii a v\u00fdm\u011bnou p\u0159ij\u00edm\u00e1\u0161 mo\u017enost, \u017ee akcie p\u0159i r\u016fstu prod\u00e1\u0161 za strike. Samotn\u00e1 op\u010dn\u00ed kombinace ale je\u0161t\u011b nen\u00ed strategie \u2014 tou se covered call st\u00e1v\u00e1 a\u017e s obchodn\u00edm pl\u00e1nem, money managementem a \u0159\u00edzen\u00edm rizika: kdy\u017e v\u00ed\u0161, pro\u010d do pozice vstupuje\u0161, kolik riskuje\u0161 a co ud\u011bl\u00e1\u0161, kdy\u017e se sc\u00e9n\u00e1\u0159 nenapln\u00ed. Detail rozeb\u00edr\u00e1 \u010dl\u00e1nek Covered call.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0caa59 elementor-widget elementor-widget-heading\" data-id=\"e0caa59\" 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-13a3a52 elementor-widget elementor-widget-text-editor\" data-id=\"13a3a52\" 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>Vyp\u00ed\u0161e\u0161 put opci a m\u00e1\u0161 stranou p\u0159ipravenou hotovost na p\u0159\u00edpadn\u00fd n\u00e1kup podkladu p\u0159i p\u0159i\u0159azen\u00ed. Pracuje\u0161 s pr\u00e9mi\u00ed a z\u00e1rove\u0148 s ochotou koupit akcii za strike. V\u00edc v \u010dl\u00e1nku Cash secured put.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17c68d4 elementor-widget elementor-widget-heading\" data-id=\"17c68d4\" 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\">Spready<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed94ecd elementor-widget elementor-widget-text-editor\" data-id=\"ed94ecd\" 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>Spread je kombinace v\u00edce opc\u00ed na stejn\u00fd podklad, kter\u00e1 propojuje n\u00e1kup a v\u00fdpis opce do jedn\u00e9 konstrukce. C\u00edlem m\u016f\u017ee b\u00fdt ohrani\u010dit riziko, sn\u00ed\u017eit cenu vstupu, pracovat s pravd\u011bpodobnost\u00ed nebo p\u0159esn\u011bji vyj\u00e1d\u0159it konkr\u00e9tn\u00ed tr\u017en\u00ed sc\u00e9n\u00e1\u0159.<\/p><p>Nej\u010dast\u011bji se setk\u00e1\u0161 s vertik\u00e1ln\u00edmi spready, kde jsou opce ve stejn\u00e9 expiraci, ale na r\u016fzn\u00fdch strike cen\u00e1ch. Existuj\u00ed ale i konstrukce p\u0159es r\u016fzn\u00e9 expirace, nap\u0159\u00edklad diagon\u00e1ln\u00ed nebo kalend\u00e1\u0159n\u00ed spready. Podle toho, jestli p\u0159i vstupu pr\u00e9mii plat\u00ed\u0161 nebo inkasuje\u0161, m\u016f\u017ee j\u00edt o debetn\u00ed nebo kreditn\u00ed spread.<\/p><p>D\u016fle\u017eit\u00e9 je, \u017ee spread s\u00e1m o sob\u011b po\u0159\u00e1d nen\u00ed hotov\u00e1 strategie. V\u017edy z\u00e1le\u017e\u00ed na konkr\u00e9tn\u00ed konstrukci, sc\u00e9n\u00e1\u0159i, v\u00fdb\u011bru strike cen, expiraci, kreditn\u00edm nebo debetn\u00edm charakteru a hlavn\u011b na risk profilu. Jinak se chov\u00e1 spread postaven\u00fd na r\u016fst, jinak spread na pokles, jinak spread na stagnaci nebo pr\u00e1ci s volatilitou.<\/p><p>Ze spread\u016f se pak daj\u00ed stav\u011bt slo\u017eit\u011bj\u0161\u00ed op\u010dn\u00ed konstrukce jako iron condor, iron fly, butterfly a dal\u0161\u00ed modifikace. Proto d\u00e1v\u00e1 smysl ch\u00e1pat spready jako stavebn\u00ed blok \u2014 ne jako jednu univerz\u00e1ln\u00ed strategii.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdef224 elementor-widget elementor-widget-heading\" data-id=\"bdef224\" 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-ff0ad87 elementor-widget elementor-widget-text-editor\" data-id=\"ff0ad87\" 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 slo\u017eit\u011bj\u0161\u00ed op\u010dn\u00ed konstrukce slo\u017een\u00e1 ze dvou spreadov\u00fdch nohou. Typicky pracuje se sc\u00e9n\u00e1\u0159em, \u017ee trh z\u016fstane v ur\u010dit\u00e9m p\u00e1smu. M\u00e1 <strong>definovan\u00e9 riziko<\/strong>, ale definovan\u00e9 neznamen\u00e1 mal\u00e9 \u2014 po\u0159\u00e1d vy\u017eaduje pochopen\u00ed v\u00edce op\u010dn\u00edch nohou, vztahu mezi kreditn\u00edm p\u0159\u00edjmem a maxim\u00e1ln\u00ed ztr\u00e1tou, expirace, volatility a \u0159\u00edzen\u00ed pozice. Rozeb\u00edr\u00e1 ji \u010dl\u00e1nek Iron condor.<\/p><p>\u0160ir\u0161\u00ed pohled na to, jak strategie poskl\u00e1dat do syst\u00e9mu, najde\u0161 v \u010dl\u00e1nku Op\u010dn\u00ed strategie.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcc169c elementor-widget elementor-widget-heading\" data-id=\"bcc169c\" 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 lid\u00e9 obchoduj\u00ed opce?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2e1f53 elementor-widget elementor-widget-text-editor\" data-id=\"f2e1f53\" 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 p\u0159itahuj\u00ed tradery z konkr\u00e9tn\u00edch d\u016fvod\u016f \u2014 a stoj\u00ed za to je pojmenovat poctiv\u011b, s jejich druhou stranou:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd3ee49 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"cd3ee49\" 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\"><strong>Obchodov\u00e1n\u00ed r\u016fstu, poklesu i stagnace<\/strong> \u2014 mo\u017enost\u00ed je v\u00edc, ale v\u00edc mo\u017enost\u00ed znamen\u00e1 i v\u00edc zp\u016fsob\u016f, jak chybovat.<\/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\"><strong>Pr\u00e1ce s pr\u00e9mi\u00ed<\/strong> \u2014 m\u016f\u017ee\u0161 inkasovat, ale s inkasem p\u0159eb\u00edr\u00e1\u0161 z\u00e1vazek.<\/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\"><strong>Flexibilita<\/strong> \u2014 stavebnice strategi\u00ed, kter\u00e1 vy\u017eaduje, abys j\u00ed rozum\u011bl.<\/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\"><strong>Definovan\u00e9 riziko<\/strong> u n\u011bkter\u00fdch strategi\u00ed \u2014 pozor: definovan\u00e9 neznamen\u00e1 mal\u00e9.<\/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\"><strong>Zaji\u0161t\u011bn\u00ed portfolia<\/strong> \u2014 put jako pojistka proti propadu, za kterou 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\"><strong>Efektivn\u011bj\u0161\u00ed pr\u00e1ce s kapit\u00e1lem<\/strong> \u2014 kter\u00e1 se snadno zvrhne v nadm\u011brnou p\u00e1ku.<\/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-ea2e9d6 elementor-alert-info elementor-widget elementor-widget-alert\" data-id=\"ea2e9d6\" 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>Opce jsou atraktivn\u00ed, proto\u017ee d\u00e1vaj\u00ed v\u00edc mo\u017enost\u00ed. V\u00edc mo\u017enost\u00ed ale automaticky neznamen\u00e1 jednodu\u0161\u0161\u00ed obchodov\u00e1n\u00ed. \u010c\u00edm v\u00edc parametr\u016f m\u016f\u017ee\u0161 nastavit, t\u00edm d\u016fle\u017eit\u011bj\u0161\u00ed je m\u00edt pravidla.<\/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-c2470f0 elementor-widget elementor-widget-heading\" data-id=\"c2470f0\" 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\">Hlavn\u00ed rizika obchodov\u00e1n\u00ed opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d677235 elementor-widget elementor-widget-text-editor\" data-id=\"d677235\" 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>Tady p\u0159ibrzd\u00edme, proto\u017ee tahle sekce je d\u016fle\u017eit\u011bj\u0161\u00ed ne\u017e seznam v\u00fdhod. U opc\u00ed je zr\u00e1dn\u00e9 pr\u00e1v\u011b to, \u017ee na prvn\u00ed pohled vypadaj\u00ed p\u0159esn\u011b: vid\u00ed\u0161 strike, expiraci, pr\u00e9mii i maxim\u00e1ln\u00ed ztr\u00e1tu. Jen\u017ee pokud nerozum\u00ed\u0161 tomu, jak se cena opce m\u011bn\u00ed v \u010dase a p\u0159i zm\u011bn\u011b volatility, v\u00fdsledek t\u011b p\u0159ekvap\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df9c015 elementor-widget elementor-widget-heading\" data-id=\"df9c015\" 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\">\u010casov\u00fd rozpad<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef10d57 elementor-widget elementor-widget-text-editor\" data-id=\"ef10d57\" 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>Hodnota opce se s bl\u00ed\u017e\u00edc\u00ed se expirac\u00ed m\u011bn\u00ed. U koupen\u00fdch opc\u00ed \u010das obvykle pracuje <strong>proti<\/strong> tob\u011b \u2014 i kdy\u017e se podklad neh\u00fdbe, opce ztr\u00e1c\u00ed hodnotu. U vypsan\u00fdch opc\u00ed \u010das naopak m\u016f\u017ee pom\u00e1hat, ale riziko z\u00e1vazku t\u00edm nezmiz\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0224f6d elementor-widget elementor-widget-heading\" data-id=\"0224f6d\" 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\">Volatilita<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae54db0 elementor-widget elementor-widget-text-editor\" data-id=\"ae54db0\" 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>Cenu opce ovliv\u0148uje o\u010dek\u00e1van\u00fd pohyb trhu (implikovan\u00e1 volatilita). Opce m\u016f\u017ee ztratit hodnotu, i kdy\u017e se podklad nepohne proti tob\u011b \u2014 sta\u010d\u00ed, \u017ee trh \u201ezklidn\u00ed&quot;. Pozor hlavn\u011b u n\u00e1kupu drah\u00fdch opc\u00ed v obdob\u00ed vysok\u00e9 volatility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b142b01 elementor-widget elementor-widget-heading\" data-id=\"b142b01\" 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\u0159i\u0159azen\u00ed<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14b50d0 elementor-widget elementor-widget-text-editor\" data-id=\"14b50d0\" 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 vypsan\u00fdch opc\u00ed m\u016f\u017ee nastat povinnost koupit (put) nebo prodat (call) podklad. Za\u010d\u00e1te\u010dn\u00edk mus\u00ed p\u0159edem v\u011bd\u011bt, co se stane p\u0159i expiraci nebo p\u0159ed\u010dasn\u00e9m uplatn\u011bn\u00ed \u2014 a m\u00edt na to kapit\u00e1l. P\u0159i p\u0159i\u0159azen\u00ed nejde o \u201ekousek&quot;: jeden kontrakt = 100 akci\u00ed za strike cenu.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af3db97 elementor-widget elementor-widget-heading\" data-id=\"af3db97\" 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\u00e1ka a velikost pozice<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35ccb3e elementor-widget elementor-widget-text-editor\" data-id=\"35ccb3e\" 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 d\u00e1vaj\u00ed p\u00e1ku \u2014 mal\u00fd kapit\u00e1l ovl\u00e1d\u00e1 velkou expozici. To zv\u011bt\u0161uje zisk i ztr\u00e1tu. Nah\u00fd v\u00fdpis call opce m\u00e1 teoreticky neomezenou ztr\u00e1tu (cena podkladu m\u016f\u017ee r\u016fst bez stropu). Velikost pozice proto nen\u00ed detail, ale j\u00e1dro p\u0159e\u017eit\u00ed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aadf958 elementor-widget elementor-widget-heading\" data-id=\"aadf958\" 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\">Psychologie a emoce<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1790b7c elementor-widget elementor-widget-text-editor\" data-id=\"1790b7c\" 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>FOMO, panika, revenge trading, p\u0159\u00edli\u0161 velk\u00e9 pozice, neschopnost dodr\u017eet pl\u00e1n.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc7cc04 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"bc7cc04\" 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\tV\u011bt\u0161ina probl\u00e9m\u016f v tradingu neza\u010d\u00edn\u00e1 grafem. Za\u010d\u00edn\u00e1 t\u00edm, \u017ee \u010dlov\u011bk nem\u00e1 proces, podle kter\u00e9ho se rozhoduje.\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-d413465 elementor-widget elementor-widget-text-editor\" data-id=\"d413465\" 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>Ka\u017ed\u00e9 z t\u011bch rizik m\u00e1 p\u0159itom sv\u016fj prot\u011bj\u0161ek v procesu: \u010dasov\u00fd rozpad \u2192 pl\u00e1n v\u00fdstupu p\u0159edem; volatilita \u2192 podm\u00ednky vstupu, ne jen n\u00e1zor na sm\u011br; p\u0159i\u0159azen\u00ed \u2192 p\u0159ipraven\u00fd kapit\u00e1l; p\u00e1ka \u2192 velikost pozice podle rizika; emoce \u2192 checklist a den\u00edk. Riziku se nevyhne\u0161, ale d\u00e1 se zar\u00e1movat. Jak na to systematicky, rozeb\u00edr\u00e1 <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-32c6570 elementor-widget elementor-widget-heading\" data-id=\"32c6570\" 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 obchodov\u00e1n\u00edm opc\u00ed krok za krokem?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd0abb4 elementor-widget elementor-widget-text-editor\" data-id=\"bd0abb4\" 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\u00edt s opcemi neznamen\u00e1 otev\u0159\u00edt platformu a hledat prvn\u00ed obchod. Znamen\u00e1 to pochopit pravidla hry, vybrat si jednoduch\u00fd sc\u00e9n\u00e1\u0159, otestovat ho a nau\u010dit se rozhodovat podle procesu. Po\u0159ad\u00ed, kter\u00e9 d\u00e1v\u00e1 smysl:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-126777c elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"126777c\" 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> <strong>Pochop \u00fapln\u00e9 z\u00e1klady opc\u00ed<\/strong> \u2014 co opce je a jak vznik\u00e1 jej\u00ed 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<span class=\"elementor-icon-list-text\"><strong>2.<\/strong> <strong>Nau\u010d se rozd\u00edl mezi call a put opc\u00ed<\/strong> \u2014 a kdy kter\u00e1 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<span class=\"elementor-icon-list-text\"><strong>3.<\/strong> <strong>Rozli\u0161uj n\u00e1kup a vypisov\u00e1n\u00ed opc\u00ed<\/strong> \u2014 jin\u00e9 riziko, jin\u00fd kapit\u00e1l.<\/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> <strong>Pochop strike, expiraci, pr\u00e9mii a break-even<\/strong> \u2014 bez break-even neum\u00ed\u0161 obchod vyhodnotit.<\/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> <strong>Za\u010dni s pap\u00edrov\u00fdm obchodov\u00e1n\u00edm nebo simulac\u00ed<\/strong> \u2014 viz <a href=\"\/blog\/paper-trading\">paper trading<\/a>.<\/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> <strong>Vyber si jednu jednoduchou strategii k pochopen\u00ed<\/strong> \u2014 ne p\u011bt najednou.<\/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> <strong>Otestuj ji na historick\u00fdch datech nebo v simulaci<\/strong> \u2014 viz <a href=\"\/blog\/backtesting-trading\">backtesting<\/a>.<\/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> <strong>Vytvo\u0159 si pravidla pro vstup, v\u00fdstup a riziko<\/strong> \u2014 napsan\u00e1 p\u0159edem.<\/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> <strong>Ve\u010f si obchodn\u00ed den\u00edk<\/strong> \u2014 bez n\u011bj nepozn\u00e1\u0161, co funguje.<\/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> <strong>Teprve potom uva\u017euj o re\u00e1ln\u00fdch pen\u011bz\u00edch<\/strong> \u2014 a za\u010dni mal\u00fdm rizikem.<\/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-a8963b3 elementor-widget elementor-widget-text-editor\" data-id=\"a8963b3\" 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>Co se stane, kdy\u017e kroky 5\u20139 p\u0159esko\u010d\u00ed\u0161? Otev\u0159e\u0161 re\u00e1lnou pozici bez pravidel, bez vyhodnocen\u00e9 s\u00e9rie a bez pl\u00e1nu v\u00fdstupu. Prvn\u00ed zisk pak p\u0159ip\u00ed\u0161e\u0161 sv\u00fdm schopnostem, prvn\u00ed ztr\u00e1tu sm\u016fle \u2014 a oboj\u00ed je \u0161patn\u011b. Bez procesu nev\u00ed\u0161, jestli v\u00fdsledek vznikl podle pl\u00e1nu, nebo n\u00e1hodou.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfdc4e1 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=\"bfdc4e1\" 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\tStarter Pack\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\tNe\u017e za\u010dne\u0161 obchodovat opce s re\u00e1ln\u00fdmi pen\u011bzi, postav si z\u00e1klad. Starter Pack t\u011b provede pravidly, kter\u00e1 pot\u0159ebuje\u0161 zn\u00e1t \u2014 od sc\u00e9n\u00e1\u0159e p\u0159es risk a\u017e po vyhodnocen\u00ed.\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\/starter-pack\">\n\t\t\t\t\t\tChci Starter Pack\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-c9ee824 elementor-widget elementor-widget-heading\" data-id=\"c9ee824\" 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\u00fd kapit\u00e1l je pot\u0159eba na obchodov\u00e1n\u00ed opc\u00ed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2960944 elementor-widget elementor-widget-text-editor\" data-id=\"2960944\" 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>Tady pozor na ot\u00e1zku samotnou. \u201eKolik pen\u011bz pot\u0159ebuju na opce&quot; je m\u00e9n\u011b u\u017eite\u010dn\u00e1 ne\u017e \u201ekolik si m\u016f\u017eu dovolit ztratit na jeden obchod, ani\u017e bych poru\u0161il vlastn\u00ed pravidla&quot;. Kapit\u00e1l z\u00e1vis\u00ed tak\u00e9 na po\u017eadavc\u00edch brokera, ale hlavn\u011b na obchodn\u00edm p\u0159\u00edstupu:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4568299 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"4568299\" 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\"><strong>N\u00e1kup opce<\/strong> m\u016f\u017ee vy\u017eadovat relativn\u011b m\u00e1lo kapit\u00e1lu \u2014 plat\u00ed\u0161 jen 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\"><strong>Vypsan\u00e9 opce<\/strong> mohou vy\u017eadovat v\u00fdrazn\u011b v\u00edc kapit\u00e1lu nebo margin.<\/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\"><strong>Cash secured put<\/strong> vy\u017eaduje hotovost na p\u0159\u00edpadn\u00fd n\u00e1kup 100 akci\u00ed za strike.<\/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\"><strong>Covered call<\/strong> vy\u017eaduje, abys dr\u017eel odpov\u00eddaj\u00edc\u00ed po\u010det akci\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\t\t<div class=\"elementor-element elementor-element-d43c85f elementor-alert-info elementor-widget elementor-widget-alert\" data-id=\"d43c85f\" 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>Spr\u00e1vn\u00e1 ot\u00e1zka nen\u00ed \u201ekolik pen\u011bz pot\u0159ebuji na opce&quot;. Lep\u0161\u00ed je: kolik m\u016f\u017eu ztratit na jeden obchod, ani\u017e bych se za\u010dal rozhodovat emo\u010dn\u011b a ztr\u00e1cel v\u00edc ne\u017e m\u016fj \u00fa\u010det unese?<\/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-553b6d9 elementor-widget elementor-widget-text-editor\" data-id=\"553b6d9\" 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>Velikost rizika na obchod a pr\u00e1ci s kapit\u00e1lem rozeb\u00edr\u00e1 <a href=\"\/cs\/blog\/money-management\">Money 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-08945e4 elementor-widget elementor-widget-heading\" data-id=\"08945e4\" 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\">Je obchodov\u00e1n\u00ed opc\u00ed vhodn\u00e9 pro za\u010d\u00e1te\u010dn\u00edky?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0537f3e elementor-widget elementor-widget-text-editor\" data-id=\"0537f3e\" 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>Obchodov\u00e1n\u00ed opc\u00ed m\u016f\u017ee b\u00fdt pro za\u010d\u00e1te\u010dn\u00edka vhodn\u00e9 jako <strong>t\u00e9ma ke studiu<\/strong> \u2014 dob\u0159e ukazuje vztah mezi rizikem, \u010dasem, pravd\u011bpodobnost\u00ed a sc\u00e9n\u00e1\u0159em. Pro re\u00e1ln\u00e9 obchodov\u00e1n\u00ed ale opce nejsou vhodn\u00e9 bez p\u0159\u00edpravy, testov\u00e1n\u00ed a pochopen\u00ed rizik.<\/p><p>Za\u010d\u00e1te\u010dn\u00edk by m\u011bl:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-977d93f elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"977d93f\" 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\">za\u010d\u00edt edukac\u00ed, ne otev\u0159en\u00edm 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-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\">vyzkou\u0161et si proces v simulaci,<\/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\">nekop\u00edrovat ciz\u00ed obchody 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-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\">neza\u010d\u00ednat slo\u017eit\u00fdmi strategiemi,<\/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\">ch\u00e1pat riziko vypsan\u00fdch 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\">m\u00edt pl\u00e1n a v\u00e9st den\u00edk.<\/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-7735f0a elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"7735f0a\" 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 neza\u010d\u00edn\u00e1me ot\u00e1zkou \u201ejak rychle m\u016f\u017eu vyd\u011blat&quot;. Za\u010d\u00edn\u00e1me ot\u00e1zkou \u201ejak se m\u016f\u017eu rozhodovat tak, aby m\u011b jeden obchod nerozhodil&quot;.\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-a95a32c elementor-widget elementor-widget-text-editor\" data-id=\"a95a32c\" 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>\u0160ir\u0161\u00ed vstup do tradingu jako takov\u00e9ho d\u00e1v\u00e1 \u010dl\u00e1nek <a href=\"\/cs\/blog\/trading-pro-zacatecniky\">Trading pro za\u010d\u00e1te\u010dn\u00edky<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4032986 elementor-widget elementor-widget-heading\" data-id=\"4032986\" 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 p\u0159i obchodov\u00e1n\u00ed opc\u00ed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1083e8f elementor-widget elementor-widget-text-editor\" data-id=\"1083e8f\" 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 u opc\u00ed v\u011bt\u0161inou neselh\u00e1vaj\u00ed na neznalosti definic. Selh\u00e1vaj\u00ed na tom, \u017ee p\u0159eskakuj\u00ed proces. \u010cast\u00e9 chyby:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5fdc43 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"a5fdc43\" 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\">za\u010d\u00edt 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\">obchodovat p\u0159\u00edli\u0161 slo\u017eit\u00e9 strategie,<\/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\">kupovat opce jen podle pocitu,<\/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\">ignorovat expiraci a \u010dasov\u00fd rozpad,<\/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\">ignorovat volatilitu,<\/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\">nepo\u010d\u00edtat 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-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\">vypisovat opce bez pochopen\u00ed z\u00e1vazku,<\/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\">obchodovat p\u0159\u00edli\u0161 velk\u00e9 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\">nem\u00edt 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-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\u0161it risk management,<\/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\u00edrovat ciz\u00ed obchody,<\/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\">obchodovat po ztr\u00e1t\u011b ze vzteku,<\/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\">sledovat jen mo\u017en\u00fd zisk a podce\u0148ovat riziko p\u0159i\u0159azen\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-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\">nev\u00e9st 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\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\u011bnit strategii po ka\u017ed\u00e9m v\u00fdsledku.<\/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-44f49da elementor-alert-info elementor-widget elementor-widget-alert\" data-id=\"44f49da\" 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>Nejv\u011bt\u0161\u00ed chyba nen\u00ed ztr\u00e1tov\u00fd obchod \u2014 ty k tradingu pat\u0159\u00ed. Probl\u00e9m je, kdy\u017e nev\u00ed\u0161, jestli ztr\u00e1ta vznikla podle pl\u00e1nu, nebo kv\u016fli chaosu.<\/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-4e65a3a elementor-widget elementor-widget-text-editor\" data-id=\"4e65a3a\" 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>Velk\u00e1 \u010d\u00e1st t\u011bch chyb je psychologick\u00e1. Pro\u010d k nim doch\u00e1z\u00ed a jak s nimi pracovat, rozeb\u00edr\u00e1 \u010dl\u00e1nek <a href=\"\/cs\/blog\/psychologie-tradingu\">Psychologie tradingu<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f7ce38 elementor-widget elementor-widget-heading\" data-id=\"3f7ce38\" 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 obchodov\u00e1n\u00edm opc\u00ed p\u0159em\u00fd\u0161l\u00ed Volbeast<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18e0e29 elementor-widget elementor-widget-text-editor\" data-id=\"18e0e29\" 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>Ve Volbeast nestav\u00edme obchodov\u00e1n\u00ed opc\u00ed na pocitu, predikc\u00edch a adrenalinu. Stav\u00edme ho na syst\u00e9mu, pravidlech, testov\u00e1n\u00ed, vyhodnocov\u00e1n\u00ed a \u0159\u00edzen\u00ed rizika. V praxi to znamen\u00e1 m\u00e9n\u011b impulzivn\u00edch rozhodnut\u00ed, m\u00e9n\u011b emoc\u00ed, m\u00e9n\u011b chaosu \u2014 a v\u00edc dat, pravidel a opakovatelnosti a hlavn\u011b bez pot\u0159eby sed\u011bt u graf\u016f hodiny a neust\u00e1le subjektivn\u011b vyhodnocovat trh.<\/p><p>Rozd\u00edl je v tom, co pova\u017euje\u0161 za j\u00e1dro obchodu. S\u00e1zka\u0159 \u0159e\u0161\u00ed \u201ekam to p\u016fjde&quot;. Trader \u0159e\u0161\u00ed \u201ejak\u00fd sc\u00e9n\u00e1\u0159 obchoduju, kolik riskuju a co ud\u011bl\u00e1m, kdy\u017e nevyjde&quot;. Prvn\u00ed p\u0159\u00edstup vede ke sb\u00edrce n\u00e1hodn\u00fdch v\u00fdsledk\u016f, druh\u00fd k procesu, kter\u00fd se d\u00e1 vyhodnotit a zlep\u0161ovat.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-155a7f6 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"155a7f6\" 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\tOpce nejsou zkratka. Jsou n\u00e1stroj. A n\u00e1stroj je u\u017eite\u010dn\u00fd a\u017e ve chv\u00edli, kdy v\u00ed\u0161, jak ho pou\u017e\u00edvat.\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-89732fe 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=\"89732fe\" 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 + Founders (Full 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\tDobr\u00e1 zpr\u00e1va je, \u017ee takov\u00fd proces nemus\u00ed\u0161 stav\u011bt cel\u00fd s\u00e1m od nuly. N\u00e1\u0161 p\u0159\u00edstup stoj\u00ed pr\u00e1v\u011b na sc\u00e9n\u00e1\u0159\u00edch, pravidlech, backtestech, \u0159\u00edzen\u00ed rizika a vyhodnocov\u00e1n\u00ed. Pokud chce\u0161 nejd\u0159\u00edv pochopit, jak tenhle zp\u016fsob pr\u00e1ce funguje a jestli ti sed\u00ed, m\u016f\u017ee\u0161 za\u010d\u00edt p\u0159es <a href=\"https:\/\/volbeast.com\/cs\/free-ride\">Free Ride<\/a> \u2014 vstupn\u00ed krok o 3 lekc\u00edch zdarma. Pokud chce\u0161 j\u00edt do hloubky a pracovat s cel\u00fdm syst\u00e9mem, hlavn\u00ed cesta je <strong>Founders (Full Ride)<\/strong>.\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\tZa\u010d\u00edt s 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-ffcaf00 elementor-widget elementor-widget-heading\" data-id=\"ffcaf00\" 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 si odn\u00e9st p\u0159ed prvn\u00edm op\u010dn\u00edm obchodem?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b057273 elementor-widget elementor-widget-text-editor\" data-id=\"b057273\" 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 zad\u00e1\u0161 re\u00e1ln\u00fd op\u010dn\u00ed obchod, projdi tenhle checklist. Na ka\u017ed\u00fd bod bys m\u011bl um\u011bt odpov\u011bd\u011bt ano \u2014 pokud ne, obchod je\u0161t\u011b nem\u00e1 pravidla:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-389eaf0 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"389eaf0\" 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\">V\u00edm, jestli opci kupuji, nebo vypisuji.<\/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\">V\u00edm, jestli jde o call, nebo 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\">V\u00edm, jak\u00e1 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\">V\u00edm, kdy opce expiruje.<\/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\">V\u00edm, kolik plat\u00edm nebo inkasuji 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\">V\u00edm, 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\">V\u00edm, kolik maxim\u00e1ln\u011b riskuji (v pen\u011bz\u00edch, ne v pocitu).<\/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\">V\u00edm, co ud\u011bl\u00e1m p\u0159i zisku.<\/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\">V\u00edm, co ud\u011bl\u00e1m p\u0159i ztr\u00e1t\u011b.<\/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\">V\u00edm, co se stane p\u0159i expiraci a p\u0159\u00edpadn\u00e9m p\u0159i\u0159azen\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\">V\u00edm, pro\u010d tenhle obchod d\u00e1v\u00e1m.<\/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\">V\u00edm, jak ho zap\u00ed\u0161u do den\u00edku.<\/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-7e25f0f elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"7e25f0f\" 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>Pokud si na tyto ot\u00e1zky neum\u00ed\u0161 odpov\u011bd\u011bt p\u0159ed vstupem, nen\u00ed probl\u00e9m v trhu. Probl\u00e9m je v tom, \u017ee obchod je\u0161t\u011b nem\u00e1 pravidla.<\/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-cbd1cd4 elementor-widget elementor-widget-heading\" data-id=\"cbd1cd4\" 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-82c514d e-con-full vb-summary e-flex e-con e-child\" data-id=\"82c514d\" 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-049a554 elementor-widget elementor-widget-text-editor\" data-id=\"049a554\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Obchodov\u00e1n\u00ed opc\u00ed je n\u00e1kup nebo vypisov\u00e1n\u00ed op\u010dn\u00edch kontrakt\u016f na podkladov\u00e9 aktivum.<\/li><li>Opce umo\u017e\u0148uj\u00ed obchodovat r\u016fst, pokles, stagnaci i volatilitu \u2014 ne jen sm\u011br.<\/li><li>Z\u00e1kladn\u00edmi typy jsou call a put opce; jeden kontrakt obvykle = 100 akci\u00ed.<\/li><li>N\u00e1kup opce a vypisov\u00e1n\u00ed opce maj\u00ed odli\u0161n\u00e9 riziko i kapit\u00e1lov\u00e9 n\u00e1roky.<\/li><li>Kl\u00ed\u010dovou roli hraje strike, expirace, pr\u00e9mie, volatilita a \u010das, ne jen n\u00e1zor na sm\u011br.<\/li><li>Za\u010d\u00e1te\u010dn\u00edk by m\u011bl za\u010d\u00edt edukac\u00ed, simulac\u00ed a jednoduch\u00fdmi pravidly.<\/li><li>Opce bez syst\u00e9mu se rychle m\u011bn\u00ed v drah\u00e9 tipov\u00e1n\u00ed.<\/li><li>Ve Volbeast k opc\u00edm p\u0159istupujeme p\u0159es proces, data, pravidla a risk management.<\/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-d429714 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"d429714\" 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-859d2f1 elementor-widget elementor-widget-heading\" data-id=\"859d2f1\" 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-9bfe1ac vb-faq elementor-widget elementor-widget-n-accordion\" data-id=\"9bfe1ac\" 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-1630\" 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-1630\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co je obchodov\u00e1n\u00ed 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-1630\" class=\"elementor-element elementor-element-f56c881 e-con-full e-flex e-con e-child\" data-id=\"f56c881\" 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-96cf5a7 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"96cf5a7\" 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>Obchodov\u00e1n\u00ed opc\u00ed znamen\u00e1 nakupovat nebo vypisovat op\u010dn\u00ed kontrakty \u2014 dohody, kter\u00e9 d\u00e1vaj\u00ed pr\u00e1vo nebo povinnost koupit \u010di prodat podkladov\u00e9 aktivum za p\u0159edem stanovenou cenu do ur\u010dit\u00e9ho data. Trader p\u0159itom pracuje nejen se sm\u011brem ceny, ale tak\u00e9 s \u010dasem, volatilitou, pr\u00e9mi\u00ed a pravd\u011bpodobnost\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-1631\" 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-1631\" >\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 obchodovat 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-1631\" class=\"elementor-element elementor-element-0e81b77 e-con-full e-flex e-con e-child\" data-id=\"0e81b77\" 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-5c1b6de vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"5c1b6de\" 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>Nejd\u0159\u00edv je pot\u0159eba pochopit z\u00e1kladn\u00ed pojmy jako call, put, strike, expirace, pr\u00e9mie a break-even. Potom d\u00e1v\u00e1 smysl zkou\u0161et jednoduch\u00e9 strategie v simulaci nebo paper tradingu, testovat je a v\u00e9st si den\u00edk. Teprve n\u00e1sledn\u011b, s mal\u00fdm rizikem a jasn\u00fdmi pravidly, m\u00e1 smysl uva\u017eovat o re\u00e1ln\u00fdch pen\u011bz\u00edch.<\/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-1632\" 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-1632\" >\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-1632\" class=\"elementor-element elementor-element-cfdc353 e-con-full e-flex e-con e-child\" data-id=\"cfdc353\" 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-ca1821b vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"ca1821b\" 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 pro za\u010d\u00e1te\u010dn\u00edka vhodn\u00e9 jako t\u00e9ma ke studiu, proto\u017ee dob\u0159e ukazuj\u00ed vztah mezi rizikem, \u010dasem, pravd\u011bpodobnost\u00ed a sc\u00e9n\u00e1\u0159em. Pro re\u00e1ln\u00e9 obchodov\u00e1n\u00ed ale vy\u017eaduj\u00ed, jako u jak\u00e9hokoliv jin\u00e9ho zp\u016fsobu obchodov\u00e1n\u00ed, p\u0159\u00edpravu, pochopen\u00ed rizik, testov\u00e1n\u00ed a jasn\u00fd obchodn\u00ed pl\u00e1n. Bez toho se z nich snadno stane drah\u00e9 tipov\u00e1n\u00ed sm\u011bru.<\/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-1633\" 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-1633\" >\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 n\u00e1kupem a vypisov\u00e1n\u00edm 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-1633\" class=\"elementor-element elementor-element-7c3fa0c e-con-full e-flex e-con e-child\" data-id=\"7c3fa0c\" 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-824adc6 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"824adc6\" 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\u0159i n\u00e1kupu opce plat\u00ed\u0161 pr\u00e9mii a z\u00edsk\u00e1v\u00e1\u0161 pr\u00e1vo koupit nebo prodat podklad; tvoje maxim\u00e1ln\u00ed ztr\u00e1ta u jednoduch\u00e9ho n\u00e1kupu je zaplacen\u00e1 pr\u00e9mie. P\u0159i vypisov\u00e1n\u00ed opce pr\u00e9mii inkasuje\u0161, ale p\u0159ij\u00edm\u00e1\u0161 povinnost, kter\u00e1 m\u016f\u017ee vzniknout p\u0159i p\u0159i\u0159azen\u00ed \u2014 a ta m\u016f\u017ee b\u00fdt v\u00fdrazn\u011b v\u011bt\u0161\u00ed ne\u017e inkasovan\u00e1 pr\u00e9mie.<\/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-1634\" 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-1634\" >\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 vyd\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-1634\" class=\"elementor-element elementor-element-0e27996 e-con-full e-flex e-con e-child\" data-id=\"0e27996\" 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-255145e vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"255145e\" 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, na opc\u00edch se vyd\u011blat d\u00e1, ale nen\u00ed to zaru\u010den\u00e9. Opce jsou rizikov\u00fd n\u00e1stroj a bez syst\u00e9mu, \u0159\u00edzen\u00ed rizika a discipl\u00edny mohou v\u00e9st ke ztr\u00e1t\u011b kapit\u00e1lu. Dlouhodob\u00fd v\u00fdsledek nevych\u00e1z\u00ed z jednoho dobr\u00e9ho obchodu, ale ze s\u00e9rie obchod\u016f obchodovan\u00fdch podle pravidel a vyhodnocovan\u00fdch v den\u00edku.<\/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-1635\" 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-1635\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Kolik pen\u011bz pot\u0159ebuji na obchodov\u00e1n\u00ed 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-1635\" class=\"elementor-element elementor-element-6617f26 e-con-full e-flex e-con e-child\" data-id=\"6617f26\" 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-3cdf16a vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"3cdf16a\" 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>Z\u00e1le\u017e\u00ed na brokerovi, strategii a velikosti pozice. N\u00e1kup opce m\u016f\u017ee vy\u017eadovat m\u00e9n\u011b kapit\u00e1lu ne\u017e dr\u017een\u00ed akcie, proto\u017ee plat\u00ed\u0161 jen pr\u00e9mii. Vypisov\u00e1n\u00ed opc\u00ed ale m\u016f\u017ee vy\u017eadovat vy\u0161\u0161\u00ed kapit\u00e1l nebo margin \u2014 nap\u0159\u00edklad cash secured put vy\u017eaduje hotovost na n\u00e1kup 100 akci\u00ed za strike. D\u016fle\u017eit\u011bj\u0161\u00ed ne\u017e minim\u00e1ln\u00ed kapit\u00e1l je velikost rizika na jeden obchod.<\/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-1636\" 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-1636\" >\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-1636\" class=\"elementor-element elementor-element-5f2c155 e-con-full e-flex e-con e-child\" data-id=\"5f2c155\" 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-bdca9fb vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"bdca9fb\" 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 opce. Kupuj\u00edc\u00ed ji plat\u00ed za pr\u00e1vo koupit nebo prodat podkladov\u00e9 aktivum a je to jeho maxim\u00e1ln\u00ed ztr\u00e1ta u jednoduch\u00e9ho n\u00e1kupu. Vypisovatel pr\u00e9mii inkasuje v\u00fdm\u011bnou za p\u0159evzet\u00ed z\u00e1vazku. Pr\u00e9mie z\u00e1rove\u0148 ur\u010duje break-even \u2014 bod, od kter\u00e9ho se obchod st\u00e1v\u00e1 ziskov\u00fdm.<\/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-1637\" 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-1637\" >\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-1637\" class=\"elementor-element elementor-element-c086082 e-con-full e-flex e-con e-child\" data-id=\"c086082\" 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-ec2191c vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"ec2191c\" 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, do kter\u00e9ho m\u00e1 opce platnost. Po expiraci opce bu\u010f zanikne bez hodnoty, nebo dojde k uplatn\u011bn\u00ed \u010di p\u0159i\u0159azen\u00ed podle typu a stavu opce. \u010c\u00edm bl\u00ed\u017e k expiraci, t\u00edm rychleji opce ztr\u00e1c\u00ed \u010dasovou hodnotu, co\u017e je d\u016fle\u017eit\u00e9 hlavn\u011b u koupen\u00fdch opc\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-1638\" 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-1638\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Jak\u00e1 jsou hlavn\u00ed rizika obchodov\u00e1n\u00ed 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-1638\" class=\"elementor-element elementor-element-7c06454 e-con-full e-flex e-con e-child\" data-id=\"7c06454\" 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-12e4f34 vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"12e4f34\" 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>Mezi hlavn\u00ed rizika pat\u0159\u00ed ztr\u00e1ta zaplacen\u00e9 pr\u00e9mie, \u010dasov\u00fd rozpad, zm\u011bna volatility, \u0161patn\u00e9 na\u010dasov\u00e1n\u00ed, nepochopen\u00ed strategie, p\u0159i\u0159azen\u00ed u vypsan\u00fdch opc\u00ed, p\u0159\u00edli\u0161 velk\u00e1 pozice kv\u016fli p\u00e1ce a obchodov\u00e1n\u00ed bez pl\u00e1nu. U nah\u00e9ho v\u00fdpisu call opce je riziko teoreticky neomezen\u00e9, proto\u017ee cena podkladu m\u016f\u017ee r\u016fst bez stropu.<\/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-1639\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"10\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1639\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Co je nejlep\u0161\u00ed op\u010dn\u00ed strategie 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-1639\" class=\"elementor-element elementor-element-73a0aff e-con-full e-flex e-con e-child\" data-id=\"73a0aff\" 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-7259d2f vb-faq-answer elementor-widget elementor-widget-text-editor\" data-id=\"7259d2f\" 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>Neexistuje jedna nejlep\u0161\u00ed strategie pro v\u0161echny. Za\u010d\u00e1te\u010dn\u00edk by m\u011bl nejd\u0159\u00edv pochopit z\u00e1kladn\u00ed principy, rizika a jednoduch\u00e9 strategie, ne\u017e za\u010dne hledat konkr\u00e9tn\u00ed obchodn\u00ed p\u0159\u00edstup. Jednoduch\u00fd n\u00e1kup call nebo put opce je srozumiteln\u00fd pro pochopen\u00ed mechaniky, ale i tak vy\u017eaduje pr\u00e1ci s \u010dasem, break-even bodem a velikost\u00ed pozice.<\/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 je obchodov\\u00e1n\\u00ed opc\\u00ed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Obchodov\\u00e1n\\u00ed opc\\u00ed znamen\\u00e1 nakupovat nebo vypisovat op\\u010dn\\u00ed kontrakty \\u2014 dohody, kter\\u00e9 d\\u00e1vaj\\u00ed pr\\u00e1vo nebo povinnost koupit \\u010di prodat podkladov\\u00e9 aktivum za p\\u0159edem stanovenou cenu do ur\\u010dit\\u00e9ho data. Trader p\\u0159itom pracuje nejen se sm\\u011brem ceny, ale tak\\u00e9 s \\u010dasem, volatilitou, pr\\u00e9mi\\u00ed a pravd\\u011bpodobnost\\u00ed.\"}},{\"@type\":\"Question\",\"name\":\"Jak za\\u010d\\u00edt obchodovat opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Nejd\\u0159\\u00edv je pot\\u0159eba pochopit z\\u00e1kladn\\u00ed pojmy jako call, put, strike, expirace, pr\\u00e9mie a break-even. Potom d\\u00e1v\\u00e1 smysl zkou\\u0161et jednoduch\\u00e9 strategie v simulaci nebo paper tradingu, testovat je a v\\u00e9st si den\\u00edk. Teprve n\\u00e1sledn\\u011b, s mal\\u00fdm rizikem a jasn\\u00fdmi pravidly, m\\u00e1 smysl uva\\u017eovat o re\\u00e1ln\\u00fdch pen\\u011bz\\u00edch.\"}},{\"@type\":\"Question\",\"name\":\"Jsou opce vhodn\\u00e9 pro za\\u010d\\u00e1te\\u010dn\\u00edky?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Opce jsou pro za\\u010d\\u00e1te\\u010dn\\u00edka vhodn\\u00e9 jako t\\u00e9ma ke studiu, proto\\u017ee dob\\u0159e ukazuj\\u00ed vztah mezi rizikem, \\u010dasem, pravd\\u011bpodobnost\\u00ed a sc\\u00e9n\\u00e1\\u0159em. Pro re\\u00e1ln\\u00e9 obchodov\\u00e1n\\u00ed ale vy\\u017eaduj\\u00ed, jako u jak\\u00e9hokoliv jin\\u00e9ho zp\\u016fsobu obchodov\\u00e1n\\u00ed, p\\u0159\\u00edpravu, pochopen\\u00ed rizik, testov\\u00e1n\\u00ed a jasn\\u00fd obchodn\\u00ed pl\\u00e1n. Bez toho se z nich snadno stane drah\\u00e9 tipov\\u00e1n\\u00ed sm\\u011bru.\"}},{\"@type\":\"Question\",\"name\":\"Jak\\u00fd je rozd\\u00edl mezi n\\u00e1kupem a vypisov\\u00e1n\\u00edm opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"P\\u0159i n\\u00e1kupu opce plat\\u00ed\\u0161 pr\\u00e9mii a z\\u00edsk\\u00e1v\\u00e1\\u0161 pr\\u00e1vo koupit nebo prodat podklad; tvoje maxim\\u00e1ln\\u00ed ztr\\u00e1ta u jednoduch\\u00e9ho n\\u00e1kupu je zaplacen\\u00e1 pr\\u00e9mie. 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D\\u016fle\\u017eit\\u011bj\\u0161\\u00ed ne\\u017e minim\\u00e1ln\\u00ed kapit\\u00e1l je velikost rizika na jeden obchod.\"}},{\"@type\":\"Question\",\"name\":\"Co je op\\u010dn\\u00ed pr\\u00e9mie?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Op\\u010dn\\u00ed pr\\u00e9mie je cena opce. Kupuj\\u00edc\\u00ed ji plat\\u00ed za pr\\u00e1vo koupit nebo prodat podkladov\\u00e9 aktivum a je to jeho maxim\\u00e1ln\\u00ed ztr\\u00e1ta u jednoduch\\u00e9ho n\\u00e1kupu. Vypisovatel pr\\u00e9mii inkasuje v\\u00fdm\\u011bnou za p\\u0159evzet\\u00ed z\\u00e1vazku. Pr\\u00e9mie z\\u00e1rove\\u0148 ur\\u010duje break-even \\u2014 bod, od kter\\u00e9ho se obchod st\\u00e1v\\u00e1 ziskov\\u00fdm.\"}},{\"@type\":\"Question\",\"name\":\"Co je expirace opce?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Expirace je datum, do kter\\u00e9ho m\\u00e1 opce platnost. Po expiraci opce bu\\u010f zanikne bez hodnoty, nebo dojde k uplatn\\u011bn\\u00ed \\u010di p\\u0159i\\u0159azen\\u00ed podle typu a stavu opce. \\u010c\\u00edm bl\\u00ed\\u017e k expiraci, t\\u00edm rychleji opce ztr\\u00e1c\\u00ed \\u010dasovou hodnotu, co\\u017e je d\\u016fle\\u017eit\\u00e9 hlavn\\u011b u koupen\\u00fdch opc\\u00ed.\"}},{\"@type\":\"Question\",\"name\":\"Jak\\u00e1 jsou hlavn\\u00ed rizika obchodov\\u00e1n\\u00ed opc\\u00ed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mezi hlavn\\u00ed rizika pat\\u0159\\u00ed ztr\\u00e1ta zaplacen\\u00e9 pr\\u00e9mie, \\u010dasov\\u00fd rozpad, zm\\u011bna volatility, \\u0161patn\\u00e9 na\\u010dasov\\u00e1n\\u00ed, nepochopen\\u00ed strategie, p\\u0159i\\u0159azen\\u00ed u vypsan\\u00fdch opc\\u00ed, p\\u0159\\u00edli\\u0161 velk\\u00e1 pozice kv\\u016fli p\\u00e1ce a obchodov\\u00e1n\\u00ed bez pl\\u00e1nu. U nah\\u00e9ho v\\u00fdpisu call opce je riziko teoreticky neomezen\\u00e9, proto\\u017ee cena podkladu m\\u016f\\u017ee r\\u016fst bez stropu.\"}},{\"@type\":\"Question\",\"name\":\"Co je nejlep\\u0161\\u00ed op\\u010dn\\u00ed strategie pro za\\u010d\\u00e1te\\u010dn\\u00edky?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Neexistuje jedna nejlep\\u0161\\u00ed strategie pro v\\u0161echny. Za\\u010d\\u00e1te\\u010dn\\u00edk by m\\u011bl nejd\\u0159\\u00edv pochopit z\\u00e1kladn\\u00ed principy, rizika a jednoduch\\u00e9 strategie, ne\\u017e za\\u010dne hledat konkr\\u00e9tn\\u00ed obchodn\\u00ed p\\u0159\\u00edstup. Jednoduch\\u00fd n\\u00e1kup call nebo put opce je srozumiteln\\u00fd pro pochopen\\u00ed mechaniky, ale i tak vy\\u017eaduje pr\\u00e1ci s \\u010dasem, break-even bodem a velikost\\u00ed pozice.\"}}]}<\/script>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75a6dca elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"75a6dca\" 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-82657b7 vb-toc-exclude elementor-widget elementor-widget-heading\" data-id=\"82657b7\" 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-3359a62 e-con-full vb-disclaimer e-flex e-con e-child\" data-id=\"3359a62\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-468d07a elementor-widget elementor-widget-text-editor\" data-id=\"468d07a\" 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, jak funguje obchodov\u00e1n\u00ed opc\u00ed, co mus\u00ed zn\u00e1t za\u010d\u00e1te\u010dn\u00edk, jak\u00e1 jsou hlavn\u00ed rizika a pro\u010d je u opc\u00ed d\u016fle\u017eit\u00fd syst\u00e9m, pravidla a risk management.<\/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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