{"id":89786,"date":"2018-02-16T07:17:00","date_gmt":"2018-02-16T07:17:00","guid":{"rendered":""},"modified":"2023-01-06T20:36:55","modified_gmt":"2023-01-06T20:36:55","slug":"modalitati-de-iesi-dintr-o-pozitie-cu","status":"publish","type":"post","link":"https:\/\/cvnextjob.com\/index.php\/2018\/02\/16\/modalitati-de-iesi-dintr-o-pozitie-cu\/","title":{"rendered":"Modalit\u0103\u0163i de a ie\u015fi dintr-o pozi\u0163ie cu op\u0163iuni"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><h3 class=\"post-title entry-title\" itemprop=\"headline\" style=\"background-color: white; color: #333333; font-family: Oswald, sans-serif; font-size: 20px; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: normal; line-height: 1.1; margin: 0px 0px 10px; padding: 0px; position: relative;\"><\/h3>\n<div class=\"post-body entry-content\" id=\"post-body-408942551934015313\" style=\"background-color: white; color: #555555; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 13px; line-height: 1.7; margin: 0px; overflow: hidden; padding: 0px; width: 615px;\">\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Op\u0163iunile difer\u0103 de contractele futures \u015fi dup\u0103 modul de lichidare a pozi\u0163iilor. Ie\u015firea dintr-o astfel de pozi\u0163ie presupune trei alternative:<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">1. Exercitarea op\u0163iunii care devine un contract futures<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Aceast\u0103 alternativ\u0103 este posibil\u0103 numai pentru de\u0163in\u0103torii de op\u0163iuni. Dac\u0103 de\u0163in\u0103torul unei op\u0163iuni vrea s\u0103 o exercite, va adopta o pozi\u0163ie futures la pre\u0163ul de exercitare &#8211; long futures pentru call, short futures pentru put. C\u00e2nd se exercit\u0103 op\u0163iunea, Casa de Compensa\u0163ie stabile\u015fte o pozi\u0163ie invers\u0103, aleas\u0103 la \u00eent\u00e2mplare dintre v\u00e2nz\u0103torii de op\u0163iuni.<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">2. Compensarea ei<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Dac\u0103 op\u0163iunea a crescut \u00een valoare se poate realiza profit prin simpla ei v\u00e2nzare pe pia\u0163a. Similar, v\u00e2nzarea unei op\u0163iuni poate s\u0103 elimine expunerea la pierderi sau s\u0103 protejeze o parte din venitul din prim\u0103 r\u0103scump\u0103r\u00e2nd op\u0163iunea \u015fi lichid\u00e2nd pozi\u0163ia.<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Tranzac\u0163ia opus\u0103 se refer\u0103 la ini\u0163ierea unei opera\u0163iuni de burs\u0103 invers\u0103 celei ini\u0163iale (cump\u0103r\u0103torul ini\u0163iaz\u0103 o v\u00e2nzare iar v\u00e2nz\u0103torul ini\u0163iaz\u0103 o cump\u0103rare) pentru acela\u015fi tip de opera\u0163iune, cu aceea\u015fi scaden\u0163\u0103 \u015fi cu acela\u015fi pre\u0163 de exercitare.<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Tranzac\u0163ieini\u0163ial\u0103de lichidareOp\u0163iuni CALLCump\u0103r\u0103torCump\u0103r\u0103 o op\u0163iune CALLVinde o op\u0163iune CALLV\u00e2nz\u0103torVinde o op\u0163iune CALLCump\u0103r\u0103 o op\u0163iune CALLOp\u0163iuni PUTCump\u0103r\u0103torCump\u0103r\u0103 o op\u0163iune PUTVinde o op\u0163iune PUTV\u00e2nz\u0103torVinde o op\u0163iune PUTCump\u0103r\u0103 o op\u0163iune PUT<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">3. A\u015fteptarea p\u00e2n\u0103 la scaden\u0163\u0103<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\"><span lang=\"EN-AU\" style=\"font-size: 12pt;\">Dac\u0103 op\u0163iunea este \u00een afara banilor, aceasta este cea mai logic\u0103 solu\u0163ie; dac\u0103 de\u0163ii o op\u0163iune \u00een bani ea va fi automat exercitat\u0103 la scaden\u0163\u0103. La scaden\u0163\u0103, clasificarea op\u0163iunilor \u00een bani, la bani sau \u00een afara banilor se face \u00een raport cu valoarea indicelui BET(ROL) comunicat\u0103 de Bursa de Valori Bucure\u015fti \u00een ultima zi de valabilitate a contractului pentru op\u0163iunile pe contractul futures BET(ROL) \u015fi \u00een raport de cota\u0163iile oficiale pentru USD \u015fi Euro, comunicate de Banca Na\u0163ionala a Rom\u00e2niei la scaden\u0163a op\u0163iunilor pe contractul futures ROL\/USD si EURO\/USD.<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Op\u0163iunile difer\u0103 de contractele futures \u015fi dup\u0103 modul de lichidare a pozi\u0163iilor. Ie\u015firea dintr-o astfel de pozi\u0163ie presupune trei alternative: 1. Exercitarea op\u0163iunii care devine un contract futures Aceast\u0103 alternativ\u0103 este posibil\u0103 numai pentru de\u0163in\u0103torii de op\u0163iuni. Dac\u0103 de\u0163in\u0103torul unei op\u0163iuni vrea s\u0103 o exercite, va adopta o pozi\u0163ie futures la pre\u0163ul de exercitare &#8211; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts\/89786"}],"collection":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/comments?post=89786"}],"version-history":[{"count":0,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/posts\/89786\/revisions"}],"wp:attachment":[{"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/media?parent=89786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/categories?post=89786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvnextjob.com\/index.php\/wp-json\/wp\/v2\/tags?post=89786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}