{"id":326,"date":"2018-07-27T16:07:27","date_gmt":"2018-07-27T19:07:27","guid":{"rendered":"https:\/\/www.amarilfranklin.com.br\/?page_id=326"},"modified":"2020-08-18T11:11:28","modified_gmt":"2020-08-18T14:11:28","slug":"opcoes-de-acoes","status":"publish","type":"page","link":"https:\/\/www.amarilfranklin.com.br\/index.php\/opcoes-de-acoes\/","title":{"rendered":"Op\u00e7\u00f5es de A\u00e7\u00f5es"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.22&#8243;][et_pb_row admin_label=&#8221;row&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;4.5.6&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postmetadataheader\">\n<h1 class=\"tresbf-postheader\" style=\"text-align: center;\">Op\u00e7\u00f5es de A\u00e7\u00f5es<\/h1>\n<\/div>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<p>S\u00e3o contratos que garantem o direito de compra ou venda de uma determinada a\u00e7\u00e3o dentro de um prazo estipulado, a um valor prefixado.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221; column_structure=&#8221;1_2,1_2&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Estrat\u00e9gia<\/h3>\n<p>Contratos de op\u00e7\u00f5es s\u00e3o instrumentos derivativos para mitigar riscos ou criar estrat\u00e9gias especulativas em rela\u00e7\u00e3o a trajet\u00f3ria de pre\u00e7os de uma a\u00e7\u00e3o.<\/p>\n<p>Todas as negocia\u00e7\u00f5es de compra e venda de op\u00e7\u00f5es s\u00e3o intermediadas por corretoras. O consumidor deve buscar, nas corretoras, um assessor de investimentos para aconselhar ou montar uma estrat\u00e9gia.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Pr\u00eamio<\/h3>\n<p style=\"text-align: justify;\">Valor da op\u00e7\u00e3o, que \u00e9 negociado em mercado e pago pelo comprador da op\u00e7\u00e3o ao vendedor quando da realiza\u00e7\u00e3o do neg\u00f3cio. O pr\u00eamio n\u00e3o se trata de um adiantamento, mas sim do valor do direito de comprar (se forem op\u00e7\u00f5es de compra), ou vender (op\u00e7\u00f5es de venda), a a\u00e7\u00e3o por um pre\u00e7o pr\u00e9-determinada (pre\u00e7o de exerc\u00edcio) durante um certo per\u00edodo de tempo (at\u00e9 o vencimento da op\u00e7\u00e3o).<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221; column_structure=&#8221;1_4,1_4,1_4,1_4&#8243;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<h3 class=\"tresbf-postmetadataheader\">Call<\/h3>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<p>Se o direito negociado refere-se a uma compra, diz-se que a op\u00e7\u00e3o \u00e9 de compra ou de call.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Put<\/h3>\n<p>Se o direito se refere a uma venda, dizemos que a op\u00e7\u00e3o \u00e9 de put.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<h3 class=\"tresbf-postmetadataheader\">Pre\u00e7o de Exerc\u00edcio<\/h3>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<p>\u00c9 o valor fixado para a compra ou venda do papel nos contratos de op\u00e7\u00e3o. Tamb\u00e9m \u00e9 chamado de strike price.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Vencimento<\/h3>\n<p>As op\u00e7\u00f5es sobre a\u00e7\u00f5es t\u00eam vencimento na terceira segunda-feira de cada m\u00eas.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221; column_structure=&#8221;1_2,1_2&#8243;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Comprador ou Titular da Op\u00e7\u00e3o<\/h3>\n<p>Numa opera\u00e7\u00e3o de compra, ele adquire o direito de comprar o ativo at\u00e9 o vencimento, e tende a faz\u00ea-lo se a cota\u00e7\u00e3o da a\u00e7\u00e3o no mercado \u00e0 vista estiver maior do que o pre\u00e7o de exerc\u00edcio. Para ter esta garantia, ele paga um pr\u00eamio.<br \/>\nNuma opera\u00e7\u00e3o de venda, ele tem o direito de vender a a\u00e7\u00e3o e tende a exerc\u00ea-lo se o valor do papel estiver menor que o do exerc\u00edcio.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Vendedor ou Lan\u00e7ador<\/h3>\n<p>Numa opera\u00e7\u00e3o de compra, tem a obriga\u00e7\u00e3o de vender a a\u00e7\u00e3o ao pre\u00e7o combinado. Para isso, recebe um pr\u00eamio. Na de venda, tem o compromisso de comprar o ativo se o comprador assim o quiser.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Custos e Tributos<\/h3>\n<p>As opera\u00e7\u00f5es realizadas no mercado de op\u00e7\u00f5es est\u00e3o sujeitas a:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Taxa de corretagem (livremente pactuada entre o cliente e a Corretora que ele contratar). A taxa \u00e9 calculada sobre o valor das opera\u00e7\u00f5es em preg\u00e3o, isto \u00e9, sobre o valor dos pr\u00eamios. Se houver o exerc\u00edcio da op\u00e7\u00e3o, ser\u00e1 cobrada, tanto do lan\u00e7ador como do titular, a corretagem sobre o valor de exerc\u00edcio, ou seja, o resultado da multiplica\u00e7\u00e3o do pre\u00e7o total da opera\u00e7\u00e3o pelo n\u00famero de a\u00e7\u00f5es de cada op\u00e7\u00e3o exercida;<\/li>\n<li>Taxa de registro;<\/li>\n<li>Emolumentos;<\/li>\n<li>Taxas de liquida\u00e7\u00e3o.<\/li>\n<li>Taxas de Cust\u00f3dia<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>O Imposto de Renda incide sobre todas as opera\u00e7\u00f5es, sendo que os procedimentos s\u00e3o diferenciados para opera\u00e7\u00f5es financeiras e n\u00e3o financeiras.<\/p>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Se\u00e7\u00e3o&#8221; _builder_version=&#8221;3.22&#8243; background_color=&#8221;#eaeaea&#8221; transparent_background=&#8221;off&#8221; make_fullwidth=&#8221;off&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221;][et_pb_row admin_label=&#8221;Linha&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postmetadataheader\">\n<h2 class=\"tresbf-postheader\" style=\"text-align: center;\">Alerta do Mercado de Op\u00e7\u00f5es<\/h2>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Linha&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;94%&#8221; width_tablet=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;94%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; make_fullwidth=&#8221;on&#8221; use_custom_width=&#8221;off&#8221; width_unit=&#8221;on&#8221; column_structure=&#8221;1_3,1_3,1_3&#8243;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postmetadataheader\">\n<h3 class=\"tresbf-postheader\">Risco do Titular da Op\u00e7\u00e3o de Compra<\/h3>\n<\/div>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<p>O risco do titular de uma op\u00e7\u00e3o est\u00e1 limitado ao valor pago pelo pr\u00eamio da op\u00e7\u00e3o. No entanto, \u00e9 necess\u00e1rio que o investidor esteja consciente de que ele poder\u00e1 perder at\u00e9 a totalidade de seu investimento, se o comportamento do pre\u00e7o a vista da a\u00e7\u00e3o objeto, ap\u00f3s a aquisi\u00e7\u00e3o das op\u00e7\u00f5es e at\u00e9 o seu vencimento, n\u00e3o for favor\u00e1vel \u00e0 sua posi\u00e7\u00e3o (as op\u00e7\u00f5es s\u00e3o v\u00e1lidas apenas por determinado per\u00edodo, ao final do qual expiram).<\/p>\n<p><em>Explicando melhor:<\/em>\u00a0no caso das op\u00e7\u00f5es de compra, se o titular permanecer de posse da op\u00e7\u00e3o at\u00e9 o vencimento e, nessa data, o pre\u00e7o a vista da a\u00e7\u00e3o estiver abaixo do pre\u00e7o de exerc\u00edcio, ele n\u00e3o a exercer\u00e1 (n\u00e3o seria vantajoso comprar as a\u00e7\u00f5es por pre\u00e7o maior do que o do mercado). No jarg\u00e3o do mercado, a op\u00e7\u00e3o ter\u00e1 &#8220;virado p\u00f3&#8221; e o investidor ter\u00e1 perdido integralmente a quantia que gastou para adquiri-la.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postmetadataheader\"><\/div>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Risco na Venda a Descoberto (Lan\u00e7amento de Op\u00e7\u00f5es)<\/h3>\n<p>O lan\u00e7amento de op\u00e7\u00f5es de compra a descoberto, ou seja, para assumir o compromisso de vender a\u00e7\u00f5es, que o investidor n\u00e3o possui, \u00e9 uma estrat\u00e9gia que envolve um elevado grau de risco.<\/p>\n<p><em>Explicando melhor:<\/em>\u00a0o titular da op\u00e7\u00e3o somente vai exerc\u00ea-la se o pre\u00e7o a vista do papel for superior ao pre\u00e7o de exerc\u00edcio da op\u00e7\u00e3o. Para o lan\u00e7ador, isso significa que ele ser\u00e1 obrigado a adquirir as a\u00e7\u00f5es no mercado a vista para entreg\u00e1-las pelo pre\u00e7o de exerc\u00edcio. A partir do momento em que a diferen\u00e7a entre o pre\u00e7o a vista e o de exerc\u00edcio for maior que o pr\u00eamio recebido, o lan\u00e7ador estar\u00e1 incorrendo em preju\u00edzo, que aumentar\u00e1 de acordo com a valoriza\u00e7\u00e3o da cota\u00e7\u00e3o a vista.<\/p>\n<p>Outro aspecto a ser considerado nessa estrat\u00e9gia \u00e9 que, durante toda a vig\u00eancia de sua posi\u00e7\u00e3o, o lan\u00e7ador descoberto estar\u00e1 obrigado a depositar garantias para cobrir os preju\u00edzos potenciais da opera\u00e7\u00e3o, cujo valor \u00e9 calculado diariamente pela CBLC \u2013 Companhia Brasileira de Liquida\u00e7\u00e3o e Cust\u00f3dia.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Texto&#8221; _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221;]<\/p>\n<div class=\"tresbf-postmetadataheader\"><\/div>\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\">\n<div class=\"tresbf-article\">\n<h3>Prazo de Expira\u00e7\u00e3o das Op\u00e7\u00f5es<\/h3>\n<p>\u00c9 importante que o investidor esteja consciente que as op\u00e7\u00f5es t\u00eam data de vencimento e o direito de exerc\u00edcio \u00e9 v\u00e1lido at\u00e9 esta data. Ap\u00f3s a data de vencimento, a op\u00e7\u00e3o expira, perdendo totalmente sua validade.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Op\u00e7\u00f5es de A\u00e7\u00f5es S\u00e3o contratos que garantem o direito de compra ou venda de uma determinada a\u00e7\u00e3o dentro de um prazo estipulado, a um valor prefixado. Estrat\u00e9gia Contratos de op\u00e7\u00f5es s\u00e3o instrumentos derivativos para mitigar riscos ou criar estrat\u00e9gias especulativas em rela\u00e7\u00e3o a trajet\u00f3ria de pre\u00e7os de uma a\u00e7\u00e3o. Todas as negocia\u00e7\u00f5es de compra e [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div class=\"tresbf-postmetadataheader\"><h2 class=\"tresbf-postheader\">\u00a0<\/h2><\/div><div class=\"tresbf-postcontent tresbf-postcontent-0 clearfix\"><div class=\"tresbf-article\"><p>S\u00e3o contratos que garantem o direito de compra ou venda de uma determinada a\u00e7\u00e3o dentro de um prazo estipulado, a um valor prefixado.<\/p><p><strong>Pre\u00e7o de Exerc\u00edcio<\/strong><\/p><p>\u00c9 o valor fixado para a compra ou venda do papel nos contratos de op\u00e7\u00e3o. Tamb\u00e9m \u00e9 chamado de strike price.<\/p><p><strong>Pr\u00eamio<\/strong><\/p><p>Valor da op\u00e7\u00e3o, que \u00e9 negociado em mercado e pago pelo comprador da op\u00e7\u00e3o ao vendedor quando da realiza\u00e7\u00e3o do neg\u00f3cio. O pr\u00eamio n\u00e3o se trata de um adiantamento, mas sim do valor do direito de comprar (se forem op\u00e7\u00f5es de compra), ou vender (op\u00e7\u00f5es de venda), a a\u00e7\u00e3o por um pre\u00e7o pr\u00e9-determinada (pre\u00e7o de exerc\u00edcio) durante um certo per\u00edodo de tempo (at\u00e9 o vencimento da op\u00e7\u00e3o).<\/p><p><strong>Call<\/strong><\/p><p>Se o direito negociado refere-se a uma compra, diz-se que a op\u00e7\u00e3o \u00e9 de compra ou de call.<\/p><p><strong>Put<\/strong><\/p><p>Se o direito se refere a uma venda, dizemos que a op\u00e7\u00e3o \u00e9 de put.<\/p><p><strong>Comprador ou Titular da Op\u00e7\u00e3o<\/strong><\/p><p>Numa opera\u00e7\u00e3o de compra, ele adquire o direito de comprar o ativo at\u00e9 o vencimento, e tende a faz\u00ea-lo se a cota\u00e7\u00e3o da a\u00e7\u00e3o no mercado \u00e0 vista estiver maior do que o pre\u00e7o de exerc\u00edcio. Para ter esta garantia, ele paga um pr\u00eamio.<br \/>Numa opera\u00e7\u00e3o de venda, ele tem o direito de vender a a\u00e7\u00e3o e tende a exerc\u00ea-lo se o valor do papel estiver menor que o do exerc\u00edcio.<\/p><p><strong>Vendedor ou Lan\u00e7ador<\/strong><\/p><p>Numa opera\u00e7\u00e3o de compra, tem a obriga\u00e7\u00e3o de vender a a\u00e7\u00e3o ao pre\u00e7o combinado. Para isso, recebe um pr\u00eamio. Na de venda, tem o compromisso de comprar o ativo se o comprador assim o quiser.<\/p><p><strong>Vencimento<\/strong><\/p><p>As op\u00e7\u00f5es sobre a\u00e7\u00f5es t\u00eam vencimento na terceira segunda-feira de cada m\u00eas.<\/p><p><strong>Corretora<\/strong><\/p><p>Todas as negocia\u00e7\u00f5es de compra e venda de op\u00e7\u00f5es s\u00e3o intermediadas por corretoras. O consumidor deve buscar, nas corretoras, um assessor de investimentos para aconselhar ou montar uma estrat\u00e9gia.<\/p><p><strong>Custos e Tributos<\/strong><\/p><p>As opera\u00e7\u00f5es realizadas no mercado de op\u00e7\u00f5es est\u00e3o sujeitas a:<\/p><ul><li style=\"list-style-type: none;\"><ul><li>Taxa de corretagem (livremente pactuada entre o cliente e a Corretora que ele contratar). A taxa \u00e9 calculada sobre o valor das opera\u00e7\u00f5es em preg\u00e3o, isto \u00e9, sobre o valor dos pr\u00eamios. Se houver o exerc\u00edcio da op\u00e7\u00e3o, ser\u00e1 cobrada, tanto do lan\u00e7ador como do titular, a corretagem sobre o valor de exerc\u00edcio, ou seja, o resultado da multiplica\u00e7\u00e3o do pre\u00e7o total da opera\u00e7\u00e3o pelo n\u00famero de a\u00e7\u00f5es de cada op\u00e7\u00e3o exercida;<\/li><li>Taxa de registro;<\/li><li>Emolumentos;<\/li><li>Taxas de liquida\u00e7\u00e3o.<\/li><li>Taxas de Cust\u00f3dia<\/li><\/ul><\/li><\/ul><p>O Imposto de Renda incide sobre todas as opera\u00e7\u00f5es, sendo que os procedimentos s\u00e3o diferenciados para opera\u00e7\u00f5es financeiras e n\u00e3o financeiras.<\/p><\/div><\/div>","_et_gb_content_width":"","footnotes":""},"class_list":["post-326","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/pages\/326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/comments?post=326"}],"version-history":[{"count":0,"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/pages\/326\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.amarilfranklin.com.br\/index.php\/wp-json\/wp\/v2\/media?parent=326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}