{"id":3192,"date":"2019-04-27T10:19:46","date_gmt":"2019-04-27T08:19:46","guid":{"rendered":"http:\/\/dobretrejdy.com\/?page_id=3192"},"modified":"2022-07-16T23:31:49","modified_gmt":"2022-07-16T21:31:49","slug":"obchodovani-udalosti","status":"publish","type":"page","link":"https:\/\/dobretrejdy.com\/?page_id=3192","title":{"rendered":"Obchodov\u00e1n\u00ed ud\u00e1lost\u00ed"},"content":{"rendered":"

Obchodov\u00e1n\u00ed ud\u00e1lost\u00ed<\/strong><\/span><\/h1>\n

\u00a0\u00a0 Str\u00e1nku \u201eObchodov\u00e1n\u00ed ud\u00e1lost\u00ed<\/strong>\u201c jsem vytvo\u0159il proto, abych ji doplnil o \u010dl\u00e1nky, kter\u00e9 se nevyskytuj\u00ed na str\u00e1nk\u00e1ch \u201eAbeceda\u201c tohoto webu, ale jsou k\u00a0nalezen\u00ed mezi ji\u017e publikovan\u00fdmi \u010dl\u00e1nky nebo se jedn\u00e1 o \u010dl\u00e1nky, kter\u00e9 svou t\u00e9matickou n\u00e1pln\u00ed souvisej\u00ed pr\u00e1v\u011b s\u00a0ud\u00e1lostmi, kter\u00e9 mohou ovlivnit m\u00e9 obchody. Za ud\u00e1losti ve smyslu tohoto \u010dlen\u011bn\u00ed pak pova\u017euji zejm\u00e9na pravideln\u00e9 (v\u011bt\u0161inou kvart\u00e1ln\u00ed) vyhla\u0161ov\u00e1n\u00ed obchodn\u00edch v\u00fdsledk\u016f obchodn\u00edch spole\u010dnost\u00ed kotovan\u00fdch na finan\u010dn\u00edch trz\u00edch \u2013 Earnings<\/strong><\/span> a tak\u00e9 periodick\u00e9 vypl\u00e1cen\u00ed po\u017eitk\u016f spojen\u00fdch s\u00a0dr\u017een\u00edm akci\u00ed \u2013 Dividendy<\/strong><\/span>. Proto\u017ee jsem n\u011bkter\u00e9 sv\u00e9 \u010dl\u00e1nky sv\u00e1zal s\u00a0t\u011bmito ud\u00e1lostmi, kter\u00e9 bezpochyby ovliv\u0148uj\u00ed ceny podkladov\u00fdch aktiv a mohou tak p\u0159in\u00e9st zaj\u00edmav\u00e9 obchodn\u00ed p\u0159\u00edle\u017eitosti, rozd\u011blil jsem str\u00e1nku pr\u00e1v\u011b na tyto dva z\u00e1kladn\u00ed t\u00e9matick\u00e9 okruhy podle t\u011bchto fundament\u00e1ln\u011b zaj\u00edmav\u00fdch akc\u00ed, kter\u00e9 na trz\u00edch pravideln\u011b nast\u00e1vaj\u00ed a v\u00fdznamn\u011b ovliv\u0148uj\u00ed b\u011bh ud\u00e1lost\u00ed na nich.<\/span><\/p>\n

\n

Earnings<\/span><\/strong><\/h1>\n

\u00a0\u00a0 \u010cl\u00e1nek Volatilita a op\u010dn\u00ed obchodov\u00e1n\u00ed<\/strong><\/span><\/a>\u00a0je z\u00e1kladn\u00edm vhledem na zm\u011bnu Implied Volatility v\u00a0souvislosti s\u00a0Earnings. Co mi \u0159\u00edk\u00e1 trh a co mohu odez\u00edrat z\u00a0op\u010dn\u00ed kombinace Long Straddle je pops\u00e1no v\u00a0\u010dl\u00e1nku Earnings \u2013 I.<\/strong><\/span><\/a>\u00a0Vylep\u0161ov\u00e1n\u00ed strategie Long Straddle o vypisov\u00e1n\u00ed op\u010dn\u00edch kontrakt\u016f a z\u00edsk\u00e1v\u00e1n\u00ed \u010d\u00e1sti vynalo\u017een\u00e9 investice zp\u011bt p\u0159ed vyhla\u0161ov\u00e1n\u00edm Earnings je pops\u00e1no v\u00a0\u010dl\u00e1nku Earnings \u2013 II.<\/strong><\/span><\/a>\u00a0Vypisov\u00e1n\u00ed opc\u00ed v\u00a0obdob\u00ed t\u011bsn\u011b p\u0159ed Earnings a p\u0159ijet\u00ed omezen\u00e9 mo\u017enosti ztr\u00e1ty proveden\u00fdmi obchodn\u00edmi \u00fapravami spole\u010dn\u011b s\u00a0mal\u00fdmi backtesty je p\u0159edm\u011btem dal\u0161\u00edho \u010dl\u00e1nku Earnings \u2013 III.<\/strong><\/span><\/a> Spojit vyhla\u0161ov\u00e1n\u00ed Earnings s\u00a0po\u0159izov\u00e1n\u00edm op\u010dn\u00edch kontrakt\u016f spole\u010dn\u011b s\u00a0po\u0159izov\u00e1n\u00edm akci\u00ed jsem se pokusil zachytit v\u00a0dal\u0161\u00edm \u010dl\u00e1nku spojen\u00fdm s\u00a0toto fundament\u00e1ln\u00ed ud\u00e1lost\u00ed s n\u00e1zvem Earnings \u2013 IV.<\/strong><\/span><\/a>\u00a0Implied Volatilita, Th\u00e9ta a Vega jsou hlavn\u00edmi postavami \u010dl\u00e1nku o Earnings rozd\u011blen\u00e9ho do dvou \u010d\u00e1st\u00ed, a to jeho prvn\u00ed \u010d\u00e1sti Earnings \u2013 V. (prvn\u00ed \u010d\u00e1st)<\/strong><\/span><\/a>. Konkr\u00e9tn\u00ed uk\u00e1zky komplexn\u011bj\u0161\u00edch op\u010dn\u00edch strategi\u00ed vych\u00e1zej\u00edc\u00edch z\u00a0konceptu minul\u00e9ho \u010dl\u00e1nku jsou pops\u00e1ny v\u00a0\u010dl\u00e1nku Earnings \u2013 V. (druh\u00e1 \u010d\u00e1st)<\/strong><\/span><\/a>. Jednoduch\u00e1 arbitr\u00e1\u017e op\u010dn\u00edch strategi\u00ed nebo kalend\u00e1\u0159n\u00ed spread vych\u00e1zej\u00edc\u00ed z\u00a0princip\u016f zm\u011bny Implied Volatility je pops\u00e1na v\u00a0\u010dl\u00e1nku Earnings \u2013 VI<\/strong><\/span><\/a>. Vyu\u017eit\u00ed princip\u016f Delta Neutrality s postupn\u00fdm „skl\u00e1d\u00e1n\u00edm“ obchodu je pops\u00e1no v \u010dl\u00e1nku Delta Neutral – VII. <\/a><\/strong><\/span><\/span>Vyu\u017eit\u00ed poznatk\u016f o Implied Volatilit\u011b na jednotliv\u00fdch strike (Volatility Skew) jsem si vzal jako sv\u00e9ho pomocn\u00edka v popisu t\u0159ech konkr\u00e9tn\u00edch obchod\u016f, kter\u00e9 jsem ve spojen\u00ed s vyhla\u0161ov\u00e1n\u00edm hospod\u00e1\u0159sk\u00fdch v\u00fdsledk\u016f provedl a popsal je v \u010dl\u00e1nku Delta – Neutral – XII.<\/a><\/strong><\/span><\/p>\n

\n

Dividendy<\/strong><\/span><\/h1>\n

\u00a0Z\u00e1kladn\u00ed pojmy spojen\u00e9 s\u00a0v\u00fdplatou Dividendy, m\u00edrn\u00fd pohled na zdan\u011bn\u00ed, kde co vyhledat a co by v\u00a0nejjednodu\u0161\u0161\u00edm principu mohlo fungovat je pops\u00e1no v\u00a0\u010dl\u00e1nku Dividendy \u2013 I.<\/strong><\/span><\/a> Obavy s\u00a0p\u0159i\u0159azen\u00ed Short op\u010dn\u00edch kontrakt\u016f \u201ev pen\u011bz\u00edch\u201c je nepochopenou no\u010dn\u00ed m\u016frou op\u010dn\u00edch obchodn\u00edk\u016f a je zapot\u0159eb\u00ed ji nejenom pochopit, ale tak\u00e9 je mo\u017en\u00e9 ji dokonce vyu\u017e\u00edt, toto je p\u0159edm\u011btem \u010dl\u00e1nku Dividendy \u2013 II.<\/strong><\/span><\/a> Pochopen\u00ed principu p\u0159i\u0159azen\u00ed Short Call op\u010dn\u00edho kontraktu \u00a0v\u00a0souvislost\u00ed s\u00a0vypl\u00e1cenou Dividendou je rozvedeno do zapojen\u00ed kombinace Call Bull Spread v\u00a0\u010dl\u00e1nku Dividendy \u2013 III.<\/strong><\/span><\/a> Jak je to s\u00a0procesem p\u0159i\u0159azov\u00e1n\u00ed vypsan\u00fdch op\u010dn\u00edch kontrakt\u016f \u00a0v\u00a0clearingov\u00e9 instituci a u m\u00e9ho brokera? Jak se hraj\u00ed \u201eDividend Plays\u201c mezi market makery je nast\u00edn\u011bno v\u00a0\u010dl\u00e1nku Dividendy – IV.<\/strong><\/span><\/a>\u00a0Obdr\u017een\u00ed Dividendy dr\u017een\u00edm Long akci\u00ed a jejich zaji\u0161t\u011bn\u00ed Long Put op\u010dn\u00edm kontraktem je hodno zvl\u00e1\u0161tn\u00ed pozornosti v\u00a0\u010dl\u00e1nku Dividendy \u2013 V.<\/span><\/strong><\/a> Pozor na chyt\u00e1k ve form\u011b Special Dividend ve sv\u011btle strategie Syntetick\u00e9 Long Call popsan\u00e9 v\u00a0minul\u00e9m \u010dl\u00e1nku, jak speci\u00e1ln\u00ed Dividenda funguje je pops\u00e1no v\u00a0dal\u0161\u00edm z \u010dl\u00e1nk\u016f ze s\u00e9rie o vypl\u00e1cen\u00ed Dividendy v\u00a0tomto \u010dl\u00e1nku Dividendy – VI.<\/span><\/strong><\/a> Z\u00edskat Dividendu vypisov\u00e1n\u00edm op\u010dn\u00edch kontrakt\u016f ur\u010dit\u011b stoj\u00ed za zaznamen\u00e1n\u00ed. Jak to funguje a co to vlastn\u011b znamen\u00e1 je pops\u00e1no v\u00a0\u010dl\u00e1nku Dividendy \u2013 VII.<\/strong><\/span><\/a> \u0160koda, \u017ee se nikdy nezapomene zapo\u010d\u00edtat cenu vypl\u00e1cen\u00e9 Dividendy do ceny op\u010dn\u00edch kontrakt\u016f, pokud expiruj\u00ed po Ex-Dividend Day. Tento povzdech je plasticky pops\u00e1n v\u00a0\u010dl\u00e1nku o syntetick\u00fdch pozic\u00edch s\u00a0n\u00e1zvem Syntetick\u00e9 pozice \u2013 II.<\/span><\/strong><\/a>\u00a0Prokous\u00e1n\u00edm se t\u00e9maty s\u00a0principy Delta Netrality by mohlo b\u00fdt vyu\u017eiteln\u00e9 tak\u00e9 pro \u201eobchodn\u00edky s\u00a0Dividendou\u201c, zcela konkr\u00e9tn\u00ed obchod na toto t\u00e9ma jsem popsal v\u00a0\u010dl\u00e1nku Delta Neutral \u2013 V.<\/strong><\/span><\/a> <\/span><\/p>\n

zp\u011bt na hlavn\u00ed str\u00e1nku<\/strong><\/a><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"

Obchodov\u00e1n\u00ed ud\u00e1lost\u00ed \u00a0\u00a0 Str\u00e1nku \u201eObchodov\u00e1n\u00ed ud\u00e1lost\u00ed\u201c jsem vytvo\u0159il proto, abych ji doplnil o \u010dl\u00e1nky, kter\u00e9 se nevyskytuj\u00ed na str\u00e1nk\u00e1ch \u201eAbeceda\u201c tohoto webu, ale jsou k\u00a0nalezen\u00ed mezi ji\u017e publikovan\u00fdmi \u010dl\u00e1nky nebo se jedn\u00e1 o \u010dl\u00e1nky, kter\u00e9 svou t\u00e9matickou n\u00e1pln\u00ed souvisej\u00ed pr\u00e1v\u011b s\u00a0ud\u00e1lostmi, kter\u00e9 mohou ovlivnit m\u00e9 obchody. Za ud\u00e1losti ve smyslu Continue Reading<\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1574,"menu_order":3,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3192","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P8zd8A-Pu","jetpack-related-posts":[{"id":1574,"url":"https:\/\/dobretrejdy.com\/?page_id=1574","url_meta":{"origin":3192,"position":0},"title":"Abeceda","author":"dobretrejdy :c)","date":"13.3.2018","format":false,"excerpt":"Abeceda\u00a0 \u00a0 \u00a0Z\u00e1lo\u017eka Abeceda je dal\u0161\u00edm rozcestn\u00edkem na tomto webu, kter\u00e1 by m\u011bla zobrazovat jednotliv\u00e9 p\u0159\u00edsp\u011bvky pospojovan\u00e9 jednoduch\u00fdmi vysv\u011btluj\u00edc\u00edmi texty do tvaru virtu\u00e1ln\u00ed p\u0159\u00edru\u010dky obchodn\u00edka, kter\u00fd se chce o fungov\u00e1n\u00ed trh\u016f a vlastn\u00edm obchodov\u00e1n\u00ed n\u011bco nov\u00e9ho dozv\u011bd\u011bt. Bude set\u0159\u00edd\u011bna do n\u011bkolika \u00farovn\u00ed podle jednotliv\u00fdch t\u00e9mat, ka\u017ed\u00e1 \u00farove\u0148 pak bude p\u0159edstavovat\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6428,"url":"https:\/\/dobretrejdy.com\/?page_id=6428","url_meta":{"origin":3192,"position":1},"title":"Dluhopisy","author":"dobretrejdy :c)","date":"27.5.2023","format":false,"excerpt":"Dluhopisy \u00a0 \u00a0Tuto podstr\u00e1nku \u201eDluhopisy\u201c jsem vytvo\u0159il proto, abych zde se\u0159adil \u010dl\u00e1nky t\u00fdkaj\u00edc\u00ed se problematiky cenn\u00fdch pap\u00edr\u016f s pevn\u00fdm v\u00fdnosem, zejm\u00e9na dluhopis\u016f a na n\u011b nav\u00e1zan\u00fdch investi\u010dn\u00edch n\u00e1stroj\u016f. Tato str\u00e1nka by tak m\u011bla b\u00fdt m\u00edstem, jak\u00fdmsi miniaturn\u00edm rozcestn\u00edkem t\u00e9to webov\u00e9 str\u00e1nky, kter\u00fd by pomohl v z\u00e1kladn\u00ed orientaci\u00a0 v t\u00e9to velmi\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1576,"url":"https:\/\/dobretrejdy.com\/?page_id=1576","url_meta":{"origin":3192,"position":2},"title":"Za\u010d\u00edn\u00e1m","author":"dobretrejdy :c)","date":"13.3.2018","format":false,"excerpt":"Za\u010d\u00edn\u00e1m \u00a0 \u00a0K obchodov\u00e1n\u00ed jsou zapot\u0159eb\u00ed \u010dty\u0159i v\u011bci - Nastaven\u00ed mysli, Obchodn\u00ed dovednosti, Technologie a Pen\u00edze. Prvn\u00ed \u010dl\u00e1nek Cesta do hlubin traderovy du\u0161e\u00a0obsahuje m\u016fj vlastn\u00ed pohled na Nastaven\u00ed mysli a popis osobnostn\u00edch vlastnost\u00ed obchodn\u00edka tak, jak jsem tyto vlastnosti vypozoroval v praktick\u00e9m \u017eivot\u011b obchodn\u00edka pozorov\u00e1n\u00edm sebe sama nebo m\u00fdch \u00fasp\u011b\u0161n\u00fdch\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8,"url":"https:\/\/dobretrejdy.com\/?page_id=8","url_meta":{"origin":3192,"position":3},"title":"Recenze","author":"dobretrejdy :c)","date":"29.3.2017","format":false,"excerpt":"\u00a0 \u00a0V dne\u0161n\u00edm sv\u011bt\u011b nejroztodivn\u011bj\u0161\u00edch digit\u00e1ln\u00edch m\u00e9di\u00ed z\u016fst\u00e1v\u00e1m st\u00e1le v\u011brn\u00fd fyzick\u00fdm knih\u00e1m s v\u016fn\u00ed pap\u00edru a tiska\u0159sk\u00e9 \u010dern\u011b. St\u00e1le se sna\u017e\u00edm dopl\u0148ovat svou knihovnou literatury s t\u00e9matikou tradingu podle toho, jak tyto knihy pr\u016fb\u011b\u017en\u011b vych\u00e1zej\u00ed, jak jsem na n\u011bkter\u00e9 z nakoupen\u00fdch knih upozorn\u011bn nebo na po\u0159izovanou publikaci n\u011bkdo n\u011bkde odkazuje.\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dobretrejdy.com\/wp-content\/uploads\/2025\/03\/22-03-2025-9-37-45.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2292,"url":"https:\/\/dobretrejdy.com\/?page_id=2292","url_meta":{"origin":3192,"position":4},"title":"Logika kombinac\u00ed","author":"dobretrejdy :c)","date":"14.8.2018","format":false,"excerpt":"Logika kombinac\u00ed \u00a0 \u00a0Tento \u010d\u00e1st p\u0159edstavuje sdru\u017een\u00ed \u010dl\u00e1nk\u016f s hlub\u0161\u00edm zamy\u0161len\u00edm nad problematikou op\u010dn\u00edho obchodov\u00e1n\u00ed a m\u011bl by navazovat na str\u00e1nku Za\u010d\u00edn\u00e1m. V \u00favodn\u00edm \u010dl\u00e1nku Syntetick\u00e9 pozice - I. bych cht\u011bl pouk\u00e1zat na z\u00e1kladn\u00ed souvislost mezi cenami op\u010dn\u00edch kontrakt\u016f na stejn\u00e9m strike s malou praktickou uk\u00e1zkou. Jednoduch\u00fd koncept vztahu Call\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4057,"url":"https:\/\/dobretrejdy.com\/?page_id=4057","url_meta":{"origin":3192,"position":5},"title":"Deriv\u00e1ty Volatility","author":"dobretrejdy :c)","date":"4.1.2020","format":false,"excerpt":"Deriv\u00e1ty Volatility \u00a0 \u00a0Tento odd\u00edl webov\u00e9 str\u00e1nky p\u0159edstavuje seskupen\u00ed \u010dl\u00e1nk\u016f zab\u00fdvaj\u00edc\u00ed se problematikou Volatility, jako z\u00e1kladn\u00ed hybn\u00e9 s\u00edle samotn\u00fdch trh\u016f a jednou z d\u016fle\u017eit\u00fdch slo\u017eek utv\u00e1\u0159ej\u00edc\u00ed cenu op\u010dn\u00edch kontrakt\u016f. Zachycen\u00ed Volatility obchodovan\u00e9ho titulu pomoc\u00ed ukazatele Beta je p\u0159edm\u011btem tohoto \u010dl\u00e1nku Beta \u2013 I., dozv\u00edte se, jak\u00e1 je jeho konstrukce, jak\u2026","rel":"","context":"Podobn\u00fd p\u0159\u00edsp\u011bvek","block_context":{"text":"Podobn\u00fd p\u0159\u00edsp\u011bvek","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/pages\/3192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3192"}],"version-history":[{"count":8,"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/pages\/3192\/revisions"}],"predecessor-version":[{"id":4065,"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/pages\/3192\/revisions\/4065"}],"up":[{"embeddable":true,"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=\/wp\/v2\/pages\/1574"}],"wp:attachment":[{"href":"https:\/\/dobretrejdy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}