UNIVERSIDAD TECNOLÓGICA EQUINOCCIAL FACULTAD DE CIENCIAS ECONÓMICAS Y NEGOCIOS CARRERA DE INGENIERÍA EN FINANZAS Y AUDITORÍA CPA FINANZAS INTERNACIONALES
TEMA:
MERCADO DE OPCIONES
JOSUÉ GUILLÉN ERICK SÁNCHEZ JULIO – 2016
INTRODUCCIÓN A LAS OPCIONES FINANCIERAS Las opco!"s o#$"c"! a s%s p$op"&a$os "' ("$"c)o a co*p$a$ +ca'' op&o!s, o -"!("$ +p%& op&o!s, %! ac&-o ("&"$*!a(o a %! p$"co #.o "! a'/! *o*"!&o "! "' #%&%$o As po$ "."*p'o3 s )a4'a*os (" acco!"s (" %!a "*p$"sa3 %!a opc5! (" co*p$a so4$" %!a acc5! (" "'"#5!ca !os p$opo$co!a$7 "' ("$"c)o a a(8%$$'a 19 "%$os (%$a!&" %! p'a:o *7;*o (" 60 (as La p$!cpa' (#"$"!ca "!&$" 'as opco!"s < 'os &&%'os c'7scos +acco!"s < o4'/aco!"s,3 $a(ca "! 8%" a8%=''as !o $"p$"s"!&a! %! ("$"c)o so4$" "' ac&-o ("' "*so$ Es ("c$3 %! acco!s&a o$(!a$o &"!" ("$"c)o so4$" %!a pa$&" (" 'os 4"!"#cos #%&%$os < (" 'os ac&-os (" 'a co*pa>a3 *"!&$as 8%" "' pos""(o$ (" %!a opc5! (" co*p$a +ca'', s5'o &"!" "' ("$"c)o a a(8%$$ acco!"s "! "' #%&%$o 'o 8%" $"p$"s"!&a s5'o %! ("$"c)o po&"!ca' so4$" os ac&-os < 4"!"#cos (" 'a "*p$"sa Po$ o&$a pa$&"3 %! acco!s&a pos"" %! &&%'o "*&(o po$ 'a co*pa>a a' )a4"$'a p$o-s&o (" $"c%$sos #!a!c"$os a ca*4o (" %!os !/$"sos #%&%$os E' pos""(o$ (" %!a opc5! !o &"!" $"'ac5! a'/%!a co! 'a "*p$"sa so4$" c%
a o so4$" s%s pos4'(a("s (" "*&$ acco!"s La /$a! *aa E! co!&$as&"3 %!a opc5! (" co*p$a o -"!&a p%"(" &"!"$ %!
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Ve!#a$a" % De"&e!#a$a" de 'a" Co(er#)ra" co! Opco!e" Ve!#a$a": •
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Los co!&$a&os p%"("! s"$ -"!((os a!&"s (" 'a #"c)a (" ";p$ac5! (" 'a opc5!
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Los co*p$a(o$"s (" opco!"s !o &"!($7! 8%"
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La p$*a (" 'a opc5! ("4" s"$ pa/a(a co*p'"&a*"!&" < 4a.o c"$&as c$c%!s&a!cas p%("!(o s"$ ("*asa(o ca$a
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