{"id":2961,"date":"2026-10-20T13:36:54","date_gmt":"2026-10-20T12:36:54","guid":{"rendered":"https:\/\/wpcalc.com\/pt\/financas\/calculadora-de-lucro-com-opcoes\/"},"modified":"2026-10-20T13:36:54","modified_gmt":"2026-10-20T12:36:54","slug":"calculadora-de-lucro-com-opcoes","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/pt\/financas\/calculadora-de-lucro-com-opcoes\/","title":{"rendered":"Calculadora de lucro com op\u00e7\u00f5es"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Calcule o lucro de uma op\u00e7\u00e3o de a\u00e7\u00f5es no vencimento<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"2961\" data-favorite-title=\"Lucro com op\u00e7\u00f5es\" data-favorite-url=\"https:\/\/wpcalc.com\/pt\/financas\/calculadora-de-lucro-com-opcoes\/\" data-favorite-excerpt=\"Calcule o lucro ou preju\u00edzo de uma op\u00e7\u00e3o de compra (call) ou de venda (put) no vencimento. Informe a posi\u00e7\u00e3o, o pre\u00e7o de exerc\u00edcio, o pr\u00eamio, o n\u00famero de contratos, o pre\u00e7o da a\u00e7\u00e3o no vencimento e as corretagens totais.\" aria-label=\"Adicionar aos favoritos\" data-favorite-icon=\"icon icon-investment\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/pt\/financas\/calculadora-de-lucro-com-opcoes\/\" method=\"POST\" class=\"calculator\" id=\"calculator-2961\" data-post=\"2961\"><fieldset class=\"fieldset-input is-2\"><legend class=\"sr-only\">Campos de entrada<\/legend><div class=\"field\" id=\"input-1\"><label for=\"field-1\">Tipo de op\u00e7\u00e3o<\/label><div class=\"grid grid-cols-1\"><select id=\"field-1\" name=\"tipo_de_opo\"><option value=\"call\" selected>Call (compra)<\/option><option value=\"put\">Put (venda)<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-2\"><label for=\"field-2\">Posi\u00e7\u00e3o<\/label><div class=\"grid grid-cols-1\"><select id=\"field-2\" name=\"posio\"><option value=\"long\" selected>Comprar (long)<\/option><option value=\"short\">Vender (short)<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-3\"><label for=\"field-3\">Pre\u00e7o de exerc\u00edcio (strike)<\/label><input type=\"text\" name=\"preo_de_exerccio_strike\" id=\"field-3\" aria-describedby=\"calc-unit-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"100\"\/><div class=\"unit\" id=\"calc-unit-3\">$ por a\u00e7\u00e3o<\/div><\/div><div class=\"field\" id=\"input-4\"><label for=\"field-4\">Pr\u00eamio<\/label><input type=\"text\" name=\"prmio\" id=\"field-4\" aria-describedby=\"calc-unit-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"5\"\/><div class=\"unit\" id=\"calc-unit-4\">$ por a\u00e7\u00e3o<\/div><\/div><div class=\"field\" id=\"input-5\"><label for=\"field-5\">N\u00famero de contratos<\/label><input type=\"text\" name=\"nmero_de_contratos\" id=\"field-5\" aria-describedby=\"calc-info-5\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"1\" value=\"1\"\/><small id=\"calc-info-5\">Cada contrato representa 100 a\u00e7\u00f5es.<\/small><\/div><div class=\"field\" id=\"input-6\"><label for=\"field-6\">Pre\u00e7o da a\u00e7\u00e3o no vencimento<\/label><input type=\"text\" name=\"preo_da_ao_no_vencimento\" id=\"field-6\" aria-describedby=\"calc-unit-6\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"100\"\/><div class=\"unit\" id=\"calc-unit-6\">$ por a\u00e7\u00e3o<\/div><\/div><div class=\"field\" id=\"input-7\"><label for=\"field-7\">Comiss\u00f5es totais<\/label><input type=\"text\" name=\"comisses_totais\" id=\"field-7\" aria-describedby=\"calc-unit-7 calc-info-7\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"0\"\/><div class=\"unit\" id=\"calc-unit-7\">$<\/div><small id=\"calc-info-7\">Informe o total de taxas desta posi\u00e7\u00e3o, e n\u00e3o uma taxa por contrato.<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Recalcular\" id=\"calculate-button\" data-post=\"2961\">Calcular<\/button><button type=\"reset\">Redefinir<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Calcular automaticamente<\/label><small>Se ativado, o resultado \u00e9 atualizado automaticamente quando voc\u00ea altera qualquer valor.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Seus resultados<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Lucro ou preju\u00edzo no vencimento<\/span><\/span><span class=\"field-value\" id=\"result-1\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-2\"><span class=\"field-title\"><span>Lucro ou preju\u00edzo em % do pr\u00eamio<\/span><\/span><span class=\"field-value\" id=\"result-2\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-3\"><span class=\"field-title\"><span>Pre\u00e7o de equil\u00edbrio (break-even)<\/span><\/span><span class=\"field-value\" id=\"result-3\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-4\"><span class=\"field-title\"><span>Lucro m\u00e1ximo<\/span><\/span><span class=\"field-value\" id=\"result-4\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-5\"><span class=\"field-title\"><span>Preju\u00edzo m\u00e1ximo<\/span><\/span><span class=\"field-value\" id=\"result-5\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-6\"><span class=\"field-title\"><span>Tabela de payoff: 50% a 150% do strike<\/span><\/span><span class=\"field-value\" id=\"result-6\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-7\"><span class=\"field-title\"><span>Gr\u00e1fico de payoff: 50% a 150% do strike<\/span><\/span><span class=\"field-value\" id=\"result-7\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copiar resultado\" aria-label=\"Copiar resultado\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Copiar link para este c\u00e1lculo<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Deixar um coment\u00e1rio<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"2961\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">O que voc\u00ea achou deste resultado?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Curti <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">\u00datil <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Confuso <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Decepcionado <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Impreciso <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>F\u00f3rmula do lucro com op\u00e7\u00f5es<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">F\u00f3rmula<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[\\text{Lucro ou preju\u00edzo}=\\bigl(q\\max(I,0)-qP\\bigr)(100N)-F,\\qquad I=\\begin{cases}S-K&amp;\\text{call}\\\\K-S&amp;\\text{put}\\end{cases},\\qquad q=\\begin{cases}1&amp;\\text{compra (long)}\\\\-1&amp;\\text{venda (short)}\\end{cases}\\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Onde:<\/strong><\/p>\n<ul>\n<li>\\(S\\) \u2014 pre\u00e7o da a\u00e7\u00e3o no vencimento, em d\u00f3lares por a\u00e7\u00e3o<\/li>\n<li>\\(K\\) \u2014 pre\u00e7o de exerc\u00edcio, em d\u00f3lares por a\u00e7\u00e3o<\/li>\n<li>\\(P\\) \u2014 pr\u00eamio, em d\u00f3lares por a\u00e7\u00e3o<\/li>\n<li>\\(N\\) \u2014 n\u00famero de contratos; cada um representa 100 a\u00e7\u00f5es<\/li>\n<li>\\(F\\) \u2014 corretagens totais, em d\u00f3lares<\/li>\n<li>\\(I\\) \u2014 valor da op\u00e7\u00e3o no vencimento antes do piso de valor zero<\/li>\n<li>\\(q\\) \u2014 1 para uma op\u00e7\u00e3o comprada ou \u22121 para uma op\u00e7\u00e3o vendida<\/li>\n<\/ul>\n<p>A f\u00f3rmula subtrai o pr\u00eamio pago em uma posi\u00e7\u00e3o comprada ou soma o pr\u00eamio recebido em uma posi\u00e7\u00e3o vendida e, em seguida, desconta as corretagens. Ela pressup\u00f5e que a posi\u00e7\u00e3o seja mantida at\u00e9 o vencimento.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-2\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>Lucro com op\u00e7\u00f5es \u2013 Exemplo de c\u00e1lculo<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>Exemplo:<\/strong> compra de uma call com pre\u00e7o de exerc\u00edcio de US$ 100, pagando um pr\u00eamio de US$ 5 por a\u00e7\u00e3o. A a\u00e7\u00e3o fecha a US$ 100 no vencimento e as corretagens totais s\u00e3o US$ 0.<\/p>\n<p>\\[\\text{Valor intr\u00ednseco}=\\max(100-100,0)=0\\text{ por a\u00e7\u00e3o}\\]<\/p>\n<p>\\[\\text{Lucro ou preju\u00edzo}=(0-5)\\times(1\\times100)-0=-\\$500\\]<\/p>\n<p>\\[\\text{Lucro ou preju\u00edzo em \\% do pr\u00eamio}=\\frac{-500}{5\\times100}\\times100=-100\\%\\]<\/p>\n<p><strong>Resultado:<\/strong> um preju\u00edzo de US$ 500, equivalente a 100% do pr\u00eamio pago. O pre\u00e7o da a\u00e7\u00e3o no ponto de equil\u00edbrio da call \u00e9 US$ 105 por a\u00e7\u00e3o; o preju\u00edzo m\u00e1ximo \u00e9 de US$ 500, enquanto o lucro potencial \u00e9 ilimitado.<\/p>\n<p>\n\r\n<\/section>\n<h2>Como usar a calculadora<\/h2>\n<ol>\n<li>Escolha o <strong>Tipo de op\u00e7\u00e3o<\/strong>: Call, se a op\u00e7\u00e3o se beneficia de um pre\u00e7o de a\u00e7\u00e3o mais alto, ou Put, se se beneficia de um pre\u00e7o mais baixo.<\/li>\n<li>Escolha a <strong>Posi\u00e7\u00e3o<\/strong>: Compra (long), se voc\u00ea pagou pela op\u00e7\u00e3o, ou Venda (short), se voc\u00ea recebeu o pr\u00eamio.<\/li>\n<li>Informe o <strong>Pre\u00e7o de exerc\u00edcio<\/strong> e o <strong>Pr\u00eamio<\/strong>, ambos em d\u00f3lares por a\u00e7\u00e3o. Use o pr\u00eamio de uma \u00fanica a\u00e7\u00e3o, n\u00e3o o valor total pago ou recebido.<\/li>\n<li>Informe o <strong>N\u00famero de contratos<\/strong>. A calculadora considera 100 a\u00e7\u00f5es por contrato.<\/li>\n<li>Informe o <strong>Pre\u00e7o da a\u00e7\u00e3o no vencimento<\/strong> que voc\u00ea espera, em d\u00f3lares por a\u00e7\u00e3o.<\/li>\n<li>Informe as <strong>Corretagens totais<\/strong> de toda a posi\u00e7\u00e3o em d\u00f3lares, e n\u00e3o por contrato. Em seguida, leia o lucro ou preju\u00edzo, o percentual, o ponto de equil\u00edbrio, os limites de risco, a tabela de resultados e o gr\u00e1fico.<\/li>\n<\/ol>\n<h2>O que significa o lucro da op\u00e7\u00e3o no vencimento<\/h2>\n<p>Uma call s\u00f3 tem valor no vencimento quando o pre\u00e7o da a\u00e7\u00e3o supera o exerc\u00edcio; uma put s\u00f3 tem valor quando o pre\u00e7o da a\u00e7\u00e3o cai abaixo do exerc\u00edcio. Esse valor, chamado de valor intr\u00ednseco, n\u00e3o \u00e9 o mesmo que lucro. O comprador precisa recuperar o pr\u00eamio e as corretagens antes de obter lucro l\u00edquido. O vendedor fica com o pr\u00eamio, mas responde por qualquer valor intr\u00ednseco e ainda paga corretagens.<\/p>\n<p>O <strong>Lucro ou preju\u00edzo no vencimento<\/strong> \u00e9 o resultado financeiro da posi\u00e7\u00e3o, em d\u00f3lares, para o pre\u00e7o da a\u00e7\u00e3o que voc\u00ea informou. O <strong>Lucro ou preju\u00edzo em % do pr\u00eamio<\/strong> divide esse resultado pelo pr\u00eamio bruto somado em todos os contratos. N\u00e3o se trata de um retorno anualizado nem da rentabilidade sobre o capital exigido para cobrir uma op\u00e7\u00e3o vendida. Se o pr\u00eamio for zero, a calculadora informa que esse percentual n\u00e3o est\u00e1 dispon\u00edvel.<\/p>\n<p>O <strong>Pre\u00e7o de equil\u00edbrio da a\u00e7\u00e3o<\/strong> serve para mostrar onde o lucro ou o preju\u00edzo chega a zero. Para uma call comprada, \u00e9 o exerc\u00edcio somado ao pr\u00eamio e \u00e0s corretagens por a\u00e7\u00e3o; para uma put comprada, \u00e9 o exerc\u00edcio menos esses valores. Um ponto de equil\u00edbrio abaixo de US$ 0 n\u00e3o pode ser alcan\u00e7ado por um pre\u00e7o de a\u00e7\u00e3o n\u00e3o negativo. Veja a limita\u00e7\u00e3o da call vendida mais abaixo antes de confiar no ponto de equil\u00edbrio exibido.<\/p>\n<p>O <strong>Lucro m\u00e1ximo<\/strong> e o <strong>Preju\u00edzo m\u00e1ximo<\/strong> descrevem os limites te\u00f3ricos da posi\u00e7\u00e3o no vencimento. Uma call comprada tem lucro potencial ilimitado e preju\u00edzo limitado ao pr\u00eamio mais as corretagens. Uma call vendida tem lucro potencial limitado, mas preju\u00edzo potencial ilimitado. Os resultados com puts s\u00e3o limitados, porque o pre\u00e7o da a\u00e7\u00e3o n\u00e3o pode cair abaixo de zero. A tabela de resultados e o gr\u00e1fico da calculadora mostram 11 pre\u00e7os de a\u00e7\u00e3o, de 50% a 150% do exerc\u00edcio; eles n\u00e3o exibem todos os desfechos poss\u00edveis.<\/p>\n<h2>Premissas e limita\u00e7\u00f5es pr\u00e1ticas<\/h2>\n<p><strong>Aviso sobre o ponto de equil\u00edbrio de uma call vendida:<\/strong> o ponto de equil\u00edbrio exibido pela calculadora para uma call vendida pode mostrar \u201cNenhum com pre\u00e7o de a\u00e7\u00e3o n\u00e3o negativo\u201d mesmo quando existe um pre\u00e7o de equil\u00edbrio. Calcule-o como o exerc\u00edcio somado ao pr\u00eamio, menos as corretagens totais divididas pelo n\u00famero de a\u00e7\u00f5es: \\(K+P-F\/(100N)\\), desde que esse pre\u00e7o seja igual ou superior ao exerc\u00edcio. Se as corretagens ultrapassarem o pr\u00eamio total recebido, a call vendida n\u00e3o consegue empatar no vencimento. O c\u00e1lculo do lucro ou preju\u00edzo usa a f\u00f3rmula de resultado da call vendida de forma independente desse ponto de equil\u00edbrio exibido.<\/p>\n<p>Estes s\u00e3o resultados no vencimento, e n\u00e3o estimativas do valor de revenda da op\u00e7\u00e3o antes do vencimento. Valor de tempo, volatilidade, mudan\u00e7as nos pre\u00e7os das op\u00e7\u00f5es, exig\u00eancias de margem, impostos, juros, dividendos e as consequ\u00eancias de uma designa\u00e7\u00e3o antecipada n\u00e3o s\u00e3o considerados no modelo. Informe as corretagens como um \u00fanico total que cubra as opera\u00e7\u00f5es que voc\u00ea quer incluir. As especifica\u00e7\u00f5es reais dos contratos podem variar, especialmente ap\u00f3s eventos societ\u00e1rios; confirme que seu contrato representa 100 a\u00e7\u00f5es antes de usar estes resultados.<\/p>\n<p>O gr\u00e1fico usa uma faixa fixa em torno do exerc\u00edcio. Se o pre\u00e7o da a\u00e7\u00e3o esperado por voc\u00ea estiver fora dela, confie no resultado principal de lucro ou preju\u00edzo para esse cen\u00e1rio, em vez de extrapolar a partir do gr\u00e1fico. Para explorar poss\u00edveis n\u00edveis de pre\u00e7o da a\u00e7\u00e3o de outra forma, consulte a <a href=\"https:\/\/wpcalc.com\/pt\/financas\/retracao-de-fibonacci\/\">calculadora de Retra\u00e7\u00e3o de Fibonacci<\/a>. Para comparar a taxa de crescimento de um investimento de v\u00e1rios anos com outros investimentos, use a <a href=\"https:\/\/wpcalc.com\/pt\/financas\/taxa-crescimento-anual-composta\/\">calculadora de Taxa de Crescimento Anual Composta<\/a>; a medida anualizada dela \u00e9 diferente do percentual sobre o pr\u00eamio da op\u00e7\u00e3o usado por esta calculadora.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calcule o lucro ou preju\u00edzo de uma op\u00e7\u00e3o de compra (call) ou de venda (put) no vencimento. Informe a posi\u00e7\u00e3o, o pre\u00e7o de exerc\u00edcio, o pr\u00eamio, o n\u00famero de contratos, o pre\u00e7o da a\u00e7\u00e3o no vencimento e as corretagens totais.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[51],"class_list":["post-2961","post","type-post","status-publish","format-standard","hentry","category-financas","tag-investimento"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/posts\/2961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/comments?post=2961"}],"version-history":[{"count":0,"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/posts\/2961\/revisions"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/media?parent=2961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/categories?post=2961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/pt\/wp-json\/wp\/v2\/tags?post=2961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}