{"id":8691,"date":"2022-09-18T11:23:48","date_gmt":"2022-09-18T03:23:48","guid":{"rendered":"https:\/\/slashtraders.com\/?p=8691"},"modified":"2025-09-29T17:43:58","modified_gmt":"2025-09-29T09:43:58","slug":"best-calendar-spread-options","status":"publish","type":"post","link":"https:\/\/slashtraders.com\/es\/blog\/best-calendar-spread-options\/","title":{"rendered":"Mejores configuraciones de calendar spread para beneficiarse de la volatilidad"},"content":{"rendered":"<p class=\"wp-block-paragraph translation-block\">Cuando creemos que el precio de las acciones va a explotar o caer pronto, podemos utilizar una estrategia de opciones de calendar spread para maximizar las ganancias en momentos de <a href=\"https:\/\/slashtraders.com\/es\/blog\/market-volatility-hv-iv\/\" target=\"_blank\" rel=\"noreferrer noopener\">alta volatilidad<\/a>. Aunque los calendar spreads tienen un gran apalancamiento, es una operaci\u00f3n dif\u00edcil de dominar, ya que necesitamos acertar tanto en la direcci\u00f3n como en el tama\u00f1o de las tendencias para obtener beneficios.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Hoy, compartimos algunos tipos diferentes de <a href=\"https:\/\/steadyoptions.com\/articles\/calendar-spread\/\" target=\"_blank\" rel=\"noreferrer noopener\">calendar spreads<\/a> y c\u00f3mo identificar los mejores puntos de entrada.<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<span class=\"HpcE3aWUn841DuR0ZdMkvOVfr7oqSh9l\"><iframe title=\"El diferencial de calendario es la mejor estrategia de opciones con alta volatilidad\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/uvdGGNfPVu8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/span>\n<\/div><\/figure>\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u73fe\u5728\u6700\u4f73\u7684strangle\u9078\u64c7\u6b0a\u9032\u5834\u6a5f\u6703\">\u00bfQu\u00e9 son los diferenciales de calendario?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Calendar Spread es una estrategia de inversi\u00f3n que aprovecha la diferencia en el valor del tiempo theta para conseguir un alto apalancamiento mediante la compra y venta <a href=\"https:\/\/slashtraders.com\/es\/blog\/what-are-options\/\" target=\"_blank\" rel=\"noreferrer Noopener\">estrategia de opciones<\/a>, aprovechando la diferencia en el valor del tiempo theta para conseguir una estrategia de inversi\u00f3n altamente apalancada, podemos establecer diferentes calendar spreads en base a diferentes predicciones alcistas o bajistas, en previsi\u00f3n de grandes fluctuaciones en el futuro de la cotizaci\u00f3n de las acciones para obtener beneficios.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ahora mismo ROKU est\u00e1 a $72, si creemos que ROKU va a subir a $20 en un corto periodo de tiempo, podemos operar un calendar spread alcista a $90:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compra una opci\u00f3n Call de $90 que vence en 2 meses.<\/li>\n\n\n\n<li>Vende una opci\u00f3n Call de $90 que vence el pr\u00f3ximo mes.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread.png\" alt=\"roku calendario alcista spreads\" class=\"wp-image-8695\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-bull-calendar-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Configuraci\u00f3n de spread calendario alcista de ROKU.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Este spread de calendario Call requiere $249 en capacidad de compra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\"><a href=\"https:\/\/slashtraders.com\/es\/blog\/td-ameritrade-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">TD Ameritrade<\/a> puede ayudarnos a analizar la rentabilidad de este calendar spread. Si ROKU sube a $90 antes de que expire el <a href=\"https:\/\/slashtraders.com\/es\/blog\/naked-call\/\" target=\"_blank\" rel=\"noreferrer noopener\">short Call<\/a> el pr\u00f3ximo mes, el valor del calendar spread aumentar\u00e1 a $516, generando una ganancia del 107%.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis.png\" alt=\"roku Calendar Spread An\u00e1lisis de rentabilidad\" class=\"wp-image-8699\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/roku-calendar-spread-profit-analysis-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cuando la cotizaci\u00f3n de ROKU subi\u00f3 a $90 el beneficio fue m\u00e1ximo.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">En caso de que pensemos que PYPL caer\u00e1 de $97 a $75, podemos negociar un spread de calendario bajista sobre $75:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compra una opci\u00f3n Put de $75 que vence en 2 meses.<\/li>\n\n\n\n<li>Vende una opci\u00f3n Put de $75 que vence el pr\u00f3ximo mes.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread.png\" alt=\"pypl Spreads de calendario bajistas\" class=\"wp-image-8703\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-bear-calendar-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Estrategia de spread calendar bajista para PYPL.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Este spread de calendario Put cuesta $113 en poder de compra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Analizando este calendar spread de TDA podemos ver que cuando PYPL caiga a $75 antes del corte para vender Put el pr\u00f3ximo mes, el calendar spread <a href=\"https:\/\/slashtraders.com\/es\/blog\/options-value\/\" target=\"_blank\" rel=\" noreferrer noopener\">el valor de la opci\u00f3n<\/a> aumentar\u00e1 hasta $389, haciendo que esta operaci\u00f3n sea rentable en 244%.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis.png\" alt=\"An\u00e1lisis de rentabilidad del diferencial del calendario pypl\" class=\"wp-image-8705\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/pypl-calendar-spread-profit-analysis-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cuando la cotizaci\u00f3n de PYPL cay\u00f3 a $75 se obtuvo el mayor beneficio.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Puntos a tener en cuenta al operar con diferenciales de calendario<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Los diferenciales de calendario utilizan dos opciones de corte diferentes con grandes <a href=\"https:\/\/slashtraders.com\/es\/blog\/option-greeks\/\" target=\"_blank\" rel=\"noreferrer noopener\">diferencias beta<\/a>. Esto nos permite operar con m\u00e1s apalancamiento.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Theta es el efecto del tiempo en el precio de una opci\u00f3n.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Cuando comparamos las opciones que se cierran a los 60 d\u00edas con las que se cierran a los 30 d\u00edas, la theta es menor y el valor temporal se reduce m\u00e1s lentamente para las opciones que se cierran m\u00e1s lejos del plazo.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay.png\" alt=\"Theta provoc\u00f3 la devaluaci\u00f3n de la opci\u00f3n\" class=\"wp-image-7604\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/04\/theta-decay-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">El theta se deprecia m\u00e1s r\u00e1pido cuanto m\u00e1s se acerca a la hora l\u00edmite.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Por lo tanto, cuando se negocian diferenciales de calendario, el valor de las opciones de compra se reduce m\u00e1s lentamente que el de las opciones de venta, siempre y cuando el precio de las acciones se acerque a nuestro precio de contrato, la diferencia de la beta ser\u00e1 m\u00e1s pronunciada y se obtendr\u00e1n m\u00e1s beneficios.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Vega es el efecto de la volatilidad impl\u00edcita IV en los precios de las opciones.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Un IV bajo resulta en un menor valor de opciones, mientras que un <a href=\"https:\/\/slashtraders.com\/es\/blog\/iv-rank-vs-iv-percentile\/\" target=\"_blank\" rel=\"noreferrer noopener\">IV alto<\/a> genera un mayor valor de opciones. Por lo tanto, <a href=\"https:\/\/slashtraders.com\/es\/blog\/buy-to-open-vs-buy-to-close\/\" target=\"_blank\" rel=\"noreferrer noopener\">compramos para abrir<\/a> un calendar spread cuando el IV es bajo, y luego vendemos para cerrar cuando el IV aumenta.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/slashtraders.com\/es\/pricing\/?utm_source=blog&amp;utm_medium=banner\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"971\" height=\"120\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner.png\" alt=\"Bandera de la experiencia del inversor apalancado\" class=\"wp-image-7387\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner.png 971w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner-300x37.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner-768x95.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner-18x2.png 18w\" sizes=\"(max-width: 971px) 100vw, 971px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u00bfC\u00f3mo elegir un diferencial de calendario alcista?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">El <a href=\"https:\/\/slashtraders.com\/es\/tools\/bull-put-spread-screener\/\" target=\"_blank\" rel=\"noreferrer noopener\">bull Put spread screener<\/a> utiliza el an\u00e1lisis fundamental para identificar los valores justos de las acciones. Tambi\u00e9n emplea <a href=\"https:\/\/slashtraders.com\/es\/blog\/fundamental-analysis-vs-technical-analysis\/\" target=\"_blank\" rel=\"noreferrer noopener\">an\u00e1lisis t\u00e9cnico<\/a> en d\u00edas largos para determinar el momento de las tendencias alcistas. Podemos ordenar la lista por potencial alcista para localizar acciones que est\u00e1n muy subvaloradas y que tienen el mayor potencial de crecimiento.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"609\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener-1024x609.png\" alt=\"screener de spreads de calendario alcistas\" class=\"wp-image-8708\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener-1024x609.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener-300x179.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener-768x457.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener-18x12.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bullish-calendar-spread-screener.png 1121w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Utiliza el screener de bull Put spread para encontrar acciones alcistas.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">La acci\u00f3n de BABA presenta el mayor potencial de crecimiento del 102%, y muestra una tendencia alcista que comenz\u00f3 hace 14 d\u00edas de negociaci\u00f3n, como lo indica la se\u00f1al de d\u00edas largos. Por lo tanto, podemos tener confianza en una <a href=\"https:\/\/slashtraders.com\/es\/blog\/bottom-out-stock-bull-put-spread\/\" target=\"_blank\" rel=\"noreferrer noopener\">perspectiva alcista<\/a> para Alibaba.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Queremos encontrar un precio de ejercicio para el calendar spread que BABA pueda alcanzar, as\u00ed que tomamos un punto medio entre el precio actual y el valor justo para establecerlo como el precio de ejercicio:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compra $135 dos meses despu\u00e9s del vencimiento de la Call.<\/li>\n\n\n\n<li>Vende una opci\u00f3n Call de $135 que vence el pr\u00f3ximo mes.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread.png\" alt=\"baba bullish calendar spreads\" class=\"wp-image-8709\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-bull-calendar-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Fijaci\u00f3n alcista del diferencial de calendario de BABA.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Este calendario cuesta $39 de capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Si BABA sube a $135 en un mes, el valor de la opci\u00f3n sube a $830, lo que nos da un beneficio de 2028% en la operaci\u00f3n.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis.png\" alt=\"An\u00e1lisis de rentabilidad del diferencial del calendario baba\" class=\"wp-image-8712\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/baba-calendar-spread-profit-analysis-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cuando el precio de las acciones de BABA suba a $135 ganar\u00e1 m\u00e1s.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u00bfC\u00f3mo elegir un spread de calendario bajista?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">El <a href=\"https:\/\/slashtraders.com\/es\/tools\/bear-call-spread-screener\/\" target=\"_blank\" rel=\"noreferrer noopener\">screener de bear Call spread<\/a> utiliza an\u00e1lisis fundamental para determinar los valores justos de las acciones. Tambi\u00e9n emplea an\u00e1lisis t\u00e9cnico en d\u00edas cortos para identificar el momento de las tendencias bajistas. Podemos ordenar la lista por potencial alcista para localizar acciones que est\u00e1n muy sobrevaloradas y que tienen el mayor <a href=\"https:\/\/slashtraders.com\/es\/blog\/bear-call-spread-delta-hedge\/\" target=\"_blank\" rel=\"noreferrer noopener\">potencial a la baja<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener-1024x576.png\" alt=\"screener de spreads de calendario bajistas\" class=\"wp-image-8715\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener-18x10.png 18w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/bearish-calendar-spread-screener.png 1120w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Utiliza el esc\u00e1ner de bear Call spread para localizar acciones bajistas.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">La acci\u00f3n de ENPH presenta el menor potencial de crecimiento con un -54%, y muestra una tendencia bajista que comenz\u00f3 hace un d\u00eda de negociaci\u00f3n, como lo indica la se\u00f1al de d\u00edas cortos. Por lo tanto, podemos tener confianza en una perspectiva bajista para Enphase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buscamos determinar un precio de ejercicio para el calendario spread que ENPH sea capaz de alcanzar, as\u00ed que tomamos un punto medio entre el precio actual y el valor justo para fijarlo como el precio de ejercicio:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compre $230 dos meses despu\u00e9s del vencimiento de Put.<\/li>\n\n\n\n<li>Vender $230 Put que cierra el mes que viene.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread.png\" alt=\"spreads de calendario bajistas enph\" class=\"wp-image-8718\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-bear-calendar-spread-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Estrategia de spread calendar bajista de ENPH.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Este calendario cuesta $515 en capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Si ENPH baja a $230 en un mes, el valor de la opci\u00f3n sube a $1511, lo que nos da un beneficio de 193% en la operaci\u00f3n.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis.png\" alt=\"An\u00e1lisis de rentabilidad del diferencial del calendario enph\" class=\"wp-image-8719\" srcset=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis.png 1280w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis-300x169.png 300w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis-1024x576.png 1024w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis-768x432.png 768w, https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/09\/enph-calendar-spread-profit-analysis-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cuando la cotizaci\u00f3n de ENPH baj\u00f3 a $230 fue cuando m\u00e1s gan\u00f3.<\/figcaption><\/figure>\n\n\n\n<p class=\"has-ast-global-color-4-background-color has-background wp-block-paragraph\"><a href=\"https:\/\/slashtraders.com\/es\/blog\/slashtraders-vs-sp500\/\" target=\"_blank\" rel=\"noreferrer noopener\">Descubre las estrategias de SlashTraders que superan al S&amp;P 500 en un 450%<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Si bien los calendar spreads tienen un alto apalancamiento, se trata de una operaci\u00f3n dif\u00edcil de dominar, ya que es necesario acertar en la direcci\u00f3n y el tama\u00f1o de las tendencias para obtener beneficios.<\/p>","protected":false},"author":1,"featured_media":8693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"plain-container","ast-site-content-layout":"normal-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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