<!--VOLITY_BUF_FIRED len=35712 has_mailto=N-->{"id":34596,"date":"2026-05-07T21:59:10","date_gmt":"2026-05-07T21:59:10","guid":{"rendered":"https:\/\/volity.io\/blog\/what-is-hedging-2\/"},"modified":"2026-05-19T07:25:08","modified_gmt":"2026-05-19T07:25:08","slug":"what-is-hedging","status":"publish","type":"post","link":"https:\/\/volity.io\/es\/acciones\/what-is-hedging\/","title":{"rendered":"\u00bfQu\u00e9 es el hedging en trading?"},"content":{"rendered":"\n    <style>\n    .vd-wrap {\n        display: flex;\n        align-items: flex-start;\n        gap: 20px;\n        background: #ffffff;\n        border: 1px solid #f2f4f7;\n        border-left: 4px solid #c0392b;\n        border-radius: 12px;\n        padding: 24px;\n        margin: 30px 0;\n        box-sizing: border-box;\n        width: 100%;\n        box-shadow: 0 4px 20px rgba(0,0,0,0.04);\n        position: relative;\n        overflow: hidden;\n    }\n    .vd-wrap::after {\n        content: \"\";\n        position: absolute;\n        right: -20px;\n        bottom: -20px;\n        width: 100px;\n        height: 100px;\n        background: radial-gradient(circle, rgba(192, 57, 43, 0.03) 0%, transparent 70%);\n        pointer-events: none;\n    }\n    .vd-icon {\n        flex-shrink: 0;\n        background: #fff5f4;\n        border: 1px solid #fee2e1;\n        border-radius: 8px;\n        width: 40px;\n        height: 40px;\n        display: flex;\n        align-items: center;\n        justify-content: center;\n    }\n    .vd-icon svg { width: 22px; height: 22px; }\n    .vd-content { flex: 1; min-width: 0; }\n    .vd-label {\n        display: block;\n        font-size: 11px;\n        font-weight: 800;\n        letter-spacing: 0.1em;\n        text-transform: uppercase;\n        color: #c0392b;\n        margin-bottom: 8px;\n        font-family: \"Inter\", sans-serif;\n    }\n    .vd-text {\n        font-size: 14px;\n        line-height: 1.6;\n        color: #475467;\n        margin: 0;\n        font-family: \"Inter\", sans-serif;\n    }\n    .vd-text p { margin: 0 0 10px 0; }\n    .vd-text p:last-child { margin-bottom: 0; }\n    .vd-text strong { color: #101828; font-weight: 600; }\n    .vd-text a { color: #c0392b; text-decoration: underline; }\n    @media (max-width: 600px) {\n        .vd-wrap { flex-direction: column; gap: 12px; padding: 20px; }\n        .vd-icon { width: 32px; height: 32px; }\n    }\n    <\/style>\n\n    <div class=\"vd-wrap\" role=\"alert\" aria-label=\"Divulgaci\u00f3n de riesgos\">\n        <div class=\"vd-icon\">\n            <svg viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                <path d=\"M12 9V14M12 17.01L12.01 16.998M12 21C16.9706 21 21 16.9706 21 12C21 7.02944 16.9706 3 12 3C7.02944 3 3 7.02944 3 12C3 16.9706 7.02944 21 12 21Z\" stroke=\"#c0392b\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n            <\/svg>\n        <\/div>\n        <div class=\"vd-content\">\n            <span class=\"vd-label\">Divulgaci\u00f3n de Riesgo Regulatorio<\/span>\n            <div class=\"vd-text\"><p>Invertir en productos financieros conlleva riesgos. Las p\u00e9rdidas pueden superar el valor de su inversi\u00f3n inicial.<\/p><\/div>\n        <\/div>\n    <\/div>\n\r\n<div class=\"wp-block-group volity-quick-answer\" data-volity-quick-answer=\"2026-05-08\" style=\"border-color:#0066cc;border-width:4px;border-radius:8px;padding:20px;background:#f7f9fc;border-left:4px solid #0066cc\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\r\n&#13;\n<h2 class=\"wp-block-heading volity-qa-heading\">Quick answer<\/h2>&#13;\n\r\n\r\n&#13;\n<p>Hedging in trading is opening an offsetting position to reduce or eliminate risk on an existing exposure. Examples: a long S&amp;P 500 holder shorts S&amp;P 500 futures to lock in gains; a US-dollar earner short EUR\/USD to hedge euro liabilities; a gold producer sells gold futures to lock the price. Hedging caps both downside AND upside; it&#8217;s risk management, not return enhancement.<\/p>&#13;\n\r\n<\/div><\/div>\r\n<p>Hedging in trading is opening a second position that profits when your first position loses, with the aim of reducing or removing exposure to a specific risk. It is insurance, not a profit strategy. A hedge has a cost (premium, basis, opportunity cost) and the trader accepts that cost in exchange for a known outcome.<\/p>\n<h2>The mental model<\/h2>\n<p>Every position has three risks attached: direction, time, and event. A hedge isolates one of those risks and neutralises it while leaving the others intact. Examples:<\/p>\n<ul>\n<li>Long Apple stock + buy a put: directional downside hedged, upside intact, cost is the put premium.<\/li>\n<li>Long EUR\/USD + short GBP\/USD (correlated): partial hedge against a broad dollar-strength move.<\/li>\n<li>Long S&#038;P 500 + short Nasdaq futures: hedges tech-driven downside while keeping value-stock upside.<\/li>\n<\/ul>\n<h2>The four most common hedge structures<\/h2>\n<ol>\n<li><strong>Protective put<\/strong>. Long stock, long put. Capped downside, full upside, cost is the premium.<\/li>\n<li><strong>Covered call<\/strong>. Long stock, short call. Income from the premium, capped upside, full downside.<\/li>\n<li><strong>Pairs trade<\/strong>. Long stock A, short correlated stock B. Removes market direction, leaves relative-value exposure.<\/li>\n<li><strong>Cross-asset hedge<\/strong>. Long equities, long gold or long volatility. Removes systemic-shock risk via correlated safe-haven assets.<\/li>\n<\/ol>\n<h2>What does a hedge cost?<\/h2>\n<ul>\n<li><strong>Premium<\/strong>. Options cost cash up front. A 5%-out-of-the-money 30-day SPX put costs roughly 0.5-1.5% of notional in normal volatility regimes.<\/li>\n<li><strong>Carry<\/strong>. Holding offsetting futures or CFDs costs financing on the long leg and earns financing on the short leg. Net carry is rarely zero.<\/li>\n<li><strong>Basis risk<\/strong>. The hedge instrument is not identical to the underlying. The mismatch can move against you independently.<\/li>\n<li><strong>Opportunity cost<\/strong>. Capital posted as margin on the hedge cannot work elsewhere.<\/li>\n<\/ul>\n<h2>When does hedging make sense?<\/h2>\n<ul>\n<li><strong>Concentrated exposure<\/strong>. A single stock that is 30%+ of liquid net worth. Selling triggers tax; hedging delays the question.<\/li>\n<li><strong>Event risk<\/strong>. Earnings, FOMC, election, regulatory decision. The thesis works long-run but the path is unsafe.<\/li>\n<li><strong>Mandatory caps<\/strong>. A fund&#8217;s risk policy requires a maximum drawdown. The hedge converts open-ended risk into a known floor.<\/li>\n<li><strong>Treasury exposure<\/strong>. A corporate with foreign currency receivables hedges to lock in domestic-currency revenue.<\/li>\n<\/ul>\n<h2>What goes wrong<\/h2>\n<ul>\n<li><strong>Hedge slippage<\/strong>. The protective put is bought too far out of the money, or the pairs trade has too low a correlation. The hedge does not perform when needed.<\/li>\n<li><strong>Premium drag<\/strong>. Rolling protective puts every month for a year can cost 10-15% of notional. In a flat market the hedge is the only loser.<\/li>\n<li><strong>Hedge becomes speculation<\/strong>. The trader closes the original position but keeps the hedge for a directional view. Now it is a naked short, not a hedge.<\/li>\n<li><strong>Counterparty risk<\/strong>. OTC hedges depend on the counterparty paying out. Use regulated venues and check ICF coverage.<\/li>\n<\/ul>\n<h2>Hedging on a Volity account<\/h2>\n<p>Volity supports multi-asset hedging on one account: equities, indices, forex, gold, oil, and crypto CFDs side by side. Hedge a long Apple position with a short Nasdaq CFD, or a long EUR cash balance with a short EUR\/USD CFD, without moving cash between platforms. Trading is executed by UBK Markets Ltd, a Cyprus Investment Firm authorised by CySEC under licence 186\/12. Eligible retail clients are covered by the Cyprus Investor Compensation Fund up to EUR 20,000 per client per firm. ESMA retail leverage caps apply: 1:30 on major FX, 1:20 on non-major FX, indices and gold, 1:10 on other commodities, 1:5 on equities, 1:2 on crypto.<\/p>\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\r\n\r\n<div class=\"wp-block-group volity-authority-footer\" data-volity-authority=\"seo-2026-05-08-custom\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\r\n&#13;\n<h3 class=\"wp-block-heading\">Verified sources<\/h3>&#13;\n\r\n\r\n&#13;\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.cfainstitute.org\/en\/research\" rel=\"noopener\" target=\"_blank\">CFA Institute research<\/a><\/li><li><a href=\"https:\/\/www.bis.org\/statistics\/rpfx22.htm\" rel=\"noopener\" target=\"_blank\">BIS Triennial forex survey<\/a><\/li><li><a href=\"https:\/\/www.cmegroup.com\/education\/courses\/introduction-to-hedging.html\" rel=\"noopener\" target=\"_blank\">CME hedging education<\/a><\/li><\/ul>&#13;\n\r\n\r\n&#13;\n<h3 class=\"wp-block-heading\">Related on Volity<\/h3>&#13;\n\r\n\r\n&#13;\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/volity.io\/gold\/hedging-in-commodity-trading\/\">Hedging in commodity trading<\/a><\/li><li><a href=\"https:\/\/volity.io\/es\/cfd\/what-is-cfd-trading\/\">\u00bfQu\u00e9 es el trading CFD? Gu\u00eda completa 2026<\/a><\/li><li><a href=\"https:\/\/volity.io\/es\/divisas\/forex-risk-management\/\">Gesti\u00f3n del riesgo en forex: un marco de dimensionamiento de posiciones<\/a><\/li><li><a href=\"https:\/\/volity.io\/es\/glossary-es\/what-is-margin-in-trading\/\">Qu\u00e9 es el margen en el trading<\/a><\/li><li><a href=\"https:\/\/volity.io\/cfd\/cfd-day-trading\/\">CFD day trading<\/a><\/li><\/ul>&#13;\n\r\n\r\n&#13;\n<p class=\"volity-last-reviewed\" style=\"font-size:13px;color:#5a6577;margin-top:18px\"><em>Last reviewed: 2026-05-08 by Alexander Bennett, lead financial analyst at Volity. We update this article whenever the underlying market data, regulatory framework, or platform features change.<\/em><\/p>&#13;\n\r\n<\/div><\/div>\r\n\n    <style>\n    .volity-coi {\n        background: #fff;\n        border: 1px solid #c5d8ee;\n        border-radius: 8px;\n        margin: 32px 0;\n        font-family: \"Inter\", sans-serif;\n        font-size: 13.5px;\n        line-height: 1.75;\n        color: #4a4a4a;\n        box-sizing: border-box;\n        width: 100%;\n        overflow: hidden;\n    }\n    .volity-coi .coi-heading {\n        display: block;\n        background: #2c6fad;\n        color: #fff;\n        font-size: 11px;\n        font-weight: 700;\n        letter-spacing: 0.09em;\n        text-transform: uppercase;\n        padding: 9px 22px;\n        margin: 0;\n    }\n    .volity-coi .coi-body { padding: 16px 22px; }\n    .volity-coi .coi-body p { margin: 0 0 10px 0; }\n    .volity-coi .coi-body p:last-child { margin-bottom: 0; }\n    .volity-coi a { color: #2c6fad; text-decoration: underline; }\n    @media(max-width:480px) {\n        .volity-coi .coi-body { padding: 14px 16px; font-size: 13px; }\n        .volity-coi .coi-heading { padding: 8px 16px; }\n    }\n    <\/style>\n    <div class=\"volity-coi\" role=\"note\">\n        <span class=\"coi-heading\">\u24d8 Divulgaci\u00f3n<\/span>\n        <div class=\"coi-body\"><p>Volity opera una plataforma de trading y tambi\u00e9n publica contenido educativo y anal\u00edtico sobre trading. El contenido de esta p\u00e1gina es solo con fines educativos y no debe considerarse asesoramiento financiero. Volity puede beneficiarse comercialmente cuando los lectores abren cuentas de trading a trav\u00e9s de enlaces en este sitio.<\/p><p>Nuestro contenido se produce y revisa seg\u00fan <a href=\"https:\/\/volity.io\/es\/editorial-standards\/\">normas editoriales<\/a> documentadas; la metodolog\u00eda de comparaci\u00f3n y revisi\u00f3n se publica <a href=\"https:\/\/volity.io\/es\/editorial-standards\/review-methodology\/\">aqu\u00ed<\/a>.<\/p><\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#13; Quick answer &#13; &#13; Hedging in trading is opening an offsetting position to reduce or eliminate risk on an existing exposure. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"custom_schema":"","footnotes":""},"categories":[211],"tags":[],"class_list":["post-34596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acciones"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u00bfQu\u00e9 es el hedging en trading? Mec\u00e1nica y ejemplos<\/title>\n<meta name=\"description\" content=\"El hedging en trading consiste en abrir una posici\u00f3n compensatoria para reducir el riesgo. 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