{"id":23574,"date":"2025-08-22T12:38:10","date_gmt":"2025-08-22T12:38:10","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=23574"},"modified":"2025-10-17T07:24:30","modified_gmt":"2025-10-17T07:24:30","slug":"contrats-doptions-vs-contrats-a-terme","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme","title":{"rendered":"Contrats d\u2019options vs. contrats \u00e0 terme"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#definition_des_contrats_doptions_et_des_contrats_a_terme\" >D\u00e9finition des contrats\u00a0d\u2019options et\u00a0des contrats\u00a0\u00e0 terme<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#comment_fonctionnent_les_contrats_doptions\" >Comment\u00a0fonctionnent les\u00a0contrats d\u2019options ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#comment_fonctionnent_les_contrats_a_terme\" >Comment\u00a0fonctionnent les\u00a0contrats \u00e0 terme\u00a0?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#differences_cles_entre_futurs_et_options\" >Diff\u00e9rences cl\u00e9s entre\u00a0futurs et options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#risques_associes_aux_futurs_et_aux_options\" >Risques associ\u00e9s aux futurs et aux options<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#risques_des_futurs\" >Risques des futurs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#risques_des_options\" >Risques des options<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/fr\/contrats-doptions-vs-contrats-a-terme\/#avantages_et_inconvenients_des_futurs_et_options\" >Avantages et inconv\u00e9nients des futurs et options<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Le monde des\u00a0cryptos cartonne en ce moment\u00a0et mec soyons honn\u00eates, tu es plus\u00a0perdu que ma\u00a0grand-m\u00e8re quand\u00a0elle fait un\u00a0Bizum. Si tu\u00a0veux vraiment\u00a0<strong>cartonner \u00e0\u00a0100%<\/strong>, tu dois\u00a0savoir ce que\u00a0c\u2019est que les\u00a0<strong>futurs<\/strong>\u00a0et\u00a0les\u00a0<strong>options<\/strong>. \u00c0\u00a0moins que tu\u00a0ne veuilles rester\u00a0dans la gal\u00e8re toute\u00a0ta vie. Viens, je\u00a0t\u2019explique un\u00a0peu de quoi il\u00a0s\u2019agit. Tranquille, ici\u00a0pas de blagues bizarres ni d\u2019histoires \u00e0\u00a0dormir debout :\u00a0uniquement du\u00a0<strong>contenu de\u00a0qualit\u00e9, street-smart<\/strong>, pour\u00a0briller facilement.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Je sais que si tu ne viens pas du monde du trading, parfois, tu te perds parmi tous ces concepts h\u00e9rit\u00e9s du march\u00e9 traditionnel. C\u2019est comme entrer dans un bar o\u00f9 tout le monde parle en langage cod\u00e9 et toi, tu ne sais m\u00eame pas commander une bi\u00e8re. R\u00e9veille-toi. Dans ce sens, aujourd\u2019hui, je me sens oblig\u00e9, \u00e0 travers cet article, de t\u2019enseigner la diff\u00e9rence entre <strong>contrats d\u2019options<\/strong>\u00a0et\u00a0<strong>contrats \u00e0\u00a0terme<\/strong>. Que veux-tu, aujourd\u2019hui, je suis g\u00e9n\u00e9reux.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Pour organiser\u00a0tes id\u00e9es dans\u00a0ta t\u00eate, comprends\u00a0d\u2019abord que nous\u00a0parlons de deux\u00a0concepts qui\u00a0<strong>partagent de\u00a0nombreuses caract\u00e9ristiques<\/strong>. C\u2019est pour \u00e7a qu\u2019ils te paraissent identiques \u2014 ou du chinois carr\u00e9ment xd.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Je vais t\u2019expliquer les\u00a0particularit\u00e9s de\u00a0chacun, mais\u00a0d\u2019abord allons\u00a0sur les\u00a0<strong>diff\u00e9rences<\/strong>\u00a0pour\u00a0que tu arr\u00eates de\u00a0les confondre.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-25852\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1.jpg\" alt=\"bitnovo_contrats-futures_contrats-options\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1.jpg 2560w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1-2048x1366.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"definition_des_contrats_doptions_et_des_contrats_a_terme\"><\/span><strong>D\u00e9finition des contrats\u00a0d\u2019options et\u00a0des contrats\u00a0\u00e0 terme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Bon, pour\u00a0dire \u00e7a simplement\u00a0(et ce n\u2019est pas\u00a0pour te traiter\u00a0de d\u00e9bile) :\u00a0les\u00a0<strong>futurs<\/strong>, c\u2019est comme un\u00a0pacte avec ton\u00a0pote pour lui\u00a0acheter le billet\u00a0du concert la\u00a0semaine prochaine\u00a0\u00e0 un prix que\u00a0vous avez d\u00e9j\u00e0\u00a0fix\u00e9, m\u00eame si\u00a0\u00e7a flambe ensuite. Plus techniquement, quand\u00a0on parle d\u2019un\u00a0<strong>contrat \u00e0 terme<\/strong>, c\u2019est un\u00a0<strong>accord l\u00e9gal<\/strong>\u00a0d\u2019acheter ou vendre\u00a0un actif \u00e0 un\u00a0prix pr\u00e9d\u00e9termin\u00e9, \u00e0\u00a0une date pr\u00e9cise\u00a0dans le futur.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Dans les\u00a0<a href=\"https:\/\/fr.wikipedia.org\/wiki\/Contrat_%C3%A0_terme\"><strong>contrats \u00e0\u00a0terme<\/strong><\/a>, si tu\u00a0le signes,\u00a0<strong>tu dois acheter\u00a0l\u2019actif sous-jacent<\/strong>\u00a0\u00e0 l\u2019\u00e9ch\u00e9ance. Comme\u00a0quand tu dis\u00a0\u00e0 ton pote \u201cla prochaine tourn\u00e9e\u00a0est pour moi\u201d, et quand elle\u00a0arrive, c\u2019est vraiment\u00a0pour toi. Pas\u00a0de retour en\u00a0arri\u00e8re.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Les\u00a0<strong>options<\/strong>, c\u2019est un autre d\u00e9lire. C\u2019est comme r\u00e9server le billet du concert, mais avec la possibilit\u00e9 de ne pas y aller si tu trouves mieux. Tu perds uniquement la r\u00e9servation. Les\u00a0<strong>contrats d\u2019options<\/strong>, en\u00a0gros, c\u2019est l\u2019achat d\u2019un\u00a0<strong>\u201cdroit\u201d d\u2019acheter ou\u00a0de vendre<\/strong>\u00a0un\u00a0actif avant une\u00a0date limite. Tu\u00a0as\u00a0<strong>le droit, mais pas l\u2019obligation<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Si tu es le\u00a0titulaire d\u2019une option, tu peux acheter\u00a0ou vendre l\u2019actif, selon\u00a0ton choix, mais\u00a0tu n\u2019y es pas\u00a0oblig\u00e9. Mais\u00a0fais gaffe, rien\u00a0n\u2019est gratuit\u00a0: ce droit si\u00a0cool de pouvoir\u00a0dire non, \u00e7a\u00a0s\u2019appelle une\u00a0<strong>prime<\/strong> (et non, pas ta cousine Chantal \u2014 prime de\u00a0celles qu\u2019on paie).<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-25853\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1.jpg\" alt=\"bitnovo_derives_crypto\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1.jpg 2560w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1-2048x1366.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Prochain point\u00a0du jour : les\u00a0<strong>d\u00e9riv\u00e9s financiers<\/strong>\u00a0et les\u00a0<strong>actifs sous-jacents<\/strong>. Pas\u00a0de panique, je\u00a0ne vais pas te\u00a0faire un cours\u00a0de physique quantique. Imagine\u00a0les d\u00e9riv\u00e9s comme\u00a0des\u00a0<strong>paris sur\u00a0un match de foot<\/strong>. Pas de bol, l\u2019\u00e9quipe n\u2019est pas\u00a0\u00e0 toi, mais tu\u00a0paries sur sa\u00a0performance. Les\u00a0deux contrats\u00a0(futurs et options) appartiennent au\u00a0m\u00eame panier des\u00a0<strong>produits d\u00e9riv\u00e9s financiers<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Ce type\u00a0d\u2019instrument tire\u00a0sa\u00a0<strong>valeur d\u2019un autre actif\u00a0principal<\/strong>. Cet\u00a0actif principal, c\u2019est l\u2019<strong>actif sous-jacent<\/strong>. Qu\u2019est-ce que tu\u00a0veux que je te\u00a0dise mec ? Certaines\u00a0choses doivent\u00a0\u00eatre appel\u00e9es par\u00a0leur vrai nom. \u00c7a ne te ferait\u00a0pas de mal d\u2019avoir un peu\u00a0de langage technique\u00a0pour frimer. Dans\u00a0notre cas, \u00e9videmment, l\u2019actif sous-jacent sera une\u00a0<strong>cryptomonnaie<\/strong>, pas\u00a0les quelques\u00a0billets sous\u00a0ton matelas.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Beaucoup\u00a0de gens font\u00a0\u00e7a. Pour te donner\u00a0une id\u00e9e, assieds-toi : <a href=\"https:\/\/www.bis.org\/publ\/otc_hy2211.htm\">selon<\/a>\u00a0la\u00a0<strong>Bank for\u00a0International\u00a0Settlements<\/strong>, la\u00a0valeur notionnelle du march\u00e9\u00a0des d\u00e9riv\u00e9s OTC\u00a0atteignait\u00a0<strong>632 billions de\u00a0dollars<\/strong> \u00e0 mi-2022. Rien que\u00a0d\u2019y penser, j\u2019ai la t\u00eate qui\u00a0tourne.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"comment_fonctionnent_les_contrats_doptions\"><\/span><strong>Comment\u00a0fonctionnent les\u00a0contrats d\u2019options ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">En bref :\u00a0<strong>tu paies un\u00a0certain montant\u00a0pour avoir le\u00a0droit, mais pas\u00a0l\u2019obligation, d\u2019acheter ou vendre\u00a0quelque chose\u00a0plus tard<\/strong>. Comme\u00a0r\u00e9server du pop-corn au cin\u00e9 et\u00a0d\u00e9cider ensuite\u00a0si tu le prends\u00a0ou pas. Facile.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-25854\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1.jpg\" alt=\"bitnovo_actif-sous-jacent_ethereum-eth\" width=\"2048\" height=\"1536\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1-1536x1152.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Maintenant, en pratique. Imagine que\u00a0tu es un trader\u00a0<strong>Pro Max<\/strong>\u00a0et\u00a0tu es s\u00fbr que\u00a0le prix de l\u2019ETH va to the\u00a0moon dans quelques\u00a0semaines apr\u00e8s\u00a0le concert de\u00a0Bad Bunny. Au\u00a0lieu de tout\u00a0risquer, tu joues le malin. Tu\u00a0ouvres une\u00a0<strong>option d\u2019achat (call)<\/strong>\u00a0d\u2019ETH au-dessus de\u00a0la valeur actuelle. Mais rappelle-toi : ce droit\u00a0n\u2019est pas gratuit, tu paies une\u00a0prime.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Quand la\u00a0date approche, tu as deux choix\u00a0:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Ex\u00e9cuter la position<\/strong> (si ETH\u00a0est au-dessus du\u00a0prix fix\u00e9)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Ne pas ex\u00e9cuter la\u00a0position<\/strong>\u00a0(si ce\u00a0n\u2019est pas int\u00e9ressant)<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Facile, non\u00a0? C\u2019est comme\u00a0avoir un as dans\u00a0la manche. Si\u00a0\u00e7a marche, tu\u00a0exerces. Si \u00e7a\u00a0ne marche pas, tu restes tranquille\u00a0et tu perds seulement\u00a0la\u00a0<strong>prime<\/strong>. Bon, passons aux\u00a0<strong>futurs<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"comment_fonctionnent_les_contrats_a_terme\"><\/span><strong>Comment\u00a0fonctionnent les\u00a0contrats \u00e0 terme\u00a0?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">C\u2019est diff\u00e9rent. Ici,\u00a0<strong>si tu\u00a0pactes, tu paies<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25855\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1.jpg\" alt=\"bitnovo_effet-levier_risques\" width=\"2048\" height=\"2048\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1-300x300.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1-1024x1024.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1-150x150.jpg 150w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1-768x768.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1-1536x1536.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Imagine encore\u00a0que tu es un\u00a0gros trader Pro\u00a0Max et tu es\u00a0convaincu que\u00a0l\u2019ETH va grimper fort. Tu t\u2019abonnes donc\u00a0\u00e0 un\u00a0<strong>contrat \u00e0\u00a0terme<\/strong>\u00a0\u00e0 une\u00a0date donn\u00e9e avec\u00a0un prix d\u2019Ethereum sup\u00e9rieur\u00a0\u00e0 celui d\u2019aujourd\u2019hui.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">Quoi qu\u2019il arrive, au prix <a href=\"https:\/\/www.bitnovo.com\/blog\/fr\/quest-ce-que-lethereum-eth-et-comment-fonctionne-t-il\">d\u2019Ethereum<\/a> \u00e0\u00a0l\u2019\u00e9ch\u00e9ance, tu\u00a0es oblig\u00e9 d\u2019acheter les\u00a0unit\u00e9s fix\u00e9es au\u00a0<strong>prix convenu<\/strong>. C\u2019est comme\u00a0\u00e7a. Pas d\u2019excuses, pas\u00a0de plan B.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">L\u00e0 o\u00f9\u00a0\u00e7a devient cool, c\u2019est qu\u2019il existe\u00a0des\u00a0<strong>contrats \u00e0\u00a0terme perp\u00e9tuels<\/strong> :\u00a0comme l\u2019histoire toxique avec ton\u00a0ex, ils n\u2019ont pas\u00a0de date de fin. Ce type de contrat\u00a0explose en ce\u00a0moment, car il\u00a0permet de l\u2019<strong>effet de\u00a0levier<\/strong>\u00a0sur\u00a0la position initiale. Mais attention, le\u00a0<strong>levier, c&#8217;est<\/strong>\u00a0comme la\u00a0vitesse en moto\u00a0: soit tu vas\u00a0loin, tr\u00e8s vite, soit tu t\u2019\u00e9crases au\u00a0premier virage.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"differences_cles_entre_futurs_et_options\"><\/span><strong>Diff\u00e9rences cl\u00e9s entre\u00a0futurs et options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\">R\u00e9sum\u00e9 courte\u00a0version :\u00a0<strong>les futurs sont\u00a0pour ceux qui\u00a0misent tout<\/strong>\u00a0et\u00a0les\u00a0<strong>options pour\u00a0ceux qui veulent\u00a0plus de flexibilit\u00e9<\/strong> sans tout casser. Dans les futurs, tu paies un engagement, dans les options, tu paies la r\u00e9servation. Mais allons plus en d\u00e9tails :<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Obligation vs droit :<\/strong> L\u2019option = droit, point. Les futurs = obligation. Avec l\u2019option, tu choisis, avec les futurs, c&#8217;est \u00e9crit, point barre.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Liquidations :<\/strong>\u00a0Dans les options, il n\u2019y a liquidation\u00a0que si tu exerces. Dans les\u00a0futurs, liquidation\u00a0<strong>quotidienne<\/strong>\u00a0comme\u00a0un\u00a0<strong>coucou suisse<\/strong>.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Garanties :<\/strong> Dans les options, les garanties\u00a0sont pour le\u00a0vendeur. Toi, tu\u00a0as d\u00e9j\u00e0 pay\u00e9\u00a0ton ticket en\u00a0achetant. Dans\u00a0les futurs, les\u00a0deux parties\u00a0mettent des garanties, car toutes deux\u00a0sont engag\u00e9es.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2 animate-in fade-in-25 duration-700\"><strong>Contr\u00f4le des pertes\u00a0:<\/strong>\u00a0La majorit\u00e9\u00a0des options\u00a0<strong>expirent sans\u00a0valeur<\/strong>, mais\u00a0les pertes sont\u00a0limit\u00e9es \u00e0 la\u00a0prime que tu\u00a0as pay\u00e9e. Dans\u00a0les futurs, les\u00a0pertes peuvent\u00a0\u00eatre\u00a0<strong>illimit\u00e9es<\/strong>. Danger\u00a0!<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23575 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1-1.jpg\" alt=\"bitnovo_futures-perpetuels_crypto\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1-1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1-1-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"risques_associes_aux_futurs_et_aux_options\"><\/span><strong>Risques associ\u00e9s aux futurs et aux options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Attention : ce n\u2019est pas un parc d\u2019attraction. Ici soit tu gagnes le jackpot, soit tu ressors les poches vides. Les\u00a0<strong>futurs<\/strong>\u00a0sont de l\u2019adr\u00e9naline pure, les\u00a0<strong>options<\/strong>\u00a0c\u2019est plus du d\u00e9lire avec du contr\u00f4le.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"risques_des_futurs\"><\/span><strong>Risques des futurs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Je t\u2019ai d\u00e9j\u00e0 dit que les futurs = pertes <strong>illimit\u00e9es<\/strong>. C\u2019est comme parier que ton \u00e9quipe gagne par 5-0 et payer double quand ils perdent. Et l\u2019<strong>effet de levier<\/strong>\u00a0amplifie tout, gains ou pertes.<\/p>\n<h3 class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><span class=\"ez-toc-section\" id=\"risques_des_options\"><\/span><strong>Risques des options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ici le risque est plus <strong>lite<\/strong>. Max que tu perds = la\u00a0<strong>prime<\/strong>\u00a0que tu as pay\u00e9e. Comme quand tu ach\u00e8tes une tombola perdante. Mais attention, les\u00a0<strong>primes peuvent \u00eatre ch\u00e8res<\/strong>. Si tu ne sais pas ce que tu fais, tu peux perdre\u00a0<strong>100%<\/strong>\u00a0de ton investissement initial.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">De plus, surveille la\u00a0<strong>volatilit\u00e9<\/strong>\u00a0: ton amie et ton ennemie. Elle peut transformer ton option en or ou la rendre nulle comme un bon de r\u00e9duction p\u00e9rim\u00e9.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25857\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1.jpg\" alt=\"bitnovo_reglement-quotidien_prime-option\" width=\"2048\" height=\"1536\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1-1536x1152.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"avantages_et_inconvenients_des_futurs_et_options\"><\/span>Avantages et inconv\u00e9nients des futurs et options<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Dans les futurs, c&#8217;est tout ou rien<\/strong><br \/>\n<strong>Avantages :<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Levier \u00e9norme<\/strong> pour maximiser les gains<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Haute liquidit\u00e9<\/strong> : tu entres et sors quand tu veux<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Moins de co\u00fbts<\/strong> (pas de prime \u00e0 payer)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Id\u00e9al pour\u00a0<strong>strat\u00e9gies de couverture<\/strong><\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Inconv\u00e9nients :<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Risque illimit\u00e9<\/strong> : tu peux perdre plus que ce que tu investis<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Liquidations quotidiennes<\/strong> qui peuvent tomber mal<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Moins de flexibilit\u00e9<\/strong>, tu es engag\u00e9 jusqu\u2019au bout<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Dans les options, la flexibilit\u00e9 est plus grande (\u00e0 quel prix)<\/strong><br \/>\nAvantages :<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Risque limit\u00e9<\/strong> : tu perds seulement la prime<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Flexibilit\u00e9 totale<\/strong> : tu agis seulement si c\u2019est favorable<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Id\u00e9al pour\u00a0<strong>sp\u00e9culer sur la volatilit\u00e9<\/strong><\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Inconv\u00e9nients :<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Prime peut \u00eatre ch\u00e8re<\/strong>, surtout en march\u00e9 volatile<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Moins de <a href=\"https:\/\/www.bitnovo.com\/blog\/fr\/quest-ce-que-leffet-de-levier-dans-le-trading\">levier<\/a><\/strong> que les futurs<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Peut-\u00eatre que tu n\u2019exploses pas autant les gains<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23576 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2-1.jpg\" alt=\"bitnovo_differences_futures-options\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2-1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2-1-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Les\u00a0<strong>futurs<\/strong>\u00a0sont cool si tu viens jouer et que tu as l\u2019estomac solide pour g\u00e9rer le risque. Mais rappelle-toi, tu peux finir \u00e0 sec. Les\u00a0<strong>options<\/strong>\u00a0t\u2019offrent de la flexibilit\u00e9 et moins de stress, mais peut-\u00eatre pas le gros lot.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">La bonne nouvelle, c\u2019est que c\u2019est toujours\u00a0<strong>toi qui d\u00e9cides<\/strong>\u00a0si tu veux jouer safe ou tout risquer. Le plus important :\u00a0<strong>agir avec connaissance<\/strong>\u00a0et ne jamais miser de l\u2019argent que tu ne peux pas te permettre de perdre.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Si tu es arriv\u00e9 jusqu\u2019ici et que tu n\u2019as pas mat\u00e9 des TikToks en m\u00eame temps, tu devrais maintenant distinguer clairement entre futurs et options. Sinon, reprends une bi\u00e8re et relis, \u00e7a passera mieux.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25859\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8-1.jpg\" alt=\"bitnovo_risques_futures-options\" width=\"765\" height=\"576\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8-1.jpg 765w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8-1-300x226.jpg 300w\" sizes=\"(max-width: 765px) 100vw, 765px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Disclaimer :<\/strong><br \/>\nCe contenu est exclusivement \u00e9ducatif et ne doit pas \u00eatre interpr\u00e9t\u00e9 comme un conseil d\u2019investissement. <a href=\"http:\/\/www.bitnovo.com\/\">Bitnovo<\/a> n\u2019offre pas de conseil financier personnalis\u00e9. Tout investissement comporte des risques : nous te recommandons de bien t\u2019informer et, si n\u00e9cessaire, de consulter un conseiller financier pro avant toute d\u00e9cision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>L&#8217;une des questions les plus fr\u00e9quentes chez les traders : quelle est la diff\u00e9rence entre un contrat d&#8217;options et un contrat \u00e0 terme ? Voici la r\u00e9ponse.<\/p>\n","protected":false},"author":12,"featured_media":14742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164],"tags":[],"class_list":["post-23574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptomonnaies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=23574"}],"version-history":[{"count":6,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23574\/revisions"}],"predecessor-version":[{"id":25864,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23574\/revisions\/25864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/14742"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=23574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=23574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=23574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}