1. How much does Apple futures fluctuate at one point?
The formula for calculating the fluctuation of a point is = trading unit * minimum fluctuation price. According to the contract rules of Apple Futures, the trading code of Apple Futures is AP, the trading unit is per lot 10 ton, and the minimum fluctuation price is per ton 1 yuan. According to the formula, we can calculate: 10 * 1 = 10 yuan. Therefore, after investors trade a hand of Apple futures, the fluctuation point is 65438.
2. What is the margin of Apple Futures?
Speaking of first-hand apple futures, how much is it? I have to mention how much margin is needed. Because the margin and price determine the cost of each variety, many novice investors will consult the margin of futures. So what is the margin of Apple Futures? There is a formula to calculate: futures margin = futures price * trading unit * margin rate. The margin ratio of apple futures stipulated by Zhengzhou Commodity Exchange is 8%, but the margin is not constant forever, and the exchange will make certain adjustments according to market changes, so traders should always pay attention to the trading announcement of the exchange.
For example, if the price of Apple's 20 10 futures contract is 7 100 yuan/ton, the trading unit is 10 ton/lot, and the margin rate of Apple's futures stipulated by Zhengzhou Commodity Exchange is 8%, then the trading amount of Apple's futures is = 7100 *10 =
However, due to the fluctuation of futures prices, futures companies will add a certain percentage of margin on the basis of the minimum margin of the exchange, and the margin collected by investors in the transaction is actually higher than the margin standard of the exchange.
3. What is the handling fee for Apple Futures?
Since Zhengzhou Commodity Exchange raised the opening price and flat warehouse fee of apple futures, the transaction cost has increased. The handling fee is related to the interests of investors, and every investor hopes to realize spot trading through lower handling fee. However, the handling fee of futures is not infinitely low, but there is a unified standard. The handling fee is divided into opening fee and flat fee. The handling fee for apple futures stipulated by Zhengzhou Commodity Exchange is 5 yuan/lot. No matter the opening or closing, the charge is 5 yuan/lot. In other words, the handling fee of Apple futures is fixed, which has nothing to do with the futures contract price. However, many investors will worry that if they close their positions that day, the handling fee will be more expensive. In fact, there is no additional transaction cost. The handling fee for Apple's futures flat warehouse is the same as that for closing positions overnight, which is 5 yuan/hand.
For example, suppose investor Xiaoming predicts that the future market of Apple futures is good and wants to do Apple futures, then he needs to pay 5 yuan's handling fee when the first-hand Apple futures contract is opened and 5 yuan's handling fee when it is closed. A round-trip transaction needs to pay 5+5= 10 yuan.
I hope I can help you. Bian Xiao focuses on explaining the knowledge of futures and options trading, and provides a platform for investors to communicate. For better trading, welcome to pay attention!