2. The copper price opened lower and went higher yesterday. Due to the fall of the external price during the Mid-Autumn Festival, the main contract price opened at 67,650 yuan/ton, but the domestic price was relatively firm, and the price quickly rebounded above 68,500 yuan/ton, and the night price was running at 69,000. COMEX copper, as of September 23rd, the overnight price of COMEX copper was USD 4.2245/lb, up by 2.39%. COMEX copper fluctuated at a high level due to the expectation of interest rate increase at the FOMC meeting.
3. Since the beginning of September, the total trading volume of COMEX copper options has been 40 17 1, with an average daily turnover of 2,869, higher than the previous value; The total position of the latest option is 75 176, an increase of 199 10 or 36.0% compared with last month. Among them, the contract positions in June 5438+February were 27878, up 44.4% from the previous month. The most active position is a call option with an exercise price of 5.00, with 2306 positions.
4. On the whole, the current P/B ratio of COMEX copper options is 0.22, up 0.02 from the previous month. The current value of volume PCR is 0.38, and both positions and volume PCR have increased compared with the previous period. However, the position PCR is at a low level, and the volume PCR is more obvious than the previous period. At present, the overall investor sentiment remains neutral.
5. From the distribution of positions, at present, the maximum position of COMEX Copper September contract call option is 4.74, the position is 1 136, the maximum position of put option is 4.00, and the position is 734. Generally speaking, the maximum position of call option can be regarded as the target pressure position that most option investors think, and the maximum position of put option can be regarded as the target support position that most option investors think. Therefore, it can be preliminarily judged that the copper pressure level of COMEX is around 4.74 and the support level is around 4.00.
1. Copper futures trading in the New York Mercantile Exchange is generally high-grade electrolytic copper, but other quality copper, such as smelting, can also be delivered after conversion. In addition, COMEX also trades copper options. Delivery grade: 1 electrolytic copper; Transaction unit: 25,000 pounds; Quotation method: cents per pound; Minimum price change: 0.05 cents/pound; Stop board every day: 20 cents per pound; Contract month: 1, March, May, July, September, 65438+February, within 3 consecutive months and 23 months.
2. American copper futures. There are four major copper futures exchanges in the world: London Metal Exchange (LME), Shanghai Futures Exchange (SHFE), the New York Mercantile Exchange Group and Indian MCX Exchange. Among them, LME and COMEX both trade copper futures options. American copper futures is a copper futures contract listed in the New York Mercantile Exchange, also known as "American refined copper". COMEX copper futures contracts are traded in pounds and quoted in cents. COMEX is the third largest copper futures exchange in the world, and the COMEX copper futures option was launched on 1988.