Futures contracts are divided into different months, and each month's contract has a fixed expiration date. As the maturity date approaches, many investors will choose to close their positions, and some investors think that the current positions are in line with the market outlook and move their positions for the current month. So how do you move their positions for the month?

How to change positions for the moon?

Moving positions for the month refers to closing the positions held by future positions when the last trading day of futures approaches, and then opening positions in the same direction in distant months. The operation method is to close the position, close the expired monthly contract and open the distant monthly contract.

Futures trading should change positions for the moon. When futures are approaching the delivery date, the volatility will generally increase, and investors will face a greater risk of short positions. WTI crude oil futures in May 2020 is a good example.

Therefore, if investors feel that the current position is still in line with the development of the market outlook, they should move the position of the current month. Relatively speaking, at this time, the fluctuation of the far-month contract will generally be smaller.