According to the professional explanation in the market, stock index futures generally refer to stock price index futures, but the simplest name is futures index, which is generally a standardized futures contract with the stock price index of the stock market as the subject matter, that is to say, it is a standardized contract like other futures. Then it has the following characteristics: first, both parties need to agree on a specific time. Second, both sides also need to determine the size of the stock price index in advance. Third, when buyers and sellers buy and sell the underlying index, they also need to settle the difference in cash.
For the understanding of stock index futures against the market, against the market can also be called spot premium. Thus, it is a market phenomenon that the spot price is higher than the futures price, and then the basis difference between them is positive. It is also necessary to pay attention to its content here, that is, for the reverse market, as time goes by, its spot price and futures price will converge gradually in the delivery month, just like the forward market.
For the relevant characteristics of the reverse market, we have summarized several points here: First, when the demand in this market is far greater than the supply, and the spot price is higher than the term loan price, if the recent contract price rises more than the forward contract price, we investors can generally enter the market to make a beef break. Second, but we should know that the profit potential of the bull spread in the reverse market is huge, but the risk is limited. Third, bear market arbitrage is to sell short-term contracts and buy long-term contracts, whether in reverse or forward markets.
According to the market, there are two main reasons why stock index futures are against the market: First, people in the society were too eager for the spot at that time, and they were willing to bear it no matter how high the price was. The result of these actions is that the spot price has risen sharply, and the contract price has also risen in recent months, while the price in the forward month is relatively stable due to the forecast of a large increase in future supply. In fact, people's demand is predicted in the market, and finally it is concluded that the supply of this commodity will increase greatly in the future. These reasons are prompting