In the futures or options market, open contracts refer to the number of "open" contracts bought or sold unilaterally at the end of the day. A futures contract is "terminated" because the contract expires, the goods are delivered, or the responsibility is terminated by reverse operation, which is called liquidation. The option contract can be "terminated" due to the expiration of the contract, the holder's exercise of rights or the termination of liability through reverse operation. Open contracts are one of the important reference data for analyzing futures and options markets.