Selling bearish or bullish is the most important choice. Whether the seller holds a futures contract long or short. If it is a long position, it is a call option, and a short position is a put option. If the buyer of the option is buying, it depends on whether the xx option is the seller or the xx option is sold.
For example, if you are a soybean futures contract in September, the short contract price is 3000 yuan per ton. If you expect soybean futures prices to rise in the future, you will sell put options. If I expect the soybean futures contract to fall in the future, I will pay you 50 tons of royalties to buy your soybean futures contract. After a while, the soybean futures contract rose to 3 1 1 in September. 0 yuan: If I exercise my rights per ton, I will be short in the futures market and lose 1 10 yuan per ton, so I can't lose 50 yuan's commission per ton. You earned my royalties and then closed your position. 60 yuan can reduce your loss for every meal.
You are now a soybean futures forward contract in September, and the contract price is 3000 yuan per ton. You expect soybean futures prices to fall in the future, and you will sell call options. I predict that the soybean futures contract will rise in the future, and I am willing to pay you the royalty per ton of 50 yuan to buy your soybean futures contract. After a while, the soybean futures contract rose to 3890 yuan per ton in September. If I exercise my rights. I will be a long position in the futures market, losing 1 10 yuan per ton, so I exercise my right to lose 50 yuan's commission per ton, you earn my commission, and then you lose * * * after closing the position, and lose 60 yuan per ton.