What does the futures strike price 105-08 mean?
The strike price of futures 105-08 refers to the underlying asset price of futures contracts. Where 105 represents the integer part of the underlying assets of the contract, and 08 represents the decimal part. In futures trading, the execution price refers to the delivery price of the underlying assets when the contract agreed by the buyer and the seller expires, also known as the delivery price. Taking 105-08 as an example, it means that the delivery price of the underlying assets is 105.08 yuan when the contract expires. The purpose of futures trading is to speculate or hedge the risk of price fluctuation of underlying assets by buying and selling futures contracts. Therefore, the futures strike price 105-08 means the underlying asset price of the futures contract.