Futures trading contract
call out
There are many heads
, sell
Stock index futures contract
Those who say it's short. Bulls believe that the price of stock index futures contracts
Afternoon trading
Will go up, so I will buy it; On the contrary, bears think that the current price of stock index futures contracts is high and will fall in the future, so they sell them. Please note that in
stock market
In fact, buyers are also called bulls and sellers are also called bears. However, in
Buying and selling stocks
Yes,
seller
You must have stocks to sell, and people without stocks can't sell them. But it is different in stock index futures trading, and there is no corresponding relationship.
A basket/basket
Stocks can also sell futures contracts. The difference between the two
nature
Shangshi
spot goods
The difference between futures and futures. Stock index futures contracts are formulated by futures exchanges.
Standardized contract
In theory.
Long side and short side
You can expand your position indefinitely.
In stock index futures trading, whether buying or selling, it is innovation.
financial market
All calls
Open position
Businessman
After opening a position, you hold a position in your hand, which is called holding a position. but
Clearance/liquidation
Refers to traders closing positions.
Trading behavior
The solution is to hedge the position in the opposite direction.
trade
. Since opening and closing have different meanings, traders must specify whether to open or close a stock index futures contract. That is to say: buy and open positions, hold long positions and sell and close positions; Sell and open positions, hold short positions and buy and close positions.
Futures trading is a "daily debt-free settlement system". After the day's trading, the futures exchange will
treaty
about
settlement price
carry out calculations
wax and wane
Profit transfer, loss transfer.
forward business
account
Calculation, profit and loss calculation,
right
Calculate,
cash deposit
Calculation and fund balance are the four most basic contents.
According to the time of opening and closing positions, the calculation of profit and loss can be divided into the following four types: opening positions today and closing positions today; Close the position and turn it into a position after opening the position today; The positions of the previous trading day were closed today; The positions held on the previous trading day are held today. Various calculation methods are as follows:
If you open a position today and close it today, calculate the transaction price difference;
If the position is not open today, calculate the difference between the settlement price and the opening price today;
If the position of the previous trading day is closed today, the difference between its closing price and the settlement price of the previous trading day shall be calculated;
If the position held in the previous trading day is held today, the difference between the settlement price of the current day and the settlement price of the previous trading day shall be calculated.
When calculating the price difference, be careful not to make a mistake in the direction of buying and selling.
For example, the customer is somewhere.
Futures brokerage company
After opening an account
Deposits received
5 million yuan
August 1
Open position and buy 0803
Shanghai and Shenzhen 300 index futures contracts
10 lot, the transaction price is 5000 points (300 yuan per point). On that day, the customer sold 5 futures contracts of Shanghai and Shenzhen 300 Index, with a transaction price of 5050 points.
Today's settlement price
Suppose it's 5030.
edge
This ratio is 8%,
service charge
For unilateral 80 yuan, the customer's account is as follows:
Profit and loss of liquidation on that day =(5050-5000)×5×300 = 75000 yuan.
Profit and loss of opening positions on that day = (5030-5000) × (10-5 )× 300 = 45,000 yuan.
Profit and loss of the day
= 75,000+45,000 =120,000 yuan
Handling fee = 80 yuan × 15= 1200 yuan.
Japanese right = 5 million+120,000-1, 200 = 5 1 18800 yuan.
Margin occupation = 5030× 5× 300× 8% = 603,600 yuan (note: after profit and loss settlement, the margin is calculated according to the settlement price of the day instead of the opening price).
Fund balance (i.e. tradable funds) = 5 1 1.88 million-603,600 = 45 1.52 million yuan.