1. Close position: you can choose to close position before the delivery month, and buy or sell the futures contract you hold. This can avoid physical delivery or cash settlement caused by delivery.
2. Delivery: If you choose not to open a position, but want to make delivery, you need to make physical delivery or cash settlement according to the delivery rules stipulated by the Exchange. This usually involves cash or physical delivery, and the specific operating procedures and detailed rules need to refer to the exchange and contract provisions.
3. Rolling positions: If you don't want spot delivery, but you don't want to close the position, you can choose rolling positions to close the futures contract that is about to expire, and at the same time open a new futures contract to extend the holding period. This can avoid physical delivery or cash settlement brought by delivery, and can also continue the investment position.