In futures trading, "moving positions to another month" is a strategy. The core is to close the current contract that is close to delivery, and at the same time buy or sell the contract of the next active month to keep the position stable. Change. For example, for the main contract 1809 in crude oil futures, if investors are approaching August delivery on August 10, they should close their positions before August 21. At this time, the margin will increase and the trading time will be limited. If you do not want to end your position, you can choose to switch to the new main contract to cope with the rule changes.

In the futures market, a phenomenon is sometimes observed: the trading volume of the forward contract exceeds that of the main contract, and the position of the main contract decreases. This is the embodiment of the position shifting process. This phenomenon stems from two main factors: first, futures contracts have a last trading day, and investors need to deal with non-delivery positions before that; second, as the delivery date approaches, the exchange will increase the margin requirements for the contracts approaching delivery, and investment In order to reduce costs, investors will tend to adjust funds to forward contracts.

In short, moving positions to another month is an important strategy in futures trading to cope with changes in delivery rules and costs. Investors need to make decisions based on market dynamics and their own position management.