Stock index futures can only be delivered in cash, and the settlement price is the arithmetic average price of the spot price in the last two hours of the last trading day. Therefore:

(1) If investors predict that the settlement price of delivery is favorable to them, they will still choose delivery.

It should be noted that if the position is closed directly, normal transaction fees will be charged. If you choose delivery, you will charge a delivery fee, which is several times the transaction fee.