Bian Xiao can definitely answer: No! Ah, by the way, the income mentioned here does not consider futures commission ~
Futures clearing instruction
(1) In the absence of historical positions, all four futures exchanges will close their positions in the order of opening positions, that is, the futures accounts will be closed first on the same day, which will not affect the returns of futures accounts.
(2) When there are historical positions, the futures exchange is slightly different, but it still does not affect the income of futures accounts.
(1) Shanghai Futures Exchange: At present, there are only all closed orders, so when trading the futures products of the previous period, investors can choose to close their positions (new positions) or close their old positions first. Whether it is a new warehouse or an old warehouse, it still follows the principle of opening the warehouse first and then closing the position.
② Dashang Institute, Zhengshang Institute and CICC: These three exchanges have no liquidation instructions, so they can only close their old positions by default.
Give a chestnut
Watermelon Jun has been trading a non-futures contract for the last two days. Details of the transaction are as follows:
Spicy, the question is: If Watermelon Jun closes his position at this time, which hand is flat?
Before liquidation, Watermelon Jun held two old warehouses No.9 and a new warehouse No.0/kloc-0. As mentioned above, Da, Zheng and Zhong can only level the old warehouses first, and both old warehouses should be leveled first. Therefore, Watermelon Jun's hand in closing positions at 10 can only be the old warehouse of 3750 on the 9th, neither the old warehouse of 3700 opened after the 9th nor the new warehouse of 10.
Closing sequence and account income
As can be seen from the above, when the futures are closed, it is not that we want to draw ~
therefore
Move a small bench and listen to Bian Xiao's detailed explanation ~ ~
All right, let's eat something, shall we?
After reading Watermelon Jun's trading, and reviewing the above liquidation rules, we can know that Watermelon Jun leveled the hand of 1257 first, and then the remaining average opening price became (1 272+12865438+).
result
It can be concluded that the difference between the opening price and the flat warehouse receipt will lead to the difference in the average opening price, but the same contract in the same direction, which is tied first, has no effect on the futures account income. Rest assured! By the way, the income here does not consider the handling fee ~ ~
Here we need to pay attention to the difference between the average opening price and the average holding price.
Average opening price: the average price calculated by dividing the transaction price at the time of opening by the number of lots.
Average position price: the average price calculated by dividing the settlement price of the previous trading day by the number of lots (since the settlement price of each position in the same contract is the same, the average position price is equal to the settlement price of the previous trading day).