Generally speaking, natural persons cannot enter the delivery month. Although Shanghai stipulates that natural persons can enter the delivery month, it is conditional to enter the delivery month. It is necessary to adjust the positions to integer multiples, and adjust the positions of different varieties to corresponding integer multiples. After several adjustments, you can hold it for a few more days, but you need to close your position three days before the last trading day at the latest.
Extended data:
The last trading day of futures is 15 of the contract delivery month (postponed in case of legal holidays), and the last delivery day is five consecutive working days after the last trading day.
Commodity exchanges stipulate different contract months for each commodity futures. It varies from commodity to commodity, and generally depends on the habits of commodity harvest season and transportation period. The delivery month of metal raw materials is not seasonal, while the delivery month of agricultural and sideline products such as wheat is seasonal. Some commodity exchanges allow buyers and sellers or either party to deliver on any day of the delivery month. The same commodity futures contract can specify different delivery months, the latest month and the longest forward two years.
For example, an original palm oil futures contract of Kuala Lumpur Commodity Exchange in Malaysia agreed that the delivery date was l2, 1, 2, 3, 4, 5, 7, 9, 1 1 and other months. The expiration date of the futures contract of each month is 15 of that month. If 15 is not a trading day, the last trading day before 15 is the expiration date. Therefore, the futures contract of the same commodity has different prices due to different delivery months.
Baidu Encyclopedia-Delivery Month