Futures speculation is equal to (trading volume plus positions plus price fluctuation) divided by 3. According to Sohu. Com, the degree of futures speculation is equal to (trading volume plus open position plus price fluctuation) divided by 3, in which the trading volume can be calculated by counting the trading volume in a period of time, the open position can be calculated by counting the number of futures contracts, and the price fluctuation can be measured by calculating the standard deviation of futures contract prices.