When opening an account, if it is a private account, it is not allowed to open a set of policyholders, so it is decided not to participate in the delivery. Under normal circumstances, your position cannot enter the delivery month. In the delivery month, the futures company will remind you to automatically close your position, or increase your position margin to force you to automatically close your position. The position margin in the delivery month can generally reach 34% or higher. If the position is not closed by the final delivery date, individual speculators will be forced to close their positions at the settlement price of that day.

Futures can of course be delivered in kind. The purpose of making a single order for futures is itself a way to own physical objects. Like the original crude oil futures, why is there a negative price? It is because of the futures delivery date. If the goods are not delivered on the same day, the crude oil must be taken away.

However, it should be noted here that futures delivery must be a legal person futures account in order to make physical delivery of futures. Generally speaking, when we open an account, it is a personal account, and personal accounts cannot be used for physical delivery of futures.