Analysis:

Some time ago, because a gentleman in the London metal futures market predicted that the copper price would fall, he sold short in LEC (called short selling in the futures market means that an investor expects the price of a product to fall, so he borrows the spot from other investments in the market and sells it, then buys the spot in cash in the futures market and returns it to others when the contract expires). (Check that the supply and demand of copper in the international market in June 5438+ 10 is basically a balance between supply and demand, and it is acceptable to predict the decline of copper prices in the futures market. But the problem is that the copper price in the futures market has not fallen, but has risen (which involves some political factors). This result will make this gentleman lose a lot of money (on the butterfly chart, this loss is endless, the higher the price, the higher the loss, and the bottomless pit).

Futures options are not my major, but I assume that if the State Reserve Bureau can have two strategies to hedge risks, one is to short copper futures again before February 2 1, and the other is hypothesis, which I don't think should be discussed here. The first strategy is that the State Reserve Bureau will take the initiative in the metal futures market, but the timing of this method is very, very important.

I very much hope that the State Reserve Bureau can win this sniper battle and take the initiative in the futures market. At present, as long as the spot is sufficient, the odds are still relatively large. Now we have to wait and see the price result of LEC February 65438 copper futures 2 1.