1. Changes in trading activity The stock index delivery date often leads to an increase in trading activity. Before the delivery date, traders will choose whether to exercise the option contract according to the market trend and their own judgment, so as to conduct corresponding trading operations. This behavior will lead to an increase in trading volume and market volatility. The increase of trading activity may bring more trading opportunities, but it also increases investment risks.
2. The fluctuation of the basic stock price. The delivery date of the stock index will also have a certain impact on the fluctuation of the underlying stock price. Before the delivery date, the option holder will make corresponding decisions according to the difference between the exercise price and the market price of the option. If there is a big gap between the underlying stock price and the exercise price of the option, the option holder may choose to exercise, thus causing a lot of buying or selling operations. This behavior may have a significant impact on the underlying stock price and aggravate market volatility.
3. Adjustment of trading strategy The stock index delivery date will also prompt traders to adjust their trading strategies. Before the delivery date, traders will adjust their trading strategies according to the expiration date of the contract and the market trend. Some traders may choose to close their positions before the delivery date to avoid the uncertainty brought by the delivery date. Other traders may choose to operate on the delivery date, looking for trading opportunities brought by the delivery date. The adjustment of trading strategy may produce different effects, and the specific effect depends on the judgment and decision-making ability of traders.
To sum up, the stock index delivery date has a certain impact on the stock market. The delivery date will bring about the improvement of trading activity, the fluctuation of the underlying stock price and the adjustment of trading strategy. The market situation around the delivery date may become more volatile and uncertain, and investors need to make corresponding investment decisions according to their own risk tolerance and market judgment. In the special period of delivery date, investors should pay close attention to market dynamics, flexibly adjust trading strategies, reduce risks and look for investment opportunities.