When investing in futures, we must pay attention to the maturity time of futures. As the maturity month approaches, the exchange will generally adjust the margin, and the fluctuation of futures will change. So when the futures are about to expire, do they fluctuate?

Do futures fluctuate greatly when they are about to expire?

Generally speaking, the fluctuation of futures will increase when the delivery month approaches, but it will decrease when the futures enter the delivery month and begin to approach the delivery date. In addition, before entering the delivery month, individual investors should close their positions or be forced to close their positions by the exchange (except CICC), and only institutional investors can hold futures until the maturity date.

After the futures are approaching maturity, there is also a delivery date effect (generally referring to stock index futures). The so-called "delivery date effect" means that when the delivery date of a stock index futures contract approaches, the long and short parties involved in futures trading use various means to influence the futures and even the spot price in order to win the favorable contract delivery date price, resulting in a sharp fluctuation of the stock index.

The above is Bian Xiao's sharing, and I hope it will help everyone.