"Moving the warehouse for the month" means closing the original futures contract near the delivery month, and at the same time buying and selling the most active contract in the next month to establish a new futures contract position. Under normal circumstances, the purpose of moving the warehouse to change the month is to keep the number of contracts unchanged and the direction of buying and selling unchanged.

For 1809, the main force of crude oil futures, at present, August 10 is the month before the delivery month, and individual investors need to close their positions before the market closes on August 2 1, which means not only to increase the margin, but also the transaction will not last for several days. If you don't want to end future positions, you can change to a new main contract.

There will be a short-lived phenomenon in the futures market. The trading volume of forward contracts with small positions is greater than that of main contracts, and the forward contracts increase positions and the main contracts reduce positions. This phenomenon appeared when the warehouse moved.

Extended data relocation is based on the following considerations:

① Futures contracts have the last trading day.

According to the regulations of the exchange, investors must close all positions that do not participate in delivery before the closing of the last trading day. For details, please refer to: Summary: Personal futures positions need to be cautious! There are position restrictions near the delivery month and the delivery month!

(2) As the delivery date approaches, the margin of the exchange will gradually increase.

In order to improve the efficiency of capital utilization, investors do not want the margin of the transaction to be too high, so they are more willing to gradually adjust their funds to the forward contract with lower margin during the transaction.

Phoenix. Com- the main futures contract began to move positions, change months and leave on rallies.