Category: Money Tips Date: 2006-04-17
"Limit-of the 0612 contract!" Xiao Xu jumped up excitedly. 14:30,0612 contract in the afternoon after 10 minutes of fusing point of the test after the 1874 price, or limit release to 1944.8 points, then, a little test a low point in 1912, the 0612 contract rushed directly limit-1944.8 points.
"You can not add store bought." Every time limit-opens, Xiao Xu is still kept in large single-buying, and linked in the limit-sell the flat near the warehouse receipts, Qian Duoduo discovered the situation, quickly stepped forward to stop. "Why not buy?" Xiao Xu a little impatient. "You do not see the spot price was 1780 points, futures prices have reached 1940 points at the top of it? Spread 160 points, ah!" Said Qian Duoduo. "I judge the Shanghai Composite Index to break 2245 points, will it be possible after the dark pieces of a callback, so buying there is no Cuoa!" Xiao Xu speaking seems quite reasonable.
Strong futures prices rose yesterday after the Shanghai side of the medium-term in determinedly news came, another 65-point fuse short account in 1874 after the price broke through the warehouse explosion. In determinedly feedback information indicates that there are still many investors in the vicinity of 1940-point limit-price buying, ideas are similar, and Xiao Xu. "Stock Index Futures are the characteristics of forced convergence near the Closing Date, the futures prices will move closer to the spot," Qian Duoduo said, "even if you is correct, the Shanghai Composite Index broke the 2245 points after the callback, and now only a point from the 2245 80 points to 2245 points, the estimated time, Shanghai and Shenzhen 300 index near about 1850, and the 90-point difference between futures prices. Moreover, the 0612 contract next Friday (December 15) requires delivery of. "
According to relevant rules of stock index futures, Shanghai and Shenzhen 300 index closing day of the third Friday of each month, 12 on 1 and 8, respectively, the first and second Friday, December 15 for the 0612 contract Closing Date. "The third Friday I'd remember, but I ignored the December 1 is the first one Friday, I thought delivery in December 22 yet." Xiao Xu finally wake up. "You bought in 1940 points, 0612 contract only nine trading days left, and also said that until the Shanghai and Shenzhen 300 Index rose to near 1940 when the Shanghai Composite Index almost to 2400 points, I think 2245 points total that there is shock, right? "Qian Duoduo analysis.
According to Qian Duoduo judgments, the futures index points in 1940 above the limited space. If you are buying, nine trading days later, the Shanghai and Shenzhen 300 even further go up 100 points to 1880 points, the cash settlement in accordance with the rules, long a loss of 60 points will remain. If someone holds a hand over a single 10, then the losses will reach 180,000 yuan. "Your analysis makes sense, I am short tomorrow, and by the way so the period of the current arbitrage, it is a good profit." Xiao Xu Qian Duoduo the analysis of the treasure.
"If Having said that, to the spot when the event broke the 2500 points? How do you do?" Qianduo Duo said, "The current spot price movements, so strong, what conditions are likely to occur, so my advice is: have proper control of short position, not like today, like the 65 accounts have been tumbled position. "
Note: The settlement price for futures trading the last hour weighted average price, expiration date for the spot market, the arithmetic average price of the last two hours.
