(1) Adhere to the principle of "equality and relative". "Equality" means that the commodities traded in the futures market must be the same as those traded in the spot market in terms of types or related quantities. "Relative" refers to the opposite buying and selling behavior in two markets, such as buying in the spot market, selling in the futures market and vice versa;

(2) Spot transactions with certain risks should be selected for hedging. If the market price is relatively stable, there is no need to hedge, and the hedging transaction needs a certain fee;

(3) Comparing the net risk amount with the hedging cost, and finally determining whether to hedge;

(4) According to the short-term price trend forecast, calculate the expected change of basis (that is, the difference between spot price and futures price), make the timing plan for entering and leaving the futures market, and implement futures hedging.

Commodity futures arbitrage trading mode 1: spot arbitrage

At present, arbitrage is an act of arbitrage by using the unreasonable price difference between the futures market and the spot market of the same commodity.

Commodity futures arbitrage trading mode 2: intertemporal arbitrage

Intertemporal arbitrage is an operation mode in which the same number of trading positions with opposite directions are established in different contract months of the same futures product by observing the fluctuation of the spread between futures and contracts, and the trading is ended through hedging or delivery. When listing, the price difference is negative, which means the far-month premium; when listing, the price difference is positive, which means the near-month premium. Generally speaking, the price difference (absolute value) consists of holding cost (or position fee). Holding cost refers to the storage fee, insurance premium and interest paid by owning or holding warehouse receipts or positions.

Commodity futures arbitrage trading mode 3: cross-market arbitrage

Cross-market arbitrage refers to arbitrage transactions between different markets. These two kinds need to be traded in different markets and different rugged conditions, which is difficult to operate, so it is difficult to trade. This arbitrage can be carried out in the spot market and futures market, and also between foreign exchange, including domestic foreign exchange and foreign foreign exchange.

Commodity futures arbitrage trading mode 4: cross-species arbitrage

Cross-variety arbitrage should be carried out between different commodity varieties. After buying a variety in a certain month, you should sell the related variety in the delivery month to hedge these two activities. Need to understand the relationship between these two varieties.

Seeing this, everyone should know the hedging strategy of futures and want to know more about investment knowledge. Welcome to pay attention to us!