未平倉合約
open interest
期貨交易收盤後未平倉的期貨契約單邊買或賣的數量。未平倉合約是期貨交易中特有的資料,它表達了商品現有在倉數量,某個角度來說也是商品走勢動能的資料。在買賣期指合約及期權合約時,買賣雙方之合約均會被計入未平倉合約數量內,而買賣完成後,投資者可等待原先的合約到期時,或者利用一張與之前相反策略的合約來結束責任,稱之為平倉。由於在期貨交易所中交易之合約會受到交易所之保障,買賣雙方在新開合約時便要存入一筆保證金,以確保責任得以履行,所以當投資者持有未平倉之數量愈大時,他所需要支付的保證金會愈高,而成本亦會高,所以若他相信後市與之前所預測的不同時,便會進行平倉。
After the close of outstanding futures trading futures contracts to buy or sell a unilateral number. Open futures contracts are unique to the information, which expresses the number of existing warehouse merchandise, commodity trend is a perspective kinetic data. Buying and selling futures contracts and options contracts, the buyers and sellers of the contracts will be counted in the number of open contracts, and after the sale is completed, investors can wait for when the original contract expires, or the use of a contrast with the previous policy the responsibility to end the contract, known as liquidated. Because futures contracts traded in the exchanges will be protected, the buyers and sellers in the new contract will be open to deposit a bond to ensure that the obligation to be fulfilled, so the greater the number of open positions held by investors when, he needs to pay the margin will be higher, and the cost will be high, so if he believes the market outlook before the predicted is not the same, it will be open.