contango day

简明释义

帐期日［股票交易］

英英释义

例句

1.During a contango day, rolling over futures contracts can be more expensive.

在顺期日，续约期货合约可能会更昂贵。

2.A contango day can indicate an oversupply of commodities in the market.

一个顺期日可能表明市场上商品供应过剩。

3.Traders adjust their strategies on a contango day to capitalize on the price differences.

交易者在顺期日调整他们的策略，以利用价格差异。

4.Investors might prefer short positions on a contango day to hedge against potential losses.

投资者可能会在顺期日偏向于做空，以对冲潜在损失。

5.On a contango day, investors often see the futures prices higher than the spot prices.

在顺期日，投资者通常会看到期货价格高于现货价格。

作文

In the world of finance and trading, various terms and concepts are crucial for understanding market dynamics. One such term is contango day, which refers to a specific situation in futures markets where the futures prices of a commodity are higher than the spot price. This phenomenon often occurs in markets where the cost of carrying an asset, including storage and financing costs, is significant. Understanding contango day can help traders and investors make informed decisions about their investments.On a contango day, traders may notice that the futures contracts for a commodity, say crude oil, are priced higher than the current market price of crude oil itself. For instance, if the spot price of crude oil is $70 per barrel, but the futures contract for delivery in six months is priced at $75 per barrel, this indicates a contango situation. The difference in prices reflects the costs associated with holding the physical commodity until the future delivery date.The implications of a contango day can vary based on the strategies employed by traders. For those who engage in hedging, this can be a beneficial scenario. Hedgers, such as producers or consumers of commodities, may lock in prices to protect themselves against future price fluctuations. In this case, a contango day allows them to secure a higher selling price in the future while managing risks associated with price volatility.On the other hand, speculators might view a contango day as an opportunity to profit from the price differences. They may choose to sell futures contracts at higher prices while buying the underlying asset at the lower spot price. However, speculating in a contango market requires careful analysis, as the market can shift quickly, and unexpected events can alter supply and demand dynamics.Moreover, contango day can also affect exchange-traded funds (ETFs) that track commodities. Many ETFs use futures contracts to gain exposure to the underlying asset. When a contango day occurs, these funds may experience a decline in performance due to the costs associated with rolling over futures contracts. As contracts near expiration, the fund must sell the expiring contract and buy a new one at a higher price, leading to what is known as negative roll yield. This can be particularly detrimental for long-term investors relying on these funds for consistent returns.In conclusion, understanding the concept of contango day is essential for anyone involved in trading commodities or futures. It highlights the relationship between spot prices and futures prices, providing insights into market expectations and potential risks. Whether one is a hedger looking to mitigate risk or a speculator aiming to capitalize on price movements, being aware of contango day and its implications can lead to more strategic decision-making in the financial markets. By grasping this concept, traders can better navigate the complexities of the futures market and enhance their investment strategies.

在金融和交易的世界中，许多术语和概念对于理解市场动态至关重要。其中一个术语是contango day，它指的是期货市场的一种特定情况，在这种情况下，商品的期货价格高于现货价格。这种现象通常发生在持有资产的成本，包括储存和融资成本，较高的市场中。理解contango day可以帮助交易者和投资者做出明智的投资决策。在contango day，交易者可能会注意到某种商品的期货合约，例如原油，其价格高于原油本身的当前市场价格。例如，如果原油的现货价格为每桶70美元，但六个月后交割的期货合约价格为每桶75美元，这表明存在一个顺期市场。价格差异反映了在未来交付日期之前持有实际商品的成本。contango day的影响可能因交易者采用的策略而异。对于那些进行对冲的交易者来说，这可能是一个有利的情境。对冲者，例如商品的生产者或消费者，可以锁定价格，以保护自己免受未来价格波动的影响。在这种情况下，contango day使他们能够以更高的销售价格在未来获得收益，同时管理与价格波动相关的风险。另一方面，投机者可能将contango day视为从价格差异中获利的机会。他们可能选择以较高的价格出售期货合约，同时以较低的现货价格购买基础资产。然而，在顺期市场中进行投机需要仔细分析，因为市场可能迅速变化，意外事件可能改变供需动态。此外，contango day还可能影响跟踪商品的交易所交易基金（ETF）。许多ETF使用期货合约来获得对基础资产的敞口。当发生contango day时，这些基金可能由于滚动期货合约的相关成本而表现不佳。随着合约接近到期，基金必须以较高的价格出售即将到期的合约并购买新的合约，从而导致所谓的负滚动收益。这对于依赖这些基金获得稳定回报的长期投资者尤其有害。总之，理解contango day的概念对于任何参与商品或期货交易的人来说都是至关重要的。它突出了现货价格和期货价格之间的关系，提供了对市场预期和潜在风险的洞察。无论是希望减轻风险的对冲者，还是希望利用价格波动的投机者，了解contango day及其影响都可以带来更具战略性的金融市场决策。通过掌握这一概念，交易者可以更好地驾驭期货市场的复杂性，并增强他们的投资策略。