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梦梦 · 2024年09月21日

关于合约一方做closing out

  1. FRM I
  2. Financial Markets And Products

NO.PZ2023091802000019

问题如下：

Suppose that on a particular day there are 3,000 trades in a futures contract. Of the buyers in those 3,000 trades, 1,800 were closing out positions and 1,200 were taking new positions. Of the sellers in those 3,000 trades, 1,400 were closing out positions and 1,600 were taking new positions. What is the change in open interest during the day? Does it increase or decrease?

解释：

The open interest goes down by 200. This is because there are 1,200 new long positions and 1,400 long positions are closed out (with short trades). Alternatively, there are 1,600 new short positions and 1,400 are closed out (with long trades).

老师，当合约有一方做off setting（close out）比如Along Bshort，B又当新对手方C的buyer，这是一种情况？还有一种情况是B当A的buyer？这种情况合约为0？还有别的情况吗？

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已采纳答案

pzqa27 · 2024年09月24日

嗨，爱思考的PZer你好：


buyer和seller来说有1400份合约是同时 close out的，同时close out就是合同到期的意思吧？

close out就是关闭合约的意思，这里是指平仓的意思，一般可以是到期前平仓，也可以是临近到期平仓，不过在这个题里不做区别。


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虽然现在很辛苦，但努力过的感觉真的很好，加油！

梦梦 · 2024年09月26日

好的，谢谢

pzqa27 · 2024年09月23日

嗨，爱思考的PZer你好：


这个跟场景没关系啊，用到的是讲义上的3句话。对于buyer和seller来说有1400份合约是同时 close out的，因此open interest 下降1400。 同时有1200份是同时 taking new position的，因此open interest 加1200。最后还有400份合约buyer是close，seller是take new position,那么open interest 不变。综合来看open interest 是下降200.

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就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

梦梦 · 2024年09月24日

我是想问，buyer和seller来说有1400份合约是同时 close out的，同时close out就是合同到期的意思吧？不是到期前提前终止？

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NO.PZ2023091802000019问题如下 Suppose thon aparticuly there are 3,000 tras in a futures contract. Of the buyers inthose 3,000 tras, 1,800 were closing out positions an1,200 were taking newpositions. Of the sellers in those 3,000 tras, 1,400 were closing outpositions an1,600 were taking new positions. Whis the change in openinterest ring the y? es it increase or crease? The open interest goes wn 200. This is because there are 1,200new long positions an1,400 long positions are closeout (with short tras).Alternatively, there are 1,600 new short positions an1,400 are closeout(with long tras). 为什么是wn呢？

2024-06-29 20:14 1 · 回答

NO.PZ2023091802000019 问题如下 Suppose thon aparticuly there are 3,000 tras in a futures contract. Of the buyers inthose 3,000 tras, 1,800 were closing out positions an1,200 were taking newpositions. Of the sellers in those 3,000 tras, 1,400 were closing outpositions an1,600 were taking new positions. Whis the change in openinterest ring the y? es it increase or crease? The open interest goes wn 200. This is because there are 1,200new long positions an1,400 long positions are closeout (with short tras).Alternatively, there are 1,600 new short positions an1,400 are closeout(with long tras). 求此道题目的解析，谢谢！

2023-10-19 15:17 2 · 回答