Luhunlu · 2022年03月16日
NO.PZ2020012001000024
问题如下：
Consider the situation where the cost of an asset to be purchased in the future is being hedged. What is the impact of a positive basis when the hedge is closed out?
选项：
解释：
The cost of the asset is the initial futures price plus the basis. A positive basis therefore worsens the hedger’s situation.
long方成本总是=X-基差，基差越大成本越低
NO.PZ2020012001000024问题如下Consir the situation where the cost of asset to purchasein the future is being hee Whis the impaof a positive basis when the hee is closeout?The cost of the asset is the initifutures priplus the basis. A positive basis therefore worsens the heer’s situation.老师好，有两个地方不太明白1、第一条红线不明白，题目说的是未来买现货，也就是现货借来卖，未来买回，怕价格上涨，所以是short spot ，long futures。然后colse out 时，short futures，收到卖出的期货现金流（Ft-F0）明白，但是不明白为什么买现货？2，这道题并不是说的是stettlement（到期交割/结算），而是close out，也就是期货未到期前做反向头寸中止期货。回答中的好多处表述是“到期日”这样说对吗？
NO.PZ2020012001000024 问题如下 Consir the situation where the cost of asset to purchasein the future is being hee Whis the impaof a positive basis when the hee is closeout? The cost of the asset is the initifutures priplus the basis. A positive basis therefore worsens the heer’s situation. 老师，是要对冲cost of asset to purchasein the future吗？在未来买这个asset 是用未来时点的现货价格买还是在现在时点用期货买？整个题干就没看明白，麻烦老师详细讲解下整道题，谢谢！
NO.PZ2020012001000024 his the impaof a positive basis when the hee is closeout? basis是正的的影响？
这道题是一个long future用的short hee ，strengthen basis会导致short hee 亏钱的意思么？
