[bookid=3032268,bookname=Amphibious Special Forces]

"You asked me to trade weather futures?"

The scalper, who has always been calm, was stunned!

"Yes, do you dare to go up?"

Qiao Zhi instigated.

In an instant, the scalper turned into a Red Bull!

Young people who don't have blood?

The scalper realized that his dream was about to come true, and his blood boiled in an instant, and his blood surged, and the little white face suddenly evolved into a red-faced Guan Gong.

"No limits?"

Scalpers need further corroboration.

"You can only buy, there is no limit to the rest! You can do your own in terms of quantity and price!"

Qiao Zhi explained the basic principles to the scalper, meaning that he told the new employee, who seemed to be excited, of the instructions that McKe had given him, as well as some of the detailed specifications he had drawn up himself.

"You will solve the transaction funds?"

"Naturally, this is the account number - all transactions are made with this account. ”

Qiao Zhi gave his account to the scalper.

"Yay!" the scalper shouted excitedly, and took it with trembling hands.

The dream of many years is about to come true in front of him, how can he be reluctant to help himself?

Then, with the most cautious order, he buys the one with the lowest price.

Finally there's movement!

Those weather futures holders who watched other agricultural and sideline products make money were suddenly excited!

It's all futures, why are you in short supply, and we don't care?

Why are you so crowded here, but we have so many people here?

Since there were only a handful of buyers, although the scalper had permission from Qiao Zhi to place orders on the terms of the price that went with the market, he did not use this method and used the fishing method.

This is to sit firmly on the Diaoyu Tai, and those who wish to take the bait!

He is his calmness, his wisdom!

While waiting for the fish to take the bait, the scalper introduced Qiao Zhi to the basic knowledge of weather futures.

Qiao Zhi is right to this piece, which is the Xiaobai of Xiaobai.

With the introduction of the scalper, Qiao Zhi gradually gained some understanding of this thing.

Weather futures, in the final analysis, are the same product as financial indices, and there is actually nothing substantial to support it, just a set of data.

Therefore, there is no limit to the number of contracts in weather futures, as long as someone buys it, it can be increased indefinitely!

Of course, this kind of purchase must be on the basis of a certain price, otherwise the increase in the contract amount will result in a lower price, which is tantamount to dismantling one's own platform.

No one does such a stupid thing!

Yes, there are no smart people to do it!

Of course, this does not include new contenders.

They're here to get a piece of the action, and of course it doesn't matter what level the price holds.

As long as it's greater than the cost, it's profitable!

Therefore, who can enter this market is a special right at work, and not everyone can enter it.

This weather future, which can also be called weather index futures, has two main futures products.

Both of these products are determined by something called the temperature index, which is used as a standard.

The temperature index is a measure of how much the average temperature of a day deviates from 65 degrees Fahrenheit, which is equivalent to 18.3 degrees Celsius.

The average daily temperature is the average of the daily maximum and minimum temperature between midnight at the beginning and midnight at the end.

For example, if the maximum temperature on a given day is 100 degrees Fahrenheit and the minimum temperature is 80 degrees Fahrenheit, then the average temperature for that day is 90 degrees Fahrenheit.

If you know the average daily temperature, you know the temperature index, because it is the average daily temperature minus a constant value, 65 degrees Fahrenheit, which is 25 degrees.

With the temperature index, the weather index contract price for the day comes out.

According to the rules of the futures exchange, the price of weather futures is the temperature index multiplied by $100.

So, the price of a contract on that day was $2,500.

The price in the example is only for one day, while the actual weather futures contract is a monthly contract.

Then the temperature index of a month is the simple addition of the temperature index of each day of the month.

Based on the data of this day, if this is the case every day for a month, it is necessary to add this 25 degrees 30 times in a row to get a total of 750 degrees.

This number, multiplied by $100, gives the contract price for the month to $75,000 each.

This is a price basis, and on this basis, the futures exchange has launched two main commodities.

One is the heating day index and the other is the cooling day index.

Both indices are based on 65 degrees Fahrenheit and measure whether the actual temperature is higher or lower than this standard.

If the actual temperature is high, the high temperature needs to be controlled, so any reading above 65 degrees Fahrenheit is the degree that needs to be controlled, which is the refrigeration day index.

In the example just now, if it is 25 degrees above the standard, then the refrigeration day index is 25 on that day, and 750 for that month.

The heating day index, on the other hand, measures the degree of coldness by comparing the average daily temperature to 65 degrees Fahrenheit, which is the index that needs to be heated.

The maximum number of the heating day index is 0, which means that the temperature on that day is 65 degrees Fahrenheit.

If the average daily temperature is 40 degrees Fahrenheit, then the heating day index is 25, and if the average daily temperature is 67 degrees Fahrenheit, then the heating day index is 0.

In the example above, if it is below the standard of 25 degrees every day, then the heating day index for that day is 25, and the month is 750.

The price of the two-month contract is the same, but the weather bought, on the contrary, one is hot and the other is cold.

While introducing, the scalper pointed to the electronic display board and told Qiao Zhi that the exchange in Chicago had different contracts for different months.

The contract month for which it launched the Heating Day Index is from October to March.

The contract month for the Cooling Day Index runs from May to August.

April and September have two-way month futures contracts.

Qiao Zhi now looks at the electronic display board, those dense weather futures data have become meaningful, he roughly calculated, there are about 10,000 contracts waiting to be sold!

But the price is higher than the one that the scalper bought just now!

According to Qiao Zhi's thoughts, eat it all fucking!

However, he motioned to the scalper, who shook his head and remained indifferent.

Since it was handed over to him, Qiao Zhi didn't care.

He still has agricultural and sideline products to worry about.

Suddenly, there was a change in weather futures, and a seller order for 500 contracts appeared, and the price was the same level as before!

Someone couldn't afford it and started to reduce the price!

The scalpers are waiting there, swallowing them in one bite!

After seeing the price reduction, the transaction was immediately successful, and the herd mentality played a big role in the hearts of those who were waiting, and immediately three or five companies followed!

They weren't originally in the same month, but the law of the market is the same, one wins, one loses, and they adopt the same magnitude of price reduction strategy!

At this time, scalpers are not in a hurry!

It's the sellers who are in a hurry.

A person can't hold his breath, on the basis of the price that has already been reduced, further reduce the price, at least get rid of it before others!

Scalpers eat it right away!

This kind of encouragement was immediate, and in an instant, the weather futures market was surging, and price reduction and competition became a trend!

[bookid=3032268,bookname=Amphibious Special Forces]