Today's lithium carbonate ** simply subverts my cognition, not because it has a limit, according to the 2401 contract limit 95600, the option 2401 contract on the last trading day, the 96000 strike price is logically speaking, it is an imaginary value anyway, according to the normal theory, it needs to be returned to 0, but the figure below shows that the last ** is still to 4170. I couldn't figure out how much difference there could be between what I learned in books and what I learned in reality.
I saw the exercise price of 96,000 in the morning, and it was about 1,000, and I was still telling my friends during the lunch break that it was a proper 1,000 point profit to short call options, but in the afternoon, the market was more fierce after the opening of the market, and I thought about it for only one reason.
LC2041 contract first lithium carbonate has experienced a trend of several months, and the bears can be said to have won completely, which depends on the status recognized by everyone, but the huge disk shorts, the liquidation needs to be closed, and the disk will be pulled up, due to the ** contract limit, and it is the full contract limit. For the bears who want to close the position, they can't close it, and all their goals are aimed at options.
Through a large number of call options to hedge the dead end of short orders can not be closed, so that even out-of-the-money options are pulled to the sky, because ** call options can be exercised and converted into long orders of lithium carbonate, even if they need to pay a price of more than 4,000 points. Not only the strike price of 96000, in fact, the settlement price of LC01 contract today is only 93750, and all options with a strike price of 94000 and 95000 are out-of-the-money options, and they all pay extremely high premiums in exchange for LC's long orders. Exercise an out-of-the-money option in exchange for a ** position.
From this point of view, it shows that the market and the main funds have relatively large expectations for the future market of lithium carbonate, because this way of buying options, especially the exercise of out-of-the-money options for ** positions, can be said to be only professional institutions know how to use, and they may have relatively short positions in their hands before, which will be so. All the friends who have free orders need to leave the venue appropriately.
Let's wait and see how the market is tomorrow, I hope that friends who don't have positions in their hands, try to avoid it, the current state of LC is very extreme, to avoid accidental injury, and the situation of doomsday theory is also rare, at least I saw it for the first time in these 10 years, and I still advise everyone not to play doomsday as much as possible. Friends who need to consult are welcome to contact. Lithium carbonate**
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