VI.10. Examples of futures trading.

Let’s look at a number of examples on futures trading. Please note that after 02/24/12, a number of changes were made to the futures of the Moscow Exchanges, which must be taken into account when choosing trading strategies.

Example No. 1. Brent oil futures (see Figure 133).

Let’s go to the Mosbirzhi website www.moex.com à Derivatives à Instruments à Commodity section à Oil à BR7-22. In Fig.133 we see that the currency of this index is $, the value on 07.06.22 is $119.67. GP 24,760 rubles.

Open the QUICK trading terminal and in the “Current Trades” window, right-click and select Edit Table. Let’s choose the FORTS futures section à BRN2. Double-click on the line that appears in the “Current Trades” window to open the glass window. Click the right mouse button inside the glasses window and select “Plot a graph”. Let’s set the daily interval for the chart (1 candle – 1 day).

Figure 133. BRENT oil futures.

Figure 134. Brent oil futures chart.

To buy 1 futures, we need to have an amount in the account not less than the stated amount, i.e. about 30,000 rubles for the purchase of 1 futures. Next, let’s study the graph in Fig.134 and the glass. Usually, in a glass, we can see orders concentrating in the area of the current price, because it may be a good idea to participate in trading using price fluctuations. According to the chart, there is a clearly pronounced uptrend. We chose the July futures with maturity on 01.07.22. If we expect that oil will rise in price before the specified date, it would be a good idea to buy the futures now and sell it before the maturity date. If we expect that the price increase will continue further, then we will need to buy futures with the desired maturity period, for example, the October one. It is also clearly visible from the chart that the price fluctuates on the stack in increments of $ 5, which can be used to create trading strategies. Actually, to buy, we recommend watching the glass and buying at the minimum of the daily wave of price fluctuations.

Example #2. Futures on Gazprom JSC shares.

We will also go to the Mosbirzhi website –> Derivatives –> Instruments –> Stock Section –> Stock Futures –> GAZR-9.22 (see Figure 135).

Figure 135. Information about the futures for Gazprom JSC shares.

We see that 1 futures includes 100 shares, its price at the moment is 26,557 rubles, the required amount is 9,601 rubles. That is, we throw at least 12,015 thousand rubles into the account. The short code of this futures is GZU2, and we will look for it in QUICK.

We go to QUICK. In the “Current trades” window, right-click and select “Edit table”. Next, select FORTS: futures and select GZU2, click Yes. Next, we will open the price change chart for this futures (see the example above). Let’s turn on the display of daily candlesticks (see Fig. 136).

Figure 136. Chart of the price of Gazprom JSC futures.

According to the chart, the price is in flat, fluctuating in the corridor with an amplitude of 5000 rubles. If you think that the value of shares will rise in the future (and this may be during periods of buying shares to receive dividends), then it is a good idea to buy the appropriate futures. We have this futures with execution on 16.09.22, and you need to buy shares to receive dividends before 18.07.22, i.e. you can trade this futures for a given purpose. Thus, futures trading, with the exception of a number of features, is very similar to trading any other instrument. However, this type of tools requires increased care when monitoring the level of GO. If you have the full amount to buy futures, then it may be more appropriate to buy shares, because they allow you to stay in a position for a long time.

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