Stock market mein jab cash aur futures ki keemat ek ho jaati hai expiry date pe, usko kya kehte hain? 📈🤝 Option: Cash-futures convergence, Spot-futures parity, Futures convergence, Arbitrage equilibrium

**Cash-futures convergence** ka matlab hai jab stock ka: - **Futures contract** ka price - **Cash market** ka price Dono **expiry** pe ek ho jaate hain. Ye **arbitrage** ki wajah se hota hai. - Traders price differences ka fayda uthate hain - Dono markets mein price ek ho jaata hai **Yaad rakhne wali baatein:** - Cash-futures convergence - Futures contract - Cash market - Expiry date - Arbitrage Agar aap ye samajh gaye, to aap market ke is magic trick ko decode kar sakte hain! 🎩✨

Stock ke cash market price aur uske futures contract ke price ke beech ke difference ko **Spread** kehte hain. Ye finance mein, khaas taur pe futures trading mein, ek important concept hai. Spread kyu important hai? - Ye **dividends, interest rates, market sentiment, aur time decay** jaise factors ko reflect karta hai - Ye asset (stock) ko futures contract ke expiration tak rakhne ki cost dikhata hai Spread ka knowledge kahan use hota hai? - Arbitrage mein - Hedging mein - Financial markets mein speculation karne mein Toh agar aap pro trader banna chahte hain, to spread ko samajhna bahut zaroori hai! Isse aap market ke mood ko padh sakte hain! 🕵️‍♂️💼

Future contract ka theoretical fair value calculate karne ka sahi formula hai: **Spot Price * (1 + Risk-Free Rate * (Days to Expiry/365)) - Dividend** 🎯 Ye formula kya sochta hai? 🤔 - **Spot Price:** Abhi asset ki current market price kya hai? - **Risk-Free Rate:** Bina risk ke kitna return mil sakta hai? - **Days to Expiry:** Contract khatam hone mein kitne din bache hain? - **Dividend:** Agar koi dividend milne wala hai to uska hisaab Ye formula kyu important hai? - Ye batata hai ki future price theoretically kya honi chahiye - Isse traders ko pata chalta hai ki market price sahi hai ya nahi - Agar theoretical aur market price mein farak hai, to arbitrage ka mauka mil sakta hai Par yaad rakhiye, real market mein cheezein kabhi kabhi theory se alag ho sakti hain! 😉📈

Jab **futures contract** apni **expiry date** pe pahunchta hai, to uska 'The End' ho jata hai! 🎬 Kya hota hai expiry ke baad: - Purana contract bye-bye bol deta hai 👋 - Ek naya contract, nayi expiry date ke saath, market mein aa jata hai 🆕 Yaad rakhne wali baatein: - Futures contracts automatic renewal nahi karte - Ye forward contracts mein bhi nahi badalte - Physical settlement expiry se pehle ya expiry par ho sakta hai, lekin uske baad nahi Futures trading mein ye concept bahut important hai. Agar aap futures market mein khel rahe hain, to expiry dates ko dhyan se follow karna na bhoolein! 📊🕰️

Arre futures trader, ready ho jao! 🕴️📊 Sahi jawab hai **Square off**. Yeh futures trading ka ek important concept hai: - Square off matlab apni position ko close karna, contract expire hone se pehle - Iska matlab kya hota hai? - Agar aapne pehle buy kiya tha, toh ab sell karoge - Agar sell kiya tha, toh ab buy karoge - Yeh aapko kya deta hai? - Profit ya loss lock in karne ka mauka 🔒💰 - Contract expiry tak wait karne ki tension nahi 😌 Yaad rakhna, futures trading mein timing is everything! Sahi time pe square off karna hi asli game hai! 🎯⏱️

Arre wah! Ye to market ke khiladi wali strategy hai! 😎🃏 **Cash and Carry Arbitrage** kya hota hai? - Spot market mein kharido 🛒 - Futures market mein becho 💼 - Beech ka difference = Profit 💰 Ye strategy kaise kaam karti hai? 1. **Spot Market**: Abhi ke price pe kharido 🕒💰 2. **Futures Market**: Future date ke higher price pe becho 📅💸 3. **Profit**: Price difference - (Storage cost + Interest) 🧮 Kuch important baatein: - Ye **risk-free profit** ka moka hota hai (theoretically) 🎯 - **No-arbitrage principle** pe based hai 📊 - Market inefficiencies ka fayda uthata hai 🕵️‍♂️ Practical use kahan hota hai? - Commodities trading mein (like gold, oil) 🥇🛢️ - Financial instruments mein (stocks, bonds) 📈📉 - Currency markets mein 💱 Yaad rakhna, ye pro-level strategy hai. Pehle basics strong karo, phir hi try karna! 💪🧠