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红同学2023-04-16 12:04:24

第三小题,“Fond du Lac, has been in business for more than 100 years and has developed sophisticated pricing models. Currently, their models predict that the price of corn is poised to more than double in the next six months. Fond du Lac has purchased a large amount of corn in the spot market and has taken delivery at its storage facilities. When the price increase occurs, they intend to sell the corn in the spot market.”这不是典型的speculator吗?为啥选套利者?

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Johnny2023-04-16 13:58:13

同学你好,注意以下话语: taken delivery at its storage facilities,也就是说主人公会把现货玉米运到仓储设备中进行储藏。
教材原文如下:They may own the storage facilities and work to manage that inventory in conjunction with the futures prices to attempt to make arbitrage-style profits. 套利者是会运输并储存现货资产的,也就是说他完整的复刻了从现货到仓储的过程,就是要通过期货定价公式的不成立来赚取套利收益的。而speculator是纯粹的赌方向而不是在赚取无风险的价差

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