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SQ is the final payment price for futures and options trading. In Japanese, it is called "special liquidation index" and it is a standard to decide how much the remaining building blocks will be liquidated.
On SQ days, market participants tend to focus on buying and selling, and in particular, the movement of the market participants may increase. However, SQ is not a sign that determines the direction of stock price.
In this article, we will organize the meaning of SQ, the idea of calculation, the difference between major SQ, and the points that beginners should be aware of.
What is SQ
SQ stands for Special Quotation. "Special liquidation index" in Japanese.
It is easy to say, it is a price to liquidate futures and options on a full-time day.
If you buy or sell stocks, the trading ends. On the other hand, futures and options have a deadline.
On the due date, the criteria for determining which price will be settled until the expiration date is SQ.
| English | 意味 |
|---|---|
| SQ | Final payment price for futures and options |
| 建玉 | Unpaid trading positions |
| Expires | Expiration date of futures and options |
Why SQ is important
SQ is important because it is easy to concentrate on large funds.
機関al investors and hedge funds may operate within futures, options, and arbitration transactions. When the position is adjusted for the SQ day, the sales price and the volume of the product will increase.
This is the next time.
- SQ Week
- SQ day before
- SQ
It is an important event for short-term trading, but it is important not to respond excessively in long-term investment.
How to determine SQ
The SQ of the Nikkei-ave futures and Nikkei-ave options is calculated based on the first value of the const ent symbol.
The image is a form that calculates the Nikkei average for liquidation using the price with each symbol in the morning of the SQ day.
Therefore, the average daily share price and SQ value of normal real-time can be a little shift. This is because all const。ent symbols don’t stop at the same time.
What is Major SQ?
Major SQ is a SQ with the expiration of stock index futures and options.
In Japan, SQ in March, June, September and December is called Major SQ.
More than usual SQ, it is easier to make payments more expensive.
| Type | Main Features |
|---|---|
| SQ | Focus on monthly options |
| Major SQ | Futures and Options |
How to move stock price on SQ
SQ day may be rough. However, it is not possible to judge whether it goes up or down.
It is easy to happen is the bias of short-term supply and demand rather than the decision of direction.
For example, there may be an increase in sales and sales that are conscious of a specific price range for SQ. In addition, due to the elimination of arbitration transactions and hedging adjustments, the movement of the arbitration and the predecessor may be larger than usual.
What Beginners Should Know
The first thing that beginners want to be aware of is that the SQ value itself does not apply.
The short-term SQ value is difficult to predict, and it is not readable even professionally. The important thing is to understand that SQ is a short-term movement.
No need to change your investment policy with SQ. N、 and long-term decentralized investments are more important than short-term events.
On the other hand, for day trading and short-term trading, it is the schedule that you want to check for SQ week and SQ day. It is necessary to carefully handle leverage and breakdown settings because it is easy to spread short-term programs.
Common misunderstandings
SQ is not a rampage sign.
Certainly, the value movement may increase before and after SQ. However, in some cases, it may not work if it rises or falls.
SQ is not a material that guarantees the direction, it is a payment event for futures and options. In order to see the direction of the market, it is necessary to confirm the interest rate, exchange rate, corporate performance, overseas market, investor registration, etc.
- SQ is the final payment price for futures and options
- Special Quotation
- SQ day, sales may be concentrated, and price movement may increase
- In March, June, September and December, it is easy to attract attention as major SQ
- Long-term investors do not buy or sell with SQ alone
First of all, it is enough to understand SQ as "Payment Event that is easy to move with short-term supply and demand".