Businesses remain free to choose their accounting date and can prepare accounts to any date in the year. However, any business that has a non-tax year accounting period in 2024 to 2025 or future years will need to apportion profits from 2 accounting periods to the tax year. This sample is a page from the December 12, 2006, COT report (short format) showing data for the Chicago Board of Trade’s wheat futures contract. Dissaggregated shows that the positions are broken out by type of trader and not added together. This will make alcohol duty administration simpler because producers can report and pay duty on all types of alcoholic products (beer, cider, wine, other fermented products, and spirits) on one monthly return.
You may have clients who need to change the way they report their income and expenses
- Once enrolled, producers only need to send one return each month, to cover all alcohol products across all approved premises.
- The short format shows reportable open interest and week-to-week open interest changes separately by reportable and non-reportable positions.
- A trader’s long and short futures-equivalent positions are added to the trader’s long and short futures positions to give “combined-long” and “combined-short” positions.
- The Commitment of Traders (COT) report is a summary of the holdings of market participants, published weekly by the Commodity Futures Trading Commission (CFTC).
Use the Cot report as part of your higher timeframe and fundamental analysis to get clear institutional insights. To help you analyze important trends and movements using the Commitment of Traders reports, Tradingster.com provides up-to-date COT reports (including COT reports’ historical data) and free COT charts. When graphically shown on charts, you actually see what is referred to as the Net Traders Positions which is the actual difference between the number of long positions held by each group minus the sasol south africa limited number of short positions. Thus a positive number means they hold more long positions than short and vice versa. Every other reportable trader that is not placed into one of the other three categories is placed into the "other reportables" category.
How to apply COT insights to trading decisions
Long-call and short-put open interest are converted to long futures-equivalent open interest. Likewise, short-call and long-put open interest are converted to short futures-equivalent open interest. For example, a trader holding a long put position of 500 contracts with a delta factor of 0.50 is considered to be holding a short futures-equivalent position of 250 contracts. A trader’s long and short futures-equivalent positions are added to the trader’s long and short futures positions to give "combined-long" and "combined-short" positions. As one would expect, the largest positions are held by commercial traders that actually provide a commodity or instrument to the market or have bought a contract to take delivery of it. Thus, as a general rule, more than half the open interest in most https://fnb.co.za/ of these markets is held by commercial traders.
Trading Guides
Number of traders doesn’t matter so much because one trader holding 20,000 contracts is the same as 10,000 traders holding two contracts each. It may give you an idea of how many people are involved, but what is important is how many total contracts are out there for that position. The left side of the first column shows the total open interest, which are the number of open contracts in that futures market. The reports are read as tables, which each row and column labeled appropriately (see https://satrix.co.za/ the example above). The information in the report indicates how much interest there is, both long and short, in various derivatives contracts, and which type of market actor is involved. There have been recommendations to publish more detailed data on a delay as not to affect commercially sensitive positions, but that still looks unlikely.
Traders hold positions equal
The Commitments of Traders (COT) report is a market report, which is published weekly by the CFTC (Commodity Futures Trading Commission). The COT report gives insights on sasol gas supply the positions of different market participants in the US. The Position Data is based on reports by different firms, like clearing members and brokers. The COT classification/ category of each firm is based on the major business purpose.