#交易策略误区 Inter-City Arbitrage: Operate using the price differences of the same futures product at different exchanges. For example, buying at Exchange A while selling the same quantity of contracts at Exchange B.

Inter-Period Arbitrage: Based on the price relationship between contracts of the same futures product with different expiration months at the same exchange. When the price difference between near-month contracts and far-month contracts deviates from a reasonable range, buy the relatively undervalued contract while selling the overvalued contract.

Inter-Product Arbitrage: Utilize the price ratio relationship between related products for arbitrage. For example, soybeans and soybean meal; when the price ratio between the two deviates from the normal range, corresponding buying and selling operations can be performed.

Convertible Bond Arbitrage: Utilize the stock/debt characteristics of convertible bonds for arbitrage trading, including stock conversion arbitrage, lock-in price trading arbitrage, new share strategies, and special clause gaming arbitrage, etc.

Fund Arbitrage: Mainly refers to the arbitrage of ETF and LOF funds between on-exchange and off-exchange premiums and discounts. When there is a price inconsistency between on-exchange and off-exchange, arbitrage is performed by buying low and selling high.

Options Arbitrage: Trading with on-exchange options as the underlying asset, including boundary arbitrage, vertical spread arbitrage, parity arbitrage, volatility arbitrage, etc.

Merger Arbitrage: When one company announces the acquisition of another company, the stock price of the acquired company typically rises but remains below the acquisition price; the difference in between is the arbitrage opportunity.