单选题 Joe Savvy wishes to speculate in March wheat futures by selling one contract Prior to selling the one contract, Joe had no position in wheat futures at all. He sells to Billy Bland who already had a short position in the March wheat futures contract. His sale of one futures contract will produce : A. one contract of volume. B. one contract of open interest. C. both A and B.

【正确答案】 A

【答案解析】The sale of the futures contract will involve matching seller with buyer and producing one contract of volume For Joe, this is a new position while for Billy this was a reversing trade. Therefore the open interest is unchanged.