Copper
HG=FHGU26.CMXUpdated 05:04:18 · refreshes every 60s
Implied Opening Price
6.69▼
+0.00−0.05%
1σ 6.63 – 6.75VIX 14.5%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value |
|---|---|
| Futures Price (F) | 6.69 |
| Spot Price (S) | 6.69 |
| Risk-Free Rate (r) | 3.78% |
| Storage Cost (q) | 1.50% |
| Time to Expiry (t) | 3.6d |
About this projection
The Copper implied open tracks the front-month HG=F futures contract, adjusted for cost of carry: the USD risk-free rate plus an annualized storage-and-insurance estimate of roughly 1.5% per year, discounted over the time to contract expiry.
Commodities have no dividend stream, so storage cost takes yield's place in the fair-value formula. The projection refreshes continuously while futures trade; the methodology page has the full derivation.
This is not financial advice.← Back
