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  • Tuesday, April 29, 2025
  • The Financial Encyclopedia
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Derivatives

  Derivatives   |   Terms
  • 442
  • August 22, 2022
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Wild Card Play

The right of the seller of a futures contract to deliver on that contract at the closing price for a period of time following the closing bell. The seller can give the buyer a notice of delivery, benefiting from the possibility of handing over the “cheapest to deliver” underlying.


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