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Out-of-The-Money Futures

A futures (futures contract) that is out of the money (OTM); a futures contract is out of the money for...

GAPP Futures

It stands for gas-at-the-pump futures. It is a futures contract in which the underlying is the retail price of gasoline.…

Futures Short

The trader who takes a short position in futures, i.e., he/she will sell the underlying commodity of a futures contract,…

Futures Long

The trader who takes a long position in futures, i.e., he/she will buy the underlying commodity of a futures contract,…

Futures Equivalent

A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…

Electricity Futures

A futures contract whereby one counterparty is under obligation to buy from, or sell to, another counterparty a standardized amount…

E-Mini Futures

A type of electronically traded futures contract that is smaller in size than otherwise identical futures contract. That is, an...

Fixed-to-Floating Commodity Swap

A commodity swap in which one party makes a series of fixed payments and receives floating payments tied to a…

Assignable Contract

A futures contract (usually not exchange-traded) which has a clause allowing the holder to transfer his rights of assignment to…

Limit Move

On the futures markets, it refers to the maximum price fluctuation a given futures contract is allowed to experience in…