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Quadruple Witching Day

The day on which any four classes of option contracts (stock index futures, stock index options, stock options and single…

Serial Option

A short-term (usually 30-day) option on a futures contract whereby the option expires before its underlying futures reaches maturity. If…

Tax Straddle 

A tactic that is used in futures and options trading to create tax benefits. By definition, it is a combination...

Treasury Bond Futures 

A futures contract in which the underlying is a treasury bond. This contract is mainly used by investors seeking to…

Stock Index Futures

A futures contract on a stock index. This type of futures entails the future delivery of a cash amount based...

Wild Card Play

The right of the seller of a futures contract to deliver on that contract at the closing price for a...

Currency Futures

A futures contract to buy or sell a standard amount of a currency at a specified future date for an...

Soft Commodity Futures

A commodity futures in which the underlying is a soft commodity such as sugar (sugar futures), soy beans (soy beans...

Pack

A futures-trading strategy which involves buying four consecutive delivery-month futures contracts in the same delivery year. Each of these contracts...

Commodity Futures

A futures contract in which the underlying is a commodity, primarily an agricultural product (coffee beans, wheat, corn, etc), metal...