Position trader

In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price. The future date is called the delivery date or final settlement date. The pre-set price is called the futures price. The price of the underlying asset on the delivery date is called the settlement price.
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A commodities trader who takes a long-term approach in maintaining positions in the market and does not close out of these positions until close to the delivery date.

A trader who establishes a position (either by purchasing or selling) and holds it for an extended period of time.