Underlying futures contract
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Campbell R. Harvey's Hypertextual Finance Dictionary
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Underlying futures contract
A
futures
contract
that
underlies
an
option
on that future, which is carried out if the
option
is
exercised
.
Copyright © 2000,
Campbell R. Harvey
. All Rights Reserved.
A Guide to Futures | Options Market Terminology : English English Dictionary
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Underlying futures contract
The futures contract covered by an option; for example, a 300 Dec. corn call's underlying futures contract is the December corn futures contract.
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