underlying futures contract
- underlying futures contract
The specific futures contract that is bought or sold by exercising an option. Chicago Board of Trade glossary
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The futures contract covered by an option; for example, a 300 Dec. corn call's underlying futures contract is the December corn futures contract. The CENTER ONLINE Futures Glossary
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The futures contract that may be purchased ( in the case of a call) or sold ( in the case of a put upon the exercise of the option. Chicago Mercantile Exchange Glossary
Financial and business terms.
2012.
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