A standard option on an underlying contract which is composed of a strip of monthly, quarterly or seasonal futures, whereas the underlying is an average of the futures. On option expiration, a holder receives that strip of futures. This type of option is specific to energy products such as electricity, natural gas, coal, etc.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments