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Futures Terms |
| Browse our glossary of terms by using the Alphabet below. You may also search the glossary by using the search box in the right column. | |
| E | |
| Pages: 1 | |
| Term | Definition |
|---|---|
| Exchange-traded option; put option; call | Options (subject to certain exceptions) give an option purchaser the right to buy in the case of a call option, or to sell in the case of a put option, a futures contract or the physical commodity underlying the option at the stated strike price prior to the expiration date of the option. Each exchange-traded option is distinguished by the underlying futures contract or underlying physical commodity, strike price, expiration date, and whether the option is a put or a call. |
| Exdividend | The day on which a dividend paying stock trades without the right to receive the dividend. |
| Expiration | The last day a contract, whether a future or option, can trade prior to final settlement. In reality, future contracts do not "expire"; a position (long or short) in a futures contract must either be offset by assuming an inverse position in the same contract, or go through the delivery process. |