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The seller of a futures contract
agoldberg2011
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The seller of a futures contract
The seller of a futures contract
▸ has the option of canceling the contract the following day if the price is not acceptable to him/her.
▸ is legally bound to make delivery of the specified item on the specified day.
▸ receives the entire contract amount at the time the contract is made.
▸ must make delivery before receiving any monies on the contract.
Textbook
Fundamentals of Investing
Edition:
14
th
Authors:
Zutter, Smart
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is legally bound to make delivery of the specified item on the specified day.
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