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To: SubMareener

OK, I’m confused. Why does the Bloomberg futures say March 13? Is the other one (above) for March 13 also — as they are both down 226.


28 posted on 12/28/2012 4:37:47 PM PST by bunster
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To: bunster

A “futures” contract is an agreement to pay a certain price for a stock, or index fund, on a certain date IN THE FUTURE. March 13, 2013 date is the the strike date of the contract. However, it seems that the futures price usually translates into the opening price move on the next day of trading.


31 posted on 12/28/2012 5:16:38 PM PST by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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