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Re: Nocona post# 4839

Monday, 02/10/2003 11:13:25 AM

Monday, February 10, 2003 11:13:25 AM

Post# of 8735
nocona --

They function very differently from options. They are futures contracts, like commodities. The goal is to exit positions before the contract delivery date. Of course it may make sense to take or make delivery at expiration. They are very flexible, and applicable to many of the standard trading and hedging scenarios.

Thanks,

Robo

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