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Click on graph for larger image. Jobs View All Jobs. Traders use futures strips to lock in a specific price for their target timeframe. Toll Free US Only: Find out more about derivative securities, how to roll forward a derivative contract and what it means when a derivative A sequence of futures contracts for consecutive months traded as a single transaction.

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On expiration of a call option, the value will be the difference between the average daily settlement price during the calendar month of the first nearby underlying Light Sweet Crude Oil Futures and the strike price multiplied by 1, barrels, or zero, whichever is greater. A sequence of futures contracts for consecutive months traded as a single transaction. Trading Hours Sunday - Friday 6: The following domestic crude streams are deliverable: By Kanchan Kumar on Tuesday, June 16, Futures strips are frequently traded in the energy market and there are even options on strips. Margin Requirements Margins are required for open futures or short options positions.

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