In reference to the futures market, a "speculator"

Multiple Choice

• attempts to profit from a change in the futures price.

• wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contract.

• stands ready to buy or sell contracts in unlimited quantity.

• wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contract, and also stands ready to buy or sell contracts in unlimited quantity.